Template-Type: ReDIF-Paper 1.0
Author-Name: Sofya Donets
Author-Email: DonetsSA@cbr.ru
Author-Workplace-Name: Bank of Russia, Russian Federation

Author-Name: Alexey Ponomarenko
Author-Email: PonomarenkoAA@cbr.ru
Author-Workplace-Name: Bank of Russia, Russian Federation


Title:  Measuring Debt Burden
Abstract: We analyse two debt burden measures - credit-to-GDP and debt service ratio. For that purpose we calculate equilibrium debt ratios on the basis of fundamental macroeconomic indicators and compare them with international data. We conclude that the current value of this ratio in Russia is likely to be close to the equilibrium or exceed it.

Length: 21 pages
Creation-Date: 2015-06
Revision-Date:
Publication-Status:
File-URL: http://www.cbr.ru/Content/Document/File/87550/wps_5_e.pdf
File-Format: Application/pdf
File-Function:
Number:wps5
Classification-JEL: E44, E51, G01.
Keywords: debt burden; equilibrium credit-to-GDP ratio; debt service ratio (DSR); Russia
Handle: RePEc:bkr:wpaper:wps5