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Details about Hyun Song Shin

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Homepage:https://www.bis.org/author/hyun_song_shin.htm
Workplace:Bank for International Settlements (BIS), (more information at EDIRC)

Access statistics for papers by Hyun Song Shin.

Last updated 2023-08-05. Update your information in the RePEc Author Service.

Short-id: psh692


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Working Papers

2023

  1. Original sin redux: role of duration risk
    BIS Working Papers, Bank for International Settlements Downloads View citations (4)
  2. Overcoming original sin: insights from a new dataset
    BIS Working Papers, Bank for International Settlements Downloads View citations (7)
  3. Stablecoins versus tokenised deposits: implications for the singleness of money
    BIS Bulletins, Bank for International Settlements Downloads
  4. The Bank of Amsterdam and the limits of fiat money
    Working Papers, DNB Downloads View citations (2)
    Also in BIS Working Papers, Bank for International Settlements (2023) Downloads View citations (2)
  5. Theory of supply chains: a working capital approach
    BIS Working Papers, Bank for International Settlements Downloads View citations (4)

2022

  1. Central banks, the monetary system and public payment infrastructures: lessons from Brazil's Pix
    BIS Bulletins, Bank for International Settlements Downloads
  2. Dollar beta and stock returns
    BIS Working Papers, Bank for International Settlements Downloads View citations (6)
    See also Journal Article Dollar beta and stock returns, Oxford Open Economics, Oxford University Press (2022) Downloads View citations (4) (2022)
  3. How Abundant Are Reserves? Evidence from the Wholesale Payment System
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Staff Reports, Federal Reserve Bank of New York (2022) Downloads View citations (2)
    Research Papers, Stanford University, Graduate School of Business (2022) Downloads View citations (3)
    BIS Working Papers, Bank for International Settlements (2022) Downloads View citations (3)
  4. Macro-financial stability frameworks: experience and challenges
    BIS Working Papers, Bank for International Settlements Downloads View citations (2)
    See also Chapter Macro-Financial Stability Frameworks: Experience and Challenges, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2023) Downloads View citations (1) (2023)
  5. Non-bank Financial Intermediaries and Financial Stability
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in BIS Working Papers, Bank for International Settlements (2021) Downloads View citations (8)

    See also Chapter Non-bank financial intermediaries and financial stability, Chapters, Edward Elgar Publishing (2023) Downloads (2023)
  6. Risk capacity, portfolio choice and exchange rates
    BIS Working Papers, Bank for International Settlements Downloads View citations (3)

2021

  1. Big techs in finance: on the new nexus between data privacy and competition
    BIS Working Papers, Bank for International Settlements Downloads View citations (2)
    See also Chapter Big Techs in Finance: On the New Nexus Between Data Privacy and Competition, Springer Books, Springer (2021) View citations (2) (2021)
  2. Central bank digital currencies: motives, economic implications and the research frontier
    BIS Working Papers, Bank for International Settlements Downloads View citations (7)
    See also Journal Article Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier, Annual Review of Economics, Annual Reviews (2022) Downloads View citations (14) (2022)
  3. Distributed Ledgers and the Governance of Money
    Working Papers, Swiss National Bank, Study Center Gerzensee Downloads View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads
    BIS Working Papers, Bank for International Settlements (2021) Downloads View citations (8)
    CESifo Working Paper Series, CESifo (2021) Downloads View citations (6)
  4. Dollar and Exports
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in BIS Working Papers, Bank for International Settlements (2019) Downloads View citations (24)
  5. Liquidity management and asset sales by bond funds in the face of investor redemptions in March 2020
    BIS Bulletins, Bank for International Settlements Downloads
  6. Permissioned Distributed Ledgers and the Governance of Money
    Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft Downloads View citations (14)
  7. Regulating big techs in finance
    BIS Bulletins, Bank for International Settlements Downloads
  8. The fintech gender gap
    BIS Working Papers, Bank for International Settlements Downloads View citations (20)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads View citations (2)

    See also Journal Article The fintech gender gap, Journal of Financial Intermediation, Elsevier (2023) Downloads View citations (6) (2023)

2020

  1. An early stablecoin? The Bank of Amsterdam and the governance of money
    Working Papers, DNB Downloads View citations (22)
    Also in BIS Working Papers, Bank for International Settlements (2020) Downloads View citations (21)
  2. Emerging market economy exchange rates and local currency bond markets amid the Covid-19 pandemic
    BIS Bulletins, Bank for International Settlements Downloads View citations (46)
  3. Leverage and margin spirals in fixed income markets during the Covid-19 crisis
    BIS Bulletins, Bank for International Settlements Downloads View citations (71)
  4. Low price-to-book ratios and bank dividend payout policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
  5. The dollar, bank leverage and real economic activity: an evolving relationship
    BIS Working Papers, Bank for International Settlements Downloads View citations (13)
    See also Journal Article The Dollar, Bank Leverage, and Real Economic Activity: An Evolving Relationship, AEA Papers and Proceedings, American Economic Association (2020) Downloads View citations (12) (2020)
  6. Trade credit, trade finance, and the Covid-19 Crisis
    BIS Bulletins, Bank for International Settlements Downloads View citations (22)

2019

  1. BigTech and the changing structure of financial intermediation
    BIS Working Papers, Bank for International Settlements Downloads View citations (109)
    See also Journal Article BigTech and the changing structure of financial intermediation, Economic Policy, CEPR, CESifo, Sciences Po (2019) Downloads View citations (93) (2019)
  2. Bond risk premia and the exchange rate
    BIS Working Papers, Bank for International Settlements Downloads View citations (20)
    See also Journal Article Bond Risk Premia and The Exchange Rate, Journal of Money, Credit and Banking, Blackwell Publishing (2020) Downloads View citations (23) (2020)
  3. FX intervention and domestic credit: Evidence from high-frequency micro data
    BIS Working Papers, Bank for International Settlements Downloads View citations (31)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2019) Downloads View citations (24)

2018

  1. Central bank forward guidance and the signal value of market prices
    BIS Working Papers, Bank for International Settlements Downloads View citations (20)
    See also Journal Article Central Bank Forward Guidance and the Signal Value of Market Prices, AEA Papers and Proceedings, American Economic Association (2018) Downloads View citations (20) (2018)
  2. Currency depreciation and emerging market corporate distress
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in BIS Working Papers, Bank for International Settlements (2018) Downloads View citations (6)

    See also Journal Article Currency Depreciation and Emerging Market Corporate Distress, Management Science, INFORMS (2020) Downloads View citations (12) (2020)
  3. Exchange Rates and Monetary Spillovers
    SciencePo Working papers Main, HAL Downloads
    Also in SciencePo Working papers Main, HAL (2016) Downloads
    Post-Print, HAL (2018) Downloads View citations (5)
    BIS Working Papers, Bank for International Settlements (2016) Downloads View citations (1)
    Sciences Po publications, Sciences Po (2018) Downloads View citations (6)
    Sciences Po publications, Sciences Po (2016) Downloads View citations (1)
    Working Papers, HAL (2016) Downloads

    See also Journal Article Exchange rates and monetary spillovers, Theoretical Economics, Econometric Society (2018) Downloads View citations (8) (2018)
  4. Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics
    BIS Working Papers, Bank for International Settlements Downloads View citations (4)
    See also Chapter Gauging Procyclicality and Financial Vulnerability in Asia through the BIS Banking and Financial Statistics, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2021) Downloads (2021)
  5. Liquidity, Leverage, and Regulation Ten Years after the Global Financial Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (14)
  6. Money and trust: lessons from the 1620s for money in the digital age
    BIS Working Papers, Bank for International Settlements Downloads View citations (16)
  7. Risk-Taking Channel of Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    See also Journal Article Risk‐taking channel of monetary policy, Financial Management, Financial Management Association International (2019) Downloads View citations (11) (2019)

2017

  1. Redemption risk and cash hoarding by asset managers
    BIS Working Papers, Bank for International Settlements Downloads View citations (66)
    See also Journal Article Redemption risk and cash hoarding by asset managers, Journal of Monetary Economics, Elsevier (2017) Downloads View citations (62) (2017)

2016

  1. Bank capital and dividend externalities
    BIS Working Papers, Bank for International Settlements Downloads View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (13)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) Downloads View citations (13)

