INTERNAL MARKET GOVERNMENT SECURITIES IN PROMOTING THE EFFICIENCY OF DEBT POLICY OF UKRAINE
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 1, Issue 154
Abstract
The paper studies government securities market as an important instrument of public debt policy in Ukraine. The dynamics and breakdown of public debt in Ukraine are analyzed, as well as the role of public debt in financing of state budget deficit. Current implications of public debt level in Ukraine are examined. The key instruments of debt policy in Ukraine are studied. The role of domestic government securities in attracting of new public debt is analyzed, the features of risks and costs of placement of domestic government securities in Ukraine are determined. Author stresses the necessity to utilize free financial resources at domestic financial market of Ukraine in order to mitigate currency risk, interest rate and liquidity risk as one of the priorities for public debt policy in Ukraine. Interconnection of domestic government securities market and domestic stock market is defined. Current trends of primary and secondary markets of sovereign debt securities in Ukraine are examined. The key priorities for employment of domestic government securities market in order to improve public debt management in Ukraine are developed.
Authors and Affiliations
Kostyantyn Kuryshchuk
Keywords
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- EP ID EP403013
- DOI 10.17721/1728-2667.2014/154-1/11
- Views 77
- Downloads 0
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