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Finance and Credit
 

Problem of sovereign debts in world economy

Vol. 19, Iss. 28, JULY 2013

Available online: 29 July 2013

Subject Heading: INTERNATIONAL FINANCE

JEL Classification: 

Fedosov V.A. PhD in Economics, Associate Professor, the Department of Finance, the St. Petersburg State Economic University
vitfedosov@rambler.ru

Moldovanof A.A. PhD in Economics, Associate Professor, the Department of World Economy, the International Relations and Tourism, Service and Economy, the St. Petersburg State University
virtonir@mail.ru

In the article it is noted that the problem of sovereign debts has considerable impact on development of world economy. The state of the public debt of countries, the reasons for its growth is analyzed. The separate attention is paid to features of debt management in different regions of the world. Measures for improvement of management by a public debt, priorities of debt policy of the Russian Federation are formulated.

Keywords: public debt, budgetary policy, budget deficit, crisis, unemployment, economic growth

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

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