N. Versal, PhD in Economics, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv INTERNATIONAL GOVERNMENT SECURITIES: SPECIFIC FUNCTIONING

It’s disclosed the features of the international government securities market during 1993 – 2012: main players are the developed countries (Western Europe, Canada, USA) with the increasing role of developing countries; debt crises have the negative impact as on the development of the international government securities market, but also on the international capital market as a whole; debt crises are not a spontaneous phenomenon, and usually occur as a result of inadequate growth in GDP increasing government debt.

Keywords: international capital market, international government securities market, government securities, debt crisis.

DOI: http://dx.doi.org/10.17721/1728-2667.2013/153-12/2

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