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Is it is or is it Ain't my Obligation? Regional Debt in Monetary Unions

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NBER2004-01-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w10239
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资源简介:
This paper studies the implications of the circulation of interest bearing regional debt in a monetary union. Does the circulation of this debt have the same monetary implications as the printing of money by a central government? Or are the obligations of this debt simply backed by future taxation
提供机构:
美国国家经济研究局
创建时间:
2004-01-01
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