◈ ExplanationAdvancedPersonal Finance › Debt & Credit
The 2022 Default — How Sri Lanka Ran Out of Dollars
In April 2022, Sri Lanka defaulted on $51 billion in foreign debt after foreign exchange reserves dropped below $50 million. Driven by twin deficits, 2019 tax cuts, and a disastrous 2021 chemical fertilizer ban, the island suffered hyperinflation and political collapse before securing a $3 billion IMF bailout.
6m·👁 0
◈ ExplanationAdvancedFinancial History › Crisis & Financial History
The 1998 Russian Default — The Ruble Collapse That Triggered a Global Crisis
A detailed breakdown of the 1998 Russian financial crisis, exploring how the GKO treasury bill default and the devaluation of the ruble shocked global markets and brought down the hedge fund LTCM.
4m·👁 1
◈ ExplanationAdvancedGovernment & Fiscal Policy › Fiscal Policy
Sovereign Debt and Fiscal Resilience of the Russian Federation
An analysis of Russia's public debt dynamics, exploring the low debt-to-GDP ratio, the 2022 technical Eurobond default, the domestic OFZ bond market, and the restructuring of the fiscal rule.
1m·👁 16