By Sebastian Grund, Mikael Stenström (European Central Bank) Our new paper discusses the legal framework for sovereign debt …
Continue Reading about A Sovereign Debt Restructuring Framework for the Euro Area
Loan to Bond Substitution: An Empirical Analysis on the Functioning of the Substitution Channel for Eurozone Firms
By Francesco Ruggiero (University of Naples Federico II) This paper contributes to the literature by enhancing the understanding …