Unraveling the Mystery of Secret Borrowing

Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that officials borrowed in secret.

This was a high-profile example of hidden debt, but it's far from the only example. In fact, this kind of secret borrowing is a large and common problem among countries.

Today on the show, a pair of economists share their new research on hidden debt and how it affects everyday people.

Related Episodes:
Why a debt tsunami is coming for the global economy
What looks like a bond and acts like a bond but isn't a bond?

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