1.

Record Nr.

UNINA9910468228003321

Autore

Rato Joao Moreira

Titolo

The European Debt Crisis : How Portugal Navigated the post-2008 Financial Crisis / / by João Moreira Rato

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2020

ISBN

9783030611743

3030611744

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (IX, 128 p.)

Collana

Palgrave pivot

Disciplina

946.9044

Soggetti

Macroeconomics

Economics

Finance, Public

Macroeconomics and Monetary Economics

Political Economy and Economic Systems

Public Finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

1. The background -- 2. Roadmap, preparations -- 3. Investors -- 4. Managing the different ecosystems: the international press, the rating agencies and the domestic public opinion -- 5. Restarting the engines: first issuance -- 6. The road to normalization had its ups and downs. 7. The final push -- 8. Success: Investors support allowed Portugal to avoid a second Troika programme.

Sommario/riassunto

This book explores Portugal's response to the 2008 economic crisis and how the country regained the trust of the global capital markets through investor support. The experiences and successes of Portugal are compared with the other Eurozone countries, in particular Greece which had to negotiate a series of assistance programs, to highlight the strategies which helped lessen the impact of the debt crisis. This book aims to provide insight into the global investor ecosystem and to how financial globalization works in practice, illustrating how the multinational investor universe, the financial media, rating agencies, and how investment banks interact. It will be relevant to students and



researchers interested in financial markets and political economy, and also financial market practicioners and policy makers. João Moreira Rato is a visiting professor at NOVA University Lisbon IMS and a research associate at the Systemic Risk Centre at the LSE. He was previously CEO and Chairman of the Portuguese Debt Management Office and Treasury.