Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine

Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine

This paper investigates the macroeconomic and financial stability risks associated with foreign borrowing by corporations and banks in emerging markets; it estimates the effects of debt-creating flows for the Ukrainian economy by applying a multiple-regression analysis; and assesses the foreign debt...

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Bibliographic Details
Main Author: Tetiana Bogdan
Format: Article
Language:English
Published: Athens Institute for Education and Research 2015-04-01
Series:Athens Journal of Business & Economics
Online Access:http://www.athensjournals.gr/business/2015-1-2-4-Bogdan.pdf
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spelling doaj-9212391ad7b74434931d809ede27cc982021-01-25T14:20:18ZengAthens Institute for Education and ResearchAthens Journal of Business & Economics2241-794X2015-04-011213515210.30958/ajbe.1-2-4Debt-Creating Capital Flows and their Macroeconomic Implications in UkraineTetiana Bogdan0Chief of Section for International Financial Research, National Academy of Sciences of Ukraine, UkraineThis paper investigates the macroeconomic and financial stability risks associated with foreign borrowing by corporations and banks in emerging markets; it estimates the effects of debt-creating flows for the Ukrainian economy by applying a multiple-regression analysis; and assesses the foreign debt position from the point of view of a ‘safe’ debt level. On the basis of estimates and conclusions thereby derived, the author proposes a spectrum of capital flow management measures that may smoothen the swings in capital flows and reduce the build-up of associated vulnerabilities.http://www.athensjournals.gr/business/2015-1-2-4-Bogdan.pdf
collection DOAJ
language English
format Article
sources DOAJ
author Tetiana Bogdan
spellingShingle Tetiana Bogdan
Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
Athens Journal of Business & Economics
author_facet Tetiana Bogdan
author_sort Tetiana Bogdan
title Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
title_short Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
title_full Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
title_fullStr Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
title_full_unstemmed Debt-Creating Capital Flows and their Macroeconomic Implications in Ukraine
title_sort debt-creating capital flows and their macroeconomic implications in ukraine
publisher Athens Institute for Education and Research
series Athens Journal of Business & Economics
issn 2241-794X
publishDate 2015-04-01
description This paper investigates the macroeconomic and financial stability risks associated with foreign borrowing by corporations and banks in emerging markets; it estimates the effects of debt-creating flows for the Ukrainian economy by applying a multiple-regression analysis; and assesses the foreign debt position from the point of view of a ‘safe’ debt level. On the basis of estimates and conclusions thereby derived, the author proposes a spectrum of capital flow management measures that may smoothen the swings in capital flows and reduce the build-up of associated vulnerabilities.
url http://www.athensjournals.gr/business/2015-1-2-4-Bogdan.pdf
work_keys_str_mv AT tetianabogdan debtcreatingcapitalflowsandtheirmacroeconomicimplicationsinukraine
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