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THE INTEGRATION OF THE EUROPEAN GOVERNMENT BOND MARKETS DURING THE CRISIS

Ekonomia i Prawo. Economics and Law

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Title Statement THE INTEGRATION OF THE EUROPEAN GOVERNMENT BOND MARKETS DURING THE CRISIS
 
Added Entry - Uncontrolled Name Panfil, Przemysław; Katedra Prawa Finansowego, Wydział Prawa i Administracji, Uniwersytet Gdański
 
Summary, etc. <div><p>Since the financial crisis in Europe, the concept of the integration of the government bond market has returned. The key element of this idea is the creation of Eurobonds. They would be a single debt instrument backed by the joint and several<em> </em>guarantees of all euro-area members states. The creation of Eurobonds in current market circumstances is burdened with serious risks and may lead to the spread of the financial crisis. In particular, it may be doubted whether this instrument would have the highest rank of creditworthiness, and only an AAA rating would reduce speculations against individual countries and costs of debt refinancing.</p></div>
 
Publication, Distribution, Etc. Uniwersytet Mikołaja Kopernika w Toruniu
2012-06-30 00:00:00
 
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http://www.apcz.pl/czasopisma/index.php/EiP/article/view/EiP.2012.014
 
Data Source Entry Ekonomia i Prawo. Economics and Law; Vol 9, No 2 (2012)
 
Language Note pl
 
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