Details
This conference brought together scholars, policymakers and private sector participants to consider contemporary issues in the realm of sovereign finance. We focused on the domestic and international politics related to governments' financing priorities and decisions; choices among creditors; and debt restructuring and default. We sought to combine discussions of academic research with insights from practitioners.
View participants list here. Read the post-event summary.
Schedule
Only presenting authors listed. See posted papers for full author details.
Wednesday, April 17 | |
2:00pm | Welcome |
The Domestic and International Political Economy of Sovereign Finance Ideology and Borrowing | Elections and Volatility | Choices among Creditors | |
2:15pm | The Domestic and International Politics of Access and Default |
Chair: Jonathan Goulden (JP Morgan) Cameron Ballard-Rosa (UNC Chapel Hill), Politically Feasible Sovereign Finance Peter Rosendorff (New York University), Paris Club Sovereign Debt Restructuring and the Rise of China Lauren Ferry (University of Mississippi), Crises and Consequences: The Role of U.S. Support in International Bond Markets | |
3:45pm | Break |
4:00pm | Reforming Global Finance |
Chair: Penelope Hawkins (UNCTAD) Anna Gelpern (Georgetown Law School), Public Debt under the Guardianship of the Constitution. Martin Kessler (Finance for Development Lab), Dealing with Liquidity Crises: the Bridge Proposal Theo Maret (Global Sovereign Advisory), Comparability of Treatment David Mihalyi (World Bank), Debt for Development Swaps: A Financial Assessment Framework | |
5:30pm | Reception |
Thursday, April 18 | |
8:30am | Coffee and Pastries |
9:00am | China’s Role in Sovereign Finance |
Chair: Yannis Manuelides (Director, Elmar Advisors; Consultant and former partner, Allen & Overy LLP) Deborah Brautigam (Johns Hopkins University), Integrating China into Multilateral Debt Relief Short version | Long version Brad Parks (AidData/College of William and Mary), Belt and Road Reboot: Beijing's Bid to De-Risk Its Global Infrastructure Initiative Andrea Presbitero (IMF), The HIPC Initiative and China’s Emergence as a Lender: Post Hoc or Propter Hoc? Alexandra Zeitz (Concordia University), China, the Sovereign Debt Regime, and the IMF | |
10:30am | Break |
10:45am | Governments and Governance |
Chair: Peter Rosendorff (New York University) Eric LeCompte (Jubilee USA Network), Comparability, Restructuring and Diego Rivetti (World Bank), Raising the Bar on Debt Transparency | |
11:45am | Lunch |
1:00pm | The Law and Political Economy of Restructuring |
Chair: Sarah Brooks (Ohio State University) Tamon Asonuma (International Monetary Fund), Costs of Sovereign Debt Restructurings: Output, Investment, Bank Credit, Exports and Imports (paper 1) (paper 2) Mark Weidemaier (UNC Chapel Hill), The Judgment-Holder Problem in Sovereign Debt Workouts Monica Widmann (Princeton University), Information Clearinghouse: Market Implications of US Judicial Decisions Mark Wright (Federal Reserve Bank of St. Louis), The Seniority Structure of Sovereign Debt | |
2:30pm | Break |
3:00pm | Debt and Development |
Chair: Reza Baqir (Alvarez & Marsal; Harvard University) Jonas Bunte (University of Vienna), Export Credit Agencies and the Environment Mark Manger (University of Toronto), To Tax or to Tap: Dependent Revenue Policy in Zambia Anahí Wiedenbrüg (Facultad Latinoamericana de Ciencias Sociales; and Suramericana Visión), An Exploration of the Relationship Between Sovereign Debt and Politics (paper 1) (paper 2) | |
4:15pm | Sovereign Finance and Borrower Governments Revisited |
A Fireside Chat with The Honourable Wale Edun (Finance Minister, Government of Nigeria) Moderated by Layna Mosley (Princeton University) | |
5:15pm | Adjourn |