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

Author

Listed:
  • Postuła Marta

    (University of Warsaw)

  • Klepacki Jarosław

    (University of Social Sciences)

  • Alińska Agnieszka

    (Warsaw School of Economics)

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.

Suggested Citation

  • Postuła Marta & Klepacki Jarosław & Alińska Agnieszka, 2018. "The Impact of Standardised fiscal rules index on the Yield on Ten-Year Government Bonds in the Visegrád Group Countries in 2005–2016," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 26(3), pages 49-70, September.
    • Handle: 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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    References listed on IDEAS

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    More about this item

    Keywords

    yield on bonds; fiscal rule index; public debt;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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