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200 Years of Sovereign Debt Crises: Serial Restructurings May Be Accompanied by Higher Creditor Losses

Many sovereign defaults have occurred worldwide over the past 200 years. An analysis of 321 sovereign debt restructurings since 1815 shows that foreign private and institutional investor losses were 43 percent on average. Notably, beginning in the 1970s, several debt exchanges have increasingly been required to resolve a default. To understand this new phenomenon better, this Weekly Report looks at ...

Sexual Jokes and Conversations at the Workplace and Their Relation to Employee Well-Being: Results from a Longitudinal Study

Ambient social sexual behaviour at work refers to sexual jokes and conversations at the workplace. Prior cross-sectional studies indicate that this behaviour is relatively widespread and tends to be associated with negative well-being. We revisit this research by investigating the outcomes of sexual jokes and conversations at work after 1 year in a comparatively large employee sample. The perceived ...

Debt crises and debt cuts

BCCP Conference and Policy Forum 2024

Heike Schweitzer, one of the panelists invited to speak at the conference, died suddenly a few days before the conference on June 11. The academic world has lost a brilliant legal scholar and intellectual leader in competition law. Our thoughts are with her family and friends. Imagine there is a conference in Berlin on June 14, 2004 and you have been invited. The invitation arrives in the mail....

Utilisation of Dental Services by Refugees in Germany: Results of the Population-Based RESPOND Survey

Background: The utilisation of outpatient dental services is an important indicator for monitoring healthcare provision in Germany. In the general population, the 12-month prevalence of dental service utilization is 82.2%. For refugees, this indicator has hardly been measured, although studies suggest an objectively high need for dental care. Methodology: As part of the population-based cross-sectional ...

Former Team Members Firms and Markets

Former Team Members Firms and Markets Former Team Members (since 2017) Placements of Doctoral Students and Postdocs: Pauline Affeldt , E.CA Economics, Berlin Sofia Amaral-Garcia , Hasselt University Lea Bernhardt , Hamburgisches WeltWirtschaftsInstitut (HWWI) Nuria Boot , PwC Strategy&, Amsterdam Astrid Cullmann , Technische Universität Berlin und Energy, Transportation, ...

Life Events and Life Satisfaction: Estimating Effects of Multiple Life Events in Combined Models

How do life events affect life satisfaction? Previous studies focused on a single event or separate analyses of several events. However, life events are often grouped non-randomly over the lifespan, occur in close succession, and are causally linked, raising the question of how to best analyze them jointly. Here, we used representative German data (SOEP; N = 40,121 individuals; n = 41,402 event occurrences) ...

Sanctions against Russia in 2014 had an effect, but their potential was far from being fully exploited

Sanctions against Russia following the annexation of Crimea reduced consumption in Russia by 1.4 percent - Simulations show that the potential for sanctions could have been higher - Involvement of emerging economies would have increased sanction pressure - Sanctions caused greater losses for small economies in the proximity of Russia than for large economies - Burden-sharing funds could reduce asymmetries With ...

Coalitions for Sanctions Heighten Costs for Russia but Burden of Implementation Should Be Shared among Member Countries

Countries increasingly form alliances to collectively impose sanctions. However, the resulting impact of such coordination remains unclear. Analyzing the 2014 wave of sanctions against Russia over 400,000 simulations with a quantitative trade model, this report demonstrates that multilateral cooperation through coalitions simultaneously reduced domestic welfare losses incurred from sanctions and intensified ...

Kindergeld oder Kinderfreibetrag? Ein steuer- und familienpolitischer Evergreen