Public Finance and Social Protection

What lessons can we learn from 200 years of public debt?

Debt has a long and varied history. Image: REUTERS/Alessandro Bianchi

Barry Eichengreen

Professor of Economics and Political Science, University of California, Berkeley

Asmaa El-Ganainy

Deputy Division Chief, Institute for Capacity Development (European and Middle Eastern Division), IMF

Rui Esteves

Associate Professor of International History, Graduate Institute Geneva

Kris James Mitchener

Professor, Santa Clara University

Share:

The Big Picture
Explore and monitor how Public Finance and Social Protection is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

Public Finance and Social Protection

Have you read?

Notes: countries in default refers to the number of independent nations in default in a given year over the total number of independent nations. Incidence refers to the unconditional probability of new defaults p. a. Image: Reinhart and Rogoff (2009) and authors’ calculations
Notes: G-20 advanced countries included are Australia, Canada, France, Germany, Italy, the U.K. and the U.S. Image: Abbas et al. (2014a)
Notes: G20 advanced economies included are Australia, Canada, France, Germany, Italy, Japan, the U.K. and the U.S. PPP-GDP weighted averages. Image: Abbas et al. (2014b)

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:

Public Finance and Social ProtectionFinancial and Monetary SystemsRisk and Resilience

Share:

Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Here's how governments should respond to the high global prices according to the IMF
About Us
Events
Media
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2022 World Economic Forum