国际金融机构导论英文Lecture 4(4)

Sovereign Debt Crisis – Meaning recap from lecture 3

skoma itfi sovereign debt & banking

crises 4• A sovereign debt crisis is generally defined as economic and financial problems caused by the (perceived) inability of a country to pay its public debt.

•This usually happens when a country reaches critical high debt levels and suffers from (perceived) low economic growth.

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