Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis / prepared by Gustavo Adler.
Large fiscal financing needs, both in advanced and emerging market economies, have often been met by borrowing heavily from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure to sovereign risk created a fragile inter-dependence betwe...
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Format: | eBook |
Language: | English |
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[Washington, D.C.] :
International Monetary Fund,
©2012.
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Series: | IMF working paper ;
WP/12/178. |
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HG3881.5.I58 W67 No. 12/178eb
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HG3881.5.I58 W67 No. 12/178eb | Available |