IDEAS home Printed from https://ideas.repec.org/p/ptu/wpaper/o201903.html
   My bibliography  Save this paper

Sovereign exposures in the Portuguese banking system: evidence from an original dataset

Author

Listed:
  • Maria Manuel Campos
  • Ana Rita Mateus
  • Álvaro Pina

Abstract

We present an original dataset on exposures of banks operating in Portugal to the domestic public sector, and document the main dynamics of those exposures against the broader backdrop of public sector indebtedness and financing needs. Built from granular information, our dataset takes account of both bond holdings and loans, and ensures comprehensive coverage of both the banking system and public sector entities, either classified inside or outside general government. Domestic banks, unlike those mostly owned by foreigners, played a key role in financing public sector entities in the most acute stages of the sovereign debt crisis, when access to international capital markets was virtually lost. We present evidence of this role in the cases of the Treasury and of state-owned enterprises.

Suggested Citation

  • Maria Manuel Campos & Ana Rita Mateus & Álvaro Pina, 2019. "Sovereign exposures in the Portuguese banking system: evidence from an original dataset," Working Papers o201903, Banco de Portugal, Economics and Research Department.
  • Handle: RePEc:ptu:wpaper:o201903
    as

    Download full text from publisher

    File URL: https://www.bportugal.pt/sites/default/files/anexos/papers/op201903.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Maria Manuel Campos & Ana Rita Mateus & Álvaro Pina, 2019. "Sovereign exposures in the Portuguese banking system: determinants and dynamics," Working Papers w201916, Banco de Portugal, Economics and Research Department.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maria Manuel Campos & Ana Rita Mateus & Álvaro Pina, 2019. "Sovereign exposures in the Portuguese banking system: determinants and dynamics," Working Papers w201916, Banco de Portugal, Economics and Research Department.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      JEL classification:

      • G01 - Financial Economics - - General - - - Financial Crises
      • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
      • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
      • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ptu:wpaper:o201903. See general information about how to correct material in RePEc.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (DEE-NTD). General contact details of provider: https://edirc.repec.org/data/bdpgvpt.html .

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.