Tag: Shanghai Model
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Can the “Shanghai Model” Solve the Global South Debt Crisis?
During the last major Global South debt crisis in the late 1980s, the United States pioneered an initiative that bundled together all of these countries' debts into a bond that would then be re-packaged and sold to investors. These so-called "Brady ...
The Shanghai Model: A Potential Solution for Debt Distressed Countries?
By Ying Qian At this year’s first G20 Finance Ministers and Central Bank Governors Meeting in Jakarta, Indonesia, members issued a communiqué highlighting the unevenness of the global economic recovery from the COVID-19 pandemic. Among many factors, debt distress and increased commodity ...