IIPP PhD Workshop: Advanced Topics in Sovereign Debt Sustainability Analysis

04 October 2024, 2:00 pm鈥�4:15 pm

Join 香港六合彩中特网 IIPP PhD Workshop with Professor Mart铆n Guzm谩n.

Event Information

Open to: 香港六合彩中特网 students | Invitation Only
Availability: Yes
Organiser: Carolina Alves

carolina.alves@ucl.ac.uk
Location: Room G04

11 Montague Street

London

WC1B 5BP

United Kingdom

聽PLEASE NOTE THAT THIS WORKSHOP IS ONLY AVAILABLE FOR IIPP PHD STUDENTS, IIPP RESEARCH FELLOWS AND INVITEES.

Debt Sustainability Analyses (DSAs) have major implications for debt negotiations. The outcomes of these negotiations have distributional consequences between the debtor and its creditors on the one hand, and amongst creditors on the other hand. DSAs are not only technical analyses 鈥� they are based also on assumptions that are essentially political 鈥� but may also affect the outcomes of debt negotiations. The study of the institutional and political frameworks under which DSAs are performed has been largely overlooked by the literature. This workshop provides a deep dive into Mart铆n Guzman and Joseph Stiglitz鈥檚 paper analysis of the practice of DSAs, with a focus on the frameworks in which it occurs, the implications of the choices of assumptions, and the consequences for debt negotiations.

Workshop Agenda

14:00 pm - 14:30 pm - Session 1: Introduction to聽Debt Sustainability Analyses (DSAs)
14:30 pm - 15:00 pm - Interactive Discussion
15:00 pm - 15:15 pm - Break
15:15 pm - 15:45 pm - Session 2: IMF's DSA Practices
15:45 pm - 16:15 pm -聽Interactive Discussion

Readings:

Guzman, Martin, Maia Colodenco, and Anah铆 Wiedenbrug. "Power in sovereign debt markets: debtors鈥� coordination for more competitive outcomes." Industrial and Corporate Change 33, no. 2 (2024): 507-518.
Guzman, M. and Stiglitz, J. (2024) 鈥楾he Practice of Sovereign Debt Sustainability Analysis鈥� . Series Debt Sustainability Assessments & Their Role in the International Financial Architecture. Available:聽

Complementary Readings:

Guzman, Martin, and Daniel Heymann (2015). 鈥淭he IMF debt sustainability analysis: issues and problems.鈥澛�Journal of Globalization and Development聽6, no. 2: 387-404. (Note that this reading

* This reading is for those interested in a more technical aspect of the discussion

About the Speaker

Mart铆n Guzm谩n

Professor at Columbia University鈥� School of International and Public Affairs (SIPE)

Mart铆n Guzm谩n is a Professor at Columbia University鈥� School of International and Public Affairs (SIPE). He served as Minister of Economy of the Republic of Argentina (December 2019- July 2022). He is a leading global expert in the fields of sovereign debt and debt crisis resolution. His research focuses on the emergence, propagation, and resolution of macroeconomic disequilibria, monetary economics, and economic development. His research has been published in leading international journals and books. He is also a Professor of Money, Credit, and Banking at the National University of La Plata, Argentina. He is the co-President of the Initiative for Policy Dialogue (IPD), an academic center at Columbia University Business School established in 2000 by Nobel Laureate Joseph E. Stiglitz, which works to broaden dialogue and explore trade-offs in development policy by bringing the best ideas in development to policymakers facing globalization鈥檚 complex challenges and opportunities, and that strives to contribute to a more equitably governed world by democratizing the production and use of knowledge. He is a member of the Pontifical Academy of Social Sciences in the Vatican and a Young Global Leader of the World Economic Forum. He is also a Commissioner of the Independent Commission for the Reform of International Corporate Taxation (ICRICT). He holds a PhD. In Economics from Brown University, United States (2013). Prior to his doctoral studies, he received a B.A. in Economics (2005) and a M.A. in Economics (2007) from the National University of La Plata, Argentina.

香港六合彩中特网