Journal Publications

"With age comes immaturity: Do countries with older populations issue shorter maturity debt?"
with  Gonca Senel
Economics Letters, December 2021, Vol. 209, 110100
https://doi.org/10.1016/j.econlet.2021.110100

"Deconstructing Delays in Sovereign Debt Restructuring"
Oxford Economic Papers, 2019, Vol. 71, No. 2, pp. 382-404

"Bad Investments and Missed Opportunities? Postwar Capital Flows to Asia and Latin America"
with  Lee E. Ohanian and Paulina Restrepo-Echavarria
American Economic Review, December 2018, Vol. 108, No. 12, pp. 3541-82
Working Paper
https://doi.org/10.1257/aer.20151510

"The Effects of U.S. Tax Reform: Comparing Taxes and Social Contributions in the U.S. and Germany"
with  Lorenz J. Jarass and  Anthony E. Tokman
Tax Notes International, 2018, Vol. 89, No. 5, pp. 433-447

"USA-Steuerreform 2018: Steuern und Sozialabgaben im Vergleich mit Deutschland"
with  Lorenz J. Jarass and  Anthony E. Tokman
Zeitschrift für Internationales Steuerrecht, 2018, Vol. 4, pp. 143-155

"Restructuring Venezuela's Debt: Lessons from the Past and Implications for the Future"
with  Alvarez, Camilo and  Daniel A. Dias
Journal of Investing, 2018, Vol. 27, No. 3, pp. 74-79

"Under-insurance in Human Capital Models with Limited Enforcement"
with  Tom Krebs and  Moritz Kuhn
Review of Economic Dynamics, 2017, Vol. 25, pp. 121-150

"Steuern und Sozialabgaben in den USA und in Deutschland"
with  Lorenz J. Jarass and  Anthony E. Tokman
Betriebs-Berater, 2017, Vol. 48, pp. 2839-2846

"Settlement Games with Rank-Order Payoffs and Applications to Sovereign Debt Restructuring"
with  Rohan Pitchford
Economic Theory, 2017, Vol. 64, No. 4, pp. 847-876

"Human Capital Risk, Contract Enforcement, and the Macroeconomy"
with  Tom Krebs and  Moritz Kuhn
American Economic Review, 2015, Vol. 105, No. 11, pp. 3223-3272

"External and Public Debt Crises."
with  Christina Arellano and  Andrew Atkeson
NBER Macroeconomics Annual, 2015, Vol. 30, pp. 191-244

"The Stock of External Sovereign Debt: Can We Take the Data at 'Face Value'?"
with  Daniel A. Dias and  Christine Richmond
Journal of International Economics, 2014, Vol. 94, No. 1, pp. 1-17

"Interpreting the Pari Passu Clause in Sovereign Bond Contracts: It is All Hebrew (and Aramaic) to Me"
Capital Markets Law Journal, 2014, Vol. 9, No. 3, pp. 259-265

"Comment on `Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects” by Broner, Erce, Martin and Ventura"
Journal of Monetary Economics, 2014, Vol. 61, pp. 143-147

"On The Contribution of Game Theory to the Study of Sovereign Debt and Default"
with  Rohan Pitchford
Oxford Review of Economic Policy, 2013, Vol. 29, No. 4, pp. 649-667

"The Costs of Financial Crises: Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis"
with  Guido Sandleris
Scandinavian Journal of Economics, 2013, Vol. 116, No. 1, pp. 87-127

"Empirical Research on Sovereign Debt and Default"
with  Michael Tomz
Annual Review of Economics, 2013, Vol. 5, pp. 247-272

"Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment"
with  Rohan Pitchford
Review of Economic Studies, April 2012, Vol. 79, No. 2, pp. 812-837

"Sovereign Debt Restructuring: Problems and Prospects"
Harvard Business Law Review, 2012, Vol. 2, No. 1, pp. 153-197

"The Pari Passu Clause in Sovereign Bond Contracts: Evolution or Intelligent Design?"
Hofstra Law Review, Fall 2011, Vol. 40, No. 1, pp. 103-114

"Capital Flows and Macroeconomic Performance: Lessons from the Golden Era of International Finance"
with  Lee E. Ohanian
American Economic Review: Papers and Proceedings, May 2010, Vol. 100, No. 2, pp. 68-72

"Establishment Size Dynamics in the Aggregate Economy"
with  Esteban Rossi-Hansberg
American Economic Review, December 2007, Vol. 97, No. 5, pp. 1639-1666

"Do Countries Default in “Bad times”?"
with  Michael Tomz
Journal of the European Economic Association, May, Vol. 5, No. 2-3, pp. 352–360
https://doi.org/10.1162/jeea.2007.5.2-3.352

"Urban Structure and Growth"
with  Esteban Rossi-Hansberg
Review of Economic Studies, April, Vol. 74, No. 2, pp. 597–624
https://doi.org/10.1111/j.1467-937X.2007.00432.x

"Private capital flows, capital controls, and default risk"
Journal of International Economics, June, Vol. 69, No. 1, pp. 120-149

"On the gains from international financial integration"
Economics Letters, June 2005, Vol. 87, No. 3, pp. 379-386
https://doi.org/10.1016/j.econlet.2005.01.007

"Coordinating Creditors"
American Economic Review, May, Vol. 95, No. 2, pp. 388-392
https://doi.org/10.1257/000282805774670437