    See also Journal Article Bank Capital and Dividend Externalities, The Review of Financial Studies, Society for Financial Studies (2017) Downloads View citations (35) (2017)
  2. Dynamic Leverage Asset Pricing
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (13)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) Downloads View citations (10)
  3. Illiquidity Component of Credit Risk
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. Downloads View citations (19)
  4. Sovereign yields and the risk-taking channel of currency appreciation
    BIS Working Papers, Bank for International Settlements Downloads View citations (72)
  5. The dollar, bank leverage and the deviation from covered interest parity
    BIS Working Papers, Bank for International Settlements Downloads View citations (69)
    See also Journal Article The Dollar, Bank Leverage, and Deviations from Covered Interest Parity, American Economic Review: Insights, American Economic Association (2019) Downloads View citations (86) (2019)
  6. Why bank capital matters for monetary policy
    BIS Working Papers, Bank for International Settlements Downloads View citations (110)
    See also Journal Article Why bank capital matters for monetary policy, Journal of Financial Intermediation, Elsevier (2018) Downloads View citations (168) (2018)

2015

  1. Breaking free of the triple coincidence in international finance
    BIS Working Papers, Bank for International Settlements Downloads View citations (47)
    See also Chapter Breaking free of the triple coincidence in international finance, IFC Bulletins chapters, Bank for International Settlements (2017) Downloads (2017)
    Journal Article Breaking free of the triple coincidence in international finance, Economic Policy, CEPR, CESifo, Sciences Po (2016) Downloads View citations (61) (2016)
  2. Common Belief Foundations of Global Games
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. Downloads View citations (3)
    Also in Levine's Bibliography, UCLA Department of Economics (2007) Downloads View citations (25)

    See also Journal Article Common belief foundations of global games, Journal of Economic Theory, Elsevier (2016) Downloads View citations (20) (2016)
  3. Comparative assessment of macroprudential policies
    BIS Working Papers, Bank for International Settlements Downloads View citations (58)
    See also Journal Article Comparative assessment of macroprudential policies, Journal of Financial Stability, Elsevier (2017) Downloads View citations (152) (2017)
  4. Destabilizing carry trades
    Working Papers, HAL Downloads
    Also in SciencePo Working papers Main, HAL (2015) Downloads
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2014) Downloads View citations (1)
    Sciences Po publications, Sciences Po (2015) Downloads
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) Downloads View citations (1)
  5. Global dollar credit and carry trades: a firm-level analysis
    BIS Working Papers, Bank for International Settlements Downloads View citations (48)
    See also Journal Article Global Dollar Credit and Carry Trades: A Firm-Level Analysis, The Review of Financial Studies, Society for Financial Studies (2017) Downloads View citations (101) (2017)
  6. Investor redemptions and fund manager sales of emerging market bonds: how are they related?
    BIS Working Papers, Bank for International Settlements Downloads View citations (41)
    See also Journal Article Investor Redemptions and Fund Manager Sales of Emerging Market Bonds: How Are They Related?*, Review of Finance, European Finance Association (2018) Downloads View citations (6) (2018)
  7. News shocks, monetary policy, and foreign currency positions
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (1)
  8. On the scale of financial intermediaries
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (15)
  9. Risk Premium Shifts and Monetary Policy: A Coordination Approach
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. Downloads View citations (2)
    See also Chapter Risk Premium Shifts and Monetary Policy: A Coordination Approach, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2016) Downloads View citations (17) (2016)
  10. The hunt for duration: not waving but drowning?
    BIS Working Papers, Bank for International Settlements Downloads View citations (30)
    See also Journal Article The Hunt for Duration: Not Waving but Drowning?, IMF Economic Review, Palgrave Macmillan (2017) Downloads View citations (47) (2017)

2014

  1. Cross-border banking and global liquidity
    BIS Working Papers, Bank for International Settlements Downloads View citations (176)
    See also Journal Article Cross-Border Banking and Global Liquidity, The Review of Economic Studies, Review of Economic Studies Ltd (2015) Downloads View citations (383) (2015)
  2. Global Liquidity through the Lens of Monetary Aggregates
    IMF Working Papers, International Monetary Fund Downloads View citations (27)
    See also Journal Article Global liquidity through the lens of monetary aggregates, Economic Policy, CEPR, CESifo, Sciences Po (2015) Downloads View citations (23) (2015)
  3. Mapping the Shadow Banking System Through a Global Flow of Funds Analysis
    IMF Working Papers, International Monetary Fund Downloads View citations (18)
  4. The international monetary and financial system: a capital account historical perspective
    BIS Working Papers, Bank for International Settlements Downloads View citations (33)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) Downloads View citations (14)

2013

  1. Assessing Macroprudential Policies: Case of Korea
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
  2. Capital Flows and the Risk-Taking Channel of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (69)
    Also in BIS Working Papers, Bank for International Settlements (2012) Downloads View citations (49)

    See also Journal Article Capital flows and the risk-taking channel of monetary policy, Journal of Monetary Economics, Elsevier (2015) Downloads View citations (538) (2015)
  3. Capital Flows, Cross-Border Banking and Global Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (92)
  4. Financing Growth without Banks: Korean Housing Repo Contract
    2013 Meeting Papers, Society for Economic Dynamics Downloads View citations (6)
  5. Global Factors in Capital Flows and Credit Growth
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. Downloads View citations (2)
  6. Procyclical Leverage and Value-at-Risk
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (87)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) Downloads View citations (81)

    See also Journal Article Procyclical Leverage and Value-at-Risk, The Review of Financial Studies, Society for Financial Studies (2014) Downloads View citations (270) (2014)
  7. Procyclicality and the Search for Early Warning Indicators
    IMF Working Papers, International Monetary Fund Downloads View citations (34)
  8. Working Capital, Trade and Macro Fluctuations
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. Downloads View citations (4)

2012

  1. Adapting Macropudential Policies to Global Liquidity Conditions
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (3)
    See also Journal Article Adapting Macroprudential Policies to Global Liquidity Conditions, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2012) Downloads View citations (3) (2012)
    Chapter Adapting Macroprudential Policies to Global Liquidity Conditions, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2014) Downloads View citations (2) (2014)
  2. 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 Downloads View citations (19)
  3. Dividends and Bank Capital in the Financial Crisis of 2007-2009
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (64)
  4. Exploring the Dynamics of Global Liquidity
    IMF Working Papers, International Monetary Fund Downloads View citations (23)
  5. Macroprudential Policies in Open Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (50)
    See also Journal Article Macroprudential policies in open emerging economies, Proceedings, Federal Reserve Bank of San Francisco (2011) Downloads View citations (1) (2011)
  6. Mitigating Systemic Spillovers from Currency Hedging
    Working Papers, Economic Research Institute, Bank of Korea Downloads View citations (4)
    See also Chapter Mitigating Systemic Spillovers from Currency Hedging, Palgrave Macmillan Books, Palgrave Macmillan (2014) (2014)
    Journal Article Mitigating Systemic Spillovers from Currency Hedging, National Institute Economic Review, National Institute of Economic and Social Research (2012) Downloads View citations (4) (2012)
  7. Monetary Aggregates and the Central Bank’s Financial Stability Mandate
    Working Papers, Economic Research Institute, Bank of Korea Downloads View citations (10)
  8. Non-Core Bank Liabilities and Financial Vulnerability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    See also Journal Article Noncore Bank Liabilities and Financial Vulnerability, Journal of Money, Credit and Banking, Blackwell Publishing (2013) Downloads View citations (47) (2013)
  9. Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (119)

2011

  1. Balance Sheet Capacity and Endogenous Risk
    FMG Discussion Papers, Financial Markets Group Downloads View citations (37)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011) Downloads View citations (51)
  2. Carry Trades, Monetary Policy and Speculative Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (44)
  3. Financial intermediary balance sheet management
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (53)
    See also Journal Article Financial Intermediary Balance Sheet Management, Annual Review of Financial Economics, Annual Reviews (2011) Downloads View citations (61) (2011)
  4. Procyclicality and Monetary Aggregates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (73)
  5. Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-09
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. Downloads View citations (14)
    Also in Staff Reports, Federal Reserve Bank of New York (2011) Downloads View citations (19)

