NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

INTER-AMERICAN SEMINAR ON ECONOMICS

 

The Aftermath of Debt Restructuring and Default

 

Sebastian Edwards and Roberto Rigobon, Organizers

 

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

 

July 14, 2003

 

PROGRAM

 


 

 

MONDAY, JULY 14:

 

 

 8:30 AM

Coffee and Pastries

 

 

 9:00 AM

FERNANDO BRONER, University of Maryland

 

GUIDO LORENZONI, Princeton University

 

SERGIO SCHMUKLER, The World Bank

 

Why Do Emerging Markets Borrow Short Term?

 

 

 

Discussant: MARK AGUIAR, University of Chicago

 

 

 9:50 AM

Break

 

 

10:00 AM

GASTON GELOS, International Monetary Fund

 

SHANG-JIN WEI, International Monetary Fund and NBER

 

Transparency and International Investor Behavior

 

 

 

Discussant: GRACIELA KAMINSKY, Georgetown University

 

 

10:50 AM

Break

 

 

11:00 AM

MICHAEL KREMER, Harvard University and NBER

 

SEEMA JAYACHANDRAN, Harvard University

 

Odious Debt

 

 

 

Discussant: ILAN GOLDFAJN, Brazil’s Central Bank

 

 

12:00 N

Lunch

 

 

 1:30 PM

MARCIO GARCIA and ALEXANDRE LOWENKRON, PUC-Rio

 

Is Original Sin Responsible for the Cousin Risks?

 

 

 

Discussant: EDUARDO FERNANDEZ-ARIAS, Inter-American Development Bank

 

 

 

 

2:20 PM

JUAN CARLOS ECHEVERRY, Universidad de los Andes

 

ROBERTO STEINER, International Monetary Fund

 

LEOPOLDO FERGUSSON, Universidad de los Andes

 

Debt, Devaluation and Firm Performance in Colombia

 

 

 

Discussant: ALEJANDRO WERNER, Ministerio de Hacienda, Mexico.

 

 

 3:10 PM

Break

 

 

 3:20 PM

FREDERICO STURZENEGGER, Universidad Torcuato Di Tella

 

Default Episodes in the 90's

 

 

 

Discussant: JOSE DE GREGORIO, Banco Central de Chile

 

 

 4:10 PM

LAURA ALFARO, Harvard University

 

FABIO KANCZUK, University of Sao Paolo

 

Sovereign Debt with Adverse Selection: A Quantitative Approach

 

 

 

Discussant: EDUARDO LEVY-YEYATI, Universidad Torcuato Di Tella

 

 

 5:00 PM

Adjourn

 

 

 7:00 PM

Group Dinner

 

Royal Sonesta Hotel

 

 

 

 

 

 

6/10/03