Proposal for a new IMF role: SWF manager
The IMF as a reserve manager Michael Bordo, Harold James18 June 2008The IMF needs a new job. This column makes the case for the bold proposal that the IMF should manage a significant part of the new...
View ArticleFear of appreciation: Asian exchange rate asymmetry
Asian exchange rate asymmetry Victor Pontines, Ramkishen S. Rajan19 November 2008Why are emerging Asian economies accumulating massive foreign exchange reserve stocks? Much research has focused on...
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Needed: Rapid and large liquidity funding for emerging markets
Rapid and large liquidity funding for emerging markets Guillermo Calvo, Rudy Loo-Kung10 December 2008Emerging markets are weaker than the G7, and if they undertake expansionary monetary and fiscal...
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The fear of depleting international reserves
International reserve losses in the 2008-9 crisis: From “fear of floating” to the “fear of losing international reserves”? Joshua Aizenman, Yi Sun15 October 2009Emerging markets accumulated massive...
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Hoarding international reserves: Lessons from the crisis
Alternatives to sizeable hoarding of international reserves: Lessons from the global liquidity crisis Joshua Aizenman30 November 2009The spectacular increase in hoarding of international reserves by...
View ArticleWhy don’t commodity exporters hedge against price fluctuations?
Hedging against commodity prices and precautionary reserves Eduardo Borensztein, Olivier Jeanne, Damiano Sandri15 December 2009Accumulating large foreign exchange reserves is a costly insurance...
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Early warning indicators and the 2008-09 crisis: New evidence
Reserves and other early warning indicators work in crisis after all Jeffrey Frankel, George Saravelos01 July 2010Can “early warning indicators” predict which countries are most vulnerable to a...
View ArticleThe dollar question: Where are we?
The dollar question: Where are we? Kati Suominen09 July 2010The global crisis has led some to question the dollar’s place as the dominant currency. This column discusses three camps in the literature:...
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Central banks and gold puzzles
Central banks and gold puzzles Joshua Aizenman, Kenta Inoue19 March 2012The patterns of gold holding remain a debatable topic at times when the relative price of gold has appreciated while the global...
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Central Bank reserve creation in the era of negative money multipliers
Central Bank reserve creation in the era of negative money multipliers Manmohan Singh, Peter Stella07 May 2012Are central banks printing vast quantities of money? This column explains how...
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Needed: Rapid and large liquidity funding for emerging markets
Rapid and large liquidity funding for emerging markets Guillermo Calvo, Rudy Loo-Kung10 December 2008Emerging markets are weaker than the G7, and if they undertake expansionary monetary and fiscal...
View ArticleClik here to view.
The fear of depleting international reserves
International reserve losses in the 2008-9 crisis: From “fear of floating” to the “fear of losing international reserves”? Joshua Aizenman, Sun Yi15 October 2009Emerging markets accumulated massive...
View ArticleClik here to view.
Hoarding international reserves: Lessons from the crisis
Alternatives to sizeable hoarding of international reserves: Lessons from the global liquidity crisis Joshua Aizenman30 November 2009The spectacular increase in hoarding of international reserves by...
View ArticleWhy don’t commodity exporters hedge against price fluctuations?
Hedging against commodity prices and precautionary reserves Eduardo Borensztein, Olivier Jeanne, Damiano Sandri15 December 2009Accumulating large foreign exchange reserves is a costly insurance...
View ArticleClik here to view.
Early warning indicators and the 2008-09 crisis: New evidence
Reserves and other early warning indicators work in crisis after all Jeffrey Frankel, George Saravelos01 July 2010Can “early warning indicators” predict which countries are most vulnerable to a...
View ArticleThe dollar question: Where are we?
The dollar question: Where are we? Kati Suominen09 July 2010The global crisis has led some to question the dollar’s place as the dominant currency. This column discusses three camps in the literature:...
View ArticleClik here to view.
Central banks and gold puzzles
Central banks and gold puzzles Joshua Aizenman, Kenta Inoue19 March 2012The patterns of gold holding remain a debatable topic at times when the relative price of gold has appreciated while the global...
View ArticleClik here to view.
Central Bank reserve creation in the era of negative money multipliers
Central Bank reserve creation in the era of negative money multipliers Manmohan Singh, Peter Stella07 May 2012Are central banks printing vast quantities of money? This column explains how...
View ArticleClik here to view.
Global Crisis in the US vs the Eurozone: Banks and monetary policy
Global Crisis in the US vs the Eurozone: Banks and monetary policy Alex Cukierman16 April 2016Both the US and the Eurozone reacted to the Global Crisis by injecting liquidity and loosening monetary...
View ArticleHow bank networks amplify financial crises: Evidence from the Great Depression
How bank networks amplify financial crises: Evidence from the Great Depression Kris Mitchener, Gary Richardson28 May 2016The Global Crisis emphasised the fragility of international financial networks....
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