This article introduces a new econometric model that includes an innovative measure of intersectoral structural change. This model describes the ...

An unprecedented cache of documents shows that Chinese loan contracts have unusual secrecy provisions, collateral requirements, and debt renegotiation restrictions.

... IfW researcher Christoph Trebesch comments on the "hold-out" strategy of some investors in the souvereign debt market ...

The outbreak of COVID-19 could drive Iran into economic and political chaos. US sanctions have substantially weakened the country. Export restrictions, as imposed e.g. by the EU, are now impeding access to urgently needed medical products. Diplomatic...

In order to counter a global payment crisis triggered by the corona pandemic, Kiel Institute experts Rolf J. Langhammer and Christoph Trebesch call for a rapid and drastic increase in the funds of the International Monetary Fund (IMF) from USD 1 to 2...

Kiel Institute research: returns on external sovereign bonds have been averaged at 7% annually across two centuries.

The legal risks of sovereign default have grown significantly in recent decades. Since the 1980s, creditors have been increasingly successful in suing defaulting countries, especially in courts in the US and UK. The main beneficiaries have been...

This article introduces a new econometric model that includes an innovative measure of intersectoral structural change. This model describes the ...

We analyze the effects of government spending in a New-Keynesian model with search and matching frictions featuring endogenous growth through learning-by-doing and skill loss from longterm unemployment.