External Borrowing by the Baltics, Russia and Other Countries of the Former Soviet Union : Developments and Policy Issues
Many countries among the Baltics, Russia and other CIS states are increasingly borrowing on international capital markets, a development that generally reflects their success in achieving financial stabilization. In view of the low level of domestic saving and large capital requirements, recourse to foreign borrowing may of course generate significant benefits for these economies in transition. However, the rapid increase in external debt suggests that consideration also needs to be given to the risks from too high a dependence on foreign saving, including inter alia risk of the postponement of needed structural reforms
Year of publication: |
2015
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Authors: | Kapur, I. ; van der Mensbrugghe, E. |
Publisher: |
[S.l.] : SSRN |
Subject: | Internationale Staatsschulden | International sovereign debt | GUS-Staaten | CIS countries | Russland | Russia | Baltische Staaten | Baltic countries |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1997 erstellt Volltext nicht verfügbar |
Classification: | F34 - International Lending and Debt Problems ; H63 - Debt; Debt Management |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014063116
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