Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine

This paper investigates the macroeconomic and financial stability risks associated with foreign borrowing by corporations and banks in emerging markets. The paper 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.

www.athensjournals.gr/business/2015-1-2-4-Bogdan.pdf

 

Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
© Оптіма. Експертно-аналітичний центр. При використанні матеріалів Експертно-аналітичного Центру "Оптіма", посилання на цей сайт обов'язкове
Створення сайту -WebLux

Запит на консультації