{"id":783,"date":"2011-04-27T22:43:06","date_gmt":"2011-04-27T20:43:06","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=783"},"modified":"2011-05-12T22:09:04","modified_gmt":"2011-05-12T20:09:04","slug":"sovereign-default-risk-and-bank-fragility-in-financially-integrated-economies","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/sovereign-default-risk-and-bank-fragility-in-financially-integrated-economies\/","title":{"rendered":"Sovereign Default Risk and Bank Fragility in Financially Integrated Economies"},"content":{"rendered":"<p><a href=\"http:\/\/voxeu.org\/index.php?q=node\/6394\" target=\"_blank\">Bolton, Patrick<\/a>\u00a0&amp;\u00a0<a href=\"http:\/\/voxeu.org\/index.php?q=node\/436\" target=\"_blank\">Jeanne, Olivier<\/a>.<\/p>\n<p>The Eurozone crisis has thrown into relief the dangers of financial contagion. The authors of CEPR DP8358 analyze the causes and consequences of sovereign debt crises in zones with financial integration. They conclude that without fiscal integration, the supply of government debt in these areas reaches an inefficient equilibrium, with safer governments inefficiently issuing too little of their high-quality debt and riskier governments issuing too much.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae:<\/strong> CEPR<\/p>\n<p><a href=\"http:\/\/voxeu.org\/sites\/default\/files\/file\/DP8358.pdf\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bolton, Patrick\u00a0&amp;\u00a0Jeanne, Olivier. The Eurozone crisis has thrown into relief the dangers of financial contagion. The authors of CEPR DP8358 analyze the causes and consequences of sovereign debt crises in zones with financial integration. They conclude that without fiscal integration, the supply of government debt in these areas reaches an inefficient equilibrium, with safer governments [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[26,27],"class_list":["post-783","post","type-post","status-publish","format-standard","hentry","category-32","tag-26","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=783"}],"version-history":[{"count":4,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/783\/revisions"}],"predecessor-version":[{"id":1012,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/783\/revisions\/1012"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}