The Study On Management Of Foreign Debts In China

The international financial crisis because of sub-borrow becomes furious,and it transmits from dummy economy to entity economy.The foreground of international economy drop shadow.At the same time,I concern about safety and income of foreign debt.However,the literatures about foreign debt are fastened on scale and character.The study about structure of foreign debt is few.Also,we ignore to research the evolvement of foreign debt relatively.So I choose the structure management of foreign debt as the study direction.What's more,I analyze the affect of foreign debt on economy from microcosmic lay.I use dynamic analysis and static analysis to study the relationship between foreign debt structure and economy,using demonstration analysis and theoretic analysis to study the relationship between foreign debt scale and economy.Also,I analyze the management system of foreign debt.Starting with character of foreign debt structure,I analyze the affect of debt crisis on economy and so on.Recuring to panel data,I open out the disaster about foreign debt circulate based on case analysis.The result of co-integration analysis,impulse respond analysis and granger analysis shows that the impact of foreign debt on economy is very strong. There is long equilibrium relation exists between foreign debt term structure and economy.It also tells us the foreign debt structure connects with scale of foreign interest and exchange risk.At last,I make some advice to establish rational management system.