Princeton Sovereign Finance Lab
LightNews LightNews
banner
princetonsovfinlab.bsky.social
Princeton Sovereign Finance Lab
@princetonsovfinlab.bsky.social
260 followers 54 following 14 posts
Policy-relevant research on the political economy of government finance. Based at Princeton SPIA; part of the Niehaus Center for Globalization and Governance. Directed by laynamosley.bsky.social & peterrosendorff.bsky.social

https://psfl.princeton.edu
Posts Replies Media Videos
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
Domestic politics of debt crises/restructuring:

-Blame predecessors for high debt burden (hidden debt revelations make this effective).
-Avoid IMF program & conditions.
-Hold out for an improvement in debt servicing capacity, perhaps through resource revenues or taxation.

on.ft.com/3JERoii
Senegal’s foreign bonds plunge as government rules out restructuring
West African nation has become a test of IMF’s ability to deal with hidden debt and secure relief from creditors to support bailouts
on.ft.com
November 10, 2025 at 3:01 PM
princetonsovfinlab.bsky.social
We've created a new index of sovereign debt transparency, for 113 countries, 1994 to 2022.

This summary describes the measure and how it is predicted (sometimes) by the electoral cycle, among other things.

psfl.princeton.edu/document/491

@peterrosendorff.bsky.social

@laynamosley.bsky.social
psfl.princeton.edu
October 12, 2025 at 12:42 PM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
It's the most wonderful time of the year....for debt geeks. @agelpern.bsky.social @upanizza.bsky.social @mkessler.bsky.social and I are so excited to welcome folks to DebtCon8!

web.cvent.com/event/005168...
DebtCon 8.
2025 Advanced eDiscovery Institute
web.cvent.com
October 10, 2025 at 5:17 PM
princetonsovfinlab.bsky.social
"Safe assets aren't as safe as they used to be."

www.ft.com/content/c939...
Emerging market borrowing premium over US falls to nearly lowest since 2007
Yields for investment-grade EM borrowers fall relative to developed markets amid concerns over traditional havens
www.ft.com
July 23, 2025 at 12:38 PM
Reposted by Princeton Sovereign Finance Lab
princetonpolitics.bsky.social
TODAY @ 1:45pm🗓️Debt, Democracy and Development: Princeton Sovereign Finance Lab Reunions Panel #PrincetonReunions
With Professor Layna Mosley @laynamosley.bsky.social
psfl.princeton.edu/events/2025/...
Debt, Democracy and Development: Princeton Sovereign Finance Lab Reunions Panel
psfl.princeton.edu
May 23, 2025 at 4:52 PM
princetonsovfinlab.bsky.social
Pleased to co-sponsor the inaugural conference of the NYU Sovereign Debt Network!

wp.nyu.edu/sfrn/nyu-pes...
May 12, 2025 at 6:00 PM
princetonsovfinlab.bsky.social
Looking forward to this conference, on the political economy of sovereign debt.

wp.nyu.edu/sfrn/nyu-pes...
NYU PESD Workshop Program – NYU Sovereign Debt Network
wp.nyu.edu
May 10, 2025 at 11:53 AM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
Interested in sovereign debt transparency? The Sovereign Debt Forum is running this event on May 14, in conjunction with the IMF Legal Department. Details on registration for the virtual event are here:

@princetonsovfinlab.bsky.social
May 4, 2025 at 6:15 PM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
Thrilled to spend a couple days talking all things sovereign debt at our annual @princetonsovfinlab.bsky.social DC conference.

psfl.princeton.edu/events/2025/...
April 23, 2025 at 6:15 PM
princetonsovfinlab.bsky.social
Here's our newest policy brief, on the links between foreign aid/development assistance and donor political influence.

psfl.princeton.edu/document/311
psfl.princeton.edu
April 18, 2025 at 2:33 AM
princetonsovfinlab.bsky.social
Here's our latest policy brief, from graduate fellow Christian Baehr, about how Trump's trade policies might open up space for progress on a Venezuelan restructuring.

psfl.princeton.edu/document/306
April 3, 2025 at 5:20 PM
princetonsovfinlab.bsky.social
A reminder that the call for papers deadline for the 2025 DebtCon8 meeting, October 13-15 at Georgetown Law School, is March 31. More information here:

www.law.georgetown.edu/iiel/initiat...

