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Chinese language collectors’ obsession with secrecy and their outright refusal to cancel money owed held by low-income international locations will undermine the probabilities of success of any main sovereign debt restructuring initiative, argue World Financial institution economists Sebastian Horn and Carmen Reinhart together with College of Kiel economist Christoph Trebesch.
The three economists have revealed extensively on the difficulty of Chinese language lending practices to the world’s poorest international locations and are informally recognized by the acronym “HRT.”
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