Chapter 6: Post-war international debt crises and their transformation
Category:
Handbook Chapter
Published:
26 Apr 2019
Page Range:
103–118
Collection:
Economics 2019
DOI:
https://doi.org/10.4337/9781788118606.00013
Restricted access

Severe international debt crises have become a defining feature of the contemporary world economy. In the 1980s and 1990s, severe international debt and currency crises occurred in developing economies; the most severe were the 1982 Latin American debt crisis and the 1997 East Asian financial crisis. The most severe crises of the 2000s – the 2007–08 subprime crisis and the 2010 European crisis – marked a step-change, as international debt crisis moved from the periphery of the global financial system to its core, and shook the global financial system to its foundations. This chapter reviews this history and explores economists’ explanations of both why they occur and what should be done about them.

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Cover The Handbook of Globalisation, Third Edition
The Handbook of Globalisation, Third Edition
Edited by
Jonathan Michie
Handbook
Published:
26 Apr 2019
Print ISBN:
9781788118590
eISBN:
9781788118606
DOI:
https://doi.org/10.4337/9781788118606
Pages:
c 488
Collection:
Economics 2019
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