The impact of external debt on inflation rate in Georgia

Authors

  • Keti Tskhadadze

Keywords:

Currency risk, exchange rate, external debt, Georgia, inflation

Abstract

The purpose of this paper is to analyze the impact of external debt on inflation rate in Georgia. As external debt plays significant role in country’s development it is important to examine the relationship between the levels of external debt and its impact on GDP development and inflation. For analyzing the correlation between the external debt, economic growth and inflation we use the data that goes back to 15 years. We use an empirical investigation in order to see how the effect of external debt on inflation varies with financial market development.

Author Biography

Keti Tskhadadze

Ivane Javakhishvili Tbilisi State University, PhD student of international economics direction. M&E and non-grantee technical assistance impact evaluation consultant at the USAID Georgia.  Invited lecturer at The University of Georgia, teaching disciplines: microeconomics, macroeconomics, public finances and managerial economics. 

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Additional Files

Published

03.05.2019

Issue

Vol. 8 No. 2 (2019)

Section

Accounting, Finance, Statistics and Economic informatics

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