The USA external debt problem: is there a solution?

 
PIIS020736760014940-3-1
DOI10.31857/S020736760014940-3
Publication type Article
Status Published
Authors
Occupation: Associate Professor at the Department of World Economy and World Finance
Affiliation: Financial University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Journal nameObshchestvo i ekonomika
EditionIssue 5
Pages101-116
Abstract

The author focuses on the analysis of dynamics, trends and specifics of the current composition of the external debt of the USA using statistical data compiled by the international financial institutions. The paper contains an analysis of the US external debt sustainability and highlights the prospects for the external debt problem solution. The author concludes that currently the USA is subject to a high degree of external debt risk and does not have sufficient financial resources to service its external debt. In case non-residents discontinue refinancing current external indebtedness, USA may face a sovereign default.

Keywordsglobal external debt, external debt of USA, public debt of USA, corporate external debt, indicators of external debt sustainability
Received20.05.2021
Publication date24.05.2021
Number of characters24742
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