英文文献：The literature on the interaction of fiscal risk and financial stability– a survey-关于财政风险和金融稳定的相互作用的文献-一项调查
英文文献作者：Victor Echevarria Icaza
英文文献摘要：
The article reviews the literature on related aspects of financial crises. First, we analyze how fiscal policy may become unsustainable, be it because of worsening fundamentals or increasing financial turmoil. We pay particular attention to the literature on the role of financial institutions and the nexus with the sovereign. This nexus may mean that sovereign stress is transferred to the banks, via holdings of sovereign debt or vice versa, on account of the implicit (or explicit) guarantee from the sovereign that banks may have. Secondly, we review the determinants of connectedness amongst financial institution and between banks sovereigns. The indicators of connectedness can help understand how systemic risk builds up. Finally, we analyze how the debate on macroprudential policy has evolved to tackle the issue of system-wide financial stress. Acknowledgements: The author is grateful to Simón Sosvilla for his comments and support.

这篇文章回顾了金融危机相关方面的文献。首先，我们分析财政政策是如何变得不可持续的，无论是由于基本面恶化还是由于金融动荡加剧。我们特别关注有关金融机构的角色和与主权的关系的文献。这种关联可能意味着，由于银行可能拥有主权国家的隐性(或显性)担保，主权压力通过持有主权债务转移到银行身上，反之亦然。其次，我们回顾了金融机构之间以及银行与主权国家之间联系的决定因素。连通性指标有助于理解系统性风险是如何形成的。最后，我们分析了关于宏观审慎政策的辩论是如何演变来解决整个系统的金融压力问题的。感谢:感谢Simon Sosvilla的评论和支持。