全球智库信息集成服务系统(G2TT): Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21843
来源ID	Working Paper 21843
	Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
	Emmanuel Farhi; Jean Tirole
发表日期	2016-01-11
出版年	2016
语种	英语
摘要	The recent unravelling of the Eurozone's financial integration raised concerns about feedback loops between sovereign and banking insolvency. This paper provides a theory of the feedback loop that allows for both domestic bailouts of the banking system and sovereign debt forgiveness by international creditors or solidarity by other countries. Our theory has important implications for the re-nationalization of sovereign debt, macroprudential regulation, and the rationale for banking unions.
主题	Macroeconomics ; International Economics ; International Finance ; Globalization and International Relations ; Financial Economics ; Financial Institutions ; Public Economics ; National Fiscal Issues
URL	https://www.nber.org/papers/w21843
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/579517
推荐引用方式 GB/T 7714	Emmanuel Farhi,Jean Tirole. Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops. 2016.