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Recent Working Papers

Central Bank Liquidity Reallocation and Bank Lending: Evidence from the Tiering System, with Carlo Altavilla, Miguel Boucinha, Lorenzo Burlon, Mariassunta Giannetti. An earlier version of this paper was circulated as ECB Working Paper No. 2649

Long-Term Returns in Distressed Sovereign Bond Markets: How Did Investors Fare?, with Jochen Andritzky. IMF Working Paper No. 19/138

Selected Publications

Schumacher, J., Trebesch, Christoph and Enderlein, Henrik (2021): Sovereign Defaults in Court, Journal of International Economics, forthcoming. ECB Working Paper No. 2135.

Chamon, Marcos, Schumacher, J., and Trebesch, Christoph (2018): Foreign-Law Bonds: Can They Reduce Sovereign Borrowing Costs?, Journal of International Economics, Vol. 114, pp. 164-179. ECB Working Paper No. 2162.

Schumacher, J., Trebesch, Christoph, and Enderlein, Henrik (2015): What explains sovereign debt litigation?, Journal of Law and Economics,  Vol. 58(3), pp. 585-623. CESifo Working Paper No. 5319.

Schumacher, J. and Weder di Mauro, Beatrice (2015): Greek debt sustainability and official crisis lending, Brookings Papers on Economic Activity, Fall 2015, pp. 279-304.