World Bank Blogs: Let's Talk Development
January 2021
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See citation below for complete author information.
Minos A. Zombanakis Professor of the International Financial System
Abstract
The global COVID-19 pandemic has resulted in soaring infection rates, widespread lockdowns, record-shattering declines in output, and spiking poverty. But, in addition to these trends, a quieter crisis now gaining momentum could jeopardize economic recovery prospects for years to come.
Citation
Reinhart, Carmen. "The quiet financial crisis." World Bank Blogs: Let's Talk Development. January 2021.