Eurozone debt crisis: Implications for the Indian banking sector

Abstract

The Eurozone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators, policymakers, and the sovereigns. Though the crisis is epicentered in the Eurozone, the knock-on effects of the crisis are felt all across the globe. The emerging and developing economies (EDEs) are also expected to post lower growth on account of worsening external environment and a weakening internal demand. This chapter analyzes the causes for sovereign debt crisis, presents the implications of sovereign debt crises, and draws lessons for banking sectors more particularly in the context of emerging markets like that of India.

Citation

Swamy, V. (2013), "Eurozone debt crisis: Implications for the Indian banking sector", Global Banking, Financial Markets and Crises (International Finance Review, Vol. 14), Emerald Group Publishing Limited, Leeds, pp. 341-362. https://doi.org/10.1108/S1569-3767(2013)0000014015