Banks, Government Bonds, and Default : What do the Data Say? /

We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks increas...

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Bibliografiska uppgifter
Huvudupphovsman: Gennaioli, Nicola
Övriga upphovsmän: Martin, Alberto, Rossi, Stefano
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2014.
Serie:IMF Working Papers; Working Paper ; No. 2014/120
Länkar:Full text available on IMF