research briefs

Here we post briefs that summarize for the general audience our research results, updated estimates, and policy-relevant conclusions.

Economic Coercion and Fragmentation

Christopher Clayton, Matteo Maggiori, Jesse Schreger – December 2024

Our new paper “A Theory of Economic Coercion and Fragmentation” explains how anti-coercion policies, enacted to counteract demands from hegemonic powers like the United States and China, operate at an individual country level and impact the global economy at large.

Selected media coverage: Il Sole 24 Ore (English) | Financial Times (1) | Financial Times (2) | Corriere della Sera | Financial Times (3)

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The State of Financial Integration in the Euro Area

Roland Beck, Antonio Coppola, Angus Lewis, Matteo Maggiori, Martin Schmitz, Jesse Schreger – May 2024

Our new paper “The Geography of Capital Allocation in the Euro Area” provides a new assessment of the financial risk exposures and of the state of financial integration within the Euro Area.

Full ECB report on Financial Integration and Structure in the Euro Area

Box in ECB report based on GCAP research

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Data

A FRAMEWORK FOR GEOECONOMICS

Christopher Clayton, Matteo Maggiori, Jesse Schreger – January 2024

The Global Capital Allocation Project has released a new paper “A Framework for Geoeconomics” that analyzes how countries build and yield geoeconomic power.

Internationalizing like china

Christopher Clayton, Amanda Dos Santos, Matteo Maggiori, Jesse Schreger – January 2023

We investigate the foreign holdings of Renminbi bonds and provide a theoretical framework to understand China's strategy to internationalize its currency.

Selected media coverage: Bloomberg | The Economist | Business Insider | Bloomberg

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