The Euro zone debt crisis has indeed jeopardized the recovery plans put in place post global crisis by regulators … on the topic, analyses the causes for sovereign debt crisis and presents the implications of sovereign debt crises and …

economic, political and regulatory incentives for financial firms to hold government debt. As a result, an increase in … government debt is a common by-product of large-scale bank failure, and large-scale bank failure is a common by-product of … government debt default. Such links complicate loss allocation and crisis response. The essay concludes that no sovereign …

liabilities towards debt strongly increases the risk of a systemic banking crisis. Moreover, certain forms of international … bank lending, and in particular through short-term bank debt …

more local sovereign debt in the midst of the crisis. This has traditionally been interpreted as an evidence of financial … repression or moral suasion. By using a novel dataset on bank-level exposures to sovereign and private debt covering the entire … Eurozone crisis, I confirm that sovereign debt has been reallocated from foreign to domestic banks at the peak of the crisis …

European banks have been criticized for holding excessive domestic government debt during economic downturns, which may … the entire timeline of the Eurozone crisis, I first re-confirm that the crisis led to the reallocation of sovereign debt … sovereign debt, I show that banks' private sector exposures were (at least) equally affected by a rise in home bias. Finally …

European banks have been criticized for holding excessive domestic government debt during economic downturns, which may … the entire timeline of the Eurozone crisis, I first re-confirm that the crisis led to the reallocation of sovereign debt … sovereign debt, I show that banks' private sector exposures were (at least) equally affected by a rise in home bias. Finally …

European banks have been criticized for holding excessive domestic government debt during the recent Eurozone crisis … debt from foreign to domestic banks. In contrast to the recent literature focusing only on sovereign debt, I show that the … propose a new debt reallocation channel based on informational frictions and show that the informationally closer foreign …