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Deuda pública de Euskadi

Author

Listed:
  • Agustín Garmendia Iribar

    (Consejero Director General de Norbolsa, S.V.B., S.A. Vicepresidente Bolsa de Bilbao)

Abstract

The Autonomous Community of the Basque Country has developed an active policy of indebtment based on direct participation in the stock exchange markets. In view of this, it seems necessary to analyze what Public Debt has meant in the Basque Country over the years and to reflect on every aspect that may affect its future development. This analysis is made from the two-fold point of view of the primary and the secondary markets. From the point of view of the primary market, the description of the stock is complemented by a series of considerations on the leves of indebtment and the evolution of the financial burden. From the optic of the secondary market, the article is centres on the S.A.C. book-entry system and on the clearing service which the Basque Government has established for the Basque Public Debt. The article concluyes with some consideration on possible improvements to be introduced in the market.

Suggested Citation

  • Agustín Garmendia Iribar, 1994. "Deuda pública de Euskadi," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 29(02), pages 126-147.
    • Handle: RePEc:ekz:ekonoz:1994207
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    More about this item

    Keywords

    Productos financieros; deuda pública; mercado de valores;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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