Public Debt Management: Theory and History - Rilegato

Rilegato

ISBN 10: 0521392667 ISBN 13: 9780521392662

Casa editrice: Cambridge University Press, 1990

Riassunto

As Europe proceeds towards economic and monetary union, fiscal convergence and the prospect of a common money are at the centre of discussion. This volume from the Centre for Economic Policy Research brings together theoretical, applied and historical research on the management of public debt and its implications for financial stability. Gale fills a gap in the literature, using a consistent framework to investigate the welfare economics of public debt, while Calvo and Guidotti analyse the trade-off between indexation and maturity when it comes to minimizing debt service. Confidence crises have become relevant again in view of the high debt ratios in countries such as Belgium, Italy and Ireland. Alesina, Prati and Tabellini develop a formal model of the propagation of a debt run and use it to interpret Italian debt panics. Giavazzi and Pagano concentrate on how inappropriate debt management can precipitate a run on the currency while Makinen and Woodward review a broad sweep of historical experience.

Su questo libro

Recensione:

"...a very good collection of thoughtful essays on an important policy topic. It can be recommended highly to all scholars of fiscal policy and public debt." Journal of Economic Literature

Descrizione del libro:

As Europe proceeds towards economic and monetary union, fiscal convergence and the prospect of a common money are at the centre of discussion. This volume from the Centre for Economic Policy Research brings together theoretical, applied and historical research on the management of public debt and its implications for financial stability.

Su questa edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 1990
• ISBN 10: 0521392667
• ISBN 13: 9780521392662
• Rilegatura: Copertina rigida
• Numero di pagine: 376
• Redattore: Dornbusch Rudiger, Draghi Mario