"Public Debt and Economic Growth in Latin America: ¿A new beginning?"
|
Program |
|
|
|
Global Outlook: How long is the boom (and how to get advantage from it) The coincidence of low interest rates, high commodity prices and a sustained global growth, explains to a large extent the recent positive performance of Latin American economies. Which are the risks that this prospect will revert to another dollar collapse, high interest rates and global recession? How well prepared are the countries in the region to face a deterioration of the global economy? What measures should be taken o limit the vulnerability to such deterioration? Moderator : Juan Pablo Nicolini, UTDT |
|
Learning: Public debt management in the new decade Fiscal sustainability depends crucially on the structure of sovereign debt, in particular in its currency of denominations, market emission and the composition of investors. The current benign international economic environment is the ideal scenario for optimizing such a structure with the minimal financial cost. Should governments take advantage of the apetite of foreigners for local currency assets, even though this implies a larger cost in the short term? Should domestic markets and resident investors be prioritized in pesos emissions? Does the current environment offer opportunities for instruments associated with product growth or commodity prices? Is this desirable? Moderator: Eduardo Fernández-Arias, Inter-American Development Bank |
|
From financial collapse to economic recovery: ¿Miracle, mirage or business cycle? The outcomes of currency and financial crisis in emerging economies have exhibited a common pattern: product recovers fast even though domestic and foreign credit stagnates, and the increase in investment is limited. Does this mean that the consequences of crises persist beyond the recovery phase? How does this pattern reflects in the argentine post-crisis? How is this compared with the experiences of Moderator: Silvina Vatnick, CEF |