Details about Hyun Song Shin
Access statistics for papers by Hyun Song Shin.
Last updated 2022-10-26. Update your information in the RePEc Author Service.
Short-id: psh692
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Working Papers
2022
- Central banks, the monetary system and public payment infrastructures: lessons from Brazil's Pix
BIS Bulletins, Bank for International Settlements
- Dollar beta and stock returns
BIS Working Papers, Bank for International Settlements View citations (1)
- How Abundant Are Reserves? Evidence from the Wholesale Payment System
NBER Working Papers, National Bureau of Economic Research, Inc
- Non-bank Financial Intermediaries and Financial Stability
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in BIS Working Papers, Bank for International Settlements (2021) View citations (7)
- Risk capacity, portfolio choice and exchange rates
BIS Working Papers, Bank for International Settlements View citations (2)
2021
- Big techs in finance: on the new nexus between data privacy and competition
BIS Working Papers, Bank for International Settlements View citations (1)
See also Chapter (2021)
- Central bank digital currencies: motives, economic implications and the research frontier
BIS Working Papers, Bank for International Settlements View citations (4)
See also Journal Article in Annual Review of Economics (2022)
- Distributed Ledgers and the Governance of Money
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in BIS Working Papers, Bank for International Settlements (2021) View citations (6) Working Papers, Swiss National Bank, Study Center Gerzensee (2021) View citations (5) CESifo Working Paper Series, CESifo (2021) View citations (4)
- Dollar and Exports
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in BIS Working Papers, Bank for International Settlements (2019) View citations (23)
- Liquidity management and asset sales by bond funds in the face of investor redemptions in March 2020
BIS Bulletins, Bank for International Settlements
- Permissioned Distributed Ledgers and the Governance of Money
Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft View citations (8)
- Regulating big techs in finance
BIS Bulletins, Bank for International Settlements
- The fintech gender gap
BIS Working Papers, Bank for International Settlements View citations (15)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (2)
2020
- An early stablecoin? The Bank of Amsterdam and the governance of money
BIS Working Papers, Bank for International Settlements View citations (19)
Also in Working Papers, DNB (2020) View citations (20)
- Emerging market economy exchange rates and local currency bond markets amid the Covid-19 pandemic
BIS Bulletins, Bank for International Settlements View citations (40)
- Leverage and margin spirals in fixed income markets during the Covid-19 crisis
BIS Bulletins, Bank for International Settlements View citations (62)
- Low price-to-book ratios and bank dividend payout policies
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
- The dollar, bank leverage and real economic activity: an evolving relationship
BIS Working Papers, Bank for International Settlements View citations (11)
See also Journal Article in AEA Papers and Proceedings (2020)
- Trade credit, trade finance, and the Covid-19 Crisis
BIS Bulletins, Bank for International Settlements View citations (20)
2019
- BigTech and the changing structure of financial intermediation
BIS Working Papers, Bank for International Settlements View citations (88)
See also Journal Article in Economic Policy (2019)
- Bond risk premia and the exchange rate
BIS Working Papers, Bank for International Settlements View citations (20)
See also Journal Article in Journal of Money, Credit and Banking (2020)
- FX intervention and domestic credit: Evidence from high-frequency micro data
BIS Working Papers, Bank for International Settlements View citations (26)
Also in Borradores de Economia, Banco de la Republica de Colombia (2019) View citations (21)
2018
- Central bank forward guidance and the signal value of market prices
BIS Working Papers, Bank for International Settlements View citations (18)
See also Journal Article in AEA Papers and Proceedings (2018)
- Currency depreciation and emerging market corporate distress
BIS Working Papers, Bank for International Settlements View citations (6)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (6)
See also Journal Article in Management Science (2020)
- Exchange Rates and Monetary Spillovers
Post-Print, HAL View citations (5)
Also in Sciences Po publications, Sciences Po (2016) View citations (1) BIS Working Papers, Bank for International Settlements (2016) View citations (1) Working Papers, HAL (2016)  Sciences Po publications, Sciences Po (2018) View citations (6)
See also Journal Article in Theoretical Economics (2018)
- Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics
BIS Working Papers, Bank for International Settlements View citations (4)
See also Chapter (2021)
- Liquidity, Leverage, and Regulation Ten Years after the Global Financial Crisis
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
- Money and trust: lessons from the 1620s for money in the digital age
BIS Working Papers, Bank for International Settlements View citations (16)
- Risk-Taking Channel of Monetary Policy
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
See also Journal Article in Financial Management (2019)
2017
- Redemption risk and cash hoarding by asset managers
BIS Working Papers, Bank for International Settlements View citations (58)
See also Journal Article in Journal of Monetary Economics (2017)
2016
- Bank capital and dividend externalities
BIS Working Papers, Bank for International Settlements View citations (6)
Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (13) NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (13) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) 
See also Journal Article in Review of Financial Studies (2017)
- Dynamic Leverage Asset Pricing
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (10)
- Illiquidity Component of Credit Risk
Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (17)
- Sovereign yields and the risk-taking channel of currency appreciation
BIS Working Papers, Bank for International Settlements View citations (71)
- The dollar, bank leverage and the deviation from covered interest parity
BIS Working Papers, Bank for International Settlements View citations (66)
See also Journal Article in American Economic Review: Insights (2019)
- Why bank capital matters for monetary policy
BIS Working Papers, Bank for International Settlements View citations (106)
See also Journal Article in Journal of Financial Intermediation (2018)
2015
- Breaking free of the triple coincidence in international finance
BIS Working Papers, Bank for International Settlements View citations (46)
See also Journal Article in Economic Policy (2016) Chapter (2017)
- Common Belief Foundations of Global Games
Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (3)
Also in Levine's Bibliography, UCLA Department of Economics (2007) View citations (25)
See also Journal Article in Journal of Economic Theory (2016)
- Comparative assessment of macroprudential policies
BIS Working Papers, Bank for International Settlements View citations (56)
See also Journal Article in Journal of Financial Stability (2017)
- Destabilizing carry trades
Sciences Po publications, Sciences Po 
Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2014) View citations (1) LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) View citations (1) Working Papers, HAL (2015)
- Global dollar credit and carry trades: a firm-level analysis
BIS Working Papers, Bank for International Settlements View citations (48)
See also Journal Article in Review of Financial Studies (2017)
- Investor redemptions and fund manager sales of emerging market bonds: how are they related?
