| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP720 |
| DP720 Understanding the High Interest Rates on Italian Government Securities | |
| Alberto Giovannini; Gustavo Piga | |
| 发表日期 | 1992-10-03 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper discusses several determinants of the differential between yields on Italian government securities and yields on foreign government securities. We concentrate on expectations of (at least partial) insolvency, tax factors and exchange rate expectations. The evidence suggests that most of the differential between the cost of Italian debt and the cost of foreign (for example, German) debt is due to exchange rate expectations. |
| 主题 | International Macroeconomics |
| 关键词 | Exchange-rate expectations Italian debt Public debt Risk-premium Witholding tax |
| URL | https://cepr.org/publications/dp720 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529873 |
| 推荐引用方式 GB/T 7714 | Alberto Giovannini,Gustavo Piga. DP720 Understanding the High Interest Rates on Italian Government Securities. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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