Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen M.; … - National Bureau of Economic Research - 2021
Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is higher now than it was in 2010 and, in half of the EMDEs, debt is more than 30 percentage points of gross domestic product higher. Historically, elevated...
