Many countries find themselves with elevated debt levels, increased debt vulnerabilities, and tight financing conditions, while also facing increased spending n

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

Global Economic Prospects, January 2022

Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain wel

This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis comb