Debt Surges Drivers Consequences And Policy Implications
Download and Read Debt Surges Drivers Consequences And Policy Implications full books in PDF, ePUB, and Kindle. Read online free Debt Surges Drivers Consequences And Policy Implications ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Debt Surges—Drivers, Consequences, and Policy Implications
Author | : Florian Schuster |
Publisher | : International Monetary Fund |
Total Pages | : 53 |
Release | : 2024-03-08 |
Genre | : Business & Economics |
ISBN | : |
Download Debt Surges—Drivers, Consequences, and Policy Implications Book in PDF, Epub and Kindle
Many countries find themselves with elevated debt levels, increased debt vulnerabilities, and tight financing conditions, while also facing increased spending needs for development and transition to a greener economy. This paper aims to place the current debt landscape in a historical context and investigate the drivers of debt surges, to what degree they result in a crisis as well as examine post-surge debt trajectories and under what conditions debt follows a non-declining path. We find that fiscal policy and stock-flow adjustments play important roles in debt dynamics with the valuation effects arising from currency depreciation explaining more than half of stock flow adjustments in LICs. Debt surges are estimated to result in a financial crisis with a probability of 11–20 percent and spending-driven fiscal expansions during debt surges tend to result in a high probability of non-declining debt path.
Debt Surges—Drivers, Consequences, and Policy Implications Related Books
Pages: 53
Pages: 403
Pages: 0
Pages: 412
Pages: 0