Waves of debt accumulation have been a recurrent feature of the global economy over the past 50 years. In emerging market and developing economies, there have been four major debt waves since 1970. The first three waves ended in financial crises, the Latin American debt crisis of the 1980s, the Asian financial crisis of the late 1990s, and the global financial crisis of 2007-09. The study shows that simultaneous buildups in public and private debt...
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INFORMATION
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2021/01/01
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Publication
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157143
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1
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1
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2021/03/03
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Disclosed
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Global Waves of Debt : Causes and Consequences
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Federal Deposit Insurance Corporation
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