Events

Conference on “Public Debt: Past Lessons, Future Challenges”

07/11/2024 (Conferences)

In the aftermath of the global financial crisis and the covid pandemic, public debt increased significantly. Along with higher interest rates and the fiscal implications of demographic, geopolitical and environmental challenges, this trend has rekindled concerns over sovereign debt in both advanced and developing economies. This one-day conference brings together academics, policy makers and practitioners to analyse the history, evolution, and prospects of public debt, from both Greek and international comparative perspectives. Sessions are evenly divided between long-term historical approaches and presentations on recent experiences and policy challenges. Opening remarks by the Governor of the Bank of Greece, Yannis Stournaras, will be followed by a keynote lecture by Barry Eichengreen, Professor of Economics and Political Science at the University of California, Berkeley. The conference will conclude with two round table discussions. The first will be devoted to the interaction between debt and monetary policy and will include Governor Yannis Stournaras, Philip R. Lane (ECB executive board) and Pablo Hernández de Cos (former Governor of the Bank of Spain). The second will bring together the Greek Minister of National Economy and Finance, Kostis Hatzidakis, Governor Yannis Stournaras, and Nikos Vettas (Director General of the Foundation of Economic and Industrial Research, IOBE) for a conversation on the future of the Greek economy.

The conference is open to the public (online registration is required, register here).

Registration is open until Tuesday, 5 November 2024. All conference sessions will be in English.

Venue: Bank of Greece Head Office

             General Assembly Hall, 2nd floor

             21 El. Venizelos str., Athens

             (Valid passport or photo ID required for entry)

Program outline:

09:30 Welcome speech

Katerina Spyrou, Director, Centre for Culture, Research and Documentation of the Bank of Greece

09:35 Opening address

Yannis Stournaras, Governor of the Bank of Greece

10:00 Keynote lecture by Barry Eichengreen, University of California, Berkeley

A History of Recent Public Debt in Three Chapters

11:00–13:00  Long-run Perspectives and Parallels

Rui Esteves

Tobias Straumann

Kim Oosterlinck

Andreas Kakridis

Watch the discussion of Kim Oosterlinck and Andrea Kakridi

14:30–16:30  Recent Experiences and Prospects

Jeromin Zettelmeyer

Marco Buti

Watch the discussion of Jeromin Zettelmeyer and Marco Buti                         

View the presentation of Philip R. Lane

George Chouliarakis

Philip R. Lane

Watch the discussion of George Chouliarakis and Philip R. Lane

16:30–17:30  Panel discussion: Lessons Learned from Past Debt Crises & Implications for Monetary Policy

Pablo Hernández de Cos, Philip R. Lane and Yannis Stournaras

17:30 – 18:30 Panel discussion: The Greek Economy: Facing the Future

Kostis Hatzidakis,Yannis Stournaras, and Nikos Vettas

Further details:

Bank of Greece Conference on “Public Debt: Past lessons, future challenges” was concluded

Watch the conference here

Opening Address by Yannis Stournaras, Governor of the Bank of Greece

Press Release

Conference program (detailed)

List of Participants

Meet the participants




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