Скачать с ютуб To Repay or to Default? How Economies Deal with Sovereign Debt (Ugo Panizza) - FBFpills #19 в хорошем качестве

To Repay or to Default? How Economies Deal with Sovereign Debt (Ugo Panizza) - FBFpills #19

Ugo Panizza (Professor of Economics and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies in Geneva) discusses how economies deal with sovereign debt issues. Over the history, different countries have acted differently towards their sovereign debt obligations. Due to its peculiar characteristics, the decision to repay or to default sovereign debts depends on a series of economic, technical and political decision. Empirical evidence shows that it is very hard to evaluate the cost of a default; furthermore, countries normally default too late, beyond the optimal point. In this pill, Professor Panizza explains why this happens, in the light of the theoretical models and policy proposals for sovereign debt restructuring mechanisms. Reference: - DP17357 Debt Sustainability with Involuntary Default, Fabrice Collard, Michel Antoine Habib, Ugo Panizza, Jean-Charles Rochet, Centre for Economic Policy Research (CEPR), https://cepr.org/active/publications/... --- The Florence School of Banking & Finance is a European platform bringing together practitioners and academics from the Banking and Finance sector to develop a common culture of regulation and supervision in the European Union. It does so through training and policy debate, in close interaction with its network of leading academic institutions. https://fbf.eui.eu/ Check out our courses: https://fbf.eui.eu/training/ Join our newsletter! https://fbf.eui.eu/contacts/