Le futur de l'emprunt souverain dans un paysage bancaire européen en évolution: moteurs, liens et rétroactions

Hans Blommestein ()

Revue d'économie financière, 2013, vol. N° 111, issue 3, 63-82

Abstract: The changing landscape for European banks influences the future of sovereign borrowing and vice versa. The fates of banks and sovereigns are intertwined, including by toxic feed-back loops between them. The study suggests considering four policy principles or guidelines to weaken the toxic feed-back links between failing financial institutions and sovereigns. The implied efforts to reduce the impact of these adverse feed-back loops are therefore additional drivers of the changing landscape for banks and sovereigns in Europe. Sovereigns also need to address the challenges associated with the reduced role and (capital) commitment of primary dealer banks in both primary and secondary markets for government debt. Classification JEL: E44, E58, E62, F34, G01, G21, G28, H63.

JEL-codes: E44 E58 E62 F34 G01 G21 G28 H63 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_111_0063 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2013-3-page-63.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_111_0063

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().