A Decade of debt
Reinhart, Carment M.
A Decade of debt - Washington, D.C.US Peterson Institute for International Economics 2011 - xix, 157 p.
Shows that the debt reduction process goes on for an average period of about seven years. Places the surge in government debt in the advanced economies in historical perspective, distinguishing the timing and magnitude of earlier high-debt episodes. Summarises the findings on the temporal causal links between financial crises, rapid surges in public debt, and subseuqent sovereign restructuring or outright default.
11.02.02 R371
A Decade of debt - Washington, D.C.US Peterson Institute for International Economics 2011 - xix, 157 p.
Shows that the debt reduction process goes on for an average period of about seven years. Places the surge in government debt in the advanced economies in historical perspective, distinguishing the timing and magnitude of earlier high-debt episodes. Summarises the findings on the temporal causal links between financial crises, rapid surges in public debt, and subseuqent sovereign restructuring or outright default.
11.02.02 R371