large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a …-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three …

-of-court centralized corporate debt workout frameworks—that came to define the core asset management setting in countries most seriously …

This paper reviews Latvia’s efforts to manage the increase in debt distress resulting from the unwinding of the 2000 … incentives for marked-based debt resolution by improving the legal framework for credit enforcement, introducing tax incentives … for debt write-downs, and strengthening financial sector supervision. These measures have started to yield results, but …

subprime crisis and the Euro Area sovereign debt crisis—have also been key drivers of the sharp rise in bank funding costs …

This paper proposes an approach to track US$1 trillion of emerging market government debt held by<br>foreign investors … government debt during 2010–12, mostly<br>coming from foreign asset managers. Foreign central bank holdings have risen as well …

This paper finds that tightening global financial conditions can worsen emerging economies’ public debt dynamics … means of a Poisson count model—suggests that the frequency of sovereign debt crises increases in emerging economies at the …