Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty
AbstractThis paper studies the interaction of government debt and interbank markets. Both markets are known to be fragile: excessively responsive to fundamentals and prone to strategic uncertainty. The goal is to understand the channels that link these markets and to evaluate policy measures for their stability.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 19278.
Date of creation: Aug 2013
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Find related papers by JEL classification:
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
- H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-09-26 (All new papers)
- NEP-CSE-2013-09-26 (Economics of Strategic Management)
- NEP-MAC-2013-09-26 (Macroeconomics)
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