GOVERNMENT SECURITIES TRADE AT BUCHAREST SECURITIES EXCHANGE AND THEIR EVOLUTION IN THE CONTEXT OF “CENTENAR” TREASURY BILLS ISSUES

Marian Catalin Voica and Mirela Panait
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Marian Catalin Voica: Petroleum-Gas University of Ploiesti, Ploiesti, Romania
Mirela Panait: Petroleum-Gas University of Ploiesti, Ploiesti, Romania

Journal of Financial and Monetary Economics, 2018, vol. 6, issue 1, 275-280

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.

Keywords: public debt; government securities; Bucharest Stock Exchange (search for similar items in EconPapers)
JEL-codes: H63 H74 (search for similar items in EconPapers)
Date: 2018
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