Unraveling the recent sovereign default wave

Guests William Foster and David Rogovic discuss the recent wave of sovereign defaults, exploring the reasons behind the defaults and the challenges faced in debt restructuring. They analyze the causes and consequences of the defaults, regional variations in debt burdens, and the absence of a global framework for debt restructuring. The podcast also addresses coordination problems in sovereign debt and the impact of defaults on global investment, emphasizing the need for countries to establish robust frameworks and policies to instill investor confidence.