Sri Lanka defaulted on its external debt for the first time in its postcolonial history…
Ever Expanding Debt Bubbles in China and India C.P. Chandrasekhar and Jayati Ghosh
Even though China appears to have a much higher level of debt- GDP ratio, India’s debt situation with much lower levels of corporate debt may prove to be more problematic.
expanding_debt_bubbles (Download the full text in PDF format)
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