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Randall Henning

@randallhenning.bsky.social
798 followers 132 following 41 posts

Publishing on international regime complexes, their evolution, international financial institutions, sovereign debt restructuring, global governance. Based in D.C. at American University.

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Randall Henning @randallhenning.bsky.social · 04/03/2026
and @kevinpgallagher.bsky.social @debtjustice.bsky.social @cgdev.org @agelpern.bsky.social @theomaret.bsky.social @jzettelmeyer.bsky.social @veron.bsky.social
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Randall Henning @randallhenning.bsky.social · 04/03/2026
Could be of interest to @mileskahler.bsky.social @laynamosley.bsky.social @rickyclark.bsky.social @stefwalter.bsky.social @danielmcdowell.bsky.social @mcopelov.bsky.social @jeffcolgan.bsky.social @lipscy.bsky.social @peterrosendorff.bsky.social @marinazucker.bsky.social
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Randall Henning @randallhenning.bsky.social · 04/03/2026
It offers 8 recommendations, including w/r to threshold effects from income classification; political threats to sustainability; analysis of institutional strength; climate considerations; and Bank-Fund collaboration. DSAs cannot be perfect, but they should not be perceived as biased. RTs welcome.
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Randall Henning @randallhenning.bsky.social · 04/03/2026
My new paper has just been posted by the Global Governance program at Carnegie. Debt sustainability analyses, produced by the IMF and World Bank, critically determine financing to and debt restructuring needed from low-income countries. I examine their framework (LIC-DSF), currently under review.
carnegieendowment.org
Getting Debt Sustainability Analysis Right: Eight Reforms for the Framework for Low-Income Countries
The pace of change in the global economy suggests that the IMF and World Bank could be ambitious as they review their debt sustainability framework.
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Randall Henning @randallhenning.bsky.social · 09/05/2025
We’ll discuss competitiveness, defense, competition, fiscal integration and EU autonomy. Should be of interest to @katemcnamara.bsky.social @erik-jones.bsky.social @rdanielkeleman.bsky.social @vanghel.bsky.social @manuelamoschella.bsky.social @waltraudschelkle.bsky.social
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Randall Henning @randallhenning.bsky.social · 09/05/2025
At #EUSA2025 many great panels on Europe in realignment, internally and externally. See our panel on the Draghi Report and Transatlantic Relations, Saturday, 8:30, Homer. With @ofioretos.bsky.social Amy Verdun, Mark Pollack, Matthias Matthijs, @jefeja.bsky.social
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Randall Henning @randallhenning.bsky.social · 18/03/2025
www.ft.com/content/8074...
ft.com
Germany’s parliament approves Friedrich Merz’s €1tn spending plan
Chancellor-in-waiting uses outgoing Bundestag to loosen debt brake and unleash investments in defence and infrastructure
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Randall Henning @randallhenning.bsky.social · 18/03/2025
www.ft.com/content/8074...
ft.com
Germany’s parliament approves Friedrich Merz’s €1tn spending plan
Chancellor-in-waiting uses outgoing Bundestag to loosen debt brake and unleash investments in defence and infrastructure
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Randall Henning @randallhenning.bsky.social · 18/03/2025
The end of an era in German economic policy and the beginning of a new one: Bundestag approves Friedrich Merz’s €1tn spending plan
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Randall Henning @randallhenning.bsky.social · 05/12/2024
The report solidifies two dueling narratives, one a diagnosis of illiquidity, the other of debt unsustain- ability, to play out in the coming months.
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Randall Henning @randallhenning.bsky.social · 04/12/2024
WB 2024 debt report is now published. "[A] metastasizing solvency crisis .... continues to be misdiagnosed as a liquidity problem in many of the poorest countries," writes Chief Economist Indermit Gill. www.worldbank.org/en/programs/...
worldbank.org
International Debt Report
The World Bank’s International Debt Report features external debt statistics and analysis for low- and middle-income countries and information on new bond issuance in international capital markets.
