Sutherland, Douglas; Höller, Peter; Merola, Rossana; … - 2012
regulation and frameworks to deal with debt overhangs and maintain public debt at prudent levels, can help economies withstand …Debt levels have surged since the mid-1990s and have reached historic highs across the OECD. High debt levels can … create vulnerabilities, which amplify and transmit macroeconomic and asset price shocks. Furthermore, high debt levels hinder …