Criteria of the State External Debt Load: Methodological Aspect.
DOI:
https://doi.org/10.29038/2411-4014-2018-01-126-134Keywords:
gross external debt, debt load, debt assessment criteria, methodological tools, loan market, lender, borrower, debt management.Abstract
The article analyzes loan capitals international markets, the level and dynamics of the external debt burden of different countries. It also considers the necessity and expediency of national economies external borrowings. The current methodology for assessing external debt level has been reviewed.
The necessity of debt burden constant monitoring both by the creditor and the borrower has been substantiated. The system of external debt private indices for the debtor, that gives objective assessment of the country’s debt burden, perspectives for external borrowings and debt obligations fulfillment have been elaborated.
The article gives an additional list of private indices for the country’s external debt assessment, they are: the ratio of the surplus product to the required; external borrowings share for the economy real sector; the amount of aggregate and external debt per employee.
References
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Spysok stran po vneshnemu dolhu. /[ List of countries for external debt.] URL: https://ru.wikipedia. org/wiki/Spysok_stran_po_vneshnemu_dolhu#cite_note-nbrb-9/ – Data dostupa: 30.11.2017 [in Russian].
Hosdolh SShA vpervыe v ystoryy prevыsyl otmetku 20 trln dollarov. [The US national debt for the first time in history exceeded the $ 20 trillion mark] URL: http://www.ntv.ru/novosti/1927162/ – Data dostupa: 25.11.2017 [in Russian].
Pochemu u malen'koho Lyuksemburha takoy ohromnыy vneshnyy dolh ~2 trln $, y pochemu nykto ne cheshet·sya po эtomu povodu? [Why does the small Luxembourg have such a huge external debt of ~ 2 trillion $, and why does no one scratch about it?] URL: https://otvet.mail.ru/question/66431646 / – Data dostupa: 23.11.2017 [in Russian].
Valovoy vneshnyy dolh Respublyky Belarus' v razreze sektorov эkonomyky y fynansovыkh ynstrumentov v sootvet·stvyy s metodycheskymy rekomendatsyyamy MVF, soderzhashchymysya v Rukovodstve po statystyke vneshneho dolha: rukovodstve dlya sostavyteley y pol'zovateley (MVF, 2013 h.) za 2017 hod [Gross external debt of the Republic of Belarus in terms of economic sectors and financial instruments in accordance with the IMF guidelines contained in the Manual on External Debt Statistics: a guidebook for compilers and users (2013, IMF) for 2017] URL: https://www.nbrb.by/statistics/ExternalDebt/Quarterly Dynamics. – Data dostupa: 20.11.2017 [in Russian].
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Peresmotrennыe Rukovodyashchye pryntsypы upravlenyya hosudarstvennыm dolhom/ [Revised Guidelines on Public Debt Management] URL: http://treasury.worldbank.org/documents/Revised Guidelines for Public Debt Management_2014_Russian.pdf/ – Data dostupa: 19.11.2017 [in Russian].
Shymanovych, H. Y. (2012) Vlyyanye vneshneho dolha na эkonomycheskoe razvytye Belarusy [Influence of external debt on the economic development of Belarus] Belorusskyy эkonomycheskyy zhurnal. - 2012. - # 2. - S. 96-106 [in Russian].
Vneshnyy dolh v Belarusy [External debt in Belarus] URL:https://myfin.by/wiki/term/vneshnij-dolg-v-belarusi]. – Data dostupa: 23.11.2017 [in Russian].
Fedosenko L. V. (2017) Obespechenye vneshney lykvydnosty stranы v kontekste zolotovalyutnoy pozytsyy. [Providing external liquidity of the country in the context of the gold and currency position] Intehratsiya Ukrayiny v yevropeys'kyy i svitovyy finansovyy prostir: zbirnyk tez KhII Mizhnarodnoyi naukovo-praktychnoyi konferentsiyi, 25–26 travnya 2017 roku / L'vivs'kyy navchal'no-naukovyy instytut DVNZ «Universytet bankivs'koyi spravy». – L'viv, 2017. – 238 s.(C 175). [in Russian].
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Published
2018-04-02
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MONEY, FINANCE AND CREDIT
How to Cite
[1]
2018. Criteria of the State External Debt Load: Methodological Aspect. Economic journal of Lesya Ukrainka Volyn National University. 1, 13 (Apr. 2018), 126–134. DOI:https://doi.org/10.29038/2411-4014-2018-01-126-134.
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