Sovereign external debt management in the Republic of Moldova - challenges and sollutions

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dc.contributor.authorCiobu, Stela
dc.contributor.authorIordachi, Victoria
dc.date.accessioned2020-10-27T08:45:21Z
dc.date.available2020-10-27T08:45:21Z
dc.date.issued2019
dc.descriptionBibliogr.: pp. 101-102 (10 titl.). JEL Classification: E43; F34; G12.en_EN
dc.description.abstractOne of the major international problems continues to be considered the sovereign external debt. A lot of countries use external loans when domestic savings are insufficient to finance consumption and national investment. Each state, as a debtor, is required to manage correctly and maintain the sustainability of the sovereign external debt. Excessive and inappropriate external indebtedness will generate sovereign risk, which negatively affects future economic policy. In addition, fiscal, monetary, currency and trade policies directly influence the volume of contracted loans. In order to successfully avoid the difficulties created by external debt, policies must be chosen so that key economic variables, such as interest rate, exchange rate of the national currency, international reserves to express real costs for decision-making authorities, and governments to accompany their public investment programs with efficient measures to capture budget resources and mobilize domestic and attracted savings. The scope of this work paper is to determine the sustainability of the sovereign external debt of the Republic of Moldova, the efficiency of its management and the impact on the national and world economy.en_EN
dc.identifier.citationCIOBU, Stela, IORDACHI, Victoria. Sovereign external debt management in the Republic of Moldova - challenges and sollutions. In: The Journal Contemporary Economy = Revista Economia Contemporană. 2019, vol. 4, issue 2, pp. 92-102. ISSN 2537-4222.en_EN
dc.identifier.issn2537-4222
dc.identifier.urihttps://rses.ince.md/handle/123456789/984
dc.language.isoenen_EN
dc.publisher"Constantin Brancoveanu" University of Pitestien_EN
dc.subjectsovereign external debten_EN
dc.subjectsovereign defaultsen_EN
dc.subjectreal exchange rateen_EN
dc.subjectexternal borrowingen_EN
dc.subjectinternal savingsen_EN
dc.subjectfinancial assistanceen_EN
dc.titleSovereign external debt management in the Republic of Moldova - challenges and sollutionsen_EN
dc.typeArticleen_EN

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