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External Debt Implications On The Development Of National Economy

Author

Listed:
  • Victoria IORDACHI

    (INCE)

  • Stela CIOBU

    (Academy of Economic Studies of Moldova)

Abstract

The external debt of the Republic of Moldova is increasing constantly. Excessive external debt has been a big problem for both developing and developed countries during the years. Developing countries face this problem more often as they need to borrow to finance their objectives and strengthen the economic growth. It is very important for our country to determine the optimal level of indebtedness that the economy can bear. That is why the external debt should be contracted in strict accordance with the needs of the economy, and borrowed loans should consider the country’s reimbursement capacities to avoid the liquidity or solvency crisis. The scope of this paper is to give a prompt and correct overview of the importance of external debt management and its impact on the economic growth of the country. In the research process, the deduction, based on general theoretical information on the structure, management, external debt and indebtedness assessment, the economic influence policies were used and then passed on to practical analysis using specific indicators

Suggested Citation

  • Victoria IORDACHI & Stela CIOBU, 2019. "External Debt Implications On The Development Of National Economy," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 2, pages 32-41.
    • Handle: RePEc:nos:ycriat:353
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    File URL: https://economy-sociology.ince.md/?edmc=2957
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    References listed on IDEAS

    as
    1. Stela CIOBU & Victoria IORDACHI, 2019. "Sovereign External Debt Management In The Republic Of Moldova – Challenges And Solutions," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(2), pages 92-102.
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      Keywords

      gross external debt; Gross Domestic Product; price stability; inflation pressures; foreign currency; economic crisis.;
      All these keywords.

      JEL classification:

      • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
      • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
      • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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