The experience of Turkey and Portugal in state debt management: quality assessment and introduction capacity

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Journal paper

Russian Journal of Entrepreneurship *
Volume 17, Number 18 (September 2016)
* Этот журнал не выпускается в Первом экономическом издательстве

Citation:

Abstract:
In the article we have discussed the experience of Turkey and Portugal in state debt management, having chosen the countries as close to Russia in terms of the economic development level. Upon the results of the performed research of debt position of these states, the author has made a conclusion on the necessity to take into account foreign experience by Russian financial authorities when forming a safe structure of government liabilities portfolio and also when determining a set of tools proposed on the financial market. We have also recommended to develop a system of criteria for quality assessment of state debt management in order to secure safe tendencies in the field of public loans of the Russian Federation and to keep the state debt low, which is one of the competitive advantages of the Russian economy. We believe that in the conditions of the preserving macroeconomic instability and high volatility in the financial markets the subject of this article is highly relevant.

Keywords: macroeconomic instability, state debt, debt policy, foreign experience in state debt management, debt crisis

JEL-classification: H12, R11, H63

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