ideas: (1) to create multitranche "sovereign bond-backed securities" (SBBS), of which the senior tranche would constitute a … safe asset; (2) to create a senior, publicly owned financial intermediary that would issue a bond backed by a diversified … diversified pool of senior sovereign bonds ("multitranche national bond issuance"). Public attention (including public criticism …

The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight …

could potentially produce safe assets in sufficient quantities to replace euro area sovereign bond holdings in euro area … wealth fund is also likely to have the lowest impact on the structure and liquidity of national bond markets, while national …

simply repaying bank loans. Moreover, holdings of 'buy-and-hold' bond investors are large in aggregate but small for weaker …The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth … of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of …

We use administrative and supervisory data at the bank and loan level to investigate the impact of the introduction of … covered bonds on the composition of bank balance sheets and bank risk. Covered bonds, despite being collateralized by … mortgages, lead to a shift in bank lending from mortgages to corporate loans. Young and low-rated firms in particular receive …

ideas: (1) to create multitranche "sovereign bond-backed securities" (SBBS), of which the senior tranche would constitute a … safe asset; (2) to create a senior, publicly owned financial intermediary that would issue a bond backed by a diversified … diversified pool of senior sovereign bonds ("multitranche national bond issuance"). Public attention (including public criticism …

ideas: (1) to create multitranche "sovereign bond-backed securities" (SBBS), of which the senior tranche would constitute a … safe asset; (2) to create a senior, publicly owned financial intermediary that would issue a bond backed by a diversified … diversified pool of senior sovereign bonds ("multitranche national bond issuance"). Public attention (including public criticism …

The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight …

We investigate whether sovereign bond holdings of European banks are determined by a risk-return trade-off. Using data …

banks' state bond portfolio on the security- and bank-level for the time period Q4:2005-Q2:2014. Results show that home …In the context of the German regional government bond market, this paper studies the hypothesis that governments use … German banks' ownership structure, heterogeneity in the states' fiscal strength and detailed bank-level panel data on German …