The Tipping Point of Default

[Politico]

What is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting? Does anybody know of any good papers that examine this issue?

[Politico]

What is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting?

784%, by Guyana in 1990.

You must be logged in to read this quote.

http://www.imf.org/external/pubs/cat/longres.cfm?sk=24332.0

I thought it went without saying that I was asking "what is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting, excluding nations that got assistance from the IMF?"

Thanks for the paper, though. It's officially on the "to do" list. If anybody has any publications not in the IMF or World Bank databases, I would appreciate it!

[Politico]

What is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting?

784%, by Guyana in 1990.

You must be logged in to read this quote.

http://www.imf.org/external/pubs/cat/longres.cfm?sk=24332.0

I thought it went without saying that I was asking "what is the highest level of debt-to-GDP any nation obtained in the twentieth century without subsequently defaulting, excluding nations that got assistance from the IMF?"

Then Israel, 1984 at 284%.

Thanks for saving me some time

Perhaps we're not all doomed after all...