Sovereign Domestic Debt Restructuring: Handle with Care

December 1, 2021

Governments in emerging and developing economies have issued a growing share of their debt in their own currencies and under their own laws in recent years. This trend has accelerated with the COVID-19 shock. As a result, domestic debt is likely to play a larger role in the resolution of future sovereign debt crises. A sovereign domestic debt restructuring should be designed to anticipate, minimize, and manage its impact on the domestic economy and financial system.

On December 1, 2021, IIEL and the Sovereign Debt Forum launched a discussion of new IMF staff research analyzing policymakers' decision to restructure sovereign domestic debt.

Can Black and Brown Banks Compete in a Digital Economy? (Virtual)

June 15, 2021

With their numbers already greatly reduced by the 2008 financial crisis, consolidation of larger banks and the COVID-19 pandemic, these institutions now face a new challenge — securing the financial technology essential to remaining viable in the digital age.

In commemoration of Juneteenth, IIEL convened leaders from Congress, regulatory agencies and the private sector to discuss the future of minority-owned financial institutions in a forum titled “Can Black and Brown Banks Compete in a Digital Economy?” on June 15, 2021.

Co-hosted by the Black Economic Alliance and facilitated by the Brookings Institution as knowledge partner, the event was the first in a series of programs leading up to IIEL’s 5th Annual DC Fintech Week in October.

G2 Conference 2021: How to Make the WTO Fit for Future Trade (Virtual)

April 14, 2021

At a moment when trade is being challenged by the COVID-19 pandemic and a resurgence of protectionist sentiments, and the WTO faces crises across many of its core functions, the aim of the 2021 G2 conference was to elevate new, fresh perspectives with bold ideas for the WTO’s path forward. In addition to outstanding panels on legal paths forward on WTO plurilaterals and the path ahead for dispute settlement, we have challenged students from across the globe to a three day legal hackathon on ‘How to Make the WTO Fit for Future Trade.’ The most innovative proposals were featured on the day of the Conference (April 14).

The G2 Conference 2021 was co-organized by Centre for Trade and Economic Integration at the Graduate Institute, the Institute of International Economical Law at Georgetown Law, and the Geneva Trade Platform.

Rethinking the WTO: Opportunities for Transatlantic Cooperation (Webinar)

March 10, 2021

Australia’s Ambassador and Permanent Representative to the WTO George Mina put it well: “There is hope at the WTO this year, but we need to channel it wisely. There is much to do to both repair the system and mobilize it to achieve some wins at the Ministerial Conference in December.” To this very end, the European Union (EU) recently published a comprehensive proposal on ‘Reforming the WTO: Towards a Sustainable and Effective Multilateral Trading System’.

In this communication, the EU emphasized that a high degree of convergence in the reform agenda between the United States and the EU makes for an essential building block of multilateral success. The expert panelists in this webinar discussed opportunities for cooperation between the two transatlantic economic giants, not without addressing the ubiquitous elephant in the room: the People’s Republic of China.

Rethinking the WTO Panel Process (Webinar)

January 26, 2021

As of the beginning of 2021, the World Trade Organization (WTO) dispute settlement remains in crisis. The WTO Appellate Body has no sitting members due to an ongoing block on appointments, stalling members’ ability to appeal. As a result, at least sixteen disputes are in limbo.

At the same time, focus on the politics of the Appellate Body standstill has tended to overshadow problems with the WTO’s first instance of dispute resolution: the panel process. Over the past two decades, the panel stage has involved protracted and cumbersome adjudication, in some instances delaying the resolution of disputes for years. Our expert panel will seek to unpack the elements of the WTO panel process and examine its future.

Co-hosted by the Georgetown Law Institute of International Economic Law (IIEL) and the American Society of International Law (ASIL) International Economic Law Interest Group.

Are Megabanks Still a Problem? (Webinar)

October 29, 2020

The financial crisis 12 years ago triggered a vigorous debate on whether large banks had become too big from the standpoint of financial stability, enforceability of law, and a sustainable political economy of financial oversight. In the meantime, the environment has changed, but the potential challenges posed by “megabanks” have not disappeared.

This webinar with the Peterson Institute of International Economic Law features IIEL Professor Anna Gelpern.

DC Fintech Week 2020 (Virtual)

Oct 19 - Oct 22, 2020

A week of cutting edge conversations on everything from central bank digital currencies and cloud infrastructures to how to make venture capital (and fintech!) more inclusive. A truly global conference, founded by IIEL Faculty Director Chris Brummer.

