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The sovereign-bank nexus in the euro area : financial & real channels
Bellia, Mario; Calès, Ludovic; Frattarolo, Lorenzo; … - 2019
Persistent link: https://www.econbiz.de/10012169880
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Monetary policy, bank bailouts and the sovereign-bank risk nexus in the Euro area
Fratzscher, Marcel; Rieth, Malte - 2015
Persistent link: https://www.econbiz.de/10011350260
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Bank use of sovereign CDS in the eurozone crisis : hedging and risk incentives
Acharya, Viral V.; Gündüz, Yalın; Johnson, Tim - 2018
Using a comprehensive dataset from German banks, we document the usage of sovereign credit default swaps (CDS) during the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their long exposures to sovereign risk during this period....
Persistent link: https://www.econbiz.de/10011888333
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Sovereign default swap market efficiency and country risk in the eurozone
Gündüz, Yalın; Kaya, Orcun - 2013
sovereign CDSs of 10 eurozone countries to test the evidence of long memory behavior during the financial crisis. Our analysis … eurozone countries by estimating dynamic conditional correlations. -- Credit default swaps ; long memory ; sovereign risk … ; eurozone economies ; FIGARCH ; dynamic conditional correlation …
Persistent link: https://www.econbiz.de/10009731982
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The IMF to the rescue : did the euro area benefit from the fund's experience in crisis fighting?
Dullien, Sebastian; Fritz, Barbara; Mühlich, Laurissa - 2016
The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...
Persistent link: https://www.econbiz.de/10011548057
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Our currency, your problem? : the global effects of the euro debt crisis
Stracca, Livio - In: European economic review : EER 74 (2015), pp. 1-13
Persistent link: https://www.econbiz.de/10011522584
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Verschuldungsanreize in der Wirtschafts- und Währungsunion
Heinemann, Friedrich - 1994
Die Bestimmungen zur europäischen Wirtschafts- und Währungsunion (WWU) im Unionsvertrag haben die Anreize für öffentliche Verschuldung verändert. Die Analyse zeigt, daß trotz der Bemühungen, die nationale Eigenverantwortlichkeit zu bewahren, nicht mit einer effektiven Disziplinierung...
Persistent link: https://www.econbiz.de/10011621819
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Verschuldungsanreize in der Wirtschafts- und Währungsunion
Heinemann, Friedrich - 1994
Persistent link: https://www.econbiz.de/10013427969
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Sovereign risk, interbank freezes, and aggregate fluctuations
Engler, Philipp; Große Steffen, Christoph - 2014
This paper studies the bank-sovereign link in a dynamic stochastic general equilibrium set-up with strategic default on public debt. Heterogeneous banks give rise to an interbank market where government bonds are used as collateral. A default penalty arises from a breakdown of interbank...
Persistent link: https://www.econbiz.de/10010457126
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The German transfer problem, 1920 - 1933 : a sovereign debt perspective
Ritschl, Albrecht - 2012
Persistent link: https://www.econbiz.de/10009572493