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Debt Sustainability

Author

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  • Mirela Anca Postole

    (Titu Maiorescu University)

Abstract

In the conducted research the author started form the reality according to which debt sustainability, in general terms, refers to the capacity of a state to consistently pay off its debts, internal and external, contracted as subjects of both public and private law, without impacting the growth and economic development perspectives. The main risks involved in the management of sovereign debt are analysed. The author also approaches aspects regarding the main sustainability indicators for debt, as these are the most frequently used coefficients for debt management. The results of the research point out a significant conceptual problem referring to the distinction between the reimbursement problems of the debt generated by the dramatic decrease of liquidities and those determined by insolvability. The Journal: Journal of Knowledge Management, Economics and Information Technology

Suggested Citation

  • Mirela Anca Postole, 2013. "Debt Sustainability," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 3(6), pages 1-25, December.
    • Handle: RePEc:spp:jkmeit:spi13-25
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    References listed on IDEAS

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    3. Carmen M. Reinhart, 2002. "Default, Currency Crises, and Sovereign Credit Ratings," The World Bank Economic Review, World Bank, vol. 16(2), pages 151-170, August.
    4. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, vol. 89(3), pages 473-500, June.
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    More about this item

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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