How to Fix a Sovereign Debt Crisis

Published: Sept. 23, 2015, 7 a.m.

b'HKS Professor Carmen Reinhart details the lessons we can learn from two centuries of data on how countries have historically dealt with debt problems. She discusses the long menu of debt relief options that are often overlooked, criticizes the disparity between how debt problems are addressed in emerging markets and advanced economies, and applies her findings to the situations in Greece and Puerto Rico.'