Cornand, Camille; Gandré, Pauline; Gimet, Céline - HAL - 2014
One of the most striking consequences of the recent episode of sovereign debt market stress in the Eurozone has been … 2012. Home bias in sovereign debt responds positively to fundamentals and expectations shocks but we find no evidence that … second-generation model of crisis with endogenous home bias in sovereign debt. We derive conditions under which a higher home …