Correa, Ricardo; Sapriza, Horacio - Federal Reserve Board (Board of Governors of the … - 2014
crises has coincided or has directly followed banking crises. The link between sovereigns and banks tightened as the … contingent liability that the banking sector represents for the sovereign grew, as financial "safety nets" became more common …Sovereign debt crises have been recurrent events over the past two centuries. In recent years, the timing of sovereign …