Disch, Wolfgang; Schleberger, Kai - In: Wirtschaftsdienst 95 (2015) 7, pp. 487-493
particularly sharp relief in the course of the financial and sovereign debt crisis. The close ties between banks and sovereigns owe … sovereign debt - which includes privileges under the capital requirements and applicable large exposure limits - needs to be … brought to an end. Sovereign debt is not a risk-free asset. Consequently, it needs to be backed by capital, and exposure to a …