2010

  1. Contagious Adverse Selection
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. Downloads View citations (4)
    See also Journal Article Contagious Adverse Selection, American Economic Journal: Macroeconomics, American Economic Association (2012) Downloads View citations (36) (2012)
  2. Contagious Adverse Selection - Revised November, 2010
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. Downloads View citations (1)
  3. Financial Intermediation, Asset Prices, and Macroeconomic Dynamics
    2010 Meeting Papers, Society for Economic Dynamics View citations (68)
    Also in Staff Reports, Federal Reserve Bank of New York (2010) Downloads View citations (33)
  4. Financial intermediation and the post-crisis financial system
    BIS Working Papers, Bank for International Settlements Downloads View citations (36)
  5. Macro risk premium and intermediary balance sheet quantities
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (49)
    See also Journal Article Macro Risk Premium and Intermediary Balance Sheet Quantities, IMF Economic Review, Palgrave Macmillan (2010) Downloads View citations (70) (2010)
  6. Monetary cycles, financial cycles, and the business cycle
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (28)
  7. Risk Appetite and Endogenous Risk
    FMG Discussion Papers, Financial Markets Group Downloads View citations (28)
  8. Risk Appetite and Exchange Rates
    2010 Meeting Papers, Society for Economic Dynamics Downloads View citations (30)
    Also in Staff Reports, Federal Reserve Bank of New York (2009) Downloads View citations (4)
  9. The changing nature of financial intermediation and the financial crisis of 2007-09
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (106)
  10. p-dominance and Belief Potential
    Levine's Working Paper Archive, David K. Levine Downloads View citations (1)
    See also Journal Article Dominance and Belief Potential, Econometrica, Econometric Society (1995) Downloads View citations (41) (1995)

2009

  1. 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 Downloads View citations (18)
  2. A Theory of Slow-Moving Capital and Contagion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (11)
  3. Crisis Resolution and Bank Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    See also Journal Article Crisis Resolution and Bank Liquidity, The Review of Financial Studies, Society for Financial Studies (2011) Downloads View citations (144) (2011)
  4. Endogenous choice of bank liquidity: the role of fire sales
    Bank of England working papers, Bank of England Downloads View citations (18)
  5. Financial intermediaries and monetary economics
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (28)
    See also Chapter Financial Intermediaries and Monetary Economics, Handbook of Monetary Economics, Elsevier (2010) Downloads View citations (381) (2010)
  6. Money, liquidity, and monetary policy
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (201)
    See also Journal Article Money, Liquidity, and Monetary Policy, American Economic Review, American Economic Association (2009) Downloads View citations (272) (2009)
  7. Prices and quantities in the monetary policy transmission mechanism
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (25)
    See also Journal Article Prices and Quantities in the Monetary Policy Transmission Mechanism, International Journal of Central Banking, International Journal of Central Banking (2009) Downloads View citations (35) (2009)
  8. The shadow banking system: implications for financial regulation
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (62)
    See also Journal Article The shadow banking system: implications for fi nancial regulation, Financial Stability Review, Banque de France (2009) Downloads View citations (45) (2009)

2008

  1. Fair Value Accounting and Financial Stability
    Post-Print, HAL Downloads View citations (16)
    Also in Sciences Po publications, Sciences Po (2008) Downloads View citations (16)

    See also Journal Article Fair value accounting and financial stability, Financial Stability Review, Banque de France (2008) Downloads View citations (22) (2008)
  2. Financial intermediaries, financial stability, and monetary policy
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (66)
    See also Journal Article Financial intermediaries, financial stability and monetary policy, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2008) Downloads View citations (49) (2008)
  3. Financial intermediary leverage and value at risk
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (74)
  4. Liquidity and financial cycles
    BIS Working Papers, Bank for International Settlements Downloads View citations (164)
  5. Liquidity and leverage
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (82)
    See also Journal Article Liquidity and leverage, Journal of Financial Intermediation, Elsevier (2010) Downloads View citations (1141) (2010)
  6. Marking-to-Market: Panacea or Pandora's Box?
    Post-Print, HAL View citations (18)
    Also in GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads View citations (147)

    See also Journal Article Marking‐to‐Market: Panacea or Pandora's Box?, Journal of Accounting Research, Wiley Blackwell (2008) Downloads View citations (195) (2008)
  7. Precautionary Demand and Liquidity in Payment Systems
    Staff Reports, Federal Reserve Bank of New York Downloads View citations (19)
    See also Journal Article Precautionary Demand and Liquidity in Payment Systems, Journal of Money, Credit and Banking, Blackwell Publishing (2011) Downloads View citations (13) (2011)

2007

  1. Coordinating Expectations in Monetary Policy
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (3)
    See also Chapter Coordinating Expectations in Monetary Policy, Chapters, Edward Elgar Publishing (2008) Downloads View citations (3) (2008)
  2. Fire Sales, Foreign Entry and Bank Liquidity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
  3. Fire-sale FDI
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (12)
    See also Journal Article Fire Sale FDI, Korean Economic Review, Korean Economic Association (2011) Downloads View citations (21) (2011)
  4. The Broad Yen Carry Trade
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (14)
    See also Chapter The Broad Yen Carry Trade, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2009) Downloads (2009)

2006

  1. Endogenous Public Signals and Coordination
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (5)
  2. Optimal Communication
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (3)
    See also Journal Article Optimal Communication, Journal of the European Economic Association, MIT Press (2007) Downloads View citations (42) (2007)
  3. Risk and liquidity in a system context
    BIS Working Papers, Bank for International Settlements Downloads View citations (13)
    See also Journal Article Risk and liquidity in a system context, Journal of Financial Intermediation, Elsevier (2008) Downloads View citations (85) (2008)

2005

  1. Liquidity risk and contagion
    Bank of England working papers, Bank of England Downloads View citations (510)
    See also Journal Article Liquidity Risk and Contagion, Journal of the European Economic Association, MIT Press (2005) Downloads View citations (509) (2005)
  2. Marking to Market, Liquidity, and Financial Stability
    Sciences Po publications, Sciences Po Downloads View citations (5)
    Also in Working Papers, HAL (2005) Downloads View citations (5)

    See also Journal Article Marking to Market, Liquidity, and Financial Stability, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2005) Downloads View citations (7) (2005)
  3. Optimal collective action clause thresholds
    Bank of England working papers, Bank of England Downloads View citations (9)

2004

  1. Beauty Contests, Bubbles and Iterated Expectations in Asset Markets
    Yale School of Management Working Papers, Yale School of Management Downloads View citations (23)
    Also in NajEcon Working Paper Reviews, www.najecon.org (2003) Downloads View citations (33)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) Downloads View citations (23)
  2. Catalytic Finance: When Does It Work?
    Yale School of Management Working Papers, Yale School of Management Downloads View citations (5)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) Downloads View citations (26)

    See also Journal Article Catalytic finance: When does it work?, Journal of International Economics, Elsevier (2006) Downloads View citations (108) (2006)
  3. Communication and Monetary Policy
    Yale School of Management Working Papers, Yale School of Management Downloads View citations (11)
    Also in Levine's Working Paper Archive, David K. Levine (2003) Downloads View citations (30)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) Downloads View citations (16)
    BIS Working Papers, Bank for International Settlements (2003) Downloads View citations (24)

    See also Journal Article Communication and Monetary Policy, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2002) View citations (118) (2002)
  4. Fair Value Reporting Standards and Market Volatility
    Sciences Po publications, Sciences Po Downloads View citations (3)
    Also in Post-Print, HAL (2004) Downloads View citations (2)
  5. Heterogeneity and Uniqueness in Interaction Games
    Yale School of Management Working Papers, Yale School of Management Downloads View citations (1)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) Downloads View citations (8)
  6. Liquidity Black Holes
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (129)
    Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) Downloads View citations (8)
    Yale School of Management Working Papers, Yale School of Management (2004) Downloads View citations (129)
    Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (129)

    See also Journal Article Liquidity Black Holes, Review of Finance, European Finance Association (2004) Downloads View citations (132) (2004)
  7. Opening and Closing the Market: Evidence from the London Stock Exchange
    FMG Discussion Papers, Financial Markets Group Downloads View citations (4)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2004) Downloads View citations (1)

