Private and Public Debt : Are Emerging Markets at Risk? /

Using a dataset covering a large sample of emerging economies (EMEs), we study the relationship between debt and economic performance in bad times. While previous research has shown that private debt buildups exacerbate the duration and intensity of recessions in advanced economies (AEs), we documen...

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Bibliographic Details
Main Author: Bernardini, Marco
Other Authors: Forni, Lorenzo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/061
Online Access:Full text available on IMF