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Mark Aguiar: When Sovereign Debt Breaks its Promise

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Manage episode 433145473 series 2794665
Kandungan disediakan oleh IMF Podcasts. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh IMF Podcasts atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

For decades, governments have been tapping into global sovereign debt markets to smooth ups and downs in revenue with the hope that it would help spur investment. But what happens when government borrowing fails to deliver, and the citizens are left paying the bill? Mark Aguiar says emerging market and developing economies are especially vulnerable to interest rate spikes when debt levels are high. Aguiar is the Director of the International Economics Section at Princeton University, and his research suggests that sovereign borrowing to stabilize the economy may have the opposite effect.

Transcript: https://bit.ly/3yHY3T8

Read the article at IMF.org/fandd

  continue reading

653 episod

Artwork
iconKongsi
 
Manage episode 433145473 series 2794665
Kandungan disediakan oleh IMF Podcasts. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh IMF Podcasts atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

For decades, governments have been tapping into global sovereign debt markets to smooth ups and downs in revenue with the hope that it would help spur investment. But what happens when government borrowing fails to deliver, and the citizens are left paying the bill? Mark Aguiar says emerging market and developing economies are especially vulnerable to interest rate spikes when debt levels are high. Aguiar is the Director of the International Economics Section at Princeton University, and his research suggests that sovereign borrowing to stabilize the economy may have the opposite effect.

Transcript: https://bit.ly/3yHY3T8

Read the article at IMF.org/fandd

  continue reading

653 episod

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