Informazioni personali

The Money and Finance Research (Mo.Fi.R.) group was established in 2007 on the initiative of Pietro Alessandrini, Michele Fratianni and Alberto Zazzaro. The aim of the group is investigating, from both the empirical and theoretical points of view, the evolution of the financial system as the collection of financial institutions, intermediaries and markets and understanding the real consequences of that evolution for the development of the economic system at the regional, national and international levels. This mission is fulfilled through a variety of activities, including sponsored research, seminars, conferences carried out by a bulk of economists from the Department of Economics of the Università Politecnica delle Marche in cooperation with researchers from other universities, post-doc research fellows, PhD students and graduate students.

venerdì 19 novembre 2010

Cancellazione del debito e debito domestico

Su VoxEU, una discussione sui rischi dell'aumento del ricorso all'indebitamento domestico nei paesi poveri che hanno beneficiato della cancellazione del debito coordinata dalla Banca Monddiale e dal Fondo Monetario Internazionale:

External debt relief but increasing domestic debt
The global crisis and expansionary government reactions that followed revived the attention of policymakers and academics on the adverse effects of large public debt. This column examines the case of Heavily Indebted Poor Countries. It argues that a focus on the consequences of external debt is outdated as the share of domestic debt in total public debt in increased from 11% to 37% from 1991 to 2008. A new framework to deal with total public debt is now required to take into account domestic interest payments.
di Andrea Presbitero

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