FINANCIAL MANAGEMENT APPROACHES TO REFINANCING AND DEBT SUSTAINABILITY IN CRISIS PERIODS
Journal: Book of Abstracts
Year: 2025

In times of economic and geopolitical turmoil, maintaining debt sustainability becomes a central challenge for both states and enterprises. The 21st century has witnessed multiple waves of sovereign and corporate debt crises – from the global financial crisis of 2008 to the sovereign defaults in emerging economies during the COVID-19 pandemic and the ongoing war in Ukraine. Financial management strategies, particularly those related to refinancing and restructuring, play a crucial role in stabil