Sovereign finances survived the global recession, just barely in some cases, but now Puerto Rico and Venezuela are insolvent. While the reasons for their plight may differ, there are lessons common to all defaults that investors and citizens should heed.
Nov 30, 2017 Carmen M. Reinhart predicts that key similarities between Puerto Rico and Venezuela will emerge as their debt sagas play out.
Oct 6, 2016 Ricardo Hausmann & Mark Walker examine the perils holdout creditors now pose for countries, like Venezuela, facing sovereign default.
Nov 9, 2015 Joseph E. Stiglitz & Martín Guzmán believe that restructuring should be subject to nine principles adopted in September by the UN.
Sep 2, 2015 Anne O. Krueger says that the US and the island's government both bear responsibility for the deepening crisis.
Sep 4, 2024 Yuen Yuen Ang
Sep 9, 2024 Dani Rodrik
Sep 4, 2024 Angela Huyue Zhang
Sep 6, 2024 Mark Leonard
With less than two months to go until the US presidential election, the candidates’ opposing worldviews, objectives, and priorities – and their implications for international relations, the economy, and democracy – have come into sharper focus. While it is impossible to know exactly what a leader will do once in office, the contours of both a Donald Trump and a Kamala Harris presidency are remarkably well defined.
