Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty
收藏NBER2013-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19278
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资源简介：
This paper studies the interaction of government debt and financial markets. Both markets are fragile: excessively responsive to fundamentals and prone to strategic uncertainty. This interaction, termed a diabolic loop, is driven by government choice to bail out banks and the resulting incentives
提供机构：
美国国家经济研究局
创建时间：
2013-08-01