    See also Journal Article Opening and Closing the Market: Evidence from the London Stock Exchange, Journal of Financial and Quantitative Analysis, Cambridge University Press (2005) Downloads View citations (33) (2005)
  8. Public and Private Information in Monetary Policy Models
    Econometric Society 2004 North American Winter Meetings, Econometric Society Downloads View citations (2)
    Also in BIS Working Papers, Bank for International Settlements (2003) Downloads View citations (80)
    Levine's Bibliography, UCLA Department of Economics (2003) Downloads View citations (83)
    Computing in Economics and Finance 2003, Society for Computational Economics (2003) Downloads View citations (81)
  9. Regulating Financial Conglomerates
    Working Paper Research, National Bank of Belgium Downloads View citations (22)
  10. The impact of risk regulation on price dynamics
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads View citations (79)
    See also Journal Article The impact of risk regulation on price dynamics, Journal of Banking & Finance, Elsevier (2004) Downloads View citations (101) (2004)

2003

  1. Analytics of sovereign debt restructuring
    Bank of England working papers, Bank of England Downloads View citations (14)
    See also Journal Article Analytics of sovereign debt restructuring, Journal of International Economics, Elsevier (2005) Downloads View citations (31) (2005)
  2. 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 Downloads
  3. Catalytic Finance
    Levine's Working Paper Archive, David K. Levine Downloads
  4. Debt maturity structure with pre-emptive creditors
    Bank of England working papers, Bank of England Downloads
    See also Journal Article Debt maturity structure with pre-emptive creditors, Economics Letters, Elsevier (2004) Downloads View citations (4) (2004)
  5. Positive feedback trading under stress: Evidence from the US Treasury securities market
    BIS Working Papers, Bank for International Settlements Downloads View citations (34)
    See also Chapter Positive feedback trading under stress: evidence from the US Treasury securities market, BIS Papers chapters, Bank for International Settlements (2002) Downloads View citations (10) (2002)

2002

  1. Coordination Risk and the Price of Debt
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (6)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) Downloads View citations (11)
    FMG Discussion Papers, Financial Markets Group (2001) Downloads View citations (13)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1999) Downloads View citations (23)

    See also Journal Article Coordination risk and the price of debt, European Economic Review, Elsevier (2004) Downloads View citations (226) (2004)
  2. 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 Downloads View citations (1)
    Also in Bank of England working papers, Bank of England (2001) Downloads View citations (10)
    FMG Discussion Papers, Financial Markets Group (2001) Downloads View citations (5)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) Downloads View citations (7)

    See also Journal Article Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises, Journal of International Economics, Elsevier (2004) Downloads View citations (39) (2004)
  3. Disclosures and Asset Returns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) Downloads
    FMG Discussion Papers, Financial Markets Group (2001) Downloads

    See also Journal Article Disclosures and Asset Returns, Econometrica, Econometric Society (2003) View citations (76) (2003)
  4. Foreshadowing LTCM: the crisis of 1763
    Papers, Sonderforschungsbreich 504 Downloads View citations (6)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2001) Downloads View citations (6)
    Papers, Sonderforschungsbreich 504 (2001) View citations (3)

2001

  1. An Academic Response to Basel II
    FMG Special Papers, Financial Markets Group Downloads
  2. Asset Price Dynamics with Value-at-Risk Constrained Traders
    FMG Discussion Papers, Financial Markets Group Downloads View citations (9)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) Downloads
  3. Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
    FMG Discussion Papers, Financial Markets Group Downloads View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2000) Downloads View citations (19)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) Downloads View citations (11)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) Downloads View citations (13)

    See also Journal Article Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders, The Review of Economic Studies, Review of Economic Studies Ltd (2004) Downloads View citations (156) (2004)
  4. Global Games: Theory and Applications
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (55)
    Also in Levine's Working Paper Archive, David K. Levine (2001) Downloads View citations (108)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) Downloads View citations (50)
  5. The CNBC Effect: Welfare Effects of Public Information
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (3)

2000

  1. Rethinking Multiple Equilibria in Macroeconomic Modelling
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University Downloads View citations (139)
    See also Chapter Rethinking Multiple Equilibria in Macroeconomic Modeling, NBER Chapters, National Bureau of Economic Research, Inc (2001) Downloads View citations (64) (2001)
  2. Welfare effects of public information
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank Downloads View citations (7)

1998

  1. A Theory of the Onset of Currency Attacks
    Economics Papers, Economics Group, Nuffield College, University of Oxford View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) Downloads View citations (7)
    Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (1998) Downloads View citations (21)

1997

  1. Adversarial and Inquisitorial Procedures in Arbitration
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in Economics Papers, Economics Group, Nuffield College, University of Oxford (1996)

    See also Journal Article Adversarial and Inquisitorial Procedures in Arbitration, RAND Journal of Economics, The RAND Corporation (1998) Downloads View citations (103) (1998)
  2. 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 Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility, The B.E. Journal of Theoretical Economics, De Gruyter (2002) Downloads View citations (6) (2002)
  3. Unique Equilibrium in a Model of Self-fulfilling Currency Attacks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (18)
    Also in Economics Papers, Economics Group, Nuffield College, University of Oxford (1996) View citations (73)

    See also Journal Article Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks, American Economic Review, American Economic Association (1998) Downloads View citations (814) (1998)

1996

  1. 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

  1. A Violation of Dominance anf the Consumption Value of Gambling
    Working Papers, University of Southampton - Department of Accounting and Management Science View citations (1)
  2. Informational events that trigger currency attacks
    Working Papers, Federal Reserve Bank of Philadelphia View citations (9)

1992

  1. Sophisticated Bounded Agents Play the Repeated Dilemma
    Economics Series Working Papers, University of Oxford, Department of Economics View citations (1)

1989

  1. 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

  1. "Weight of Money" Pricing and Speculative Dynamics
    GSIA Working Papers, Carnegie Mellon University, Tepper School of Business Downloads
  2. 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 Downloads View citations (29)
    Also in Penn CARESS Working Papers, Penn Economics Department Downloads
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences Downloads

Journal Articles

2023

  1. The fintech gender gap
    Journal of Financial Intermediation, 2023, 54, (C) Downloads View citations (6)
    See also Working Paper The fintech gender gap, BIS Working Papers (2021) Downloads View citations (20) (2021)

2022

  1. Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier
    Annual Review of Economics, 2022, 14, (1), 697-721 Downloads View citations (14)
    See also Working Paper Central bank digital currencies: motives, economic implications and the research frontier, BIS Working Papers (2021) Downloads View citations (7) (2021)
  2. Dividends and Bank Capital in the Global Financial Crisis of 2007-2009
    Journal of Financial Crises, 2022, 4, (2), 1-39 Downloads View citations (2)
  3. Dollar beta and stock returns
    Oxford Open Economics, 2022, 1, 1-10 Downloads View citations (4)
    See also Working Paper Dollar beta and stock returns, BIS Working Papers (2022) Downloads View citations (6) (2022)
  4. Overcoming Original Sin
    Journal of Globalization and Development, 2022, 13, (2), 411-433 Downloads View citations (1)

2021

  1. INTERNATIONAL CREDIT TO EMERGING MARKET ECONOMIES DURING THE COVID-19 CRISIS
    Financial Stability Review, 2021, 61-70 Downloads
  2. Offshore EME bond issuance and the transmission channels of global liquidity
    Journal of International Money and Finance, 2021, 112, (C) Downloads View citations (5)
  3. Outward portfolio investment and dollar funding in emerging Asia
    BIS Quarterly Review, 2021 Downloads View citations (6)

2020

  1. Bond Risk Premia and The Exchange Rate
    Journal of Money, Credit and Banking, 2020, 52, (S2), 497-520 Downloads View citations (23)
    See also Working Paper Bond risk premia and the exchange rate, BIS Working Papers (2019) Downloads View citations (20) (2019)
  2. Currency Depreciation and Emerging Market Corporate Distress
    Management Science, 2020, 66, (5), 1935-1961 Downloads View citations (12)
    See also Working Paper Currency depreciation and emerging market corporate distress, CEPR Discussion Papers (2018) Downloads View citations (6) (2018)
  3. Design of Microgrid Protection Schemes Using PSCAD/EMTDC and ETAP Programs
    Energies, 2020, 13, (21), 1-19 Downloads
  4. The Dollar, Bank Leverage, and Real Economic Activity: An Evolving Relationship
    AEA Papers and Proceedings, 2020, 110, 529-34 Downloads View citations (12)
    See also Working Paper The dollar, bank leverage and real economic activity: an evolving relationship, BIS Working Papers (2020) Downloads View citations (13) (2020)

