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Working paper
What has been the impact of COVID-19 on debt? Turning a wave into a tsunami
This paper presents a comprehensive analysis of the impact of COVID-19 on debt, puts recent debt developments and prospects in historical context, and analyses new policy challenges associated with debt resolution.
Working paper
Can this time be different? Policy options in times of rising debt
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. This paper examines the factors that are likely to determine the outcome of the most recent debt wave, and considers policy options to help reduce the likelihood...