BIS Working Papers, Bank for International Settlements View citations (41)
- News shocks, monetary policy, and foreign currency positions
Staff Reports, Federal Reserve Bank of New York View citations (1)
- On the scale of financial intermediaries
Staff Reports, Federal Reserve Bank of New York View citations (15)
- Risk Premium Shifts and Monetary Policy: A Coordination Approach
Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (2)
See also Chapter (2016)
- The hunt for duration: not waving but drowning?
BIS Working Papers, Bank for International Settlements View citations (30)
See also Journal Article in IMF Economic Review (2017)
2014
- Cross-border banking and global liquidity
BIS Working Papers, Bank for International Settlements View citations (172)
See also Journal Article in Review of Economic Studies (2015)
- Global Liquidity through the Lens of Monetary Aggregates
IMF Working Papers, International Monetary Fund View citations (27)
See also Journal Article in Economic Policy (2015)
- Mapping the Shadow Banking System Through a Global Flow of Funds Analysis
IMF Working Papers, International Monetary Fund View citations (17)
- The international monetary and financial system: a capital account historical perspective
BIS Working Papers, Bank for International Settlements View citations (33)
- The international monetary and financial system: a capital account perspective
Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (14)
2013
- Assessing Macroprudential Policies: Case of Korea
NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
- Capital Flows and the Risk-Taking Channel of Monetary Policy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (68)
Also in BIS Working Papers, Bank for International Settlements (2012) View citations (47)
See also Journal Article in Journal of Monetary Economics (2015)
- Capital Flows, Cross-Border Banking and Global Liquidity
NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
- Financing Growth without Banks: Korean Housing Repo Contract
2013 Meeting Papers, Society for Economic Dynamics View citations (6)
- Global Factors in Capital Flows and Credit Growth
Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (2)
- Procyclical Leverage and Value-at-Risk
NBER Working Papers, National Bureau of Economic Research, Inc View citations (84)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) View citations (80)
See also Journal Article in Review of Financial Studies (2014)
- Procyclicality and the Search for Early Warning Indicators
IMF Working Papers, International Monetary Fund View citations (31)
- Working Capital, Trade and Macro Fluctuations
Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (4)
2012
- Adapting Macropudential Policies to Global Liquidity Conditions
Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
See also Journal Article in Journal Economía Chilena (The Chilean Economy) (2012) Chapter (2014)
- Banks and cross-border capital flows: challenges and regulatory responses
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (19)
- Dividends and Bank Capital in the Financial Crisis of 2007-2009
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (62)
- Exploring the Dynamics of Global Liquidity
IMF Working Papers, International Monetary Fund View citations (23)
- Macroprudential Policies in Open Emerging Economies
NBER Working Papers, National Bureau of Economic Research, Inc View citations (44)
See also Journal Article in Proceedings (2011)
- Mitigating Systemic Spillovers from Currency Hedging
Working Papers, Economic Research Institute, Bank of Korea View citations (4)
See also Journal Article in National Institute Economic Review (2012) Chapter (2014)
- Monetary Aggregates and the Central Bank’s Financial Stability Mandate
Working Papers, Economic Research Institute, Bank of Korea View citations (10)
- Non-Core Bank Liabilities and Financial Vulnerability
NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
See also Journal Article in Journal of Money, Credit and Banking (2013)
- Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
NBER Working Papers, National Bureau of Economic Research, Inc View citations (119)
2011
- Balance Sheet Capacity and Endogenous Risk
FMG Discussion Papers, Financial Markets Group View citations (37)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011) View citations (48)
- Carry Trades, Monetary Policy and Speculative Dynamics
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (44)
- Financial intermediary balance sheet management
Staff Reports, Federal Reserve Bank of New York View citations (50)
See also Journal Article in Annual Review of Financial Economics (2011)
- Procyclicality and Monetary Aggregates
NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
- Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09
Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (14)
Also in Staff Reports, Federal Reserve Bank of New York (2011) View citations (19)
2010
- Contagious Adverse Selection
Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (4)
See also Journal Article in American Economic Journal: Macroeconomics (2012)
- Contagious Adverse Selection - Revised November, 2010
Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (1)
- Financial Intermediation, Asset Prices, and Macroeconomic Dynamics
2010 Meeting Papers, Society for Economic Dynamics View citations (67)
Also in Staff Reports, Federal Reserve Bank of New York (2010) View citations (32)
