I am going through the BIS Quarterly Review that just came out and it is packed with useful information about the global economy. With regard to the sovereign debt crisis, I found the following chart a good one for getting a feel for the exposure to the crisis-ridden countries of the Eurozone.
Notice how Ireland is considered in this analysis and Italy is not.
Originally published at Credit Writedowns and reproduced here with the author’s permission.
One Response to “Chart of the Day: Exposures to Greece, Ireland, Portugal and Spain”
Certainly a very nice chart, but the exposures of domestic banks to national sovereign debt are missing. This is the largest part of the risky exposures. The BIS left Spanish exposures to Spain blank. It is therefore good to combine the figure with the recent OECD study on EU banks sovereign debt, which reports that Spanish banks hold euro 203 billion of Spanish sovereign debt, Greek banks hold euro 56 billions of Greek debt etc. OECD also included Italy and Hungary in the chart:http://www.oecd.org/dataoecd/17/57/45820698.pdf