Amar Bhidé and Edmund Phelps’s piece in Project Syndicate: "The Root of All Sovereign-Debt Crises"

August 04, 2011

Edmund Phelps, director of the Center on Capitalism and Society, and Amar Bhidé, also a founding member of the Center, published an article entitled "The Root of All Sovereign-Debt Crises,” in Project Syndicate on August 4, 2011. The piece points to a mutually gainful arrangement in which a policy of tax-payer guarantees and bailouts reduces the interest rates paid by governments and reduces the riskiness to the banks of acquiring sovereign debt.

For the link to the article, please click here.