Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020
examining the linkages between debt and the probability of financial crises; and a set of case studies of rapid debt buildup … 500 episodes occurring since 1970. Second, around half of these episodes were associated with financial crises which …, and lower reserves cover. Fourth, countries that experienced financial crises frequently employed combinations of …