The Center for International Governance Innovation (CIGI)’s Global Economy Program and Columbia University’s Initiative for Policy Dialogue (IPD) will co-host a conference on Sovereign Debt Restructuring, to be held at Columbia University on September 22, 2015. Sovereign debt restructuring plays a major role in the preservation of financial and political stability. However, no commonly agreed multinational rules exist and each case has the potential to open the door to greater instability and to spread antagonism.
This CIGI-IPD conference at Columbia University will summarize lessons learned over the past year of discussions led by the United Nations, ICMA, the IMF, Columbia University IPD and CGEG, CIGI, and UNCTAD, and aim to provide guidance to policymakers and inform the ongoing discussions at the United Nations on how to implement a multinational legal framework for sovereign debt restructuring. Director of the Global Economy Program Domenico Lombardi, Senior Fellows Gregory Makoff and Susan Schadler, and Manager of the Global Economy Program Alisha Clancy will attend on behalf of CIGI's Global Economy program. Director of the International Law Research Program Oonagh Fitzgerald, and Senior Fellows Mark Jewett and Steven Schwarcz Swill attend on behalf of the International Law Research program.
Susan Schadler is a CIGI Senior Fellow. She is a former deputy director of the International Monetary Fund’s European Department, where she led surveillance and lending operations to several countries and managed a number of research teams working on European issues. Her current research interests include the sovereign debt crisis, global capital flows, global financial institutions and growth models for emerging market economies.
CIGI Senior Fellow Gregory Makoff is currently researching issues in international financial policy, including the management of sovereign debt crises. As an expert in sovereign debt and an experienced debt capital markets professional, Mr. Makoff’s transaction advisory experience will inform his work with CIGI on sovereign debt.
As director of international law at CIGI, Oonagh Fitzgerald established and oversees CIGI’s international law research agenda, which includes policy-relevant research on issues of international economic law, environmental law, intellectual property law and innovation, and Indigenous law.
Mark Jewett is a CIGI senior fellow. He is counsel to Bennett Jones LLP, where his practice focuses on domestic and international aspects of financial law. At CIGI, he will research and write on sovereign debt and cross-border insolvency.
Steven L. Schwarcz is a CIGI senior fellow and the Stanley A. Star Professor of Law & Business at Duke University. At CIGI, Steven leads research on systemic risk and financial regulation, corporate governance of systemically important firms, cross-border resolution measures and sovereign debt restructuring.