Debt Sustainability

Explore the critical insights of "Debt Sustainability" by Ludger Schuknecht, published by Cambridge University Press in 2022. This compelling study spans 75 pages and provides an in-depth analysis of public debt from a global perspective. Schuknecht examines the pressing issues faced by major economies, which are grappling with unprecedented levels of debt and associated fiscal risks, exacerbated by factors such as population aging and financial imbalances. While the current low interest rates may alleviate immediate concerns, the author emphasizes that addressing debt levels will eventually become imperative. This book is essential for anyone interested in understanding the complexities of debt sustainability and its implications for the future of global economies.