Paper examines how sovereign debt losses hit real economy
Researcher presents unique database on eurozone sovereign debt crisis
A working paper published by the National Bank of Austria analyses whether, and how, bank exposures to sovereign debt during the European debt crisis affected the real economy.
In Bank lending and the European sovereign debt crisis, Filippo De Marco presents a dataset of bank holdings of sovereign debt from the European Banking Authority matched with firm-level data from the “Amadeus Banker” database.
From 2010 to 2012, the author finds, eurozone banks incurred mark-to-market losses which
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