Pilkevych K. External debt as a detonator of future crises in the context of global transformation

In this article the author investigated the current state of public debt of Ukraine as well as debts of countries with different levels of development in the context of globalization processes, analyzed prospects, causes and impacts of its accumulation and further growth, provided recommendations for adequate debt policy under post-crisis conditions.

Key words: public debt, external debt, crisis, marginal value of public debt, fiscal policy.

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