Details about Hyun Song Shin

E-mail:
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 2025-01-20. Update your information in the RePEc Author Service.

Short-id: psh692

---

Jump to Journal Articles Books Edited books Chapters

Working Papers

2024

1. Corporate payout policy: Are financial firms different?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in BIS Working Papers, Bank for International Settlements (2024)
2. Next generation correspondent banking
   BIS Bulletins, Bank for International Settlements
3. Original Sin Redux: Role of Duration Risk
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in BIS Working Papers, Bank for International Settlements (2023) View citations (7)
4. Testing the cognitive limits of large language models
   BIS Bulletins, Bank for International Settlements
5. Which exchange rate matters to global investors?
   BIS Working Papers, Bank for International Settlements

2023

6. International portfolio frictions
   BIS Working Papers, Bank for International Settlements View citations (1)
7. Mapping the realignment of global value chains
   BIS Bulletins, Bank for International Settlements
8. Margins, debt capacity, and systemic risk
   BIS Working Papers, Bank for International Settlements View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
9. Overcoming original sin: insights from a new dataset
   BIS Working Papers, Bank for International Settlements View citations (13)
10. Stablecoins versus tokenised deposits: implications for the singleness of money
    BIS Bulletins, Bank for International Settlements
11. The Bank of Amsterdam and the limits of fiat money
    BIS Working Papers, Bank for International Settlements View citations (4)
    Also in Working Papers, DNB (2023) View citations (4)
    See also Journal Article The Bank of Amsterdam and the Limits of Fiat Money, Journal of Political Economy, University of Chicago Press (2024) (2024)
12. Theory of supply chains: a working capital approach
    BIS Working Papers, Bank for International Settlements View citations (4)

2022

13. Central banks, the monetary system and public payment infrastructures: lessons from Brazil's Pix
    BIS Bulletins, Bank for International Settlements
14. Dollar beta and stock returns
    BIS Working Papers, Bank for International Settlements View citations (8)
    See also Journal Article Dollar beta and stock returns, Oxford Open Economics, Oxford University Press (2022) View citations (6) (2022)
15. How Abundant Are Reserves? Evidence from the Wholesale Payment System
    Research Papers, Stanford University, Graduate School of Business View citations (4)
    Also in BIS Working Papers, Bank for International Settlements (2022) View citations (4)
    Staff Reports, Federal Reserve Bank of New York (2022) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (4)
16. Macro-financial stability frameworks: experience and challenges
    BIS Working Papers, Bank for International Settlements View citations (4)
    See also Chapter Macro-Financial Stability Frameworks: Experience and Challenges, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2023) View citations (2) (2023)
17. 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 (12)
    See also Chapter Non-bank financial intermediaries and financial stability, Chapters, Edward Elgar Publishing (2023) (2023)
18. Risk capacity, portfolio choice and exchange rates
    BIS Working Papers, Bank for International Settlements View citations (4)

2021

19. Big techs in finance: on the new nexus between data privacy and competition
    BIS Working Papers, Bank for International Settlements View citations (5)
    See also Chapter Big Techs in Finance: On the New Nexus Between Data Privacy and Competition, Springer Books, Springer (2021) View citations (4) (2021)
20. Central bank digital currencies: motives, economic implications and the research frontier
    BIS Working Papers, Bank for International Settlements View citations (9)
    See also Journal Article Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier, Annual Review of Economics, Annual Reviews (2022) View citations (30) (2022)
21. Distributed Ledgers and the Governance of Money
    CESifo Working Paper Series, CESifo View citations (7)
    Also in BIS Working Papers, Bank for International Settlements (2021) View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
    Working Papers, Swiss National Bank, Study Center Gerzensee (2021) View citations (9)
22. Dollar and Exports
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in BIS Working Papers, Bank for International Settlements (2019) View citations (24)
    See also Journal Article Dollar and Exports, The Review of Financial Studies, Society for Financial Studies (2023) View citations (4) (2023)
23. Liquidity management and asset sales by bond funds in the face of investor redemptions in March 2020
    BIS Bulletins, Bank for International Settlements
24. Permissioned Distributed Ledgers and the Governance of Money
    Diskussionsschriften, Universitaet Bern, Departement Volkswirtschaft View citations (16)
25. Regulating big techs in finance
    BIS Bulletins, Bank for International Settlements
26. The fintech gender gap
    BIS Working Papers, Bank for International Settlements View citations (23)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (2)
    See also Journal Article The fintech gender gap, Journal of Financial Intermediation, Elsevier (2023) View citations (17) (2023)

2020

27. An early stablecoin? The Bank of Amsterdam and the governance of money
    Working Papers, DNB View citations (25)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (25)
28. Emerging market economy exchange rates and local currency bond markets amid the Covid-19 pandemic
    BIS Bulletins, Bank for International Settlements View citations (49)
29. Leverage and margin spirals in fixed income markets during the Covid-19 crisis
    BIS Bulletins, Bank for International Settlements View citations (83)
30. Low price-to-book ratios and bank dividend payout policies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (8)
31. The dollar, bank leverage and real economic activity: an evolving relationship
    BIS Working Papers, Bank for International Settlements View citations (16)
    See also Journal Article The Dollar, Bank Leverage, and Real Economic Activity: An Evolving Relationship, AEA Papers and Proceedings, American Economic Association (2020) View citations (13) (2020)
32. Trade credit, trade finance, and the Covid-19 Crisis
    BIS Bulletins, Bank for International Settlements View citations (22)

2019

33. BigTech and the changing structure of financial intermediation
    BIS Working Papers, Bank for International Settlements View citations (139)
    See also Journal Article BigTech and the changing structure of financial intermediation, Economic Policy, CEPR, CESifo, Sciences Po (2019) View citations (120) (2019)
34. Bond risk premia and the exchange rate
    BIS Working Papers, Bank for International Settlements View citations (21)
    See also Journal Article Bond Risk Premia and The Exchange Rate, Journal of Money, Credit and Banking, Blackwell Publishing (2020) View citations (29) (2020)
35. FX intervention and domestic credit: Evidence from high-frequency micro data
    BIS Working Papers, Bank for International Settlements View citations (39)
    Also in Borradores de Economia, Banco de la Republica de Colombia (2019) View citations (32)

