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November

02
2015

10:30 am EST - 12:00 pm EST

Past Event

Corporate debt in emerging economies

  • Monday, November 2, 2015

    10:30 am - 12:00 pm EST

Falk Auditorium

1775 Massachusetts Ave., NW
Washington, DC

The foreign currency debt obligations of the corporate sector in emerging market economies are a matter of rising concern, particularly given the recent strength of the U.S. dollar and the prospects of an interest rate hike by the Federal Reserve. With many emerging markets facing growth slowdowns and capital flow volatility, this factor adds to the macroeconomic risks facing the global economy.

On November 2, Global Economy and Development at Brookings and the Center for International Governance Innovation hosted a discussion launching a new report on corporate debt in emerging economies. The report has been prepared by the Committee on International Economic Policy and Reform— a group of independent economic experts that includes academics as well as former government and central bank officials. This year’s report explores the role of corporate debt in emerging economies through a series of case studies—India, Turkey, and Latin America—and outlines possible new sources of risks to financial stability, especially in situations in which corporates acting as financial speculators and/or domestic banks fail to fully understand the underlying domestic and international exposures of the corporate sector.

The panel included several members from the Committee on International Economic Policy and Reform as well as other leading experts.

Agenda

  • November 2
    • Corporate debt in emerging economies

      10:30 am - 12:00 pm

      On November 2, Global Economy and Development at Brookings and the Center for International Governance Innovation hosted a discussion launching a new report on corporate debt in emerging economies.

      headshot of Stephen Cecchetti
      Stephen G. Cecchetti Rosen Family Chair in International Finance - Brandeis International Business School
      Şebnem Kalemli-Özcan Neil Moskowitz-Endowed Professor of Economics and Director of Center of International Economics - University of Maryland, College Park
      MK
      Malcolm Knight Visiting Professor, London School of Economics and Political Science
      as
      Amadou Sy Assistant Director - African Department, International Monetary Fund (IMF)
      headshot of Stephen Cecchetti
      Stephen G. Cecchetti Rosen Family Chair in International Finance - Brandeis International Business School
      Şebnem Kalemli-Özcan Neil Moskowitz-Endowed Professor of Economics and Director of Center of International Economics - University of Maryland, College Park
      MK
      Malcolm Knight Visiting Professor, London School of Economics and Political Science