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The 1MDB Scandal And The Nature of Debt

The 1MDB Scandal And The Nature of Debt

Odd Lots

January 21, 201935m 47s

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Show Notes

At the heart of government debt is a promise to pay back creditors. But governments sometimes don't do this - either by defaulting on their bonds or restructuring their debt. How are these decisions made? And what happens to borrowings that governments say should never have been done at all?

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