@DanielaGabor If AE lenders want to bail in the bond holders then they must stand ready to substitute concessional lending on a large scale to compensate for lack of market access.
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…