This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? Wh

This paper identifies the various channels that give rise to a "sovereign-bank nexus" whereby the financial health of banks and sovereigns is intertwined. We fi

This paper explores how banking sector developments and characteristics influence the propagation of risks from the banking sector to sovereign debt, including

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? Wh

This paper updates the IMF’s work on general principles, strategies, and techniques from an operational perspective in preparing for and managing systemic ban