This paper is divided into five parts: the first part, the internal coherence practice, including results and put forward practical coherent structure. The internal performance has always been a world problem. Domestic debt is accompanied by profound international business and growth, through the process of colonial fighting, the world economic integration process in a booming international financial business, is a kind of special wrist vigorous state capital input and developing country industrialization primitive accumulation. In recent years, the Latin American debt burden debt crisis and continue improvement in emerging market countries is increasingly heavy, again after national debt performance has sounded the alarm. China and Russia as one of the nation's largest economy in the world, have accumulated a huge debt, are facing how to accelerate the process of research with the useful application of domestic domestic economy, the debt theory also must have some common place. Is to study Russian debt, profound achievements, especially the causes and treatment opportunities given the huge debt, the debt will cause the growth of Ankang China positive significance. The actual structure of Russia needed by the important domestic research focus of definition, the internal debt of the actual need, and the actual operation strategy of domestic debt and debt restructuring practice constitute the four departments, the composition of the Russian debt on the actual stop. The second sector, the Russian debt scope and structure analysis. Although continued in the 2003 Russian domestic balance of third years of decline, but the scope of debt is still as high as $119 billion, the goal of balancing debt has been in the state of peace over international alert line, debt pressure is still heavy. The Russian debt in recent years the increasing situation still insist on such a great range, partly because of Russian independence as an important country in the future, to the former Soviet Union, took all its $103 billion huge debt; on the other hand it is because of Russia's economic transition early, long lasting sluggish, the deficit is great, the voluntary for borrowing to survive, lead to rapid expansion of domestic range. After years of debt theory, Russian debt structure is reasonable. From the financing point of view, the Russian foreign currency bond using the country in the international capital market financing proportion rose continuously, the degree of marketization progress of debt interest rates, debt guarantee the activity of the firm; from the moment on the debt, the debt proportion of Russian short time master in the low degree of around 10%, and with disposable repayment date useful, to avoid the risk of insolvency; from the currency structure, trade and debt in Russia on the basis of its format, try to open up multi currency channel, select the value with the international variables coherent currency, the Russian debt risk suffered internal price changes to minimize. "WP=55" the third sector, the Russian debt causes and the impact on the domestic economy. Russian debt was born in fulfilling the economic system reform of Soviet era, formed in the process of economic transition in the focus of shock therapy, improve the financial crisis in 1998. It can be said that Russia faced in the course of transition, the lack of international savings of foreign investment, the budget deficit, the lack of infinite grand solvency real hard, incurred the debt performance all constitute russia. A long time, China's actual effect on Russia's domestic sector most critics think, domestic debt has brought heavy burden to the Russian economy. In fact, because of its domestic production factors and the profit cost of dual attribute, which plays in the social and economic development in the role also inevitably has the duality in theory in Russian domestic out some errors and internal ills itself, in fact can not be cancelled, the expansion of investment to fill the deficit, promote the social economic growth positive role. Is, as long as the debt is familiar to Russia's economic transition in a double-edged sword, the ability to accurately understand the internal economic influence, truly achieve the disadvantages. The fourth sector, the empirical analysis on Russian debt restructuring, including decision evaluation of Russia, the consequences of the debt restructuring debt restructuring of debt and regular treatment, the Russian debt and debt performance prospects after the reorganization. International scholars on the Russian debt restructuring to determine the fundamental position that repeat stop restructuring "victory" extending repayment deadline, the Russian debt to repay the double dexterity. But in reality, although temporarily slowed the Russian debt restructuring debt pressure, but the basic results of compensation claims but did not receive treatment, but reduce Russia's debt burden and debt risk. Because of the change of international political and economic situation of the implementation of debt restructuring is hard, Russia has gradually inclined to regular debt, and early repayment, and is constituted by the debt stock, debt equity swaps, debt repayment of the money for new thoughts. Follow the Russian economy slowly wake up, its solvency is stronger, the Russian debt will not emerge much achievement in the near future, but the unstable structure of Russia's economic weakness and other content is bound to the Russian debt performance prospects have far-reaching influence. It must be pointed out is that regardless of debt restructuring, so all forms of debt conversion, just slow down the Russian debt pressure which can be continuous as long as a matter of expediency, economic increase, it is a temporary processing performance of Russian debt. Fifth sector, Russia 目录: |
