Martin Guzman served as Minister of Economy of the Republic of Argentina (December 2019- July 2022). As Minister of Economy of Argentina, he led the management of a sovereign debt crisis that included the second largest sovereign debt restructuring in history (2020), the economic policy to manage the Covid-19 pandemic in the context of the debt and inflation crises, the policies for the fast economic and employment recovery in 2021, the debt restructuring negotiations with the Paris Club, and the negotiations with the International Monetary Fund towards a deal achieved in January 2022 for refinancing the largest loan in the history of the institution that had been agreed in 2018.

He is a leading global expert in the fields of sovereign debt and debt crises resolution. His research focuses on the emergence, propagation, and resolution of macroeconomic disequilibria, monetary economics, and economic development. His research has been published in leading international journals and books.

He is a William S. Beinecke Visiting Professor of Public Policy in the Faculty of International and Public Affairs of Columbia University, where he teaches Sovereign Debt and Power Dynamics. He is also a Professor of Money, Credit, and Banking at the National University of La Plata, Argentina.

He is the co-President of the Initiative for Policy Dialogue (IPD), an academic center at Columbia University Business School established in 2000 by Nobel Laureate Joseph E. Stiglitz, which works to broaden dialogue and explore trade-offs in development policy by bringing the best ideas in development to policymakers facing globalization’s complex challenges and opportunities, and that strives to contribute to a more equitably governed world by democratizing the production and use of knowledge. At IPD, he is also the Director of the Sovereign Debt Management and Restructuring Program.

He has served as editor-in-chief of the Journal of Globalization and Development and is a member of the editorial board.

He is a member of the Pontifical Academy of Social Sciences in the Vatican, a member of the Scientific Board of the Trento Summer School in Adaptive Economic Dynamics at the University of Trento, Italy, and a Young Global Leader of the World Economic Forum. He is also a Commissioner of the Independent Commission for the Reform of International Corporate Taxation (ICRICT).

He holds a PhD. In Economics from Brown University, United States (2013). Prior to his doctoral studies, he received a B.A. in Economics (2005) and a M.A. in Economics (2007) from the National University of La Plata, Argentina.

By this expert

Ending the Wild West of Sovereign Debt Restructuring

Article | Jul 23, 2018

Clear rules and sound principles for debt restructuring would level the playing field between developing countries and creditors

The Roots of Argentina’s Surprise Crisis

Article | Jun 12, 2018

A change in macroeconomic policies will not be sufficient to set Argentina on a path of inclusive and sustained economic development. But, as last month’s currency scare showed, abandoning the approach adopted by President Mauricio Macri’s administration at the end of 2015 is a necessary step.

Argentina’s Unseen Fragility

Article | May 18, 2018

With growth fueled by an increase in debt, Argentina is facing an uncertain economic future, despite investors’ generally rosy view. The government of Mauricio Macri has options to address the country’s macroeconomic risks, but none of them will be free of tough choices.

Learning, Expectations, and the Financial Instability Hypothesis

Paper Working Paper Series | | Nov 2015

This paper analyzes what assumptions on formation of expectations are consistent with Minsky’s Financial Instability Hypothesis (FIH) and its corollaries.

Featuring this expert

YSI Conference on Debt Sustainability

YSI Event Conference YSI | Apr 28–30, 2023

Discussions on the key conceptual and policy themes for sovereign debt sustainability with a view to proposing possible policy reforms.

¿Otra crisis de la deuda en el Sur Global? Economista revela la clave para entenderla.

Article | Apr 17, 2023

Martín Guzmán, ex ministro de Economía de Argentina, explica cómo el rol del poder debe ser central en la investigación económica, especialmente cuando se trata de deuda soberana.

Another Debt Crisis in the Global South? Economist Reveals the Key to Understanding It

Article | Apr 17, 2023

Martin Guzman, Argentina’s former Minister of Economy, explains how the role of power should be central to economic research – especially when it comes to sovereign debt.

YSI 2020 Plenary: New Economic Questions

Young Scholars Initiative Virtual Plenary

YSI Event Plenary YSI | Nov 6–15, 2020

What are the 100 most pertinent economic questions facing our global societ?