Title: The Debt-Development Dilemma: Challenges, Channels, and Complexities
Abstract: The recent global financial and economic crisis has significantly impacted public debt levels and trends.1 Between 2007 and 2009, average debt levels increased by about 20 percent (in real terms) in countries that did not experience systemic financial crises and by about 75 percent in countries that did (Reinhart and Rogoff 2010). This is attributed to direct bailout costs in some countries, the adoption in many countries of stimulus packages to deal with the recession, and substantial declines in government revenues that affected most countries.KeywordsPublic DebtGovernment DebtExternal DebtDebt ServiceSmall Island Develop StatesThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 2
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