@gregclaeys@StavrosZenios Conditionality is not being in an Excessive Deficit Procedure, which has never been opened for a breach of the debt criterion
🚨🚨 New paper alert! 🚨🚨
This is a survey chapter on Sovereign Debt with Leo Martinez, @francisco_roch, and @jzettelmeyer.
We have one question in mind: what makes debt safe in some cases and risky in others?
https://t.co/a45bvzZKTs