Managing the International Reserve Assets in the Context of Debt Sustainability

The article is aimed at researching the adequacy of international reserve assets, their management in terms of ensuring debt sustainability, as well as financial-economic assessment of liquidity and solvency of the borrowing State. Based on the carried out study, it is determined that liquidity of t...

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Autor principal:	Kondro Pavlo V.
Formato:	article
Lenguaje:	EN RU UK
Publicado:	Research Centre of Industrial Problems of Development of NAS of Ukraine 2021
Materias:	debt sustainability liquidity of the state solvency of the state financial and monetary security Business HF5001-6182
Acceso en línea:	https://doaj.org/article/ad49747289b74c0b98c3e830b09d007d
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id	oai:doaj.org-article:ad49747289b74c0b98c3e830b09d007d
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spelling	oai:doaj.org-article:ad49747289b74c0b98c3e830b09d007d2021-11-04T09:28:15ZManaging the International Reserve Assets in the Context of Debt Sustainability10.32983/2222-4459-2021-9-189-1952222-44592311-116Xhttps://doaj.org/article/ad49747289b74c0b98c3e830b09d007d2021-09-01T00:00:00Zhttps://www.business-inform.net/export_pdf/business-inform-2021-9_0-pages-189_195.pdfhttps://doaj.org/toc/2222-4459https://doaj.org/toc/2311-116XThe article is aimed at researching the adequacy of international reserve assets, their management in terms of ensuring debt sustainability, as well as financial-economic assessment of liquidity and solvency of the borrowing State. Based on the carried out study, it is determined that liquidity of the State, as a functional element of solvency of the State, provides for the ability of the State to mobilize the necessary resources, taking into account the transactional mechanism of asset transfer from one unit to another in order to ensure an adequate level of solvency of the debtor State. In addition, within the terms of the carried out analysis of the system infrastructure, it is worth noting that there is a relation between the solvency of the State and its liquidity, since the latter category is part of the first, but these concepts are not identical. The provision of international assets, as the dominant element of debt sustainability, acts through the mechanism of financial and monetary security, thus, an assessment of the adequacy of international assets in the part of sufficiency of their volumes to cover the needs of foreign trade operations, servicing and repayment of the State’s sovereign obligations to creditors must be done. A monitoring of the main indicative values of the assessment of the status and structure of international liquid assets and their relationship with economic indicators is carried out. Ways to improve the system of management of international reserve assets in order to ensure debt sustainability are proposed. Priority directions of future researches are allocated, which should be aimed at substantiate the impact of currency risks on the debt sustainability of the State.Kondro Pavlo V.Research Centre of Industrial Problems of Development of NAS of Ukrainearticledebt sustainabilityliquidity of the statesolvency of the statefinancial and monetary securityBusinessHF5001-6182ENRUUKBìznes Inform, Vol 9, Iss 524, Pp 189-195 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU UK
topic	debt sustainability liquidity of the state solvency of the state financial and monetary security Business HF5001-6182
spellingShingle	debt sustainability liquidity of the state solvency of the state financial and monetary security Business HF5001-6182 Kondro Pavlo V. Managing the International Reserve Assets in the Context of Debt Sustainability
description	The article is aimed at researching the adequacy of international reserve assets, their management in terms of ensuring debt sustainability, as well as financial-economic assessment of liquidity and solvency of the borrowing State. Based on the carried out study, it is determined that liquidity of the State, as a functional element of solvency of the State, provides for the ability of the State to mobilize the necessary resources, taking into account the transactional mechanism of asset transfer from one unit to another in order to ensure an adequate level of solvency of the debtor State. In addition, within the terms of the carried out analysis of the system infrastructure, it is worth noting that there is a relation between the solvency of the State and its liquidity, since the latter category is part of the first, but these concepts are not identical. The provision of international assets, as the dominant element of debt sustainability, acts through the mechanism of financial and monetary security, thus, an assessment of the adequacy of international assets in the part of sufficiency of their volumes to cover the needs of foreign trade operations, servicing and repayment of the State’s sovereign obligations to creditors must be done. A monitoring of the main indicative values of the assessment of the status and structure of international liquid assets and their relationship with economic indicators is carried out. Ways to improve the system of management of international reserve assets in order to ensure debt sustainability are proposed. Priority directions of future researches are allocated, which should be aimed at substantiate the impact of currency risks on the debt sustainability of the State.
format	article
author	Kondro Pavlo V.
author_facet	Kondro Pavlo V.
author_sort	Kondro Pavlo V.
title	Managing the International Reserve Assets in the Context of Debt Sustainability
title_short	Managing the International Reserve Assets in the Context of Debt Sustainability
title_full	Managing the International Reserve Assets in the Context of Debt Sustainability
title_fullStr	Managing the International Reserve Assets in the Context of Debt Sustainability
title_full_unstemmed	Managing the International Reserve Assets in the Context of Debt Sustainability
title_sort	managing the international reserve assets in the context of debt sustainability
publisher	Research Centre of Industrial Problems of Development of NAS of Ukraine
publishDate	2021
url	https://doaj.org/article/ad49747289b74c0b98c3e830b09d007d
work_keys_str_mv	AT kondropavlov managingtheinternationalreserveassetsinthecontextofdebtsustainability
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Managing the International Reserve Assets in the Context of Debt Sustainability

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