Noi criterii în tipologia valorilor mobiliare

Abstract

Governments throughout development history have always faced with the need to finance the budget deficit or different financial projects. Each country tends to obtain financial sources at minimum costs. Several developing and emerging countries have adopted aggressive policies aimed at replacing external public debt with domestic debt by issuing government securities. Starting from the role and importance of government securities, it is necessary to issue such debt securities, in order to correspond to the needs of both the issuer and the investor, but last but not least with the purpose of using the accumulated funds. The object of research is the characteristics of government securities. The purpose of this paper is to research and analyse the complex typology of debt securities in order to revise it by omitting the inefficient and introducing those that have a major importance in the economic development of the state. The research methods used are based on deduction analysis and synthesis, as well as the comparison method. The results obtained show the importance of issuance a new type of debt securities, which correspond with the current needs, in order to achieve the intended purpose.