The US is now prepared to underwrite dollar giveaways for the rich in Argentina, this time without any intermediaries. In a sense, that is fairer than using its influence in IMF governance to approve yet another unsustainable programme.

on.ft.com/3KiH3Z5 I am proud of Brazilian democracy for showing such robustness in addressing an attempted attack through the rule of law. This judgment has historical consequences at home, and it also serves as a lesson to the world. We should reject uninformed claims that...

The current moment is quite telling. In the face of heightened uncertainty, investors are increasingly hedging their exposures to the dollar while continuing to hold US assets. If anything, hedging has become the business of the times. on.ft.com/418VPYb

🚨 Call for Papers: JIEL Junior Faculty Forum 2025 🚨 The Journal of International Economic Law has launched the call for this year’s edition of its Junior Faculty Forum. This a great opportunity for junior scholars to present unpublished work, receive comments from leading experts, and...

I am very pleased to host my dear former PhD supervisor @profjohnlinarelli.bsky.social for this upcoming @cblpleeds.bsky.social Guest Seminar at @lawatleeds.bsky.social on 21 May. Please join us! The event is free and open to the public, and will take place in hybrid format.

1/2: The launch event of the final report of our project ‘Enhancing MDB Capacity through Local Currency Financing’ is taking place this Monday, 28 April, 1-2pm. The report explores the potential for local currency financing by multilateral development banks. You can register here: 🔗 lnkd.in/dZ7gm7nf

It is with sadness that I learn about the passing of Pope Francis, in my view the most inspiring head of state in today’s world. I greatly admired his advocacy for peace, international law, social justice, and a fairer international financial architecture.

Important new research on local currency financing from @anninak.bsky.social @bbonizzi.bsky.social @kpatricio.bsky.social @karstenkohler.bsky.social business.leeds.ac.uk/research-air...

Very pleased that the final version of our MDB Challenge Fund report is finally out! We spent a year investigating the barriers to scaling up local currency financing by Multilateral Development Banks. Please see Karina's post for a brief summary and relevant links. Feedback very welcome!

1/ After 18 months of work—and with some delay in the public launch—we are pleased to share the Final Report of our project Enhancing MDBs’ Capacity through Local Currency Financing, supported by the MDB Challenge Fund. 🧵

Dr @kpatricio.bsky.social spoke at a senior forum on sovereign debt. Read more below👇: tinyurl.com/m65ffet2 Her co-authored Bill is scheduled for debate in the @houseofcommons.parliament.uk tomorrow! #DebtRelief #FinancialLaw #GlobalEconomy #LawSky #AcademicSky

Only coalition that would be viable amongst young German voters would be based on Die Linke. We need to talk about R2G.

"With the new US government aggressively attacking trade globalization, the next two years will be characterized by global financial turbulence, with its usual impacts on peripheral currencies." NEW: @rugitsky.bsky.social on central banking in Brazil and capital controls for peripheral economies

The Guardian view on campus cuts: academics pay a high price for Westminster’s mistakes | Editorial

“A debt crisis caused by global factors — a debt crisis that is leading to more poverty, more hunger and war.” Many thanks @jeevunsandher.bsky.social for a powerful speech in Thursday's debate in parliament on debt cancellation

We are so close to ending extreme poverty. But we can't end poverty without solving the African debt crisis. Using English law, we can help end the debt crisis without spending a penny.

4/ The US will be a source of chaos and volatility. The first month of 2025 has set the scene. We analyse here the rapidly shifting international power relations as other countries start to organize "around and without" the US: China, South-South, EU-South... www.phenomenalworld.org/analysis/pol...

The Musk blitzkrieg of the US government is looking like a quicker collapse than Twitter.

As global #debt crises cripples the Global South, I secured a debate on #DebtCancellation for low income countries 🌍 I asked the Govt to support my Debt Relief Bill which would: ✅compel private creditors to accept negotiated terms ✅reduce debt burden for the poorest countries

Thank you @bambosmp.bsky.social for hosting the debate in parliament and sponsoring the Debt Relief Bill. The bill "would have a significant impact on low-income countries and could be transformative in allowing money spent on servicing debt to go into health & education systems"

articles will be updated with links to the audio readings. My podcast had a short run but it had a great guest list @weisenthal.bsky.social, @adamtooze.bsky.social, @kpatricio.bsky.social & Daniel Mitchell (the head economist of Nixon's pay board, in an interview about that experience)

BIG NEWS! I'm just finished recording myself reading the pieces I wrote January 31st to February 5th (with the exception of the afternoon of the 5th piece). I will finish recording the other three tomorrow (voice recording is hard work!). crisesnotes.podbean.com

Here's a recent guest piece from @proufos.bsky.social who I hope would attest to the value of me as an editor. I also have a professional editor that I pay & having her edit guest pieces is a great use of her time since I'm writing stuff too quickly right now www.crisesnotes.com/the-first-ca...

It was a pleasure to visit the @lauterpachtcentre.bsky.social @cambridgelaw.bsky.social to present my research on the legal governance of sovereign debt crises at today’s Friday lecture. The Centre has long been a reference for me—an inspiring forum for excellence and groundbreaking scholarship.

And massive congrats and kudos to @debtjustice.bsky.social for their tireless advocacy for sovereign debt reform, day in and day out!

The UK Parliament is holding an outstanding backbench debate on Debt in Low-Income Countries, with MPs debating the need for the UK Debt Relief (Developing Countries) Bill. Incredibly high level. Kudos to @bambosmp.bsky.social & @jeevunsandher.bsky.social for their brilliant interventions!

