Evaluation of the Latvian Financial Security: Aspects of Government Debt Policy | Zendy

Nadezhda Semjonova | Zendy

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Evaluation of the Latvian Financial Security: Aspects of Government Debt Policy

Author(s) -

Nadezhda Semjonova

Publication year - 2015

Publication title -

safety of technogenic environment

Language(s) - English

Resource type - Journals

eISSN - 2451-313X

pISSN - 2255-8705

DOI - 10.7250/ste.2014.013

Subject(s) - latvian , pessimism , sovereign debt , state (computer science) , credit rating , sovereignty , business , financial crisis , debt , finance , financial system , government debt , government (linguistics) , economics , economic policy , politics , political science , macroeconomics , philosophy , linguistics , epistemology , algorithm , computer science , law

Due to increased risk and severity of the global economic and financial crisis, the evaluation of financial security is vital for the national security. Internationally recognized indicators, such as sovereign credit ratings, may overestimate the actual situation due to political reasons. This paper presents a consolidated indicator of the state financial security, which takes into account a number of the state economic and financial parameters. The calculated indicator correlates well with the sovereign ratings for low rating values, but gives more pessimistic estimation for high ratings.

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