haku: @indexterm PUBLIC FINANCE / yhteensä: 473
viite: 13 / 473
| Tekijä: | Marchesi, S. |
| Otsikko: | Buybacks of domestic debt in public debt management |
| Lehti: | European Journal of Finance
2006 : JUL, VOL. 12:5, p. 379-400 |
| Asiasana: | asymmetric information debt management public finance |
| Kieli: | eng |
| Tiivistelmä: | This paper examines how public debt buybacks can be used to reduce the costs of debt service. The model contains a government which can be of two types and there is asymmetric information between the government and the private sector. The authors argue that buybacks can be used to reduce risk premiums as the buybacks act as signals of government commitment to a previously-announced policy. |
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