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    Decentramento e mercato del debito pubblico locale (Fiscal Decentralization and the Market for Local Governments' Debt) by Luciano Greco, Davide Iacovoni

    Published 2012-04-01
    “…The paper analyzes the present institutional framework, and characterizes a reform implementing a stable and efficient "market" for the Italian local governments' debt (based on three pillars: bonds, bank loans and loans by the Cassa Depositi e Prestiti) compatible with the ongoing fiscal decentralization process.     …”
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