Low interest rates have reduced the pandemic’s damage to emerging market sovereign debt burdens

This post summarizes my presentation for the AEI event, “Coping with COVID-19 in Emerging Market Economies,” on February 5, 2021.[1] In the wake of the COVID-19 pandemic, governments in emerging market economies (EMEs) ratcheted up ....

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Scenarios for US interest rates and emerging market default: The good, the bad, and the ugly

This note summarizes my presentation for the AEI Event, “The Debt Challenge of Emerging Market Economies”, October 28, 2020.[1] How likely are emerging market (EM) economies to default? Even before the coronavirus pandemic, many of ....

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