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Sovereign Default Risk and Banks in a Monetary Union

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NBER2013-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19343
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This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank guarantees in a monetary union. I assume that banks can use sovereign bonds for repurchase agreements with a common central bank, and that their sovereign partially backs up any
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2013-08-01
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