- Financial intermediation and the post-crisis financial system
BIS Working Papers, Bank for International Settlements View citations (34)
- Macro risk premium and intermediary balance sheet quantities
Staff Reports, Federal Reserve Bank of New York View citations (49)
See also Journal Article in IMF Economic Review (2010)
- Monetary cycles, financial cycles, and the business cycle
Staff Reports, Federal Reserve Bank of New York View citations (27)
- Risk Appetite and Endogenous Risk
FMG Discussion Papers, Financial Markets Group View citations (28)
- Risk Appetite and Exchange Rates
2010 Meeting Papers, Society for Economic Dynamics View citations (29)
Also in Staff Reports, Federal Reserve Bank of New York (2009) View citations (4)
- The changing nature of financial intermediation and the financial crisis of 2007-09
Staff Reports, Federal Reserve Bank of New York View citations (101)
- p-dominance and Belief Potential
Levine's Working Paper Archive, David K. Levine View citations (1)
See also Journal Article in Econometrica (1995)
2009
- A Financial System Perspective on Japan's Experience in the Late 1980s
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (17)
- A Theory of Slow-Moving Capital and Contagion
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
- Crisis Resolution and Bank Liquidity
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
See also Journal Article in Review of Financial Studies (2011)
- Endogenous choice of bank liquidity: the role of fire sales
Bank of England working papers, Bank of England View citations (18)
- Financial intermediaries and monetary economics
Staff Reports, Federal Reserve Bank of New York View citations (28)
See also Chapter (2010)
- Money, liquidity, and monetary policy
Staff Reports, Federal Reserve Bank of New York View citations (196)
See also Journal Article in American Economic Review (2009)
- Prices and quantities in the monetary policy transmission mechanism
Staff Reports, Federal Reserve Bank of New York View citations (25)
See also Journal Article in International Journal of Central Banking (2009)
- The shadow banking system: implications for financial regulation
Staff Reports, Federal Reserve Bank of New York View citations (60)
See also Journal Article in Financial Stability Review (2009)
2008
- Fair Value Accounting and Financial Stability
Sciences Po publications, Sciences Po View citations (16)
Also in Post-Print, HAL (2008) View citations (16)
See also Journal Article in Financial Stability Review (2008)
- Financial intermediaries, financial stability, and monetary policy
Staff Reports, Federal Reserve Bank of New York View citations (65)
See also Journal Article in Proceedings - Economic Policy Symposium - Jackson Hole (2008)
- Financial intermediary leverage and value at risk
Staff Reports, Federal Reserve Bank of New York View citations (72)
- Liquidity and financial cycles
BIS Working Papers, Bank for International Settlements View citations (159)
- Liquidity and leverage
Staff Reports, Federal Reserve Bank of New York View citations (81)
See also Journal Article in Journal of Financial Intermediation (2010)
- Marking-to-Market: Panacea or Pandora's Box?
Post-Print, HAL View citations (9)
Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business View citations (137)
See also Journal Article in Journal of Accounting Research (2008)
- Precautionary Demand and Liquidity in Payment Systems
Staff Reports, Federal Reserve Bank of New York View citations (19)
See also Journal Article in Journal of Money, Credit and Banking (2011)
2007
- Coordinating Expectations in Monetary Policy
Levine's Bibliography, UCLA Department of Economics View citations (3)
See also Chapter (2008)
- Fire Sales, Foreign Entry and Bank Liquidity
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
- Fire-sale FDI
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
See also Journal Article in Korean Economic Review (2011)
- The Broad Yen Carry Trade
IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (13)
See also Chapter (2009)
2006
- Endogenous Public Signals and Coordination
Levine's Bibliography, UCLA Department of Economics View citations (5)
- Optimal Communication
Levine's Bibliography, UCLA Department of Economics View citations (3)
See also Journal Article in Journal of the European Economic Association (2007)
- Risk and liquidity in a system context
BIS Working Papers, Bank for International Settlements View citations (13)
See also Journal Article in Journal of Financial Intermediation (2008)
2005
- Liquidity risk and contagion
Bank of England working papers, Bank of England View citations (483)
See also Journal Article in Journal of the European Economic Association (2005)
- Marking to Market, Liquidity, and Financial Stability
Sciences Po publications, Sciences Po View citations (5)
Also in Working Papers, HAL (2005) View citations (5)
See also Journal Article in Monetary and Economic Studies (2005)
- Optimal collective action clause thresholds
Bank of England working papers, Bank of England View citations (9)
2004
- Beauty Contests, Bubbles and Iterated Expectations in Asset Markets
Yale School of Management Working Papers, Yale School of Management View citations (23)
Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (20) NajEcon Working Paper Reviews, www.najecon.org (2003) View citations (33)
- Catalytic Finance: When Does It Work?
