Stephany Griffith-Jones
Miguel SegovianoWe suggested that, if it could be demonstrated that the correlation between developed/developed country lending was higher than that between developed/developing, then a case could be made that an internationally diversified loan portfolio, with a range of developed and developing country borrowers, would have a lower level of risk – in terms of the overall portfolio – than one which focused primarily on developed country lending. If this is, in fact, the case, then it would be possible – and certainly desirable – for the Basel Committee to incorporate the benefits of international diversification into the new Accord.
Remarks by Martín Guzmán at 12th Edition of the Paris Forum: Key findings and conclusions of the Jubilee Report
Dear members of the Paris Club Secretariat, Thank you for the invitation to present some of the key findings and conclusions of the Jubilee Report, commissioned by Pope Francis and prepared by a Commission of
Martín Guzmán
Joseph Stiglitz