Prof. Dr. Christoph Trebesch

Head

International Finance and Global Governance

Informationen

Further Affiliations

Main research interests

Sovereign Debt and Default
International Capital Flows
Financial Stability and Financial Crises
Political Economy
International Financial Institutions

For an overview of my research papers please visit:
https://sites.google.com/site/christophtrebesch/research

Current Position:
Since April 2017 Kiel Institute, Head of Research Area “International Finance and Global Governance”
Since April 2017 Professor of Macroeconomics (tenured), Kiel University

Previous Positions:
2011-2017 Assistant Professor, Dept. of Economics, University of Munich (LMU)
2006-2011 Research Associate, Hertie School and FU Berlin

Education:
2011 PhD (Doctorate) in Economics, Free University Berlin
2009/2010 Yale, Visiting Graduate Student (Fox Fellowship)
2005/2006 Kiel Advanced Studies Programme
2005 Master (Diplom) in Economics, Free University Berlin

Research Visits:
2016 (Febr/April) UC Berkely
2014 (Jan & Oct) Harvard Kennedy School
2013 (Sept.) Fed Chicago
2013 & 2010 International Monetary Fund

Journal Article

Going to Extremes: Politics after Financial Crises, 1870-2014

European Economic Review

09/2016

Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow post-crisis recoveries. Recent events in Europe provide ample evidence that...

Journal Article

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

American Economic Review: Papers Proceedings

01/2016

Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their timing. We date...

Migration contributes to the circulation of goods, knowledge, and ideas. Using community and individual-level data from Moldova, we show that the emigration episode that...

Journal Article

Sovereign Debt Relief and Its Aftermath

Journal of the European Economic Association

02/2016

This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in two distinct samples: 1920–1939,...

Journal Article

The Greek Debt Restructuring: An Autopsy

Economic Policy

01/2013

The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief – over 50% of 2012 GDP – with minimal financial...

Journal Article

Sovereign Defaults: The Price of Haircuts

American Economic Journal: Macroeconomics

01/2013

A main puzzle in the sovereign debt literature is that defaults have only minor effects on subsequent borrowing costs and access to credit. This paper comes to a different...

Christoph Trebesch , Jeromin Zettelmeyer

We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of...

Working Paper

Sovereign Bonds since Waterloo

NBER Working Paper

02/2019

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Josefin Meyer , Carmen M. Reinhart , Christoph Trebesch

This paper studies external sovereign bonds as an asset class. We compile a new database of 220,000 monthly prices of foreign-currency...

Christoph Trebesch

Sovereign defaults are bad news for investors and debtor countries, in particular if a default becomes messy and protracted. Why are...

Marcos Chamon , Julian Schumacher , Christoph Trebesch

Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-à-vis domestic bonds. This...

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System Message

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Dirk Dohse , Gabriel Felbermayr , Holger Görg ...

Kiel Policy Brief No. 122: In their paper, the authors warn of a new trend towards autarky under the catchword of "technology...

Christoph Trebesch , Manuel Funke , Moritz Schularick

The 2008 financial crisis was devastating to the world economy. But the biggest cost of the crisis might be not economic but...

Populism is one of the main challenges of our time. However, the phenomenon has not been sufficiently researched so far, especially in economics. In particular, there is a lack of sustainable prevention strategies. This...

In a project with Carmen Reinhart and Vincent Reinhart we ask: How do international capital flows affect global financial stability? To address this question we create a new, extensive database on international capital...

The legal risks of sovereign default have grown significantly in recent decades. Since the 1980s, creditors have been...

Global Solutions Summit 2019

Achieving Paradigm Change

18 - 19 Mar 2019

With a view to the Japanese G20 Presidency 2019 and T20 Summit in Tokyo, the Global Solutions Summit – The World Policy Forum in Berlin will take place on 18-19 March 2019.

Institut für Weltwirtschaft

Empirical study from Christoph Trebesch and Manuel Funke about the effect of financial crisis on elections. ...

Christoph Trebesch et. al. say that in recent decades, the legal standards of sovereign immunity have gradually eroded in global...

According to Christoph Trebesch, there have been 14 such capital “busts” in the past 200 years similar to the sharp reversal of...

Manuel Funke, Moritz Schularick and Christoph Trebesch found out that far-right and right-wing populist parties saw an increase in...

Prof. Dr. Christoph Trebesch

Informationen

Further Affiliations

Main research interests

Selected Publications

Going to Extremes: Politics after Financial Crises, 1870-2014

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

The Effect of Labor Migration on the Diffusion of Democracy: Evidence from a Former Soviet Republic

Sovereign Debt Relief and Its Aftermath

The Greek Debt Restructuring: An Autopsy

Sovereign Defaults: The Price of Haircuts

ECB interventions in distressed sovereign debt markets: The case of Greek bonds

Sovereign Bonds since Waterloo

Resolving Sovereign Debt Crises: the Role of Political Risk

Foreign-Law Bonds: Can They Reduce Sovereign Borrowing Costs?

System Message

Time for a new Industrial Policy? (original publication in German)

The Financial Crisis Is Still Empowering Far-Right Populists

Populism and Economic Upheavals since 1870: A Quantitative Analysis

International Capital Flows – A Long Run View

Creditor Lawsuits Are Making Debt Crises More Difficult to Resolve

Past Events

Achieving Paradigm Change

Global Macroeconomics and Global Governance - Josefin Meyer & Christoph Trebesch

Research in International Finance (Master level, Kiel University)

Populism and Political Economy (Master level, Kiel University)

In the News

Ten years after Lehman: Can liberal democracy survive another financial crisis?

Era of the Holdout Is Raising the Cost of Sovereign Default

Countries rarely default on their debts

How to Shorten the Lifespan of Trumpian Populism

Kiel Institute for
the World Economy

Informationen

Further Affiliations

Main research interests

Selected Publications

System Message

Past Events

In the News

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