Mitchener, Kris; Trebesch, Christoph - National Bureau of Economic Research - 2021
How will sovereign debt markets evolve in the 21st century? We survey how the literature has responded to the Eurozone … advanced economies; (ii) a bank-sovereign "doom-loop" and the propagation of sovereign risk to households and firms; (iii) roll … survey points to a growing role of sovereign-bank linkages, legal risks, domestic debt and default, and of official creditors …