Gioacchino, Debora Di; Ginebri, Sergio; Sabani, Laura - Dipartimento di Economia e Diritto, Facoltà di Economia - 2005
This paper proposes a stylized two-period two-country OLG model illustrating the potential role played by the nationality of investors on the incentives for a government to renege on its domestic debt. The two countries belong to a Monetary Union where monetary policy is decided by the...