Private infrastructure investment is often viewed as providing an alternative financing method given a revenue stream … from a transportation facility rather than providing additional revenue. However, private investment in the form of upfront … Norway to preserve wealth originating from natural resources. Following Alaska, we propose that investment income from the …

Recent macro developments in the euro area have highlighted the interactions between fiscal policy, sovereign debt, and … with recent research, but introduce asset choice and sovereign debt holdings in the portfolio of banks. Using this model … sovereign debt under a leverage constraint. Our results show that, when banks invest a substantial fraction of their assets in …