Finance For Development Lab, Paris School of Economics, Centre pour la Recherche Économique et ses Applications, 48 boulevard Jourdan, 75014 Paris
Sovereign debt architecture is getting more complex, and new insights are needed to understand its transformations.
Sovereign debt architecture is getting more complex, and new insights are needed to understand its transformations. There have been signs of progress: in 2023, the “Common Framework”, the debt restructuring mechanism established by the G20 in November 2020, has delivered its first landmark deals. Official loans are increasingly integrating terms that provide for climate disaster contingencies. On the other hand, rising interest rate risks are materializing just as redemptions are poised to spike in 2024 and 2025. So-called “frontier markets” are facing difficulties rolling over capital market debt, and turning to more opaque and expensive sources of funding on less favorable terms. This might reduce their growth prospects and prevent investment in infrastructure, health, education, climate change. It could also generate increasing political conflicts. These problems, as well as many others, require new ideas, cutting edge research and dialogue between academics and policymakers.
The objective of DebtCon7, to be held at the Finance For Development Lab, Paris School of Economics, is to discuss state-of-the-art interdisciplinary research on sovereign debt and related policy issues, and to foster interaction among academics, senior policymakers and supervisors, industry representatives, and other practitioners.
As in the past, the 2024 conference will include both high-level roundtables, where practice, policy and research will meet, and parallel sessions, where established as well as emerging scholars will present research papers.
The past DebtCon editions – one virtual (D-Debtcon, 2020) and five in person (held at Georgetown University (2016 & 2019), the Geneva Graduate Institute of International and Development Studies (2017), the European University Institute (2022), and Princeton University (2023) – have established the conference as a unique venue for presenting legal, historical and social scientific research on sovereign debt-related issues, and discussing the policy implications of academic research.
We will provide further information about conference scheduling and events, including a draft schedule, in late February 2024.
Anna Gelpern (Institute of International Economic Law, Georgetown Law; and Sovereign Debt Forum)
Martin Kessler (Finance for Development Lab, Paris School of Economics)
Layna Mosley (Princeton Sovereign Finance Lab, Princeton University)
Ugo Panizza (Centre for Finance and Development, Geneva Graduate Institute; and International Center for Monetary and Banking Studies)
Deadline: December 15th, 2023
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