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Some Options for Addressing Puerto Rico’s Fiscal Problems

Author

Listed:
  • Hunter L. Clark
  • Andrew F. Haughwout
  • James A. Orr

Abstract

Puerto Rico’s economic and fiscal challenges have been an important focus of work done here at the New York Fed, resulting in two reports (2012 and 2014), several blog posts and one paper in our Current Issues series in just the last few years. As the Commonwealth’s problems have deepened, the Obama administration and Congress have begun discussing potential approaches to addressing them. In this post, we update our previous estimates of Puerto Rico’s outstanding debt and discuss the effect that various forms of bankruptcy protection might have on the Commonwealth.

Suggested Citation

  • Hunter L. Clark & Andrew F. Haughwout & James A. Orr, 2015. "Some Options for Addressing Puerto Rico’s Fiscal Problems," Liberty Street Economics 20151103, Federal Reserve Bank of New York.
  • Handle: RePEc:fip:fednls:87076
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    More about this item

    Keywords

    bankruptcy; Puerto Rico; debt;

    JEL classification:

    • H0 - Public Economics - - General
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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