The USA external debt problem: is there a solution?

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 name

Obshchestvo i ekonomika

Edition

Issue 5

Pages

101-116

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.

Keywords

global external debt, external debt of USA, public debt of USA, corporate external debt, indicators of external debt sustainability

Received

20.05.2021

Publication date

24.05.2021

Number of characters

24742

Cite

GOST	Balyuk I. The USA external debt problem: is there a solution? // Obshchestvo i ekonomika – 2021. – Issue 5 C. 101-116 [Electronic resource]. URL: https://oie.jes.su/S020736760014940-3-1 (circulation date: 20.04.2024). DOI: 10.31857/S020736760014940-3
MLA	Balyuk, Igor "The USA external debt problem: is there a solution?." Obshchestvo i ekonomika 5 (2021):101-116. DOI: 10.31857/S020736760014940-3
APA	Balyuk I. (2021). The USA external debt problem: is there a solution?. Obshchestvo i ekonomika (5), pp.101-116 DOI: 10.31857/S020736760014940-3

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