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Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper...
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The Next Generation EU (NGEU) programme is radically changing the way the European Union interacts with financial markets because of its ambitious and ground breaking new public debt programme. The European Commission has adopted a new, diversified borrowing strategy, similar to that of other...
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. Through both a comparative perspective and an explorative case study of Italy, this paper asks two research questions. Firstly …, it asks who holds government debt in Spain, France, Germany, and Italy. I focus in on Italy to provide, to the author …’s knowledge, the first highly disaggregated view of the holding structure of public debt. Secondly, for Italy I study …
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