Hybrid keynote

📆12.10.2021
⏰Keynotes 5.00 - 6.30 pm, door open at 4.45 pm (CEST)
📍Main Building 01-104, Dufourstrasse 50, St. Gallen

🖋️Open to EMC members (receipt of membership possible at the event)

Macroeconomic volatility, i.e., rapid change between economic boom, overheating and recession is often considered as a defining ‘emerging market’ characteristic. The economic history of regions such as Latin America, South-East Asia, or Eastern Europe may confirm and suggests that macro-stabilization is essential for sustainable economic growth. For the fate between crisis and growth, not the least two factors are decisive: the domestic financial system and sovereign debt & fiscal policy.

Creating stable domestic financial systems represents a persistent challenge for many emerging economies. What are the obstacles and how can they be overcome towards deeper global financial integration system? In which shape are emerging markets’ financial sectors today?

While many emerging economies were already heavily indebted before the Covid-19 pandemic, sovereign debt stocks are reaching new all-time peaks. The status quo raises the question: is a post-Covid-19 sovereign debt crisis imminent or are there potential solutions through effective fiscal policies and debt strategies?

Our second event ‘Emerging Financial Markets’ addresses those imperative emerging market challenges. We are pleased to announce as our speakers:

🌎 Charles Calomiris on domestic financial system challenges:

Charles Calomiris is an American financial policy expert, author, and Henry Kaufman Professor of Financial Institutions at Columbia University Business School, specialized in Finance, Economics, and growth in Emerging Markets. He is the recipient of numerous awards and research grants, and his research spans the areas of banking, corporate finance, financial history, and monetary economics. Mr Calomiris was also the Chief Economist at the Office of the Comptroller of the Currency last year and was a member of the Advisory Scientific Committee of the European Systematic Risk Board for several years.

🌎 Edgardo Torija Zane on sovereign debt & fiscal policy challenges:

Edgardo Torija Zane is a Senior Economist at the Risk Division at Société Générale in Paris. He teaches Master students at Sciences Po Paris in Macroeconomics of Emerging Markets. Before joining Société Générale, Mr Torija Zane worked as an Economist at the United Nations Conference on Trade and Development (UNCTAD) and served at the Central Bank of Argentina. He holds a PhD in Economics from Université Paris Dauphine.

🌍 Anne-Laure Kiechel on Sovereign Advisory and debt crisis and strategies to react:

Anne-Laure Kiechel is a French economic advisor with more than 20 years of experience in debt capital markets and Sovereign Advisory. As CEO and founder of Global Sovereign Advisory (GSA), Ms Kiechel advises governments around the world on policy and financial issues, in the areas of macro-fiscal and policy matters, economic strategy as well as financing and debt strategy, issuance and management. Before founding GSA in 2019, she was Global Head of Rothschild & Co’s Sovereign Advisory group and led Lehman Brothers’ Global Finance practice for Northern Europe. Beyond her advisory work, she is socially engaged and has for instance co-founded Youthonomics, an index ranking countries by their youth-friendliness. Holding degrees from HEC Paris and Universität St. Gallen, Ms Kiechel’s keynote at the HSG’s Emerging Markets Club represents a return to her alma mater.

Get-together: after the keynotes we invite you on a drink to share your thoughts on Emerging Financial Markets and beyond, before we move on to Ad-Hoc together.