00793nam a2200145Ia 450000500170000008000180001710000250003524500210006026000770008130000160015852004220017458300220059694200120061899900170063020260716044125.0 a11.02.02 R371 aReinhart, Carment M. aA Decade of debt bPeterson Institute for International EconomicsaWashington, D.C.USc2011 axix, 157 p. aShows 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. c10/13/16kSANDRAW cMmR371 c60933d60933