NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Debt Overhangs: Past and Present

Carmen M. Reinhart, Vincent R. Reinhart, Kenneth S. Rogoff

NBER Working Paper No. 18015
Issued in April 2012

---- Acknowledgements -----

This paper was prepared for the Journal of Economic Perspectives. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research or the institutions that they are affiliated with.

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