Research output: Other contribution
Research output: Other contribution
}
TY - GEN
T1 - Central bank-bought government debt is still government debt
AU - Steele, Gerald
AU - Whittaker, John
PY - 2013/6/27
Y1 - 2013/6/27
N2 - This note challenges two claims made by De Grauwe and Ji: 1) that government bonds which have been purchased by the central bank could be eliminated from the government’s debt figures; 2) that a default on Spanish government bonds owned by the ECB would not constitute a loss for Germany
AB - This note challenges two claims made by De Grauwe and Ji: 1) that government bonds which have been purchased by the central bank could be eliminated from the government’s debt figures; 2) that a default on Spanish government bonds owned by the ECB would not constitute a loss for Germany
M3 - Other contribution
ER -