Managing Risks in the European Periphery Debt Crisis ─ Lessons from the Trade-Off Between Economics, Politics and the Financial Markets

The European Periphery Debt Crisis (EPDC) has its roots primarily in the structural characteristics of the individual economies which are trading off with a number of European and international economic, regulatory, political, and financial market factors. The book is motivated by the prolonged crisis and the associated transmission of global shocks and spillover effects.

The book offers a full diagnosis of the EPDC, its association with the national and international structural characteristics, and a full analysis from a risk management point of view of the available policy options, both retrospectively and prospectively.

Its contributors are senior policymakers, regulators, active policy advisors, bankers, and decision makers in the markets, drawing experience from the peripheral European countries themselves, the European Union and other western economies.

The book is a practical reference to all those involved in the decision-making process in banking, financial markets, investments, business, policy making, and regulation. It offers in-depth analysis and information to researchers in international organizations, think tanks and universities, as well as to postgraduate students in Economics and MBA courses.

George Christodoulakis is Associate Professor of Finance at Manchester Business School, University of Manchester, an active financial advisor and entrepreneur internationally, and a member of the Hellenic Corporate Governance Council. He served as the Secretary of State and Chief Executive for Asset Restructuring and Privatizations of Greece between 2009 and 2012. He was formerly employed as an Advisor to the Governor of the Bank of Greece, an academic at Cass Business School, the University of Exeter, as well as an advisor in the international financial sector. Dr Christodoulakis holds a PhD from the University of London. His research expertise concentrates on quantitative finance, credit and market risk, which has applied in the market, to risk management, asset management and pricing, asset privatization and restructuring transactions, forecasting, systemic financial stability and regulation. Dr Christodoulakis is frequently invited as a speaker in at international professional conferences, expert panels and media. He has published extensively research work in leading international refereed journals and books. He co-edited the bookThe Analytics of Risk Model Validation and is Associate Editor of the Journal of Risk Model Validation.