Ugo Panizza
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upanizza.bsky.social
Ugo Panizza
@upanizza.bsky.social
2.7K followers 1.3K following 360 posts

Professor & Pictet Chair @GVAGrad, VP @cepr_org & Director ICMB. Before @UNCTAD @the_IDB @AUB_Lebanon @unito 2 daughters. FVCG ⛷🏍 Twitter handle @upanizza
www.upanizza.com

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Ugo Panizza is an Italian and Swiss economist. He is a professor of International Economics, department head, and Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies in Geneva. He is a vice-president of the Centre for Economic Policy Research (CEPR), the director of the International Center for Monetary and Banking Studies, the editor in chief of Oxford Open Economics and International Development Policy, and the deputy director of the Centre for Finance and Development. He is a members of the Scientific Committees of the Fondazione Luigi Einaudi (Torino) and Long-term Investors@UniTo. .. more

Economics 80%
Business 10%
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Reposted by Ugo Panizza

Reposted by Ugo Panizza

voxdev.bsky.social
VoxDev @voxdev.bsky.social · 5d
🆕 Africa’s domestic debt boom: New evidence from the African Debt Database

Today on VoxDev via VoxEU @ CEPR w/ Mark Manger (UofT), Ugo Panizza (Geneva Graduate Institute), Niccolò Rescia (Global Sovereign Advisory), Christoph Trebesch (Kiel) & Ka Lok Wong (Steve) (UN): https://ow.ly/gsIr50XuzLM
Africa’s domestic debt boom: New evidence from the African Debt Database
Africa’s total public debt has risen more than fourfold since the early 2000s, but just as important as the increase in debt volumes is the shift in structure. This column uses a new open-access dataset covering more than 50,000 loans and securities issued by 54 African countries to reveal that African governments now raise more than half of their financing at home, reversing decades of dependence on external lenders. While the rise of domestic debt markets may deepen financial systems, foster local investor bases, and enhance monetary autonomy, the authors warn that the line between...
ow.ly

Reposted by Ugo Panizza

voxeu.org
VoxEU @ CEPR @voxeu.org · 6d
A yield discount on green sovereign bonds - a 'greenium' - exists but is very small, ~ 2 basis points in adv. economies & 13 bp in emerging markets. The greenium rises when climate risks are salient.
@upanizza.bsky.social, S Shi, @wederdim.bsky.social, M Gulati
cepr.org/voxeu/column...
#EconSky
The two panels show the evolution of the greenium (a more negative value indicates a larger greenium). Each point shows the estimated greenium (with 95% confidence interval) for the previous 120 days obtained from a model that controls the bid-to-ask spread, the log of the bond face value, remaining time to maturity (in days), pair-date fixed effects. Standard errors are clustered at the bond level. The left panel uses all bonds, the right only bonds issued by emerging markets (EM). Since 2016, many governments have issued ‘green’ debt instruments to support the transition to a low-carbon economy. This column shows that a yield discount on green sovereign bonds, or ‘greenium’, exists but is very small, around two basis points in advanced economies and 13 basis points in emerging markets. Still, the greenium rises when climate transition risks are salient and for issuers more vulnerable to climate change. Going forward, governments and international institutions should strengthen the credibility of green-bond frameworks, integrate climate priorities into the budget process, while also recognising that sovereign green bonds are not a fiscal panacea.

Reposted by Ugo Panizza

upanizza.bsky.social
Ugo Panizza @upanizza.bsky.social · 7d
Very proud of my sister who just won an underwater photography award with this beautiful picture

upanizza.bsky.social
Ugo Panizza @upanizza.bsky.social · 8d
Join us tomorrow @gvagrad.bsky.social

upanizza.bsky.social
Ugo Panizza @upanizza.bsky.social · 14d
Alexander Swoboda touched played a key role in putting the @gvagrad.bsky.social on the map in international economics, he created the International Center for Monetary and Banking Studies, he "discovered" Rudi Dornbusch, and he is a great friend www.graduateinstitute.ch/enduring-leg...
Alexander Swoboda
www.graduateinstitute.ch

Reposted by Ugo Panizza, Lars P. Feld, Michèle Bélot

Reposted by Ugo Panizza

kiel.institute
Kiel Institut @kiel.institute · 15d
How does the quality of public investment affect sovereign risk? Join the next [email protected] Research Seminar w/ @upanizza.bsky.social to find out! He presents a new index measuring the quality of public investment covering 120 economies over 2000–2021
Register 👉 www.kielinstitut.de/institute/ev...

Reposted by Ugo Panizza

upanizza.bsky.social
Ugo Panizza @upanizza.bsky.social · 16d
Basel

Reposted by Ugo Panizza, Lars P. Feld