Compared with China's pre-eminent status in world trade, its role in global finance is poorly
understood. This paper studies the size, terms and destination of Chinese official …

This paper shows that China has launched a new global system for cross-border rescue
lending to countries in debt distress. We build the first comprehensive dataset on China's …

This article reviews recent economic and legal literature on sovereign debt in light of the
COVID-19 shock. Most of the core theoretical contributions across the two disciplines hinge …

This paper surveys the literature on sovereign debt from the perspective of understanding
how sovereign debt differs from privately issue debt, and why sovereign debt is deemed safe …

This article studies external sovereign bonds as an asset class. We compile a new database
of 266,000 monthly prices of foreign-currency government bonds traded in London and New …

For centuries, defaulting governments were immune from legal action by foreign creditors.
This paper shows that this is no longer the case. Building a dataset covering four decades …

Este documento presenta una metodología para analizar la sostenibilidad de la deuda
pública, incorporando elementos que permiten cuantificar la incertidumbre del entorno …

We review the state of the sovereign debt literature and point out that the canonical model of
sovereign debt cannot be easily reconciled with several facts about sovereign debt pricing …

With a number of emerging markets and particularly low-income countries experiencing debt
distress after COVID, there is a lively policy debate. At the root of the debate is the …

The pandemic dealt a severe blow to Latin America and the Caribbean, inflicting
unfathomable human suffering and exacting a heavy economic toll. It has left many scars in …