Discussion Paper

Some Options for Addressing Puerto Rico’s Fiscal Problems

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.

Keywords: bankruptcy; Puerto Rico; debt;

JEL Classification: H0; R1;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2015-11-03

Number: 20151103