Debt management poses greater refinancing risks: Netherlands Bank
Research from the Netherlands Bank published in December says the rise in short-term debt in debt markets poses significant risks to financial stability and monetary policy.
Lex Hoogduin, Bahar Öztürk and Peter Wierts, the paper's authors, investigate the evolution of public debt management in the euro area during the onset of the economic crisis and the impact of debt management on financial stability and monetary policy.
The results indicate that the share of short-term debt has been
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