Barry Eichengreen on Fixing the Debt Problem, Dollar Demise and Tech Impacts
Macro Hive Conversations With Bilal Hafeez
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Debt Restructurings and China's Role
This chapter explores the feasibility and challenges of debt restructurings in response to debt crises, with a focus on China's unique role as a creditor and their reluctance to restructure official loans. The chapter also discusses the limited success of recent frameworks for sovereign debt restructuring and the time-consuming nature of completing debt restructurings.
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