Analysis of Public, Private and Financial Sectors in European Countries Through the Statis Methodology

The subprime crisis quickly became a global financial crisis, affecting a large number of countries, including the European economies. Europe also faces a crisis of public debt, particularly since the beginning of 2010, having the Greek debt served as a fuse. In this economic context and with the tw...

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Catarina Lourenço Soares, Adelaide Maria de Sousa Figueiredo, Fernanda Otília de Sousa Figueiredo
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.01.2014
Subjects
International finance
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Summary:The subprime crisis quickly became a global financial crisis, affecting a large number of countries, including the European economies. Europe also faces a crisis of public debt, particularly since the beginning of 2010, having the Greek debt served as a fuse. In this economic context and with the twenty-seven European countries being mentioned as having very different economies, it becomes interesting to identify, analyse and discuss the main weaknesses and similarities of the public states, private and financial sectors of these economies. For this purpose, inspired by the early warning systems, fourteen variables are analysed through the Statis methodology during the period 2002-2011. Accordingly, we concluded that this methodology highlighted the economic developments in this period and allowed to obtain some interesting conclusions about what have the public, private and financial sectors of the twenty-seven European countries in common and what differentiate them to each other.