Global Waves of Debt : Causes and Consequences
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has alread...
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Washington, DC: World Bank
2019
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| Online Access: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/121251614759884881/global-waves-of-debt-causes-and-consequences http://hdl.handle.net/10986/32809 |
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okr-10986-328092021-05-25T09:30:19Z Global Waves of Debt : Causes and Consequences Kose, M. Ayhan Nagle, Peter Ohnsorge, Franziska Sugawara, Naotaka DEBT DEBT CRISIS FISCAL DEFICIT EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES FINANCIAL CRISIS INTEREST RATE ECONOMIC GROWTH ECONOMIC OUTLOOK The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact. 2019-12-06T21:36:38Z 2019-12-06T21:36:38Z 2021-03-02 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/121251614759884881/global-waves-of-debt-causes-and-consequences 978-1-4648-1544-7 http://hdl.handle.net/10986/32809 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
DEBT DEBT CRISIS FISCAL DEFICIT EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES FINANCIAL CRISIS INTEREST RATE ECONOMIC GROWTH ECONOMIC OUTLOOK |
| spellingShingle |
DEBT DEBT CRISIS FISCAL DEFICIT EMERGING MARKET ECONOMIES DEVELOPING COUNTRIES FINANCIAL CRISIS INTEREST RATE ECONOMIC GROWTH ECONOMIC OUTLOOK Kose, M. Ayhan Nagle, Peter Ohnsorge, Franziska Sugawara, Naotaka Global Waves of Debt : Causes and Consequences |
| description |
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact. |
| format |
Book |
| author |
Kose, M. Ayhan Nagle, Peter Ohnsorge, Franziska Sugawara, Naotaka |
| author_facet |
Kose, M. Ayhan Nagle, Peter Ohnsorge, Franziska Sugawara, Naotaka |
| author_sort |
Kose, M. Ayhan |
| title |
Global Waves of Debt : Causes and Consequences |
| title_short |
Global Waves of Debt : Causes and Consequences |
| title_full |
Global Waves of Debt : Causes and Consequences |
| title_fullStr |
Global Waves of Debt : Causes and Consequences |
| title_full_unstemmed |
Global Waves of Debt : Causes and Consequences |
| title_sort |
global waves of debt : causes and consequences |
| publisher |
Washington, DC: World Bank |
| publishDate |
2019 |
| url |
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/121251614759884881/global-waves-of-debt-causes-and-consequences http://hdl.handle.net/10986/32809 |
| _version_ |
1764477344636993536 |