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Default Risk of Greek Government during the Crisis of 2010: Greek fiscal crisis from 1970s until April 2011 - Couverture souple

Veselý, Oldřich

 
9783659294006: Default Risk of Greek Government during the Crisis of 2010: Greek fiscal crisis from 1970s until April 2011
Couverture souple
ISBN 10 : 3659294004 ISBN 13 : 9783659294006
Editeur : LAP LAMBERT Academic Publishing, 2012

Synopsis

The book analyses Greek fiscal crisis which was “discovered” by markets at the end of 2009. The book is divided into two parts. In the historically-analytical part we show the evolution of the Greek fiscal crisis from its foundations in 1970s until April 2011, when the work was finished. We try to find the true roots of the crisis and we also summarize its political evolution. In the theoretical part the evolution of the probability of default of Greek government is estimated using parsimonious method using government bond market data. A method using data from the market of credit default swaps is also summarized. The work tests several hypotheses. The book mainly shows that the crisis should not have been such a surprise and that markets were probably short sighted. We also show that European aid package introduced in the spring 2010 did not calm the markets. At the end of the book we show further possible research ideas.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

The book analyses Greek fiscal crisis which was “discovered” by markets at the end of 2009. The book is divided into two parts. In the historically-analytical part we show the evolution of the Greek fiscal crisis from its foundations in 1970s until April 2011, when the work was finished. We try to find the true roots of the crisis and we also summarize its political evolution. In the theoretical part the evolution of the probability of default of Greek government is estimated using parsimonious method using government bond market data. A method using data from the market of credit default swaps is also summarized. The work tests several hypotheses. The book mainly shows that the crisis should not have been such a surprise and that markets were probably short sighted. We also show that European aid package introduced in the spring 2010 did not calm the markets. At the end of the book we show further possible research ideas.

Biographie de l'auteur

Mgr. Oldřich Veselý was born in Prague in the Czech Republic in 1986. He finished his studies of Masters Economics programme on the Charles University in Prague summa cum laude in 2011. He studied the probability of default of Greek government in his diploma thesis. He has been working as an algorithmic trader since 2011.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2012
Langue
anglais
ISBN 10 
3659294004
ISBN 13 
9783659294006
Reliure
Broché
Nombre de pages
108
Coordonnées du fabricant
non disponible
Personne responsable
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