Discussion Paper
Avoiding Sovereign Default Contagion: A Normative Analysis
Abstract: Sovereign debt crises happen in waves, spreading from one country to the other. The euro-area debt crisis of 2011-12 is a good example of that. Stress in the sovereign debt market quickly spread from Greece and Ireland to Portugal, Spain, and Italy.
https://doi.org/10.17016/2380-7172.2600
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2020-09-21
Number: 2020-09-21