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Banks, Government Bonds, and Default

2014-07-08 Business & Economics
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Release : 2014-07-08
Genre : Business & Economics
Kind : eBook
Book Rating : 990/5 ( reviews)

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Book Synopsis Banks, Government Bonds, and Default by : Nicola Gennaioli

Download or read book Banks, Government Bonds, and Default written by Nicola Gennaioli. This book was released on 2014-07-08. Available in PDF, EPUB and Kindle. Book excerpt: We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks increase their exposure to public bonds, especially large banks and when expected bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign defaults. This correlation is mostly due to bonds acquired in pre-default years. These findings shed light on alternative theories of the sovereign default-banking crisis nexus.

Managing the Sovereign-Bank Nexus

2018-09-07 Business & Economics
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Release : 2018-09-07
Genre : Business & Economics
Kind : eBook
Book Rating : 623/5 ( reviews)

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Book Synopsis Managing the Sovereign-Bank Nexus by : Mr.Giovanni Dell'Ariccia

Download or read book Managing the Sovereign-Bank Nexus written by Mr.Giovanni Dell'Ariccia. This book was released on 2018-09-07. Available in PDF, EPUB and Kindle. Book excerpt: This paper 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.

Issuing Government Bonds to Finance Bank Recapitalization and Restructuring

2003-11-01 Business & Economics
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Release : 2003-11-01
Genre : Business & Economics
Kind : eBook
Book Rating : 667/5 ( reviews)

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Book Synopsis Issuing Government Bonds to Finance Bank Recapitalization and Restructuring by : Mr.Michael Andrews

Download or read book Issuing Government Bonds to Finance Bank Recapitalization and Restructuring written by Mr.Michael Andrews. This book was released on 2003-11-01. Available in PDF, EPUB and Kindle. Book excerpt: Bonds issued by the government or government agencies are often used to finance bank restructuring following a systemic crisis. Many conflicting considerations affect the design of the bonds used to pay for public sector investment in bank equity or the purchase of distressed assets from banks. Some bond features can leave restructured banks facing significant risks, laying the foundation for future banking sector problems. Sovereign default makes publicly financed bank restructuring more difficult, but it is still possible to carry out if banks receive sufficient interest income to provide a margin over their cost of funds.

American Default

2019-09-10 Business & Economics
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Release : 2019-09-10
Genre : Business & Economics
Kind : eBook
Book Rating : 044/5 ( reviews)

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Book Synopsis American Default by : Sebastian Edwards

Download or read book American Default written by Sebastian Edwards. This book was released on 2019-09-10. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of how FDR did the unthinkable to save the American economy.

Sovereign Debt

2011-02-25 Business & Economics
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Release : 2011-02-25
Genre : Business & Economics
Kind : eBook
Book Rating : 552/5 ( reviews)

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Book Synopsis Sovereign Debt by : Rob Quail

Download or read book Sovereign Debt written by Rob Quail. This book was released on 2011-02-25. Available in PDF, EPUB and Kindle. Book excerpt: An intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt Sovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. One only needs to look at the sovereign risk pressures faced by Greece, Spain, and Ireland to get an idea of how big this problem has become. Understanding this dilemma is now more important than ever, that's why Robert Kolb has compiled Sovereign Debt. With this book as your guide, you'll gain a better perspective on the essential issues surrounding sovereign debt and default through discussions of national defaults, systemic risk, associated costs, and much more. Historical studies are also included to provide a realistic framework of reference. Contains up-to-date research and analysis on sovereign debt from today's leading practitioners and academics Details the dangers of defaults and their associated systemic risks Explores the past, present, and future of sovereign debt The repercussions of a national default are all-encompassing as global markets are intricately interwoven in the modern world. Sovereign Debt examines what it will take to overcome the challenges of this market and how you can deal with the uncertainty surrounding it.

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