Government bonds and their investors: What are the facts and do they matter?

Jochen Andritzky, 5 August 2012

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Prior to the start of the global crisis in late 2008, global imbalances, reserve accumulation and regulatory changes fostered greater cross-border integration of sovereign debt markets as measured by the share of government securities held by non-residents.

Topics: Global crisis, International finance
Tags: bonds, global crisis, global markets, government debt

Sovereign Default Risk and Bank Fragility in Financially Integrated Economies

Olivier Jeanne, Patrick Bolton, 25 April 2011

Vox users can download CEPR Discussion Paper 8358 for free here. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: www.cepr.org/DP8358
Topics: Financial markets, International finance, Macroeconomic policy
Tags: banking, collateral, contagion, default, Eurozone crisis, financial integration, government debt

Vote-share bonds

Hans Gersbach, 14 November 2010

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In democracy, political forces often tend to push the volume of public debt beyond socially desirable levels. This time, the amount of accumulating public debt appears to be unprecedented in peace time (Buiter and Rahbari 2010). This is most obvious in the Eurozone with its soaring public debt levels and the sovereign debt crisis.

Topics: Macroeconomic policy
Tags: government debt, public debt

Fiscal fragility: What the past may say about the future

Joshua Aizenman, Gurnain Kaur Pasricha, 7 November 2010

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The global crisis has brought to the fore the fiscal vulnerabilities of OECD countries, and in particular, some countries of the Eurozone such as Greece, Ireland, Italy, Portugal, and Spain (Baldwin et al. 2010 and Corsetti 2010).

Topics: Macroeconomic policy
Tags: Eurozone crisis, Fiscal crisis, fiscal policy, government debt

Government Debt-Threshold Contracts

Hans Gersbach, 7 September 2010

Vox users can download CEPR Discussion Paper 8001 for free here. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

Journalists are entitled to free DP downloads on request; please contact pressoffice@cepr.org. To learn more about subscribing to CEPR's Discussion Paper Series, please visit the CEPR website.

URL: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=8001.asp
Topics: Macroeconomic policy, Politics and economics
Tags: elections, government debt, macroeconomic shocks, political contracts

How politicians excited financial markets’ attack on the Eurozone

Jacopo Carmassi, Stefano Micossi, 24 June 2010

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Despite multiplying good news from the real economy, the past six months have been the most trying times for the euro – certainly the most testing since the height of the financial crisis in late 2008.

Topics: Europe's nations and regions
Tags: Eurozone crisis, Fiscal crisis, government debt

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