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Public Confidence and Debt Management : A Model and A Case Study of Italy / Alberto Alesina, Alessandro Prati, Guido Tabellini

High debt countries may face the risk of self-fulfilling debt crises. If the public expects that in the future the government will be unable to roll over the maturing debt, they may refuse to buy debt today and choose to hold foreign assets. This lack of confidence may then be self-fulfilling. This... Full description

PPN (Catalogue-ID): 104677879X
Personen: Alesina, Alberto
Prati, Alessandro
Tabellini, Guido
Cooperations/Conferences: National Bureau of Economic Research
Format: eBook eBook
Language: English
Published: Cambridge, Mass, National Bureau of Economic Research, 1989
Series: NBER working paper series (no. w3135)
Notes: October 1989
Physical Description: 1 Online-Ressource
Technische Details: Mode of access: World Wide Web.
System requirements: Adobe [Acrobat] Reader required for PDF files.

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