The final chapter will give a perspective on topical issues on sovereign debt over the next decade. It focuses on the re-indebtedness of advanced, emerging, and low-income countries, and the risks posed by a changing creditor landscape. Yet despite this, by historical standards there have been relatively few debt crises in recent years—have these been avoided or merely delayed? The second half of the chapter then explores how risks associated with these issues can be reduced, first by improving crisis prevention policies, and then by strengthening crisis resolution policies.
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