Ten years on from the global financial crisis, economies around the world have become dependent on debt for their growth. This has encouraged unprecedented glob

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

Addressing the global financial crisis has required fiscal intervention on a substantial scale by governments around the world. The consequent buildup of public

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

This book is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this compl