1 “...The global economy has experienced four waves of rapid debt accumulation over the past 50 years...”

2 “...The world economy has experienced four global recessions over the past seven decades: in 1975, 1982...”

3 “...Episodes of debt accumulation have been a recurrent feature of the global economy over the past...”

4 “.... In advanced economies, following severe deteriorations during the crisis, many indicators of fiscal space have...”

5 “... and developing economies are currently in government debt booms. On average, the current booms have already...”

6 “...Emerging market and developing economies have experienced recurrent episodes of rapid debt...”

7 “... in emerging market and developing economies-dubbed the "fourth wave" of debt-had been underway. Because...”

8 “...This paper examines the factors that determine banking flows from advanced economies to emerging...”

9 “...Government debt has risen substantially in emerging market and developing economies (EMDEs) since...”

10 “... for the global economy in 2022-24. We report three major findings. First, every global recession since 1970...”

11 “... as an economy recovers (credit-with). To answer these questions, the paper uses quarterly data covering 96...”

12 “... that over time influence the structure of the economy, can play a significant role in explaining (and, going...”