On the Problem of External Debt Growth in the Context of Globalization of the World Economy

Igor A. Balyuk ()
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Igor A. Balyuk: Financial University under the Government of the Russian Federation, Moscow 125993, Russia

Finansovyj žhurnal — Financial Journal, 2016, issue 5, 75-81

Abstract: Globalization of the world economy and finance has led to increasing of funds raised in the international debt market and strengthened its part in the system of world finance. The article examines the problem of the external debts growth of different countries, dynamics and modern structure of the global external debts and efforts made by the international institutions and national regulators in order to tighten control over operations in the international debt market. The author comes to conclusion that an aggravation of the problem of external debts globalization hampers the restoration of stability and sustainable growth of the modern world economy. In this respect, in the coming future the international financial institutions and national organizations regulating domestic financial markets will strengthen control over raising funds abroad.

Keywords: growth of external debts; international debt market; issuing and non-issuing debt instruments; regulation of external debt; external debt of Russia (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:160507:p:75-81

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