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Suggesting Some Indicators For A Better Measurement Of Public Debt Sustainability

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  • Alina-Georgeta AILINCA

    (“Victor Slavescu” Centre for Financial and Monetary Research, Romanian Academy, Romania)

Abstract

Ensuring the sustainability of public debt is anextremely important element in the context of instability and the conjecturalor structural vulnerability of the economies of the world and of our country.The article proposes a theoretical and applicative analysis on the improvementof public debt sustainability analysis tools, through a series of indicators,for countries with unrestricted access to international capital markets,starting from the framework developed by the International Monetary Fund. Theseindicators aim at completing the image of the public debt sustainabilityanalysis based on the International Monetary Fund model and implicitly theInternational Monetary Fund indicators. Without claiming to provide a perfectpicture, the proposed indicators are meant to improve the content andusefulness of the public debt sustainability analysis of countries withunrestricted access to international capital markets (including Romania) as adesirable complement to the International Monetary Fund methodology.

Suggested Citation

  • Alina-Georgeta AILINCA, 2018. "Suggesting Some Indicators For A Better Measurement Of Public Debt Sustainability," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(3), pages 213-222.
    • Handle: RePEc:brc:brccej:v:3:y:2018:i:3:p:213-222
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    More about this item

    Keywords

    public debt; sustainability; indicators; Romania;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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