Interaction of monetary and fiscal policy from a historical perspective: Precious metals and Venetian government debt
Was monetary policy crucial for early sovereign debt sustainability? This paper analyses whether the availability of gold and silver drove Venetian government debt servicing costs in the late medieval period. We use an error correction model to describe changes in yields on perpetual bonds...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2022-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2022/1452-595X2202333B.pdf |