CRISIS OF CONFIDENCE IN DEBT MARKETS

Detalhes bibliográficos
Autor(a) principal: Miralles-Marcelo, José Luis
Data de Publicação: 2013
Outros Autores: Daza-Izquierdo, Julio
Tipo de documento: Artigo
Idioma: por
eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://tmstudies.net/index.php/ectms/article/view/468
Resumo: The aim of this study is to analyze the sources of thecurrent loss of confidence in the Spanish Public Debt Market, its economicconsequences and possible solutions for this problem. To that end, we focus ourattention on the risk premium risk, factors related to it measure, the negativerole of the rating agencies and the default risk of the financial system.Finally, we present some solutions in form of macroecomic prudential measuresthat could avoid new financial crisis.
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spelling CRISIS OF CONFIDENCE IN DEBT MARKETSCRISIS DE CONFIANZA EN LOS MERCADOS DE DEUDAPublic DebtCrisis of ConfidencePremium RiskProcyclical RatingDefault Risk.The aim of this study is to analyze the sources of thecurrent loss of confidence in the Spanish Public Debt Market, its economicconsequences and possible solutions for this problem. To that end, we focus ourattention on the risk premium risk, factors related to it measure, the negativerole of the rating agencies and the default risk of the financial system.Finally, we present some solutions in form of macroecomic prudential measuresthat could avoid new financial crisis.El objetivo de este estudio consiste en analizar las causasde la actual pérdida de confianza en el mercado de deuda pública español, susconsecuencias económicas, así como las posibles soluciones al problema. Paraello nos centramos en el concepto de prima de riesgo, los factores que influyenen su cálculo, el papel negativo de las agencias de calificación debido alcarácter procíclico de los ratings, así como de la morosidad del sistemafinanciero. Por último, presentamos soluciones en forma de medidas macroprudencialespara evitar nuevas crisis financieras.University of Algarve2013-04-12info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://tmstudies.net/index.php/ectms/article/view/468Revista Encontros Científicos - Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817Revista Encontros Científicos - Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-8172182-8466reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPporenghttps://tmstudies.net/index.php/ectms/article/view/468https://tmstudies.net/index.php/ectms/article/view/468/819https://tmstudies.net/index.php/ectms/article/view/468/820Copyright (c) 2016 Tourism & Management Studiesinfo:eu-repo/semantics/openAccessMiralles-Marcelo, José LuisDaza-Izquierdo, Julio2023-12-27T10:25:16Zoai:ojs.pkp.sfu.ca:article/468Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:56:17.176393Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv CRISIS OF CONFIDENCE IN DEBT MARKETS
CRISIS DE CONFIANZA EN LOS MERCADOS DE DEUDA
title CRISIS OF CONFIDENCE IN DEBT MARKETS
spellingShingle CRISIS OF CONFIDENCE IN DEBT MARKETS
Miralles-Marcelo, José Luis
Public Debt
Crisis of Confidence
Premium Risk
Procyclical Rating
Default Risk.
title_short CRISIS OF CONFIDENCE IN DEBT MARKETS
title_full CRISIS OF CONFIDENCE IN DEBT MARKETS
title_fullStr CRISIS OF CONFIDENCE IN DEBT MARKETS
title_full_unstemmed CRISIS OF CONFIDENCE IN DEBT MARKETS
title_sort CRISIS OF CONFIDENCE IN DEBT MARKETS
author Miralles-Marcelo, José Luis
author_facet Miralles-Marcelo, José Luis
Daza-Izquierdo, Julio
author_role author
author2 Daza-Izquierdo, Julio
author2_role author
dc.contributor.author.fl_str_mv Miralles-Marcelo, José Luis
Daza-Izquierdo, Julio
dc.subject.por.fl_str_mv Public Debt
Crisis of Confidence
Premium Risk
Procyclical Rating
Default Risk.
topic Public Debt
Crisis of Confidence
Premium Risk
Procyclical Rating
Default Risk.
description The aim of this study is to analyze the sources of thecurrent loss of confidence in the Spanish Public Debt Market, its economicconsequences and possible solutions for this problem. To that end, we focus ourattention on the risk premium risk, factors related to it measure, the negativerole of the rating agencies and the default risk of the financial system.Finally, we present some solutions in form of macroecomic prudential measuresthat could avoid new financial crisis.
publishDate 2013
dc.date.none.fl_str_mv 2013-04-12
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://tmstudies.net/index.php/ectms/article/view/468
url https://tmstudies.net/index.php/ectms/article/view/468
dc.language.iso.fl_str_mv por
eng
language por
eng
dc.relation.none.fl_str_mv https://tmstudies.net/index.php/ectms/article/view/468
https://tmstudies.net/index.php/ectms/article/view/468/819
https://tmstudies.net/index.php/ectms/article/view/468/820
dc.rights.driver.fl_str_mv Copyright (c) 2016 Tourism & Management Studies
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2016 Tourism & Management Studies
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv University of Algarve
publisher.none.fl_str_mv University of Algarve
dc.source.none.fl_str_mv Revista Encontros Científicos - Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817
Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817
Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817
Revista Encontros Científicos - Tourism & Management Studies; BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation; 802-817
2182-8466
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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