Greece and Italy initiated efforts to improve public debt management and develop their domestic debt markets respectively in the late 1970s and mid-1980s. At that time, both countries suffered from large and rapidly growing public debt, excessive reliance on short-term bills held by commercial banks, a strong preference of households to save in bank deposits, and a weak presence of institutional investors (pension funds, insurance companies, and mutual...
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INFORMATION
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2004/09/01
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Document de travail de recherche sur les politiques
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WPS3414
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1
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1
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2010/07/01
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Disclosed
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Greco-Roman lessons for public debt management and debt market development
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public debt
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