Record Details

THE PECULIARITIES OF CONTEMPORARY MANAGEMENT OF FOREIGN DEBT IN A SMALL OPEN ECONOMY

Economics and Management

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Field Value
 
Title THE PECULIARITIES OF CONTEMPORARY MANAGEMENT OF FOREIGN DEBT IN A SMALL OPEN ECONOMY
 
Creator Snieska, Vytautas; Kaunas University of Technology
Draksaite, Aura; Kaunas University of Technology
Zaburaite, Donvina; Kaunas University of Technology
 
Subject foreign debt; small open economy; debt management; contemporary debt management
 
Description Raising foreign funds by borrowing is one of the ways to get the necessary amount of money for the country’s needs. As borrowing can be considered as getting indebted, countries with small open economies should be particularly cautious of ways to mitigate probable increase of the foreign debt in case of unfavourable changes in international financial markets. Considering high vulnerability towards sudden changes in international market and, therefore, high financial risk, sustainable management of foreign debt of small open economy is much more complex than in countries with large open economy. The objective of the paper is to present the peculiarities of contemporary management of foreign debt in a small open economy. The main finding of the paper is that countries with small open economy should use such compound of methods of management of their foreign debt that enhance prevention against sudden unfavourable changes of economy and increase flexibility to make necessary and timely adjustments of management of the foreign debt.DOI: http://dx.doi.org/10.5755/j01.em.17.3.2116
 
Publisher Kaunas University of Technology
 
Contributor —
 
Date 2012-08-08
 
Type —
—
 
Format application/pdf
 
Identifier http://www.eejournal.ktu.lt/index.php/Ekv/article/view/2116
10.5755/j01.em.17.3.2116
 
Source ECONOMICS AND MANAGEMENT; Vol 17, No 3 (2012); 1042-1048
EKONOMIKA IR VADYBA; Vol 17, No 3 (2012); 1042-1048
 
Language en
 
Rights Autorių teisės yra apibrėžtos Lietuvos Respublikos autorių teisių ir gretutinių teisių įstatymo 4-37 straipsniuose.
Copyright terms are indicated in the Republic of Lithuania Law on Copyright and Related Rights, Articles 4-37.