IDEAS home Printed from https://ideas.repec.org/a/idp/bizinf/y2013i10p342_346.html
   My bibliography  Save this article

State Debt in the Post-crisis Period: Realities and Prospects

Author

Listed:
  • Bets Oleksandr I.

    (Kyiv National Economic University named after. V. Getman)

Abstract

The goal of the article is clarification of the debt problems during the post-crisis period. Irrational debt policy based on considerations of the moment during the crisis and post-crisis periods formed risks of violation of the macro-financial stability in the country. This results in a number of negative tendencies, reduces fiscal environment and forms limitations for restoration of the state economy during the post-crisis period. Results of theoretical and empirical studies testify to the fact that the high state debt negatively influences the rates of economic growth under the influence of the following factors: de-stimulation of private investments, risks of default and financial destabilisation, increase of real interest rates, growth of vulnerability to the impact of external shocks, increase of macro-economic uncertainty and increase of default probability. It is expedient to continue the study of fiscal and budget policy and mechanisms of ensuring the debt stability of the countries with the aim to ensure restoration of economies during the post-crisis period.

Suggested Citation

  • Bets Oleksandr I., 2013. "State Debt in the Post-crisis Period: Realities and Prospects," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 10, pages 342-346.
    • Handle: RePEc:idp:bizinf:y:2013:i:10:p:342_346
    as

    Download full text from publisher

    File URL: https://www.business-inform.net/pdf/2013/10_0/342_346.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Philippe Burger & Chandapiwa Jimmy, 2006. "Should South Africa Have A Fiscal Rule?," South African Journal of Economics, Economic Society of South Africa, vol. 74(4), pages 642-669, December.
    2. Macarena García & Pablo García & Bernardita Piedrabuena, 2005. "Fiscal and Monetary Policy Rules: The Recent Chilean Experience," Working Papers Central Bank of Chile 340, Central Bank of Chile.
    3. Jeffrey Frankel & Ben Smit & Federico Sturzenegger, 2008. "South Africa: Macroeconomic challenges after a decade of success1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(4), pages 639-677, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kevin S. Nell & Maria M. De Mello, 2019. "The interdependence between the saving rate and technology across regimes: evidence from South Africa," Empirical Economics, Springer, vol. 56(1), pages 269-300, January.
    2. Jeffrey Frankel, 2011. "A Comparison Of Product Price Targeting And Other Monetary Anchor Options, For Commodity Exporters In Latin America," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2011), pages 1-70, August.
    3. Sean J. Gossel & Nicholas Biekpe, 2013. "The Cyclical Relationships Between South Africa's Net Capital Inflows and Fiscal and Monetary Policies," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(2), pages 64-83, March.
    4. Jeffrey A. Frankel, 2010. "Monetary Policy in Emerging Markets: A Survey," NBER Working Papers 16125, National Bureau of Economic Research, Inc.
    5. Konstantin Makrelov & Rob Davies & Laurence Harris, 2021. "The impact of capital flow reversal shocks in South Africa: a stock- and-flow-consistent analysis," International Review of Applied Economics, Taylor & Francis Journals, vol. 35(3-4), pages 475-501, July.
    6. Ramos Mabugu & Margaret Chitiga, 2007. "Poverty and inequality effects of a high growth scenario in South Africa: A dynamic microsimulation CGE analysis," Working Papers 04/2007, Stellenbosch University, Department of Economics.
    7. Jeffrey A. Frankel, 2010. "A Comparison of Monetary Anchor Options, Including Product Price Targeting, for Commodity-Exporters in Latin America," NBER Working Papers 16362, National Bureau of Economic Research, Inc.
    8. Carmignani, Fabrizio, 2010. "Cyclical fiscal policy in Africa," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 254-267, March.
    9. Hartmann, Dominik & Zagato, Ligia & Gala, Paulo & Pinheiro, Flavio L., 2021. "Why did some countries catch-up, while others got stuck in the middle? Stages of productive sophistication and smart industrial policies," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 1-13.
    10. Konstantin Makrelov, 2019. "Capital flow reversal and impacts through the financial sector," Occasional Bulletin of Economic Notes 9479, South African Reserve Bank.
    11. Stan Du Plessis & Ben Smit & Federico Sturzenegger, 2007. "The Cyclicality Of Monetary And Fiscal Policy In South Africa Since 1994," South African Journal of Economics, Economic Society of South Africa, vol. 75(3), pages 391-411, September.
    12. Akanbi, Olusegun Ayodele, 2013. "Macroeconomic effects of fiscal policy changes: A case of South Africa," Economic Modelling, Elsevier, vol. 35(C), pages 771-785.
    13. Chandana Kularatne & Johannes W. Fedderke & Nicola Viegi & Peter W. Howitt & Philippe Aghion, 2008. "Testing creative destruction in an opening economy: the case of the South African manufacturing industries," Working Papers 093, Economic Research Southern Africa.
    14. Isaacs, Gilad, 2014. "The myth of “neutrality” and the rhetoric of “stability”: macroeconomic policy in democratic South Africa," MPRA Paper 54426, University Library of Munich, Germany.
    15. Kevin S. Nell & Maria M. De Mello, 2015. "Testing Capital Accumulation-Driven Growth Models in a Multiple-Regime Framework: Evidence from South Africa," CEF.UP Working Papers 1501, Universidade do Porto, Faculdade de Economia do Porto.
    16. Charl Jooste & Marina Marinkov, 2012. "South Africa'S Transition To A Consolidated Budget," South African Journal of Economics, Economic Society of South Africa, vol. 80(2), pages 181-199, June.
    17. Arne Heise, 2007. "Institutions, market constellations and growth: The case of South Africa," Annals of Economics and Finance, Society for AEF, vol. 8(2), pages 313-340, November.
    18. O'Gorman, Melanie, 2010. "Racial earnings inequality in South Africa: An assessment of policy options," Journal of Policy Modeling, Elsevier, vol. 32(6), pages 703-718, November.
    19. Eugene Msizi Buthelezi & Phocenah Nyatanga, 2023. "Time-Varying Elasticity of Cyclically Adjusted Primary Balance and Effect of Fiscal Consolidation on Domestic Government Debt in South Africa," Economies, MDPI, vol. 11(5), pages 1-27, May.
    20. Drazen Derado, 2009. "Financial Integration and Financial Crisis: Croatia Approaching The EMU," Financial Theory and Practice, Institute of Public Finance, vol. 33(3), pages 299-328.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2013:i:10:p:342_346. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Khaustova Viktoriia (email available below). General contact details of provider: https://www.business-inform.net .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.