Arbeitspapier
Managing the sovereign-bank nexus
This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of banks and sovereigns is intertwined. We find that banks and sovereigns are linked by three interacting channels: banks hold large amounts of sovereign debt; banks are protected by government guarantees; and the health of banks and governments affect and is affected by economic activity. Evidence suggests that all three channels are relevant. The paper concludes with a discussion of the policy implications of these findings.
- ISBN
-
978-92-899-3282-3
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 2177
- Klassifikation
-
Wirtschaft
Fiscal Policy
International Lending and Debt Problems
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
fiscal policy
sovereign risk
financial stability
financial crisis
sovereign-bank nexus
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dell'Ariccia, Giovanni
Ferreira, Caio
Jenkinson, Nigel
Laeven, Luc
Martin, Alberto
Minoiu, Camelia
Popov, Alexander
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2018
- DOI
-
doi:10.2866/467366
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dell'Ariccia, Giovanni
- Ferreira, Caio
- Jenkinson, Nigel
- Laeven, Luc
- Martin, Alberto
- Minoiu, Camelia
- Popov, Alexander
- European Central Bank (ECB)
Entstanden
- 2018
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