Details about George M. von Furstenberg

This author is deceased (2022-12-13).

Access statistics for papers by George M. von Furstenberg.

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Short-id: pvo37

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Working Papers

2012

1. Mega-Banks' Self-Insurance with Cocos: A Work in Progress
   Working Papers, Hong Kong Institute for Monetary Research View citations (2)
   See also Chapter Mega-Banks' Self-Insurance with Cocos: A Work in Progress, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2012) View citations (2) (2012)
   Journal Article Mega-Banks' Self-Insurance with Cocos: A Work in Progress, Global Credit Review (GCR), World Scientific Publishing Co. Pte. Ltd. (2012) View citations (2) (2012)

2011

2. Concocting Marketable Cocos
   Working Papers, Hong Kong Institute for Monetary Research View citations (5)
3. Contingent capital to strengthen the private safety net for financial institutions: Cocos to the rescue?
   Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank View citations (7)

2009

4. Policy Responses during the Depth of the 2007-09 Financial Crisis: Instrument Innovations, Executive Reconfigurations, and Legacies for U.S. Governance
   CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington

2008

5. Performance Measurement under Rational International Overpromising Regimes
   CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington
   See also Journal Article Performance Measurement under Rational International Overpromising Regimes, Journal of Public Policy, Cambridge University Press (2008) (2008)

2007

6. Aspects, Models and Measures for Assessing the Competitiveness of International Financial Services in a Particular Location
   Working Papers, Hong Kong Institute for Monetary Research
7. Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives
   CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington
   See also Journal Article Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives, Open Economies Review, Springer (2008) View citations (1) (2008)
8. Dependence on External Finance by Manufacturing Sector: Examining the Measure and its Properties
   CAEPR Working Papers, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington View citations (6)
   See also Journal Article Dependence on External Finance by Manufacturing Sector: Examining the Measure and its Properties, Economie Internationale, CEPII research center (2007) View citations (6) (2007)

2006

9. Dependence on external finance: an inherent industry characteristic?
   Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank View citations (19)
   See also Journal Article Dependence on External Finance: An Inherent Industry Characteristic?, Open Economies Review, Springer (2006) View citations (19) (2006)

2004

10. Consumption Smoothing Across States and Time: International Insurance vs. Foreign Loans
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank
11. The Contribution of Rapid Financial Development to Asymmetric Growth of Manufacturing Industries: Common Claims vs. Evidence for Poland
    Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

1997

12. Financial Integration in North America and in Europe Among Neighboring Countries at Different Stages of Development
    Working Papers, American Institute for Contemporary German Studies-

Journal Articles

2014

1. Bank Heal Thyself: Benefits of Adding CoCos to the Balance Sheet
   CESifo Forum, 2014, 15, (03), 65-71 View citations (1)

2013

2. Determinants of the Interest Rate Premium on Contingent Convertible Bonds (CoCos)
   Journal of Financial Perspectives, 2013, 1, (2), 133-144 View citations (1)
3. Who or what has been hobbling CoCos: three essentials for making CoCos a success
   Journal of Financial Transformation, 2013, 36, 93-104

2012

4. Comment on “Are the government-sponsored enterprises (GSEs) justified?”
   Housing Policy Debate, 2012, 22, (2), 141-147
5. Mega-Banks' Self-Insurance with Cocos: A Work in Progress
   Global Credit Review (GCR), 2012, 02, (01), 53-77 View citations (2)
   See also Working Paper Mega-Banks' Self-Insurance with Cocos: A Work in Progress, Working Papers (2012) View citations (2) (2012)
   Chapter Mega-Banks' Self-Insurance with Cocos: A Work in Progress, World Scientific Book Chapters, 2012, 53-77 (2012) View citations (2) (2012)

2009

6. Comment
   NBER International Seminar on Macroeconomics, 2009, 5, (1), 228 - 237
7. U.S. executive-branch transgressions in the depth of the 2007-09 financial crisis
   Journal of Financial Transformation, 2009, 27, 29-34

