The Debt Pandemic

Jeremy Bulow, Carmen Reinhart, Kenneth Rogoff and Christoph Trebesch

MPRA Paper from University Library of Munich, Germany

Abstract: The COVID-19 pandemic has greatly lengthened the list of developing and emerging market economies in debt distress. For some, a crisis is imminent. For many more, only exceptionally low global interest rates may be delaying a reckoning. Default rates are rising, and the need for debt restructuring is growing. Yet new challenges may hamper debt workouts unless governments and multilateral lenders provide better tools to navigate a wave of restructuring. We offer suggestions.

Keywords: debt; default; emerging markets; policies (search for similar items in EconPapers)
JEL-codes: E6 F3 G0 G01 (search for similar items in EconPapers)
Date: 2020-09-01, Revised 2020-09-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/117468/8/Fand%20D_BRRT_2020.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117468

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().