GLOBAL DEBT DYNAMICS INITIATIVE
INAUGURAL WORKSHOP
Date: 26 May 2016
Location: The Old Courtroom, Brighton
organised by the Sussex Centre for Global Political Economy (CGPE)
in co-operation with the IDS Centre for Rising Powers and Global Development (CRPD)
Download the programme as a pdf file here: GDD programme_
Download the workshop poster here: GDD_poster
PROGRAMME
9.00 – 9.30 Registration / Coffee & Tea
9.30 – 9.45 Welcome addresses
Andreas Antoniades, GDDI Convenor
Andrea Cornwall, Head of School of Global Studies, University of Sussex
Rorden Wilkinson, Head of Department of International Relations, Sussex
Jing Gu, Director of Centre for Rising Powers and Global Development, IDS
9.45 – 10.00 ‘Welcome – The global debt challenge today’
Stephany Griffith Jones (IDS; Financial Markets Program Director, Initiative for Policy Dialogue, Columbia University)
10.00 – 12.15 Roundtable A: Global Liquidity, Capital Flows and Debt
Chair: Andreas Antoniades (University of Sussex)
‘The second wave of global liquidity: Why are firms acting like financial intermediaries?’ Ugo Panizza (Graduate Institute, Geneva) [related paper and Presentation]
‘Leverage and currency mismatches in emerging economies’ Michael Chui (Bank for International Settlements) [related paper , Presentation_MC]
‘The political economy of emerging market sovereign bonds: Narrowing the policy space?’ Natalya Naqvi (LSE) [Abstract_NN , Presentation_NN]
‘Cross-border bank flows, global liquidity and house prices’ Kate Phylaktis (Emerging Markets Group; Cass Business School) [Abstract_KP , Presentation_KP]
‘Debt, Real Estate, and the Rise of Inequality in the UK and Western Europe from 1970’ Avner Offer (University of Oxford) [Abstract_AO , Presentation_AO]
Tabled Papers
‘The new resilience of emerging and developing countries: systemic interlocking, currency swaps and geoeconomics’ Andreas Antoniades (University of Sussex) [related paper]
‘How long do corporates borrow? Evidence from capital raising activity’
Juan Jose Cortina Lorente, Tatiana Didier, Sergio Schmukler (World Bank) [related paper]
‘International interbank markets and debt crises: evidence from Mexico’ Sebastian Alvarez (University of Geneva) [Presentation] [Related paper]
‘The sources and persistent effects of shocks to the net foreign assets of the EU countries’ Kian Ong (University of Nottingham)
‘Domestic banks as lightning rods? Home bias during Eurozone crisis’
Orkun Saka (Cass Business School) [related paper]
12.15 – 13.30 Lunch
13.30 – 15.30 Roundtable B: Political economy of ‘Debt and Development’
Chair: Jing Gu (Centre for Rising Powers and Global Development, IDS)
‘Debt sustainability analysis and methodologies revisited: The case for reforms’ Stephanie Blankenburg (UNCTAD) [Abstract_SB , Presentation_SB]
‘Developing local currency bond markets for long-term development financing in Sub-Saharan Africa’ Kathrin Berensmann (German Development Institute), Florence Dafe (German Development Institute) and Ulrich Volz (SOAS) [related paper , Presentation]
‘Institutional investors’ liabilities and emerging markets’ Bruno Bonizzi (SOAS) [Abstract_BB , Presentation_BB]
‘Debt and financialisation in emerging capitalist economics: the case of Brazil and Turkey’ Annina Kaltenbrunner (Leeds University Business School), Elif Karacimen (Rize University) [Abstract_KK , Presentation]
‘A retrospective on the symbiosis of global redistribution and development: Lessons for the present and future from two icons of Development Studies’ Andrew M. Fischer (Institute of Social Studies, The Hague) [related paper , Presentation_AF]
Tabled Papers
‘The global limits of anti-austerity: The case of Argentina, 2004-2014’ Miguel Rivera Quinones (University of Puerto Rico)
‘The Asian Infrastructure Investment Bank: What can it learn from, and perhaps teach to, the multilateral development banks?’ Stephany Griffith-Jones (IDS; IPS, Columbia) Li Xiaoyun (IPRC, China) and Stephen Spratt (IDS) [related paper]
‘The political economy of microfinance: financialising poverty’ Philip Mader (IDS) [Abstract_PM]
‘Do natural resource revenues hinder financial development? The role of political institutions’ Sambit Bhattacharyya (University of Sussex) and Roland Hodler (University of Lucerne) [related paper]
15:30 – 16:00 Tea & Coffee break
16.00 – 18.00 Roundtable C: Global Debt Waves. Continuities, Changes, Governance
Chair: Sambit Bhattacharyya (University of Sussex)
‘The new debt trap: the increase in low income country debt payments as a result of the fall in commodity prices and high US dollar’ Tim Jones (Jubilee Debt Campaign) [related report , Presentation_TJ]
‘New lenders and old problems with sovereign debt crisis resolution’ Yuefen Li (South Centre) [Abstract_YL]
‘The political utility of multilateral borrowing: Middle income countries and demand for multilateral loans’ Lauren Phillips (IFAD) [Abstract_LP , Presentation_LP]
‘The International Financial Institutions’ debt governance framework for developing countries: What is new and what is missing?’ Kathrin Berensmann (German Development Institute) [Abstract_KB , Presentation_KB]
‘Dealing with global debt’ Katarina Sehm Patomaki (CASR institute, RMIT University, Melbourne) [Abstract_KS]
Tabled papers
‘Growth-Linked Securities’ Stephany Griffith-Jones (IDS; IPS, Columbia) and Dagmar Hertova (UN-OHRLLS) [related paper]
‘Serial payers, serial losers? The political economy of Argentina’s public debt’ Daniel Ozarow (Middlesex University Business School) and Francisco Cantamutto (FLASCO, Mexico) [related paper]
‘Fragile Renegades: Offshore banking centers in the global financial crisis’ Daniel Haberly (University of Sussex) and Dariusz Wojcik (University of Oxford) [related paper]
‘Varieties of debt management in Central and Eastern European countries: An institutional investigation of international financial transactions’ Dora Piroska (IBS, Budapest)
18.00 – 18:20 Closing Remarks
Sponsors
We kindly acknowledge the financial support of:
Research Opportunities Fund, University of Sussex
School of Global Studies, University of Sussex
CGPE, University of Sussex
CRPD, Institute for Development Studies
global debt dynamics 