We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during

Econometric estimates of the determinants of current account (im)balances invariably start with the accounting ‘identity’ that the current account is equal to the difference between (national) savings and (national) investment. However, this...

China's lending to other countries is significantly larger than previously known and reported in official statistics. As of 2017, the world owed more than five trillion USD to the government of China, or around six percent of global economic output....

The return on German foreign assets is significantly lower than that of other countries that invest internationally. Since 1975, average annual returns have been about 5 percentage points below those of the USA and almost 3 percentage points below...

Report on the study "Sovereign Bonds since Waterloo" by Josefin Meyer, Carmen Reinhart, and Christoph Trebesch.

KBW 26: The COVID-19 virus has spread to 215 countries, virtually covering all areas of the world, and has plunged the world in a health emergency.