Officially released! My new book "Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions" is about the geoeconomics of China's sovereign funds and FX reserves management. A 6-part thread of key arguments: amazon.com/Sovereign-Fund…

#DebtCon7 is coming to a close after 3 days of vibrant discussions on #SovereignDebt. We express our gratitude to the speakers,participants & all who joined us in Paris & remotely. Recordings are gradually posted here 👉 buff.ly/44Vh28L Excited to meet again next year!

#HiddenDebtRevelations! How reliable are public debt stats? Our working paper with S. Horn, Philipp Nickol, Cesar Sosa Padilla is out today analyzing hidden sovereign debts across 146 countries and 53 years. Let’s dive in! ⬇️

A first - measuring impact of debt transparency on borrowing costs using natural experiment of Cameroon's temporary contract disclosure regime. By Lee Crawfurd and Theodore Mitchell of Center for Global Development

I spoke with Paola Subacchi Chair in Sovereign Debt PSIA Sciences Po on “Greece on the brink, 2010/15: the debt crisis that hindered Europe” inaugurating the Chair’s DebtTalks podcast bit.ly/48fSskE Pleased it got a “clean” rating, clearly a show for the whole family.

For the 5th year, we've examined hundreds of websites to uncover the debt information that emerging countries share to the public. Compared to last year: same strong performers (e.g. Benin, Burkina), few improvements (Tajikistan, Djibouti), some regressing worldbank.org/en/topic/debt/…

🔥 CALL TO ARMS, DEBTNERDS! 🔥 DebtCon is BACK where it all began. Don't miss the 10-year anniversary conference. 📅 Mark your calendars, sharpen your pencils, and send in those papers. Anna Gelpern Layna Mosley Martin Kessler

An extremely helpful paper from Gregory Makoff Theo Maret & Logan Wright on changes to the international financial architecture in recent years. Sovereign debt restructurings with Chinese characteristics. This graphic shows the old process, à la Paris Club. 1/x

📢 The Sovereign Debt Forum and Massive Data Institute have launched the #PublicDebtIsPublic initiative, the first web-based sovereign debt documentation and data commons, promoting transparency and accountability in government borrowing. 🌍📊 bit.ly/4aD6j5A @agelpern

Short and useful brief by Lazard on recent debt restructuring cases: lazard.com/research-insig… Key messages: the debt restructuring system "has worked well, given the circumstances, but in a slow and tortuous way"; its merit is having brought China to the negotiation table. 1/3

🚨Happy to finally post a draft a new CEPR paper on sovereign #debt relief and Chinese lending with Tito Cordella (Johns Hopkins SAIS) and Maia Cufre. We challenge the prevailing view suggesting that China and other emerging lenders exploited debt relief under the HIPC initiative

🚨 New Paper and Public Good🚨 "The Global Macro Database: A New International Macroeconomic Dataset", joint with Chenzi Xu, Mohammed Lehbib, and Ziliang Chen. We built the most comprehensive macro database ever—covering 243 countries from 1086-today, integrating 110 sources. 🧵

"We empirically characterize how China is internationalizing its bond market by staggering the entry of different types of foreign investors into its domestic market." NEW in AER by Christopher Clayton, Amanda Dos Santos, Matteo Maggiori & Jesse Schreger: aeaweb.org/articles?id=10…

Thrilled to see my paper on China's overseas lending featured on NBER homepage! Paper: nber.org/papers/w33519 Currently working on comparing the effects of China's lending to other major lenders like World Bank, IMF, the Paris Club.

🚨 Exciting news for my fellow sovereign debt nerds! Sharing a new dataset on sovereign external debt crises: haircuts by restructuring & aggregated by debt-crisis spell since 1815. Updated to Dec 2024 & alive. Hopefully useful for research and policy alike!

International Macro/Finance and Sovereign Debt Workshop openmacro.weebly.com

Excited to share "High-Profile Corruption Convictions, Government Reactions, and Public Approval: A Comparative Analysis Across Levels of Democracy", co-authored with Feng Yang Governance Journal. doi.org/10.1111/gove.7…

A new book, Debt's Grip, comes out just as the Wall Street Journal reports on the deep financial struggles of American households. creditslips.org/creditslips/20…

I am on the legal academic job market! My job talk paper is on how courts in tax, corporate, and bankruptcy law spheres value business interests systematically differently, such that the same asset is "worth" different amounts of money depending on the substantive underlying law.

📰 New paper forthcoming in Explorations in Economic History! Venice, 1619–1666 → A cautionary tale on fiscal monetization & currency depreciation. Even credible states can't escape fiscal dominance. 📜 Paper 👉 tinyurl.com/435hhsa6 📖 TL;DR → Read our VoxEU Column 👇