The negative feedback loop between banks and sovereigns

More than three years since the outbreak of the sovereign debt crisis in the euro area the banking systems of several countries remain exposed to the vagaries of government bond markets. The paper analyzes the different channels through which sovereign risk affects banking risk (and vice versa), presents some new evidence on bank-sovereign links, and discusses policy options for addressing the related risks.

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Year of publication:	2014-01
Authors:	Angelini, Paolo ; Grande, Giuseppe ; Panetta, Fabio
Institutions:	Banca d'Italia
Subject:	sovereign risk \| sovereign debt crisis \| global financial crisis \| banking sector risk \| bank regulation \| contagion \| credit crunch

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Extent:	application/pdf
Series:	Questioni di Economia e Finanza (Occasional Papers).
Type of publication:	Book / Working Paper
Notes:	Number 213
Classification:	E44 - Financial Markets and the Macroeconomy ; E51 - Money Supply; Credit; Money Multipliers ; E58 - Central Banks and Their Policies ; G01 - Financial Crises ; G21 - Banks; Other Depository Institutions; Mortgages ; G28 - Government Policy and Regulation ; H63 - Debt; Debt Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011100401