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Archive | Articles

Sovereign Debt Restructuring: The Costs of Delay

PDF of the draft paper is here:   By Brett House a, Mark Joy b, and Nelson Sobrinho c (This version: 4 October, 2017) Abstract Sovereign debt restructurings can be protracted affairs, not only in their resolution but also in their inception. In this paper, we develop a new database to look at sovereign debt restructurings […]

Quartz

Here’s why hedge funds will never be able to hold debtor countries hostage again

Original article – As written for Quartz Over the last few months, governments from Kazakhstan to Mexico have quietly started changing the way they issue debt. These shifts—small tweaks in the way bond contracts are written—have received little attention, yet they have the potential to make future financial crises a lot easier to resolve. That […]

#Davosproblems

#Davosproblems: The financial crisis isn‘t over, and the inequality crisis is just beginning

Original article – As written for Quartz The World Economic Forum’s annual meeting has kicked off in Davos, Switzerland under the banner of “The New Global Context.” Falling in the long shadow of the financial crisis, the WEF’s theme reflects as much hope as a creeping sense that economic turmoil is the new normal. Some […]

Canada development finance

Canada Needs to Get Serious About Development Finance

Original article – As written for The Huffington Post This past Wednesday, the Aga Khan Foundation convened in Ottawa a compelling meeting to look at adding a commercial lending arm to the Canadian government’s support for international poverty reduction. The gathering came after months of speculation that 2015 might see the announcement of a new Canadian […]