Financial and Monetary Systems

Michael Spence on the risks of increasing global debt

Nobel Laureate Michael Spence looks at debt in the global economy, and the potential risks it poses. Image: REUTERS/Alex Grimm

A. Michael Spence
William R. Berkley Professor in Economics and Business, NYU Stern School of Business
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Financial and Monetary Systems

 Since the Great Recession, global debt has increased by $57 trillion, outpacing world GDP growth.
Image: McKinsey Global Institute
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Financial and Monetary SystemsEconomic Progress
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