The Future of Sovereign Borrowing in Europe

The financial, economic and sovereign debt crisis has fundamentally changed the rules of the game in sovereign debt markets, particularly but not only in the Euro Area. While some countries enjoy a safe‑haven status, other face soaring risk spreads. Sovereign rates of crisis countries have been downgraded dramatically, but also safe-haven countries' prime rating has been lost or is under close scrutiny. Sovereign bonds as a broad category have lost their – previously widely perceived – status as "risk-free" assets. The crisis countries face unsustainably expensive financing costs (or even a loss of access to bond market financing), pushing them towards shorter financing or forcing them to rely on financial support by other countries and the international community or massive intervention by central banks.

The conference will be opened by Governor Ewald Nowotny (Oesterreichische Nationalbank) followed by a keynote address. Thereafter three sessions will focus on:

• European sovereign borrowing – adjusting to the new environment

• Sovereign debt, monetary and financial stability

• Towards more prudent sovereign borrowing

Confirmed Speakers:

Ulrich Bindseil (European Central Bank)

Martin Hellwig (Max Planck Institute for Research on Collective Goods)

Juha Kilponen (Bank of Finland)

Eric Leeper (Indiana University)

Yuefen Li (UNCTAD)

Alessandro Missale (University of Milan and UNCTAD)

Ewald Nowotny (Oesterreichische Nationalbank)

Mark LJ Wright (UCLA)

When is The Future of Sovereign Borrowing in Europe?

The next dates haven't been confirmed. The last edition we have on record was 8 Mar 2013.

Where is it held?

The last edition we have was at Oesterreichische Nationalbank, Vienna, Austria.

Who organises it?

SUERF - The European Money and Finance Forum.