Oil-Producing Countries and Debt

04/05/2018 12 min
Oil-Producing Countries and Debt

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Episode Synopsis

Why should you care about the debt oil-producing countries hold? St. Louis Fed economist Paulina Restrepo-Echavarria explains her research on oil-producing countries in the developing world—in particular, their likelihood of defaulting on their public debt. Spoiler alert: Having more oil doesn't guarantee that a country won't default.