The first message of this course is that debt structure matters and that the structure of public debt may matter more than the debt level. After a discussion of the risks of public debt, the course will address a series of policies and proposals that can reduce those risks. Proposals in this regard include both domestic policies (among other things, a possible trade-off between currency and maturity risk will be discussed) and reforms of the international financial architecture.

L’idée maîtresse de ce cours est que la structure de l’endettement est importante et que la structure de la dette publique est peut-être plus importante que le niveau d’endettement. Après un examen des risques liés à la dette publique, plusieurs politiques et propositions concernant la réduction de ces risques seront présentées -notamment politiques intérieures dont le choix entre risque monétaire et risque liés aux échéances) et réformes de l’architecture financière internationale.

Delivered by: UNCTAD Division on Globalization and Development Strategies

• Programme
• Presenters - Presentateurs
• Participants

Presentations:

• The Risks of Sovereign Finance, Ugo Panizza, Debt and Finance Analysis Unit, DGDS, UNCTAD
• How to make debt safer, Ugo Panizza, Debt and Finance Analysis Unit, DGDS, UNCTAD

Documents:

• Living with Debt - How to Limit the Risks of Sovereign Finance, Inter-American Development Bank