Supervisors info:
Νικολίνα Κωστελέτου, Αναπληρώτρια Καθηγήτρια, Τμήμα Οικονομικών Επιστημών, Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών
Summary:
In this paper, we are going to examine the government bonds, their uses, the spreads as a cost indicator of government bonds and the factors that affect them. Government bonds play an important role in seeking liquidity for states. Over time it was considered very safe. However, with the outbreak of the financial crisis, the data changed and the emergence of credit risk became more intense. Therefore, reference will be made to the risks of bonds with particular reference to credit risk. We will see how the measurements of the credit risk is measured, which factors are affected, its measurement parameters. Additionally, we will analyze the government bonds from the point of view of their participation in the portfolios of banks and their forms of management through them, as well as the risks posed to the banks.
We will take Greece as a case study, where the effects of the financial crisis were and still are intense. We will study the issue of the governmental bonds and factors that impact and increase credit risk in Greece
