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101 0 $aeng
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181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aGlobal Waves of Debt : $eCauses and Consequences /$fM. Ayhan Kose
210  1$aWashington, D.C. :$cThe World Bank,$d2021.
215   $a1 online resource (306 pages)
311   $a1-4648-1544-5 
330 3 $aThe global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
410  0$aWorld Bank e-Library.
606   $aDebts, Public
606   $aGlobal Financial Crisis, 2008-2009
615  0$aDebts, Public.
615  0$aGlobal Financial Crisis, 2008-2009.
676   $a336.34
700   $aKose$b M. Ayhan$01504085
701   $aKose$b M. Ayhan$01504085
701   $aNagle$b Peter$01507931
701   $aOhnsorge$b Franziska$01507932
701   $aSugawara$b Naotaka$01507933
801  0$bDJBF
801  1$bDJBF
906   $aBOOK
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996   $aGlobal Waves of Debt$93739006
997   $aUNINA