Profile: Carmen Reinhart

The renowned economist and University of Maryland professor tells Credit why sovereign defaults can be expected over the next few years, and discusses the likelihood of a double-dip recession.

After the turmoil that engulfed the financial system and global economy in 2008, last year was relatively serene, with most major economies beginning a slow climb out of recession and the international capital markets reopening. But as the year ended, a familiar threat reappeared, one that seems set to be a