Koh, Wee Chian; Kose, M. Ayhan; Nagle, Peter; Ohnsorge, … - 2020 - This version: January 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 … lower reserves cover. Fourth, countries that experienced financial crises frequently employed combinations of unsustainable …