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Loans as a domestic debt of constituent units of the Russian Federation

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  • F.A.Ushakov

Abstract

A widespread practice when constituent units of the Russian Federation make loans has a great impact on the regional budget and concerns interests of all economic entities. At present there are objective conditions to diversify loans through recommencing a practice of the sub-federal bonds issue because institutional and private investors create a demand. The development of the sub-federal bonds market lowers the regional needs in financial resources, reduces a price of domestic debt, and increases the forecasting quality of financial plans. However, this long-lasting trend may cause a critical financial burden both on regional budgets and the regional financial system which is a main lender for the regional economy.

Suggested Citation

  • F.A.Ushakov, 2003. "Loans as a domestic debt of constituent units of the Russian Federation," Journal "Region: Economics and Sociology", Institute of Economics and Industrial Engineering of Siberian Branch of RAS, vol. 3.
  • Handle: RePEc:nos:regioe:2003-3_10
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    Cited by:

    1. Elena Karnoukhova & Anastasia Stepanova & Maria Kokoreva, 2018. "The Influence Of The Ownership Structure On The Performance Of Innovative Companies In The Us," HSE Working papers WP BRP 70/FE/2018, National Research University Higher School of Economics.

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