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Randall Henning @randallhenning.bsky.social · 25/11/2024
So glad to find this debt starter pack on Bsky, and to be shifting the conversation here. Thankyou @kpatricio.bsky.social @upanizza.bsky.social
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Randall Henning @randallhenning.bsky.social · 28/09/2024
Should be of interest @mileskahler.bsky.social @laynamosley.bsky.social @rickyclark.bsky.social @stefwalter.bsky.social @danielmcdowell.bsky.social @mcopelov.bsky.social @jeffcolgan.bsky.social @lipscy.bsky.social @peterrosendorff.bsky.social @marinazucker.bsky.social @kevinpgallagher.bsky.social
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Randall Henning @randallhenning.bsky.social · 28/09/2024
Pleased to post new paper on IMF policy reforms and debt restructuring -- lending into arrears, financing assurances, etc. Tho complex, these changes hold the prospect of speeding lending to debtor countries, reducing financial losses, and socializing non-Paris Club creditors into the process.
cigionline.org
The IMF’s April 2024 Policy Reforms and Sovereign Debt Restructuring
The Common Framework for Sovereign Debt Restructuring provides a process for easing debt burdens on low-income countries but has operated too slowly for the four countries that have so far sought reli...
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Randall Henning @randallhenning.bsky.social · 04/09/2024
@jfmorin.bsky.social @mileskahler.bsky.social @laynamosley.bsky.social @gbeaumier.bsky.social @erikvoeten.bsky.social @rickyclark.bsky.social @stefwalter.bsky.social @danielmcdowell.bsky.social @mcopelov.bsky.social @adreher.bsky.social @jeffcolgan.bsky.social @abenewman.bsky.social
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Randall Henning @randallhenning.bsky.social · 04/09/2024
#APSA2024 Panel on Thursday on the Evolution of International Regime Complexes, 2-3:30, Marriott Room 406, with Julia Gray, Ayse Kaya, Eugenia Heldt, Orfeo Fioretos, Mark Pollack and myself. We address how and why complexes adapt or fail to do so.
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Could interest @jfmorin.bsky.social @mileskahler.bsky.social @laynamosley.bsky.social @gbeaumier.bsky.social @erikvoeten.bsky.social @rickyclark.bsky.social @stefwalter.bsky.social @danielmcdowell.bsky.social @mcopelov.bsky.social @adreher.bsky.social @jeffcolgan.bsky.social @abenewman.bsky.social
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Randall Henning @randallhenning.bsky.social · 09/02/2024
We heartily thank Alison Johnston, @hozic.bsky.social @RIPEJournal editorial team and our reviewers, especially our enormously constructive macroreviewer, whoever they might be!
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Randall Henning @randallhenning.bsky.social · 09/02/2024
We invite scholars to investigate similar dynamics in other of regime complexes, further develop measures of hierarchy and differentiation, examine accountability and legitimacy in complexes, and expand on our conjectures about the evolution of complexes over time.
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Finally, I test the framework theory against three regional complexes for crisis finance in East Asia, Latin America and Europe, finding it generally holds. The single anomaly (adjustment in euro area) is explained by inter-institutional collaboration. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Tyler Pratt argues that, when institutions are differentiated by value (benefits increase as rules become more rigorous), institutional overlap can actually increase policy adjustment, shown by election observation and carbon offsets. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
@stephofmann @patrykpawlak explore emergence of complexes in entirely new issue areas, focusing on cyberspace. Resourceful governments reconfigure policy frames in new/existing institutions to build coalitions, reducing differentiation. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Rie Kijima and @lipscy.bsky.social examine education, arguing network effects and entry barriers configure inter-institutional competition, and finding that, when seeking change, powerful states introduce institutional overlap while weaker ones differentiate. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
@Mer29Eilstrup theorizes how complexes' architectures facilitate and constrain institutional development in an endogenous, path-dependent fashion, examining three critical junctures in the evolution of the complex for nuclear nonproliferation. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Our framework article, coauthored with Tyler Pratt (@TPr47413111), theorizes the link btwn institutional hierarchy and differentiation ("architecture"), otoh, and policy adjustment, regime shifting/creation, otoh - tested by 6 articles in the collection. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
@stephofmann @patrykpawlak explore emergence of complexes in entirely new issue areas, focusing on cyberspace. Resourceful governments reconfigure policy frames in new/existing institutions to build coalitions, reducing differentiation. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Rie Kijima and @lipscy.bsky.social examine education, arguing network effects and entry barriers configure inter-institutional competition, and finding that, when seeking change, powerful states introduce institutional overlap while weaker ones differentiate. www.tandfonline.com/doi/full/10....
