Sovereign Debt Restructurings: Prospects and Challenges in Argentina
Date: Friday, February 28, 2020
LeBow College of Business, Philadelphia, PA
Register now to join GIC and LeBow College of Business at Drexel University on Friday, February 28, 2020 for the third annual Sovereign Debt Restructurings conference.
Sovereign Debt Restructurings: Prospects and Challenges in Argentina
Join GIC and LeBow College of Business at Drexel University on Friday, February 28, 2020 for the third annual Sovereign Debt Restructurings conference, focusing this year on Argentina’s prospects and challenges in their restructuring process.
Argentina has experienced many economic crises and defaults throughout its history. Currently it is also facing several economic and political adversities. The conference will shed some light on concurrent developments, explore future prospects, and draw lessons from other sovereign debt restructurings.
8:30 a.m. | Registration
9:00 a.m. | Opening Remarks
- Vibhas Madan, Ph.D., Interim Dean, LeBow College of Business at Drexel University
9:10 a.m. | Session 1: Old Constellations and New Crossroads
Overview and current developments
- Chair: Mark Sobel, U.S. Chair, Official Monetary and Financial Institutions Forum (OMFIF)
- Ed Bartholomew, Lecturer in finance at George Washington University, School of Business
- Edgardo Demaestri, Senior Financial Markets Consultant
- Robert Kahn, Director, Eurasia Group
10:20 a.m. | Session 2: Is Argentina Sui Generis?
Market, legal, and credit rating agencies perspectives
- Chair: Rafael Molina, Managing Partner, Newstate Partners
- Elena Duggar, Chair of Moody’s Macroeconomic Board
- Anna Gelpern, Professor of Law, Georgetown University Law Center and Nonresident Senior Fellow, Peter G. Peterson Institute for International Economics
- Hans Humes, Chairman and Chief Executive Officer, Greylock Capital
11:30 – 11:45 a.m. | Break
11:45 a.m. | Session 3: What Have We Learned?
Empirical views on sovereign debt restructurings
- Tamon Asonuma, Economist in the Strategy Policy and Review Department, IMF
- Maria Olivero, Associate Professor – Economics, LeBow College of Business
- Satyajit Chatterjee, Senior Economic Advisor in the Research Department of the Federal Reserve Bank of Philadelphia
- Juan Passadore, Assistant Professor of Economics at the Einaudi Institute for Economics and Finance
- Toan Phan, Senior Economist in the Research Department, Federal Reserve Bank of Richmond
1:00 p.m. | Concluding Remarks
- George Tsetsekos, Francis Professor of Finance and Dean Emeritus, LeBow College of Business
- Michael G. Papaioannou, TA Expert-Advisor, IMF and Visiting Scholar and Professor, LeBow College of Business
1:15 p.m. | Adjournment
Address: 3220 Market Street, Philadelphia, PA 19104Download iCal
Tamon AsonumaEconomist in the Strategy Policy and Review Department, IMF
Tamon Asonuma is an Economist in the Strategy Policy and Review Department of the IMF. Since joining the IMF on September 2010, he has spent most of times in Research Department and Strategy Policy and Review Department.
Ed BartholomewLecturer in finance at George Washington University, School of Business
Ed Bartholomew is former CFO at the Inter-American Development Bank (IDB). Currently he is lecturer in finance at George Washington University, School of Business, and independent financial consultant.
Satyajit ChatterjeeVice President and Economist and Section Head for Consumer Finance in the Research Department of the Federal Reserve Bank of Philadelphia
Satyajit Chatterjee is Vice President and Economist and Section Head for Consumer Finance in the Research Department of the Federal Reserve Bank of Philadelphia. He joined the Bank in 1991 and has held his current position since August 2017.
Edgardo DemaestriChief Editor, Proyeccion Economica
Edgardo Demaestri is a Senior consultant in Financial Markets and Public Debt Management. Currently, he is chief editor of Argentina’s well-regarded economic journal: Proyeccion Economica.
Elena DuggarChair of Moody’s Macroeconomic Board
Elena Duggar is the Chair of Moody’s Macroeconomic Board, which is charged with developing the macroeconomic forecasts for use in the rating process throughout the rating agency. Elena also manages the Research team in the Credit Strategy and Research group, which authors Moody’s global macroeconomic outlooks, along with thematic research on macro and financial risk topics.
Anna GelpernProfessor of Law, Georgetown University Law Center and Nonresident Senior Fellow, Peter G. Peterson Institute for International Economics
Anna Gelpern is a Professor of Law at Georgetown and a nonresident senior fellow at the Peter G. Peterson Institute for International Economics. She has published research on government debt, contracts, and regulation of financial institutions and markets. She has co-authored a law textbook on International Finance, and has contributed to international initiatives on financial reform and government debt.
Hans HumesChairman and Chief Executive Officer, Greylock Capital
Mr. Humes is Chairman and Chief Executive Officer of Greylock Capital, which he founded as a joint venture with Van Eck Global in May 1995. He is Co-Chief Investment Officer with Diego Ferro since October 2012. Mr. Humes has 23 years of experience working in emerging markets. He was a Managing Partner of Van Eck Absolute Return Advisors, Inc. where he launched the fund which became the Greylock Global Opportunity Master Fund in 1997.
Vibhas Madan, Ph.D.Interim Dean, LeBow College of Business at Drexel University
Vibhas Madan, Ph.D., professor of economics, was appointed interim dean of Drexel University’s LeBow College of Business in November 2019. He joined the Dean’s Office in July 2018 as senior associate dean for academic programs. Prior to that, he served as the head of the Economics Department and then as the founding director of the School of Economics, which was launched as a new school within the College in 2013.
Rafael M. MolinaManaging Partner, Newstate Partners
Rafael has over 18 years of experience assisting sovereign and sub-sovereign clients implement liability and risk management strategies aimed at optimising debt service profiles. In recent years Rafael has worked closely with the Authorities in Antigua and Barbuda, Barbados, Iraq and Liberia in addressing rising public-sector debt challenges.
Maria Pia Olivero, Ph.D.Associate Professor in the School of Economics of Drexel University
María Pía Olivero, PhD is an Associate Professor in the School of Economics of Drexel University. María’s research focuses on international finance and, in particular, on how imperfections in financial markets impact the international transmission of crises and the spillover effects of domestic policies on foreign countries.
Michael G. PapaioannouExpert Advisor, International Monetary Fund
Dr. Michael G. Papaioannou serves as an Expert Advisor at the International Monetary Fund and is a Visiting Scholar and Professor at the LeBow College of Business, School of Economics, Drexel University.
Toan PhanSenior Economist in the Research Department, Federal Reserve Bank of Richmond
Toan Phan is a Senior Economist in the Research Department at the Federal Reserve Bank of Richmond.
Mark SobelUS Chairman, OMFIF
Mark Sobel is US Chairman at OMFIF. Mark is a veteran US Treasury official, who was at the forefront of international financial diplomacy for two decades.
George Tsetsekos, Ph.D.Dean Emeritus and the Francis Professor of Finance at LeBow’s College of Business at Drexel University
Dr. George Tsetsekos, serves as the Francis professor of Finance and Director of the Risk Management Center at the LeBow College of Business. He served as Dean of LeBow (2002-2012) and under his transformative leadership the college achieved national rankings and quality milestones in research and teaching.