Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/106139
Authors: 
Lang, Michael
Schröder, Michael
Year of Publication: 
2014
Series/Report no.: 
ZEW Discussion Papers 14-123
Abstract: 
This paper examines the treatment of sovereign debt exposure within the Basel framework and measures the impact of bank regulation on the demand of Monetary Financial Institutions (MFI) for marketable sovereign debt. Our results suggest that bank regulation has a significant positive impact on MFI demand for domestic government securities. The results are representative for the MFI in the euro zone. They remain highly robust and significant after controlling for other influential factors and potential endogeneity.
Subjects: 
Monetary Financial Institutions
Financial sector regulation
Sovereign bond holdings
Investment incentives
JEL: 
G11
G21
G28
Document Type: 
Working Paper

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