02212oam 22004935 450 991079441400332120210904152915.01-4648-1545-310.1596/978-1-4648-1544-7(CKB)4100000011787690(MiAaPQ)EBC6503995(Au-PeEL)EBL6503995(OCoLC)1249471869(The World Bank)211544(US-djbf)211544(EXLCZ)99410000001178769020160311d2021 uf 0engurcn|||||||||txtrdacontentcrdamediacrrdacarrierGlobal Waves of Debt : Causes and Consequences /M. Ayhan KoseWashington, D.C. :The World Bank,2021.1 online resource (306 pages)1-4648-1544-5 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.World Bank e-Library.Debts, PublicGlobal Financial Crisis, 2008-2009Debts, Public.Global Financial Crisis, 2008-2009.336.34Kose M. Ayhan1504085Kose M. Ayhan1504085Nagle Peter1507931Ohnsorge Franziska1507932Sugawara Naotaka1507933DJBFDJBFBOOK9910794414003321Global Waves of Debt3739006UNINA