NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Debt Crises and Risk Sharing: The Role of Markets versus Sovereigns

Sebnem Kalemli-Ozcan, Emiliano E. Luttini, Bent Sorensen

NBER Working Paper No. 19914
Issued in February 2014

---- Acknowledgements -----

This paper is prepared for a special invited issue of the Scandinavian Journal of Economics on the European Crisis. 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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