Sovereign Debt and Financial Crisis.

The NBER held a conference on "Sovereign Debt and Financial Crisis" in Cambridge on October 18 and 19, 2013. The organizers were NBER Research Associates Sebnem Kalemli-Ozcan of the University of Maryland, and Carmen Reinhart and Kenneth Rogoff of Harvard University. The following papers were discussed:

* Oscar Jorda, Federal Reserve Bank of San Francisco; Moritz Schularick, University of Bonn; and Alan Taylor, University of California, Davis and NBER, "Sovereigns versus Banks: Credit, Crises, and Consequences" (NBER Working Paper No. 19506)

* Jack Favilukis, London School of Economics; and Sydney Ludvigson and Stijn Van Nieuwerburgh, New York University and NBER, "Foreign Ownership of U.S. Safe Assets: Good or Bad?"

* Galina Hale, Federal Reserve Bank of San Francisco, and Maurice Obstfeld, University of California, Berkeley and NBER, "The Euro and the Geography of International Debt Flows"

* Fabrizio Balassone, Maura Francese, and Angelo Pace, Bank of Italy, "Economic Performance in a High Debt Country: The Case of Italy"

* Graciela Kaminsky, George Washington University and NBER, and Pablo Vega-Garcia, George Washington University, "Varieties of Sovereign Crises: Latin America, 1820-1931"

* Mark Aguiar, Princeton University and NBER; Manuel Amador, University of Minnesota...