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Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten

Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current phase of the official policy approach is... Full description

1st Person: Reinhart, Carmen
Additional Persons: Rogoff, Kenneth
Type of Publication: Book
Published: Washington, D.C. International Monetary Fund 2013, 2013
Series: IMF Working Papers; Working Paper
Keywords: United States
Debt Restructuring
Debt Overhang
Deleveraging
Comparative
Domestic Debt
Credit Cycles
Online: Volltext
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