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 …

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 …

boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …

boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …

strong evidence that FDI and portfolio equity liabilities boost TFP growth while external debt is actually negatively … correlated with TFP growth. The negative relationship between external debt liabilities and TFP growth is attenuated in economies …

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 …

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past … debt buildups have often ended in widespread financial crises in these economies. This paper examines the factors that are …

Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010 …, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past … debt buildups have often ended in widespread financial crises in these economies. This paper examines the factors that are …