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  1. The sovereign-bank diabolic loop and ESBies
    Author: Brunnermeier, Markus Konrad; Garicano, Luis; Lane, Philip R.; Pagano, Marco; Reis, Ricardo; Santos, Tano; Thesmar, David; Nieuwerburgh, Stijn van; Vayanos, Dimitri
    Published: February 2016
    Publisher:  National Bureau of Economic Research, Cambridge, MA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1 (21993)
    Inter-library loan:
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Working paper series / National Bureau of Economic Research ; 21993
    Subjects: Bankenkrise; Kreditrisiko; Schuldenkrise; Eurozone; Eurobond; Portfoliodiversifikation; Theorie; EU-Staaten
    Scope: 14 Seiten, Illustrationen
    Notes:

    Erscheint auch als Online-Ausgabe

    ESB = European Safe Bonds
  2. The sovereign-bank diabolic loop and esbies
    Author: Brunnermeier, Markus Konrad; Garicano, Luis; Lane, Philip R.; Pagano, Marco; Reis, Ricardo; Santos, Tano; Thesmar, David; Nieuwerburgh, Stijn van; Vayanos, Dimitri
    Published: May 12, 2016
    Publisher:  HEC, Paris

    We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can be avoided by restricting banks' domestic sovereign exposures relative to their equity. Second, equity requirements can be... more

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    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan

     

    We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can be avoided by restricting banks' domestic sovereign exposures relative to their equity. Second, equity requirements can be lowered if banks only hold senior domestic sovereign debt. Third, such requirements shrink even further if banks only hold the senior tranche of an internationally diversified sovereign portfolio – known as ESBies in the euro-area context. Finally, ESBies generate more safe assets than domestic debt tranching alone; and, insofar as the diabolic loop is defused, the junior tranche generated by the securitization is itself risk-free

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: HEC Paris Research Paper ; no. FIN-2016-1133
    Subjects: Bankenkrise; Kreditrisiko; Schuldenkrise; Eurozone; Eurobond; Portfoliodiversifikation; Theorie; EU-Staaten
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen
  3. The sovereign-bank diabolic loop and ESBies
    Author: Brunnermeier, Markus Konrad; Garicano, Luis; Lane, Philip R.; Pagano, Marco; Reis, Ricardo; Santos, Tano; Thesmar, David; Nieuwerburgh, Stijn van; Vayanos, Dimitri
    Published: March 2016
    Publisher:  Centre for Economic Performance, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Speicherung
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CEP discussion paper ; no. 1414
    Subjects: Bankenkrise; Kreditrisiko; Schuldenkrise; Eurozone; Eurobond; Portfoliodiversifikation; Theorie; EU-Staaten
    Scope: 1 Online-Ressource (circa 17 Seiten)
    Notes:

    ESB = European Safe Bonds
  4. The soverign-bank diabolic loop and ESBies
    Author: Brunnermeier, Markus Konrad; Garicano, Luis; Lane, Philip R.; Pagano, Marco; Reis, Ricardo; Santos, Tano; Thesmar, David; Nieuwerburgh, Stijn van; Vayanos, Dimitri
    Published: 2016
    Publisher:  Centre for Economic Policy Research, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 32 (11317)
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 11317
    Subjects: Bankenkrise; Kreditrisiko; Schuldenkrise; Eurozone; Eurobond; Portfoliodiversifikation; Theorie; EU-Staaten
    Scope: 14 Seiten
    Notes:

    Erscheint auch als Online-Ausgabe

    ESB = European Safe Bonds