2019

  1. BigTech and the changing structure of financial intermediation
    Economic Policy, 2019, 34, (100), 761-799 Downloads View citations (93)
    See also Working Paper BigTech and the changing structure of financial intermediation, BIS Working Papers (2019) Downloads View citations (109) (2019)
  2. Financial conditions and purchasing managers' indices: exploring the links
    BIS Quarterly Review, 2019 Downloads View citations (2)
  3. Following the imprint of the ECB's asset purchase programme on global bond and deposit flows
    BIS Quarterly Review, 2019 Downloads View citations (5)
  4. Risk‐taking channel of monetary policy
    Financial Management, 2019, 48, (3), 725-738 Downloads View citations (11)
    See also Working Paper Risk-Taking Channel of Monetary Policy, CEPR Discussion Papers (2018) Downloads View citations (6) (2018)
  5. The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment
    IMF Economic Review, 2019, 67, (1), 151-173 Downloads View citations (63)
  6. The Dollar, Bank Leverage, and Deviations from Covered Interest Parity
    American Economic Review: Insights, 2019, 1, (2), 193-208 Downloads View citations (86)
    See also Working Paper The dollar, bank leverage and the deviation from covered interest parity, BIS Working Papers (2016) Downloads View citations (69) (2016)

2018

  1. Central Bank Forward Guidance and the Signal Value of Market Prices
    AEA Papers and Proceedings, 2018, 108, 572-77 Downloads View citations (20)
    See also Working Paper Central bank forward guidance and the signal value of market prices, BIS Working Papers (2018) Downloads View citations (20) (2018)
  2. Exchange Rates and the Working Capital Channel of Trade Fluctuations
    AEA Papers and Proceedings, 2018, 108, 531-36 Downloads View citations (29)
  3. Exchange rates and monetary spillovers
    Theoretical Economics, 2018, 13, (2) Downloads View citations (8)
    See also Working Paper Exchange Rates and Monetary Spillovers, SciencePo Working papers Main (2018) Downloads (2018)
  4. Investor Redemptions and Fund Manager Sales of Emerging Market Bonds: How Are They Related?*
    (Borrow cheap, buy high? The determinants of leverage and pricing in buyouts)
    Review of Finance, 2018, 22, (1), 207-241 Downloads View citations (6)
    See also Working Paper Investor redemptions and fund manager sales of emerging market bonds: how are they related?, BIS Working Papers (2015) Downloads View citations (41) (2015)
  5. Liquidity, Leverage, and Regulation 10 Years After the Global Financial Crisis
    Annual Review of Financial Economics, 2018, 10, (1), 1-24 Downloads View citations (16)
  6. Tracking the international footprints of global firms
    BIS Quarterly Review, 2018 Downloads View citations (42)
  7. Why bank capital matters for monetary policy
    Journal of Financial Intermediation, 2018, 35, (PB), 17-29 Downloads View citations (168)
    See also Working Paper Why bank capital matters for monetary policy, BIS Working Papers (2016) Downloads View citations (110) (2016)

2017

  1. Bank Capital and Dividend Externalities
    The Review of Financial Studies, 2017, 30, (3), 988-1018 Downloads View citations (35)
    See also Working Paper Bank capital and dividend externalities, BIS Working Papers (2016) Downloads View citations (8) (2016)
  2. Comparative assessment of macroprudential policies
    Journal of Financial Stability, 2017, 28, (C), 183-202 Downloads View citations (152)
    See also Working Paper Comparative assessment of macroprudential policies, BIS Working Papers (2015) Downloads View citations (58) (2015)
  3. Global Dollar Credit and Carry Trades: A Firm-Level Analysis
    The Review of Financial Studies, 2017, 30, (3), 703-749 Downloads View citations (101)
    See also Working Paper Global dollar credit and carry trades: a firm-level analysis, BIS Working Papers (2015) Downloads View citations (48) (2015)
  4. Global Liquidity: A Selective Review
    Annual Review of Economics, 2017, 9, (1), 587-612 Downloads View citations (15)
  5. Redemption risk and cash hoarding by asset managers
    Journal of Monetary Economics, 2017, 89, (C), 71-87 Downloads View citations (62)
    See also Working Paper Redemption risk and cash hoarding by asset managers, BIS Working Papers (2017) Downloads View citations (66) (2017)
  6. The Hunt for Duration: Not Waving but Drowning?
    IMF Economic Review, 2017, 65, (1), 113-153 Downloads View citations (47)
    See also Working Paper The hunt for duration: not waving but drowning?, BIS Working Papers (2015) Downloads View citations (30) (2015)

2016

  1. Brand Performance Volatility from Marketing Spending
    Management Science, 2016, 62, (1), 197-215 Downloads View citations (4)
  2. Breaking free of the triple coincidence in international finance
    Economic Policy, 2016, 31, (87), 409-451 Downloads View citations (61)
    See also Chapter Breaking free of the triple coincidence in international finance, IFC Bulletins chapters, 2017, 43 (2017) Downloads (2017)
    Working Paper Breaking free of the triple coincidence in international finance, BIS Working Papers (2015) Downloads View citations (47) (2015)
  3. Common belief foundations of global games
    Journal of Economic Theory, 2016, 163, (C), 826-848 Downloads View citations (20)
    See also Working Paper Common Belief Foundations of Global Games, Working Papers (2015) Downloads View citations (3) (2015)
  4. ILLIQUIDITY COMPONENT OF CREDIT RISK – THE 2015 LAWRENCE R. KLEIN LECTURE
    International Economic Review, 2016, 57, (4), 1135-1148 Downloads View citations (7)
  5. 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 Downloads View citations (2)

2015

  1. Capital flows and the risk-taking channel of monetary policy
    Journal of Monetary Economics, 2015, 71, (C), 119-132 Downloads View citations (538)
    See also Working Paper Capital Flows and the Risk-Taking Channel of Monetary Policy, NBER Working Papers (2013) Downloads View citations (69) (2013)
  2. Cross-Border Banking and Global Liquidity
    The Review of Economic Studies, 2015, 82, (2), 535-564 Downloads View citations (383)
    See also Working Paper Cross-border banking and global liquidity, BIS Working Papers (2014) Downloads View citations (176) (2014)
  3. Global liquidity through the lens of monetary aggregates
    Economic Policy, 2015, 30, (82), 231-290 Downloads View citations (23)
    See also Working Paper Global Liquidity through the Lens of Monetary Aggregates, IMF Working Papers (2014) Downloads View citations (27) (2014)
  4. Oil and debt
    BIS Quarterly Review, 2015 Downloads View citations (21)
  5. What does the new face of international financial intermediation mean for emerging market economies?
    Financial Stability Review, 2015, (19), 25-36 Downloads View citations (14)

2014

  1. Assessing Macroprudential Policies: Case of South Korea
    Scandinavian Journal of Economics, 2014, 116, (1), 128-157 Downloads View citations (57)
  2. Globalization of corporate risk taking
    Journal of International Business Studies, 2014, 45, (7), 800-820 Downloads View citations (18)
  3. Non-financial corporations from emerging market economies and capital flows
    BIS Quarterly Review, 2014 Downloads View citations (80)
  4. Procyclical Leverage and Value-at-Risk
    The Review of Financial Studies, 2014, 27, (2), 373-403 Downloads View citations (270)
    See also Working Paper Procyclical Leverage and Value-at-Risk, NBER Working Papers (2013) Downloads View citations (87) (2013)

2013

  1. A Theory of Arbitrage Capital
    The Review of Corporate Finance Studies, 2013, 2, (1), 62-97 Downloads View citations (17)
  2. Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group
    Journal of Applied Corporate Finance, 2013, 25, (4), 37-40 Downloads View citations (6)
  3. Commentary on Robert E. Hall 'The routes into and out of the Zero Lower Bound'
    Proceedings - Economic Policy Symposium - Jackson Hole, 2013 Downloads
  4. Monetary Aggregates and the Central Bank’s Financial Stability Mandate
    International Journal of Central Banking, 2013, 9, (1), 69-108 Downloads View citations (15)
  5. Noncore Bank Liabilities and Financial Vulnerability
    Journal of Money, Credit and Banking, 2013, 45, (s1), 3-36 Downloads View citations (47)
    Also in Journal of Money, Credit and Banking, 2013, 45, 3-36 (2013) Downloads View citations (149)

