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Updated: Jul 30, 2025

Modifying the Bank Erosion Hazard Index BEHI Protocol for Rapid Assessment of Streambank Erosion in Northeastern Ohio
Published on: February 13, 2015
Interest Rate Normalization in a World with High Indebtedness
Sigga Benediktsdottir1, Soha Ahmed2
1Jackson School of Global Affairs, Yale University, New Haven, CT 06511 USA.
Abstract:
Global debt has grown to record levels. Government debt, corporate debt and household debt around the world rose to a high of 350% of world gross domestic product in 2022. The systemic risk that has built up during the extended period of low interest rates threatens to materialize now as rates rise worldwide. For countries in which external liabilities are high, debt service costs will increase, and refinancing may become prohibitively expensive. External liabilities and their term structures provide insight into which emerging and developing countries may be most vulnerable in the next months.
Supplementary Information:
The online version contains supplementary material available at 10.1007/s11293-023-09763-y.
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