Frenkel: Distinguishing Between Good, Bad Debt Solutions

The transcript discusses Carmen Reinhart's views on Greek debt, emphasizing the need for restructuring and forgiveness. It explores various mechanisms for debt reduction, such as forgiveness and default, and considers the long-term consequences of these solutions. The importance of understanding the incentive effects of debt solutions is highlighted.

How does Carmen Reinhart view the potential for Greek economic growth?

What are the key mechanisms mentioned for addressing debt problems?

What does the phrase 'the morning after' refer to in the context of debt solutions?

What concerns are raised about the consequences of debt forgiveness?

What is the significance of the incentive effect in solving current debt problems?