Corona crisis: The sovereign-bank nexus is tightening
Heike MaiGovernments in many countries are facing growing funding needs as they implement large fiscal stimulus packages to counter the severe economic downturn caused by the corona pandemic.
Governments in many countries are facing growing funding needs as they implement large fiscal stimulus packages to counter the severe economic downturn caused by the corona pandemic. Besides central banks, banks are financing more than half of the rising expenditures, which is affecting the composition of their balance sheets.
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