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A Decade of debt

By:

Reinhart, Carment M

Material type: Text

TextPublication details: Peterson Institute for International Economics Washington, D.C.US 2011Description: xix, 157 pAction note:

10/13/16 SANDRAW

Summary: 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.

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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.

10/13/16 SANDRAW

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