2008

8. Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives
   Open Economies Review, 2008, 19, (4), 539-556 View citations (1)
   See also Working Paper Assessing the Competitiveness of International Financial Services in Particular Locations: A Survey of Methods and Perspectives, CAEPR Working Papers (2007) (2007)
9. Performance Measurement under Rational International Overpromising Regimes
   Journal of Public Policy, 2008, 28, (3), 261-287
   See also Working Paper Performance Measurement under Rational International Overpromising Regimes, CAEPR Working Papers (2008) (2008)
10. REVALUATION PRESSURE AND NEW EXCHANGE RATE ARRANGEMENTS FOR EAST ASIA: A SYMPOSIUM
    Pacific Economic Review, 2008, 13, (1), 40-45

2007

11. Dependence on External Finance by Manufacturing Sector: Examining the Measure and its Properties
    Economie Internationale, 2007, (111), 55-80 View citations (6)
    See also Working Paper Dependence on External Finance by Manufacturing Sector: Examining the Measure and its Properties, CAEPR Working Papers (2007) View citations (6) (2007)
12. The Economics of Offshore Financial Services and the Choice of Tax, Currency, and Exchange Rate Regime
    Journal of Financial Transformation, 2007, 19, 49-64 View citations (1)

2006

13. Consumption smoothing across states and time: International insurance versus foreign loans
    Journal of Policy Modeling, 2006, 28, (1), 1-23
14. Dependence on External Finance: An Inherent Industry Characteristic?
    Open Economies Review, 2006, 17, (4), 541-559 View citations (19)
    See also Working Paper Dependence on external finance: an inherent industry characteristic?, Discussion Paper Series 1: Economic Studies (2006) View citations (19) (2006)
15. Mexico versus Canada: Stability benefits from making common currency with USD?
    The North American Journal of Economics and Finance, 2006, 17, (1), 65-78
    Also in Journal of Entrepreneurial Finance, 2005, 10, (2), 15-37 (2005)

2005

16. Global Capital Markets, Integration, Crisis and Growth
    Comparative Economic Studies, 2005, 47, (3), 591-593 View citations (3)
17. Overcoming Past Obstacles to Insurance in the New EU Countries
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2005, 30, (2), 296-311

2004

18. Bolsa or NYSE: price discovery for Mexican shares
    Journal of International Financial Markets, Institutions and Money, 2004, 14, (4), 295-311 View citations (12)
19. Overcoming Chinese Monetary Division and External Anchoring in East Asia
    Asian Economic Papers, 2004, 3, (1), 27-54 View citations (1)

2003

20. Price Insurance Aspects of Monetary Union
    Journal of Common Market Studies, 2003, 41, (3), 519-539 View citations (4)

2002

21. One Region, One Money: Implications of Regional Currency Consolidation for Financial Services&ast
    The Geneva Papers on Risk and Insurance - Issues and Practice, 2002, 27, (1), 5-28
22. One Region, One Money?
    The ANNALS of the American Academy of Political and Social Science, 2002, 579, (1), 106-122
23. Should Small Countries Join an Existing Monetary Union ?
    Journal of Economic Integration, 2002, 17, 104-132 View citations (3)

2001

24. Hopes and delusions of transparency1
    The North American Journal of Economics and Finance, 2001, 12, (1), 105-120 View citations (2)
25. Pressures for currency consolidation in insurance and finance: Are the currencies of financially small countries on the endangered list?
    Journal of Policy Modeling, 2001, 23, (3), 321-331 View citations (1)
26. Silent Revolution: The International Monetary Fund 1979–1989 by J. M. Boughton
    Open Economies Review, 2001, 12, (4), 435-441

2000

27. A Case against U.S. Dollarization
    Challenge, 2000, 43, (4), 108-120 View citations (3)
28. Monetary unions--a superior alternative to full dollarization in the long run
    The North American Journal of Economics and Finance, 2000, 11, (2), 205-225 View citations (6)

