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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
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Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …
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Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
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, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the …
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