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Clauses & Controversies

Ep 133 ft. Jerome Sgard

Apr 8, 2024
Jerome Sgard discusses the 1980s debt crisis and the Brady Plan, unraveling the hidden history of sovereign debt crises. Topics include the complexities of restructuring, sovereign debt litigation dynamics, and the US government's position. Explore the non-contractual nature of standby agreements, secret buybacks, and strategies for market re-entry.
44:26

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The 1980s debt crisis led to the revival of bond markets through the Brady Plan.
  • Research on the debt crisis involved extensive archival material and interviews with key participants.

Deep dives

The Evolution of Sovereign Debt Crises in the 1980s

The podcast episode delves into the historical evolution of resolving sovereign debt crises in the 1980s before the modern era of bond lending. Jerome discusses insights from his book, highlighting the transition to the Brady plan and the historical context surrounding the debt crisis. He emphasizes the significance of understanding this period due to the lack of comprehensive references and the lasting impact on policy development.

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