An analysis of euro area bond maturities and simulation of the introduction of new CACs

This paper studies the maturity structure of sovereign debt in the euro area and the penetration of the sovereign debt stock with a new type of collective action clauses (CACs), labeled Creditor Participation Clauses (CPCs). The first section describes the data. The simulation assumptions for the penetration of the sovereign debt stock with newly issued CPC bonds are described in section two. Section three presents the simulation results.

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Year of publication:	2016
Authors:	Eidam, Frederik
Publisher:	Wiesbaden : Sachverständigenrat zur Begutachtung der Gesamtwirtschaftlichen Entwicklung
Subject:	Öffentliche Anleihe \| Fälligkeit \| Eurozone

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Series:	Arbeitspapier ; 11/2016
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	872410196 [GVK] hdl:10419/147979 [Handle] RePEc:zbw:svrwwp:112016 [RePEc]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011559992