銳實力貸款

The rise of ‘sharp power lending’

In 20 years working as a sovereign debt analyst, my job has changed significantly.

For many years, the first priority was to figure out which countries were heading into crises that would challenge their ability to pay (foreign) creditors — be they balance of payments, sovereign debt/fiscal, or banking crises.

The second part was determining when the IMF would be called in. Often, domestic political and social issues would stall the decision to make the call, making bad situations worse.

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