Details about Olivier Jeanne

Homepage:	https://econ.jhu.edu/directory/olivier-jeanne/
Phone:	410 516 7604
Postal address:	Johns Hopkins University Department of Economics Wyman Bldg 582 3400 N. Charles Street Baltimore MD 21218
Workplace:	Department of Economics, Johns Hopkins University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC) Peter G. Peterson Institute for International Economics (IIE), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Olivier Jeanne.

Last updated 2022-10-26. Update your information in the RePEc Author Service.

Short-id: pje59

---

Jump to Journal Articles Books Chapters

Working Papers

2025

1. From Fiscal Deadlock to Financial Repression: Anatomy of a Fall
   NBER Working Papers, National Bureau of Economic Research, Inc

2021

2. Currency Wars, Trade Wars and Global Demand
   Economics Working Paper Archive, The Johns Hopkins University,Department of Economics View citations (8)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (8)
3. Rounding the Corners of the Trilemma: A Simple Framework
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Economics Working Paper Archive, The Johns Hopkins University,Department of Economics (2021)
   See also Journal Article Rounding the corners of the trilemma: A simple framework, Journal of International Money and Finance, Elsevier (2022) View citations (1) (2022)

2020

4. Central bank policy sets the lower bound on bond yield
   Working Paper Series, Peterson Institute for International Economics
5. Global Financial Cycle and Liquidity Management
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (7)
   See also Chapter Global Financial Cycle and Liquidity Management, NBER Chapters, National Bureau of Economic Research, Inc (2022) (2022)
6. To What Extent Are Tariffs Offset By Exchange Rates?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (7)
   Working Paper Series, Peterson Institute for International Economics (2020) View citations (6)
   Economics Working Paper Archive, The Johns Hopkins University,Department of Economics (2012)

2016

7. Optimal Reserves in Financially Closed Economies
   IMF Working Papers, International Monetary Fund View citations (13)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (13)
   NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (13)
   See also Journal Article Optimal reserves in financially closed economies, Journal of International Money and Finance, Elsevier (2020) View citations (5) (2020)

2015

8. The Welfare Gains from Macro-Insurance Against Natural Disasters
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (7)
   See also Journal Article The welfare gains from macro-insurance against natural disasters, Journal of Development Economics, Elsevier (2017) View citations (26) (2017)

2014

9. Are Economic Values Transmitted from Parents to Children?
   Liberty Street Economics, Federal Reserve Bank of New York
10. Macroprudential Policies in a Global Perspective
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (46)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2014) View citations (44)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (46)
    See also Journal Article Macroprudential policies in a global perspective, Proceedings, Federal Reserve Bank of San Francisco (2013) View citations (8) (2013)

2013

11. Financial globalization and long-run growth: is Asia different?
    MPRA Paper, University Library of Munich, Germany View citations (1)
12. Macroprudential Regulation Versus Mopping Up After the Crash
    2013 Meeting Papers, Society for Economic Dynamics View citations (83)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (86)
    See also Journal Article Macroprudential Regulation versus mopping up after the crash, The Review of Economic Studies, Review of Economic Studies Ltd (2020) View citations (45) (2020)

2012

13. Capital Account Policies and the Real Exchange Rate
    Working Paper Series, Peterson Institute for International Economics View citations (63)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (68)
    See also Chapter Capital Account Policies and the Real Exchange Rate, NBER Chapters, National Bureau of Economic Research, Inc (2012) View citations (55) (2012)
    Journal Article Capital Account Policies and the Real Exchange Rate, NBER International Seminar on Macroeconomics, University of Chicago Press (2013) View citations (11) (2013)
14. Global safe assets
    BIS Working Papers, Bank for International Settlements View citations (58)
15. The Dollar and Its Discontents
    Working Paper Series, Peterson Institute for International Economics View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (16)
    See also Journal Article The dollar and its discontents, Journal of International Money and Finance, Elsevier (2012) View citations (16) (2012)

2011

16. Sovereign Default Risk and Bank Fragility in Financially Integrated Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (290)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (304)
    See also Journal Article Sovereign Default Risk and Bank Fragility in Financially Integrated Economies, IMF Economic Review, Palgrave Macmillan (2011) View citations (279) (2011)
17. The Optimal Level of International Reserves For Emerging Market Countries: A New Formula and Some Applications
    Post-Print, HAL View citations (232)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (16)
    PSE-Ecole d'économie de Paris (Postprint), HAL (2011) View citations (193)
    See also Journal Article The Optimal Level of International Reserves For Emerging Market Countries: A New Formula and Some Applications, Economic Journal, Royal Economic Society (2011) View citations (243) (2011)

