Despite the debt crisis of the period 2010–15, the Eurozone did not manage to adopt an efficient policy for reinforcing the creation of a common bond among the members-states of the union. Under these circumstances, the research aim of this manuscript is to further explore the integration level of bond markets in the EMU after the end of the 2010 debt crisis and the potential creation of a Euro Area common bond. The empirical evidence we gathered is suggestive of a significant integration degree of bond markets in the Euro Area, whereas plenty of asymmetries exist among the member-states notwithstanding. The dominant role of France, the Netherlands, Germany, Italy, Ireland and Spain on the EA bond markets were unveiled. As a matter of fact, we propose that the EMU be conditionally prepared to issue a common Eurozone bond which will safeguard the financial stability in the monetary union.

中文翻译：

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欧元区：走向欧洲共同债券？– 来自主权债务市场的经验证据

尽管在 2010-15 年期间发生了债务危机，但欧元区未能采取有效的政策来加强在欧盟成员国之间建立共同纽带。在这种情况下，本手稿的研究目的是进一步探讨 2010 年债务危机结束后 EMU 债券市场的一体化水平以及欧元区共同债券的潜在创建。我们收集的经验证据表明欧元区债券市场的整合程度很高，尽管成员国之间存在大量不对称。法国、荷兰、德国、意大利、爱尔兰和西班牙在EA债券市场上的主导地位揭晓。事实上，