2018

36. Central bank forward guidance and the signal value of market prices
    BIS Working Papers, Bank for International Settlements View citations (24)
    See also Journal Article Central Bank Forward Guidance and the Signal Value of Market Prices, AEA Papers and Proceedings, American Economic Association (2018) View citations (23) (2018)
37. Currency depreciation and emerging market corporate distress
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in BIS Working Papers, Bank for International Settlements (2018) View citations (6)
    See also Journal Article Currency Depreciation and Emerging Market Corporate Distress, Management Science, INFORMS (2020) View citations (18) (2020)
38. Exchange Rates and Monetary Spillovers
    SciencePo Working papers Main, HAL
    Also in Working Papers, HAL (2016)
    Post-Print, HAL (2018) View citations (5)
    BIS Working Papers, Bank for International Settlements (2016) View citations (1)
    SciencePo Working papers Main, HAL (2016)
    See also Journal Article Exchange rates and monetary spillovers, Theoretical Economics, Econometric Society (2018) View citations (8) (2018)
39. Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics
    BIS Working Papers, Bank for International Settlements View citations (5)
    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) (2021)
40. Liquidity, Leverage, and Regulation Ten Years after the Global Financial Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
41. Money and trust: lessons from the 1620s for money in the digital age
    BIS Working Papers, Bank for International Settlements View citations (17)
42. Risk-Taking Channel of Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    See also Journal Article Risk‐taking channel of monetary policy, Financial Management, Financial Management Association International (2019) View citations (12) (2019)

2017

43. Redemption risk and cash hoarding by asset managers
    BIS Working Papers, Bank for International Settlements View citations (80)
    See also Journal Article Redemption risk and cash hoarding by asset managers, Journal of Monetary Economics, Elsevier (2017) View citations (73) (2017)

2016

44. Bank capital and dividend externalities
    BIS Working Papers, Bank for International Settlements View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (14)
    See also Journal Article Bank Capital and Dividend Externalities, The Review of Financial Studies, Society for Financial Studies (2017) View citations (40) (2017)
45. Dynamic Leverage Asset Pricing
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (14)
    Also in Staff Reports, Federal Reserve Bank of New York (2013) View citations (10)
46. Illiquidity Component of Credit Risk
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (20)
47. Sovereign yields and the risk-taking channel of currency appreciation
    BIS Working Papers, Bank for International Settlements View citations (76)
48. The dollar, bank leverage and the deviation from covered interest parity
    BIS Working Papers, Bank for International Settlements View citations (70)
    See also Journal Article The Dollar, Bank Leverage, and Deviations from Covered Interest Parity, American Economic Review: Insights, American Economic Association (2019) View citations (108) (2019)
49. Why bank capital matters for monetary policy
    BIS Working Papers, Bank for International Settlements View citations (113)
    See also Journal Article Why bank capital matters for monetary policy, Journal of Financial Intermediation, Elsevier (2018) View citations (201) (2018)

2015

50. Breaking free of the triple coincidence in international finance
    BIS Working Papers, Bank for International Settlements View citations (47)
    See also Journal Article Breaking free of the triple coincidence in international finance, Economic Policy, CEPR, CESifo, Sciences Po (2016) View citations (68) (2016)
    Chapter Breaking free of the triple coincidence in international finance, IFC Bulletins chapters, Bank for International Settlements (2017) (2017)
51. 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 Common belief foundations of global games, Journal of Economic Theory, Elsevier (2016) View citations (22) (2016)
52. Comparative assessment of macroprudential policies
    BIS Working Papers, Bank for International Settlements View citations (58)
    See also Journal Article Comparative assessment of macroprudential policies, Journal of Financial Stability, Elsevier (2017) View citations (166) (2017)
53. Destabilizing carry trades
    Working Papers, HAL
    Also in SciencePo Working papers Main, HAL (2015)
    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)
54. Global dollar credit and carry trades: a firm-level analysis
    BIS Working Papers, Bank for International Settlements View citations (49)
    See also Journal Article Global Dollar Credit and Carry Trades: A Firm-Level Analysis, The Review of Financial Studies, Society for Financial Studies (2017) View citations (116) (2017)
55. Investor redemptions and fund manager sales of emerging market bonds: how are they related?
    BIS Working Papers, Bank for International Settlements 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) View citations (10) (2018)
56. News shocks, monetary policy, and foreign currency positions
    Staff Reports, Federal Reserve Bank of New York View citations (1)
57. On the scale of financial intermediaries
    Staff Reports, Federal Reserve Bank of New York View citations (15)
58. 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 Risk Premium Shifts and Monetary Policy: A Coordination Approach, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2016) View citations (17) (2016)
59. The hunt for duration: not waving but drowning?
    BIS Working Papers, Bank for International Settlements View citations (30)
    See also Journal Article The Hunt for Duration: Not Waving but Drowning?, IMF Economic Review, Palgrave Macmillan (2017) View citations (54) (2017)

2014

60. Cross-border banking and global liquidity
    BIS Working Papers, Bank for International Settlements View citations (181)
    See also Journal Article Cross-Border Banking and Global Liquidity, The Review of Economic Studies, Review of Economic Studies Ltd (2015) View citations (414) (2015)
61. Global Liquidity through the Lens of Monetary Aggregates
    IMF Working Papers, International Monetary Fund View citations (27)
    See also Journal Article Global liquidity through the lens of monetary aggregates, Economic Policy, CEPR, CESifo, Sciences Po (2015) View citations (24) (2015)
62. Mapping the Shadow Banking System Through a Global Flow of Funds Analysis
    IMF Working Papers, International Monetary Fund View citations (18)
63. The international monetary and financial system: a capital account historical perspective
    BIS Working Papers, Bank for International Settlements View citations (34)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2014) View citations (14)

2013

64. Assessing Macroprudential Policies: Case of Korea
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
65. Capital Flows and the Risk-Taking Channel of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (69)
    Also in BIS Working Papers, Bank for International Settlements (2012) View citations (50)
    See also Journal Article Capital flows and the risk-taking channel of monetary policy, Journal of Monetary Economics, Elsevier (2015) View citations (615) (2015)
66. Capital Flows, Cross-Border Banking and Global Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (92)
67. Financing Growth without Banks: Korean Housing Repo Contract
    2013 Meeting Papers, Society for Economic Dynamics View citations (8)
68. Global Factors in Capital Flows and Credit Growth
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (2)
69. Procyclical Leverage and Value-at-Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (87)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) View citations (81)
    See also Journal Article Procyclical Leverage and Value-at-Risk, The Review of Financial Studies, Society for Financial Studies (2014) View citations (293) (2014)
70. Procyclicality and the Search for Early Warning Indicators
    IMF Working Papers, International Monetary Fund View citations (35)
71. Working Capital, Trade and Macro Fluctuations
    Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies. View citations (4)

2012

72. Adapting Macropudential Policies to Global Liquidity Conditions
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (3)
    See also Chapter Adapting Macroprudential Policies to Global Liquidity Conditions, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2014) View citations (2) (2014)
    Journal Article Adapting Macroprudential Policies to Global Liquidity Conditions, Journal Economía Chilena (The Chilean Economy), Central Bank of Chile (2012) View citations (3) (2012)
73. 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)
74. Dividends and Bank Capital in the Financial Crisis of 2007-2009
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (65)
75. Exploring the Dynamics of Global Liquidity
    IMF Working Papers, International Monetary Fund View citations (23)
76. Macroprudential Policies in Open Emerging Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
    See also Journal Article Macroprudential policies in open emerging economies, Proceedings, Federal Reserve Bank of San Francisco (2011) View citations (6) (2011)
77. Mitigating Systemic Spillovers from Currency Hedging
    Working Papers, Economic Research Institute, Bank of Korea View citations (5)
    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) View citations (5) (2012)
78. Monetary Aggregates and the Central Bank’s Financial Stability Mandate
    Working Papers, Economic Research Institute, Bank of Korea View citations (10)
79. Non-Core Bank Liabilities and Financial Vulnerability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
    See also Journal Article Noncore Bank Liabilities and Financial Vulnerability, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (159) (2013)
80. Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007-9
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (123)

