De Leverano, Adriano (A.A. 2012/2013) Restructuring sovereign debt through buybacks: official intervention and debt price effects. Tesi di Laurea in Macroeconomic analysis, LUISS Guido Carli, relatore Pietro Reichlin, pp. 74. [Master's Degree Thesis]

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Abstract/Index

The paper analyzes the effects on debt price of sovereign buybacks. Different ways of �nancing these restructuring operations are taken into account in a theoretical model, including official intervention through concessional or nonconcessional loans. Price effects are then tested empirically in real cases and with an econometric model. Finally, the discussion includes a discussion about an hypothetical case of debt buyback by the Italian government in order to make its debt burden more sustainable and to restore credibility on �nancial markets.

References

Bibliografia: pp. 68-71.

Thesis Type:	Master's Degree Thesis
Institution:	LUISS Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree Program in Economics and Finance (LM-56)
Chair:	Macroeconomic analysis
Thesis Supervisor:	Reichlin, Pietro
Thesis Co-Supervisor:	Benigno, Pierpaolo
Academic Year:	2012/2013
Session:	Summer
Uncontrolled Keywords:	Sovereign debt. Debt overhang. Debt price. Official intervention.
Deposited by:	Maria Teresa Nisticò
Date Deposited:	08 Nov 2013 12:43
Last Modified:	19 May 2015 23:34
URI:	https://tesi.luiss.it/id/eprint/10530

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