The Leibniz Institute for Financial Research SAFE, the Centre for Economic Policy Research (CEPR) and the Institute for Banking and Financial History (IBF) organize and cordially invite you to attend a web seminar on
The Covid Debt Pandemic:
Historical Lessons and Challenges Ahead
Ugo Panizza (The Graduate Institute Geneva and CEPR)
Christoph Trebesch (Kiel Institute for the World Economy and CEPR)
Jan Pieter Krahnen (SAFE, Goethe University and CEPR)
Tim Phillips (CEPR)
This debate focuses on the looming sovereign debt crisis in developing countries and emerging economies. How can Africa and Latin America avoid another “lost decade” as in the 1930s and 1980s? What reforms are needed to improve sovereign debt workouts? And how can future defaults be resolved fairly, with the participation of China and private investors? To address these questions we look back at the history of sovereign debt crises and their resolution. Building on the “lessons learned” we then discuss the most influential current proposals to address the Covid debt pandemic.