Our Economic Times: The Importance of the Bond Market

Research output: Contribution to journalArticlepeer-review

Abstract

This column was published in Savannah Morning News.


In a time when terms like "sovereign debt crisis," "fiscal cliff" and "insolvency," capture headlines around the world, the central role of credit markets in our global economy cannot be overstated. The U.S. financial crisis that began in 2007 and current European debt crisis share a strong link: National governments on an unsustainable debt path, forced to rescue and buoy a grossly overleveraged private sector, find themselves at the mercy of bond markets dictating the cost of such expenditures going forward...

Original languageAmerican English
JournalSavannah Morning News
StatePublished - Jun 27 2012

Disciplines

  • Finance and Financial Management

Keywords

  • Bond market

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