Overview
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (10 chapters)
Keywords
About this book
Until not too many years ago, the Italian government bond market, though the third largest in the world in terms of size, was characterised by numerous inefficiencies and problems regarding both policy in managing the public debt and the operation of the market. These aspects tended to isolate the Italian market from the international fmancial community and to keep large, international investors away from our market. As the situation with Italy's public finances grew worse and with financial markets being deregulated and expanding internationally, several direct measures were taken in recent years to encourage an even greater recourse to the Italian government securities market and to improve it's efficiency. Innovations in techniques for issuing government bonds, the creation of an automated trading system for Italian state securities, and the launch of a futures market in Italy, too, have all been useful measures in getting the Italian market closer to international standards. The measures adopted by economic policy authorities have often been inspired by the works developed by various study groups instituted by the treasury Ministry as well as by research coming from the academic world. Likewise, many measures aimed at improving the government bond market have been realised thanks to the important contribution of the trade associations and the main financial intermediaries operating in Italy, whose studies, suggestions and proposals have been based on operating expertise built up over decades.
Editors and Affiliations
Bibliographic Information
Book Title: Bond Markets, Treasury and Debt Management
Book Subtitle: The Italian case
Editors: V. Conti, R. Hamaui, H. M. Scobie
DOI: https://doi.org/10.1007/978-94-011-1208-6
Publisher: Springer Dordrecht
-
eBook Packages: Springer Book Archive
Copyright Information: Chapman & Hall 1994
Hardcover ISBN: 978-0-412-59740-4Published: 31 May 1994
Softcover ISBN: 978-94-010-4529-2Published: 28 September 2012
eBook ISBN: 978-94-011-1208-6Published: 06 December 2012
Edition Number: 1
Number of Pages: X, 246