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Federal Reserve Bank of Philadelphia
Economic Insights
Government Debt in Domestic Hands During a Crisis
Burcu Eyigungor

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.

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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.
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Keywords: government bonds; crises; debt market
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