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Ilzetzki, Ethan; Reinhart, Carmen M.; Rogoff, Kenneth S. - National Bureau of Economic Research - 2021

currencies for much of the world. Our discussion encompasses the history of anchor currency choice, methods for classifying …

Persistent link: https://www.econbiz.de/10012660025

Why Is the Euro Punching Below Its Weight?

Ilzetzki, Ethan - 2020

On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We document this fact with a wide range of indicators including its role as an anchor or reference in exchange rate arrangements--which we argue is a portmanteau measure--and as a...

Persistent link: https://www.econbiz.de/10012479284

On the Global Impact of Risk-off Shocks and Policy-put Frameworks

Caballero, Ricardo J. - 2019

Global risk-off shocks can be highly destabilizing for financial markets and, absent an adequate policy response, may trigger severe recessions. Policy responses were more complex for developed economies with very low interest rates after the Global Financial Crisis (GFC). We document, however,...

Persistent link: https://www.econbiz.de/10012479979

From Financial Crash to Debt Crisis

Reinhart, Carmen M. - 2010

analysis is on three related hypotheses tested with both "world" aggregate levels and on an individual country basis. First …

Persistent link: https://www.econbiz.de/10012462855

Growth in a Time of Debt

Reinhart, Carmen M. - 2010

We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...

Persistent link: https://www.econbiz.de/10012463011

The "Other" Imbalance and the Financial Crisis

Caballero, Ricardo J. - 2010

the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

Persistent link: https://www.econbiz.de/10012463014

Three Epochs of Oil

Dvir, Eyal - 2009

, the real price of oil has tended to be highly persistent and volatile whenever rapid industrialization in a major world …

Persistent link: https://www.econbiz.de/10012463721

Global Imbalances and Financial Fragility

Caballero, Ricardo J. - 2009

behind this crisis is the large demand for riskless assets from the rest of the world. In this paper we present a model to …

Persistent link: https://www.econbiz.de/10012463959

The Aftermath of Financial Crises

Reinhart, Carmen M. - 2009

major post-World War II episodes. The main cause of debt explosions is usually not the widely cited costs of bailing out and …

Persistent link: https://www.econbiz.de/10012463993

Financial Crash, Commodity Prices and Global Imbalances

Caballero, Ricardo J. - 2008

In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply

Persistent link: https://www.econbiz.de/10012464126