Sovereign Default Risk and Bank Fragility in Financially Integrated Economies

Patrick Bolton, Olivier Jeanne

NBER Working Paper No. 16899
Issued in March 2011

---- Acknowledgements -----

Paper prepared for the 2010 IMF Annual Research Conference, November 4-5 2010. We thank our discussant, Carlos Végh, two anonymous referees, as well as Pierre-Olivier Gourinchas and Ayhan Kose for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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