Banking on bonds: The new links between states and markets
(2015)
Journal Article
Gabor, D., & Ban, C. (2016). Banking on bonds: The new links between states and markets. Journal of Common Market Studies, 54(3), 617-635. https://doi.org/10.1111/jcms.12309
This article examines a neglected structural transformation in European finance: the growing importance of government debt as collateral for Europe's repo markets, where banks borrow cash against collateral. Seduced by the promises of repo market-dri... Read More about Banking on bonds: The new links between states and markets.