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Government Securities Trade At Bucharest Securities Exchange And Their Evolution In The Context Of “Centenar” Treasury Bills Issues

Author

Listed:
  • VOICA, Marian Catalin

    (Petroleum-Gas University of Ploiesti, Ploiesti, Romania)

  • PANAIT, Mirela

    (Petroleum-Gas University of Ploiesti, Ploiesti, Romania)

Abstract

The problem of public debt took front stage after the international financial crisis, when it became obvious that countries with a high level of public debt will have problems in refinancing it. As there are many countries in the European Union (EU) that have a public debt higher than the 60% level and a few with over 100%, it may pose a problem for the future of the union. Romania, as one of the countries that has a low public debt level, uses the stock exchange to finance and refinance its public debt. We will investigate the role of the stock exchange and the trading evolution in the context of new Government decision to reinitiate the sale of treasury certificates directly to population with the issue of Centenar treasury bills.

Suggested Citation

  • VOICA, Marian Catalin & PANAIT, Mirela, 2018. "Government Securities Trade At Bucharest Securities Exchange And Their Evolution In The Context Of “Centenar” Treasury Bills Issues," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 6(1), pages 275-280, October.
    • Handle: RePEc:vls:rojfme:v:6:y:2018:i:1:p:275-280
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    References listed on IDEAS

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    1. repec:agr:journl:v:1(602):y:2015:i:1(602):p:163-194 is not listed on IDEAS
    2. repec:agr:journl:v:6(595)(supplement):y:2014:i:6(595)(supplement):p:40-56 is not listed on IDEAS
    3. Gheorghe ZAMAN, 2013. "Aspects And Trends Of Crediting The Romanian Economy In Lei And Foreign Currency During The Pre- And Post-Accession Periods," Romanian Journal of Economics, Institute of National Economy, vol. 36(1(45)), pages 5-29, June.
    4. Ciprian Antoniade Alexandru, 2011. "Dynamic development of municipal bonds on capital markets in Romania and contribution to regional development," ERSA conference papers ersa11p951, European Regional Science Association.
    5. Cornelia POP & Maria-Andrada GEORGESCU, 2015. "Romanian municipal bond market at Bucharest Stock Exchange: further investigations," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(602), S), pages 163-194, Spring.
    6. Kristina LEVISAUSKAITE & Vilija ALEKNEVICIENE & Egle ALEKNEVICIUTE, 2014. "Relationship between government bond markets in EU countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special), pages 40-56, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public debt; government securities; Bucharest Stock Exchange;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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