Publications | European Stability Mechanism

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The Macroeconomic Effects of Official Debt Restructuring: Evidence from the Paris Club

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From Debt Collection to Relief Provision: 60 Years of Official Debt Restructurings through the Paris Club

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A Highly Efficient Regression Estimator for Skewed and/or Heavy-tailed Distributed Errors

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The Role of Fiscal Transfers in Smoothing Regional Shocks: Evidence from Existing Federations

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International Risk Sharing in the EMU

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Bailouts, Moral Hazard and Banks’ Home Bias for Sovereign Debt

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Firm Performance and (Foreign) Debt Financing before and during the Crisis: Evidence from Firm-Level Data

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Euro Area Sovereign Ratings: An Analysis of Fundamental Criteria and Subjective Judgement