While it is no secret that bondholders like loan sharks will extract what they can…
Debt and Asia’s Success C. P. Chandrasekhar and Jayati Ghosh
An improved dataset from the Bank of International Settlements reveals that the post crisis ‘success’ of Asia in terms of growth was built on a pile of debt.
Debt_Asia_Success (Download the full text in PDF format)
(This article was originally published in the Business Line on October 26, 2015)