The aim of the conference is to gather high quality recent research that explores the causes and consequences of sovereign default from three different, complementary perspectives: theoretical and empirical macroeconomics, macro-finance modeling, as well as economic history.

Papers presented address topics such as the role of capital flow management measures as a policy instrument and their spillovers, the role of banks in international business cycles, exchange rate policy, and international debt deleveraging.

ESSIM is an annual meeting that brings together around 60 economists from across Europe and key researchers from outside the region. It provides a unique opportunity for macroeconomists from different research institutions and countries to discuss research in a relaxed atmosphere and to develop...