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Details about Arvind Krishnamurthy

Workplace:Graduate School of Business, Stanford University, (more information at EDIRC)

Access statistics for papers by Arvind Krishnamurthy.

Last updated 2021-08-10. Update your information in the RePEc Author Service.

Short-id: pkr393


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Working Papers

2022

  1. The Demand for Money, Near-Money, and Treasury Bonds
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. The Rest of the World’s Dollar-Weighted Return on U.S. Treasurys
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2020

  1. Corporate Debt Overhang and Credit Policy
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (32)
  2. Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (13)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (13)
  3. Dollar Safety and the Global Financial Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Research Papers, Stanford University, Graduate School of Business (2018) Downloads View citations (5)

2019

  1. Foreign Safe Asset Demand and the Dollar Exchange Rate
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (13)
    Also in Research Papers, Stanford University, Graduate School of Business (2018) Downloads View citations (35)
    NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (38)

    See also Journal Article in Journal of Finance (2021)

2018

  1. Capital Flow Management with Multiple Instruments
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Research Papers, Stanford University, Graduate School of Business (2018) Downloads View citations (4)

    See also Chapter (2019)
  2. How sustainable are rural water enterprises?: synthesis of ITP-INREM studies from six states
    Water Policy Research Highlights, International Water Management Institute Downloads
  3. Intermediary Asset Pricing and the Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
    See also Journal Article in Annual Review of Financial Economics (2018)
  4. Mortgage Design in an Equilibrium Model of the Housing Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) Downloads

    See also Journal Article in Journal of Finance (2021)

2017

  1. ECB Policies Involving Government Bond Purchases: Impact and Channels
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (61)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads View citations (59)
    NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (60)
  2. How Credit Cycles across a Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (87)
    Also in Research Papers, Stanford University, Graduate School of Business (2017) Downloads View citations (86)

2016

  1. A Model of Safe Asset Determination
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    See also Journal Article in American Economic Review (2019)
  2. Measuring Liquidity Mismatch in the Banking Sector
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (28)
    Also in Research Papers, Stanford University, Graduate School of Business (2015) Downloads View citations (3)

    See also Journal Article in Journal of Finance (2018)
  3. What Makes US Government Bonds Safe Assets?
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (21)

    See also Journal Article in American Economic Review (2016)

2015

  1. A Macroeconomic Framework for Quantifying Systemic Risk
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (62)
    Working Paper Research, National Bank of Belgium (2012) Downloads View citations (45)
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2015) Downloads View citations (4)

    See also Journal Article in American Economic Journal: Macroeconomics (2019)
  2. A Model of the Reserve Asset
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (11)
  3. The Impact of Treasury Supply on Financial Sector Lending and Stability
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads View citations (87)
    Also in Research Papers, Stanford University, Graduate School of Business (2015) Downloads View citations (89)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (85)

    See also Journal Article in Journal of Financial Economics (2015)
    Chapter (2013)

2014

  1. Short-Term Debt and Financial Crises: What we can learn from U.S. Treasury Supply
    2014 Meeting Papers, Society for Economic Dynamics

2013

  1. Interpreting Repo Statistics in the Flow of Funds Accounts
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)

2012

  1. Sizing Up Repo
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (30)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (43)

    See also Journal Article in Journal of Finance (2014)

2011

  1. The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (885)
    See also Journal Article in Brookings Papers on Economic Activity (2011)
  2. The Effects of Quantitative Easing on Long-term Interest Rates
    2011 Meeting Papers, Society for Economic Dynamics Downloads View citations (59)

2010

  1. Balance Sheet Adjustments in the 2008 Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (88)

2009

  1. A Model of Capital and Crises
    2009 Meeting Papers, Society for Economic Dynamics Downloads View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (35)

    See also Journal Article in Review of Economic Studies (2012)
  2. Amplification Mechanisms in Liquidity Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    See also Journal Article in American Economic Journal: Macroeconomics (2010)
  3. Global Imbalances and Financial Fragility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (181)
    See also Journal Article in American Economic Review (2009)
  4. How Debt Markets have Malfunctioned in the Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    See also Journal Article in Journal of Economic Perspectives (2010)

2008

  1. Intermediary Asset Pricing
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article in American Economic Review (2013)
  2. The Aggregate Demand for Treasury Debt
    2008 Meeting Papers, Society for Economic Dynamics Downloads View citations (40)
    See also Journal Article in Journal of Political Economy (2012)

2007

  1. Collective Risk Management in a Flight to Quality Episode
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    See also Journal Article in Journal of Finance (2008)
  2. The Demand for Treasury Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (46)

2006

  1. Flight to Quality and Collective Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)

2005

  1. Bubbles and Capital Flow Volatility: Causes and Risk Management
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of Monetary Economics (2006)
  2. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    MPRA Paper, University Library of Munich, Germany Downloads View citations (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (14)