    See also Working Paper Non-Core Bank Liabilities and Financial Vulnerability, NBER Working Papers (2012) Downloads View citations (27) (2012)
  6. The second phase of global liquidity and its impact on emerging economies
    Proceedings, 2013, (Nov), 1-10 Downloads View citations (61)
    See also Chapter The Second Phase of Global Liquidity and Its Impact on Emerging Economies, Palgrave Macmillan Books, 2014, 247-257 (2014) View citations (31) (2014)
  7. Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009
    NBER Macroeconomics Annual, 2013, 27, (1), 159 - 214 Downloads View citations (102)
    See also Chapter Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009, NBER Chapters, 2012, 159-214 (2012) Downloads View citations (97) (2012)

2012

  1. Adapting Macroprudential Policies to Global Liquidity Conditions
    Journal Economía Chilena (The Chilean Economy), 2012, 15, (2), 33-65 Downloads View citations (3)
    See also Working Paper Adapting Macropudential Policies to Global Liquidity Conditions, Working Papers Central Bank of Chile (2012) Downloads View citations (3) (2012)
    Chapter Adapting Macroprudential Policies to Global Liquidity Conditions, Central Banking, Analysis, and Economic Policies Book Series, 2014, 18, 25-67 (2014) Downloads View citations (2) (2014)
  2. Comment
    NBER Macroeconomics Annual, 2012, 26, (1), 195 - 230 Downloads
  3. Contagious Adverse Selection
    American Economic Journal: Macroeconomics, 2012, 4, (1), 1-21 Downloads View citations (36)
    See also Working Paper Contagious Adverse Selection, Working Papers (2010) Downloads View citations (4) (2010)
  4. Endogenous Extreme Events and the Dual Role of Prices
    Annual Review of Economics, 2012, 4, (1), 111-129 Downloads View citations (14)
  5. Global Banking Glut and Loan Risk Premium
    IMF Economic Review, 2012, 60, (2), 155-192 Downloads View citations (319)
  6. Mitigating Systemic Spillovers from Currency Hedging
    National Institute Economic Review, 2012, 221, R44-R56 Downloads View citations (4)
    Also in National Institute Economic Review, 2012, 221, (1), R44-R56 (2012) Downloads View citations (5)

    See also Working Paper Mitigating Systemic Spillovers from Currency Hedging, Working Papers (2012) Downloads View citations (4) (2012)
    Chapter Mitigating Systemic Spillovers from Currency Hedging, Palgrave Macmillan Books, 2014, 217-244 (2014) (2014)
  7. Sustaining Production Chains through Financial Linkages
    American Economic Review, 2012, 102, (3), 402-06 Downloads View citations (58)

2011

  1. Crisis Resolution and Bank Liquidity
    The Review of Financial Studies, 2011, 24, (6), 2166-2205 Downloads View citations (144)
    See also Working Paper Crisis Resolution and Bank Liquidity, NBER Working Papers (2009) Downloads View citations (14) (2009)
  2. Financial Intermediary Balance Sheet Management
    Annual Review of Financial Economics, 2011, 3, (1), 289-307 Downloads View citations (61)
    See also Working Paper Financial intermediary balance sheet management, Staff Reports (2011) Downloads View citations (53) (2011)
  3. Fire Sale FDI
    Korean Economic Review, 2011, 27, 163-202 Downloads View citations (21)
    See also Working Paper Fire-sale FDI, CEPR Discussion Papers (2007) Downloads View citations (12) (2007)
  4. Macroprudential policies in open emerging economies
    Proceedings, 2011, (Nov), 63-114 Downloads View citations (1)
    See also Working Paper Macroprudential Policies in Open Emerging Economies, NBER Working Papers (2012) Downloads View citations (50) (2012)
  5. Precautionary Demand and Liquidity in Payment Systems
    Journal of Money, Credit and Banking, 2011, 43, (s2), 589-619 Downloads View citations (13)
    Also in Journal of Money, Credit and Banking, 2011, 43, 589-619 (2011) Downloads View citations (32)

    See also Working Paper Precautionary Demand and Liquidity in Payment Systems, Staff Reports (2008) Downloads View citations (19) (2008)

2010

  1. Liquidity and leverage
    Journal of Financial Intermediation, 2010, 19, (3), 418-437 Downloads View citations (1141)
    See also Working Paper Liquidity and leverage, Staff Reports (2008) Downloads View citations (82) (2008)
  2. Macro Risk Premium and Intermediary Balance Sheet Quantities
    IMF Economic Review, 2010, 58, (1), 179-207 Downloads View citations (70)
    See also Working Paper Macro risk premium and intermediary balance sheet quantities, Staff Reports (2010) Downloads View citations (49) (2010)
  3. The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009
    Annual Review of Economics, 2010, 2, (1), 603-618 Downloads View citations (172)
  4. The Squam Lake Report: Fixing the Financial System
    Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 Downloads View citations (119)
    See also Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (109) (2010)

2009

  1. 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) Downloads
  2. From Mary Poppins to Northern Rock: reflections of modern bank runs
    Mercato Concorrenza Regole, 2009, (1), 79-94 Downloads View citations (2)
  3. Money, Liquidity, and Monetary Policy
    American Economic Review, 2009, 99, (2), 600-605 Downloads View citations (272)
    See also Working Paper Money, liquidity, and monetary policy, Staff Reports (2009) Downloads View citations (201) (2009)
  4. Prices and Quantities in the Monetary Policy Transmission Mechanism
    International Journal of Central Banking, 2009, 5, (4), 131-142 Downloads View citations (35)
    See also Working Paper Prices and quantities in the monetary policy transmission mechanism, Staff Reports (2009) Downloads View citations (25) (2009)
  5. Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis
    Journal of Economic Perspectives, 2009, 23, (1), 101-19 Downloads View citations (243)
  6. Securitisation and Financial Stability
    Economic Journal, 2009, 119, (536), 309-332 Downloads View citations (86)
  7. The shadow banking system: implications for fi nancial regulation
    Financial Stability Review, 2009, (13), 1-10 Downloads View citations (45)
    See also Working Paper The shadow banking system: implications for financial regulation, Staff Reports (2009) Downloads View citations (62) (2009)
  8. Yen Carry Trade and the Subprime Crisis
    IMF Staff Papers, 2009, 56, (2), 384-409 Downloads View citations (22)

2008

  1. Fair value accounting and financial stability
    Financial Stability Review, 2008, (12), 85-94 Downloads View citations (22)
    See also Working Paper Fair Value Accounting and Financial Stability, Post-Print (2008) Downloads View citations (16) (2008)
  2. Financial Regulation in a System Context
    Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 229-274 Downloads View citations (77)
  3. Financial intermediaries, financial stability and monetary policy
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 287-334 Downloads View citations (49)
    See also Working Paper Financial intermediaries, financial stability, and monetary policy, Staff Reports (2008) Downloads View citations (66) (2008)
  4. Liquidity and financial contagion
    Financial Stability Review, 2008, (11), 1-7 Downloads View citations (65)
  5. Liquidity, monetary policy, and financial cycles
    Current Issues in Economics and Finance, 2008, 14, (Jan) Downloads View citations (138)
  6. Marking‐to‐Market: Panacea or Pandora's Box?
    Journal of Accounting Research, 2008, 46, (2), 435-460 Downloads View citations (195)
    See also Working Paper Marking-to-Market: Panacea or Pandora's Box?, Post-Print (2008) View citations (18) (2008)
  7. Risk and liquidity in a system context
    Journal of Financial Intermediation, 2008, 17, (3), 315-329 Downloads View citations (85)
    See also Working Paper Risk and liquidity in a system context, BIS Working Papers (2006) Downloads View citations (13) (2006)

