---
title: Central Bank Independence and Sovereign Borrowing
url: https://www.ml-quant.com/papers/repec/tcd-tcduee-tep2226/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-11-06
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:tcd:tcduee:tep2226
source_url: https://econpapers.repec.org/RePEc:tcd:tcduee:tep2226
featured: 2026-11-06
citations: unknown
topic: Risk, Credit & Banking
---


# Central Bank Independence and Sovereign Borrowing

Tighter statutory constraints on central bank lending to government reduce real borrowing costs in developing economies while raising debt-to-GDP, with effects strongest where credibility gains matter most.

- Source: https://econpapers.repec.org/RePEc:tcd:tcduee:tep2226
- Identifier: RePEc:tcd:tcduee:tep2226
- Released: 2026-11-02
- First featured: Quant Letter No. 138 (2026-11-06): https://www.ml-quant.com/issues/2026-11-06/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking
- Authors: Angelos Athanasopoulos, Nicolo Fraccaroli, Andreas Kern, Davide Romelli

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