Yale School of Management Working Papers, Yale School of Management View citations (5)
Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (26)
See also Journal Article in Journal of International Economics (2006)
- Communication and Monetary Policy
Yale School of Management Working Papers, Yale School of Management View citations (11)
Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (16) Levine's Working Paper Archive, David K. Levine (2003) View citations (30) BIS Working Papers, Bank for International Settlements (2003) View citations (24)
See also Journal Article in Oxford Review of Economic Policy (2002)
- Fair Value Reporting Standards and Market Volatility
Sciences Po publications, Sciences Po View citations (3)
Also in Post-Print, HAL (2004) View citations (2)
- Heterogeneity and Uniqueness in Interaction Games
Yale School of Management Working Papers, Yale School of Management View citations (1)
Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (8)
- Liquidity Black Holes
Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (124)
Also in Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (124) Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (8) Yale School of Management Working Papers, Yale School of Management (2004) View citations (124)
See also Journal Article in Review of Finance (2004)
- Opening and Closing the Market: Evidence from the London Stock Exchange
FMG Discussion Papers, Financial Markets Group View citations (4)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2004) View citations (1)
See also Journal Article in Journal of Financial and Quantitative Analysis (2005)
- Public and Private Information in Monetary Policy Models
Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (2)
Also in BIS Working Papers, Bank for International Settlements (2003) View citations (78) Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (78) Levine's Bibliography, UCLA Department of Economics (2003) View citations (80)
- Regulating Financial Conglomerates
Working Paper Research, National Bank of Belgium View citations (22)
- The impact of risk regulation on price dynamics
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (77)
See also Journal Article in Journal of Banking & Finance (2004)
2003
- Analytics of sovereign debt restructuring
Bank of England working papers, Bank of England View citations (14)
See also Journal Article in Journal of International Economics (2005)
- Beauty Contests, Bubbles and Iterated Expectations in Asset Markets Capital Adequacy Regulation: In Search of a Rationale
Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania
- Catalytic Finance
Levine's Working Paper Archive, David K. Levine
- Debt maturity structure with pre-emptive creditors
Bank of England working papers, Bank of England 
See also Journal Article in Economics Letters (2004)
- Positive feedback trading under stress: Evidence from the US Treasury securities market
BIS Working Papers, Bank for International Settlements View citations (35)
See also Chapter (2002)
2002
- Coordination Risk and the Price of Debt
Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (6)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (11) FMG Discussion Papers, Financial Markets Group (2001) View citations (13) Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1999) View citations (22)
See also Journal Article in European Economic Review (2004)
- Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises
Departmental Working Papers, The Australian National University, Arndt-Corden Department of Economics View citations (1)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (7) Bank of England working papers, Bank of England (2001) View citations (10) FMG Discussion Papers, Financial Markets Group (2001) View citations (5)
See also Journal Article in Journal of International Economics (2004)
- Disclosures and Asset Returns
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in FMG Discussion Papers, Financial Markets Group (2001)  LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) 
See also Journal Article in Econometrica (2003)
- Foreshadowing LTCM: the crisis of 1763
Papers, Sonderforschungsbreich 504 View citations (6)
Also in Papers, Sonderforschungsbreich 504 (2001) View citations (3) Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2001) View citations (6)
2001
- An Academic Response to Basel II
FMG Special Papers, Financial Markets Group
- Asset Price Dynamics with Value-at-Risk Constrained Traders
FMG Discussion Papers, Financial Markets Group View citations (9)
- Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
FMG Discussion Papers, Financial Markets Group View citations (13)
Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (13) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) View citations (19) Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (11)
See also Journal Article in Review of Economic Studies (2004)
- Global Games: Theory and Applications
Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (50)
Also in Levine's Working Paper Archive, David K. Levine (2001) View citations (102) Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (50)
- The CNBC Effect: Welfare Effects of Public Information
Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (3)
2000
- Rethinking Multiple Equilibria in Macroeconomic Modelling
Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (136)
See also Chapter (2001)
- Welfare effects of public information
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (7)
1998
- A Theory of the Onset of Currency Attacks
Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (21)
Also in Economics Papers, Economics Group, Nuffield College, University of Oxford (1998) View citations (7) CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (7)
1997
- Adversarial and Inquisitorial Procedures in Arbitration
CEPR Discussion Papers, C.E.P.R. Discussion Papers 
Also in Economics Papers, Economics Group, Nuffield College, University of Oxford (1996)
See also Journal Article in RAND Journal of Economics (1998)
- Equilibrium Departures From Common Knowledge in Games With Non-Additive Expected Utility
Economics Papers, Economics Group, Nuffield College, University of Oxford View citations (1)
See also Journal Article in The B.E. Journal of Theoretical Economics (2002)
- Unique Equilibrium in a Model of Self-fulfilling Currency Attacks
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (18)
Also in Economics Papers, Economics Group, Nuffield College, University of Oxford (1996) View citations (73)
