In this guest post, law professors Mark Weidemaier & Mitu Gulati evaluate the risk that euro area sovereign debt could be redenominated into new local currencies. The places to worry about are France and Italy, not Greece. Our work centers around questions related to sovereign debt, and lately we have heard from a number of industry friends who wanted to talk about redenomination risk for Euro area sovereigns.
Carney’s comments on climate change inspired a private sector task force to make recommendations on how companies should disclose climate risk and have finally been decided upon. Kate Mackenzie, a climate finance think tanker, explains why they could be a game changer.
Milan Vaishnav — senior associate at the Carnegie Endowment for International Peace and author of the forthcoming book, When Crime Pays: Money and Muscle in Indian Politics — explains why India needs to do something about the black money problem running right through the political system of the world’s largest democracy.