CRISIS DE CONFIANZA EN LOS MERCADOS DE DEUDA

José Luis Miralles-Marcelo; Julio Daza-Izquierdo

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

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Published

12.04.2013

Issue

BOOK - PROCEEDINGS TMS ALGARVE 2012: Financial Management, Accounting & Taxation

Section

Financial Management

License

The journal retains published articles’ copyrights, but they are simultaneously licensed under the Creative Commons Attribution License (CC BY-NC-ND), which allows individuals’ to share the relevant papers as long as authorship and publication in this journal are duly acknowledged.

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