Research

@unpublished{clayton2026great,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{The Great Game: A Model of Geoeconomic Competition}},
  note={Working paper},
  year={2026}
}

@unpublished{clayton2026targets,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{The Targets of Geoeconomic Coercion}},
  note={Prepared for the Centennial Celebration of the Central Bank of Chile},
  year={2026}
}

@unpublished{clayton2024theory,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{A Theory of Economic Coercion and Fragmentation}},
  note={Revise and Resubmit, Journal of Political Economy},
  year={2024}
}

@unpublished{beck2023geography,
  author={Roland Beck and Antonio Coppola and Angus Lewis and Matteo Maggiori and Martin Schmitz and Jesse Schreger},
  title={{The Geography of Capital Allocation in the Euro Area}},
  note={Revise and Resubmit, Quarterly Journal of Economics},
  year={2023}
}

@unpublished{clayton2025geoeconomic,
  author={Christopher Clayton and Antonio Coppola and Matteo Maggiori and Jesse Schreger},
  title={{Geoeconomic Pressure}},
  note={NBER Working Paper No. 34020},
  year={2025}
}

@unpublished{clayton2024international,
  author={Christopher Clayton and Amanda Dos Santos and Matteo Maggiori and Jesse Schreger},
  title={{International Currency Competition}},
  note={Working paper},
  year={2024}
}

@article{du2026decoupling,
  author={Wenxin Du and Ritt Keerati and Jesse Schreger},
  title={{Decoupling Dollar and Treasury Privilege}},
  journal={IMF Economic Review},
  note={Forthcoming},
  year={2026}
}

@article{clayton2026framework,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{A Framework for Geoeconomics}},
  journal={Econometrica},
  pages={105--136},
  year={2026}
}

@article{clayton2025internationalizing,
  author={Christopher Clayton and Amanda Dos Santos and Matteo Maggiori and Jesse Schreger},
  title={{Internationalizing Like China}},
  journal={American Economic Review},
  pages={864--902},
  year={2025}
}

@article{maggiori2024corporate,
  author={Matteo Maggiori and Brent Neiman and Jesse Schreger},
  title={{Corporate Debt Structure with Home and International Currency Bias}},
  journal={IMF Economic Review},
  year={2024}
}

@article{schreger2024central,
  author={Jesse Schreger and Pierre Yared and Emilio Zaratiegui},
  title={{Central Bank Credibility and Fiscal Responsibility}},
  journal={American Economic Review: Insights},
  volume={6},
  number={3},
  pages={377--394},
  year={2024}
}

@article{hassan2024sources,
  author={Tarek Hassan and Jesse Schreger and Markus Schwedeler and Ahmed Tahoun},
  title={{Sources and Transmission of Country Risk}},
  journal={Review of Economic Studies},
  volume={91},
  number={4},
  pages={2307--2346},
  year={2024}
}

@article{du2022sovereign,
  author={Wenxin Du and Jesse Schreger},
  title={{Sovereign Risk, Currency Risk, and Corporate Balance Sheets}},
  journal={Review of Financial Studies},
  volume={35},
  number={10},
  pages={4587--4629},
  year={2022}
}

@article{coppola2021redrawing,
  author={Antonio Coppola and Matteo Maggiori and Brent Neiman and Jesse Schreger},
  title={{Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens}},
  journal={Quarterly Journal of Economics},
  volume={136},
  number={3},
  pages={1499--1556},
  year={2021}
}

@article{lilley2022exchange,
  author={Andrew Lilley and Matteo Maggiori and Brent Neiman and Jesse Schreger},
  title={{Exchange Rate Reconnect}},
  journal={Review of Economics and Statistics},
  volume={104},
  number={4},
  pages={845--855},
  year={2022}
}

@article{du2020sovereign,
  author={Wenxin Du and Carolin Pflueger and Jesse Schreger},
  title={{Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy}},
  journal={Journal of Finance},
  volume={75},
  number={6},
  pages={3097--3138},
  year={2020}
}

@article{maggiori2020international,
  author={Matteo Maggiori and Brent Neiman and Jesse Schreger},
  title={{International Currencies and Capital Allocation}},
  journal={Journal of Political Economy},
  volume={128},
  number={6},
  pages={2019--2066},
  year={2020}
}

@article{du2018treasury,
  author={Wenxin Du and Joanne Im and Jesse Schreger},
  title={{The U.S. Treasury Premium}},
  journal={Journal of International Economics},
  volume={112},
  pages={167--181},
  year={2018}
}

@article{hebert2017costs,
  author={Benjamin Hebert and Jesse Schreger},
  title={{The Costs of Sovereign Default: Evidence from Argentina}},
  journal={American Economic Review},
  volume={107},
  number={10},
  pages={3119--3145},
  year={2017}
}

@article{du2016local,
  author={Wenxin Du and Jesse Schreger},
  title={{Local Currency Sovereign Risk}},
  journal={Journal of Finance},
  volume={71},
  number={3},
  pages={1027--1070},
  year={2016}
}

@article{frankel2013over,
  author={Jeffrey Frankel and Jesse Schreger},
  title={{Over-optimistic official forecasts and fiscal rules in the eurozone}},
  journal={Review of World Economics},
  volume={149},
  number={2},
  pages={247--272},
  year={2013}
}

@article{clayton2025putting,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{Putting Economics Back Into Geoeconomics}},
  journal={NBER Macroeconomics Annual},
  note={Forthcoming},
  year={2025}
}

@article{cavani2026american,
  author={Bruno Cavani and Christopher Clayton and Amanda Dos Santos and Matteo Maggiori and Jesse Schreger},
  title={{American Investment in Chinese Renminbi}},
  journal={In preparation for the AEA Papers and Proceedings},
  year={2026}
}

@article{clayton2026global,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{Global Imbalances and Power Imbalances}},
  journal={In preparation for the AEA Papers and Proceedings},
  year={2026}
}

@unpublished{cavani2025gcap,
  author={Bruno Cavani and Matteo Maggiori and Jesse Schreger},
  title={{GCAP Public Security-Level Data on U.S. Fund Holdings}},
  note={Global Capital Allocation Project White Paper},
  year={2025}
}

@article{clayton2025political,
  author={Christopher Clayton and Matteo Maggiori and Jesse Schreger},
  title={{The Political Economy of Geoeconomic Power}},
  journal={AEA Papers and Proceedings},
  year={2025}
}

@article{florezorrego2024global,
  author={Sergio Florez-Orrego and Matteo Maggiori and Jesse Schreger and Ziwen Sun and Serdil Tinda},
  title={{Global Capital Allocation}},
  journal={Annual Review of Economics},
  year={2024}
}

@article{clayton2023china,
  author={Christopher Clayton and Antonio Coppola and Amanda Dos Santos and Matteo Maggiori and Jesse Schreger},
  title={{China in Tax Havens}},
  journal={AEA Papers and Proceedings},
  year={2023}
}

@incollection{du2022cip,
  author={Wenxin Du and Jesse Schreger},
  title={{CIP Deviations, the Dollar, and Frictions in International Capital Markets}},
  booktitle={Handbook of International Economics, Volume 6},
  pages={147--197},
  year={2022}
}

@article{maggiori2019rise,
  author={Matteo Maggiori and Brent Neiman and Jesse Schreger},
  title={{The Rise of the Dollar and Fall of the Euro as International Currencies}},
  journal={AEA Papers and Proceedings},
  volume={109},
  number={5},
  pages={521--526},
  year={2019}
}