Speaker: Gregory Makoff, Mossavar-Rahmani Center for Business and Government Senior Fellow
Moderator: José Ignacio Hernandez, Former Visiting Fellow, Growth Lab
Drawing on lessons from Argentina's 15-year battle with its creditors following its 2001 default on $100 billion in debt, Dr. Makoff discusses the two central challenges of sovereign debt: the "holdout creditor problem" and the problem of designing an effective resolution system while respecting the sovereignty of the country. He also shares his current research into whether the current informal system of sovereign debt restructuring is adequate or whether a formal international debt court will eventually be needed.
Video of Argentina President Cristina Fernández provided by Casa Rosada / [ Ссылка ]
The Growth Lab's "Development Talks" is a series of conversations with policymakers and academics working on economic growth and development in countries, regions, states, and cities in the US and around the world. The seminar provides a platform for practitioners and researchers to discuss both economic growth and development and analytical work centered on policy.
