High levels of household debt are a common problem in developed and developing economies. Debt relief has been proposed as a solution, but such programs remain controversial because of limited evidence that they resolve debt overhang or stimulate economic activity. In this Policy Research Talk delivered on November 5, 2018, World Bank economist Martin Kanz provided new perspectives on these issues based on a set of recent research papers in which he examines the impact of one of the largest borrower bailouts in history, enacted by the government of India against the backdrop of the 2008-2009 global financial crisis.
This site uses cookies to optimize functionality and give you the best possible experience. If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here.
