Question: Rogoff , Kenneth ( 2 0 2 2 , Fall ) . Emerging Market Sovereign Debt in the Aftermath of the Pandemic. Journal of Economic

Rogoff, Kenneth (2022, Fall).Emerging Market Sovereign Debt in the Aftermath of the Pandemic. Journal of Economic Perspectives, 36(4),147-166.
a. Why was the fiscal response of emerging markets and low-income developing economies to the Pandemic different from the fiscal response of advanced economies like the US and EU?
b. What reasons did Prof. Rogoff offer to suggest that the risks of emerging market debt crisis are higher now in the Post-COVID 19 era than during the past two decades?
c. What were the traditional roles of the IMF in dealing with past debt crises and what are some of the criticism of the IMFs programs?Why did Prof. Rogoff advocate that the IMF should provide more outright grants than loans?

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