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How Costly Are Debt Crises?

How Costly Are Debt Crises? »

Source: How Costly Are Debt Crises?

Volume/Issue: 2011/280

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

ISBN: 9781463926618

Keywords: output losses, debt crises, sovereign defaults, debt crisis, currency crises, crisis episodes, currency crisis

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 lon...

How Costly Are Debt Crises?

How Costly Are Debt Crises? »

Volume/Issue: 2011/280

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

DOI: http://dx.doi.org/10.5089/9781463926618.001

ISBN: 9781463926618

Keywords: output losses, debt crises, sovereign defaults, debt crisis, currency crises, crisis episodes, currency crisis

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 lon...