The evolution of sovereign debt crises: new actors require new solutions

In this ‘Cloister-Talk’, Lee C. Buchheit (University of Edinburgh) and Carmen Reinhart (World Bank), moderated by Mitu Gulati (University of Virginia School of Law) analyse the current scenarios of Sovereign Debt crises emerging worldwide and the connections with the COVID-19 pandemic and the recent war in Ukraine.

The discussion also focused on how the scenario has changed since the arrival of China as new main creditor in opposition to the Paris Club.

The talk took place in the framework of the 5th edition of the Interdisciplinary Sovereign Debt Research and Management Conference, held in Florence on 25-26 May 2022.

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