Once a famous tale of conquest, law and foreign bond markets, the saga of the Silesian Bonds of 1734-37 is missing from the literature on sovereign debt. The Silesian Bonds were among the earliest foreign currency sovereign bonds issued. They go into the market 84 years prior to the 1818...

This paper highlights an underexplored margin of heterogeneity that shapes resilience to disruptions in global shipping - the differential reliance of countries and sectors on specific categories of vessels. We combine US bills of lading records with ship registry and AIS-based port call data to...

Climate change damages vary across countries, because of regional variation in climate metrics like temperature and regional variation in economic exposure. This is evident in the breakdown of the social cost of carbon: the country social cost of carbon (CSCC). While for the former a large...

We show that plurilateral agreements facilitate global tariff liberalization by creating an MFN-based margin of cooperation that leaves preferential access via preferential trade agreements (PTAs) unchanged. In a model of endogenous trade agreement formation with farsighted governments, PTAs...