Tags » Sovereign Debt Crisis

Argentina's debt saga shows why we need a better way to deal with bankrupt countries

Something slightly strange will happen at the US Supreme Court today. It’s the deadline for amicus briefs in support of Argentina’s request to overturn lower court rulings that would force the country to service parts of the debt on which it defaulted in 2001. 798 more words

High public debt impedes recovery

This graph from a FRBSF paper Private Credit and Public Debt in Financial Crises, by Òscar Jordà, Moritz Schularick, and Alan M. Taylor, perfectly illustrates how high public debt levels impede the ability of an economy to recover from a financial crisis: 135 more words

Debt Levels

How a private credit boom can lead to a sovereign debt crises | FRBSF

From a FRBSF paper Private Credit and Public Debt in Financial Crises by Òscar Jordà, Moritz Schularick, and Alan M. Taylor:

Recovery from a recession triggered by a financial crisis is greatly influenced by the government’s fiscal position.

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Debt Levels

Boomerang

by Michael Lewis

In this semi-sequel to The Big Short, Michael Lewis travels across the globe to get a sense of how the real estate crash in the United States affected formerly solvent and prosperous nations. 835 more words

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