Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine

Tetiana Bogdan

Athens Journal of Business & Economics, 2015, vol. 1, issue 2, 135-152

Abstract: This paper investigates the macroeconomic and financial stability risks associated with foreign borrowing by corporations and banks in emerging markets; it estimates the effects of debt-creating flows for the Ukrainian economy by applying a multiple-regression analysis; and assesses the foreign debt position from the point of view of a ‘safe’ debt level. On the basis of estimates and conclusions thereby derived, the author proposes a spectrum of capital flow management measures that may smoothen the swings in capital flows and reduce the build-up of associated vulnerabilities.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ate:journl:ajbev1i2-4

DOI: 10.30958/ajbe.1-2-4

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