Federal Reserve Bank of Philadelphia
Government Debt in Domestic Hands During a Crisis
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.
Cite this item
Burcu Eyigungor, "Government Debt in Domestic Hands During a Crisis"
, Federal Reserve Bank of Philadelphia, Economic Insights, volume 2, issue 3, pages 1-8, Q3 2017.
Keywords: government bonds; crises; debt market
This item with handle RePEc:fip:fedpei:00019
is also listed on EconPapers
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