1998

29. Conditional Indexation Bias in Yields Reported on Inflation-Indexed Securities with Special Reference to UDIBONOS and TIPS
    Economía Mexicana NUEVA ÉPOCA, 1998, VII, (2), 149-188 View citations (1)
30. From Worldwide Capital Mobility to International Financial Integration: A Review Essay
    Open Economies Review, 1998, 9, (1), 53-84 View citations (12)
31. Price Stability: How Canada's Governor Crow Approached It
    Journal of Policy Modeling, 1998, 20, (3), 335-360

1996

32. Indicators of financial development
    The North American Journal of Economics and Finance, 1996, 7, (1), 19-29 View citations (6)
33. Introduction: Financial infrastructure development in the NAFTA countries
    The North American Journal of Economics and Finance, 1996, 7, (2), 111-114
34. Monetary Union: Still Doming in Europe and North America?
    Challenge, 1996, 39, (4), 34-39 View citations (1)
35. The Political Temptations of Rationing by Insiders
    Public Choice, 1996, 88, (1-2), 69-81 View citations (1)

1994

36. Capital and the Division of Production: Global at Last?
    Challenge, 1994, 37, (5), 4-10

1993

37. Growth and income distribution benefits of north american monetary union for Mexico
    The North American Journal of Economics and Finance, 1993, 4, (1), 127-143 View citations (4)
38. Reducing real exchange rate variability and drift: Mexico on the way to North American monetary union?
    The North American Journal of Economics and Finance, 1993, 4, (2), 253-269 View citations (6)

1991

39. Policy undertakings by the seven "summit" countries: ascertaining the degree of compliance
    Carnegie-Rochester Conference Series on Public Policy, 1991, 35, (1), 267-307 View citations (13)
40. Scoring the success of sanctions
    Open Economies Review, 1991, 2, (3), 305-313 View citations (1)

1989

41. International Stock Price Movements: Links and Messages
    Brookings Papers on Economic Activity, 1989, 20, (1), 125-180 View citations (123)

1988

42. Life Cycle Saving: A General Paradigm or a Caricature of the Petite-Bourgeoisie
    Annals of Economics and Statistics, 1988, (9), 183-198
43. Macroeconomic Implications of the Information Revolution
    American Economic Review, 1988, 78, (2), 178-81

1986

44. Supply-Side Modeling from Bits and Pieces
    American Economic Review, 1986, 76, (2), 37-42
45. Tax and Spend, or Spend and Tax?
    The Review of Economics and Statistics, 1986, 68, (2), 179-88 View citations (72)
46. Techniques for measuring the welfare effects of protection: Appraising the choices
    Journal of Policy Modeling, 1986, 8, (2), 273-303 View citations (4)

1985

47. Adjustment with IMF lending
    Journal of International Money and Finance, 1985, 4, (2), 209-222 View citations (2)
48. Have Taxes Led Government Expenditures? The United States as a Test Case
    Journal of Public Policy, 1985, 5, (3), 321-348 View citations (12)

1983

49. Domestic Determinants of the Current Account Balance of the United States
    The Quarterly Journal of Economics, 1983, 98, (3), 401-425 View citations (1)
50. Internationally Managed Moneys
    American Economic Review, 1983, 73, (2), 54-58
51. The Uncertain Effects of Inflationary Finance on Growth in Developing Countries
    Public Finance = Finances publiques, 1983, 38, (2), 232-66 View citations (1)

1982

52. New estimates of the demand for non-gold reserves under floating exchange rates
    Journal of International Money and Finance, 1982, 1, (1), 81-95 View citations (2)
53. The Effect of the Changing Size and Composition of Government Purchases on Potential Output: A Reply
    The Review of Economics and Statistics, 1982, 64, (3), 527-28

