Martín Guzmán presented at the Paris School of Economics on “the practice of analyzing the sustainability of sovereign debt”. Debt Sustainability Analyses (DSAs) have major implications for debt negotiations. The outcomes of these negotiations have distributional consequences between the debtor and its creditors on the one hand, and amongst creditors on the other hand. DSAs are not only technical analyses – they are based also on assumptions that are essentially political – but may also affect the outcomes of debt negotiations.
- Conference, Meetings and Workshops
- Date: July 3, 2025
The conventional perspective that a debt crisis occurs only when a country defaults is deeply