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Bringing Down High Debt (Gaspar & Jaramillo)

Bringing down high debt by Vitor Gaspar and Laura Jaramillo published by IMF (4/2018). “Global debt hit a new record high of $ 164 trillion in 2016, the equivalent of 225 percent of global GDP. Both private and public debt have surged over the past decade. High debt makes government’s financing vulnerable to sudden changes in market sentiment. It also limits a government’s ability to provide support to the economy in the event of a downturn or a financial crisis.” 

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