2007

  1. 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 Downloads View citations (2)
  2. Optimal Communication
    Journal of the European Economic Association, 2007, 5, (2-3), 594-602 Downloads View citations (42)
    See also Working Paper Optimal Communication, Levine's Bibliography (2006) Downloads View citations (3) (2006)
  3. Transparency, Communication and Commitment
    International Journal of Central Banking, 2007, 3, (1) Downloads

2006

  1. Beauty Contests and Iterated Expectations in Asset Markets
    The Review of Financial Studies, 2006, 19, (3), 719-752 Downloads View citations (247)
  2. Catalytic finance: When does it work?
    Journal of International Economics, 2006, 70, (1), 161-177 Downloads View citations (108)
    See also Working Paper Catalytic Finance: When Does It Work?, Yale School of Management Working Papers (2004) Downloads View citations (5) (2004)
  3. Disclosure Risk and Price Drift
    Journal of Accounting Research, 2006, 44, (2), 351-379 Downloads View citations (22)
  4. Imperfect common knowledge and the information value of prices
    Economic Theory, 2006, 27, (1), 213-241 Downloads View citations (30)
  5. Inertia of Forward-Looking Expectations
    American Economic Review, 2006, 96, (2), 152-157 Downloads View citations (26)
  6. Social Value of Public Information: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con: Reply
    American Economic Review, 2006, 96, (1), 453-455 Downloads View citations (166)
  7. Staggered Pricing Models Face the Facts
    International Journal of Central Banking, 2006, 2, (3) Downloads

2005

  1. Analytics of sovereign debt restructuring
    Journal of International Economics, 2005, 65, (2), 315-333 Downloads View citations (31)
    See also Working Paper Analytics of sovereign debt restructuring, Bank of England working papers (2003) Downloads View citations (14) (2003)
  2. Central Bank Transparency and the Signal Value of Prices
    Brookings Papers on Economic Activity, 2005, 36, (2), 1-66 Downloads View citations (116)
  3. Commentary: has financial development made the world riskier?
    Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 381-386 Downloads View citations (2)
  4. Liquidity Risk and Contagion
    Journal of the European Economic Association, 2005, 3, (2-3), 556-566 Downloads View citations (509)
    See also Working Paper Liquidity risk and contagion, Bank of England working papers (2005) Downloads View citations (510) (2005)
  5. Liquidity and Twin Crises
    Economic Notes, 2005, 34, (3), 257-277 Downloads View citations (6)
  6. Marking to Market, Liquidity, and Financial Stability
    Monetary and Economic Studies, 2005, 23, (S1), 133-155 Downloads View citations (7)
    See also Working Paper Marking to Market, Liquidity, and Financial Stability, Sciences Po publications (2005) Downloads View citations (5) (2005)
  7. Opening and Closing the Market: Evidence from the London Stock Exchange
    Journal of Financial and Quantitative Analysis, 2005, 40, (4), 779-801 Downloads View citations (33)
    See also Working Paper Opening and Closing the Market: Evidence from the London Stock Exchange, FMG Discussion Papers (2004) Downloads View citations (4) (2004)

2004

  1. Coordination risk and the price of debt
    European Economic Review, 2004, 48, (1), 133-153 Downloads View citations (226)
    See also Working Paper Coordination Risk and the Price of Debt, Cowles Foundation Discussion Papers (2002) Downloads View citations (6) (2002)
  2. Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises
    Journal of International Economics, 2004, 62, (2), 245-262 Downloads View citations (39)
    See also Working Paper Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises, Departmental Working Papers (2002) Downloads View citations (1) (2002)
  3. Debt maturity structure with pre-emptive creditors
    Economics Letters, 2004, 85, (2), 195-200 Downloads View citations (4)
    See also Working Paper Debt maturity structure with pre-emptive creditors, Bank of England working papers (2003) Downloads (2003)
  4. Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders
    The Review of Economic Studies, 2004, 71, (1), 87-113 Downloads View citations (156)
    See also Working Paper Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders, FMG Discussion Papers (2001) Downloads View citations (13) (2001)
  5. Liquidity Black Holes
    Review of Finance, 2004, 8, (1), 1-18 Downloads View citations (132)
    Also in Review of Finance, 2004, 8, (1), 1-18 (2004) Downloads View citations (133)

    See also Working Paper Liquidity Black Holes, Econometric Society 2004 North American Winter Meetings (2004) View citations (129) (2004)
  6. Liquidity and Contagion: The Crisis of 1763
    Journal of the European Economic Association, 2004, 2, (6), 929-968 Downloads View citations (81)
  7. The impact of risk regulation on price dynamics
    Journal of Banking & Finance, 2004, 28, (5), 1069-1087 Downloads View citations (101)
    See also Working Paper The impact of risk regulation on price dynamics, LSE Research Online Documents on Economics (2004) Downloads View citations (79) (2004)

2003

  1. Disclosures and Asset Returns
    Econometrica, 2003, 71, (1), 105-133 View citations (76)
    See also Working Paper Disclosures and Asset Returns, CEPR Discussion Papers (2002) Downloads (2002)

2002

  1. 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 Downloads View citations (3)
  2. Communication and Monetary Policy
    Oxford Review of Economic Policy, 2002, 18, (4), 495-503 View citations (118)
    See also Working Paper Communication and Monetary Policy, Yale School of Management Working Papers (2004) Downloads View citations (11) (2004)
  3. Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility
    The B.E. Journal of Theoretical Economics, 2002, 2, (1), 1-30 Downloads View citations (6)
    See also Working Paper Equilibrium Departures From Common Knowledge in Games With Non-Additive Expected Utility, Economics Papers (1997) View citations (1) (1997)
  4. Positive feedback trading in the US Treasurey market
    BIS Quarterly Review, 2002 Downloads
  5. Social Value of Public Information
    American Economic Review, 2002, 92, (5), 1521-1534 Downloads View citations (1051)
  6. The Assessment: Games and Coordination
    Oxford Review of Economic Policy, 2002, 18, (4), 397-417 View citations (10)

1999

  1. Introduction
    The Review of Economic Studies, 1999, 66, (1), 1-2 Downloads
  2. Risk Management with Interdependent Choice
    Oxford Review of Economic Policy, 1999, 15, (3), 52-62 View citations (34)

1998

  1. Adversarial and Inquisitorial Procedures in Arbitration
    RAND Journal of Economics, 1998, 29, (2), 378-405 Downloads View citations (103)
    See also Working Paper Adversarial and Inquisitorial Procedures in Arbitration, CEPR Discussion Papers (1997) Downloads (1997)
  2. International Environmental Agreements under Uncertainty
    Oxford Economic Papers, 1998, 50, (2), 173-85 View citations (43)
  3. Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks
    American Economic Review, 1998, 88, (3), 587-97 Downloads View citations (814)
    See also Working Paper Unique Equilibrium in a Model of Self-fulfilling Currency Attacks, CEPR Discussion Papers (1997) Downloads View citations (18) (1997)

1997

  1. 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)
  2. Editorial Announcement
    The Review of Economic Studies, 1997, 64, (4), 485 Downloads
  3. 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

  1. Comparing the Robustness of Trading Systems to Higher-Order Uncertainty
    The Review of Economic Studies, 1996, 63, (1), 39-59 Downloads View citations (13)
  2. How Much Common Belief Is Necessary for a Convention?
    Games and Economic Behavior, 1996, 13, (2), 252-268 Downloads View citations (10)

1995

  1. Dominance and Belief Potential
    Econometrica, 1995, 63, (1), 145-57 Downloads View citations (41)
    See also Working Paper p-dominance and Belief Potential, Levine's Working Paper Archive (2010) Downloads View citations (1) (2010)

1994

  1. News Management and the Value of Firms
    RAND Journal of Economics, 1994, 25, (1), 58-71 Downloads View citations (74)
  2. The Burden of Proof in a Game of Persuasion
    Journal of Economic Theory, 1994, 64, (1), 253-264 Downloads View citations (111)

1993

  1. Logical Structure of Common Knowledge
    Journal of Economic Theory, 1993, 60, (1), 1-13 Downloads View citations (15)
  2. Measuring the Incidence of Insider Trading in a Market for State-Contingent Claims
    Economic Journal, 1993, 103, (420), 1141-53 Downloads View citations (80)