Today, the 'UK Debt Relief (Developing Countries) bill' co-drafted by @kpatricio.bsky.social (@lawatleeds.bsky.social), @uni-of-warwick.bsky.social colleagues and @debtjustice.bsky.social, was debated by MP's. Congratulations to all involved! Find out more: warwick.ac.uk/fac/soc/law/...

90% of debt contracts used by the global south are rooted in UK law. So the UK could play a massive role in ending the debt crisis. This bill outlines why we need a new debt justice law to address the injustices faced by the global south. Here’s Karina’s thread on the bill bsky.app/profile/kpat...

📢 Live today at 1:30pm UK time: UK Parliament’s Backbench Debate on Debt in Low-Income Countries The world’s poorest countries are facing a full-blown insolvency crisis, as the World Bank has warned in its latest International Debt Report. committees.parliament.uk/committee/20...

We are at a breaking point in international finance. The multilateral order that took shape in the 20th century is crumbling, and the world’s poorest countries are facing severe debt distress. As the US cuts aid assistance, the dollar surges, and tariffs threaten to push interest rates...

We are at a breaking point in international finance. The multilateral order that took shape in the 20th century is crumbling, and the world’s poorest countries are facing severe debt distress. As the US cuts aid assistance, the dollar surges, and tariffs threaten to push interest rates...

To encourage reflection on this, what exactly is new about Trump’s approach to the legal grounds we stand on? US governments have consistently challenged these foundations when it comes to Global South countries. What seems new, in my view, is applying the same principles to Canada and Europe.

A Q&A with @nathantankus.bsky.social on what it means for Elon Musk to have commandeered control of the US treasury’s payment system. prospect.org/economy/2025...

“One source explicitly said that they were only reporting to me because there was no one left in the Federal Government to report security breaches to”

EMERGENCY PIECE: Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous. Worse, exclusive new information revealed here explicate how Musk’s actions relate to Treasury Secretary Scott Bessent (Link at the end)

I am very much looking forward to visiting @lauterpachtcentre.bsky.social on Friday to hopefully persuade such an amazing audience we need such a thing as international sovereign insolvency law—the topic of my forthcoming book. Wish me luck, and please join us in person or online if you can!

Kudos to Adam Tooze for his op-ed in the @financialtimes.com, echoing Indermit Gill in emphasising that the poorest countries are suffering not from a liquidity crisis but a solvency crisis. They urgently need debt relief. As Tooze advocates, sovereign borrowers... www.ft.com/content/124d...

Kudos to Adam Tooze for his op-ed in the @financialtimes.com, echoing Indermit Gill in emphasising that the poorest countries are suffering not from a liquidity crisis but a solvency crisis. They urgently need debt relief. As Tooze advocates, sovereign borrowers... www.ft.com/content/124d...

It was a pleasure to travel to Brussels for the @ec.europa.eu and TCX Roundtable on the Future of Currency Risk in Development Finance to present the findings of our report ‘Enhancing MDB Capacity through Local Currency Financing’ alongside my colleagues @anninak.bsky.social & @bbonizzi.bsky.social.

It was a pleasure to travel to Brussels for the @ec.europa.eu and TCX Roundtable on the Future of Currency Risk in Development Finance to present the findings of our report ‘Enhancing MDB Capacity through Local Currency Financing’ alongside my colleagues @anninak.bsky.social & @bbonizzi.bsky.social.

Over at the Socio-Economic Review, we're planning a special issue on offshore finance! Historical contributions are very welcome. CfP here: academic.oup.com/ser/pages/cf.... Please share and spread the word! Excited to be working with @ebharrington.bsky.social and Kimberly Kay-Hoang on this!

The @universityofleeds.bsky.social is the first Russell Group Uni to quit X! 🎉 🎉 Read more👇 tinyurl.com/2h3tyjfx @lsjleeds.bsky.social #Yorkshire #Leeds #Academia #AcademicSky #HigherEd #LawSky

Keynes on the corrosive effects of the hereditary principle upon society, whether aristocratic or capitalist

If I were applying for a PhD in international trade law or economics today, I would definitely consider a comparative study on the effects of trade tariffs on competitiveness and innovation in Mercosur and the upcoming developments in the US.

Angola has a holdout creditor. But we do not know their name, how much they want, where they have brought legal action, nor whether they are for example an official creditor, with state backing. on.ft.com/3Cwrycx

"We no longer imagine investors as bearing liquidity or interest rate risk on behalf of the government when they invest in Treasuries issued by the US or Gilts issued by the UK. Instead, we think of them as investing in safe assets." @csissoko.bsky.social

What a wild ride for us Millennials. Who’d have thought in our end-of-history childhoods that we’d see decades of austerity in response to a global financial crisis, a global pandemic, a new cold war, and the rise of a billionaire broligarchic regime, all before we’re even 40?

World's billionaires rose by 204 last year to 2,769. Their combined wealth jumped from $13tn to $15tn. 60% of wealth from inheritance, “cronyism and corruption” or monopoly power. They fund political parties, shape laws, plot regime changes Sham democracy. www.theguardian.com/news/2025/ja...

It is remarkable how The International Economy magazine has managed to assemble a symposium of 27 (!!) senior dudes (some of them undoubtedly great) to discuss whether a global debt crisis is on the horizon. Surely there is not a single woman or anyone below the age of 50 qualified to opine on that?

Amid the overhype surrounding Milei abroad, as though he were a panacea for Argentina, it is refreshing to see this Guardian editorial pointing out the obvious: his policies are not new. They represent the same old shock therapy and IMF redemption gambles seen many times before.