Mitu Gulati is a scholar who writes in several fields, including contract law, sovereign debt, judicial behavior, law firm dynamics, and the study of race and gender disparities. His work uses a range of research techniques (qualitative, quantitative and historical). Gulati’s work on contract law asks the fundamental question of whether the terms of contracts among sophisticated parties come anywhere close to the model of fully informed and sophisticated contract drafting that judges and lawyers often assume exists. In particular, he has extensively studied the topic of “contract stickiness,” where contract terms continue to be used from contract to contract even when they are not the terms the parties would choose if starting from scratch. Gulati has addressed complex and technical issues regarding the sovereign debt pricing and restructuring, as well as questions concerning whether countries should pay for the debts of former despotic leaders after the despots have been overthrown.
Featuring this expert
Debt Talks Episode 5 | Developing Country Debt: What's Next?
with Sarah-Jayne Clifton, Mitu Gulati, and Philippa Sigl-Glöckner; moderated by Moritz Schularick
Can developing countries cope with high debt levels? How dire is the situation? Has the policy response been adequate? And what’s the situation in private external debt, and what should be done about private creditors? This edition of Debt Talks will discuss the situation in developing country debt during and after the COVID-19 pandemic.