You are here

A new type of debt crisis is brewing now

Unlike those in the past, it is a "monetary" phenomenon where multiple borrowers have succumbed to the lure of ultra-cheap credit by central banks


INTERNATIONAL debt crises have been increasing both in frequency and intensity in recent decades - from the Latin American debt crisis of 1982 to the Asian financial crisis of 1997 and the global financial crisis of 2008. And there is reason to believe that yet another may be...

Market voices on: