Series: IMF Working Papers
Author(s): Tamon Asonuma , Said Bakhache , and Heiko Hesse
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 February 2015
Keywords: Home Bias, Government Bond Yields, Primary Balance, Sovereign-bank Nexus, debt, public debt, bond, sovereign debt, market, Deficit,
Motivated by the recent increase in domestic banks' holdings of domestic sovereign debt (i.e., home bias) in the European periphery, this paper analyzes implications of banks' home bias for the sovereign's debt sus...