A small, high level conference to discuss sovereign debt problems around the world. We have a combination of the world’s top economists, lawyers, market participants, and policymakers already committed to participating. The keynote speech by Olivier Blanchard, Economic Advisor at the IMF, will discuss the Fund’s latest thinking on debt reprofiling and restructuring options. The remaining sessions will touch the major issues surrounding debt problems today, including an update on the recent court rulings and their implications, the latest thinking on how collective action clauses might evolve, and new proposals that might serve as alternatives to existing arrangements.
Attendance is by invitation only. A list of attendees can be found here
| Time | Activity |
|---|---|
| 08:00-09:00 | Registration/Tea,Coffee & Continental Breakfast |
| 09:00-11:00 | Panel 1 : Where things stand currently and lessons from recent events.Chair: Andrei Kirilenko (MIT) Marcus Miller (Warwick University) Ashoka Mody (Princeton University) Anna Gelpern (Georgetown University) Discussants – Michael Dooley (University of California Santa Cruz), Jaume Ventura (Centre de Recerca en Economia Internacional (CREI)) Comments by the Chair and General Discussion |
| 11:00-11:30 | Break – Tea/Coffee |
| 11:30-12:30 | Keynote Speech Olivier Blanchard (International Monetary Fund) |
| 12:30-14.00 | Lunch – Speaker: Lee Buchheit (Cleary Gottlieb Steen & Hamilton LLP) |
| 14:00-15:30 | Panel 2: Restructuring mechanisms I – Collective Action Clauses.Chair: Guillermo Ortiz (Grupo Financiero Banorte-IXE) Mitu Gulati (Duke University) Collective Action Clauses as restructuring mechanisms. Ignacio Tirado (Universidad Autónoma of Madrid) Collective Action Clauses for EuropeDiscussants: Mark Sobel (US Treasury) Rodrigo Olivares-Caminal (Queen Mary University)Comments by the Chair and General Discussion |
| 15:30 15:50 | Break – Tea/Coffee |
| 15:50-17:20 | Panel 3 : Restructuring mechanisms II – Proposals for Formal Restructuring MechanismsChair: Barry Herman (The New School) Steven L. Schwarcz (Duke University) Broad Overview Christoph Paulus (Humboldt University) Prospects and proposals for formal restructuring mechanisms for Europe Discussants: Charles Mooney (University of Pennsylvania); Comments by the Chair and General Discussion |
| 17:20-17:30 | Break |
| 17:30-19:00 | Panel 4 : Overview and concluding discussionChair: Steven T. Kargman (Kargman Associates)Anne Krueger (Johns Hopkins University),Jay Newman (Elliott Associates),Benu Schneider (United Nations)Comments by the Chair and General Discussion |
| 19:00-19:30 | Drinks Reception |