The first debt crisis since WW2, 1982-1989

In the latest episode of DebtTalks, Paola Subacchi and Jérôme Sgard dive into the debt crisis of the 1980s that hit many developing countries between 1982 and 1989. The 1989 Brady initiative put an end to the crisis and put the International Monetary Fund at the helm of the debt restructuring architecture. 

Guest: Jérôme Sgard is Professor of Political Economy at Sciences Po. He is the author of The Debt Crisis of the 1980s: Law and Political Economy (2023).

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