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Characteristics And Costs Of Public Debt In European Union Countries

Author

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  • DRAGOI, Catalin

    (Centre for Financial and Monetary Research "Victor Slavescu", N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

Prudent and efficient management of government public debt by setting its characteristics in terms of maturity, repayment schedule, currency allocation or exposure to interest rate risk is important both in terms of ensuring budgetary stability and sustainability due to government, and for ensuring a stable macroeconomic framework. The paper aims to analyze the structure of public debt in European Union countries to create a profile of them but also the analysis of external borrowing costs in order to formulate favorable recommendations for the management of public debt of our country.

Suggested Citation

  • DRAGOI, Catalin, 2021. "Characteristics And Costs Of Public Debt In European Union Countries," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 9(1), pages 90-101, October.
    • Handle: RePEc:vls:rojfme:v:9:y:2021:i:1:p:90-101
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    References listed on IDEAS

    as
    1. Atish R. Ghosh & Jun I. Kim & Enrique G. Mendoza & Jonathan D. Ostry & Mahvash S. Qureshi, 2013. "Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies," Economic Journal, Royal Economic Society, vol. 0, pages 4-30, February.
    2. Carmen M. Reinhart & Kenneth S. Rogoff, 2014. "A Decade of Debt," Central Banking, Analysis, and Economic Policies Book Series, in: Miguel Fuentes D. & Claudio E. Raddatz & Carmen M. Reinhart (ed.),Capital Mobility and Monetary Policy, edition 1, volume 18, chapter 4, pages 97-135, Central Bank of Chile.
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    More about this item

    Keywords

    public debt; external debt;

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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