IDEAS home Printed from https://ideas.repec.org/p/bre/polbrf/node_9089.html
   My bibliography  Save this paper

The rising cost of European Union borrowing and what to do about it

Author

Listed:
  • Grégory Claeys
  • Conor McCaffrey
  • Lennard Welslau

Abstract

Interest rates on the EU debt have risen substantially since 2022- what are the main drivers and implications and what to do about it?

Suggested Citation

  • Grégory Claeys & Conor McCaffrey & Lennard Welslau, 2023. "The rising cost of European Union borrowing and what to do about it," Bruegel Policy Brief node_9089, Bruegel.
    • Handle: RePEc:bre:polbrf:node_9089
    as

    Download full text from publisher

    File URL: https://www.bruegel.org/sites/default/files/2023-06/PB%2012%202023.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Guntram B. Wolff & Maria Demertzis, . "Braver, greener, fairer- Memos to the EU leadership 2019-2024," Books, Bruegel, number 31934.
    2. Grégory Claeys & Rebecca Christie & Pauline Weil, 2021. "Next Generation EU borrowing- a first assessment," Policy Contributions 45769, Bruegel.
    3. Dalla Fontana, Silvia & Holz auf der Heide, Marco & Pelizzon, Loriana & Scheicher, Martin, 2019. "The anatomy of the euro area interest rate swap market," Working Paper Series 2242, European Central Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Irene Monasterolo & Antonia Pacelli & Marco Pagano & Carmine Russo, 2024. "A European Climate Bond," CSEF Working Papers 702, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    2. Ad Riet, 2024. "The rise of common public debt in Europe: a new chapter in fiscal integration?," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 617-638, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Agnès Bénassy-Quéré & Beatrice Weder di Mauro, 2020. "European Pandemic Recovery: An Opportunity to Reboot," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 205-209, July.
    2. Sebastian Dullien & Alexander Herzog-Stein & Katja Rietzler & Silke Tober & Andrew Watt, 2022. "Transformative Weichenstellungen," IMK Report 173-2022, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Herr, Hansjörg & Nettekoven, Zeynep Mualla, 2022. "Macroeconomic effects of the Covid-19 Pandemic in Germany and the European Monetary Union and economic policy reactions," IPE Working Papers 185/2022, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    4. Christian Kubitza & Loriana Pelizzon & Mila Getmansky Sherman, 2024. "Loss Sharing in Central Clearinghouses: Winners and Losers," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 14(2), pages 237-273.
    5. Richard Arhinful & Mehrshad Radmehr, 2023. "The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange," SAGE Open, , vol. 13(4), pages 21582440231, November.
    6. Andrea Carriero & Lorenzo Ricci & Elisabetta Vangelista, 2022. "Expectations and term premia in EFSF bond yields," Working Papers 54, European Stability Mechanism.
    7. Cristiano Zazzara, 2020. "The new OTC derivatives landscape: (more) transparency, liquidity, and electronic trading," Journal of Banking Regulation, Palgrave Macmillan, vol. 21(2), pages 170-187, June.
    8. Hammad Siddiqi, 2024. "Strict certainty preference in the predictive brain: a new perspective on financial innovations and their role in the real economy," Annals of Finance, Springer, vol. 20(2), pages 277-287, June.
    9. Scheicher, Martin, 2023. "Intermediation in US and EU bond and swap markets: stylised facts, trends and impact of the coronavirus (COVID-19) crisis in March 2020," ESRB Occasional Paper Series 24, European Systemic Risk Board.
    10. Daniela Kletzan-Slamanig & Angela Köppl, 2021. "The Evolution of the Green Finance Agenda – Institutional Anchoring and a Survey-based Assessment for Austria," WIFO Working Papers 640, WIFO.
    11. Jankovics, László, 2021. "Költségvetési tanácsok az EU-ban - ölebek, vérebek vagy őrkutyák? [Fiscal councils in the EU: lapdogs, watchdogs or bloodhounds?]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 251-281.
    12. Hassan, Qusay & Nassar, Ahmed K. & Al-Jiboory, Ali Khudhair & Viktor, Patrik & Telba, Ahmad A. & Awwad, Emad Mahrous & Amjad, Ayesha & Fakhruldeen, Hassan Falah & Algburi, Sameer & Mashkoor, Saoud Cha, 2024. "Mapping Europe renewable energy landscape: Insights into solar, wind, hydro, and green hydrogen production," Technology in Society, Elsevier, vol. 77(C).
    13. repec:srk:srkwps:20240 is not listed on IDEAS
    14. Ad Riet, 2024. "The rise of common public debt in Europe: a new chapter in fiscal integration?," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 617-638, July.
    15. Grothe, Magdalena & Pancost, N. Aaron & Tompaidis, Stathis, 2023. "Collateral competition: Evidence from central counterparties," Journal of Financial Economics, Elsevier, vol. 149(3), pages 536-556.
    16. Kerssenfischer, Mark & Helmus, Caspar, 2024. "Outages in sovereign bond markets," Working Paper Series 2944, European Central Bank.
    17. Boudiaf, Ismael Alexander & Scheicher, Martin & Frieden, Immo, 2024. "The market liquidity of interest rate swaps," ESRB Working Paper Series 147, European Systemic Risk Board.
    18. Mariyana Pavlova-Banova & Asen Bozhikov & Ivan Angelov & Iskren Tairov & Aleksandrina Aleksandrova & Kristina Georgieva & Mariela Stoyanova, 2022. "Integrating Crisis Management Mechanisms In European Cohesion Policy," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 3 Year 20, pages 32-45.
    19. Nelly Popova, 2024. "Next Generation EU and Fiscal Integration in Europe," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 46-64.
    20. Pancotto, Livia & ap Gwilym, Owain & Molyneux, Philip, 2023. "Deal! Market reactions to the agreement on the EU Covid-19 recovery fund," Journal of Financial Stability, Elsevier, vol. 67(C).
    21. Zsolt Darvas & Marta Domínguez-Jiménez & Guntram B. Wolff, 2020. "From climate change to cyber attacks- Incipient financial-stability risks for the euro area," Policy Contributions 34616, Bruegel.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bre:polbrf:node_9089. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Conor Brummel (email available below). General contact details of provider: https://edirc.repec.org/data/bruegbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.