China's economy has shifted from the stage of rapid growth to high-quality development.
However, officials' turnover is very frequent in China. To comprehensively examine the …

As an important approach for public facility provision, public–private partnerships (PPPs) are
extensively utilized worldwide to relieve financial pressure and improve service quality …

Investors commonly rely on macroeconomic variables to drive capital allocation decisions.
But other institutional factors may alter investor returns as well, particularly in emerging …

We utilize the global natural experiment created by the COVID-19 outbreak to identify
sovereign borrowing capacity in time of need and its determinants. First, we demonstrate …

Using a panel dataset of 84 economies over 2002 to 2022, we investigate the sensitivity of
sovereign default to foreign aid and unofficial economy by employing Sala-I-Martin's …

This paper studies how distributional and electoral concerns shape sovereign default
incentives within a quantitative model of sovereign debt with heterogeneous agents and non …

The aim of the article is to present the impact of unprecedented fiscal measures taken in the
context of the COVID-19 pandemic on fiscal transparency and to identify the role and …

The COVID-19 pandemic brought about unparalleled global challenges. While these
challenges were similar across countries, they triggered diverse fiscal responses from …

Sovereign default models successfully explain business cycle in emerging economies by
matching the stylized facts of main economic aggregates in normal and default periods but …