In Global Health 2050, the Lancet Commission on Investing in Health concludes that dramatic improvements in human welfare are achievable by…
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…
As the prospect of average global warming exceeding 1.5°C becomes increasingly likely, interest in supplementing mitigation and adaptation…
Compared with China's pre-eminent status in world trade, its role in global finance is poorly understood. This paper studies the size,…
In the twenty-first century the balance of world economic growth has shifted from the G7 industrialized economies, led by Europe, Japan,…
A trade war is a negative supply shock, and central banks cannot counteract the negative effects of current policies on real incomes in the…
US President Donald Trump has called the United States-Mexico-Canada Agreement, which succeeds NAFTA, “the single greatest agreement ever…
US President Donald Trump’s aggressive approach to trade, which was on stark display at last week’s G7 summit in Quebec, has elicited…