 | Banks, Government Bonds, and Default: What do the Data Say? Author/Editor: Nicola Gennaioli, Alberto Martin, Stefano Rossi. Release Date:July, 2014 We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their more...
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