Sustainability of government debt is a finance priority in most countries of the world. Ideally, government debt should be sustainable at all times. Unfortunately, this is almost never the case in contemporary stochastic economy. Therefore, government debt stabilization tools are employed to contribute to the sustainability of the government debt or maintain the acceptable level of the debt. Selection of government debt stabilization tools depends on many factors, one of which is monetary policy arrangement. Such factors as size and openness of the economy are also crucial for development of government debt management strategy. The objective of the paper is to analyse the peculiarities of government debt stabilization in a small open economy within currency board system. The main research methods used are systematization and generalization of the scientific literature, quantitative and qualitative analysis of the primary and secondary data, case study, scenario method, graphic presentation of the data and results. C***onclusions of the paper provide the brief review of the main results and findings, revealing the peculiarities of plausible tools and strategy for government debt stabilization in a small open economy within currency board system.
展开▼
