This material is a review of the monograph edited by Anatoly A. Porokhovsky "Debt Problem as the 21st century's Phenomenon". The book discusses the causes, scale and reproduction role of different kinds and levels debts which are opened in national and world economy.
Erörtert werden hier die Folgen der finanzpolitischen Stabilisierungsmaßnahmen hinsichtlich der Entwicklung der russischen Staatsschulden seit etwa 1993. Die Verfasser analysieren zudem die Struktur der Verschuldung und die notwendig werdenden makroökonomischen Maßnahmen und Reformen, etwa fiskalischer Art. Die prognostizierten Resultate dreier verschiedener Varianten der Schuldenbewältigung durch den russischen Staat bis zum Jahre 2004 und abschließend die Valutastruktur der Staatsschulden werden - teils tabellarisch - dargestellt. (BIOst-Rgl)
The article discusses topical issues related to the current trends in the field of lending to population in Russia. The purpose of the work is to identify possible risks of individuals' actions in the market of credit services on the basis of analysis of statistical and sociological data. Based on the general scientific dialectic approaches used by the authors, the article shows dynamics of growth in the banks' loan portfolio, growth in lending volumes (banks and microfinance organizations), as well as households' debt from 2013 to 2019 in rubles and foreign currency (in general and in mortgages). Russian macro-regions are ranked by absolute indicator of debt and by its growth rate. Opportunities and risks have been identified for borrowers wishing to take advantage of the benefits provided by the State effective from April 2020 (refinancing, credit holidays). There were assessed the measures applied by the State, in particular, credit holidays for individuals and restrictions for banks in issuing loans through introduction of a mandatory debt load indicator, which will contribute to improvement of the current situation with huge debt and to reduction of social risks. Although in the long run — in terms of the overall impact on the country's economy — a reduction in public borrowing may reduce the contribution of consumer credit to economic growth and slow it down. It is concluded that despite the measures taken by the State, the existing level of the population borrowing is a great danger due to the reduction of income as the economic consequence of the coronavirus pandemic.
