Abstract

The features of non-payment problem of global economy, including mutual debts have been indicated in the matrix form in the paper. Afterwards this problem has been converted into linear programming setting and solved by the Simplex method. Note that, LP enables us to find the market value of the existing debts in the market. The calculated equilibrium prices of mutual debts mean that potentially there are no debts to be repaid. In other words, it is required to find the price level that ensures the equality of receivables and payables on subjects. The constructed model has a static characteristic and applied using the data for the top 10 biggest world countries.

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