NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability

Pablo A. Gluzmann, Martin M. Guzman, Joseph E. Stiglitz

NBER Working Paper No. 25256
Issued in November 2018

---- Acknowledgments ----

We wish to thank Gustavo J. Bobonis, Deepak Lamba-Nieves, Sergio M. Marxuach, Daniel Santamaria Ots, Brad Setser, Zaakir Tameez, and Jennifer Wolff for valuable discussions; and four anonymous reviewers and participants of a seminar at the University of Puerto Rico Law School for useful comments. Usual caveats apply. Martin Guzman and Joseph Stiglitz are grateful to the Institute for New Economic Thinking for supporting their research agenda on debt crises resolution. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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