Küresel Finansal Krizinin Devlet Borçlarına Etkisi: Gelişmiş ve Gelişmekte Olan Ülkeler Açısından Bir Değerlendirme

Economic and financial crises both of which the severity and intensity have gradually increased with the globalisation have triggered fiscal imbalances in many countries. One of them is the crisis of 2008. While in previous crises countries have managed their debt stock positively in some way, the global recession followed by the financial crisis of 2008 has led to increases in debt stock enormously. However, there is a big divergence in the impact of the crisis on the advenced countries and emerging market countries. Emerging market countries, whose have more favorable macroeconomic indicators in the pre-crisis period were successfully able to manage to eliminate the adverse effects of the global financial crisis. By contrast, this has notably threatened the developed countries where the economic policy framework is unsatisfactory or relatively poor. This study deals with the effects of the global financial crisis on public debt by comparing countries' financial positions based on macroeoconomic indicators in pre- and post-crisis period.