Is Banks' Home Bias Good or Bad for Public Debt Sustainability? /

Motivated by the recent increase in domestic banks' holdings of domestic sovereign debt (i.e., home bias) in the European periphery, this paper analyzes implications of banks' home bias for the sovereign's debt sustainability. The main findings, based on a sample of advanced (AM) and...

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Bibliographic Details
Main Author: Asonuma, Tamon
Other Authors: Bakhache, Said, Hesse, Heiko
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Working Papers; Working Paper ; No. 2015/044
Online Access:Full text available on IMF