(Policy panel proposals accepted through April 30)

@laynamosley.bsky.social
DebtCon
www.law.georgetown.edu
March 23, 2025 at 11:25 PM
princetonsovfinlab.bsky.social
Nothing to see here, just chatter about selective default on US Treasuries.
robinwigglesworth.ft.com Robin Wigglesworth @robinwigglesworth.ft.com · Feb 9
I almost didn't write anything because it's so obviously breathtakingly stupid that I suspect markets will just shrug it off as just another brain-fart, but I guess we'll see. www.ft.com/content/7757...
Trump’s ‘interesting problem’ with Treasuries
Debtcon 1
www.ft.com
February 9, 2025 at 11:07 PM
princetonsovfinlab.bsky.social
We're thrilled to co-sponsor the return of #DebtCon to DC!
January 23, 2025 at 2:55 PM
princetonsovfinlab.bsky.social
At @goodauth.bsky.social, @laynamosley.bsky.social and @peterrosendorff.bsky.social's new Good to Know post gives some nuts and bolts of sovereign debt. A useful resource for teaching (and for convincing others that the politics of debt are important!)

goodauthority.org/news/good-to...
What is sovereign debt, and why does it matter?
Sovereign debt crises have become more complicated, as countries tapped into new borrowing options in recent years.
goodauthority.org
January 10, 2025 at 6:45 PM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
Fun fact about the 1944 Bretton Woods conference (officially, the United Nations Monetary and Financial Conference): not enough space for everyone at the hotel, so some delegations had satellite housing -- including China, 22 miles away.

@princetonsovfinlab.bsky.social
December 24, 2024 at 7:01 PM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
Not the "vigilantes," says the FT, but some bond investors who are worried about fiscal deficits in large, wealthy economies.

on.ft.com/4gIQ2hR

[An old story about investors' concern with overall deficit and debt levels: www.cambridge.org/core/journal...

@princetonsovfinlab.bsky.social
Bond market ‘police’ are back as investors patrol spending plans
Debt market flare-ups show growing pushback against governments’ loose fiscal policies
on.ft.com
January 9, 2025 at 12:52 PM
princetonsovfinlab.bsky.social
This @economist.com piece summarizes a new working paper -- on sovereign bond market reactions to news of Chinese loans -- written by lab member Qi Liu and lab director @laynamosley.bsky.social.

www.economist.com/finance-and-...
The hidden cost of Chinese loans
Governments that borrow from China must pay more to borrow from others
www.economist.com
December 5, 2024 at 5:17 PM
Reposted by Princeton Sovereign Finance Lab
christophscheuch.bsky.social
With our new {wbids} package, analyzing international debt networks has never been easier. In a new blog post, I share the code to create interactive network visualizations using R to explore these relationships.
December 2, 2024 at 6:35 AM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
The investor base matters for market reactions to political uncertainty, and that base varies significantly across countries.

"Long-term, “real-money” investors in double A-rated government bonds .... want boring, predictable returns."

www.ft.com/content/9d49...
Le Shutdown: a budget rejection would hit France’s credibility with investors
Markets hate uncertainty and the stakes in the current constitutional turmoil could not be higher
www.ft.com
December 2, 2024 at 3:51 PM
Reposted by Princeton Sovereign Finance Lab
laynamosley.bsky.social
Quoting yours truly, on the domestic political complexities of borrowing from (and potentially defaulting on) resident investors and financial institutions.

www.economist.com/finance-and-...
How Trump, Starmer and Macron can avoid a debt crunch
With deficits soaring, their finance ministers will have to be smart
www.economist.com
November 25, 2024 at 4:05 AM
princetonsovfinlab.bsky.social
"Higher US rates would make investing in riskier markets abroad relatively less attractive...." on.ft.com/3ASkExC

Ballard-Rosa, Mosley & Wellhausen 2021: the "democratic advantage" in sovereign borrowing only exists when rates are high in mature markets. [

www.cambridge.org/core/journal...
Strong dollar set to hit emerging market bonds, warn investors
EM debt funds suffer outflows as hopes of rate cuts by developing nations fade
on.ft.com
November 23, 2024 at 4:45 AM
princetonsovfinlab.bsky.social
If you don't know us already, we conduct policy-relevant research on the political economy of government borrowing. We consider the entire life cycle of sovereign credit, and we focus on the domestic and international politics related to sovereign borrowing.

psfl.princeton.edu
Princeton Sovereign Finance Lab
psfl.princeton.edu
November 22, 2024 at 3:43 PM
Reposted by Princeton Sovereign Finance Lab
kpatricio.bsky.social
Bluesky is growing so quickly—it is hard to keep track of everyone joining! Are there any new sovereign debt nerds here I might have missed in this starter pack I have put together?

go.bsky.app/Cw8ufrd
November 19, 2024 at 5:36 PM
Reposted by Princeton Sovereign Finance Lab
psrm.bsky.social
🪟Do the Bretton Woods Institutions promote transparency?

➡️J. Hollyer X. Pang @peterrosendorff.bsky.social J. Vreeland show that loan disbursements from the IMF and the WB are positively associated with economic transparency, especially in democracies www.cambridge.org/core/journal... #FirstView
October 31, 2024 at 9:16 AM