【摘要】 1999年欧元的正式流通对欧元区政府债务管理产生了重要影响,欧元区内汇率风险的消失为泛欧资本市场的形成创造了条件,使欧元区政府债务管理发展十分迅速。欧元区政府债务管理的新近发展,尤其是政府债务管理的研究,对政府债务管理的目标及其机构、政府债券的期限、外国债券和通胀指数联动债券等都十分重要。欧元区各国在债务管理的许多方面日益趋同,而且统一货币区的构建支持和加强了这种趋势,但这种趋同在2002年后由于欧元区财政赤字的升高而减缓。更多还原

【Abstract】 Since the introduction of Euro in 1999,the government debt management in the Euro area has been affected and developed very quickly as the disappearance of exchange rate risks within the Euro area created the conditions for a pan-European capital market.This paper reviews recent developments in the management of government debt in the Euro area,covering both theoretical and practical aspects.In particular,it focuses on key aspects of debt management,such as its objective and organization,the maturity of debt,foreign debt and inflation-indexed debt.In a word,there is a tendency towards convergence on key aspects of debt management and the introduction of the Euro has supported and strengthened trends.However,the tendency is slowing down after 2002 because of the increased government deficit.更多还原