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 developing economies since 1970; a series of econometric models …

This paper addresses whether microcredit participants in Bangladesh are trapped in poverty and debt, as many critics …. As a result, households' net worth has increased, and both poverty and the debt-asset ratio have declined …, invest in children's schooling, and be lifted out of poverty. This is not to say that non-participants have failed to …

This paper studies the impact of a large debt relief program, intended to attenuate investment constraints among highly …-indebted households in rural India. It isolates the causal effect of bankruptcy-like debt relief settlements using a natural experiment … arising from India's Debt Relief Program for Small and Marginal Farmers -- one of the largest debt relief initiatives in …

The purpose of this paper is to stress test the resilience of Croatian households with debt to economic shocks. The … percent of all households, 6 percent of households with debt, and 2-3 percent of aggregate banking system assets. This … financial stability risks remain manageable. One caveat should be noted. Some 27-31 percent of households with debt …

period 1990-2016, and includes 28 indicators of fiscal space grouped into four categories: debt sustainability, balance sheet … vulnerability, external and private sector debt related risks as potential causes of contingent liabilities, and market access. The …

nonconvexities also has different implications for policy on debt overhangs. In particular, the model allows for rational relending … part of a debt restructuring strategy - as it was recently for Mexico and the Philippines …

econometric evidence showing that volatility of expenditure was increased by debt overhang problems. Moreover, they also find …

public debt for the region in 2018 was still below that of the pre-debt forgiveness period, the risk profile of public debt … has sharply increased. The share of concessional public debt has been declining while that owed to private creditors and … non?Paris Club bilateral creditors has been rising. The resulting reconfiguration of public debt has led to increased debt …