02296oam 22005295 450 991096384480332120210904152915.09781464815454146481545310.1596/978-1-4648-1544-7(CKB)4100000011787690(MiAaPQ)EBC6503995(Au-PeEL)EBL6503995(OCoLC)1249471869(The World Bank)211544(US-djbf)211544(Perlego)1483777(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)9781464815447 1464815445 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. Ayhan1808653Kose M. Ayhan1808653Nagle Peter1808654Ohnsorge Franziska1602868Sugawara Naotaka1808655DJBFDJBFBOOK9910963844803321Global Waves of Debt4359032UNINA