Ugo Panizza

I am Professor of Economics and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies in Geneva. I am also the Director of the International Centre for Monetary and Banking Studies (ICMB), a Vice President of CEPR, Fellow of the Fondazione Luigi Einaudi, and Editor of International Development Policy.

Prior to joining the Institute, I was the Chief of the Debt and Finance Analysis Unit at the United Nations Conference on Trade and Development (UNCTAD) and a Senior Economist in the Research Department of the Inter-American Development Bank. I also worked at the World Bank and taught at the American University of Beirut and at the University of Torino.

You can find more about my research by looking at my VoxEU pieces, or visiting my Google Scholar and REPEC pages.

I come from here. For a picture of the best things I ever produced click here.

Follow me on Twitter @upanizza

A classic paper that I coordinated

(check out the list of authors)

New stuff

• Patrick Bolton & Mitu Gulati & Ugo Panizza, "Legal Air Cover," CEPR Discussion Paper & IHEID  WPS

• Publishing and Measuring Success in Economics (with Sebastian Galiani), CEPR eBook, also VoxEU 

• How to Prevent a Foreign Debt Disaster, (with  P. Bolton, L. Buchheit, P.O. Gourinchas, M. Gulati, C.T. Hsieh, and B. Weder di Mauro), Foreign Affairs

• Covid-19 in Developing Economies (editor, with Simeon Djankov), CEPR e Book, May 2020, also VoxEU 

• Born Out of Necessity: A Debt Standstill for COVID-19, (with  P. Bolton, L. Buchheit, P.O. Gourinchas, M. Gulati, C.T. Hsieh, and B. Weder di Mauro), CEPR Policy Insight, also VoxEU 

•  Local Currency Denominated Sovereign Loans - A Portfolio Approach to Tackle Moral Hazard and Provide Insurance, (with Filippo Taddei) IHEID Working Paper

• Make-Wholes in Sovereign Bonds (Not sure why they are there, but they may be free) (with Mitu Gulati), CEPR DP

• Local Crowding out in China (with Y. Huang and M. Pagano). The Journal of Finance

• Understanding the Lebanese financial crisis (with F Hassan) FT Alphaville

• When Governments Promise to Prioritize Public Debt: Do Markets Care? (with Mitu Gulati, Mark Weidemaier, & Gracie Willingham) Journal of Financial Regulation

• Come risolvere il problema del debito pubblico italiano: un'analisi critica delle soluzioni facili. Rivista di Politica Economica

• Political Connections and Financial Constraints: Evidence from Transition Countries (with M. Bussolo, F. de Nicola, & R. Varghese) World Bank Policy Research Working Paper

• Smart Development Banks (with E. Fernandez-Arias & R. Hausmann) Journal of Industry, Competition & Trade

• Corporate Debt, Firm Size and Financial Fragility in Emerging Markets (with Laura Alfaro, Gonzalo Asis, & Anusha Chari ) Journal of International Economics

• Euro Area Sovereign Debt: Restructuring Options (with T. Arnold and M. Gulati) Capital Markets Law Journal

• Should Creditors Pay the Price for Dubious Bonds? (with M. Gulati & M. Weidemaier) Project Syndicate

• The Hausmann-Gorky Effect, (with M. Gulati) Journal of Business Ethics

• Note su domanda di moneta, debito e signoraggio

• La spiacevole aritmetica sovranista Il Foglio

• The Motives to Borrow (with A. Fatás, R. Ghosh, & A. Presbitero) IMF WP, CEPR DP in in S. Abbas, A. Pienkowski, and K. Rogoff (eds.) Sovereign Debt: A Guide for Economists and Practitioners, Oxford University Press.

• Promises to repay and sovereign spreads & How Credible are Rules Requiring Sovereign States to Give Super-Priority to the Public Debt? (with M. Gulati, M. Weidemaier, & G. Willingham) VoxEU & Oxford Business Law Blog

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   Almost new stuff...