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Макроэкономическая стабильность и микропруденциальное регулирование внешнего корпоративного долга России
The article is devoted to the study of the risks of external corporate debt and instruments for leveling current shocks (sanctions, global recession due to COVID-19 pandemic, low oil prices) for macroeconomic stability. A detailed decomposition was carried out and an analysis of probable vulnerabilities was carried out, a conclusion was drawn about the most important aspects - the redistribution of obligations on public finances. Based on a sample of debt dynamics for 2006–2019. (56 observers) showed a more active increase in borrowing by state-owned companies (compared with the private sector), the concept of «state support option» introduced. The definition of financial stability in the context of debt sustainability is clarified. The strategy is based on issues related to threats to countries. The micro- and macro-prudential approach is compared with the features of their application in an open economy.