Debt overhangs: past and present by Carmen M. Reinhart, Vicent R. Reinhart and Kenneth S. Rogoff published by NBER (04/2012). “…We find that growth effects are significant even in the many episodes where debtor countries were able to secure…
Financial repression redux by Carmen M. Reinhart, Jacob F. Kirkeggard and Belen Sbrancia published by IMF and indicated By Silvio Figer (06/2011). With public and private debt at record or near-record levels, reducing public deficits and debt is likely…