NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Sovereign Default Risk and Banks in a Monetary Union

Harald Uhlig

NBER Working Paper No. 19343
Issued in August 2013

---- Acknowledgments ----

I am grateful to Thorsten Drautzburg for excellent research assistance. This research has been supported by the NSF grant SES-0922550 and by a Wim Duisenberg fellowship at the ECB. I have an ongoing consulting relationship with a Federal Reserve Bank, the Bundesbank and the ECB. The views here are entirely my own. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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