Important working paper by Mauricio Barbosa Alves, Javier Bianchi , Cesar Sosa Padilla 'International Reserve Management under Rollover Crises.' NBER link below.
You'll sometimes hear from sovereign debt managers 'we are issuing not for the fiscal but because ...'
nber.org/papers/w32393#…

📢 Exciting News !🌍The #DebtCon7 Programme 🗓 is out. Join global experts @ the forefront of #sovereign #debt . Hosted by Finance for Development Lab in collab. w/ CEPREMAP Institute of International Economic Law Georgetown Law Princeton School of Public & International Affairs @GVAGra.🔍Explore the lineup👇
findevlab.org/debtcon7/

Tom Jones Arnaud Bertrand By having the government borrow the money from a Central Bank, the system creates a legal instrument that has both a faucet and a sink for the newly created money.

The Central Bank, prints the money into existence and buys the bonds, then when the bond matures the Central Bank…

From Niger to South Sudan extra-large oil-backed loans are back in fashion.. bloomberg.com/news/articles/… via Bloomberg Markets

I am very excited about joining the IIF in the summer given its unique mandate and excellent staff! IDA - World Bank IMF OECD ➡️ Better Policies for Better Lives Federal Reserve Paul Tudor Jones Governo do Brasil G20 Brasil Estadão 🗞️ Estadão 🗞️Economia Valor Econômico Financial Times

Great review of debt disclosure legislations across 60 countries by Rhoda Weeks-Brown et al, citing our $1 trillion in Hidden Debt estimate. imf.org/en/Blogs/Artic…

We re live now at NBER IFM meeting now youtube.com/watch?v=NFjmUY…

I enjoyed the podcast with Ziad Daoud more than my coffee today! And my morning coffee is sacred! Good job 👍

Awesome! AI tools are going to be so good at helping pick up subtle messaging changes in MDB/IFI reports.

Who is holding West African domestic bonds? Interesting table by $&P with data from UMOA-Titres. With increasing domestic debt portfolios and DSAs often based still on currency (rather than residency), we need more of these data

My (long) review of Gregory Makoff 's book on Argentina's historic debt restructuring. Short version: strongly recommend. goodreads.com/review/show/60…

Eye opening on innovation in public services in a war economy.

For those of us without the One Ring

The cat is out of the bag: My book is coming out on May 20th!

The book's message is simple: Regardless of a nation's climate responsibility, environmental sustainability is no longer a choice but a necessity to maintain a competitive edge in the global economy. Just like in…

Always amazed by how cheap resource sector corruption can be (from the perspective of the firms paying bribes).

Swiss giant Trafigura is alleged to have paid Angolan officials less than $5.5m in bribes to make $143.7m in profits.

(Source: mining.com/web/trafigura-…)

📢I am excited to present first results of our big new project 'Budgets and Geopolitics, 1870-2022' at the Munich Security Conference. We show: Military spending in G7 countries has fallen to historic lows, while social spending has risen. We clearly live in an 'age of butter,' not guns👇1/4

This paper kicked off an entire literature on sovereign debt, ahead of the huge increase in the real world of international private lending.

RIP Jonathan Eaton.

A set of actionable indicators for DMOs to improve their reporting practices and track progress over time & against peers.