The Global Debt Market Effects of Federal Reserve Tapering and Euro Area Stabilization


October 10, 2013, 12:00 AM EDT
Peterson Institute for International Economics, Washington, DC
Adam S. Posen (PIIE), Jeromin Zettelmeyer (PIIE), Lucio Vinhas de Souza (Moody's Investor Service) and Dietmar Hornung (Moody's Investor Service)

Event Summary

The Peterson Institute held its semiannual Moody's Investor Service–PIIE Sovereign Economic Panel on October 10, 2013. Lucio Vinhas de Souza from Moody's and Adam S. Posen from PIIE will assess the global impact of Federal Reserve tapering of stimulus. Dietmar Hornung, Moody's, and Jeromin Zettelmeyer, PIIE, will discuss the effects of debt restructuring and structural reform on signs of euro area stabilization.

Lucio Vinhas de Souza, Moody's managing director and sovereign chief economist, will discuss US monetary tapering and its repercussions in the credit market. Adam S. Posen will discuss the global impact of Federal Reserve actions and response options of other central banks. Dietmar Hornung, Moody's vice president and senior credit officer, will discuss his latest assessment of reform and progress towards sustainability in the euro area. Jeromin Zettelmeyer will then present his analyses of the European sovereign debt bailouts to date and their workability.

Event Materials

Lucio Vinhas de Souza
Dietmar Hornung [pdf]