How to Fix a Sovereign Debt Crisis
Published in
1 min readSep 23, 2015
HKS Professor Carmen Reinhart details the lessons we can learn from two centuries of data on how countries have historically dealt with debt problems. She discusses the long menu of debt relief options that are often overlooked, criticizes the disparity between how debt problems are addressed in emerging markets and advanced economies, and applies her findings to the situations in Greece and Puerto Rico.
You can read Professor Reinhart’s paper “Sovereign Debt Relief and its Aftermath,” co-authored with Christoph Trebesch of the University of Munich, on the Harvard Kennedy School Faculty Research Connection website.
Download This Episode
