Publications

What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami

World Bank Policy Research Working Paper 9871, World Bank, Washington, DC. November 2021
M. Ayhan Kose, Peter Nagle, Franziska Ohnsorge, and Naotaka Sugawara
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Global Waves of Debt: Causes and Consequences

Washington, DC: World Bank. 2021
M. Ayhan Kose, Peter Nagle, Franziska Ohnsorge, and Naotaka Sugawara
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A Mountain of Debt: Navigating the Legacy of the Pandemic

World Bank Policy Research Working Paper 9800, World Bank, Washington, DC. October 2021
M. Ayhan Kose, Franziska Ohnsorge, and Naotaka Sugawara
Publisher's website

Debt and Financial Crises

World Bank Policy Research Working Paper 9116, World Bank, Washington, DC. January 2020
Wee Chian Koh, M. Ayhan Kose, Peter S. Nagle, Franziska L. Ohnsorge, and Naotaka Sugawara
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Benefits and Costs of Debt: The Dose Makes the Poison

World Bank Policy Research Working Paper 9166, World Bank, Washington, DC. February 2020
M. Ayhan Kose, Franziska Ohnsorge, and Naotaka Sugawara
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Can This Time Be Different? Policy Options in Times of Rising Debt

World Bank Policy Research Working Paper 9178, World Bank, Washington, DC. March 2020
M. Ayhan Kose, Peter S. O. Nagle, Franziska L. Ohnsorge, and Naotaka Sugawara
Publisher's website

Global Recessions

World Bank Policy Research Working Paper 9172, World Bank, Washington, DC. March 2020
M. Ayhan Kose, Naotaka Sugawara, and Marco E. Terrones
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Caught by the Cresting Debt Wave

Finance & Development, June 2020, Volume 57, Number 2, Pages 40-43
M. Ayhan Kose, Franziska Ohnsorge, Peter Nagle, and Naotaka Sugawara
Publisher's website

The Growth Forecast Puzzle

Finance & Development, March 2019, Volume 56, Number 1, Pages 52-55
M. Ayhan Kose, Franziska Ohnsorge, and Naotaka Sugawara
Publisher's website

Surges and Reversals in Capital Flows

International Review of Economics & Finance, July 2018, Volume 56, Pages 92-98
Mahvash S, Qureshi, and Naotaka Sugawara
Publisher's website