external debt crisis
An external debt crisis refers to a situation in which a country's government, businesses, or individuals are unable to meet their financial obligations to foreign creditors. It occurs when a country accumulates a significant amount of debt from external sources and experiences difficulty in making payments, often leading to severe economic challenges such as currency devaluation, default, or the need for financial bailouts.
Requires login.
Related Concepts (1)
Similar Concepts
- currency crisis
- debt crisis
- debt default
- eurozone debt crisis
- eurozone sovereign debt crisis
- external debt
- external debt sustainability
- financial crisis
- global financial crisis
- greek debt crisis
- international debt
- international debt sustainability
- public debt
- public debt management
- sovereign debt crisis