1. Cf. Willi Leibfritz, Deborah Roseveare and Paul van den Noord, Fiscal policy, Government debt and economic performance, in:OECD Working Papers, no. 33, Paris 1994.
2. Cf. Willi Leibfritz, Deborah Roseveare, Douglas Fore and Eckard Wurzel, Ageing populations, pension schemes and government budgets: How do they affect saving?, in:OECD, Economics Department Working Papers, no. 156, Paris 1995.
3. These assets include bank deposits and accounts receivable resulting from loans to the private sector, equity holdings in private firms, the value of capital stock of publicly owned companies and — depending on the institutional setting in each country — gold and foreign currency reserves. Cf.OECD Economic Outlook 58, 1996, p. A76.
4. Cf.OECD Economic Surveys, Italy 1994, p. 110.
5. Cf. European Commission (ed.), Towards greater fiscal discipline, in:European Economy 3/1994, Luxembourg 1995, p. 11 ff.