PUBLIC FINANCE MANAGEMENT

BAZYLJUK Yaroslava B.¹

¹State Educational and Research Organization “Academy of Financial Management”

International debt relations as a factor of global financial instability

Key approaches to the issue of the government debt accumulation and mechanisms to decline it in the international sovereign finance sector are examined. Features of modern international finance relations are examined. Outpacing debt accumulation by the international sovereign sector relatively to other sectors is proved. Current international arrangements for research and prevention of the financial crises and the prospects of reduction of their negative influence on financial sector of Ukraine are analyzed.

Keywords:public debt, budget deficit, the global financial crisis, financial repressions, government debt securities.

JEL: F34, H62, H63, G01, G11, G15, G18.

BAZYLJUK Y. B. International debt relations as a factor of global financial instability / Y. B. BAZYLJUK // Фінанси України. - 2013. - № 1. - C. 47-57.