EFFECTS OF THE GLOBAL ECONOMIC CRISIS AND THE COVID-19 PANDEMIC ON SOVEREIGN DEBT MANAGEMENT IN HEAVILY INDEBTED COUNTRIES

Authors

Keywords
sovereign debt, heavily indebted countries, COVID-19

This article presents an analysis of the sovereign debt in some heavily indebted countries worldwide, including Venezuela, Sudan, Japan and Greece. Its main objective is to track and compare the initial effects of the global financial and economic crisis (2008) and the COVID-19 pandemic on sovereign debt levels in those countries. This is why it starts with a classification of the theoretical concepts addressing the relationship between economic crises and changes in the levels of sovereign debt. It then defines the main drivers for the sharp increase of the sovereign debt in these countries and describes the dynamics of the revenues, expenditures and balances of their budgets.

JEL: E60, E62, H12, H60, H63
Pages: 15
Price: 2 Points

More titles

  • ORGANIZATIONAL AND ECONOMIC CHARACTERISTICS OF COMPENSATIONS FOR TEMPORARY LOSS OF CAPACITY TO WORK

    The insurance for general diseases with temporary incapacity to work has specific features due to the specifics of the risk it covers. Such diseases are very frequent but usually mild and entail specific consequences, such as reduction or loss of income due to sick leaves. The object of research is the insurance for of general diseases and its ...

  • AN OUTLINE OF THE FAULT LINE IN THE EUROPEAN UNION

    In this research we have made all effort to avoid the natural, geological and physical aspect of the term fault. We have agreed that a fault refers to the absence of unity and agreement in a particular system. Thus, we have fundamentalized our views. The first emphasis is placed on the withdrawal of the United Kingdom (UK) from the EU. We trace ...

  • THE IMPACT OF GLOBAL TRENDS AND COVID-19 ON INTERNATIONAL NEW VENTURES

    The COVID-19 pandemic has accelerated existing trends in the global business environment thus changing the conditions for performing international entrepreneurial activity. Four such trends of a key role in international business are the digitalization and active use of communication technologies, the restructuring of global supply chains, the ...