An analysis of euro area bond maturities and simulation of the introduction of new CACs

Frederik Eidam ()

No 11/2016, Working Papers from German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung

Abstract: This paper studies the maturity structure of sovereign debt in the euro area and the penetration of the sovereign debt stock with a new type of collective action clauses (CACs), labeled Creditor Participation Clauses (CPCs). The first section describes the data. The simulation assumptions for the penetration of the sovereign debt stock with newly issued CPC bonds are described in section two. Section three presents the simulation results.

Date: 2016
New Economics Papers: this item is included in nep-cmp and nep-eec
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:svrwwp:112016

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