See also Journal Article in American Economic Review (1998)
1996
- Skewness of Earnings and the Believability Hypothesis: How Does the Financial Market Discount Accounting Earnings Disclosures?
Economics Papers, Economics Group, Nuffield College, University of Oxford View citations (2)
1995
- A Violation of Dominance anf the Consumption Value of Gambling
Working Papers, University of Southampton - Department of Accounting and Management Science View citations (1)
- Informational events that trigger currency attacks
Working Papers, Federal Reserve Bank of Philadelphia View citations (6)
1992
- Sophisticated Bounded Agents Play the Repeated Dilemma
Economics Series Working Papers, University of Oxford, Department of Economics View citations (1)
1989
- NON-PARTITIONAL INFORMATION ON DYNAMIC STATE SPACES AND THE POSSIBILITY OF SPECULATION
Working Papers, Michigan - Center for Research on Economic & Social Theory View citations (1)
Undated
- "Weight of Money" Pricing and Speculative Dynamics
GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
- Approximate Common Knowledge and Co-ordination: Recent Lessons from Game Theory
CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (27)
Also in Penn CARESS Working Papers, Penn Economics Department  CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences
Journal Articles
2022
- Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier
Annual Review of Economics, 2022, 14, (1), 697-721 View citations (5)
See also Working Paper (2021)
- Dividends and Bank Capital in the Global Financial Crisis of 2007-2009
Journal of Financial Crises, 2022, 4, (2), 1-39
2021
- INTERNATIONAL CREDIT TO EMERGING MARKET ECONOMIES DURING THE COVID-19 CRISIS
Financial Stability Review, 2021, 61-70
- Offshore EME bond issuance and the transmission channels of global liquidity
Journal of International Money and Finance, 2021, 112, (C) View citations (5)
- Outward portfolio investment and dollar funding in emerging Asia
BIS Quarterly Review, 2021 View citations (4)
2020
- Bond Risk Premia and The Exchange Rate
Journal of Money, Credit and Banking, 2020, 52, (S2), 497-520 View citations (11)
See also Working Paper (2019)
- Currency Depreciation and Emerging Market Corporate Distress
Management Science, 2020, 66, (5), 1935-1961 View citations (8)
See also Working Paper (2018)
- Design of Microgrid Protection Schemes Using PSCAD/EMTDC and ETAP Programs
Energies, 2020, 13, (21), 1-19
- The Dollar, Bank Leverage, and Real Economic Activity: An Evolving Relationship
AEA Papers and Proceedings, 2020, 110, 529-34 View citations (10)
See also Working Paper (2020)
2019
- BigTech and the changing structure of financial intermediation
Economic Policy, 2019, 34, (100), 761-799 View citations (71)
See also Working Paper (2019)
- Financial conditions and purchasing managers' indices: exploring the links
BIS Quarterly Review, 2019 View citations (1)
- Following the imprint of the ECB's asset purchase programme on global bond and deposit flows
BIS Quarterly Review, 2019 View citations (4)
- Risk‐taking channel of monetary policy
Financial Management, 2019, 48, (3), 725-738 View citations (8)
See also Working Paper (2018)
- The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment
IMF Economic Review, 2019, 67, (1), 151-173 View citations (50)
- The Dollar, Bank Leverage, and Deviations from Covered Interest Parity
American Economic Review: Insights, 2019, 1, (2), 193-208 View citations (68)
See also Working Paper (2016)
2018
- Central Bank Forward Guidance and the Signal Value of Market Prices
AEA Papers and Proceedings, 2018, 108, 572-77 View citations (18)
See also Working Paper (2018)
- Exchange Rates and the Working Capital Channel of Trade Fluctuations
AEA Papers and Proceedings, 2018, 108, 531-36 View citations (27)
- Exchange rates and monetary spillovers
Theoretical Economics, 2018, 13, (2) View citations (8)
See also Working Paper (2018)
- Liquidity, Leverage, and Regulation 10 Years After the Global Financial Crisis
Annual Review of Financial Economics, 2018, 10, (1), 1-24 View citations (12)
- Tracking the international footprints of global firms
BIS Quarterly Review, 2018 View citations (40)
- Why bank capital matters for monetary policy
Journal of Financial Intermediation, 2018, 35, (PB), 17-29 View citations (142)
See also Working Paper (2016)
2017
- Bank Capital and Dividend Externalities
Review of Financial Studies, 2017, 30, (3), 988-1018 View citations (30)
See also Working Paper (2016)
- Comparative assessment of macroprudential policies
Journal of Financial Stability, 2017, 28, (C), 183-202 View citations (141)
See also Working Paper (2015)
- Global Dollar Credit and Carry Trades: A Firm-Level Analysis
Review of Financial Studies, 2017, 30, (3), 703-749 View citations (87)
See also Working Paper (2015)
- Global Liquidity: A Selective Review
Annual Review of Economics, 2017, 9, (1), 587-612 View citations (14)
- Redemption risk and cash hoarding by asset managers
Journal of Monetary Economics, 2017, 89, (C), 71-87 View citations (57)
See also Working Paper (2017)
- The Hunt for Duration: Not Waving but Drowning?
IMF Economic Review, 2017, 65, (1), 113-153 View citations (40)
See also Working Paper (2015)
2016
- Brand Performance Volatility from Marketing Spending
Management Science, 2016, 62, (1), 197-215 View citations (4)
- Breaking free of the triple coincidence in international finance
Economic Policy, 2016, 31, (87), 409-451 View citations (60)
See also Working Paper (2015) Chapter (2017)
- Common belief foundations of global games
Journal of Economic Theory, 2016, 163, (C), 826-848 View citations (19)
See also Working Paper (2015)
- ILLIQUIDITY COMPONENT OF CREDIT RISK – THE 2015 LAWRENCE R. KLEIN LECTURE
International Economic Review, 2016, 57, (4), 1135-1148 View citations (4)
- The role of online buzz for leader versus challenger brands: the case of the MP3 player market
Electronic Commerce Research, 2016, 16, (4), 503-528 View citations (1)
2015
- Capital flows and the risk-taking channel of monetary policy
Journal of Monetary Economics, 2015, 71, (C), 119-132 View citations (486)
See also Working Paper (2013)
- Cross-Border Banking and Global Liquidity
Review of Economic Studies, 2015, 82, (2), 535-564 View citations (341)
See also Working Paper (2014)
- Global liquidity through the lens of monetary aggregates
Economic Policy, 2015, 30, (82), 231-290 View citations (23)
See also Working Paper (2014)
- Oil and debt
BIS Quarterly Review, 2015 View citations (21)
- What does the new face of international financial intermediation mean for emerging market economies?
