More vulnerable countries have a much harder time borrowing. Sometimes, financial actors do not want to lend at all and we are faced with episodes of "sudden stops" of capital flows into emerging markets with no way to roll over the debt.

— Hélène Rey Inflation, Sanctions and Debt Distress (2022)

More quotes by Hélène Rey

Inflation, Sanctions and Debt Distress (2022)

Inflation, Sanctions and Debt Distress (2022)

Inflation, Sanctions and Debt Distress (2022)

Inflation, Sanctions and Debt Distress (2022)

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