This paper explores factors that affect the distance between sovereign credit ratings and the ratings assigned to new foreign-currency bonds issued by sub-sovereign entities (such as private non-financial...
This paper constructs a large contract-level data set to examine factors that trigger breach of foreign investment contracts. Similar to the case of outright expropriation, political regime type is an...
After the tsunami in Aceh, Indonesia, the recovery of fishing was limited while non-fishing sectors temporarily expanded. This paper shows that fishermen's ex-post labor supply responses continued to be...
Did the rise in food prices have a long-term impact on agricultural production? Using household-level panel data from seven provinces of Indonesia, this paper finds that the price shock created a forward-looking...