1981

54. An Analysis of Factors Influencing the Level of SDR Holdings in Non-Oil Developing Countries (Analyse des facteurs qui ont une influence sur le niveau des avoirs en DTS des pays en développement non exportateurs de pétrole) (Análisis de los factores que influyen en el nivel de tenencias de DEG de los países en desarrollo no petroleros)
    IMF Staff Papers, 1981, 28, (2), 310-337
55. Incentives for International Currency Diversification by U. S. Financial Investors (Peut-on inciter les investisseurs financiers des Etats-Unis à diversifier la composition de leurs placements en devises?) (Incentivos a la diversificación monetaria internacional por parte de los inversionistas financieros privados de Estados Unidos)
    IMF Staff Papers, 1981, 28, (3), 477-494 View citations (1)

1980

56. Domestic Determinants of Net U. S. Foreign Investment (Facteurs intérieurs déterminant l'investissement net étranger dans les comptes nationaux des Etats-Unis) (Factores determinantes internos de la inversión externa neta de Estados Unidos)
    IMF Staff Papers, 1980, 27, (4), 637-678
57. Inflation, Taxes, and Welfare in LDCs
    Public Finance = Finances publiques, 1980, 35, (2), 183-212
58. Private Saving
    American Economic Review, 1980, 70, (2), 177-81 View citations (11)
59. THE INFLATION PROCESS IN INDUSTRIAL COUNTRIES INDIVIDUALLY AND COMBINED
    Kyklos, 1980, 33, (2), 261-286
60. The Effect of the Changing Size and Composition of Government Purchases on Potential Output
    The Review of Economics and Statistics, 1980, 62, (1), 74-80

1979

61. Expectations, Tobin's q, and Industry Investment
    Journal of Finance, 1979, 34, (2), 549-61 View citations (9)

1978

62. The Impact of the GNMA Tandem Plans: A Reply
    Journal of Money, Credit and Banking, 1978, 10, (3), 385-87
63. The Long-Term Effects of Government Deficits on the U.S. Output Potential
    Journal of Finance, 1978, 33, (3), 989-1001

1977

64. Corporate Investment: Does Market Valuation Matter in the Aggregate?
    Brookings Papers on Economic Activity, 1977, 8, (2), 347-408 View citations (41)
65. Financial Analysis in an Inflationary Environment
    Journal of Finance, 1977, 32, (2), 575-88 View citations (5)
66. The Government and Capital Formation: A Survey of Recent Issues
    Journal of Economic Literature, 1977, 15, (3), 835-78 View citations (7)

1976

67. Distribution Effects of GNMA Home Mortgage Purchases and Commitments under the Tandem Plans
    Journal of Money, Credit and Banking, 1976, 8, (3), 373-89
68. Stabilization Characteristics of Unemployment Insurance
    ILR Review, 1976, 29, (3), 363-376 View citations (7)

1975

69. The Effects of Race and Age of Housing on Mortgage Delinquency Risk
    Urban Studies, 1975, 12, (1), 85-89 View citations (5)

1974

70. Estimation of Delinquency Risk for Home Mortgage Portfolios
    Real Estate Economics, 1974, 2, (1), 5-19 View citations (13)
71. Home Mortgage Delinquencies: A Cohort Analysis
    Journal of Finance, 1974, 29, (5), 1545-48 View citations (18)
72. The Interrelation Between Labor and Capital Components of Racial Income Differences
    Journal of Political Economy, 1974, 82, (1), 152-62
73. Welfare criteria for comparing changes within and between economic systems
    Review of World Economics (Weltwirtschaftliches Archiv), 1974, 110, (4), 690-704

1973

74. Stabilization Goals and the Appropriateness of Fiscal Policy During the Eisenhower and Kennedy-Johnson Administrations
    Public Finance Review, 1973, 1, (1), 5-28 View citations (1)
    Also in Public Finance Review, 1973, 1, (2), 5-28 (1973)
75. The Equilibrium Spread between Variable Rates and Fixed Rates on Long-Term Financing Instruments
    Journal of Financial and Quantitative Analysis, 1973, 8, (5), 807-819
76. Welfare Maximization: Samuelson's Analysis with Public and Private Goods
    Public Finance Review, 1973, 1, (4), 426-436

1972

77. The Upward Bias in the Consumer Price Index due to Substitution
    Journal of Political Economy, 1972, 80, (6), 1280-86 View citations (2)

