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 …

been interpreted as indicative evidence of moral suasion. By using a novel bank-level dataset covering the entire timeline … of the eurozone crisis, I first re-confirm that the crisis led to the reallocation of sovereign debt from foreign to … key role in the recent fragmentation across eurozone debt markets …