Screen LibraryA decade of debt
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| Main Authors: | |
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| Group Author: | |
| Published: |
Peterson Institute For International Economics,
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| Publisher Address: | Washington, DC |
| Publication Dates: | 2011. |
| Literature type: | Book |
| Language: | English |
| Series: |
Policy analyses in international economics ; 95 |
| Subjects: | |
| Carrier Form: | xix, 157 p.: ill. ; 23 cm. |
| ISBN: |
9780881326222 0881326224 |
| Index Number: | F810 |
| CLC: | F810.5 |
| Call Number: | F810.5/R371 |
| Contents: |
Includes bibliographical references and index. A decade of debt: Surges in public debt ; The financial crash : sovereign debt crisis sequence ; Debt and growth ; Aftermath of high debt : the 1930s and World War II -- Chartbook of country histories of debt, default, and financial crises: Preamble ; Key to figures and methodology notes ; Debt and crises : main themes. This book presents evidence that public debts in the advanced economies have surged in recent years to levels not recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At the same time, private debt levels, particularly those of financial institutions and households, are in uncharted territory and are (in varying degrees) a contingent liability of the public sector in many countries. Historically, high leverage episodes have been associated with slower economic growth and a higher incidence of default or, more generally, r |