A Financial Stability Fund as a tool for reducing interest payments on public debt

Giuseppe Vegas

BANCARIA, 2012, vol. 07, 54-63

Abstract: The creation of a Financial Stability Fund, issuing bonds secured by real and financial assets, would produce a reduction in interest payments on public debt and mitigate the link between bank and sovereign risks. Purchases of securities on the secondary market could also determine a reduction in the level and volatility of spreads

JEL-codes: F36 G21 H63 (search for similar items in EconPapers)
Date: 2012
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