Gerald EpsteinThe cases reveal that policymakers were able to use capital management techniques
to achieve critical macroeconomic objectives. These included the prevention of maturity and
locational mismatch; attraction of favoured forms of foreign investment; reduction in overall
financial fragility, currency risk, and speculative pressures in the economy; insulation from the
contagion effects of financial crises; and enhancement of the autonomy of economic and social
policy. The paper examines the structural factors that contributed to these achievements, and
also weighs the costs associated with these measures against their macroeconomic benefits.
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