With public debt at around 130% of GDP, Senegal’s options are limited: there are no good solutions. This paper reviews the constraints and difficult choices the government faces in managing the debt crisis. We explore two possible paths. In the first approach, the government seeks to avoid...

The paper aims to argue the importance of the external debt and of its structure for the management of macroeconomic policies. The survey focused on the period 2006-2017, in order to reveal the effects of Romania's joining the European Union on the trend of the external debt of and of its...

The paper aims to argue the importance of the external debt and of its structure for the management of macroeconomic policies. The survey focused on the period 2006-2017, in order to reveal the effects of Romania's joining the European Union on the trend of the external debt of and of its...

How to deal with significant external imbalances due to persistent cross-border financial flows which eventually dry out while accumulated foreign debts need to be financed from increased exports? Keynes and Ohlin, primarily, debated an apparently more specific issue of unilateral transfers in...