Government Debt in Domestic Hands During a Crisis
Abstract: When banks load up on their government?s bonds, lending to firms and households can get crowded out. But when the sovereign debt market is in turmoil, such concentrations may play a surprising role.
File(s): File format is application/pdf https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2017/q3/eiq3_government-debt.pdf
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Economic Insights
Publication Date: 2017-07