Series: IMF Working Papers
Author(s): Carmen Reinhart , and Kenneth Rogoff
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 December 2013
Keywords: sovereign debt crises, deleveraging, credit cycles, financial repression, debt restructuring., domestic debt, government debt, debt overhang, General, Financial Markets and the Macroeconomy
Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their eme...