Italian Treasury Credit Certificates (CCTs): theory, practice and quirks
CCTs (Italian Treasury credit certificates) were first introduced in 1977 in order to meet the need for more effective management of the public debt. The CCT was accepted in the market as a `centaur': a short-term security in its yield and risk features, but with a long maturity. However, in te...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10683 |
| _version_ | 1811172454277578752 |
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| author | M. DE FELICE F. MORICONI M.T. SALVEMINI |
| author_facet | M. DE FELICE F. MORICONI M.T. SALVEMINI |
| author_sort | M. DE FELICE |
| collection | DOAJ |
| description | CCTs (Italian Treasury credit certificates) were first introduced in 1977 in order to meet the need for more effective management of the public debt. The CCT was accepted in the market as a `centaur': a short-term security in its yield and risk features, but with a long maturity. However, in terms of techniques of financial analysis and portfolio management, the methodological approach to CCTs appears to be generally confused.
JEL: G20
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| first_indexed | 2024-04-10T17:30:21Z |
| format | Article |
| id | doaj.art-74188db5c7f5429b8041e4a9050f1ac0 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:21Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-74188db5c7f5429b8041e4a9050f1ac02023-02-03T16:46:36ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-014618510.13133/2037-3643/10683Italian Treasury Credit Certificates (CCTs): theory, practice and quirksM. DE FELICEF. MORICONIM.T. SALVEMINICCTs (Italian Treasury credit certificates) were first introduced in 1977 in order to meet the need for more effective management of the public debt. The CCT was accepted in the market as a `centaur': a short-term security in its yield and risk features, but with a long maturity. However, in terms of techniques of financial analysis and portfolio management, the methodological approach to CCTs appears to be generally confused. JEL: G20 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10683Italian treasuryfinancial analysis |
| spellingShingle | M. DE FELICE F. MORICONI M.T. SALVEMINI Italian Treasury Credit Certificates (CCTs): theory, practice and quirks PSL Quarterly Review Italian treasury financial analysis |
| title | Italian Treasury Credit Certificates (CCTs): theory, practice and quirks |
| title_full | Italian Treasury Credit Certificates (CCTs): theory, practice and quirks |
| title_fullStr | Italian Treasury Credit Certificates (CCTs): theory, practice and quirks |
| title_full_unstemmed | Italian Treasury Credit Certificates (CCTs): theory, practice and quirks |
| title_short | Italian Treasury Credit Certificates (CCTs): theory, practice and quirks |
| title_sort | italian treasury credit certificates ccts theory practice and quirks |
| topic | Italian treasury financial analysis |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10683 |
| work_keys_str_mv | AT mdefelice italiantreasurycreditcertificatescctstheorypracticeandquirks AT fmoriconi italiantreasurycreditcertificatescctstheorypracticeandquirks AT mtsalvemini italiantreasurycreditcertificatescctstheorypracticeandquirks |