What is the Outlook for Regional Trade Integration in Africa? (Podcast)

Oct 7, 2020

Can the African Continental Free Trade Area (AfCFTA) live up to expectations, integrating markets and overcoming fragmentation, to deliver inclusive and sustainable growth across the continent? This podcast featuring IIEL Professor Katrin Kuhlmann is part of the AIG Global Trade Series 2020.

Geneva Trade Week (Virtual)

Sep 25 - Oct 2, 2020

The Geneva Trade Week aimed to provide the international trade community with a range of spaces within which to meet, share ideas, and collaborate. This event was led by IIEL Visiting Professor Joost Pauwelyn and featured many of IIEL's experts, such as Professor Katrin Kuhlmann and Senior Fellow David Kleimann.

D-DebtCon (Virtual)

Sept 7 - 18, 2020

Recognizing the need for creative, research-based solutions, a group of leading academic and policy institutions from around the world co-hosted the virtual Distributed Interdisciplinary Sovereign Debt Research and Management Conference—D-DebtCon—in nine countries, spanning five continents, from September 7th through September 18th, 2020.

Each day between September 7 and September 18 featured academic and policy panels in South Africa, Italy, Argentina, Switzerland, Singapore, the United States, Barbados, the United Kingdom, and China.

Where are the Black Financial Regulators? (Webinar)

September 2, 2020

On September 2, Georgetown Law’s Institute of International Economic Law and the Brookings Institution hosted an event exploring the absence of African Americans in financial regulation and the drivers behind it.

Featuring Rep. Maxine Waters (Chairwoman of the House Financial Services Committee), Neel Kashkari, Harold A. Black, Sharon Y. Bowen, Paul Thornell, and U.S. Senator Sherrod Brown (D-Ohio).

Does the Pandemic Make an EU-US Trade Collision Less or More Likely? (Podcast)

August 17, 2020

How has the pandemic affected the world's largest trading partners? IIEL's Director Marie Kasperek discusses alongside other experts in this podcast as part of the AIG Global Trade Series 2020.

The Slow Death of Multilateralism (Podcast)

July 30, 2020

In this podcast episode of the AIG Global Trade Series 2020, IIEL's Senior Fellow Jennifer Hillman discusses the potential for the WTO and the G20 to support the global economy and drug distribution during COVID-19.

Fixing America’s Payment System: The Role of Banks and Fintech (Webinar)

July 29, 2020

In this webinar, Brookings Institution hosted the Acting Comptroller of the Currency Brian Brooks to present his ideas on how to improve America's payment system and accelerate the velocity of money.

Following a conversation with the comptroller, a panel of experts including IIEL Faculty Director Chris Brummer reacted to the comptroller's comments to offer their own takes on the payments problem and how to fix it.

Digital Dollar Live (Webinar)

July 21, 2020

In this webinar hosted by Accenture Digital and the Digital Dollar Foundation, an expert panel including Georgetown Law IIEL's Faculty Director Chris Brummer and Adjunct Faculty Member Dan Gorfine discuss the evolution of money in a new digital era.

Debt Relief and Africa During COVID-19: The Global Response (Webinar)

July 9, 2020

In this London School of Economics webinar featuring IIEL Professor Anna Gelpern, the current state of Africa's debt crisis in light of the pandemic and potential solutions are discussed.

How to Manage the Coming Debt Crisis (Webinar)

June 10, 2020

Sovereign Debt Forum experts and policy officials from the IMF and the World Bank consider the rising tide of debt distress, further aggravated by the COVID-19 pandemic, and review historical precedents, legal and policy options for managing the crisis in low- and middle-income economies.

How Can Fintech Help Small Businesses and Workers? (Webinar)

April 15, 2020

With confusion reigning in efforts to provide small business financing as relief from the COVID-19 pandemic, Georgetown Law's IIEL, Georgetown Center for Financial Markets and Policy, and CQ Roll Call hosted a live "town hall" with experts and representatives from the business community to brainstorm ideas as to how fintech might help assist in an economic reboot.

Law and Macroeconomics Conference (2019)

September 27-28, 2019

Organized by Georgetown Law professors Anna Gelpern and Adam Levitin, the Law and Macroeconomics conference featureD Fed Vice Chair Randal Quarles, former Fed Chair Janet Yellen, former Fed Governor and Georgetown Law Professor Daniel K. Tarullo, and included panels discussing inflation measurement; finance and the public interest; designing the legal structure of money; systemic implications of mortgage regulation; derivatives markets; time varying rules in financial regulation; EU fiscal rules; antitrust rulemaking; international macroeconomic policy coordination, fintech and financial regulation and more.