Richmond Fed Research Director Kartik Athreya shares takeaways from the annual Technology-Enabled Disruption Conference, co-hosted by the Richmond, Atlanta and Dallas Feds.
Trade and International Economics

Learn about our research and analysis into immigration and migration, trade flows, exchange rates of money and more factors influencing the global economy.
Researchers covered topics including digital advertising, R&D allocation, production networks, and knowledge creation and diffusion.
We analyze the relationship between climate-related disasters and sovereign debt crises using a model with capital accumulation, sovereign default, and disaster risk.
How do credit default swaps (CDS) affect sovereign debt markets? The answer depends crucially on trading frictions, risk-sharing, arbitrage violations, and spillovers from secondary to primary markets. We propose a sovereign default model where investors trade bonds and CDS over the counter via directed search.
Economic disturbances are not confined within the country where they originate; they propagate throughout that country's trading network as both its immediate trading partners and trading partners of trading partners react.
Improving such restructurings have garnered additional attention as sovereign debt has increased significantly in the past couple of years.