For the last two centuries, great powers have fiercely competed to set the technical standards for leading technologies. By imposing their…
Today, as the world confronts the unique challenges posed by another unprecedented and in some ways even more terrifying technology—…
For the last two centuries, great powers—both nations and their associated firms—have fiercely competed to set the technical standards for…
This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
Concerns about fraud in welfare programs are common arguments worldwide against such programs. We conducted a survey experiment with over…
The existence of collective reputation implies an important externality. Among firms trading internationally, quality shocks about one…
China's lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China's loans, the…
We evaluate the duration of the China trade shock and its impact on a wide range of outcomes over the period 2000 to 2019. The shock…
Given the government’s goals to restructure the economy away from investment and exports to consumption and to reduce inequality, it is…