Should Italy Sell Its Nonfinancial Assets to Reduce the Debt?

Business & Finance, Economics, Money & Monetary Policy, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Should Italy Sell Its Nonfinancial Assets to Reduce the Debt? by Stefania Ms. Fabrizio, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Stefania Ms. Fabrizio ISBN: 9781455218370
Publisher: INTERNATIONAL MONETARY FUND Publication: May 1, 2008
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Stefania Ms. Fabrizio
ISBN: 9781455218370
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 1, 2008
Imprint: INTERNATIONAL MONETARY FUND
Language: English

This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although selling public assets has some merit if done to make more productive use of them, practical complications abound. Moreover, such sales might weaken underlying fiscal discipline. Other heavily indebted countries have reduced their debt much more than Italy without heavy recourse to extraordinary sales. In this context, the case of Belgium is of particular interest. Weighing the trade-offs, if properly and transparently done, the sale of public assets can complement, to a limited extent, fiscal consolidation, but should not be considered as an alternative to it.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This paper assesses the proposal, publicly debated in recent years in Italy, to reduce public debt by selling public assets, especially nonfinancial tangible assets. The main findings indicate that, although selling public assets has some merit if done to make more productive use of them, practical complications abound. Moreover, such sales might weaken underlying fiscal discipline. Other heavily indebted countries have reduced their debt much more than Italy without heavy recourse to extraordinary sales. In this context, the case of Belgium is of particular interest. Weighing the trade-offs, if properly and transparently done, the sale of public assets can complement, to a limited extent, fiscal consolidation, but should not be considered as an alternative to it.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Fiscal Policy to Mitigate Climate Change: A Guide for Policymakers by Stefania Ms. Fabrizio
Cover of the book Finance & Development, June 1987 by Stefania Ms. Fabrizio
Cover of the book Operational Risk Management and Business Continuity Planning for Modern State Treasuries by Stefania Ms. Fabrizio
Cover of the book The Mongolian People's Republic: Toward a Market Economy by Stefania Ms. Fabrizio
Cover of the book Finance & Development, June 1994 by Stefania Ms. Fabrizio
Cover of the book Producer Price Index Manual: Theory and Practice by Stefania Ms. Fabrizio
Cover of the book Finance & Development, December 1993 by Stefania Ms. Fabrizio
Cover of the book The General Data Dissemination System: Guide for Participants and Users by Stefania Ms. Fabrizio
Cover of the book The IMF in a Changing World, 1945-85 by Stefania Ms. Fabrizio
Cover of the book Nigeria: Experience with Structural Adjustment by Stefania Ms. Fabrizio
Cover of the book Promoting Fiscal Discipline by Stefania Ms. Fabrizio
Cover of the book The ESAF at Ten Years: Economic Adjustment and Reform in Low-Income Countries by Stefania Ms. Fabrizio
Cover of the book Finance & Development, September 1990 by Stefania Ms. Fabrizio
Cover of the book Legal Effects of Fluctuating Exchange Rates by Stefania Ms. Fabrizio
Cover of the book Finance & Development, December 2000 by Stefania Ms. Fabrizio
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy