The Impact of Standardised fiscal rules index on the Yield on Ten-Year Government Bonds in the Visegrád Group Countries in 2005–2016

Postuła Marta (), Klepacki Jarosław () and Alińska Agnieszka ()
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Postuła Marta: University of Warsaw
Klepacki Jarosław: University of Social Sciences
Alińska Agnieszka: Warsaw School of Economics

Journal of Management and Business Administration. Central Europe, 2018, vol. 26, issue 3, 49-70

Abstract: Purpose: The article analyzes the possible methods of public debt management, which not only aim to meet regulatory requirements but also obtain a market premium in the form of an optimal level of the yield on government bond yields that will be profitable for the issuer. The study analyzes the situation in the public finance sector in the countries that form the Visegrád Group (V4). The authors evaluate the main regulatory requirements of EU law in the area of numerical fiscal rules and their impact on the yield on basic securities such as ten-year government bonds, which directly influences the cost of servicing long-term public debt.

Keywords: yield on bonds; fiscal rule index; public debt (search for similar items in EconPapers)
JEL-codes: H3 H62 H63 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:jmbace:v:26:y:2018:i:3:p:49-70:n:6

DOI: 10.7206/jmba.ce.2450-7814.325

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