An Overview on Sovereign Debt Evolution in the World

Maria Pascal (Andriescu) ()
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Maria Pascal (Andriescu): “Alexandru Ioan Cuza” University of Iasi

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1582-1587

Abstract: Public debts have surged in recent years, in advanced economies, to the levels that have not been recorded since the end of the World War II. The average public debt/GDP ratio for all advances economies has surpassed the pre-World War II peaks reached during the World War I and subsequently during the Great Depression. This paper attempts to realize both a retrospective of public indebtedness critical moments and an analysis of the current sovereign debt crisis that facing many countries of the world.

Keywords: sovereign debt; debt crisis; debt service; indebtedness degree (search for similar items in EconPapers)
JEL-codes: F34 H63 H68 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1582-1587

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