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Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine

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  • Tetiana Bogdan

Abstract

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

Suggested Citation

  • Tetiana Bogdan, 2015. "Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 1(2), pages 135-152, April.
    • Handle: RePEc:ate:journl:ajbev1i2-4
    DOI: =10.30958/ajbe.1-2-4
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