Public Debt in Developing Countries

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  • Public Debt in Developing Countries Book Detail

  • Author : Indermit Singh Gill
  • Release Date : 2005
  • Publisher : World Bank Publications
  • Genre : Debts, Public
  • Pages : 43
  • ISBN 13 :
  • File Size : 18,18 MB

Public Debt in Developing Countries by Indermit Singh Gill PDF Summary

Book Description: "Over the past 25 years, significant levels of public debt and external finance are more likely to have enhanced macroeconomic vulnerability than economic growth in developing countries. This applies not just to countries with a history of high inflation and past default, but also to those in East Asia, with a long tradition of prudent macroeconomic policies and rapid growth. The authors examine why with the help of a conceptual framework drawn from the growth, capital flows, and crisis literature for developing countries with access to the international capital markets (market access countries or MACs). They find that, while the chances of another generalized debt crisis have receded since the turbulence of the late 1990s, sovereign debt is indeed constraining growth in MACs, especially those with debt sustainability problems ... " -- Cover verso.

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Public Debt in Developing Countries

Public Debt in Developing Countries

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"Over the past 25 years, significant levels of public debt and external finance are more likely to have enhanced macroeconomic vulnerability than economic growt

Global Waves of Debt

Global Waves of Debt

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many