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Sovereign DebtA Guide for Economists and Practitioners$
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S. Ali Abbas, Alex Pienkowski, and Kenneth Rogoff

Print publication date: 2019

Print ISBN-13: 9780198850823

Published to Oxford Scholarship Online: December 2019

DOI: 10.1093/oso/9780198850823.001.0001

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Challenges Ahead

Challenges Ahead

Chapter:
(p.365) 9 Challenges Ahead
Source:
Sovereign Debt
Author(s):

Hugh Bredenkamp

Ricardo Hausmann

Alex Pienkowski

Carmen Reinhart

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198850823.003.0010

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.

Keywords:   High debt, low growth, creditor landscape, crisis prevention, crisis resolution

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