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2019•Scholar Electronic Repository of the New Bulgarian University (New Bulgarian University)Open access

External Debt and Debt Crises in European Economies

Ирена Николова

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Abstract

In recent years the external government debt has been reviewed and analysed in terms of the European debt crisis and due to the high debt levels in leading economies worldwide. The EU Member States external debt is discussed in the paper as the focus is on Bulgaria and Romania and two main issues are presented in more details: 1. The EU Member States debt levels for the last decade; and 2. The private versus public debt and major challenges in their management

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In recent years the external government debt has been reviewed and analysed in terms of the European debt crisis and due to the high debt levels in leading economies worldwide. The EU Member States external debt is discussed in the paper as the focus is on Bulgaria and Romania and two main issues are presented in more details: 1. The EU Member States debt levels for the last decade; and 2. The private versus public debt and major challenges in their management

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Available abstract

In recent years the external government debt has been reviewed and analysed in terms of the European debt crisis and due to the high debt levels in leading economies worldwide. The EU Member States external debt is discussed in the paper as the focus is on Bulgaria and Romania and two main issues are presented in more details: 1. The EU Member States debt levels for the last decade; and 2. The private versus public debt and major challenges in their management

Key concepts: Internal debt, Debt-to-GDP ratio, External debt, Debt, Debt levels and flows, Government debt, Recourse debt, Senior debt

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