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RMF Occasional Policy Paper 10, 2014

Occasional Policy
Paper 10
2014
1

RMF Occasional Policy Paper 10, 2014

1.

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RMF Occasional Policy Paper 10, 2014

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RMF Occasional Policy Paper 10, 2014

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4

RMF Occasional Policy Paper 10, 2014

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http://www.pdma.gr/index.php/en/public-debt-strategy/public-debt/historical-characteristics/weighted-average-costmaturity-of-annual-funding
1

,
http://www.pdma.gr/index.php/en/public-debt-strategy/public-debt/historical-characteristics/weighted-average-maturity
2

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http://www.pdma.gr/index.php/en/public-debt-strategy/public-debt/maturity-profile-en
3

RMF Occasional Policy Paper 10, 2014

174% .
25% 2008 22%
. 2014 . 27%, ,
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, http://www.statistics.gr/portal/page/portal/ESYE

RMF Occasional Policy Paper 10, 2014

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RMF Occasional Policy Paper 10, 2014


.
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3. M

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(Debt Sustainability Analysis, DSA)
.5
. :

t+1 - t = (i t+1 - t+1 g t+1) t - t+1 tb t+1


:

i

g
,
tb , (
, .)

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. , , ,
.

. Escolano, J. (2010) A Practical Guide to Public Debt Dynamics, Fiscal Sustainability, and Cyclical Adjustment of
Budgetary Aggregates, IMF Technical Note and Manual No. 2010/02 (Washington: International Monetary Fund).
5

RMF Occasional Policy Paper 10, 2014

, .6 ,
(Core Price Index, CPI), , ,
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RMF. 1 RMF
. 2014
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RMF 147% .
RMF
.

. World Economic Outlook Database (April 2014),


http://www.imf.org/external/pubs/ft/weo/2014/01/weodata/index.aspx
7
, ,
.
8

.
9
. Zettelmeyer, J., Trebesch, C., Gulati, M., (2012) The Greek Debt Exchange: An Autopsy,
http://av.r.ftdata.co.uk/files/2012/09/The-Greek-Debt-Exchange-An-Autopsy.pdf
10

. 24
2014 2020. . Greece to meet 2013 asset sales target, upbeat on 2014 plan: privatization
chief, available at: http://www.reuters.com/article/2013/12/16/us-greece-privatisation-idUSBRE9BF0Y920131216
11
. Manesse, P., (2014) Privatizations and Debt: Lessons From The Greek Fiasco available at:
http://www.economonitor.com/blog/2014/01/privatizations-and-debt-lessons-from-the-greekfiasco/?utm_source=feedly#sthash.rKIXSznn.dpuf
6

RMF Occasional Policy Paper 10, 2014

,
. .

1 - % , ,

: IMF (2014) World Economic Outlook .

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.

4. "" :


- - . , 2014,
50 .12

. EU Said to Weigh Extending Greek Loans to 50 Years,


http://www.bloomberg.com/news/2014-02-05/eu-said-to-weigh-extending-greek-loans-to-50-years.html
12

10

RMF Occasional Policy Paper 10, 2014


. ,
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2 - % , ,

: IMF (2014) World Economic Outlook .

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2014 2019,
50 ,
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(IMF Government Finance Statistics Manual,


2001)

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11

RMF Occasional Policy Paper 10, 2014

2012 .
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12

RMF Occasional Policy Paper 10, 2014

. , 200 , , .

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13

RMF Occasional Policy Paper 10, 2014

0,7% 2015-201914 .15

5 %

: IMF (2014) World Economic Outlook .

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. Stiglitz, J. (2010) Sovereign Debt: Notes on Theoretical Frameworks and Policy Analyses, B. Herman, J.A.
Ocampo, and S. Spiegel (.), Overcoming Developing Country Debt Crises, , Oxford University Press.
15

14

RMF Occasional Policy Paper 10, 2014

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RMF Occasional Policy Paper 10, 2014

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