Financial Stability Review, 2015, (19), 25-36 View citations (13)
2014
- Globalization of corporate risk taking
Journal of International Business Studies, 2014, 45, (7), 800-820 View citations (18)
- Non-financial corporations from emerging market economies and capital flows
BIS Quarterly Review, 2014 View citations (77)
- Procyclical Leverage and Value-at-Risk
Review of Financial Studies, 2014, 27, (2), 373-403 View citations (255)
See also Working Paper (2013)
2013
- A Theory of Arbitrage Capital
Review of Corporate Finance Studies, 2013, 2, (1), 62-97 View citations (16)
- Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 View citations (6)
- Commentary on Robert E. Hall 'The routes into and out of the Zero Lower Bound'
Proceedings - Economic Policy Symposium - Jackson Hole, 2013
- Monetary Aggregates and the Central Bank’s Financial Stability Mandate
International Journal of Central Banking, 2013, 9, (1), 69-108 View citations (15)
- Noncore Bank Liabilities and Financial Vulnerability
Journal of Money, Credit and Banking, 2013, 45, (s1), 3-36 View citations (36)
Also in Journal of Money, Credit and Banking, 2013, 45, 3-36 (2013) View citations (138)
See also Working Paper (2012)
- The second phase of global liquidity and its impact on emerging economies
Proceedings, 2013, (Nov), 1-10 View citations (59)
See also Chapter (2014)
- Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009
NBER Macroeconomics Annual, 2013, 27, (1), 159 - 214 View citations (99)
See also Chapter (2012)
2012
- Adapting Macroprudential Policies to Global Liquidity Conditions
Journal Economía Chilena (The Chilean Economy), 2012, 15, (2), 33-65 View citations (3)
See also Working Paper (2012) Chapter (2014)
- Comment
NBER Macroeconomics Annual, 2012, 26, (1), 195 - 230
- Contagious Adverse Selection
American Economic Journal: Macroeconomics, 2012, 4, (1), 1-21 View citations (33)
See also Working Paper (2010)
- Endogenous Extreme Events and the Dual Role of Prices
Annual Review of Economics, 2012, 4, (1), 111-129 View citations (13)
- Global Banking Glut and Loan Risk Premium
IMF Economic Review, 2012, 60, (2), 155-192 View citations (304)
- Mitigating Systemic Spillovers from Currency Hedging
National Institute Economic Review, 2012, 221, R44-R56 View citations (4)
Also in National Institute Economic Review, 2012, 221, (1), R44-R56 (2012) View citations (5)
See also Working Paper (2012) Chapter (2014)
- Sustaining Production Chains through Financial Linkages
American Economic Review, 2012, 102, (3), 402-06 View citations (52)
2011
- Crisis Resolution and Bank Liquidity
Review of Financial Studies, 2011, 24, (6), 2166-2205 View citations (134)
See also Working Paper (2009)
- Financial Intermediary Balance Sheet Management
Annual Review of Financial Economics, 2011, 3, (1), 289-307 View citations (58)
See also Working Paper (2011)
- Fire Sale FDI
Korean Economic Review, 2011, 27, 163-202 View citations (19)
See also Working Paper (2007)
- Macroprudential policies in open emerging economies
Proceedings, 2011, (Nov), 63-114 View citations (1)
See also Working Paper (2012)
- Precautionary Demand and Liquidity in Payment Systems
Journal of Money, Credit and Banking, 2011, 43, 589-619 View citations (31)
Also in Journal of Money, Credit and Banking, 2011, 43, (s2), 589-619 (2011) View citations (13)
See also Working Paper (2008)
2010
- Liquidity and leverage
Journal of Financial Intermediation, 2010, 19, (3), 418-437 View citations (1110)
See also Working Paper (2008)
- Macro Risk Premium and Intermediary Balance Sheet Quantities
IMF Economic Review, 2010, 58, (1), 179-207 View citations (70)
See also Working Paper (2010)
- The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009
Annual Review of Economics, 2010, 2, (1), 603-618 View citations (162)
- The Squam Lake Report: Fixing the Financial System
Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 View citations (117)
See also Book (2010)
2009
- Banking Integration, Bank Stability, and Regulation - Introduction to a Special Issue of the International Journal of Central Banking
International Journal of Central Banking, 2009, 5, (1)
- From Mary Poppins to Northern Rock: reflections of modern bank runs
Mercato Concorrenza Regole, 2009, (1), 79-94 View citations (2)
- Money, Liquidity, and Monetary Policy
American Economic Review, 2009, 99, (2), 600-605 View citations (264)
See also Working Paper (2009)
- Prices and Quantities in the Monetary Policy Transmission Mechanism
International Journal of Central Banking, 2009, 5, (4), 131-142 View citations (34)
See also Working Paper (2009)
- Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis
Journal of Economic Perspectives, 2009, 23, (1), 101-19 View citations (227)
- Securitisation and Financial Stability
Economic Journal, 2009, 119, (536), 309-332 View citations (81)
- The shadow banking system: implications for fi nancial regulation
Financial Stability Review, 2009, (13), 1-10 View citations (44)
See also Working Paper (2009)
- Yen Carry Trade and the Subprime Crisis
IMF Staff Papers, 2009, 56, (2), 384-409 View citations (21)
2008
- Fair value accounting and financial stability
Financial Stability Review, 2008, (12), 85-94 View citations (22)
See also Working Paper (2008)
- Financial Regulation in a System Context
Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 229-274 View citations (76)
- Financial intermediaries, financial stability and monetary policy
Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 287-334 View citations (48)
See also Working Paper (2008)
- Liquidity and financial contagion
Financial Stability Review, 2008, (11), 1-7 View citations (58)
- Liquidity, monetary policy, and financial cycles
Current Issues in Economics and Finance, 2008, 14, (Jan) View citations (90)
- Marking‐to‐Market: Panacea or Pandora's Box?
Journal of Accounting Research, 2008, 46, (2), 435-460 View citations (190)
See also Working Paper (2008)
- Risk and liquidity in a system context
Journal of Financial Intermediation, 2008, 17, (3), 315-329 View citations (81)
See also Working Paper (2006)
2007
- Discussion of Assessing the Information Content of Mark‐to‐Market Accounting with Mixed Attributes: The Case of Cash Flow Hedges and Market Transparency and the Accounting Regime
Journal of Accounting Research, 2007, 45, (2), 277-287 View citations (2)
- Optimal Communication
Journal of the European Economic Association, 2007, 5, (2-3), 594-602 View citations (40)
See also Working Paper (2006)
- Transparency, Communication and Commitment
International Journal of Central Banking, 2007, 3, (1)
2006
- Beauty Contests and Iterated Expectations in Asset Markets
Review of Financial Studies, 2006, 19, (3), 719-752 View citations (234)
- Catalytic finance: When does it work?
