Showing results 1 - 10 of 97
| Carmen Reinhart
March 30, 2021, Paper: "Today, more than half of low-income countries eligible for relief under the Debt Service Suspension Initiative are either in debt distress or at high risk. Several emerging markets have either recently restructured (Argentina and Ecuador) or remain in default (Lebanon, Surinam, and Venezuela). In this context, this column reviews some of the features of external sovereign debt restructurings. It shows that default spells…
| Carmen Reinhart
March 8, 2021, Opinion: "The Covid-19 pandemic and the accompanying economic lockdowns have deepened inequality both within national borders and across the globe. Many low-income countries have suffered..." Read Via Bloomberg Quint
HKS Author -…
| Kenneth Rogoff | Carmen Reinhart | Roger Porter
January 14, 2021, Video: "The global financial crisis of 2007 - 2008 caused major structural changes in macroeconomic policy in virtually all countries. In the 10 years after the crisis, both budgetary and monetary policies, primarily, in developed countries, were often called “non-traditional,” indicating that at some point states would return to “traditional” policies. The 2020 pandemic and the reaction of the authorities to it, now - of…
| Carmen Reinhart
January 7, 2021, Opinion: "The global COVID-19 pandemic has resulted in soaring infection rates, widespread lockdowns, record-shattering declines in output, and spiking poverty. But, in addition to these trends, a quieter crisis now gaining momentum could jeopardize economic recovery prospects for years to come."…
| Carmen Reinhart | Lawrence H. Summers | Nicholas Burns
December 15, 2020, Video: "Join World Bank Chief Economist Dr. Carmen Reinhart in conversation with Lawrence H. Summers and Nicholas Burns on economic diplomacy in the time of COVID-19. The World Bank expects over 90% of countries to be in recession in 2020 due to the COVID-19 pandemic. Advanced economies will shrink by 7%, and developing economies by 2.5%. An additional 100 million people around the globe will fall into extreme poverty because…
| Carmen Reinhart
November 23, 2020, Video: "Carmen Reinhart, World Bank chief economist, and Vincent Reinhart, Standish Mellon Asset Management chief economist, discuss the lasting consequences of economic shocks like the Covid-19 pandemic and say the current state of the economy should be considered a pandemic depression. They speak on "Bloomberg Surveillance."
| Carmen Reinhart
November 5, 2020, Video: "Debt and Financial Crises: Implications for the Post-COVID Landscape" 21st Jacques Polak Annual Research Conference: Mundell-Fleming Lecture by Carmen Reinhart." Watch Via the IMF on Youtube
Non-HKS Author Website - Gita Gopinath
| Carmen Reinhart
September 30, 2020, Video: "Financial fragility in Latin America: Caused or exacerbated by COVID-19?" (Interpreted into English) Watch Via Fondo Latinoamericano de Reservas FLAS on Youtube
| Carmen Reinhart
2020, Paper: "The COVID-19 pandemic poses a once-in-a-generation threat to the world's population. Although this is not the first disease outbreak to spread around the globe, it is the first one that governments have so …" Read Via Foreign Affairs
| Carmen Reinhart | Kenneth Rogoff
September 2020, Paper: "The COVID-19 pandemic has greatly lengthened the list of developing and emerging market economies in debt distress. For some, a crisis is imminent. For many more, only exceptionally low global interest rates may be delaying a reckoning. Default rates are rising, and the need for debt restructuring is growing. Yet new challenges may hamper debt workouts unless governments and multilateral lenders provide better tools to…