This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
The global economy has witnessed great economic volatility in the first two decades of the 21st century. Yet over this period, and in…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
The Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and the Inflation Reduction Act authorized and appropriated…
This paper employs an updated algorithm and database for classifying exchange rate and anchor currency choice, to explore the evolution of…
To understand the possible trajectory of inflation in 2022 and beyond, it is helpful to understand why the United States and Europe had so…
When we think about infrastructure, two features stand out in most people's minds: the high magnitude of investment costs and the up-front…
The US economy has not fully recovered, and continued shortfalls in employment and gross domestic product (GDP) warrant continued…
This paper employs high frequency transactions data on the world’s oldest and most extensive centralized peer-to-peer Bitcoin market, which…