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China as an international lender of last resort

Horn, Sebastian; Parks, Bradley; Reinhart, Carmen M.; … - 2023 - First draft: March 2023

This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. We build the first comprehensive dataset on China’s overseas bailouts between 2000 and 2021 and provide new insights into China’s growing role in the global financial...

Persistent link: https://www.econbiz.de/10014247738

This time is different : eight centuries of financial folly

Reinhart, Carmen M.; Rogoff, Kenneth S. - 2009

worthy of a longer book. In a world where every second counts, how better to stay up-to speed on current events and digest … world where information is everywhere but quality is at a premium. The Second Great Contraction does just that. …: Emerging Europe, 1300-1799 -- Capital Inflows and Default: An "Old World" Story -- External Sovereign Default after 1800: A …

Persistent link: https://www.econbiz.de/10014292540

This time is different : eight centuries of financial folly

Reinhart, Carmen M.; Rogoff, Kenneth S. - 2009

Persistent link: https://www.econbiz.de/10003846403

On Graduation from Default, Inflation and Banking Crisis : Elusive or Illusion?

Qian, Rong - 2015

This paper uses a data set of over two hundred years of sovereign debt, banking and inflation crises to explore the question of how long it takes a country to "graduate" from the typical pattern of serial crisis that most emerging markets experience. We find that for default and inflation...

Persistent link: https://www.econbiz.de/10013038715

This Time is Different Chartbook : Country Histories on Debt, Default, and Financial Crises

Reinhart, Carmen M. - 2010

cycles, banking and sovereign debt crises, hyperinflation, and, for the post World War II period, the reliance on IMF …

Persistent link: https://www.econbiz.de/10013146940

From Financial Crash to Debt Crisis

Reinhart, Carmen M. - 2010

analysis is on three related hypotheses tested with both "world" aggregate levels and on an individual country basis. First …

Persistent link: https://www.econbiz.de/10013147119

Growth in a Time of Debt

Reinhart, Carmen M. - 2010

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...

Persistent link: https://www.econbiz.de/10013149089

The Liquidation of Government Debt

Reinhart, Carmen M. - 2014

Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of 'financial repression.' Financial repression includes directed lending to government by captive...

Persistent link: https://www.econbiz.de/10013067013

The Liquidation of Government Debt

Reinhart, Carmen M. - 2011

Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive...

Persistent link: https://www.econbiz.de/10013127094

The Liquidation of Government Debt

Reinhart, Carmen M. - 2011

Historically, periods of high indebtedness have been associated with a rising incidence of default or restructuring of public and private debts. A subtle type of debt restructuring takes the form of "financial repression." Financial repression includes directed lending to government by captive...

Persistent link: https://www.econbiz.de/10013128286