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Bailouts, Moral Hazard and Banks’ Home Bias for Sovereign Debt

Gaballo, Gaetano - 2017

This paper shows that an increase in banks' holdings of domestic sovereign debt decreases the ability of domestic sovereigns to successfully enact bailouts. When sovereigns finance bailouts with newly issued debt and the price of sovereign debt is sensitive to unanticipated debt issues, then...

Persistent link: https://www.econbiz.de/10012950574

Sovereign credit risk co-movements in the eurozone : simple interdependence or contagion? ; conference paper

Buchholz, Manuel; Tonzer, Lena - 2014

Since the onset of the eurozone sovereign debt crisis, credit risk spreads in Europe have diverged. Despite this …

Persistent link: https://www.econbiz.de/10010486057

An analysis of eurobonds

Beetsma, Roel; Mavromatis, Kostas - In: Journal of international money and finance 45 (2014), pp. 91-111

Persistent link: https://www.econbiz.de/10010391038

Feeling the blues : moral hazard and debt dilution in Eurobonds before 1914

Esteves, Rui Pedro; Tunçer, Ali Coşkun - 2014

Persistent link: https://www.econbiz.de/10010370380

Feeling the Blues. Moral Hazard and Debt Dilution in Eurobonds Before 1914

Esteves, Rui - 2014

Debt mutualisation through Eurobonds has been proposed as a solution to the Euro crisis. Although this proposal found … debt and promoting moral hazard by weak countries. Because Eurobonds are a new addition to the policy toolkit, there are … some tests of the issues by drawing from the closest historical parallel — five guaranteed bonds issued in Europe between …

Persistent link: https://www.econbiz.de/10013055620

Der Umbau der europäischen Währungsunion : politische Aktion und rechtliche Grenzen

Nettesheim, Martin - In: Nach der Finanzkrise : rechtliche Rahmenbedingungen …, (pp. 31-77). 2012

Persistent link: https://www.econbiz.de/10014567190

Die Eurozone zwischen Krisenmanagement und Reformanstrengungen

Schwarzer, Daniela - In: Nach der Finanzkrise : rechtliche Rahmenbedingungen …, (pp. 17-30). 2012

Persistent link: https://www.econbiz.de/10014567304

Die Folgen der Finanzkrise für die europäische Wirtschafts- und Währungsunion

Herrmann, Christoph - In: Nach der Finanzkrise : rechtliche Rahmenbedingungen …, (pp. 79-104). 2012

Persistent link: https://www.econbiz.de/10014567305

Does local and Euro area sentiment matter for sovereign debt markets? : evidence from a bailout country

Fernandes, Carla Manuela da Assunção; Gonçalves, … - In: Applied economics 48 (2016) 7/9, pp. 816-834

Persistent link: https://www.econbiz.de/10011414055

Does the European financial stability facility bail out sovereigns or banks? : an event study

Horváth, Bálint; Huizinga, Harry - In: Journal of money, credit and banking : JMCB 47 (2015) 1, pp. 177-206

Persistent link: https://www.econbiz.de/10010496932