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Sovereign risk in the euro zone and its treatment in banking regulation

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  • Santiago Fernández de Lis
  • Pilar Soler

Abstract

The crisis has brought with it a notable increase in public debt in the countries affected, especially intense in the peripheral countries of the euro zone. The Greek crisis has fuelled a debate on the treatment of debt holdings in banking regulation and its consideration as a risk-free asset.

Suggested Citation

  • Santiago Fernández de Lis & Pilar Soler, 2018. "Sovereign risk in the euro zone and its treatment in banking regulation," Working Papers 18/17, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1817
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    References listed on IDEAS

    as
    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2010. "Growth in a Time of Debt," American Economic Review, American Economic Association, vol. 100(2), pages 573-578, May.
    2. Reinhart, C. M., 2012. "The return of financial repression," Financial Stability Review, Banque de France, issue 16, pages 37-48, April.
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