Sri Lanka defaulted on its external debt for the first time in its postcolonial history…
The Continuing Debt Problem in Asia C.P. Chandrasekhar and Jayati Ghosh
Private household debt is going to be a major concern for many Asian economies as excessive household debt and falling realty prices combine to create a potentially potent mix.
Continuing_Debt_Problem (Download the full text in PDF format)
(This article was originally published in the Business Line print edition dated December 8, 2015)