Bad debts are mounting up. Here’s how efficient markets can help

Dec 18, 2019

A man peers into a closed down shop, next door to another shop holding a closing down sale, in central London February 27, 2013. Britain's economy contracted by 0.3 percent in the last quarter of 2012 as first thought, keeping alive the danger of a third recession since 2008, although yearly growth was revised up, data showed on Wednesday. REUTERS/Andrew Winning (BRITAIN - Tags: POLITICS BUSINESS) - LM1E92R1CFH01

Firms in default risk going out of business, which increases unemployment. Image: REUTERS/Andrew Winning

Paulo de Bolle

Global Senior Director, Financial Institutions Group, IFC

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