The Covid-19 crisis has led to a sudden collapse in capital flows to emerging and developing countries, who now face problems servicing their external debts while addressing the growing economic strain of the pandemic. Immediate action is needed to prevent disorderly defaults, litigations, and a collapse in the international debt market.
In this webinar, authors of a recent CEPR Policy Insight, Patrick Bolton, Lee Buchheit, Mitu Gulati, Pierre-Olivier Gourinchas, Ugo Panizza and Beatrice Weder di Mauro explain why low- and middle-income countries are particularly vulnerable, discuss what is at stake for the world economy, and present a mechanism to implement a debt standstill which would free significant resources to cover some of the more immediate costs of the COVID-19 crisis.
Patrick Bolton, Columbia University, Imperial College and Fellow, CEPR
Lee Buchheit, Honorary Professor, University of Edinburgh Law School
Pierre-Olivier Gourinchas, UC Berkeley and Fellow, CEPR
Mitu Gulati, Duke Law School, Duke University
Ugo Panizza, The Graduate Institute, Geneva and Vice President, CEPR
Beatrice Weder di Mauro, The Graduate Institute, Geneva, INSEAD and President, CEPR
Moderator: Tim Phillips, CEPR
More Info & Registration
This webinar is organised by the Centre for Economic Policy Research (CEPR).