Bailouts and Financial
Fragility, June 2010. ← new version
Banking
Panics and Policy Responses, with Huberto Ennis,
Journal of Monetary Economics, Vol 57, No. 4 (2010) 404-419.
See also:
earlier version of paper, Federal Reserve Bank of New York Staff Report
No. 274
Comment
on: "A model of a systemic bank run" by Harald
Uhlig, Journal
of Monetary Economics, Vol. 57, No. 1:Carnegie-Rochester Conference Series
on Public Policy (2010) 97-100.
Bank Runs and Institutions: The Perils of Intervention, with Huberto Ennis, American Economic Review, Vol 99 (2009) 1588-1607.
See also: Supplemental Appendix to the paper
Run
Equilibria in the Green-Lin Model of Financial Intermediation, with Huberto Ennis,
Journal of Economic Theory, Vol. 144 (2009) 1996-2020.
See also: earlier version of paper, Federal Reserve Bank of New York Staff Report No. 312.
Expectations and Contagion in Self-Fulfilling Currency Attacks,
International
Economic Review,
Vol. 50 (2009) 991-1012.
Bank Runs as Coordination Failures: An Experimental Study, with Rod Garratt, Journal of Economic Behavior & Organization, Vol. 71 (2009) 300–317.
Bank Runs and Investment Decisions Revisited, with Huberto Ennis, Journal of Monetary Economics, Vol. 53 (2006) 217-232.
See also: Supplemental Appendix to the paper
Discount Window Policy, Banking Crises, and Indeterminacy of Equilibrium, with Gaetano Antinolfi, Macroeconomic Dynamics, Vol. 10 (2006) 1-19.
Optimal Fiscal Policy under Multiple Equilibria, with Huberto Ennis, Journal of Monetary Economics, Vol. 52 (2005) 1359-1377.
Government Policy and the Probability of Coordination Failures, with Huberto Ennis, European Economic Review, Vol. 49 (2005) 939-973.
Comparing Sunspot Equilibrium and Lottery Equilibrium Allocations: The Finite Case, with Rod Garratt and Karl Shell, International Economic Review, Vol. 45 (2004) 351-386.
Economic Growth, Liquidity, and Bank Runs, with Huberto Ennis, Journal of Economic Theory, Vol. 109 (2003) 220-245.
Equilibrium Prices when the Sunspot
Variable is Continuous, with Rod
Garratt, Cheng-Zhong Qin, and Karl Shell, Journal of Economic Theory,
Vol. 107 (2002) 11-38.
A Characterization of
Robust Sunspot Equilibria, with Rod Garratt, Journal of
Economic Theory, Vol. 107 (2002) 136-144.
Monetary Stability and Liquidity
Crises: The Role of the Lender of Last Resort, with Gaetano Antinolfi and Elisabeth Huybens, Journal
of Economic Theory, Vol. 99 (2001) 187-219.
Money Taxes, Market Segmentation, and Sunspot
Equilibria, Macroeconomic Dynamics, Vol. 5 (2001) 327-352.
Growth Dynamics and Returns to Scale:
Bifurcation Analysis, with Gaetano
Antinolfi and Karl Shell, Journal
of Economic Theory, Vol. 96 (2001) 70-96.
Money Taxes and
Efficiency when Sunspots Matter, Journal of
Economic Theory, Vol. 83 (1998) 43-68.
Options and Sunspots in a Simple Monetary Economy, with Gaetano Antinolfi, Economic Theory, Vol. 11 (1998) 295-315.
On the Fundamental Reasons for Bank Fragility, with Huberto
Ennis, Economic Quarterly, Federal
Reserve Bank of
Why Are Banks Holding So Many Excess Reserves? with Jamie McAndrews, Current Issues in Economics and Finance, Federal Reserve Bank of New York, Vol. 15, No. 8 (December 2009). Revised version of Staff Report No. 380.
Understanding Monetary Policy Implementation, with Huberto Ennis, Economic
Quarterly, Federal Reserve
Bank of
See also: Technical Appendix to the paper
Divorcing Money from Monetary Policy, with Antoine
Martin and Jamie
McAndrews, Economic Policy Review, Federal Reserve Bank of
Dollarization as a Monetary Arrangement for Emerging Market Economies, with Gaetano Antinolfi, Federal Reserve Bank of St. Louis Review, Vol. 83 (November/December 2001), 29-39.
Lecture Notes on Optimal Growth, mimeo., January 2005.
Liquidity Crises and Discount Window Lending: Theory and Implications for the Dollarization Debate, with Gaetano Antinolfi, Centro de Investigación Económica Discussion Paper 00-02, ITAM, September 2000.