Journal of International Economics, 2006, 70, (1), 161-177 View citations (104)
See also Working Paper (2004)
- Disclosure Risk and Price Drift
Journal of Accounting Research, 2006, 44, (2), 351-379 View citations (21)
- Imperfect common knowledge and the information value of prices
Economic Theory, 2006, 27, (1), 213-241 View citations (29)
- Inertia of Forward-Looking Expectations
American Economic Review, 2006, 96, (2), 152-157 View citations (26)
- Social Value of Public Information: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con: Reply
American Economic Review, 2006, 96, (1), 453-455 View citations (160)
- Staggered Pricing Models Face the Facts
International Journal of Central Banking, 2006, 2, (3)
2005
- Analytics of sovereign debt restructuring
Journal of International Economics, 2005, 65, (2), 315-333 View citations (30)
See also Working Paper (2003)
- Central Bank Transparency and the Signal Value of Prices
Brookings Papers on Economic Activity, 2005, 36, (2), 1-66 View citations (111)
- Commentary: has financial development made the world riskier?
Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 381-386 View citations (2)
- Liquidity Risk and Contagion
Journal of the European Economic Association, 2005, 3, (2-3), 556-566 View citations (482)
See also Working Paper (2005)
- Liquidity and Twin Crises
Economic Notes, 2005, 34, (3), 257-277 View citations (6)
- Marking to Market, Liquidity, and Financial Stability
Monetary and Economic Studies, 2005, 23, (S1), 133-155 View citations (7)
See also Working Paper (2005)
- Opening and Closing the Market: Evidence from the London Stock Exchange
Journal of Financial and Quantitative Analysis, 2005, 40, (4), 779-801 View citations (32)
See also Working Paper (2004)
2004
- Coordination risk and the price of debt
European Economic Review, 2004, 48, (1), 133-153 View citations (222)
See also Working Paper (2002)
- Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises
Journal of International Economics, 2004, 62, (2), 245-262 View citations (39)
See also Working Paper (2002)
- Debt maturity structure with pre-emptive creditors
Economics Letters, 2004, 85, (2), 195-200 View citations (4)
See also Working Paper (2003)
- Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
Review of Economic Studies, 2004, 71, (1), 87-113 View citations (145)
See also Working Paper (2001)
- Liquidity Black Holes
Review of Finance, 2004, 8, (1), 1-18 View citations (127)
Also in Review of Finance, 2004, 8, (1), 1-18 (2004) View citations (128)
See also Working Paper (2004)
- Liquidity and Contagion: The Crisis of 1763
Journal of the European Economic Association, 2004, 2, (6), 929-968 View citations (78)
- The impact of risk regulation on price dynamics
Journal of Banking & Finance, 2004, 28, (5), 1069-1087 View citations (99)
See also Working Paper (2004)
2003
- Disclosures and Asset Returns
Econometrica, 2003, 71, (1), 105-133 View citations (71)
See also Working Paper (2002)
2002
- Comments on "How good is the market at assessing bank fragility? A horse race between different indicators"
Journal of Banking & Finance, 2002, 26, (5), 1029-1031 View citations (3)
- Communication and Monetary Policy
Oxford Review of Economic Policy, 2002, 18, (4), 495-503 View citations (113)
See also Working Paper (2004)
- Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility
The B.E. Journal of Theoretical Economics, 2002, 2, (1), 1-30 View citations (6)
See also Working Paper (1997)
- Positive feedback trading in the US Treasurey market
BIS Quarterly Review, 2002
- Social Value of Public Information
American Economic Review, 2002, 92, (5), 1521-1534 View citations (1014)
- The Assessment: Games and Coordination
Oxford Review of Economic Policy, 2002, 18, (4), 397-417 View citations (10)
1999
- Introduction
Review of Economic Studies, 1999, 66, (1), 1-2
- Risk Management with Interdependent Choice
Oxford Review of Economic Policy, 1999, 15, (3), 52-62 View citations (33)
1998
- Adversarial and Inquisitorial Procedures in Arbitration
RAND Journal of Economics, 1998, 29, (2), 378-405 View citations (100)
See also Working Paper (1997)
- International Environmental Agreements under Uncertainty
Oxford Economic Papers, 1998, 50, (2), 173-85 View citations (42)
- Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks
American Economic Review, 1998, 88, (3), 587-97 View citations (794)
See also Working Paper (1997)
1997
- Depth of knowledge and the effect of higher order uncertainty
Economic Theory, 1995, 6, (3), 453-467 View citations (7)
Also in Economic Theory, 1995, 6, (3), 453-67 (1995) View citations (21)
- Editorial Announcement
Review of Economic Studies, 1997, 64, (4), 485
- The rationality and efficacy of decisions under uncertainty and the value of an experiment (*)
Economic Theory, 1997, 9, (2), 309-324 View citations (5)
1996
- Comparing the Robustness of Trading Systems to Higher-Order Uncertainty
Review of Economic Studies, 1996, 63, (1), 39-59 View citations (12)
- How Much Common Belief Is Necessary for a Convention?
