Carmen Reinhart

Carmen Reinhart, a University of Maryland economist, discusses financial crises and what we can learn from them. Topics include capital inflows, the possibility of a US government default, causes of financial crises and regulatory failure, debt intolerance, and challenges of financial regulation.

Prof. Carmen Reinhart, a prominent Harvard economist and former Chief Economist at the World Bank, dives deep into sovereign debt dynamics. She contrasts high-yield corporate bonds with emerging-market sovereign debt, highlighting shared risk behaviors. Reinhart reveals the complexities of sovereign defaults versus corporate restructurings and discusses the historical average losses from defaults. She also examines China’s role as a selective lender and the socio-economic impacts of defaults, emphasizing their dire effects on GDP and health.

Carmen Reinhart, Harvard professor studying international economics, discusses the male-dominated field of finance and her detective-like approach to economics. The podcast covers her experiences as a prominent woman in economics, her bestselling book, her problem-solving methods, advice for women in the field, mentorship programs, collaboration, education, and perseverance in economics.