In this chapter the authors investigate the link between bond issuance and debt, mostly public debt. One natural question ithat rises is wheter the bond issuance is indeed related to the fiscal needs. Another is what should be the government yield curve that will allow the repayment of debt. And one more; is there an optimal amount of bondsthat can be issued so that the debt of a country is sustainable in the long run , with the information we have today? This chapter helps the reader understand whether the mix of bonds issued and the sovereign debt are linked.
Bonds and Debt
Giuseppina Chesini
2022-01-01
Abstract
In this chapter the authors investigate the link between bond issuance and debt, mostly public debt. One natural question ithat rises is wheter the bond issuance is indeed related to the fiscal needs. Another is what should be the government yield curve that will allow the repayment of debt. And one more; is there an optimal amount of bondsthat can be issued so that the debt of a country is sustainable in the long run , with the information we have today? This chapter helps the reader understand whether the mix of bonds issued and the sovereign debt are linked.
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