We study the effects of the adoption of collective action clauses (CACs) on government bond yields by exploiting secondary market data on sovereign bonds quoted in international markets from March 2007 to April 2011. CACs are assessed security by security. Using a panel data approach, we find a...

We study the effects of the adoption of collective action clauses (CACs) on government bond yields by exploiting secondary market data on sovereigns quoted in international markets from March 2007 to April 2011. CACs are assessed security by security. Using a panel data approach, we find a...

Italian Abstract: L’emergenza Covid-19 ha interessato i Comuni del Mezzogiorno in una fase caratterizzata da condizioni di bilancio critiche, soprattutto per gli enti di maggiori dimensioni.Le municipalità meridionali sono caratterizzate da un lato da una forte dipendenza dai trasferimenti...

<i> Le finanze pubbliche dei nuovi Stati membri dell'Unione europea</i> (di Alfredo Bardozzetti, Sandro Momigliano) - ABSTRACT: We examine the state and structure of public finances in the ten states which joined the European Union in 2004. In terms of budget balances and debt, there are signifi- cant...