Mechanisms limiting public debt’s proportions and their applicability in the European monetary union member states Cover Image

Mecanisme de limitare a proporţiilor datoriei publice şi aplicabilitatea lor în statele membre ale uniunii monetare europene
Mechanisms limiting public debt’s proportions and their applicability in the European monetary union member states

Author(s): Irina Bilan
Subject(s): Economy
Published by: Editura Eurostampa
Keywords: public debt; market discipline mechanism; rules-based mechanism; European Monetary Union

Summary/Abstract: This paper aims at highlighting the content and functioning of the mechanisms limiting public debt’s proportions, implemented through the public debt policy promoted in the contemporary economies, with direct applicability to the Member States of the European Monetary Union. The analysis reflects the possibility of using two alternative mechanisms, one based on the market discipline and the other on rules, although in practice these two are often applied simultaneously.

  • Issue Year: XV/2009
  • Issue No: 15
  • Page Range: 141-148
  • Page Count: 8
  • Language: English