The Increasing Public Debts in the World and the Threat of a New Global Crisis

Stefan Yotov

Economic Studies journal, 2016, issue 4, 78-104

Abstract: Is considered the increase in global debt and its four main components – liabilities of households, companies, financial institutions and governments. More specifically is analyzed the dynamic of sovereign debt in many developed and developing countries. Based on the experience of the last 200 years when are registered 5 huge waves of mass non-payments of public debt (external and internal), is outlined the risk of adverse developments in the debt situation in the world. Below are possible strategies to reduce the public debt burden. It’s concluded that a possible second wave of the global financial crisis will most likely be triggered by large increases in government debt around the world.

JEL-codes: F34 G01 H63 H68 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2016:i:4:p:78-104

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