Managing the sovereign-bank nexus
Seiten
2019
International Monetary Fund (IMF) (Verlag)
978-1-4843-5962-4 (ISBN)
International Monetary Fund (IMF) (Verlag)
978-1-4843-5962-4 (ISBN)
Reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? What do we know about it? To what extent is it a source of concern? What is the role of policy intervention? The paper concludes with a review of recent policy proposals.
The financial health of banks and sovereigns is intertwined in a "sovereign-bank nexus" that may multiply and accelerate vulnerabilities in each sector, and lead to adverse feedback loops. Increasing resilience requires reducing the likelihood of severe stress in each sector, as well as lowering the potency of the nexus. However, designing effective reforms requires a clear understanding of the interaction between and the magnitude of the different channels that give rise to the nexus. This paper identifies these channels, assesses their empirical relevance, and discusses the policy implications of these findings
The financial health of banks and sovereigns is intertwined in a "sovereign-bank nexus" that may multiply and accelerate vulnerabilities in each sector, and lead to adverse feedback loops. Increasing resilience requires reducing the likelihood of severe stress in each sector, as well as lowering the potency of the nexus. However, designing effective reforms requires a clear understanding of the interaction between and the magnitude of the different channels that give rise to the nexus. This paper identifies these channels, assesses their empirical relevance, and discusses the policy implications of these findings
| Erscheinungsdatum | 01.03.2019 |
|---|---|
| Reihe/Serie | Departmental paper ; No. 18/16 |
| Zusatzinfo | col. figs, tables |
| Verlagsort | London |
| Sprache | englisch |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre | |
| ISBN-10 | 1-4843-5962-3 / 1484359623 |
| ISBN-13 | 978-1-4843-5962-4 / 9781484359624 |
| Zustand | Neuware |
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