1971

78. Place of Residence and Employment Opportunities Within a Metropolitan Area
    Journal of Economic Issues, 1971, 5, (2), 101-116
79. The Pareto Optimal Approach to Income Redistribution: A Fiscal Application
    American Economic Review, 1971, 61, (4), 628-37 View citations (13)

1970

80. Interstate Differences in Mortgage Lending Risks: An Analysis of the Causes
    Journal of Financial and Quantitative Analysis, 1970, 5, (2), 229-242
81. Risk Structures and the Distribution of Benefits within the FHA Home Mortgage Insurance Program
    Journal of Money, Credit and Banking, 1970, 2, (3), 303-22 View citations (4)

1969

82. Default Risk on FHA-Insured Home Mortgages as a Function of the Terms of Financing: A Quantitative Analysis
    Journal of Finance, 1969, 24, (3), 459-77 View citations (28)

Books

2014

1. Contingent Convertibles [CoCos]:A Potent Instrument for Financial Reform
   World Scientific Books, World Scientific Publishing Co. Pte. Ltd. View citations (2)

2006

2. The Adoption of the Euro, Choice of Currency Regime and Integration of Payment Systems
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (1)

Edited books

2004

1. Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability
   OUP Catalogue, Oxford University Press View citations (19)

Chapters

2014

1. Actual or Prospective Recovery Rates from Converting Cocos
   Chapter 12 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 127-135
2. Automatic Cocos Conversion vs. Voluntary Restructuring
   Chapter 8 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 85-91
3. Cocos and the Struggle to Preserve Going-Concern Value
   Chapter 3 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 38-48
4. Conclusions and Recommendations for Cocos Design and Evaluations
   Chapter 18 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 241-251
5. Determining Conversion Price and Risk Premium in Cocos
   Chapter 10 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 103-119
6. Government Capital Injections and Bailout Cocos
   Chapter 13 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 136-144
7. High-Trigger Cocos Compared with Other Bailinable Debt
   Chapter 6 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 71-76
8. Introduction
   Chapter 1 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 3-12
9. Major Credit Rating Agencies' Approaches to Rating Cocos
   Chapter 16 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 170-188
10. Misuses of Cocos in Government-Led Recapitalizations of Banks
    Chapter 14 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 145-155
11. Overview of Basel III Implementation Most Relevant for Cocos
    Chapter 2 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 13-37
12. Reasons for Having Cocos Liabilities on the Balance Sheet
    Chapter 9 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 92-100
13. Regulatory Requirements at Cross-Purposes
    Chapter 17 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 189-240
14. Self-Insurance with Cocos Compared to Common Equity
    Chapter 7 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 77-84
15. Strategic Policy Objectives in Privatizing the TBTF Backstop
    Chapter 5 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 59-68
16. The Tax Treatment of the Interest Paid on Cocos
    Chapter 15 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 159-169
17. The Treatment of TBTF Financial Institutions in the Last Crisis
    Chapter 4 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 49-58
18. Write-Down-Only Cocos
    Chapter 11 in Contingent Convertibles [CoCos] A Potent Instrument for Financial Reform, 2014, pp 120-126

2012

19. Mega-Banks' Self-Insurance with Cocos: A Work in Progress
    Chapter 4 in Global Credit Review, 2012, pp 53-77 View citations (2)
    See also Journal Article Mega-Banks' Self-Insurance with Cocos: A Work in Progress, World Scientific Publishing Co. Pte. Ltd. (2012) View citations (2) (2012)
    Working Paper Mega-Banks' Self-Insurance with Cocos: A Work in Progress, Hong Kong Institute for Monetary Research (2012) View citations (2) (2012)

2009

20. Comment on "Exchange Rate Regimes and the Extensive Margin of Trade"
    A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 228-237

1977

21. Flow-of-Funds Analysis and the Economic Outlook
    A chapter in Annals of Economic and Social Measurement, Volume 6, number 1, 1977, pp 1-25