Public Debt Management and Bailouts

Public Debt Management and Bailouts
This paper addresses how public debt should be managed to reduce the cost of private sector bailouts. It uses a tax smoothing model to show that bailouts affect the timing of government deficits and surpluses as well as the composition of public debt. In general, public debt managers will have to monitor the private sector's leverage and... READ MORE...

Publication date: July 1999
ISBN 9781451852677
$15.00

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