Komercyjne papiery wartościowe na rynku pieniężnym strefy euro. Analiza zmian w latach 2000–2011

• Authors: Pyka, Irena , Puszer, Blandyna

Title variants

PL

Commercial Securities on the Money Market in Eurozone. Analysis of Changes in the Period 2000–2011

Abstracts

EN

The aim of the study is to identify and evaluate the changes, which have taken place in the period of 2000–2011 on the short-term corporate debt securities market, and therefore in this segment of the money market, which mainly contributes to more effective companies’ fundraising and efficient financial capital allocation, supporting the economic growth. The study indicates that short-term commercial securities market, despite implemented institutional initiatives, remains still weakly integrated part of the money market in euro area. The global financial crisis has caused significant differentiation of credit risk on this market, which was reflected in the declining of capitalization of this segment of the money market. The reasons for the low integration in the Eurozone are not directly related to the global financial crisis. They require further overcoming the integration barriers on the institutional and legal plane, differentiating national, short-term corporate debt markets.

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2013
• Volume: 284

Dates

published

2013

Contributors

author

Pyka, Irena

author

Puszer, Blandyna

other

Uniwersytet Ekonomiczny w Katowicach, Katedra Bankowości i Rynków Finansowych

other

Uniwersytet Ekonomiczny w Katowicach, Katedra Bankowości i Rynków Finansowych

Identifiers

URI

http://hdl.handle.net/11089/10244