2011

81. 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 (50)
82. Carry Trades, Monetary Policy and Speculative Dynamics
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (44)
83. Financial intermediary balance sheet management
    Staff Reports, Federal Reserve Bank of New York View citations (53)
    See also Journal Article Financial Intermediary Balance Sheet Management, Annual Review of Financial Economics, Annual Reviews (2011) View citations (67) (2011)
84. Procyclicality and Monetary Aggregates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (77)
85. 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

86. Contagious Adverse Selection
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (4)
    See also Journal Article Contagious Adverse Selection, American Economic Journal: Macroeconomics, American Economic Association (2012) View citations (38) (2012)
87. Contagious Adverse Selection - Revised November, 2010
    Working Papers, Princeton University, Department of Economics, Econometric Research Program. View citations (1)
88. Financial Intermediation, Asset Prices, and Macroeconomic Dynamics
    2010 Meeting Papers, Society for Economic Dynamics View citations (69)
    Also in Staff Reports, Federal Reserve Bank of New York (2010) View citations (32)
89. Financial intermediation and the post-crisis financial system
    BIS Working Papers, Bank for International Settlements View citations (36)
90. Macro risk premium and intermediary balance sheet quantities
    Staff Reports, Federal Reserve Bank of New York View citations (49)
    See also Journal Article Macro Risk Premium and Intermediary Balance Sheet Quantities, IMF Economic Review, Palgrave Macmillan (2010) View citations (73) (2010)
91. Monetary cycles, financial cycles, and the business cycle
    Staff Reports, Federal Reserve Bank of New York View citations (30)
92. Risk Appetite and Endogenous Risk
    FMG Discussion Papers, Financial Markets Group View citations (28)
93. Risk Appetite and Exchange Rates
    2010 Meeting Papers, Society for Economic Dynamics View citations (30)
    Also in Staff Reports, Federal Reserve Bank of New York (2009) View citations (4)
94. The changing nature of financial intermediation and the financial crisis of 2007-09
    Staff Reports, Federal Reserve Bank of New York View citations (106)
95. p-dominance and Belief Potential
    Levine's Working Paper Archive, David K. Levine View citations (1)
    See also Journal Article Dominance and Belief Potential, Econometrica, Econometric Society (1995) View citations (41) (1995)

2009

96. 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 (18)
97. A Theory of Slow-Moving Capital and Contagion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
98. Crisis Resolution and Bank Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    See also Journal Article Crisis Resolution and Bank Liquidity, The Review of Financial Studies, Society for Financial Studies (2011) View citations (151) (2011)
99. Endogenous choice of bank liquidity: the role of fire sales
    Bank of England working papers, Bank of England View citations (18)
100. Financial intermediaries and monetary economics
     Staff Reports, Federal Reserve Bank of New York View citations (28)
     See also Chapter Financial Intermediaries and Monetary Economics, Handbook of Monetary Economics, Elsevier (2010) View citations (395) (2010)
101. Money, liquidity, and monetary policy
     Staff Reports, Federal Reserve Bank of New York View citations (201)
     See also Journal Article Money, Liquidity, and Monetary Policy, American Economic Review, American Economic Association (2009) View citations (279) (2009)
102. Prices and quantities in the monetary policy transmission mechanism
     Staff Reports, Federal Reserve Bank of New York View citations (26)
     See also Journal Article Prices and Quantities in the Monetary Policy Transmission Mechanism, International Journal of Central Banking, International Journal of Central Banking (2009) View citations (38) (2009)
103. The shadow banking system: implications for financial regulation
     Staff Reports, Federal Reserve Bank of New York View citations (62)
     See also Journal Article The shadow banking system: implications for fi nancial regulation, Financial Stability Review, Banque de France (2009) View citations (48) (2009)

2008

104. Fair Value Accounting and Financial Stability
     Post-Print, HAL View citations (16)
     See also Journal Article Fair value accounting and financial stability, Financial Stability Review, Banque de France (2008) View citations (22) (2008)
105. Financial intermediaries, financial stability, and monetary policy
     Staff Reports, Federal Reserve Bank of New York 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) View citations (49) (2008)
106. Financial intermediary leverage and value at risk
     Staff Reports, Federal Reserve Bank of New York View citations (75)
107. Liquidity and financial cycles
     BIS Working Papers, Bank for International Settlements View citations (165)
108. Liquidity and leverage
     Staff Reports, Federal Reserve Bank of New York View citations (82)
     See also Journal Article Liquidity and leverage, Journal of Financial Intermediation, Elsevier (2010) View citations (1134) (2010)
109. 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 View citations (151)
     See also Journal Article Marking‐to‐Market: Panacea or Pandora's Box?, Journal of Accounting Research, Wiley Blackwell (2008) View citations (198) (2008)
110. Precautionary Demand and Liquidity in Payment Systems
     Staff Reports, Federal Reserve Bank of New York View citations (19)
     See also Journal Article Precautionary Demand and Liquidity in Payment Systems, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (33) (2011)

2007

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

2006

115. Endogenous Public Signals and Coordination
     Levine's Bibliography, UCLA Department of Economics View citations (5)
116. Optimal Communication
     Levine's Bibliography, UCLA Department of Economics View citations (3)
     See also Journal Article Optimal Communication, Journal of the European Economic Association, MIT Press (2007) View citations (42) (2007)
117. Risk and liquidity in a system context
     BIS Working Papers, Bank for International Settlements View citations (13)
     See also Journal Article Risk and liquidity in a system context, Journal of Financial Intermediation, Elsevier (2008) View citations (87) (2008)

2005

118. Liquidity risk and contagion
     Bank of England working papers, Bank of England View citations (532)
     See also Journal Article Liquidity Risk and Contagion, Journal of the European Economic Association, MIT Press (2005) View citations (531) (2005)
119. Marking to Market, Liquidity, and Financial Stability
     Working Papers, HAL 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) View citations (7) (2005)
120. Optimal collective action clause thresholds
     Bank of England working papers, Bank of England View citations (9)

