The Janus-headed salvation: Sovereign and bank credit risk premia during 2008-2009

In autumn 2008, euro area governments announced comprehensive rescue packages for banks. This induced decreasing bank and increasing government credit spreads. Moreover, the sensitivity of perceived sovereign credit quality to further crisis aggravations increased, and vice versa for banks.

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Year of publication:	2011
Authors:	Ejsing, Jacob ; Lemke, Wolfgang
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 1, p. 28-31
Publisher:	Elsevier
Keywords:	Financial crisis Risk transfer Credit default swaps Sovereign debt

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866869