Global Waves of Debt: Causes and Consequences

by Peter Nagle, M. Ayhan Kose, Franziska Ohnsorge

The global economy has experienced four waves of rapid debt accumulation over the past fifty years. The first three debt waves ended with financial crises in many emerging and developing economies.

• Format: Paperback
• Language: English
• ISBN: 1464815445
• ISBN13: 9781464815447
• Release Date: March 2021
• Publisher: World Bank Publications
• Length: 426 Pages