Sovereign Debt Crises: Past, Present and Future
Instructor: Hans Joachim Voth
- Is this time different? Sovereign debt crises over the long run
- Illiquidity and insolvency: Measurement and conceptual issues
- Punishment vs reputation in theory and practice
- The price of default: Investor returns from sovereign debt, 1850-2010
- Stability at what price? Solvency, austerity, and social instability
- Regulating stability: Plans for a “New Financial Architecture”
Dates: July 2 – 6
Time: 13:30 – 15:30 h
Price: 600 Euros (Students: 400 Euros)
As you can see, I will cover a bunch of things, from a conceptual framework for sovereign debt crises, the risk of self-fulfilling "debt runs" and the absence of state-contingent debt to important empirical regularities over the last 200 years (with a detailed discussion of Reinhart and Rogoff's classic This Time Is Different). I will also talk about some of my recent research on the link between political and social instability and austerity (short summary over at VOX here).
You can sign up here.