Economists from the International Monetary Fund (IMF) recently announced that global public debt would soon collectively catch up to the worldwide gross domestic product (GDP), likely matching it by 2030. New research from the University of Notre Dame suggests that this could happen even sooner, thanks to countries’ hidden debts. Monitoring a country’s debt level is also top of mind for investors and analysts who want to ensure the lendability and dependability of a borrower. But revelations of hidden debt have dire consequences for those misreporting borrowers and those who lend to them. […]