2010

18. Dealing with Volatile Capital Flows
    Policy Briefs, Peterson Institute for International Economics View citations (15)
19. Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach
    Working Paper Series, Peterson Institute for International Economics View citations (247)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (247)
    See also Journal Article Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach, American Economic Review, American Economic Association (2010) View citations (276) (2010)
20. Macro-Hedging for Commodity Exporters
    2010 Meeting Papers, Society for Economic Dynamics
    Also in IMF Working Papers, International Monetary Fund (2009) View citations (22)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (22)
    See also Journal Article Macro-hedging for commodity exporters, Journal of Development Economics, Elsevier (2013) View citations (34) (2013)
21. Managing Credit Booms and Busts: A Pigouvian Taxation Approach
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (214)
    Also in Working Paper Series, Peterson Institute for International Economics (2010) View citations (213)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (211)
    Discussion Paper, Tilburg University, Center for Economic Research (2010) View citations (236)
    See also Journal Article Managing credit booms and busts: A Pigouvian taxation approach, Journal of Monetary Economics, Elsevier (2019) View citations (69) (2019)

2009

22. A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds
    Working Paper Series, Peterson Institute for International Economics View citations (121)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (122)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2009) View citations (117)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (133)
23. Capital Flows to Developing Countries: The Allocation Puzzle
    Working Paper Series, Peterson Institute for International Economics View citations (45)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (105)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (121)
    2005 Meeting Papers, Society for Economic Dynamics (2005) View citations (4)
    See also Journal Article Capital Flows to Developing Countries: The Allocation Puzzle, The Review of Economic Studies, Review of Economic Studies Ltd (2013) View citations (295) (2013)
24. Capital Mobility and Reform
    2009 Meeting Papers, Society for Economic Dynamics View citations (4)

2008

25. A Theory of International Crisis Lending and IMF Conditionality
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    Also in IMF Working Papers, International Monetary Fund (2008) View citations (25)

2007

26. A Theory of Tolerance
    CESifo Working Paper Series, CESifo View citations (3)
    Also in Discussion Papers, Free University Berlin, School of Business & Economics (2007) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (4)
    See also Journal Article A theory of tolerance, Journal of Public Economics, Elsevier (2009) View citations (58) (2009)
27. Country Insurance: The Role of Domestic Policies
    IMF Occasional Papers, International Monetary Fund View citations (19)
28. Like Mother Like Son? Experimental Evidence on the Transmission of Values from Parents to Children
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (24)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (24)
    See also Journal Article Like mother like son? Experimental evidence on the transmission of values from parents to children, Journal of Economic Behavior & Organization, Elsevier (2013) View citations (47) (2013)
29. Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime
    IMF Working Papers, International Monetary Fund View citations (73)
    See also Journal Article Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime, Journal of Political Economy, University of Chicago Press (2007) View citations (72) (2007)
30. Symbolic Values, Occupational Choice, and Economic Development
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (7)
    Also in Discussion Papers, Free University Berlin, School of Business & Economics (2007) View citations (5)
    See also Journal Article Symbolic values, occupational choice, and economic development, European Economic Review, Elsevier (2010) View citations (31) (2010)

2006

31. Government Debt in Emerging Market Countries: A New Data Set
    IMF Working Papers, International Monetary Fund View citations (87)
32. The Optimal Level of International Reserves for Emerging Market Countries: Formulas and Applications
    IMF Working Papers, International Monetary Fund View citations (182)

2005

33. Sovereign Debt Structure for Crisis Prevention
    IMF Occasional Papers, International Monetary Fund View citations (24)
34. Structuring and Restructuring Sovereign Debt: The Role of Seniority
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (22)

