Institute for Financial Studies, Moscow 1999. (published in Russian)
The monograph focuses on various aspects of public debt management. To a large extent, this work is an attempt to generalize the results of an investigation into the crisis development and reveal the underlying causes of the crisis based on the modern economic theory. The work presents a holistic view of the 1998 crisis in Russia, explores speculative and practical aspects of sovereign debt crises and gives an analysis of the existing approaches to public debt management. Also, the monograph tackles using public debt as an instrument to solve a strategic task of retirement plan reforming.
The book is offered to macroeconomic and financial experts and will also appeal to a wide readership interested in public finance.
The second edition has been supplemented with a chapter where a research into the 1999-2002 macroeconomic stabilization is presented; the section dedicated to public debt management has been reviewed and expanded with an analysis of institutional organization of the debt management system.
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