In the current crisis period, the Sustainable Development Goals (SDGs) have provided a framework for new norms about governance of and access to external financing that emphasize stimulating investor interest and creating a suite of innovative instruments to address major development challenges....

This volume offers two important contributions to the literature on sovereign debt. First, it provides a unique genealogy of debt collection practices in terms of their availability, acceptability and efficacy. We argue that creditors’ tactics and methods to enforce debt repayment emerged and...

You have requested my advice on (a) the possibility of lawsuits against the Peoples Republic of China (“PRC”) by holders of the pre-1950s bonds issued by the Imperial Chinese Government (“ICG”) (the “IGC Bonds”) and whether PRC need to be concerned about such suits in the United...

New York City is the hot spot of the COVID-19 pandemic in the United States. This paper merges information on the number of tests and the number of infections at the New York City zip code level with demographic and socioeconomic information from the decennial census and the American Community...

Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...

This paper studies how the currency composition of public debt affects debt sustainability in developing countries. We show empirically that the debt-to-GDP ratio tends to grow at a faster rate when countries with a high share of foreign currency debt face a currency depreciation. The paper also...