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14min chapter
Ep 23 ft. Lee Buchheit, Joyce Chang, and Jeromin Zettelmeyer
Clauses & Controversies
Concerns and Predictions for Sovereign Debt Markets
The speakers discuss their concerns about the sovereign debt markets, including the occurrence of sovereign defaults and the need for debt restructuring. They emphasize the importance of distinguishing between different emerging markets and express worries about the logistics and availability of the COVID-19 vaccine in these markets. While they are slightly more optimistic due to good news on vaccines, they still expect additional debt restructurings that are not currently anticipated.
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