Central bank-bought government debt is still government debt

Steele, Gerald and Whittaker, John (2013) Central bank-bought government debt is still government debt. UNSPECIFIED.

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Abstract

This note challenges two claims made by De Grauwe and Ji: 1) that government bonds which have been purchased by the central bank could be eliminated from the government’s debt figures; 2) that a default on Spanish government bonds owned by the ECB would not constitute a loss for Germany

Item Type:
Other
ID Code:
65594
Deposited By:
Deposited On:
08 Jul 2013 08:08
Refereed?:
No
Published?:
Published
Last Modified:
12 Apr 2020 06:41