School of Business and Economics

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Contagion within and without of the Euro zone

One of the claims of Euro zone membership for the southern European countries was that by joining the Euro their governments could borrow at low (northern European) rates of interest. The reason for this was that there would be no exchange rate risk as all borrowing would be in Euros. This argument, however, ignored the […]

How Brexit opened up the Pandora’s box of Italy’s banking malaise

The SBE’s Andrea Lagna has written an interesting post published in The Conversation recently about the affect of the EU Referendum result in June on Italian banking: “Brexit has triggered a financial chain reaction that has also exposed the problems of the Italian banking system. The UK’s decision to leave the EU made investors fearful that […]