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Stefano Pietrosanti

Research Fellow, Bank of Italy

By this expert

Why do Sovereign Borrowers Post Collateral? Evidence from the 19th Century

Paper Working Paper Series | By Marc Flandreau, Stefano Pietrosanti, and Carlotta E. Schuster | Oct 2021

In the 19th Century, 鈥渉ypothecations鈥� provided investors with valuable information on sovereign fiscal resources