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Workshop II on Debt, Finance and Emerging Issues in Financial Integration

8-9 April 2008, New York

organized by Financing for Development Office UN-DESA

List of Participants

(including links to available papers and presentations)

Opening

  • H.E. Johan L. Løvald, Permanent Representative of Norway to the United Nations
  • H.E. Maged A. Abdelaziz, Permanent Representative of Egypt to the United Nations
  • Sha Zukang, Under-Secretary-General for Economic and Social Affairs

Panel Discussion: "The Monterrey Process on Financing for Development: The Road Ahead"

Moderator:

  • Oscar de Rojas, Director, Financing for Development Office, Department of Economic and Social Affairs, United Nations, New York

Panelists:

  • Jomo Kwame Sundaram, Assistant-Secretary-General for Economic Development, Department of Economic and Social Affairs, United Nations, New York
  • Roger Kubarych, Chief U.S. Economist, Economics and Commodity Research, UniCredit Markets & Investment Banking, Bayerische Hypound Vereinsbank AG, New York
  • V. Leeladhar, Deputy Governor, Reserve Bank of India
  • Roy Culpeper, President, North-South Institute, Canada

Session I: Emerging Global Issues in Financial Integration

Moderator: Aziz Ali Mohammed, Adviser to Executive Director at the IMF and G24 Deputy for Pakistan, Washington D.C.

  1. Are the emerging problems in the world economy a failure of international policy coordination?
    • John Williamson, Senior Fellow, Peterson Institute for International Economics, Washington D.C.
  2. Is there a case for central banks to include equities in their assessment of the adequacy of international reserves and the degree of openness of the capital account?
    • Avinash Persaud, Chairman, Intelligence Capital Limited, London

Discussants:

  • Gian Maria Milesi-Ferretti, Division Chief, Research Department, IMF, Washington D.C.
  • José Antonio Ocampo, Professor of Professional Practice in International and Public Affairs, Columbia University, former Under- Secretary-General of the United Nations for Economic and Social Affairs, New York

Session II: Issues in Public Debt Sustainability and Debt Management

Moderator: John Williamson, Senior Fellow, Peterson Institute for International Economics, Washington D.C.

  1. The relationship between internal and external debt: implications for debt sustainability [presentation]
    • José Antonio Ocampo, Professor of Professional Practice in International and Public Affairs, Columbia University, former Under- Secretary-General of the United Nations for Economic and Social Affairs, New York and Camilo Tovar, Research Economist, Bank for International Settlements, Mexico
  2. Debt sustainability and debt composition [presentation]
    • Heiner Flassbeck, Director, Division on Globalization and Development Strategies, UNCTAD, Geneva and Ugo Panizza, Chief of Debt and Finance Analysis Unit, UNCTAD, Geneva
  3. Public debt management in developing countries: recent evolution and key issues [presentation]
    • Tomás J. Baliño, Senior Associate, Centennial Group, Washington, D.C. and V. Sundararajan, Director, Centennial Group, Washington, D.C.

Discussant:

  • Martine Guerguil, Chief, Official Financing Operations Division, Policy Development and Review Department, IMF

Session III: Sovereign Debt Restructuring

Moderator: Barry Herman, Visiting Senior Fellow, Graduate Program in International Affairs, The New School

  1. Clubbing in Paris: is debt sustainability an illusion? [presentation]
    • Benu Schneider, Chief, International Finance, Debt and Systemic Issues Unit, Financing for Development Office, Department of Economic and Social Affairs, United Nations, New York
  2. Beyond collective action clauses [presentation]
    • Christoph Paulus, Professor of Legal Affairs, Humboldt University, Berlin and Steven Kargman, President, Kargman Associates, New York

Discussant:

  • Anna Gelpern, Associate Professor of Law, Rutgers School of Law-Newark, The State University of New Jersey, Newark

Session IV: Issues in Low Income Countries' Access to Finance

Moderator: Roy Culpeper, President, North-South Institute, Canada

  1. Selectivity and aid allocation: is there an improvement? [presentation]
    • Farhad Noorbakhsh, Professor of Development Economics, Head of Department of Economics, University of Glasgow, Luis Angeles, Lecturer, Department of Economics, University of Glasgow and Celine Azemar, Lecturer, Department of Economics, University of Glasgow
  2. Implications of the governance structure of the Bretton Woods institutions for conditionality and IDA allocations
    • Aziz Ali Mohammed, Adviser to Executive Director at the IMF and G24 Deputy for Pakistan, Washington D.C.
  3. An analysis of stock markets in low income countries
    • Ajit Singh, Professor of Economics and Senior Fellow, Queens' College, Faculty of Economics, Cambridge University, Cambridge

Discussant:

  • Rob Vos, Director, Development Policy and Analysis Division, Department of Economic and Social affairs, UN

Session V: Some Issues in Low Income Countries

Moderator: Barry Herman, Visiting Senior Fellow, Graduate Program in International Affairs, The New School

  1. Issues related to pre-conditions and regulatory environment for open capital accounts in low income countries [presentation]
    • Layna Mosley, Associate Professor, Department of Political Science, University of North Carolina, Chapel Hill
  2. The interactions between debt relief, market access and aid
    • Manuel Montes, Chief, Policy Analysis and Development Branch, Financing for Development Office, Department of Economic and Social Affairs, United Nations, New York and Aldo Caliari, Director, Rethinking Bretton Woods Project, Centre of Concern, Washington D.C.

Discussant:

  • Basudeb Guha, Senior Research Fellow, WIDER, Finland

Concluding remarks

  • Jomo Kwame Sundaram, Assistant-Secretary-General for Economic Development, Department of Economic and Social Affairs, United Nations, New York
 
 
 

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