States negotiate over the specific terms of multilateral treaties because those terms determine states’ willingness to ratify the treaty. In some... MORE
Unnoticed in the literature on sovereign bonds, an innovation has been taking place over the past decade and a half. Starting with a single issuance... MORE
All sovereign debt restructurings risk undershooting (providing less debt relief than is needed to restore the country to long-term sustainability)... MORE
In 2016, its economy in shambles and looking to defer payment on its debts, the Venezuelan government of Nicolás Maduro proposed a multi-billion... MORE
We analyze the price effect of the introduction of Collective Action Clauses (CACs) in newly issued sovereign bonds of Eurozone countries as of... MORE
Countries with large debts stocks are vulnerable to the vagaries of the markets. Confidence crises can arise out of nowhere, constricting access to... MORE
Courts routinely use low cash bail as a financial incentive to ensure that released defendants appear in court and abstain from crime. This can... MORE
We examine the microeconomics of using algorithms to nudge decision-makers toward particular social outcomes. We refer to this as "algorithmic social... MORE
The recession of 2008 precipitated a political crisis that motivated an unprecedented international project to curb corporate tax dodging. This... MORE
