Search Results - "TREBESCH, CHRISTOPH"

Going to extremes: Politics after financial crises, 1870–2014 by Funke, Manuel, Schularick, Moritz, Trebesch, Christoph

“…Partisan conflict and policy uncertainty are frequently invoked as factors contributing to slow post-crisis recoveries. Recent events in Europe provide ample…”
Get full text

The Effect of Labor Migration on the Diffusion of Democracy: Evidence from a Former Soviet Republic by Barsbai, Toman, Rapoport, Hillel, Steinmayr, Andreas, Trebesch, Christoph

“…Migration contributes to the circulation of goods, knowledge, and ideas. Using community and individual-level data from Moldova, we show that the emigration…”
Get full text

Restructuring Sovereign Bonds: Holdouts, Haircuts and the Effectiveness of CACs by Fang, Chuck, Schumacher, Julian, Trebesch, Christoph

“…Sovereign debt crises are difficult to solve. This paper studies the “holdout problem,” meaning the risk that creditors refuse to participate in a debt…”
Get full text

SOVEREIGN DEBT RESTRUCTURINGS: PREEMPTIVE OR POST-DEFAULT by Asonuma, Tamon, Trebesch, Christoph

“…Sovereign debt restructurings can be implemented preemptively—prior to a payment default. We code a comprehensive new data set and find that preemptive…”
Get full text

The output costs of hard and soft sovereign default by Trebesch, Christoph, Zabel, Michael

“…How costly are sovereign debt crises? In this paper we study output losses during sovereign default and debt renegotiation episodes since 1980. In contrast to…”
Get full text

Resolving sovereign debt crises: the role of political risk by Trebesch, Christoph

“…Abstract Sovereign defaults are bad news for investors and debtor countries, in particular if a default becomes messy and protracted. Why are some debt crises…”
Get full text

Sovereign defaults in court by Schumacher, Julian, Trebesch, Christoph, Enderlein, Henrik

“…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…”
Get full text

China's overseas lending by Horn, Sebastian, Reinhart, Carmen M., Trebesch, Christoph

“…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…”
Get full text

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015 by Reinhart, Carmen M., Reinhart, Vincent, Trebesch, Christoph

“…Capital flow and commodity cycles have long been connected with economic crises. Sparse historical data, however, has made it difficult to connect their…”
Get full text

Sovereign Bonds Since Waterloo by Meyer, Josefin, Reinhart, Carmen M, Trebesch, Christoph

“…Abstract This article studies external sovereign bonds as an asset class. We compile a new database of 266,000 monthly prices of foreign-currency government…”
Get full text

Foreign-Law Bonds: Can They Reduce Sovereign Borrowing Costs? by Chamon, Marcos, Schumacher, Julian, Trebesch, Christoph

“…Governments often issue bonds in foreign jurisdictions, which can provide additional legal protection vis-á-vis domestic bonds. This paper studies the effect…”
Get full text

The Greek debt restructuring: an autopsy by Zettelmeyer, Jeromin, Trebesch, Christoph, Gulati, Mitu, Monacelli, Tommaso, Whelan, Karl

“…The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief – over 50% of 2012 GDP – with minimal…”
Get full text

Sovereign Defaults: The Price of Haircuts by Cruces, Juan J., Trebesch, Christoph

“…A main puzzle in the sovereign debt literature is that defaults have only minor effects on subsequent borrowing costs and access to credit. This paper comes to…”
Get full text

SOVEREIGN DEBT RELIEF AND ITS AFTERMATH by Reinhart, Carmen M., Trebesch, Christoph

“…This paper studies sovereign debt relief in a long-term perspective. We quantify the relief achieved through default and restructuring in two distinct samples:…”
Get full text

The International Monetary Fund: 70 Years of Reinvention by Reinhart, Carmen M., Trebesch, Christoph

“…A sketch of the International Monetary Fund’s 70-year history reveals an institution that has reinvented itself over time along multiple dimensions. This…”
Get full text

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds by Trebesch, Christoph, Zettelmeyer, Jeromin

“…We study central bank interventions in times of severe distress (mid-2010), using a unique bond-level dataset of ECB purchases of Greek sovereign debt. ECB…”
Get full text

How China lends: a rare look into 100 debt contracts with foreign governments by Gelpern, Anna, Horn, Sebastian, Morris, Scott, Parks, Brad, Trebesch, Christoph

“…Abstract China is the world’s largest official creditor, but we lack basic facts about the terms and conditions of its lending. Very few contracts between…”
Get full text

SOVEREIGN DEBT RESTRUCTURINGS: PREEMPTIVE OR POST-DEFAULT: Sovereign Debt Restructurings by Asonuma, Tamon, Trebesch, Christoph

Get full text

What Explains Sovereign Debt Litigation? by Schumacher, Julian, Trebesch, Christoph, Enderlein, Henrik

“…We study the occurrence of holdout litigation in the context of sovereign defaults. The number of creditor lawsuits against foreign governments has strongly…”
Get full text

The Pitfalls of External Dependence: Greece, 1829-2015 by REINHART, CARMEN M., TREBESCH, CHRISTOPH

“…Two centuries of Greek debt crises highlight the pitfalls of relying on external financing. Since its independence in 1829, the Greek government has defaulted…”
Get full text