The Politics of Debt Management in EU Nations and Beyond

This workshop explores the political determinants of how governments manage their sovereign debt, as well as the consequences of these decisions for financial market-government relations. While political scientists have devoted significant attention to, for instance, how political events and institutions affect the pricing of government debt in secondary markets, they have paid less attention to how governments make choices about debt management (for instance, borrowing at short versus long maturities, or borrowing in foreign versus domestic currencies). The creation of EMU resulted in institutional changes to debt management in many European countries, and recent sovereign debt crises in Eurozone countries demonstrate the importance of debt management. Governments with longer debt maturity structures, for instance, were more insulated from financial market pressures than those governments with shorter maturity profiles.

By bringing together a small set of scholars interested in the politics of sovereign debt management, we hope to advance research on this topic. The workshop will offer an opportunity for participants to read and discuss one another’s work on debt management, and to identify research frontiers in this area.

This workshop is part of CES Jean Monnet Center of Excellence programming. Please refer to the JMCE conference portal for more information, including confirmed participants, the schedule and reference materials.

RSVP to Professor Layna Mosley, UNC Department of Political Science.

Acknowledgement of Support:This event has been produced with the assistance of the European Union. The contents of this event are the sole responsibility of The UNC Center for European Studies and can in no way be taken to reflect the views of the European Union.