Public Debt Management: Theory and History
Edited by Rudiger Dornbusch and Mario Draghi

On 31 January CEPR published its latest book, based on the Centre's third joint conference with the Italian Macroeconomic Policy Group, on 'Capital Markets and Debt Management', which was held at Castelgandolfo, Italy, in June 1989. This volume will be launched at a lunchtime meeting to be addressed by Rudiger Dornbusch on 26 March, to be reported in the next issue of the Bulletin. It contains the following chapters:


`Introduction', Rudiger Dornbusch and Mario Draghi

`The Efficient Design of Public Debt', Douglas Gale

`Indexation and Maturity of Government Bonds: An Exploratory Model', Guillermo A Calvo and Pablo E Guidotti

`Public Confidence and Debt Management: A Model and a Case Study of Italy', Alberto Alesina, Alessandro Prati and Guido Tabellini

`Confidence Crises and Public Debt Management', Francesco Giavazzi and Marco Pagano

`Funding Crises in the Aftermath of World War I', Gail E Makinen and G Thomas Woodward

`The Capital Levy in Theory and Practice', Barry Eichengreen

`Episodes in the Public Debt History of the United States', Cary Brown

`The Italian National Debt Conversion of 1906', Marcello de Cecco

`Fear of Deficit Financing Is it Rational?', Marcus Miller, Robert Skidelsky and Paul Weller

`Government Domestic Debt and the Risk of Default: A Political-Economic Model of the Strategic Role of Debt', Philippe Aghion and Patrick Bolton

Public Debt Management: Theory and History edited by Rudiger Dornbusch and Mario Draghi
Published by Cambridge University Press for CEPR. ISBN 0-52139266-7, £30.00 or $54.50.
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