The Risk Premiumon Italian Government Debt, 1976-1988

The Risk Premiumon Italian Government Debt, 1976-1988
This paper considers the behavior of the yield differential between government and nongovernment bonds in Italy between 1976 and 1988. It is shown that the trend increase of the differential observed in this period was significantly influenced by the deterioration of public finances, as reflected both by an increase in the relative supply of... READ MORE...

Publication date: April 1990
ISBN 9781451977516
$15.00

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