We study sovereign external debt crises over the past 200 years, with a focus on creditor losses, or “haircuts”. Our sample covers 327…
This paper employs high frequency transactions data on the world's two oldest and most extensive centralized peer-to-peer Bitcoin markets,…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
Compared with China's pre-eminent status in world trade, its role in global finance is poorly understood. This paper studies the size,…