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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Hlavní autor:	Božović Miloš
Médium:	Artigo
Jazyk:	Inglês
Vydáno:	Economists' Association of Vojvodina 2022-01-01
Edice:	Panoeconomicus
Témata:	venetian prestiti sovereign debt gold and silver late medieval mines ottoman-venetian conflict
On-line přístup:	http://www.doiserbia.nb.rs/img/doi/1452-595X/2022/1452-595X2202333B.pdf
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