2004

121. Beauty Contests, Bubbles and Iterated Expectations in Asset Markets
     Yale School of Management Working Papers, Yale School of Management View citations (23)
     Also in NajEcon Working Paper Reviews, www.najecon.org (2003) View citations (33)
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (23)
122. 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 Catalytic finance: When does it work?, Journal of International Economics, Elsevier (2006) View citations (111) (2006)
123. Communication and Monetary Policy
     Yale School of Management Working Papers, Yale School of Management View citations (11)
     Also in Levine's Working Paper Archive, David K. Levine (2003) View citations (30)
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2003) View citations (16)
     BIS Working Papers, Bank for International Settlements (2003) 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 (122) (2002)
124. Fair Value Reporting Standards and Market Volatility
     Post-Print, HAL View citations (2)
125. 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)
126. Liquidity Black Holes
     Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (134)
     Also in Econometric Society 2004 North American Winter Meetings, Econometric Society (2004) View citations (134)
     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 (134)
     See also Journal Article Liquidity Black Holes, Review of Finance, Springer (2004) View citations (137) (2004)
127. 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 Opening and Closing the Market: Evidence from the London Stock Exchange, Journal of Financial and Quantitative Analysis, Cambridge University Press (2005) View citations (35) (2005)
128. Public and Private Information in Monetary Policy Models
     Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (2)
     Also in Levine's Bibliography, UCLA Department of Economics (2003) View citations (84)
     Computing in Economics and Finance 2003, Society for Computational Economics (2003) View citations (82)
     BIS Working Papers, Bank for International Settlements (2003) View citations (81)
129. Regulating Financial Conglomerates
     Working Paper Research, National Bank of Belgium View citations (22)
130. 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 (81)
     See also Journal Article The impact of risk regulation on price dynamics, Journal of Banking & Finance, Elsevier (2004) View citations (103) (2004)

2003

131. Analytics of sovereign debt restructuring
     Bank of England working papers, Bank of England View citations (14)
     See also Journal Article Analytics of sovereign debt restructuring, Journal of International Economics, Elsevier (2005) View citations (32) (2005)
132. 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
133. Catalytic Finance
     Levine's Working Paper Archive, David K. Levine
134. Debt maturity structure with pre-emptive creditors
     Bank of England working papers, Bank of England
     See also Journal Article Debt maturity structure with pre-emptive creditors, Economics Letters, Elsevier (2004) View citations (4) (2004)
135. Positive feedback trading under stress: Evidence from the US Treasury securities market
     BIS Working Papers, Bank for International Settlements View citations (33)
     See also Chapter Positive feedback trading under stress: evidence from the US Treasury securities market, BIS Papers chapters, Bank for International Settlements (2002) View citations (9) (2002)

2002

136. 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 (10)
     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 (21)
     See also Journal Article Coordination risk and the price of debt, European Economic Review, Elsevier (2004) View citations (233) (2004)
137. 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 Bank of England working papers, Bank of England (2001) View citations (10)
     FMG Discussion Papers, Financial Markets Group (2001) View citations (5)
     LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) 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) View citations (40) (2004)
138. Disclosures and Asset Returns
     CEPR Discussion Papers, C.E.P.R. Discussion Papers
     Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001)
     FMG Discussion Papers, Financial Markets Group (2001)
     See also Journal Article Disclosures and Asset Returns, Econometrica, Econometric Society (2003) View citations (82) (2003)
139. 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

140. An Academic Response to Basel II
     FMG Special Papers, Financial Markets Group
141. Asset Price Dynamics with Value-at-Risk Constrained Traders
     FMG Discussion Papers, Financial Markets Group View citations (8)
     Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001)
142. 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 Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (9)
     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 (17)
     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) View citations (158) (2004)
143. Global Games: Theory and Applications
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (59)
     Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2000) View citations (51)
     Levine's Working Paper Archive, David K. Levine (2001) View citations (113)
144. The CNBC Effect: Welfare Effects of Public Information
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (3)

2000

145. Rethinking Multiple Equilibria in Macroeconomic Modelling
     Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University View citations (144)
     See also Chapter Rethinking Multiple Equilibria in Macroeconomic Modeling, NBER Chapters, National Bureau of Economic Research, Inc (2001) View citations (65) (2001)
146. Welfare effects of public information
     Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (7)

1998

147. 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 CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (7)
     Economics Papers, Economics Group, Nuffield College, University of Oxford (1998) View citations (7)

1997

148. 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 Adversarial and Inquisitorial Procedures in Arbitration, RAND Journal of Economics, The RAND Corporation (1998) View citations (106) (1998)
149. 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) View citations (6) (2002)
150. 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 (72)
     See also Journal Article Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks, American Economic Review, American Economic Association (1998) View citations (826) (1998)

1996

151. 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

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

1992

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

1989

155. 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

156. "Weight of Money" Pricing and Speculative Dynamics
     GSIA Working Papers, Carnegie Mellon University, Tepper School of Business
157. Approximate Common Knowledge and Co-ordination: Recent Lessons from Game Theory
     Penn CARESS Working Papers, Penn Economics Department
     Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (29)
     CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences

Journal Articles

2024

1. The Bank of Amsterdam and the Limits of Fiat Money
   Journal of Political Economy, 2024, 132, (12), 3919 - 3941
   See also Working Paper The Bank of Amsterdam and the limits of fiat money, BIS Working Papers (2023) View citations (4) (2023)

2023

2. Dollar and Exports
   The Review of Financial Studies, 2023, 36, (8), 2963-2996 View citations (4)
   See also Working Paper Dollar and Exports, CEPR Discussion Papers (2021) (2021)
3. The fintech gender gap
   Journal of Financial Intermediation, 2023, 54, (C) View citations (17)
   See also Working Paper The fintech gender gap, BIS Working Papers (2021) View citations (23) (2021)

2022

4. Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier
   Annual Review of Economics, 2022, 14, (1), 697-721 View citations (30)
   See also Working Paper Central bank digital currencies: motives, economic implications and the research frontier, BIS Working Papers (2021) View citations (9) (2021)
5. Dividends and Bank Capital in the Global Financial Crisis of 2007-2009
   Journal of Financial Crises, 2022, 4, (2), 1-39 View citations (3)
6. Dollar beta and stock returns
   Oxford Open Economics, 2022, 1, 1-10 View citations (6)
   See also Working Paper Dollar beta and stock returns, BIS Working Papers (2022) View citations (8) (2022)
7. Overcoming Original Sin
   Journal of Globalization and Development, 2022, 13, (2), 411-433 View citations (1)

2021

8. INTERNATIONAL CREDIT TO EMERGING MARKET ECONOMIES DURING THE COVID-19 CRISIS
   Financial Stability Review, 2021, 61-70
9. Offshore EME bond issuance and the transmission channels of global liquidity
   Journal of International Money and Finance, 2021, 112, (C) View citations (5)
10. Outward portfolio investment and dollar funding in emerging Asia
    BIS Quarterly Review, 2021 View citations (7)

