Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital...

This report examines key aspects of the European Union-China economic relationship, including trade, investment and China’s key...

This paper summarises recent trends in the international use of the euro and potential benefits and drawbacks of acquiring the status...

A large share of global trade being priced and invoiced primarily in US dollar rather than the exporter's or the importer's currency...

Compared with China’s dominance in world trade, its expanding role in global finance is poorly documented and understood. ...

KBW 24: According to a recent German-French proposal, a financial market transaction tax (FTT) at a rate of 0.2% on the purchase of...

The World Trade Organisation (WTO) has brought very significant rewards to the international community. In small, open economies like...

Germany is world champion in exporting capital (“Exportweltmeister”). No other country invests larger amounts of savings outside its...

Das zunehmende Risiko, bei einem Staatsbankrott verklagt zu werden, hat bereits jetzt Auswirkungen auf die Zahlungsbereitschaft von...

This paper provides an overview of the small but growing literature on the bilateral foreign aid activities carried out by the five...

This paper introduces a new dataset of official financing — including foreign aid and other forms of concessional and non-concessional...

One goal of China’s Go Out policy is to create goodwill in countries around the world. At the same time, China’s growing economic...

How do development projects influence the geographic distribution of economic activity within low-income and middle-income countries?...

This article investigates whether China’s foreign aid is particularly prone to capture by political leaders of aid-receiving...

This article investigates whether China’s foreign aid is particularly prone to capture by political leaders of aid-receiving...

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

We show that political booms, measured by the rise in governments' popularity, predict financial crises above and beyond other...

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