CRISIS OF CONFIDENCE IN DEBT MARKETS

Authors

  • José Luis Miralles-Marcelo University of Extremadura, Spain
  • Julio Daza-Izquierdo University of Extremadura, Spain

Keywords:

Public Debt, Crisis of Confidence, Premium Risk, Procyclical Rating, Default Risk.

Abstract

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.

Author Biographies

  • José Luis Miralles-Marcelo, University of Extremadura, Spain
  • Julio Daza-Izquierdo, University of Extremadura, Spain

Published

12.04.2013

How to Cite

Miralles-Marcelo, J. L., & Daza-Izquierdo, J. (2013). CRISIS OF CONFIDENCE IN DEBT MARKETS. Tourism & Management Studies, 802-817. https://tmstudies.net/index.php/ectms/article/view/468

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