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International Legal and Financial Conditions of Implementation by the States of Conversion of External Debts

Author

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  • Galina V. Petrova

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

In article features of modern international legal regulation of conversion of debts, including with use of financial instruments. International legal and financial mechanisms of implementation are analysed by the states of conversion of external debts. The conclusion is drawn, that it is expedient to use such mechanisms in debt strategy of Russia as it is directed on improvement of position of the state borrower and providing more favorable conditions for the state creditor on repayment of external debts.

Suggested Citation

  • Galina V. Petrova, 2013. "International Legal and Financial Conditions of Implementation by the States of Conversion of External Debts," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 115-122, June.
    • Handle: RePEc:fru:finjrn:130212:p:115-122
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