2004

35. Capital Mobility, Property Rights and Economic Development
    2004 Meeting Papers, Society for Economic Dynamics View citations (2)
36. Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
    IMF Working Papers, International Monetary Fund View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (22)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (22)
    See also Journal Article Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank, American Economic Review, American Economic Association (2007) View citations (109) (2007)
37. Debt Maturity and the International Financial Architecture
    IMF Working Papers, International Monetary Fund View citations (25)
    See also Journal Article Debt Maturity and the International Financial Architecture, American Economic Review, American Economic Association (2009) View citations (44) (2009)
38. The Elusive Gains from International Financial Integration
    IMF Working Papers, International Monetary Fund View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (66)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (53)
    See also Journal Article The Elusive Gains from International Financial Integration, The Review of Economic Studies, Review of Economic Studies Ltd (2006) View citations (268) (2006)
39. The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard)
    IMF Working Papers, International Monetary Fund View citations (8)
    See also Journal Article The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard), IMF Staff Papers, Palgrave Macmillan (2005) View citations (12) (2005)

2003

40. Why Do Emerging Economies Borrow in Foreign Currency?
    IMF Working Papers, International Monetary Fund View citations (95)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (110)

2002

41. Boom-Busts in Asset Prices, Economic Instability and Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (165)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (172)
42. Monetary Policy and Asset Prices: Does "Benign Neglect" Make Sense?
    IMF Working Papers, International Monetary Fund View citations (228)
    See also Journal Article Monetary Policy and Asset Prices: Does ‘Benign Neglect’ Make Sense?, International Finance, Wiley Blackwell (2002) View citations (19) (2002)
43. “Original Sin,” Balance Sheet Crises, and the Roles of International Lending
    IMF Working Papers, International Monetary Fund View citations (32)

2001

44. Economic Integration and the Exchange Rate Regime: Some Lessons from Canada
    IMF Policy Discussion Papers, International Monetary Fund View citations (2)
45. International Bailouts, Moral Hazard, and Conditionality
    CESifo Working Paper Series, CESifo View citations (64)
    See also Journal Article International bailouts, moral hazard and conditionality, Economic Policy, CEPR, CESifo, Sciences Po (2001) View citations (52) (2001)
46. The International Lender of Last Resort: How Large is Large Enough?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (45)
    IMF Working Papers, International Monetary Fund (2001) View citations (23)
    See also Chapter The International Lender of Last Resort. How Large Is Large Enough?, NBER Chapters, National Bureau of Economic Research, Inc (2003) View citations (28) (2003)

2000

47. An Interest Rate Defence of a Fixed Exchange Rate?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in IMF Working Papers, International Monetary Fund (2000) View citations (44)
    See also Journal Article An interest rate defense of a fixed exchange rate?, Journal of International Economics, Elsevier (2005) View citations (43) (2005)
48. Debt Maturity and the Global Financial Architecture
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (44)

1999

49. Currency Crises: A Perspective on Recent Theoretical Developments
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (57)
50. Noise Trading and Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1999) View citations (32)
    Reserve Bank of New Zealand Discussion Paper Series, Reserve Bank of New Zealand (1999) View citations (26)
    See also Journal Article Noise Trading and Exchange Rate Regimes, The Quarterly Journal of Economics, President and Fellows of Harvard College (2002) View citations (211) (2002)

1998

51. Currency Crises, Sunspots and Markov-Switching Regimes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (22)
    See also Journal Article Currency crises, sunspots and Markov-switching regimes, Journal of International Economics, Elsevier (2000) View citations (138) (2000)
52. Currency Crisis and Unemployment: Sterling in 1931
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (3)
    See also Chapter Currency Crisis and Unemployment: Sterling in 1931, NBER Chapters, National Bureau of Economic Research, Inc (2000) View citations (8) (2000)

1997

53. Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article Generating real persistent effects of monetary shocks: How much nominal rigidity do we really need?, European Economic Review, Elsevier (1998) View citations (105) (1998)
54. The Persistence of Unemployment Under a Fixed Exchange Rate Peg
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (3)
55. Was the French Franc Crisis a Sunspot Equilibrium?
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (7)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1997) View citations (6)

1995

56. The Instability of Fixed Exchange Rate Systems when Raising the Nominal Interest Rate is Costly
    Working Papers, Tilburg - Center for Economic Research View citations (12)
    See also Journal Article The instability of fixed exchange rate systems when raising the nominal interest rate is costly, European Economic Review, Elsevier (1997) View citations (92) (1997)