2020

11. Bond Risk Premia and The Exchange Rate
    Journal of Money, Credit and Banking, 2020, 52, (S2), 497-520 View citations (29)
    See also Working Paper Bond risk premia and the exchange rate, BIS Working Papers (2019) View citations (21) (2019)
12. Currency Depreciation and Emerging Market Corporate Distress
    Management Science, 2020, 66, (5), 1935-1961 View citations (18)
    See also Working Paper Currency depreciation and emerging market corporate distress, CEPR Discussion Papers (2018) View citations (6) (2018)
13. Design of Microgrid Protection Schemes Using PSCAD/EMTDC and ETAP Programs
    Energies, 2020, 13, (21), 1-19
14. The Dollar, Bank Leverage, and Real Economic Activity: An Evolving Relationship
    AEA Papers and Proceedings, 2020, 110, 529-34 View citations (13)
    See also Working Paper The dollar, bank leverage and real economic activity: an evolving relationship, BIS Working Papers (2020) View citations (16) (2020)

2019

15. BigTech and the changing structure of financial intermediation
    Economic Policy, 2019, 34, (100), 761-799 View citations (120)
    See also Working Paper BigTech and the changing structure of financial intermediation, BIS Working Papers (2019) View citations (139) (2019)
16. Financial conditions and purchasing managers' indices: exploring the links
    BIS Quarterly Review, 2019 View citations (2)
17. Following the imprint of the ECB's asset purchase programme on global bond and deposit flows
    BIS Quarterly Review, 2019 View citations (6)
18. Risk‐taking channel of monetary policy
    Financial Management, 2019, 48, (3), 725-738 View citations (12)
    See also Working Paper Risk-Taking Channel of Monetary Policy, CEPR Discussion Papers (2018) View citations (6) (2018)
19. The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment
    IMF Economic Review, 2019, 67, (1), 151-173 View citations (79)
20. The Dollar, Bank Leverage, and Deviations from Covered Interest Parity
    American Economic Review: Insights, 2019, 1, (2), 193-208 View citations (108)
    See also Working Paper The dollar, bank leverage and the deviation from covered interest parity, BIS Working Papers (2016) View citations (70) (2016)

2018

21. Central Bank Forward Guidance and the Signal Value of Market Prices
    AEA Papers and Proceedings, 2018, 108, 572-77 View citations (23)
    See also Working Paper Central bank forward guidance and the signal value of market prices, BIS Working Papers (2018) View citations (24) (2018)
22. Exchange Rates and the Working Capital Channel of Trade Fluctuations
    AEA Papers and Proceedings, 2018, 108, 531-36 View citations (30)
23. Exchange rates and monetary spillovers
    Theoretical Economics, 2018, 13, (2) View citations (8)
    See also Working Paper Exchange Rates and Monetary Spillovers, SciencePo Working papers Main (2018) (2018)
24. 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 View citations (10)
    See also Working Paper Investor redemptions and fund manager sales of emerging market bonds: how are they related?, BIS Working Papers (2015) View citations (41) (2015)
25. Liquidity, Leverage, and Regulation 10 Years After the Global Financial Crisis
    Annual Review of Financial Economics, 2018, 10, (1), 1-24 View citations (18)
26. Tracking the international footprints of global firms
    BIS Quarterly Review, 2018 View citations (45)
27. Why bank capital matters for monetary policy
    Journal of Financial Intermediation, 2018, 35, (PB), 17-29 View citations (201)
    See also Working Paper Why bank capital matters for monetary policy, BIS Working Papers (2016) View citations (113) (2016)

2017

28. Bank Capital and Dividend Externalities
    The Review of Financial Studies, 2017, 30, (3), 988-1018 View citations (40)
    See also Working Paper Bank capital and dividend externalities, BIS Working Papers (2016) View citations (8) (2016)
29. Comparative assessment of macroprudential policies
    Journal of Financial Stability, 2017, 28, (C), 183-202 View citations (166)
    See also Working Paper Comparative assessment of macroprudential policies, BIS Working Papers (2015) View citations (58) (2015)
30. Global Dollar Credit and Carry Trades: A Firm-Level Analysis
    The Review of Financial Studies, 2017, 30, (3), 703-749 View citations (116)
    See also Working Paper Global dollar credit and carry trades: a firm-level analysis, BIS Working Papers (2015) View citations (49) (2015)
31. Global Liquidity: A Selective Review
    Annual Review of Economics, 2017, 9, (1), 587-612 View citations (16)
32. Redemption risk and cash hoarding by asset managers
    Journal of Monetary Economics, 2017, 89, (C), 71-87 View citations (73)
    See also Working Paper Redemption risk and cash hoarding by asset managers, BIS Working Papers (2017) View citations (80) (2017)
33. The Hunt for Duration: Not Waving but Drowning?
    IMF Economic Review, 2017, 65, (1), 113-153 View citations (54)
    See also Working Paper The hunt for duration: not waving but drowning?, BIS Working Papers (2015) View citations (30) (2015)

2016

34. Brand Performance Volatility from Marketing Spending
    Management Science, 2016, 62, (1), 197-215 View citations (4)
35. Breaking free of the triple coincidence in international finance
    Economic Policy, 2016, 31, (87), 409-451 View citations (68)
    See also Working Paper Breaking free of the triple coincidence in international finance, BIS Working Papers (2015) View citations (47) (2015)
    Chapter Breaking free of the triple coincidence in international finance, IFC Bulletins chapters, 2017, 43 (2017) (2017)
36. Common belief foundations of global games
    Journal of Economic Theory, 2016, 163, (C), 826-848 View citations (22)
    See also Working Paper Common Belief Foundations of Global Games, Working Papers (2015) View citations (3) (2015)
37. ILLIQUIDITY COMPONENT OF CREDIT RISK – THE 2015 LAWRENCE R. KLEIN LECTURE
    International Economic Review, 2016, 57, (4), 1135-1148 View citations (9)
38. 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 (2)

2015

39. Capital flows and the risk-taking channel of monetary policy
    Journal of Monetary Economics, 2015, 71, (C), 119-132 View citations (615)
    See also Working Paper Capital Flows and the Risk-Taking Channel of Monetary Policy, NBER Working Papers (2013) View citations (69) (2013)
40. Cross-Border Banking and Global Liquidity
    The Review of Economic Studies, 2015, 82, (2), 535-564 View citations (414)
    See also Working Paper Cross-border banking and global liquidity, BIS Working Papers (2014) View citations (181) (2014)
41. Global liquidity through the lens of monetary aggregates
    Economic Policy, 2015, 30, (82), 231-290 View citations (24)
    See also Working Paper Global Liquidity through the Lens of Monetary Aggregates, IMF Working Papers (2014) View citations (27) (2014)
42. Oil and debt
    BIS Quarterly Review, 2015 View citations (21)
43. What does the new face of international financial intermediation mean for emerging market economies?
    Financial Stability Review, 2015, (19), 25-36 View citations (15)