1992

  1. A Comment on a Model of Vertical Product Differentiation
    Journal of Industrial Economics, 1992, 40, (2), 229-31 Downloads View citations (140)
  2. Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias
    Economic Journal, 1992, 102, (411), 426-35 Downloads View citations (80)
    See also Chapter PRICES OF STATE CONTINGENT CLAIMS WITH INSIDER TRADERS, AND THE FAVOURITE-LONGSHOT BIAS, World Scientific Book Chapters, 2008, 343-352 (2008) Downloads (2008)
  3. The Dynamics of Rational Deliberation, Brian Skyrms. Cambridge, MA: Harvard University Press, 1990, 199 pages
    Economics and Philosophy, 1992, 8, (1), 176-183 Downloads

1991

  1. Optimal Betting Odds against Insider Traders
    Economic Journal, 1991, 101, (408), 1179-85 Downloads View citations (72)

Books

2015

  1. Managing Elevated Risk
    Springer Books, Springer View citations (15)

2010

  1. Risk and Liquidity
    OUP Catalogue, Oxford University Press View citations (157)
  2. The Squam Lake Report: Fixing the Financial System
    Economics Books, Princeton University Press View citations (109)
    See also Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010) Downloads View citations (119) (2010)

Edited books

2023

  1. Macro-financial Stability Policy in a Globalised World: Lessons from International Experience:Selected Papers from the Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference
    World Scientific Books, World Scientific Publishing Co. Pte. Ltd. Downloads

2020

  1. Promoting Global Monetary and Financial Stability
    Cambridge Books, Cambridge University Press

2014

  1. Global Shock, Risks, and Asian Financial Reform
    Books, Edward Elgar Publishing Downloads View citations (8)
  2. Volatile Capital Flows in Korea
    Palgrave Macmillan Books, Palgrave Macmillan View citations (34)

Chapters

2023

  1. Lessons from Macro-Financial Policy in Korea
    Chapter 22 in MACRO-FINANCIAL STABILITY POLICY IN A GLOBALISED WORLD: LESSONS FROM INTERNATIONAL EXPERIENCE Selected Papers from the Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference, 2023, pp 436-469 Downloads
  2. Macro-Financial Stability Frameworks: Experience and Challenges
    Chapter 3 in MACRO-FINANCIAL STABILITY POLICY IN A GLOBALISED WORLD: LESSONS FROM INTERNATIONAL EXPERIENCE Selected Papers from the Asian Monetary Policy Forum 2021 Special Edition and MAS-BIS Conference, 2023, pp 2-49 Downloads View citations (1)
    See also Working Paper Macro-financial stability frameworks: experience and challenges, Bank for International Settlements (2022) Downloads View citations (2) (2022)
  3. Non-bank financial intermediaries and financial stability
    Chapter 7 in Research Handbook of Financial Markets, 2023, pp 147-170 Downloads
    See also Working Paper Non-bank Financial Intermediaries and Financial Stability, C.E.P.R. Discussion Papers (2022) Downloads (2022)

2021

  1. Big Techs in Finance: On the New Nexus Between Data Privacy and Competition
    Springer View citations (2)
    See also Working Paper Big techs in finance: on the new nexus between data privacy and competition, Bank for International Settlements (2021) Downloads View citations (2) (2021)
  2. 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 Downloads
    See also Working Paper Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics, Bank for International Settlements (2018) Downloads View citations (4) (2018)

2020

  1. 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 Downloads View citations (7)

2017

  1. Breaking free of the triple coincidence in international finance
    A chapter in Statistical implications of the new financial landscape, 2017, vol. 43 Downloads
    See also Working Paper Breaking free of the triple coincidence in international finance, Bank for International Settlements (2015) Downloads View citations (47) (2015)
    Journal Article Breaking free of the triple coincidence in international finance, CEPR, CESifo, Sciences Po (2016) Downloads View citations (61) (2016)

2016

  1. Macroprudential policies: indicators and tools
    Chapter 2 in Macroprudential Regulation of International Finance, 2016, pp 11-38 Downloads
  2. 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 Downloads View citations (17)
    See also Working Paper Risk Premium Shifts and Monetary Policy: A Coordination Approach, Princeton University, Department of Economics, Econometric Research Program. (2015) Downloads View citations (2) (2015)

2015

  1. 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 Downloads View citations (27)
  2. 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 Downloads View citations (7)

2014

  1. Adapting Macroprudential Policies to Global Liquidity Conditions
    Chapter 2 in Capital Mobility and Monetary Policy, 2014, vol. 18, pp 25-67 Downloads View citations (2)
    See also Journal Article Adapting Macroprudential Policies to Global Liquidity Conditions, Central Bank of Chile (2012) Downloads View citations (3) (2012)
    Working Paper Adapting Macropudential Policies to Global Liquidity Conditions, Central Bank of Chile (2012) Downloads View citations (3) (2012)
  2. Mitigating Systemic Spillovers from Currency Hedging
    Palgrave Macmillan
    See also Working Paper Mitigating Systemic Spillovers from Currency Hedging, Economic Research Institute, Bank of Korea (2012) Downloads View citations (4) (2012)
    Journal Article Mitigating Systemic Spillovers from Currency Hedging, National Institute of Economic and Social Research (2012) Downloads View citations (4) (2012)
  3. 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 Downloads
  4. 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 Downloads View citations (1)
  5. 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 Downloads
  6. Overview and summary
    Chapter 1 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 3-12 Downloads
  7. The Second Phase of Global Liquidity and Its Impact on Emerging Economies
    Palgrave Macmillan View citations (31)
    See also Journal Article The second phase of global liquidity and its impact on emerging economies, Federal Reserve Bank of San Francisco (2013) Downloads View citations (61) (2013)
  8. Why Macroprudential Policy? Brief Overview
    Palgrave Macmillan

2012

  1. Endogenous and Systemic Risk
    A chapter in Quantifying Systemic Risk, 2012, pp 73-94 Downloads View citations (21)
  2. Global Liquidity
    Chapter 10 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 91-100
  3. 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 Downloads View citations (97)
    See also Journal Article Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009, University of Chicago Press (2013) Downloads View citations (102) (2013)

2011

  1. Comment on "Risk Topography"
    A chapter in NBER Macroeconomics Annual 2011, Volume 26, 2011, pp 184-189 Downloads
  2. Macroprudential policies beyond Basel III
    A chapter in Macroprudential regulation and policy, 2011, vol. 60, pp 5-15 Downloads View citations (32)

2010

  1. Comment on "The Leverage Cycle"
    A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 75-84 Downloads
  2. Financial Intermediaries and Monetary Economics
    Chapter 12 in Handbook of Monetary Economics, 2010, vol. 3, pp 601-650 Downloads View citations (381)
    See also Working Paper Financial intermediaries and monetary economics, Federal Reserve Bank of New York (2009) Downloads View citations (28) (2009)
  3. Introduction
    A chapter in The Squam Lake Report: Fixing the Financial System, 2010 Downloads

2009

  1. The Broad Yen Carry Trade
    Chapter 11 in Globalization And Systemic Risk, 2009, pp 169-189 Downloads
    See also Working Paper The Broad Yen Carry Trade, Institute for Monetary and Economic Studies, Bank of Japan (2007) Downloads View citations (14) (2007)

2008

  1. Coordinating Expectations in Monetary Policy
    Chapter 5 in Central Banks as Economic Institutions, 2008 Downloads View citations (3)
    See also Working Paper Coordinating Expectations in Monetary Policy, UCLA Department of Economics (2007) Downloads View citations (3) (2007)
  2. 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 Downloads
    See also Journal Article Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias, Royal Economic Society (1992) Downloads View citations (80) (1992)

2005

  1. Financial System Liquidity, Asset prices and Monetary Policy
    A chapter in The Changing Nature of the Business Cycle, 2005 Downloads View citations (4)

2002

  1. 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 Downloads View citations (10)
    See also Working Paper Positive feedback trading under stress: Evidence from the US Treasury securities market, Bank for International Settlements (2003) Downloads View citations (34) (2003)

2001

  1. Rethinking Multiple Equilibria in Macroeconomic Modeling
    A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 139-182 Downloads View citations (64)
    See also Working Paper Rethinking Multiple Equilibria in Macroeconomic Modelling, Cowles Foundation for Research in Economics, Yale University (2000) Downloads View citations (139) (2000)
 
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