    See also Journal Article in International Journal of Central Banking (2005)
  3. Financial System Risk and Flight to Quality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  4. Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    Also in Econometric Society 2004 North American Summer Meetings, Econometric Society (2004) Downloads View citations (6)

    See also Journal Article in Journal of Finance (2007)

2004

  1. Fiscal Policy and Financial Depth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (91)

2003

  1. Equilibrium Asset Prices Under Imperfect Corporate Control
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  2. Inflation Targeting and Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
    See also Chapter (2004)

2002

  1. A Dual Liquidity Model for Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (45)
    See also Journal Article in American Economic Review (2002)

2001

  1. A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  2. International Liquidity Illusion: On the Risks of Sterilization
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  3. Smoothing Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
    See also Journal Article in Journal of Economic Theory (2004)

2000

  1. Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (41)
  2. International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    Also in Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) Downloads View citations (18)
  3. International and Domestic Collateral Constraints in a Model of Emerging Market Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
    See also Journal Article in Journal of Monetary Economics (2001)

1999

  1. Emerging Market Crises: An Asset Markets Perspective
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (30)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (59)
    IMF Working Papers, International Monetary Fund (1999) Downloads View citations (19)
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics (1998) View citations (69)

Journal Articles

2021

  1. Foreign Safe Asset Demand and the Dollar Exchange Rate
    Journal of Finance, 2021, 76, (3), 1049-1089 Downloads View citations (36)
    See also Working Paper (2019)
  2. Mortgage Design in an Equilibrium Model of the Housing Market
    Journal of Finance, 2021, 76, (1), 113-168 Downloads View citations (10)
    See also Working Paper (2018)

2019

  1. A Macroeconomic Framework for Quantifying Systemic Risk
    American Economic Journal: Macroeconomics, 2019, 11, (4), 1-37 Downloads View citations (57)
    See also Working Paper (2015)
  2. A Model of Safe Asset Determination
    American Economic Review, 2019, 109, (4), 1230-62 Downloads View citations (46)
    See also Working Paper (2016)

2018

  1. Foreign Safe Asset Demand for US Treasurys and the Dollar
    AEA Papers and Proceedings, 2018, 108, 537-41 Downloads View citations (40)
  2. How Futures Trading Changed Bitcoin Prices
    FRBSF Economic Letter, 2018 Downloads View citations (25)
  3. Intermediary Asset Pricing and the Financial Crisis
    Annual Review of Financial Economics, 2018, 10, (1), 173-197 Downloads View citations (41)
    See also Working Paper (2018)
  4. Measuring Liquidity Mismatch in the Banking Sector
    Journal of Finance, 2018, 73, (1), 51-93 Downloads View citations (46)
    See also Working Paper (2016)

2017

  1. Commentary: Policies for Crises Prevention and Management
    International Journal of Central Banking, 2017, 13, (3), 277-285 Downloads

2016

  1. What Makes US Government Bonds Safe Assets?
    American Economic Review, 2016, 106, (5), 519-23 Downloads View citations (21)
    See also Working Paper (2016)

2015

  1. The impact of Treasury supply on financial sector lending and stability
    Journal of Financial Economics, 2015, 118, (3), 571-600 Downloads View citations (86)
    See also Chapter (2013)
    Working Paper (2015)

2014

  1. Efficient Credit Policies in a Housing Debt Crisis
    Brookings Papers on Economic Activity, 2014, 45, (2 (Fall)), 73-136 Downloads View citations (49)
  2. Sizing Up Repo
    Journal of Finance, 2014, 69, (6), 2381-2417 Downloads View citations (145)
    See also Working Paper (2012)

2013

  1. Comment
    NBER Macroeconomics Annual, 2013, 27, (1), 224 - 231 Downloads
  2. Intermediary Asset Pricing
    American Economic Review, 2013, 103, (2), 732-70 Downloads View citations (491)
    See also Working Paper (2008)
  3. The ins and outs of LSAPs
    Proceedings - Economic Policy Symposium - Jackson Hole, 2013 Downloads View citations (25)

2012

  1. A Model of Capital and Crises
    Review of Economic Studies, 2012, 79, (2), 735-777 Downloads View citations (171)
    See also Working Paper (2009)
  2. Risk Topography
    NBER Macroeconomics Annual, 2012, 26, (1), 149 - 176 Downloads View citations (9)
    See also Chapter (2011)
  3. The Aggregate Demand for Treasury Debt
    Journal of Political Economy, 2012, 120, (2), 233 - 267 Downloads View citations (652)
    See also Working Paper (2008)

2011

  1. Discussion of “Precautionary Reserves and the Interbank Market”
    Journal of Money, Credit and Banking, 2011, 43, 349-353 Downloads
  2. Discussion of “Precautionary Reserves and the Interbank Market”
    Journal of Money, Credit and Banking, 2011, 43, (s2), 349-353 Downloads
  3. The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy
    Brookings Papers on Economic Activity, 2011, 42, (2 (Fall)), 215-287 Downloads View citations (977)
    See also Working Paper (2011)

