Prospective directions of the policy of government bonds in Ukraine

T. Vakhnenko

Economy and Forecasting, 2005, issue 1, 65-76

Abstract: The author highlights the problem of excessive foreign borrowing that increases the vulnerability of government debt position to external shocks. Making international comparisons, she reveals the distortions in the structure of budget deficit financing in Ukraine. The author points out the necessity to develop a domestic market for public borrowings and reduce the size of external borrowings that would allow to decrease the government's dependency on international markets conjuncture, to include domestic savings into the economic circulation and to minimize the exchange rate risk.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:eip:journl:y:2005:i:1:p:65-76

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