Sovereign Debt And The Financial Crisis: Will This Time Be Different?
In the wake of the financial crisis of 2008 governments worldwide undertook massive fiscal interventions to stave off what otherwise would have likely been a system-wide financial and economic meltdown. The policy responses engendered significant shifts in growth trajectories and debt sustainability outlooks of both mature and developing economies. The magnitude of public liabilities incurred and the uncertainty surrounding the exit from unprecedented discretionary fiscal stimulus have become a major source of concern about a future crisis. Will the current stringent financial conditions lead to a wave of sovereign debt problems around the world? Or will countries given their stronger fundamentals compared with previous crises episodes successfully muddle through the crisis?The book presents and discusses policy-relevant research on the current debt challenges which developing emerging market and developed economies face. Its value added lies in the integrated approach of drawing on theoretical research and evidence from practitioners experience in developing emerging market and developed countries.
How to download book
Buy this book
You can buy this book now only for $25.19. This is the lowest price for this book.
Download book free
If you want to download this book for free, please register, approve your account and get one book for free.
After that you may download book «Sovereign Debt And The Financial Crisis: Will This Time Be Different?»: