Panetta, Fabio; Correa, Ricardo; Davies, Michael; Di … - Volkswirtschaftliche Fakultät, … - 2011
also been affected, but to a much lesser extent. Greater sovereign risk is already having adverse effects on banks and … conclusions and discusses some implications for banks and the official sector. Two caveats are necessary before discussing the … main findings. First, the analysis focuses on causality going from sovereigns to banks, as is already the case in some …