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

Author

Listed:
  • Giuseppe Vegas

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

Suggested Citation

  • Giuseppe Vegas, 2012. "A Financial Stability Fund as a tool for reducing interest payments on public debt," BANCARIA, Bancaria Editrice, vol. 7, pages 54-63, August.
    • Handle: RePEc:ban:bancar:v:07:y:2012:m:august:p:54-63
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    File URL: http://www.bancaria.it/en/a-financial-stability-fund-as-a-tool-for-reducing-interest-payments-on-public-debt/
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    More about this item

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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