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Approaches to solving the Eurozone sovereign debt default problem

Rees, Ray; Arnold, Nadjeschda Katharina - In: Monetary policy, financial crises, and the macroeconomy …, (pp. 265-295). 2017

Persistent link: https://www.econbiz.de/10011898234

An anatomy of credit risk transfer between sovereign and financials in the Eurozone crisis

Banerjee, Anurag Narayan; Hung, Chi-Hsiou Daniel; Lo, … - In: Journal of international financial markets, … 41 (2016), pp. 102-120

Persistent link: https://www.econbiz.de/10011475943

Bank use of sovereign CDS in the eurozone crisis : hedging and risk incentives

Acharya, Viral V.; Gündüz, Yalın; Johnson, Tim - 2018

Using a comprehensive dataset from German banks, we document the usage of sovereign credit default swaps (CDS) during the European sovereign debt crisis of 2008-2013. Banks used the sovereign CDS market to extend, rather than hedge, their long exposures to sovereign risk during this period....

Persistent link: https://www.econbiz.de/10011888333

Bank use of sovereign CDS in the Eurozone crisis : hedging and risk incentives

Acharya, Viral V.; Gündüz, Yalın; Johnson, Tim - In: Journal of financial intermediation 50 (2022), pp. 1-18

Persistent link: https://www.econbiz.de/10013348118

Sovereign debt holdings and banks' credit risk : evidence from the Eurozone

Abinzano, Isabel; Corredor, Pilar; Mansilla-Fernández, … - In: Finance research letters 47 (2022) 1, pp. 1-7

Persistent link: https://www.econbiz.de/10013457292

Sovereign Debt, Bail-Outs and Contagion in a Monetary Union

Eijffinger, Sylvester C. W. - 2015

after 2008. We present a theory, which can account for the behavior of sovereign bond spreads in Southern Europe between … 1998 and 2012. Our key theoretical argument is related to the bail-out guarantee provided by a monetary union, which …

Persistent link: https://www.econbiz.de/10013027003