EIRP Proceedings, Vol 3 (2008)

Abstract

The international financial market is formed by ensembles of markets on which are
transacted primary instruments and derivate instruments. In this whole the international government bond
market has a central role, assuring the mobilizing of some important financial resources, on a long period.
Much more complex, the bond issuing on international market is realized by a specific and complex mechanism.
The international government bond market isn’t a new creation, the bonds issued by governments being
transacted on the international market from hundred of years. The bonds remain the main financing canal,
accessible unfortunately mostly to the developed countries, even though more and more emergent markets
became attractive to investors. The financing trough bond issuing represents the most complex and efficient way
of international financing, assuring the mobilizing and circulation of an important volume of financial
resources.