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Can This Time Be Different ? Policy Options in Times of Rising Debt (English)

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread financial crises in these economies. This paper examines the factors that are likely to determine the outcome of the most recent debt wave, and considers policy...
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Kose,Ayhan; Nagle,Peter Stephen Oliver; Ohnsorge,Franziska Lieselotte; Sugawara,Naotaka.

Can This Time Be Different ? Policy Options in Times of Rising Debt (English). Policy Research working paper|no. WPS 9178 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/916221583844322496

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