Financial Stability
The Role Of The Official And Private Sectors In Resolving International
Financial Crises, 23 - 24 July 2002
8 papers were presented at the conference. Most authors have agreed to allow their papers to be published on this site but would like to make minor revisions before release. We will add links as soon as they are available.
A summary of the conference will be included in the December 2002 Financial Stability Review.
Papers
“Private
Sector Involvement:” Definition, Measurement, and Implementation
( 242k)
William R. Cline
Senior Fellow
Center for Global Development and Institute for International Economics
July, 2002
- Reflections
on Moral Hazard and Private Sector Involvement in the Resolution
of Emerging Market Financial Crises (153k)
Michael Mussa
Senior Fellow, Institute for International Economics
Washington, D.C.
Draft of July 19, 2002
Discussant:
John Murray, Bank of Canada (67k)
- Private
Sector Involvement in Crisis Resolution and Mechanisms for
Dealing with Sovereign Debt Problems (355k)
Nouriel Roubini
Stern School of Business
New York University
July 2002
- Co-ordination Failure, Moral Hazard and Sovereign Bankruptcy
Procedures (pdf file 286k)
Sayantan Ghosal and Marcus Miller
Department of Economics
University of Warwick
July 21, 2002
Discussant:
David Vines, University of Oxford (144k)
- Sovereign
Bond Restructuring: Collective Action Clauses and Official
Crisis Intervention (280k)
Kenneth M.Kletzer
Department of Economics
University of California, Santa Cruz
Revised, December 2002
Discussant:
Willem Buiter, European Bank for Reconstruction and Development
(25k)
- Sovereign
Bonds and the Collective Will (131k)
Lee C. Buchheit & G. Mitu Gulati
Working Paper No. 34
Georgetown University Law Center
Washington, DC 20001
March 2002
Discussant:
Nathan Sheets, Federal Reserve Board ( 90k)
- Standstills
and an International Bankruptcy Court (198k)
Jonathan Eaton
New York University
October 2002
Discussant:
Jeromin Zettelmeyer, International Monetary Fund
(87k)
- Binding-in
the Private Sector
Andrew Haldane, Simon Hayes, Adrian Penalver, Victoria Saporta and Hyun Song Shin
Bank of England
August 14, 2002
Panel Discussion -
Next Steps in the International
Financial Architecture
- Matthew Fisher, International Monetary Fund
- Lorenzo
Bini-Smaghi, Italian Treasury
(128k)
- Richard
Clarida, US Treasury
(62k)
- Jacob Frenkel, Merrill Lynch International
