Complexity and Controversy in Resolving Sovereign Debt Crises

The World Bank estimates many low- and middle-income countries are at high risk of debt distress. Should they cut spending, which may increase poverty and create social unrest? Should they default on their debts, which will make it harder to access credit markets in the future? Good Authority editor Erik Voeten speaks with Princeton Professor Layna Mosley, an expert on the politics of sovereign debt, to answer these questions and more.