have an incentive to gamble on domestic sovereign bonds when they expect to suffer from non-bond losses in the aftermath of … simultaneously raise bank funding costs and drive banks to increase their purchases of domestic debt, crowding out bank lending …. Subsidized loans to banks, similar to the ECB's non-targeted longer-term refinancing operations (LTRO), strengthen gambling …

were in dollars and our sovereign currency issuer simply spent, lent, and guaranteed 29 trillion dollars’ worth of bad bank … bank debts were in 'foreign' currencies. By this I mean that even though Irish bank debt was in euros, the Government of … European Central Bank (ECB). Every euro issued in Ireland is ultimately convertible, one to one, to an ECB euro. There is …

ratios- following intra- and (particularly) interstate liberalization of bank branching restrictions. This effect arises …

central bank to implement monetary policy with less side effects, but at the cost of losing control over inflation through …

countercyclical bank markups. Markup increments during recessions directly increase borrowing costs for firms and indirectly damage …