2014

44. Assessing Macroprudential Policies: Case of South Korea
    Scandinavian Journal of Economics, 2014, 116, (1), 128-157 View citations (58)
45. Globalization of corporate risk taking
    Journal of International Business Studies, 2014, 45, (7), 800-820 View citations (21)
46. Non-financial corporations from emerging market economies and capital flows
    BIS Quarterly Review, 2014 View citations (82)
47. Procyclical Leverage and Value-at-Risk
    The Review of Financial Studies, 2014, 27, (2), 373-403 View citations (293)
    See also Working Paper Procyclical Leverage and Value-at-Risk, NBER Working Papers (2013) View citations (87) (2013)

2013

48. A Theory of Arbitrage Capital
    The Review of Corporate Finance Studies, 2013, 2, (1), 62-97 View citations (18)
49. 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)
50. Commentary on Robert E. Hall 'The routes into and out of the Zero Lower Bound'
    Proceedings - Economic Policy Symposium - Jackson Hole, 2013
51. Monetary Aggregates and the Central Bank’s Financial Stability Mandate
    International Journal of Central Banking, 2013, 9, (1), 69-108 View citations (15)
52. Noncore Bank Liabilities and Financial Vulnerability
    Journal of Money, Credit and Banking, 2013, 45, 3-36 View citations (159)
    Also in Journal of Money, Credit and Banking, 2013, 45, (s1), 3-36 (2013) View citations (57)
    See also Working Paper Non-Core Bank Liabilities and Financial Vulnerability, NBER Working Papers (2012) View citations (27) (2012)
53. The second phase of global liquidity and its impact on emerging economies
    Proceedings, 2013, (Nov), 1-10 View citations (64)
    See also Chapter The Second Phase of Global Liquidity and Its Impact on Emerging Economies, Palgrave Macmillan Books, 2014, 247-257 (2014) View citations (36) (2014)
54. Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009
    NBER Macroeconomics Annual, 2013, 27, (1), 159 - 214 View citations (107)
    See also Chapter Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009, NBER Chapters, 2012, 159-214 (2012) View citations (101) (2012)

2012

55. 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 Adapting Macropudential Policies to Global Liquidity Conditions, Working Papers Central Bank of Chile (2012) 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) View citations (2) (2014)
56. Comment
    NBER Macroeconomics Annual, 2012, 26, (1), 195 - 230
57. Contagious Adverse Selection
    American Economic Journal: Macroeconomics, 2012, 4, (1), 1-21 View citations (38)
    See also Working Paper Contagious Adverse Selection, Working Papers (2010) View citations (4) (2010)
58. Endogenous Extreme Events and the Dual Role of Prices
    Annual Review of Economics, 2012, 4, (1), 111-129 View citations (15)
59. Global Banking Glut and Loan Risk Premium
    IMF Economic Review, 2012, 60, (2), 155-192 View citations (334)
60. Mitigating Systemic Spillovers from Currency Hedging
    National Institute Economic Review, 2012, 221, R44-R56 View citations (5)
    Also in National Institute Economic Review, 2012, 221, (1), R44-R56 (2012) View citations (6)
    See also Chapter Mitigating Systemic Spillovers from Currency Hedging, Palgrave Macmillan Books, 2014, 217-244 (2014) (2014)
    Working Paper Mitigating Systemic Spillovers from Currency Hedging, Working Papers (2012) View citations (5) (2012)
61. Sustaining Production Chains through Financial Linkages
    American Economic Review, 2012, 102, (3), 402-06 View citations (65)

2011

62. Crisis Resolution and Bank Liquidity
    The Review of Financial Studies, 2011, 24, (6), 2166-2205 View citations (151)
    See also Working Paper Crisis Resolution and Bank Liquidity, NBER Working Papers (2009) View citations (12) (2009)
63. Financial Intermediary Balance Sheet Management
    Annual Review of Financial Economics, 2011, 3, (1), 289-307 View citations (67)
    See also Working Paper Financial intermediary balance sheet management, Staff Reports (2011) View citations (53) (2011)
64. Fire Sale FDI
    Korean Economic Review, 2011, 27, 163-202 View citations (21)
    See also Working Paper Fire-sale FDI, CEPR Discussion Papers (2007) View citations (12) (2007)
65. Macroprudential policies in open emerging economies
    Proceedings, 2011, (Nov), 63-114 View citations (6)
    See also Working Paper Macroprudential Policies in Open Emerging Economies, NBER Working Papers (2012) View citations (51) (2012)
66. Precautionary Demand and Liquidity in Payment Systems
    Journal of Money, Credit and Banking, 2011, 43, 589-619 View citations (33)
    Also in Journal of Money, Credit and Banking, 2011, 43, (s2), 589-619 (2011) View citations (14)
    See also Working Paper Precautionary Demand and Liquidity in Payment Systems, Staff Reports (2008) View citations (19) (2008)

2010

67. Liquidity and leverage
    Journal of Financial Intermediation, 2010, 19, (3), 418-437 View citations (1134)
    See also Working Paper Liquidity and leverage, Staff Reports (2008) View citations (82) (2008)
68. Macro Risk Premium and Intermediary Balance Sheet Quantities
    IMF Economic Review, 2010, 58, (1), 179-207 View citations (73)
    See also Working Paper Macro risk premium and intermediary balance sheet quantities, Staff Reports (2010) View citations (49) (2010)
69. The Changing Nature of Financial Intermediation and the Financial Crisis of 2007–2009
    Annual Review of Economics, 2010, 2, (1), 603-618 View citations (178)
70. The Squam Lake Report: Fixing the Financial System
    Journal of Applied Corporate Finance, 2010, 22, (3), 8-21 View citations (120)
    See also Book The Squam Lake Report: Fixing the Financial System, Economics Books, 2010 (2010) View citations (110) (2010)

2009

71. 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)
72. From Mary Poppins to Northern Rock: reflections of modern bank runs
    Mercato Concorrenza Regole, 2009, (1), 79-94 View citations (2)
73. Money, Liquidity, and Monetary Policy
    American Economic Review, 2009, 99, (2), 600-605 View citations (279)
    See also Working Paper Money, liquidity, and monetary policy, Staff Reports (2009) View citations (201) (2009)
74. Prices and Quantities in the Monetary Policy Transmission Mechanism
    International Journal of Central Banking, 2009, 5, (4), 131-142 View citations (38)
    See also Working Paper Prices and quantities in the monetary policy transmission mechanism, Staff Reports (2009) View citations (26) (2009)
75. Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis
    Journal of Economic Perspectives, 2009, 23, (1), 101-19 View citations (253)
76. Securitisation and Financial Stability
    Economic Journal, 2009, 119, (536), 309-332 View citations (91)
77. The shadow banking system: implications for fi nancial regulation
    Financial Stability Review, 2009, (13), 1-10 View citations (48)
    See also Working Paper The shadow banking system: implications for financial regulation, Staff Reports (2009) View citations (62) (2009)
78. Yen Carry Trade and the Subprime Crisis
    IMF Staff Papers, 2009, 56, (2), 384-409 View citations (23)

