How does a country go bankrupt?
How does a country go bankrupt?
The notion of a country going bankrupt is a difficult one to imagine, but this is exactly what happened to Iceland earlier this year.
On Just to Clarify, we wanted to better understand this concept, and for that we talk to Dr. Subir Gokarn. Dr. Gokarn is at present chief economist at Standard & Poors Asia Pacific, and was formerly chief economist at the National Council for Applied Economic Research.
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