In a CIGI co-sponsored event as part of the Brookings-Heinrich Boll Stiftung Eurozone breakfast series, CIGI fellows Susan Schadler, Richard Gitlin and Brett House will present their latest research on severe debt crises and the challenges these present for global financial cooperation. Focusing on the case of Greece, Schadler will present her new paper assessing the broader implications on how the euro crisis precipitated large IMF loans that violated the framework developed on the basis of the preceding decade to prevent a costly delay in restructuring. Drawing from the severe debt crises of Greece and Cyprus, Gitlin and House will discuss their proposal for the creation of a sovereign debt forum to address the lack of a simple and effective mechanism for dealing with sovereign debt crises.
Richard Gitlin is a CIGI Senior Fellow. An international bankruptcy lawyer, he played a leading role in the development of practices and procedures for successfully resolving complex global restructuring and insolvency cases. He has helped many countries improve their bankruptcy laws, including Canada, Republic of Korea, Indonesia and Mexico.
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.