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Randall Henning @randallhenning.bsky.social · 09/02/2024
Very pleased to announce that our project on International Regime Complexity (summarized in this thread, poster earlier this week on X) is now fully published and openly available @RIPEJournal as a collection at www.tandfonline.com/journals/rri...
tandfonline.com
International Regime Complexes
Explore the article collection: International Regime Complexes. Published in Review of International Political Economy.
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Randall Henning @randallhenning.bsky.social · 07/01/2024
We are also interested in how and why international institutions collaborate among themselves or fail to do so. We especially invite proposals proposals that address democracies’ international collaboration, and collaboration’s impact on the quality, resilience and restoration of democracy.
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Randall Henning @randallhenning.bsky.social · 07/01/2024
For APSA2024, please consider submitting your panel or paper proposal to Division 17 International Collaboration. Submission deadline is January 17. Our division is concerned with a broad array of state and non-state cooperation. Please circulate!
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Randall Henning @randallhenning.bsky.social · 28/11/2023
The International Collaboration division encourages proposals for papers and panels at APSA2024 in Philadelphia, Sept 5-8. Our submission portal is now open! See our call at connect.apsanet.org/apsa2024/202...
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Randall Henning @randallhenning.bsky.social · 15/11/2023
Today, Tyler Pratt published "Value Differentiation, Policy Change and Cooperation in International Regime Complexes" in RIPE, part of our special issue on regime complexity and open access. Congratulations Tyler! www.tandfonline.com/doi/epdf/10....
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Randall Henning @randallhenning.bsky.social · 31/10/2023
9/9 but acknowledge other factors can also be important and propose the theory as a scaffolding to which supplements can be attached.  Thank you to everyone who advised and assisted along the way! Reposts welcome.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
8/ We encourage other scholars to test these expectations against additional cases of regime complexes, historical, current and emerging.  We submit that hierarchy and differentiation are important determinants of outcomes in all complexes, . . .
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Randall Henning @randallhenning.bsky.social · 31/10/2023
7/ We review origins of regime complexes and identify feedback processes that drive their evolution over time.  Serves as framework for a RIPE special issue on regime complexity (w @lipscy.bsky.social, Rie Kijima, Mette Eilstrup-Sangiovanni, Stephanie Hofmann, Patryk Pawlak) -- posts forthcoming.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
6/ Hierarchical and differentiated complexes exhibit policy adjustment that is stronger, disciplined relative to nonhierarchical-undifferentiated ones, while hierarchical-undifferentiated and nonhierarchical-differentiated complexes exhibit regime shifting and creation, respectively.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
5/ Specifically, we identify testable hypotheses regarding the joint effects of authority and differentiation on behavioral adjustment on the part of states and other actors, and their strategic responses to sustained dissatisfaction with the regime.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
4/ We highlight two features of relations among institutions, relations of authority and institutional differentiation, that vary across regime complexes and provide their basic "architectures."  This architecture in turn shapes patterns of cooperation within the issue area.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
3/ But scholars reach different conclusions as to whether such complexes strengthen or weaken cooperation.  Our new article proposes a general theoretical framework for explaining variation in outcomes across regime complexes.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
2/ Regime complexes are sets of international institutions that operate in a common issue area and the (formal and informal) mechanisms that coordinate them -- as found eg in development finance, climate change mitigation or peacekeeping.
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Randall Henning @randallhenning.bsky.social · 31/10/2023
The Review of International Political Economy has just published a piece by Tyler Pratt and myself, open access.
tandfonline.com
Hierarchy and differentiation in international regime complexes: a theoretical framework for compara...
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