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This paper uncovers two characteristics concerning cross-border bank positions for securities other than shares in the euro zone. First, the home bias for securities other than shares in the balance sheet of euro zone banks increased after the financial crisis of 2008. Second, the home bias in countries where governments face financial distress increases even further. The rise of the home bias can be explained by the theory on secondary markets of sovereign debt and information frictions. Adoi:10.25365/thesis.32052 fatcat:tgubb2eb4vdr5pq2z2xnvr2zmq