Pagano, Marco - Centro Studi di Economia e Finanza (CSEF) - 2014
. First, it highlights the key role that sovereign debt exposures of banks have played in the feedback loop between bank and … fiscal distress, and inquires how the regulation of banks’ sovereign exposures in the euro area should be changed to mitigate … European banks and the tendency of EU regulators to rescue rather than resolving distressed banks, and asks to what extent the …