Debt accumulation in advanced countries historically absorbed by increases in short-term foreign debt
IMF paper examines how composition of public debt answered to consolidation periods between 1900 and 2011
Episodes of large debt accumulation in 13 advanced economies over the past century were typically absorbed by increases in short-term, foreign currency-denominated, and banking-system-held debt, according to an International Monetary Fund (IMF) working paper.
Sovereign Debt Composition in Advanced Economies: A Historical Perspective by Ali Abbas, Laura Blattner, Mark De Broeck, Asmaa El-Ganainy and Malin Hu, examines how the composition of public debt, broken down by currency, maturity, holder
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