Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:39:16am WEST
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Daily Overview |
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A09: Sovereign Debt Restructuring and Default Location: Room 109 (Francesinhas 1) | |
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Sovereign Debt Restructuring, Fiscal Sustainability, and Economic Growth in Lower Middle -Income Countries 1: Ministry of Finance, Mozambique; 2: CTA – Confederation of Economic Associations of Mozambique This paper examines whether sovereign debt restructuring contributes to fiscal sustainability and economic growth in lower-middle income countries (LMICs). Using a panel of 48 LMICs over 2000–2023, we estimate a Difference-in-Differences model complemented by an event study design to identify average and dynamic effects of restructuring episodes. The results show that restructuring is associated with statistically significant improvements in GDP per capita growth, with gains emerging gradually in the post-restructuring period. Pre-treatment trends are statistically indistinguishable, supporting the identification strategy. Heterogeneity analysis finds no significant variation in effects across institutional quality levels. Interpreted through a public finance lens, the findings suggest that restoring debt sustainability may relax binding fiscal constraints and support medium-term recovery in structurally fragile economies. Keywords: Sovereign Debt Restructuring; Fiscal Sustainability; GDP Per Capita; Lower Middle-Income Countries.
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