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 bo...

Descripción completa

Detalles Bibliográficos
Autor principal: Cottarelli, Carlo
Otros Autores: Mecagni, Mauro
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 1990.
Colección:IMF Working Papers; Working Paper ; No. 1990/038
Acceso en línea:Full text available on IMF