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Whose (fiscal) debt is it anyway?

Maria Demertzis, David Pichler, (2019), “Whose (fiscal) debt is it anyway?”, 6 Φεβρουαρίου,  Bruegel

The authors map how much fiscal debt is in the hands of domestic and foreign holders in the euro area. While the market for debt was much more international prior to the crisis, this trend has since been reversed. At the same time, central banks have become important holders of fiscal debt.

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