Games and Economic Behavior, 1996, 13, (2), 252-268 View citations (10)
1995
- Dominance and Belief Potential
Econometrica, 1995, 63, (1), 145-57 View citations (41)
See also Working Paper (2010)
1994
- News Management and the Value of Firms
RAND Journal of Economics, 1994, 25, (1), 58-71 View citations (71)
- The Burden of Proof in a Game of Persuasion
Journal of Economic Theory, 1994, 64, (1), 253-264 View citations (108)
1993
- Logical Structure of Common Knowledge
Journal of Economic Theory, 1993, 60, (1), 1-13 View citations (15)
- Measuring the Incidence of Insider Trading in a Market for State-Contingent Claims
Economic Journal, 1993, 103, (420), 1141-53 View citations (74)
1992
- A Comment on a Model of Vertical Product Differentiation
Journal of Industrial Economics, 1992, 40, (2), 229-31 View citations (136)
- Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias
Economic Journal, 1992, 102, (411), 426-35 View citations (73)
See also Chapter (2008)
- The Dynamics of Rational Deliberation, Brian Skyrms. Cambridge, MA: Harvard University Press, 1990, 199 pages
Economics and Philosophy, 1992, 8, (1), 176-183
1991
- Optimal Betting Odds against Insider Traders
Economic Journal, 1991, 101, (408), 1179-85 View citations (67)
Books
2015
- Managing Elevated Risk
Springer Books, Springer View citations (15)
2010
- Risk and Liquidity
OUP Catalogue, Oxford University Press View citations (151)
- The Squam Lake Report: Fixing the Financial System
Economics Books, Princeton University Press View citations (106)
See also Journal Article in Journal of Applied Corporate Finance (2010)
Edited books
2020
- Promoting Global Monetary and Financial Stability
Cambridge Books, Cambridge University Press
2014
- Global Shock, Risks, and Asian Financial Reform
Books, Edward Elgar Publishing View citations (8)
- Volatile Capital Flows in Korea
Palgrave Macmillan Books, Palgrave Macmillan View citations (34)
Chapters
2021
- Big Techs in Finance: On the New Nexus Between Data Privacy and Competition
Springer View citations (1)
See also Working Paper (2021)
- Gauging Procyclicality and Financial Vulnerability in Asia through the BIS Banking and Financial Statistics
Chapter 6 in THE ASIAN MONETARY POLICY FORUM Insights for Central Banking, 2021, pp 224-262 
See also Working Paper (2018)
2020
- Original sin redux and policy responses in emerging market economies during the COVID-19 pandemic
Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 353-361 View citations (6)
2017
- Breaking free of the triple coincidence in international finance
A chapter in Statistical implications of the new financial landscape, 2017, vol. 43 
See also Working Paper (2015) Journal Article in Economic Policy (2016)
2016
- Macroprudential policies: indicators and tools
Chapter 2 in Macroprudential Regulation of International Finance, 2016, pp 11-38
- Risk Premium Shifts and Monetary Policy: A Coordination Approach
Chapter 05 in Monetary Policy through Asset Markets: Lessons from Unconventional Measures and Implications for an Integrated World, 2016, vol. 24, pp 131-150 View citations (15)
See also Working Paper (2015)
2015
- Breaking the triple coincidence in international finance
A chapter in Indicators to support monetary and financial stability analysis: data sources and statistical methodologies, 2015, vol. 39 View citations (26)
- Effectiveness of macroprudential and capital flow measures in Asia and the Pacific
A chapter in Cross-border Financial Linkages: Challenges for Monetary Policy and Financial Stability, 2015, vol. 82, pp 185-192 View citations (7)
2014
- Adapting Macroprudential Policies to Global Liquidity Conditions
Chapter 2 in Capital Mobility and Monetary Policy, 2014, vol. 18, pp 25-67 View citations (2)
See also Working Paper (2012) Journal Article in Journal Economía Chilena (The Chilean Economy) (2012)
- Mitigating Systemic Spillovers from Currency Hedging
Palgrave Macmillan
See also Journal Article in National Institute Economic Review (2012) Working Paper (2012)
- Monetary aggregates and global liquidity: evidence from individual firm data from Asia
Chapter 4 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 102-149
- Monetary aggregates and procyclicality of the financial system: an Asian perspective
Chapter 2 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 22-73 View citations (1)
- Non-core bank liabilities and vulnerability to crisis: implications for Asia
Chapter 3 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 74-101
- Overview and summary
Chapter 1 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 3-12
- The Second Phase of Global Liquidity and Its Impact on Emerging Economies
Palgrave Macmillan View citations (31)
See also Journal Article in Proceedings (2013)
- Why Macroprudential Policy? Brief Overview
Palgrave Macmillan
2012
- Endogenous and Systemic Risk
A chapter in Quantifying Systemic Risk, 2012, pp 73-94 View citations (21)
- Global Liquidity
Chapter 10 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 91-100
- 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 159-214 View citations (97)
See also Journal Article in NBER Macroeconomics Annual (2013)
2011
- Comment on "Risk Topography"
A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 184-189
- Macroprudential policies beyond Basel III
A chapter in Macroprudential regulation and policy, 2011, vol. 60, pp 5-15 View citations (31)
2010
- Comment on "The Leverage Cycle"
A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 75-84
- Financial Intermediaries and Monetary Economics
Chapter 12 in Handbook of Monetary Economics, 2010, vol. 3, pp 601-650 View citations (352)
See also Working Paper (2009)
- Introduction
A chapter in The Squam Lake Report: Fixing the Financial System, 2010
2009
- The Broad Yen Carry Trade
Chapter 11 in Globalization And Systemic Risk, 2009, pp 169-189 
See also Working Paper (2007)
2008
- Coordinating Expectations in Monetary Policy
Chapter 5 in Central Banks as Economic Institutions, 2008 View citations (3)
See also Working Paper (2007)
- PRICES OF STATE CONTINGENT CLAIMS WITH INSIDER TRADERS, AND THE FAVOURITE-LONGSHOT BIAS
Chapter 34 in Efficiency Of Racetrack Betting Markets, 2008, pp 343-352 
See also Journal Article in Economic Journal (1992)
2005
- Financial System Liquidity, Asset prices and Monetary Policy
A chapter in The Changing Nature of the Business Cycle, 2005 View citations (4)
2002
- Positive feedback trading under stress: evidence from the US Treasury securities market
A chapter in Market functioning and central bank policy, 2002, vol. 12, pp 148-180 View citations (10)
See also Working Paper (2003)
2001
- Rethinking Multiple Equilibria in Macroeconomic Modeling
A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 139-182 View citations (62)
See also Working Paper (2000)
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