Debt, private and public, and in particular excessive debt, has been debated to be one of the root causes of economic crises. At the same time, economic crises

The book presents and discusses policy-relevant research on the current debt challenges which developing, emerging market and developed countries face. Its valu

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government repo

An empirical investigation of financial crises during the last 800 years.