The Janus-headed salvation: Sovereign and bank credit risk premia during 2008-2009

Jacob Ejsing and Wolfgang Lemke

Economics Letters, 2011, vol. 110, issue 1, 28-31

Abstract: In autumn 2008, euro area governments announced comprehensive rescue packages for banks. This induced decreasing bank and increasing government credit spreads. Moreover, the sensitivity of perceived sovereign credit quality to further crisis aggravations increased, and vice versa for banks.

Keywords: Financial; crisis; Risk; transfer; Credit; default; swaps; Sovereign; debt (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (156)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:1:p:28-31

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