Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis

Intertwined sovereign and bank solvencies in a model of self-fulfilling crisis /

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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Bibliographic Details
Main Author: Adler, Gustavo, 1974- (Author)
Corporate Author: International Monetary Fund. Western Hemisphere Department
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2012.
Series:IMF working paper ; WP/12/178.
Subjects:
Banks and banking > Econometric models.
Bank loans > Econometric models.
Financial crises > Econometric models.
Risk > Econometric models.
Debts, Public > Econometric models.
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