1994

57. Investing in social norms
    CEPREMAP Working Papers (Couverture Orange), CEPREMAP View citations (1)

1992

58. Mixed Oligopoly in a Common Market
    DELTA Working Papers, DELTA (Ecole normale supérieure)

Journal Articles

2022

1. Rounding the corners of the trilemma: A simple framework
   Journal of International Money and Finance, 2022, 122, (C) View citations (1)
   See also Working Paper Rounding the Corners of the Trilemma: A Simple Framework, CEPR Discussion Papers (2021) (2021)

2020

2. Macroprudential Regulation versus mopping up after the crash
   The Review of Economic Studies, 2020, 87, (3), 1470-1497 View citations (45)
   See also Working Paper Macroprudential Regulation Versus Mopping Up After the Crash, 2013 Meeting Papers (2013) View citations (83) (2013)
3. Optimal reserves in financially closed economies
   Journal of International Money and Finance, 2020, 104, (C) View citations (5)
   See also Working Paper Optimal Reserves in Financially Closed Economies, IMF Working Papers (2016) View citations (13) (2016)

2019

4. Managing credit booms and busts: A Pigouvian taxation approach
   Journal of Monetary Economics, 2019, 107, (C), 2-17 View citations (69)
   See also Working Paper Managing Credit Booms and Busts: A Pigouvian Taxation Approach, NBER Working Papers (2010) View citations (214) (2010)

2017

5. The welfare gains from macro-insurance against natural disasters
   Journal of Development Economics, 2017, 124, (C), 142-156 View citations (26)
   See also Working Paper The Welfare Gains from Macro-Insurance Against Natural Disasters, CEPR Discussion Papers (2015) View citations (7) (2015)

2016

6. The Macroprudential Role of International Reserves
   American Economic Review, 2016, 106, (5), 570-73 View citations (20)

2014

7. Macroprudential policy beyond banking regulation
   Financial Stability Review, 2014, (18), 163-172 View citations (17)

2013

8. Capital Account Policies and the Real Exchange Rate
   NBER International Seminar on Macroeconomics, 2013, 9, (1), 7 - 42 View citations (11)
   See also Working Paper Capital Account Policies and the Real Exchange Rate, Working Paper Series (2012) View citations (63) (2012)
   Chapter Capital Account Policies and the Real Exchange Rate, NBER Chapters, 2012, 7-42 (2012) View citations (55) (2012)
9. Capital Flows to Developing Countries: The Allocation Puzzle
   The Review of Economic Studies, 2013, 80, (4), 1484-1515 View citations (295)
   See also Working Paper Capital Flows to Developing Countries: The Allocation Puzzle, Working Paper Series (2009) View citations (45) (2009)
10. Like mother like son? Experimental evidence on the transmission of values from parents to children
    Journal of Economic Behavior & Organization, 2013, 90, (C), 100-111 View citations (47)
    See also Working Paper Like Mother Like Son? Experimental Evidence on the Transmission of Values from Parents to Children, IZA Discussion Papers (2007) View citations (24) (2007)
11. Macro-hedging for commodity exporters
    Journal of Development Economics, 2013, 101, (C), 105-116 View citations (34)
    See also Working Paper Macro-Hedging for Commodity Exporters, 2010 Meeting Papers (2010) (2010)
12. Macroprudential policies in a global perspective
    Proceedings, 2013, (Nov), 1-38 View citations (8)
    See also Working Paper Macroprudential Policies in a Global Perspective, CEPR Discussion Papers (2014) View citations (46) (2014)

2012

13. Capital Flow Management
    American Economic Review, 2012, 102, (3), 203-06 View citations (26)
14. Fiscal challenges to monetary dominance in the euro area: a theoretical perspective
    Financial Stability Review, 2012, (16), 143-150 View citations (24)
15. The dollar and its discontents
    Journal of International Money and Finance, 2012, 31, (8), 1976-1989 View citations (16)
    See also Working Paper The Dollar and Its Discontents, Working Paper Series (2012) View citations (16) (2012)

2011

16. Sovereign Default Risk and Bank Fragility in Financially Integrated Economies
    IMF Economic Review, 2011, 59, (2), 162-194 View citations (279)
    See also Working Paper Sovereign Default Risk and Bank Fragility in Financially Integrated Economies, CEPR Discussion Papers (2011) View citations (290) (2011)
17. The Optimal Level of International Reserves For Emerging Market Countries: A New Formula and Some Applications
    Economic Journal, 2011, 121, (555), 905-930 View citations (243)
    See also Working Paper The Optimal Level of International Reserves For Emerging Market Countries: A New Formula and Some Applications, Post-Print (2011) View citations (232) (2011)

