Journal Article

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.

Keywords: debt market; crises; government bonds;

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Bibliographic Information

Provider: Federal Reserve Bank of Philadelphia

Part of Series: Economic Insights

Publication Date: 2017-07

Volume: 2

Issue: 3

Pages: 1-8