Debt resolution: moving on after the crisis

In this episode of The Sound of Economics, we discuss the issue
of indebtedness and debt resolution with Carmen Reinhart,
Professor of the International Financial System at the Harvard
Kennedy School.


Professor Reinhart highlights the scale of the debt overhang in
many advanced economies. She also presents evidence that
deleveraging has been notably slow since the last global
financial crisis.


She discusses how this overhang is affecting the speed of
recovery, and calls for debt restructuring – especially in the
private sector.


We also hear from Bruegel Research Fellow Maria Demertzis, who
explains the significance of non-performing loans and argues for
simplified bankruptcy laws.


SPEAKERS: Carmen Reinhart, Professor of the international
financial system, Harvard Kennedy School Maria Demertzis,
Research Fellow, Bruegel


CREDITS Presented by Giuseppe Porcaro Produced by Vanessa
Cotterell and Giuseppe Porcaro