Banks, Sovereign Debt and the International Transmission of Business Cycles
收藏NBER2012-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18303
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This paper studies the international propagation of sovereign debt default. We posit a two-country economy where capital constrained banks grant loans to firms and invest in bonds issued by the domestic and the foreign government. The model economy is calibrated to data from Europe, with the two
本文研究主权债务违约的国际传导机制。我们构建了一个两国经济模型,其中受资本约束的银行既向企业发放贷款,也投资于本国及外国政府发行的债券。该模型经济基于欧洲数据进行校准,其中两个
提供机构:
美国国家经济研究局
创建时间:
2012-08-01



