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pooling of debt (such as European safe bond aka. ESBies). A backstop by the central bank (such as the ECB's Transmission …
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bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign …
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bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign …
Persistent link: https://www.econbiz.de/10013063291
bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign …
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We study Irelandś inheritance of debt following its secession from the United Kingdom at the beginning of the twentieth century. Exploiting structural differences in bonds guaranteed by the UK and Irish governments, we can identify perceived uncertainty about fiscal responsibility in the...
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