2008

79. Fair value accounting and financial stability
    Financial Stability Review, 2008, (12), 85-94 View citations (22)
    See also Working Paper Fair Value Accounting and Financial Stability, Post-Print (2008) View citations (16) (2008)
80. Financial Regulation in a System Context
    Brookings Papers on Economic Activity, 2008, 39, (2 (Fall)), 229-274 View citations (79)
81. Financial intermediaries, financial stability and monetary policy
    Proceedings - Economic Policy Symposium - Jackson Hole, 2008, 287-334 View citations (49)
    See also Working Paper Financial intermediaries, financial stability, and monetary policy, Staff Reports (2008) View citations (66) (2008)
82. Liquidity and financial contagion
    Financial Stability Review, 2008, (11), 1-7 View citations (67)
83. Liquidity, monetary policy, and financial cycles
    Current Issues in Economics and Finance, 2008, 14, (Jan) View citations (139)
84. Marking‐to‐Market: Panacea or Pandora's Box?
    Journal of Accounting Research, 2008, 46, (2), 435-460 View citations (198)
    See also Working Paper Marking-to-Market: Panacea or Pandora's Box?, Post-Print (2008) View citations (18) (2008)
85. Risk and liquidity in a system context
    Journal of Financial Intermediation, 2008, 17, (3), 315-329 View citations (87)
    See also Working Paper Risk and liquidity in a system context, BIS Working Papers (2006) View citations (13) (2006)

2007

86. 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)
87. Optimal Communication
    Journal of the European Economic Association, 2007, 5, (2-3), 594-602 View citations (42)
    See also Working Paper Optimal Communication, Levine's Bibliography (2006) View citations (3) (2006)
88. Transparency, Communication and Commitment
    International Journal of Central Banking, 2007, 3, (1)

2006

89. Beauty Contests and Iterated Expectations in Asset Markets
    The Review of Financial Studies, 2006, 19, (3), 719-752 View citations (258)
90. Catalytic finance: When does it work?
    Journal of International Economics, 2006, 70, (1), 161-177 View citations (111)
    See also Working Paper Catalytic Finance: When Does It Work?, Yale School of Management Working Papers (2004) View citations (5) (2004)
91. Disclosure Risk and Price Drift
    Journal of Accounting Research, 2006, 44, (2), 351-379 View citations (23)
92. Imperfect common knowledge and the information value of prices
    Economic Theory, 2006, 27, (1), 213-241 View citations (32)
93. Inertia of Forward-Looking Expectations
    American Economic Review, 2006, 96, (2), 152-157 View citations (27)
94. 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 (166)
95. Staggered Pricing Models Face the Facts
    International Journal of Central Banking, 2006, 2, (3)

2005

96. Analytics of sovereign debt restructuring
    Journal of International Economics, 2005, 65, (2), 315-333 View citations (32)
    See also Working Paper Analytics of sovereign debt restructuring, Bank of England working papers (2003) View citations (14) (2003)
97. Central Bank Transparency and the Signal Value of Prices
    Brookings Papers on Economic Activity, 2005, 36, (2), 1-66 View citations (119)
98. Commentary: has financial development made the world riskier?
    Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 381-386 View citations (2)
99. Liquidity Risk and Contagion
    Journal of the European Economic Association, 2005, 3, (2-3), 556-566 View citations (531)
    See also Working Paper Liquidity risk and contagion, Bank of England working papers (2005) View citations (532) (2005)
100. Liquidity and Twin Crises
     Economic Notes, 2005, 34, (3), 257-277 View citations (7)
101. Marking to Market, Liquidity, and Financial Stability
     Monetary and Economic Studies, 2005, 23, (S1), 133-155 View citations (7)
     See also Working Paper Marking to Market, Liquidity, and Financial Stability, Working Papers (2005) View citations (5) (2005)
102. Opening and Closing the Market: Evidence from the London Stock Exchange
     Journal of Financial and Quantitative Analysis, 2005, 40, (4), 779-801 View citations (35)
     See also Working Paper Opening and Closing the Market: Evidence from the London Stock Exchange, FMG Discussion Papers (2004) View citations (4) (2004)

2004

103. Coordination risk and the price of debt
     European Economic Review, 2004, 48, (1), 133-153 View citations (233)
     See also Working Paper Coordination Risk and the Price of Debt, Cowles Foundation Discussion Papers (2002) View citations (6) (2002)
104. 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 (40)
     See also Working Paper Crisis costs and debtor discipline: the efficacy of public policy in sovereign debt crises, Departmental Working Papers (2002) View citations (1) (2002)
105. Debt maturity structure with pre-emptive creditors
     Economics Letters, 2004, 85, (2), 195-200 View citations (4)
     See also Working Paper Debt maturity structure with pre-emptive creditors, Bank of England working papers (2003) (2003)
106. 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 View citations (158)
     See also Working Paper Does One Soros Make a Difference? A Theory of Currency Crises with Large and Small Traders, FMG Discussion Papers (2001) View citations (13) (2001)
107. Liquidity Black Holes
     Review of Finance, 2004, 8, (1), 1-18 View citations (137)
     Also in Review of Finance, 2004, 8, (1), 1-18 (2004) View citations (137)
     See also Working Paper Liquidity Black Holes, Econometric Society 2004 North American Winter Meetings (2004) View citations (134) (2004)
108. Liquidity and Contagion: The Crisis of 1763
     Journal of the European Economic Association, 2004, 2, (6), 929-968 View citations (83)
109. The impact of risk regulation on price dynamics
     Journal of Banking & Finance, 2004, 28, (5), 1069-1087 View citations (103)
     See also Working Paper The impact of risk regulation on price dynamics, LSE Research Online Documents on Economics (2004) View citations (81) (2004)

2003

110. Disclosures and Asset Returns
     Econometrica, 2003, 71, (1), 105-133 View citations (82)
     See also Working Paper Disclosures and Asset Returns, CEPR Discussion Papers (2002) (2002)

2002

111. 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)
112. Communication and Monetary Policy
     Oxford Review of Economic Policy, 2002, 18, (4), 495-503 View citations (122)
     See also Working Paper Communication and Monetary Policy, Yale School of Management Working Papers (2004) View citations (11) (2004)
113. Equilibrium Departures from Common Knowledge in Games with Non-Additive Expected Utility
     The B.E. Journal of Theoretical Economics, 2002, 2, (1), 30 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)
114. Positive feedback trading in the US Treasurey market
     BIS Quarterly Review, 2002
115. Social Value of Public Information
     American Economic Review, 2002, 92, (5), 1521-1534 View citations (1091)
116. The Assessment: Games and Coordination
     Oxford Review of Economic Policy, 2002, 18, (4), 397-417 View citations (10)

