Theoretical approaches to the risk grounding of public debt

Oksana Vasylivna Kvasnytsya


Introduction. The events of the last decade prove that Ukraine's economy is highly sensitive to the effects of government debt risk. On the basis of the systematized materials different theoretical approaches to assessing the risks of public debt are investigate. Their classification is considered. The degree of their impact on the development of Ukraine is defined.

The aim of the article is to study the effect of public debt risks on the Ukrainian economy. In order to achieve this goal, we propose to consider their classification and to identify those ones that have the most significant influence on the Ukrainian economy. The ways of preventing risks that can have the most devastating effect will be proposed.

Method (methodology). This article provides a theoretical approach to study the risks of public debt.

Results. The essence of the risks of public debt is considered. The classification approaches to the characterization of their influence on the development of the state are grounded. The application of the proposed approach allowed to reveal its impact on the socio-economic situation.


government debt risk; risk of government debt; market risk; interest rate risk; currency risk; refinancing risk; liquidity risk; Budget risk; credit risk; country risk; operational risk

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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