PROBLEMS OF MANAGING INTERNATIONAL DEBT MARKET

Abstract

Recent deepening of the problem of globalization of external debt impedes recovery of stability and maintenance of sustainable growth of the modern world economy.As a considerable part of different counties’ external debt is formed by operations in the international debt market, the problem of managing international debt market has become of a special importance. The paper has an analysis of specifics of managing international debt market, considers institutions regulating operations in the issuing and non-issuing segments of the international debt market and their main activities, identifies new goals in the field of control over the international debt market related to complicating its structure and lack of clear borders. A special focus is made on the analysis of current changes in approach and methodology of external borrowings in the national, regional and international level. The author makes a conclusion that recently internationalization of regulating international debt market has been enhancing. In the coming years a consolidation of actions of international financial institutions and national authorities regulating local financial markets in the area of managing operations in the international debt market and tightening control over external borrowings will continue.