Reinhart, Carmen M.; Rogoff, Kenneth - C.E.P.R. Discussion Papers - 2011
, restructuring of public and private debts. A more subtle form of debt restructuring in the guise of "financial repression" (which … 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 …