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The ‘PIIGS’ acronym had a clear negative impact on the response of financial markets to the ‘PIIGS countries’ during the crisis

Brazys, Sam and Hardiman, Niamh (2014) The ‘PIIGS’ acronym had a clear negative impact on the response of financial markets to the ‘PIIGS countries’ during the crisis. LSE European Politics and Policy (EUROPP) Blog (12 Dec 2014). Website.

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Abstract

During the Eurozone crisis the term ‘PIIGS’, denoting Portugal, Ireland, Italy, Greece and Spain, gained traction as a shorthand for referring to the countries worst hit by the crisis. But did this term have an actual impact on the way each country was treated by financial markets? Sam Brazys and Niamh Hardiman present an analysis of how the PIIGS term affected Ireland. They find that the term had a clear negative effect on the country’s market treatment, indicating that acronyms can act as signals that guide and shape market perceptions.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2014 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 30 Mar 2017 08:58
Last Modified: 23 Jul 2020 23:11
URI: http://eprints.lse.ac.uk/id/eprint/71589

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