Please read our student and staff community guidance on COVID-19
Skip to main content Skip to navigation

CSGR 6th Annual Conference

International Financial Crises: What Follows the Washington Consensus?

Conference Outline

As new governments are in place in both Brazil and Argentina, and movements on “sovereign bankruptcy procedures” have been made at the IMF and World Bank spring meetings, the time seems suitable to take stock of international financial developments since the “Washington Consensus” first emerged in the early 1990s. The 2003 CSGR Annual Conference and the Warwick Summer Research Workshop, to be held at the University of Warwick, will focus on these topics, also bearing in mind the closely related theme of the reform of the International Financial Architecture.

The two events are organised by CSGR and the Economics Department of the University of Warwick. We hope this joint organisation will encourage some useful synergies: the workshop will keep its traditional economic angle, while the Conference will be more focussed on economic policy issues, by bringing together economists, political scientists, scholars from other disciplines and policy-makers in order to encourage an exchange of different perspectives on the subject.

Programmes

Conference Programme word icon

Summer Economic Workshop Programme Word document icon

Calls for Papers

Attendance to the Workshop and the Conference, funded by the ESRC and CSGR, is by invitation. Those with research in this area and with a paper to offer are welcome to send details to Marcus Miller (Marcus.miller@warwick.ac.uk), Richard Higgott (Richard.Higgott@warwick.ac.uk) or Gianluca Grimalda (G.F.Grimalda@warwick.ac.uk ). In particular, the topics we expect to cover are the following:

  • The Instruments to Reform the International Financial Architecture:

a) Collective Action Clauses (CACs)

b) Codes of Conduct

c) Sovereign Debt Restructuring Mechanism (SDRM)

  • International Flows to Developing Countries: Equity and Direct Investment Channels (The Rogoff Plan)
  • Case Studies: Argentina, Brazil, etc.
  • A comparative Evaluation of the Different Crises, e.g. South-East Asia vs. Latin America
  • Economic Development and Capital Markets: Theoretical Underpinnings; Empirical Evidence; Policy Implications
  • Washington Consensus: An Ex-post appraisal
  • "Monterrey Consensus”; “An Agenda for Restoring Growth and Reform"
  • What Follows the Washington Consensus? Issues of Global Governance; The Reform of the International Financial Architecture
     
Confirmed participants:
Kern Alexander Cambridge University
Patrizia Baudino European Central Bank
Amar Bhattacharya The World Bank
Mario Blejer Bank of England
Frank Bohm University of Essex
Olli Castren European Central Bank
Christophe Chamley Boston University
Shurojit Chatterji Centro de Investigación Económica - ITAM
Luisa Corrado University of Roma Tor Vergata
Tatiana Damjanovvic University of Essex
Gabriel Desgranges Université de Cergy-Pontoise
Heribert Dieter German Institute for International and Security Affairs (SWP) and CSGR
John Driffill Birbeck College
Mardi Dungey Australian National University
Gianluca Femminis Universita' Cattolica di Milano
Matthew Fisher International Monetary Fund (IMF)
Javier Garcia Fronti University of Warwick - Universidad de Buenos Aires
Sayantan Ghosal University of Warwick
Andrew Haldane Bank of England
Daniel Heymann Economic Commission for Latin America and the Caribbean (ECLAC) and Universidad de Buenos Aires
Kannika Kampanishvong University of Warwick
Peter Kenen Princeton University
Kenneth Kletzer University of California
Dennis Leech University of Warwick
Marcia Leon Instituto Nacional de Matemática Pura e Aplicada (IMPA)
Silvia Marchesi Universita' di Siena
Ellen Meade London School of Economics (LSE)
Rodrigo Olivares Caminal Warwick University
Georges Pineau European Central Bank
Richard Portes London Business School and CEPR
Andrew Powell Universidad Torcuato Di Tella (UTDT)
Eugenio Proto University of Bristol
Olwen Renowden Birbeck College
Victoria Saporta Bank of England
Demosthenes Tambakis University of Cambridge
David Vines University of Oxford
Ngaire Woods University of Oxford
Paper Presenters and Titles
Presenter
Title of Paper
  Paper
Mario Blejer
Bank of England
On Currency Collapses and Bank Runs: Argentine Twin Crises Presentation
Heribert Dieter
German Institute for International and Security Affairs
Exchange Rate Policy After the Crash in Argentina: A Free Float As The Only Alternative? Paper PDF icon
Matthew Fisher
IMF
Building on a Decade of Experience: Crisis Prevention and Resolution
(joint with Ann Krueger)
Paper PDF icon
Andrew Haldane and Victoria Saporta
Bank of England
Analytics of Sovereign Debt Restructuring Paper PDF icon
Kenneth Kletzer
University of California
Crisis Resolution: Next Steps
(joint with Barry Eichengreen and Ashoka Mody)
Paper PDF icon
Dennis Leech
University of Warwick
Weighted Voting in International Financial Institutions
(joint with Robert Leech)
Paper PDF icon
Marcia Leon
Instituto Nacional de Matemática Pura e Aplicada
Speculative Attacks on Debt and Optimum Currency Area: A Welfare Analysis
(joint with Aloisio Araujo)
Paper PDF icon
Richard Portes
London Business School
Resolution of Sovereign Debt Crises: The New Old Framework
(joint with Daniel Cohen)
Paper PDF icon
Andrew Powell
Universidad Torcuato Di Tella (UTDT)
Liquidity Protection Versus Moral Hazard: the Role of the IMF
(joint with Leandro Arozamena)
Paper PDF icon
Appendix1
Appendix2
Demosthenes Tambakis
Cambridge University
Strategic Liquidity and Default Risk with Implications for International Capital Controls Paper PDF icon
David Vines
Oxford University
The Efficient Resolution of International Capital Account Crises: How to Avoid Moral Hazard
(joint with Gregor Irwin)
Paper PDF icon