Government debt has risen substantially in emerging market and developing economies (EMDEs) since the global financial crisis. The current environment of low global interest rates and weak growth may appear to mitigate concerns about elevated debt levels. Considering currently subdued investment, additional government borrowing might also appear to be an attractive option for financing growth-enhancing initiatives such as investment in human and physical...
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INFORMATION
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2020/02/27
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Document de travail de recherche sur les politiques
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WPS9166
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1
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1
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2020/02/27
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Disclosed
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Benefits and Costs of Debt : The Dose Makes the Poison
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board of governors of the federal reserve system
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