• Media type: E-Book; Conference Proceedings
  • Title: The future of sovereign borrowing in Europe
  • Contributor: Balling, Morten [Writer of introduction]; Gnan, Ernest [Writer of introduction]; Holler, Johannes [Writer of introduction]
  • Corporation: SUERF - The European Money and Finance Forum ; Österreichische Bankwissenschaftliche Gesellschaft ; Oesterreichische Nationalbank
  • Published: Vienna: SUERF - The European Money and Finance Forum, January 2014
  • Published in: SUERF - The European Money and Finance Forum: SUERF studies ; 201305
  • Extent: 1 Online-Ressource (circa 126 Seiten); Illustrationen
  • Language: English
  • Identifier:
  • RVK notation: QL 700 : Allgemeines
  • Keywords: Internationale Staatsschulden ; Länderrisiko ; Schuldenkrise ; Schuldenmanagement ; Europa ; Graue Literatur ; Konferenzschrift
  • Origination:
  • Footnote: Enthält 8 Beiträge
  • Description: In March 2013 around 130 participants from academia, banking and finance, governments and central banking gathered at the premises of the OeNB in Vienna for a conference jointly organized by the European Money and Finance Forum SUERF, the OeNB and the Austrian Society for Bank Research to discuss "The Future of Sovereign Borrowing". The financial, economic and sovereign debt crisis has fundamentally changed the rules of the game in sovereign debt markets, particularly in the euro area, but also beyond its borders. Sovereign bonds are no longer widely perceived as "risk-free" assets. Even the sovereign bonds of safe-haven countries have come under close scrutiny or lost some of their prime ratings. Yet crisis countries have seen dramatic downgrades of their sovereign debt ratings so that they face soaring risk spreads and unsustainably high financing costs (or even a loss of access to bond market financing), pushing them towards shorter financing or forcing them to rely on financial support from other countries and the international community or massive intervention by central banks.
  • Access State: Open Access