Why do governments borrow? What happens when a country defaults
on its debt? How does a country get out of a debt crisis? St. Louis
Fed economist Paulina Restrepo-Echavarria answers these and other
related questions.
About the Podcast
In the Timely Topics podcast series, economists and other Federal Reserve Bank of St. Louis experts talk about their research and current topics in the news. (Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.)