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200 10$aGovernment debt issuance in the Euro area$b[electronic resource] $ethe impact of the financial crisis /$fMark De Broeck and Anastasia Guscina
210   $a[Washington, D.C.] $cInternational Monetary Fund$d2011
215   $a1 online resource (42 p.)
225  0$aIMF working paper ;$vWP/11/21
300   $a"January 2011"--P. [1].
311   $a1-4552-1194-X 
320   $aIncludes bibliographical references.
327   $aCover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Database and Stylized Facts; A. Database; B. Stylized Facts; 1. Changes in the Structure of Sovereign Borrowing; III. Econometric Analysis and Results; A. Determinants of Total Issuance; 2A. Determinants of Total Debt Issuance; 2B. Determinants of Total Debt Issuance-Exploring Heterogeneity; B. Determinants of Issuance Composition; 3A. Determinants of Auction Share in Total Issuance-Censored Tobit Estimation; 3B. Determinants of Auction Share in Total Issuance-Exploring Heterogeneity
327   $a4A. Determinants of DLTF Issuance-Censored Tobit Estimation4B. Determinants of DLTF Issuance-Exploring Heterogeneity; IV. Conclusion; A1. Changes in Total Debt Issuance; A2. Changes in Number of Issues; A3. Changes in Average Size of Issue; A4. Variable Definitions and Sources; Determinants of Total Debt Issuance-Estimated in Levels; References; Footnotes
330   $aThis paper documents and analyzes crisis-related changes in government debt issuance practices in the 16 euro zone countries and Denmark. Using a newly constructed database on primary market debt issuance during 2007-09, we find evidence of a shift away from pre-crisis standards of best funding practices competitive auctions of debt instruments with a fixed coupon, long maturity and local currency denomination (DLTF). Exploiting the cross-country panel data dimension of the data, we conclude that the crisis and related changes in the macroeconomic environment and investor sentiment can account
410  0$aIMF Working Papers
606   $aState bonds$zEuropean Union countries
606   $aDebts, Public$zEuropean Union countries
606   $aGlobal Financial Crisis, 2008-2009
606   $aEuro area
608   $aElectronic books.
615  0$aState bonds
615  0$aDebts, Public
615  0$aGlobal Financial Crisis, 2008-2009.
615  0$aEuro area.
700   $aBroeck$b Mark de$0967534
701   $aGuscina$b Anastasia$0871528
712 02$aInternational Monetary Fund.$bEuropean Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910451839503321
996   $aGovernment debt issuance in the Euro area$92196680
997   $aUNINA