The power of Pan-Africanism as a guiding vision for the continent’s development is widely studied, mostly as an aspirational phenomenon. At…
The paper reviews an event of 30 years ago from the perspective of today: a successful G-5 initiative to reverse what had been a…
This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in…
In both advanced and emerging economies, policymakers,
academics, and the financial community were still trying to make
sense of the…
This paper explores the menu of options for renormalizing public debt levels relative to nominal activity in the long run, should…
Authors Carmen M. Reinhart and Kenneth Rogoff discuss Venezuelan President Nicolas Maduro's response to a commentary by Ricardo Hausmann…