2010

18. Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach
    American Economic Review, 2010, 100, (2), 403-07 View citations (276)
    See also Working Paper Excessive Volatility in Capital Flows: A Pigouvian Taxation Approach, Working Paper Series (2010) View citations (247) (2010)
19. La trappe à liquidité globale
    Revue économique, 2010, 61, (3), 395-406 View citations (5)
20. Symbolic values, occupational choice, and economic development
    European Economic Review, 2010, 54, (2), 237-251 View citations (31)
    See also Working Paper Symbolic Values, Occupational Choice, and Economic Development, IZA Discussion Papers (2007) View citations (7) (2007)

2009

21. A theory of tolerance
    Journal of Public Economics, 2009, 93, (5-6), 691-702 View citations (58)
    See also Working Paper A Theory of Tolerance, CESifo Working Paper Series (2007) View citations (3) (2007)
22. Debt Maturity and the International Financial Architecture
    American Economic Review, 2009, 99, (5), 2135-48 View citations (44)
    See also Working Paper Debt Maturity and the International Financial Architecture, IMF Working Papers (2004) View citations (25) (2004)
23. Structuring and Restructuring Sovereign Debt: The Role of Seniority -super-1
    The Review of Economic Studies, 2009, 76, (3), 879-902 View citations (74)

2007

24. Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank
    American Economic Review, 2007, 97, (1), 474-490 View citations (109)
    See also Working Paper Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank, IMF Working Papers (2004) View citations (21) (2004)
25. International Reserves in Emerging Market Countries: Too Much of a Good Thing?
    Brookings Papers on Economic Activity, 2007, 38, (1), 1-80 View citations (191)
26. Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime
    Journal of Political Economy, 2007, 115, (6), 901-924 View citations (72)
    See also Working Paper Structuring and Restructuring Sovereign Debt: The Role of a Bankruptcy Regime, IMF Working Papers (2007) View citations (73) (2007)

2006

27. The Elusive Gains from International Financial Integration
    The Review of Economic Studies, 2006, 73, (3), 715-741 View citations (268)
    See also Working Paper The Elusive Gains from International Financial Integration, IMF Working Papers (2004) View citations (18) (2004)

2005

28. An interest rate defense of a fixed exchange rate?
    Journal of International Economics, 2005, 66, (2), 471-484 View citations (43)
    See also Working Paper An Interest Rate Defence of a Fixed Exchange Rate?, CEPR Discussion Papers (2000) View citations (2) (2000)
29. The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard)
    IMF Staff Papers, 2005, 52, (si), 5 View citations (12)
    See also Working Paper The Mussa Theorem (and Other Results on IMF-Induced Moral Hazard), IMF Working Papers (2004) View citations (8) (2004)

2003

30. Comprendre les crises financières internationales
    Revue d'Économie Financière, 2003, 70, (1), 23-31 View citations (1)
31. Cordon, W. M: Too Sensational: On the Choice of Exchange Rate Regimes
    Journal of Economics, 2003, 80, (3), 276-278

2002

32. Monetary Policy and Asset Prices: Does ‘Benign Neglect’ Make Sense?
    International Finance, 2002, 5, (2), 139-164 View citations (19)
    See also Working Paper Monetary Policy and Asset Prices: Does "Benign Neglect" Make Sense?, IMF Working Papers (2002) View citations (228) (2002)
33. Noise Trading and Exchange Rate Regimes
    The Quarterly Journal of Economics, 2002, 117, (2), 537-569 View citations (211)
    See also Working Paper Noise Trading and Exchange Rate Regimes, NBER Working Papers (1999) View citations (31) (1999)

2001

34. International bailouts, moral hazard and conditionality
    Economic Policy, 2001, 16, (33), 408-432 View citations (52)
    See also Working Paper International Bailouts, Moral Hazard, and Conditionality, CESifo Working Paper Series (2001) View citations (64) (2001)
35. On relative-wealth effects and long-run growth
    Research in Economics, 2001, 55, (4), 349-358 View citations (41)
36. Status, the Distribution of Wealth, and Growth
    Scandinavian Journal of Economics, 2001, 103, (2), 283-293 View citations (98)

