Situation in which a government cannot pay back its debt
This article is in list format but may read better as prose. You can help by converting this article, if appropriate. Editing help is available.(March 2015)
Debt crisis is a situation in which a government (nation, state/province, county, or city etc.) loses the ability of paying back its governmental debt. When the expenditures of a government are more than its tax revenues for a prolonged period, the government may enter into a debt crisis. Various forms of governments finance their expenditures primarily by raising money through taxation. When tax revenues are insufficient, the government can make up the difference by issuing debt.[1]
Public debt as a percent of GDP, evolution for USA, Japan and the main EU economies.Public debt as a percent of GDP by CIA (2012)
A debt crisis can also refer to a general term for a proliferation of massive public debt relative to tax revenues, especially in reference to Latin American countries during the 1980s, the United States and the European Union since the mid-2000s, and the Chinese debt crises of 2015.[2][3][4][5][6]
^Bondarenko, Peter (September 2015). "Debt crisis". Encyclopædia Britannica. Retrieved 29 March 2019.
^Jetin Duceux, Alice (December 2018). "An overview of Chinese Debt (Part 1)". CADTM.
^""Europe Banks Selling Sovereign Bonds May Worsen Debt Crisis" - SFGate". Archived from the original on 10 May 2020. Retrieved 19 November 2011.
^"Who is Handling Debt Crisis Better, United States or Europe" - US News [1]
^Marsh, Bill (May 1, 2010). "Europe's Web of Debt". The New York Times.
^"How's the Argentina Recovery Coming Along?" by Tyler Cowen
Debtcrisis is a situation in which a government (nation, state/province, county, or city etc.) loses the ability of paying back its governmental debt...
The European debtcrisis, often also referred to as the eurozone crisis or the European sovereign debtcrisis, was a multi-year debtcrisis that took place...
Latin American debtcrisis (Spanish: Crisis de la deuda latinoamericana; Portuguese: Crise da dívida latino-americana) was a financial crisis that originated...
US debtcrisis may refer to: 1995–1996 United States federal government shutdowns 2011 United States debt-ceiling crisis 2013 United States debt-ceiling...
Debt ceiling crisis may refer to one of these events in the United States debt ceiling history: 1995 United States debt-ceiling crisis, part of the 1995–1996...
since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic...
the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries....
the subprime mortgage crisis. The combination of banks unable to provide funds to businesses, and homeowners paying down debt rather than borrowing and...
deficit, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default...
crashes and bear markets List of largest U.S. bank failures Currency crisis Government debt War reparations Global settlement London Club Paris Club Reinhart...
the probability of a banking crisis or a default crisis. During a currency crisis the value of foreign denominated debt will rise drastically relative...
with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with mortgage-backed securities...
ever being repaid. The debt can result from many causes. Some of the high levels of debt were amassed following the 1973 oil crisis. Increases in oil prices...
The Mexican peso crisis was a currency crisis sparked by the Mexican government's sudden devaluation of the peso against the U.S. dollar in December 1994...
An ongoing socioeconomic and political crisis began in Venezuela during the presidency of Hugo Chávez and has worsened during the presidency of his successor...
managed to avoid the consequences of a liquidity crisis at the time, but it increased the public debt considerably in dollars and cost the entire economy...
fail to honor its debt is sometimes called a sovereign debtcrisis. Governments may be especially vulnerable to a sovereign debtcrisis when they rely on...
development and other information technology fields, technical debt (also known as design debt or code debt) is the implied cost of future reworking required when...
collateralized debt obligation (CDO) is a type of structured asset-backed security (ABS). Originally developed as instruments for the corporate debt markets...
crunch and the European sovereign debtcrisis, Portugal, with all of its structural problems—from the colossal public debt to the civil service's overcapacity—was...
subsequent Great Recession and Greek government-debtcrisis, a central focus of the wider European debtcrisis, plunged the economy into a sharp downturn,...
Global Information
