Documents et rapports
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China as an International Lender of Last Resort (anglais)
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the first comprehensive dataset on China’s overseas bailouts between...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS10380 Date du document: 27 mars 2023 Mode de publication: Disclosed Auteur: Horn,Sebastian Andreas,Parks,Bradley Christopher,Reinhart,Carmen M.,Trebesch,Christoph
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Hidden Defaults (anglais)
China’s lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China’s loans, also the associated defaults remain “hidden”, as missed payments and...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9925 Date du document: 4 février 2022 Mode de publication: Disclosed Auteur: Horn,Sebastian Andreas,Reinhart,Carmen M.,Trebesch,Christoph
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Sovereign Bonds since Waterloo (anglais)
This paper studies external sovereign bonds as an asset class. It compiles a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9906 Date du document: 20 janvier 2022 Mode de publication: Disclosed Auteur: Meyer,Josefin,Reinhart,Carmen M.,Trebesch,Christoph
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Coping with Disasters : Two Centuries of International Official Lending (anglais)
Official ending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during wars, financial crises and natural catastrophes. This paper assembles the...
Type de document: Document de travail de recherche sur les politiques Numéro du rapport: WPS9612 Date du document: 5 avril 2021 Mode de publication: Disclosed Auteur: Horn,Sebastian,Reinhart,Carmen M.,Trebesch,Christoph