Stopień integracji polskiego rynku obligacji skarbowych z rynkiem obligacji skarbowych w obszarze euro

• Autorzy: Sławomir I. Bukowski

Warianty tytułu

Dergee of Integration between Polish Treasury Bonds Market and Treasury Bonds Market in the Euro Ares

• Języki publikacji: PL

Abstrakty

Celem artykułu jest zbadanie stopnia integracji polskiego rynku obligacji skarbowych z rynkiem obligacji skarbowych w obszarze euro. (fragment tekstu)

EN

International integration of financial markets is one of the important conditions of favour-able monetary integration. Treasury bond market is one of the financial market segments. Polish membership in the European Union and liberalization of capital movement were important factors of the Polish treasury bond market development. General government deficits and public debt in the EU countries and also in Poland have madę this market develop. The aim of this paper is to examine the degree of Polish treasury bond market integration with treasury bond market in the euro area. An analysis of integration of both treasury bond markets based on the beta-convergence model and sigma-convergence model showed a decrease in the degree of integration in the period of 2004-2007 and an increase in the said degree in the period of 2008-2009. (original abstract)

Słowa kluczowe

PL

Obligacje skarbowe; Rynek obligacji; Strefa euro

EN

Treasury bond; Bond market; Eurozone

• Czasopismo: Zeszyty Naukowe / Uniwersytet Ekonomiczny w Poznaniu
• Rocznik: 2010
• Numer: nr 143
• Strony: 102--114

Twórcy

autor

Sławomir I. Bukowski

• Politechnika Radomska im. Kazimierza Pułaskiego

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