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BEGIN:VEVENT
UID:313e2c398af9a50af5e2aebec01e2ce2
CATEGORIES:Seminars
CREATED:20250120T070816
SUMMARY:Lunch Seminar: César Sosa-Padilla - University of Notre Dame
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nInternational Reserve Management under Rollover Crises\n\n\nAbstract:\n
 \n\nThis paper investigates how a government should manage international re
 serves when\n it faces the risk of a rollover crisis. We ask, should the go
 vernment accumulate reserves\n or reduce debt to make itself less vulnerabl
 e? We show that the optimal policy entails\n initially reducing debt, follo
 wed by a subsequent increase in both debt and reserves as\n the government 
 approaches a safe zone. Furthermore, we find that issuing additional\n debt
  to accumulate reserves can lead to a reduction in sovereign spreads.\n
DTSTAMP:20260419T142111Z
DTSTART:20250514T130000Z
DTEND:20250514T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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