range of crises, including banking, balance-of-payments, and sovereign debt crises. It reviews the typical patterns prior to … lessons on how to prevent, contain and manage financial crises. -- global financial crisis ; sudden stops ; debt crises …

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 … the ability of households and enterprises to smooth consumption and investment and of governments to cushion adverse …

the labour market balance. Due to this recovery, pay levels and corporate and investment income rates have recently been … financial crisis of 2008/2009, when the debt-to-GDP ratio rose to 82 per cent, the current national debt is much more modest at …

investment in a model in which firms borrow from both bank and non-bank lenders. The bank funds loans with insured deposits and … investment. Quantitatively, I find that the bank's incentive to insure itself against issuing costly equity and competition from …% to 26% eliminates bank failures with effectively no change in the quantity or riskiness of aggregate investment …