Dear all,

for anyone who is interested, please articipate in our workshop on
sovereign debt on the 25th of May (see below). Registration closes on the
8th of May.

Best wishes,

Jens van 't Klooster


*The Ideal of Democracy and the Reality of Sovereign Debt*


25 May 2015, University of Cambridge, Gonville and Caius College, Senior
Parlour Room



In the aftermath of the 2008 bank bailouts, sovereign debt has increased to
unprecedented levels. As a result, governments saw their policy room
curtailed by the demand for credibility and access to international capital
markets. In Greece and Italy, democratically elected officials stepped down
from power with the aim of promoting creditworthiness. The Argentine
litigation in the United States again brought attention to substantial sway
of bondholders over sovereign states.



As a response, economic and legal debates on sovereign debts have been wide
and varied, but they have only rarely addressed the core normative issues
involved in issuing, trading, and restructuring sovereign debt. The aim of
the workshop is therefore to bring together scholars from philosophy, law,
and the social sciences to discuss the consequences of rising sovereign
debts for the normative ideals that inform existing parliamentary
democracy.







*Program:*



9.45 Opening



10.00 First keynote lecture: Philip Wood (Allen & Overy)



10.50 Anahi Wiedenburg (LSE) ‘Justice in sovereign debt adjustment: On the
responsibility of creditors to carry part of the burdens for debt
restructuring’



11.40 Juan Pablo Bohaslavsky (OHSHR) ‘Report of the United Nations
Independent Expert foreign debt and human rights: Lending to states engaged
in gross human rights violations’ (via webcast)



12.30 Lunch Break



14.00 Second Keynote Lecture: Gabriel Wollner (Humboldt University)



14:50 Cristian Dimitriu (University of Kansas) ‘Agency, law and sovereign
lending. What makes the debts of poorest countries non-binding?’



15:40 Coffee break



16: 00 Hayk Kupelyants (Cambridge) ‘Repayment of Sovereign Debt’


16.50 David Merill (Oxford) ’Sovereign Debt, Sovereign Currency and the
Ideals of the Economy Justice and Democracy’



17:40 Plenary Discussion on Democracy and Sovereign Debt



19:00 Workshop Dinner





*Participation: *



Papers will be circulated to all participants in advance. During the
workshop, presenters will only briefly outline their paper. To participate,
it is therefore highly recommended to prepare for the sessions you plan to
attend. To register and receive the papers, send an email to Jens van 't
Klooster (jmv32 [at] cam.ac.uk) before the 8th of May.



Organizers: Anne Henow, Hayk Kupelyants, Jens van ‘t Klooster, Kim Hecker
and Marco Meyer.



We gratefully acknowledge support by the University of Cambridge School of
Arts and Humanities, the Centre of Developmental Studies at Cambridge,
Gonville and Caius College and the Cambridge-Groningen ‘Trusting Banks’
project.
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