2010

  1. Amplification Mechanisms in Liquidity Crises
    American Economic Journal: Macroeconomics, 2010, 2, (3), 1-30 Downloads View citations (75)
    See also Working Paper (2009)
  2. Balance Sheet Adjustments during the 2008 Crisis
    IMF Economic Review, 2010, 58, (1), 118-156 Downloads View citations (98)
  3. How Debt Markets Have Malfunctioned in the Crisis
    Journal of Economic Perspectives, 2010, 24, (1), 3-28 Downloads View citations (130)
    See also Working Paper (2009)

2009

  1. Global Imbalances and Financial Fragility
    American Economic Review, 2009, 99, (2), 584-88 Downloads View citations (177)
    See also Working Paper (2009)

2008

  1. Collective Risk Management in a Flight to Quality Episode
    Journal of Finance, 2008, 63, (5), 2195-2230 Downloads View citations (388)
    See also Working Paper (2007)
  2. Musical chairs: a comment on the credit crisis
    Financial Stability Review, 2008, (11), 9-11 Downloads View citations (8)

2007

  1. Limits of Arbitrage: Theory and Evidence from the Mortgage‐Backed Securities Market
    Journal of Finance, 2007, 62, (2), 557-595 Downloads View citations (139)
    See also Working Paper (2005)

2006

  1. Bubbles and capital flow volatility: Causes and risk management
    Journal of Monetary Economics, 2006, 53, (1), 35-53 Downloads View citations (215)
    See also Working Paper (2005)
  2. Financial innovation, macroeconomic stability and systemic crises - comments
    Proceedings, 2006, (Nov) Downloads

2005

  1. Equilibrium Investment and Asset Prices under Imperfect Corporate Control
    American Economic Review, 2005, 95, (3), 659-681 Downloads View citations (34)
  2. Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
    International Journal of Central Banking, 2005, 1, (1) Downloads View citations (24)
    See also Working Paper (2005)

2004

  1. Regulating Exclusion from Financial Markets
    Review of Economic Studies, 2004, 71, (3), 681-707 Downloads View citations (29)
  2. Smoothing sudden stops
    Journal of Economic Theory, 2004, 119, (1), 104-127 Downloads View citations (78)
    See also Working Paper (2001)

2003

  1. Collateral constraints and the amplification mechanism
    Journal of Economic Theory, 2003, 111, (2), 277-292 Downloads View citations (100)
  2. Excessive Dollar Debt: Financial Development and Underinsurance
    Journal of Finance, 2003, 58, (2), 867-893 Downloads View citations (201)

2002

  1. A Dual Liquidity Model for Emerging Markets
    American Economic Review, 2002, 92, (2), 33-37 Downloads View citations (38)
    See also Working Paper (2002)
  2. The bond/old-bond spread
    Journal of Financial Economics, 2002, 66, (2-3), 463-506 Downloads View citations (57)

2001

  1. International and domestic collateral constraints in a model of emerging market crises
    Journal of Monetary Economics, 2001, 48, (3), 513-548 Downloads View citations (495)
    See also Working Paper (2000)

2000

  1. Comment on Systemic Risk, Interbank Relations, and Liquidity Provision by the Central Bank
    Journal of Money, Credit and Banking, 2000, 32, (3), 639-40 View citations (12)

Books

2014

  1. Risk Topography: Systemic Risk and Macro Modeling
    NBER Books, National Bureau of Economic Research, Inc View citations (50)

Edited books

2014

  1. Risk Topography
    National Bureau of Economic Research Books, University of Chicago Press

Chapters

2019

  1. Capital Flow Management with Multiple Instruments
    Chapter 06 in Monetary Policy and Financial Stability: Transmission Mechanisms and Policy Implications, 2019, vol. 26, pp 169-203 Downloads View citations (3)
    See also Working Paper (2018)

2018

  1. The Balance Sheet
    Chapter 1 in The Structural Foundations of Monetary Policy, 2018 Downloads View citations (5)

2013

  1. Introduction to "Risk Topography: Systemic Risk and Macro Modeling"
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2013, pp 1-12 Downloads View citations (3)
  2. Liquidity Mismatch Measurement
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2013, pp 99-112 Downloads View citations (20)
  3. The Impact of Treasury Supply on Financial Sector Lending and Stability
    A chapter in New Perspectives on Corporate Capital Structure, 2013
    See also Journal Article in Journal of Financial Economics (2015)
    Working Paper (2015)

2012

  1. Comment on "Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009"
    A chapter in NBER Macroeconomics Annual 2012, Volume 27, 2012, pp 224-231 Downloads

2011

  1. Risk Topography
    A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 149-176 Downloads View citations (15)
    See also Journal Article in NBER Macroeconomics Annual (2012)

2004

  1. Inflation Targeting and Sudden Stops
    A chapter in The Inflation-Targeting Debate, 2004, pp 423-442 Downloads View citations (11)
    See also Working Paper (2003)
 
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