How Costly Are Debt Crises? /

The aim of this paper is to assess the short- and medium-term impact of debt crises on GDP. Using an unbalanced panel of 154 countries from 1970 to 2008, the paper shows that debt crises produce significant and long-lasting output losses, reducing output by about 10 percent after eight years. The re...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Furceri, Davide
Awduron Eraill: Zdzienicka, Aleksandra
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2011.
Cyfres:IMF Working Papers; Working Paper ; No. 2011/280
Mynediad Ar-lein:Full text available on IMF