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    "text": "12/ One surprising omission is Colombia. Unlike most of Latin America, it never \"defaulted\" in the ’80s (though it rescheduled debt 4 times). Why? Likely strong U.S. political backing—an angle worth exploring.\nWe wrote about this here: ideas.repec.org/p/gii/giihei...",
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        "title": "On the Benefits of Repaying",
        "description": "This paper studies whether countries benefit from servicing their debts during times of widespread sovereign defaults. Colombia is typically regarded as the only large Latin American country that did"
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    "createdAt": "2025-03-17T10:34:32.802Z"
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