the same time, private debt levels, particularly those of financial institutions and households, are in uncharted …, restructuring of public and private debts. A more subtle form of debt restructuring in the guise of "financial repression" (which … had its heyday during the tightly regulated Bretton Woods system) also importantly facilitated sharper and more rapid debt …

central government debt increases, on average, by about 86 percent. Thus the fiscal burden of banking crisis extends far …

symptoms, and common features (such as misguided financial regulation or inadequate supervision) which serve as amplifiers of …

toolkit of emerging markets, including debt restructurings and conversions, higher inflation, capital controls and other forms … economies, where debt restructuring or conversions, financial repression, and a tolerance for higher inflation, or a combination … current phase of the official policy approach is predicated on the assumption that debt sustainability can be achieved through …

this saving into domestic capital formation is inefficient. Since the middle of the 1990s, India's public debt has risen … this debt is, however, significantly different from that in 1991: external public debt is modest and international gold and … foreign exchange reserves stand at historically high levels. The domestic debt is rupee-denominated. For all these reasons …

-rate differentials, inflation, equity indices, and different volatilities. One exception is that removing controls on capital outflows …