1999

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

1998

119. Adversarial and Inquisitorial Procedures in Arbitration
     RAND Journal of Economics, 1998, 29, (2), 378-405 View citations (106)
     See also Working Paper Adversarial and Inquisitorial Procedures in Arbitration, CEPR Discussion Papers (1997) (1997)
120. International Environmental Agreements under Uncertainty
     Oxford Economic Papers, 1998, 50, (2), 173-85 View citations (44)
121. Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks
     American Economic Review, 1998, 88, (3), 587-97 View citations (826)
     See also Working Paper Unique Equilibrium in a Model of Self-fulfilling Currency Attacks, CEPR Discussion Papers (1997) View citations (18) (1997)

1997

122. 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)
123. Editorial Announcement
     The Review of Economic Studies, 1997, 64, (4), 485
124. The rationality and efficacy of decisions under uncertainty and the value of an experiment (*)
     Economic Theory, 1997, 9, (2), 309-324 View citations (6)

1996

125. Comparing the Robustness of Trading Systems to Higher-Order Uncertainty
     The Review of Economic Studies, 1996, 63, (1), 39-59 View citations (13)
126. How Much Common Belief Is Necessary for a Convention?
     Games and Economic Behavior, 1996, 13, (2), 252-268 View citations (9)

1995

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

1994

128. News Management and the Value of Firms
     RAND Journal of Economics, 1994, 25, (1), 58-71 View citations (77)
129. The Burden of Proof in a Game of Persuasion
     Journal of Economic Theory, 1994, 64, (1), 253-264 View citations (112)

1993

130. Logical Structure of Common Knowledge
     Journal of Economic Theory, 1993, 60, (1), 1-13 View citations (17)
131. Measuring the Incidence of Insider Trading in a Market for State-Contingent Claims
     Economic Journal, 1993, 103, (420), 1141-53 View citations (80)

1992

132. A Comment on a Model of Vertical Product Differentiation
     Journal of Industrial Economics, 1992, 40, (2), 229-31 View citations (143)
133. Prices of State Contingent Claims with Insider Traders, and the Favourite-Longshot Bias
     Economic Journal, 1992, 102, (411), 426-35 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) (2008)
134. The Dynamics of Rational Deliberation, Brian Skyrms. Cambridge, MA: Harvard University Press, 1990, 199 pages
     Economics and Philosophy, 1992, 8, (1), 176-183

1991

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

Books

2024

1. Central bank capital and trust in money: lessons from history for the digital age
   BIS Papers, Bank for International Settlements

2015

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

2010

3. Risk and Liquidity
   OUP Catalogue, Oxford University Press View citations (157)
4. The Squam Lake Report: Fixing the Financial System
   Economics Books, Princeton University Press View citations (110)
   See also Journal Article The Squam Lake Report: Fixing the Financial System, Journal of Applied Corporate Finance, Morgan Stanley (2010) View citations (120) (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.

2020

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

2014

3. Global Shock, Risks, and Asian Financial Reform
   Books, Edward Elgar Publishing View citations (8)
4. 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
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 View citations (2)
   See also Working Paper Macro-financial stability frameworks: experience and challenges, Bank for International Settlements (2022) View citations (4) (2022)
3. Non-bank financial intermediaries and financial stability
   Chapter 7 in Research Handbook of Financial Markets, 2023, pp 147-170
   See also Working Paper Non-bank Financial Intermediaries and Financial Stability, C.E.P.R. Discussion Papers (2022) (2022)

2021

4. Big Techs in Finance: On the New Nexus Between Data Privacy and Competition
   Springer View citations (4)
   See also Working Paper Big techs in finance: on the new nexus between data privacy and competition, Bank for International Settlements (2021) View citations (5) (2021)
5. 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 Gauging procyclicality and financial vulnerability in Asia through the BIS banking and financial statistics, Bank for International Settlements (2018) View citations (5) (2018)

2020

6. 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 (7)

2017

7. 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 Breaking free of the triple coincidence in international finance, Bank for International Settlements (2015) View citations (47) (2015)
   Journal Article Breaking free of the triple coincidence in international finance, CEPR, CESifo, Sciences Po (2016) View citations (68) (2016)

2016

8. Macroprudential policies: indicators and tools
   Chapter 2 in Macroprudential Regulation of International Finance, 2016, pp 11-38
9. 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 (17)
   See also Working Paper Risk Premium Shifts and Monetary Policy: A Coordination Approach, Princeton University, Department of Economics, Econometric Research Program. (2015) View citations (2) (2015)

2015

10. 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 (27)
11. 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 (8)

2014

12. 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 Journal Article Adapting Macroprudential Policies to Global Liquidity Conditions, Central Bank of Chile (2012) View citations (3) (2012)
    Working Paper Adapting Macropudential Policies to Global Liquidity Conditions, Central Bank of Chile (2012) View citations (3) (2012)
13. 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) View citations (5) (2012)
    Journal Article Mitigating Systemic Spillovers from Currency Hedging, National Institute of Economic and Social Research (2012) View citations (5) (2012)
14. 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
15. 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)
16. 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
17. Overview and summary
    Chapter 1 in Global Shock, Risks, and Asian Financial Reform, 2014, pp 3-12
18. The Second Phase of Global Liquidity and Its Impact on Emerging Economies
    Palgrave Macmillan View citations (36)
    See also Journal Article The second phase of global liquidity and its impact on emerging economies, Federal Reserve Bank of San Francisco (2013) View citations (64) (2013)
19. Why Macroprudential Policy? Brief Overview
    Palgrave Macmillan

2012

20. Endogenous and Systemic Risk
    A chapter in Quantifying Systemic Risk, 2012, pp 73-94 View citations (22)
21. Global Liquidity
    Chapter 10 in In the Wake of the Crisis: Leading Economists Reassess Economic Policy, 2012, vol. 1, pp 91-100
22. 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 (101)
    See also Journal Article Which Financial Frictions? Parsing the Evidence from the Financial Crisis of 2007 to 2009, University of Chicago Press (2013) View citations (107) (2013)

2011

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

2010

25. Comment on "The Leverage Cycle"
    A chapter in NBER Macroeconomics Annual 2009, Volume 24, 2010, pp 75-84
26. Financial Intermediaries and Monetary Economics
    Chapter 12 in Handbook of Monetary Economics, 2010, vol. 3, pp 601-650 View citations (395)
    See also Working Paper Financial intermediaries and monetary economics, Federal Reserve Bank of New York (2009) View citations (28) (2009)
27. Introduction
    A chapter in The Squam Lake Report: Fixing the Financial System, 2010

2009

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

2008

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

2005

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

2002

32. 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 (9)
    See also Working Paper Positive feedback trading under stress: Evidence from the US Treasury securities market, Bank for International Settlements (2003) View citations (33) (2003)

2001

33. Rethinking Multiple Equilibria in Macroeconomic Modeling
    A chapter in NBER Macroeconomics Annual 2000, Volume 15, 2001, pp 139-182 View citations (65)
    See also Working Paper Rethinking Multiple Equilibria in Macroeconomic Modelling, Cowles Foundation for Research in Economics, Yale University (2000) View citations (144) (2000)