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Distinctive Features of Russian Public Debt Management

机译:俄罗斯公共债务管理的显着特征

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In writing about Russian public debt, one constantly has to specify, "it was this way for us and that way for them" (or "it ought to be"). Nevertheless, we should point out that since August 1998 the differences between "us" and "them" have diminished appreciably. It is not just that the parameters of public debt (the ratio between the amount of debt and the size of the economy and the sources for repaying it, internal structure of the debt itself) have become more comparable. Now there is knowledge about how to act properly and what direction needs to be taken. The ideological fixation (first communist, then pseudoliberal) in the primarily economic question of managing public debt has disappeared. Still, this does not mean that the knowledge obtained by trial and error will be successfully applied, or that we are guaranteed not to have another such crisis.
机译:在写有关俄罗斯公共债务的文章时,经常要指出,“这对我们来说就是这样,对他们来说就是这样”(或“应该如此”)。但是,我们应该指出,自1998年8月以来,“我们”和“他们”之间的差异已大大减少。不仅公共债务的参数(债务额与经济规模之间的比率以及偿还债务的来源,债务本身的内部结构)变得更具可比性。现在有了有关如何正确采取行动以及需要采取什么方向的知识。在管理公共债务的主要经济问题上,意识形态的固定(首先是共产主义者,然后是伪自由主义者)已经消失。尽管如此,这并不意味着通过反复试验而获得的知识将被成功应用,或者我们不能保证不会再遇到此类危机。

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