Abstract
2 See, e.g., International Monetary Fund, Global Financial Stability Report: Meeting New Challenges to Stability and Building a Safer System, xi (Apr. 2010) (“A key concern is that room for policy maneuvers in many advanced economies has either been exhausted or become much more limited. Moreover, sovereign risks in advanced economies could undermine financial stability gains and extend the crisis. The rapid increase in public debt and deterioration of fiscal balance sheets could be transmitted back to banking systems or across borders.”)