Purpose This paper aims to assess to what extent the COVID-19 shock is expected to create a debt crisis in emerging …. Current debt threats arise mainly from debt architecture and the domination of volatile debt forms - primarily foreign … currency-denominated bonds. Excessive fear of debt-deflation spirals after the GFC prompted EMDEs to expand their growth …

This study analyzes the effect of individual finances (specifically creditworthiness and severely delinquent debt) on … is utilized in an instrumental variables design. The possibility of the reverse causality of bad health causing debt and … 2005 residence. Worsening creditworthiness and increases in severely delinquent debt are found to lead to increases in …