Global waves of debt: causes and consequences

Author:   World Bank ,  M. Ayhan Kose ,  Franziska Ohnsorge ,  Naotaka Sugawara
Publisher:   World Bank Publications
ISBN:  

9781464815447


Pages:   404
Publication Date:   30 March 2021
Format:   Paperback
Availability:   In stock   Availability explained
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Global waves of debt: causes and consequences


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Overview

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.

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Author:   World Bank ,  M. Ayhan Kose ,  Franziska Ohnsorge ,  Naotaka Sugawara
Publisher:   World Bank Publications
Imprint:   World Bank Publications
ISBN:  

9781464815447


ISBN 10:   1464815445
Pages:   404
Publication Date:   30 March 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

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