Comment on “Systemic sovereign credit risk: Lessons from the U.S. and Europe” by Ang and Longstaff
Is the source of systemic sovereign credit risk the economic linkages among sovereigns that expose them to the common macroeconomic shocks, or is it the financial linkages that spread and amplify shocks originated from one sovereign to the others? This question is of tremendous importance for econom...
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| Format: | Article |
| Language: | en_US |
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Elsevier
2017
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| Online Access: | http://hdl.handle.net/1721.1/111153 https://orcid.org/0000-0001-9605-641X |