European countries with a diagnosis of financial default: expectancy and fear of its announcement in Ukraine

Konchyn, Vadym (2011): European countries with a diagnosis of financial default: expectancy and fear of its announcement in Ukraine.

Abstract

Abstract. This paper reviews the economic situation of European countries that today are in deep external debt crisis and drew close to financial default, that can be announced by the foreign creditors and investors who can not for some reason get in time or on demand their money (the principal amount provided for use funds and (or) interest on them). However, in the article the situation of Ukraine's foreign debt is considered, which significantly increased as a result of financial management of banks, business entities and due to government and central bank policies during the Orange epoch. The prospects for economic development in Ukraine are outlined in view of external debt problem after coming into power the command of the Party of Regions.

• Item Type: MPRA Paper
• Language: English
• Keywords: Key words: total external debt of country, governmental external debt, external debt of monetary authority, private external debt, international investment position, balance of payments, foreign exchange reserves, financial default, toxic assets, PIGS-countries, restrictive fiscal policy, restructuring of external debt
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets

References

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