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Finance and Credit
 

Public Debt: Reasoning in Defence

Vol. 15, Iss. 33, SEPTEMBER 2009

Available online: 6 November 2009

Subject Heading: PUBLIC DEBT

JEL Classification: 

Ulianetsky M.M. Ph.D in Economics. Assistant of Stock Exchange and Securities Department in Russian Plekhanov Academy of Economics
ulianetsky@recomconsulting.ru

The article considers theoretical aspects of public debt influence on economy. The most popular negative attitude to public debt requires critical reexamination at the condition of the contemporary financial market. Analyses of this complicated macroeconomic phenomenon enables to find out also situations of positive influence.

Keywords: debt; burden; crowding out; bonds

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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