2000

37. Currency crises, sunspots and Markov-switching regimes
    Journal of International Economics, 2000, 50, (2), 327-350 View citations (138)
    See also Working Paper Currency Crises, Sunspots and Markov-Switching Regimes, CEPR Discussion Papers (1998) View citations (22) (1998)
38. Foreign currency debt and the global financial architecture
    European Economic Review, 2000, 44, (4-6), 719-727 View citations (94)
39. Self‐fulfilling Currency Crises and Central Bank Independence
    Scandinavian Journal of Economics, 2000, 102, (4), 605-620

1999

40. Pecuniary emulation, inequality and growth
    European Economic Review, 1999, 43, (9), 1665-1678 View citations (28)
41. Segmented communication and fashionable behavior
    Journal of Economic Behavior & Organization, 1999, 39, (4), 371-385 View citations (26)
42. Social Organization in an Endogenous Growth Model
    International Economic Review, 1999, 40, (3), 711-25 View citations (43)

1998

43. Generating real persistent effects of monetary shocks: How much nominal rigidity do we really need?
    European Economic Review, 1998, 42, (6), 1009-1032 View citations (105)
    See also Working Paper Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?, NBER Working Papers (1997) View citations (15) (1997)
44. Social organization, status, and savings behavior
    Journal of Public Economics, 1998, 70, (1), 37-51 View citations (69)

1997

45. Are currency crises self-fulfilling?: A test
    Journal of International Economics, 1997, 43, (3-4), 263-286 View citations (155)
46. Conspicuous consumption, snobbism and conformism
    Journal of Public Economics, 1997, 66, (1), 55-71 View citations (224)
47. On relative wealth effects and the optimality of growth
    Economics Letters, 1997, 54, (1), 87-92 View citations (135)
48. Snobs, bandwagons, and the origin of social customs in consumer behavior
    Journal of Economic Behavior & Organization, 1997, 32, (3), 333-347 View citations (43)
49. The instability of fixed exchange rate systems when raising the nominal interest rate is costly
    European Economic Review, 1997, 41, (8), 1461-1478 View citations (92)
    See also Working Paper The Instability of Fixed Exchange Rate Systems when Raising the Nominal Interest Rate is Costly, Working Papers (1995) View citations (12) (1995)

1996

50. Fragilité des systèmes de change fixe et contrôle des capitaux
    Économie et Prévision, 1996, 123, (2), 163-174 View citations (2)
51. Les modèles de crise de change: un essai de synthèse en relation avec la crise du franc de 1992-1993
    Économie et Prévision, 1996, 123, (2), 147-162 View citations (4)

1995

52. Monetary Policy in England 1893-1914: A Structural VAR Analysis
    Explorations in Economic History, 1995, 32, (3), 302-326 View citations (13)

1993

53. Feasibility of predatory pricing in a capacity-constrained duopoly
    Ricerche Economiche, 1993, 47, (4), 355-361 View citations (2)

Books

2012

1. Who Needs to Open the Capital Account?
   Peterson Institute Press: All Books, Peterson Institute for International Economics View citations (116)

Chapters

2022

1. Global Financial Cycle and Liquidity Management
   A chapter in NBER International Seminar on Macroeconomics 2022, 2022
   See also Working Paper Global Financial Cycle and Liquidity Management, C.E.P.R. Discussion Papers (2020) View citations (7) (2020)

2012

2. Capital Account Policies and the Real Exchange Rate
   A chapter in NBER International Seminar on Macroeconomics 2012, 2012, pp 7-42 View citations (55)
   See also Journal Article Capital Account Policies and the Real Exchange Rate, University of Chicago Press (2013) View citations (11) (2013)
   Working Paper Capital Account Policies and the Real Exchange Rate, Peterson Institute for International Economics (2012) View citations (63) (2012)
3. The International Monetary System
   Chapter 21 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 111-123 View citations (1)

2003

4. The International Lender of Last Resort. How Large Is Large Enough?
   A chapter in Managing Currency Crises in Emerging Markets, 2003, pp 89-124 View citations (28)
   See also Working Paper The International Lender of Last Resort: How Large is Large Enough?, National Bureau of Economic Research, Inc (2001) View citations (45) (2001)

2000

5. Currency Crisis and Unemployment: Sterling in 1931
   A chapter in Currency Crises, 2000, pp 7-43 View citations (8)
   See also Working Paper Currency Crisis and Unemployment: Sterling in 1931, C.E.P.R. Discussion Papers (1998) View citations (3) (1998)