[1] "What Moves Capital to Transition Economies?" (with Pietro Garibaldi, Ratna Sahay, Jeromin Zettelmeyer). IMF Staff Papers (now known as IMF Economic Review), 2002, Vol 48 special issue. Link
Files for "What moves capital to transition economies?":
Method Used in Constructing the Restrictions Indices, Word File Link
Restrictions Data, Excel File Link
[2] "Sovereign Credit Ratings: Guilty Beyond Reasonable Doubt?", Journal of Banking and Finance, July 2006, Volume 30, Issue 7. Link
Files for "Sovereign credit ratings: guilty beyond reasonable doubt?":
Documentation, Excel File Link
Annual data, Stata File Link
Daily data, Stata File Link
Program 1, Eviews File Link
Program 2, Stata File Link
Tables & Figures, Excel File Link
[3] "The Effect of Bank Credit on Asset Prices: Evidence from the Japanese Real Estate Boom During the 1980s", Journal of Money, Credit, and Banking, February 2008, Volume 40. Link
A previous version appeared in the Working Paper Series of the Center on Japanese Economy and Business at Columbia Business School, WP 238, 2005. Link
Files for "The effect of bank credit on asset prices":
Extension of Kiyotaki and Moore: A Note PDF Link
Robustness Checks PDF Link
Footnote 8: Table 5 Excel Link
[4] “Towards a Framework for Quantifying Systemic Stability” (with Piergiorgio Alessandri, Prasanna Gai, Sujit Kapadia, and Claus Puhr). International Journal of Central Banking, September 2009, Volume 5. Link
[5] “Funding Liquidity Risk in a Quantitative Model of Systemic Stability” (with David Aikman, Piergiorgio Alessandri, Bruno Eklund, Prasanna Gai, Sujit Kapadia, Elizabeth Martin, Gabriel Sterne and Matthew Willison) In the Central Bank of Chile’s Series on Central Banking, Analysis, and Economic Policies, (R. Alfaro, ed.), Volume XV, 2010. Link
A previous version appeared as Bank of England Working Paper No 372, June, 2009. Link
[6] “Shocks to Bank Capital: Evidence from UK Banks at Home and Away” (with Andrew Logan), Applied Economics, 2012, Volume 44(9). Link
A previous version appeared as Bank of England Working Paper No 387, March 2010. Link
[7] “Foreign Currency Borrowing by Small Firms in Emerging Markets: When Domestic Banks Intermediate Dollars” (with Simon Neaime and Sebouh Aintablian), Journal of Banking and Finance, 2013, Volume 37, Issue 3. Link
[8] “The Bank Lending Channel in a Partially Dollarized Economy” Journal of Applied Economics, 2013, Vol. XVI, No. 1, 121-151. Link
Files for "The Bank Lending Channel in a Partially Dollarized Economy":
Theory Appendix PDF Link
[9] “Reason for Reserve? Reserve Requirements and Credit”, 2014, Journal of Money, Credit and Banking, Vol. 46, Issue 2-3, 469-501. Link
Working Paper Link
[10] “Lender Exposure and Effort in the Syndicated Loan Market”, 2015, Journal of Risk and Insurance, Vol. 82, Issue 1, 205-252. Link
Working Paper Link
[11] “A Crisis of Banks as Liquidity Providers” (with Viral Acharya), 2015, Journal of Finance, Vol. 70, Issue 1, 1-43. Link
Earlier circulated as “Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis”. Working paper Link
[12] “Creditor Recovery: The Macroeconomic Dependence of Industry Equilibrium”, 2015, Journal of Financial Stability, Vol. 18, 172-186. Link
Working Paper Link
[13] “Bank Funding Costs in a Rising Interest Rate Environment” (with Jeffrey R. Gerlach and Pinar Uysal), 2018, Journal of Banking and Finance, February, Vol. 87, p.164-186. Link
[14] "Financial Inclusion, Bank Market Structure, and Financial Stability: International Evidence” (with Khalil Feghali and Pamela Nassif), The Quarterly Review of Economics and Finance, 2021, May, Vol. 80, p.236-257. Link
“Can Banks Provide Liquidity in a Financial Crisis?” Federal Reserve Bank of Kansas City Economic Review, 2010, Vol. 95, third quarter. Link
“What Determines Creditor Recovery Rates?” Federal Reserve Bank of Kansas City Economic Review, 2012, Vol. 97, second quarter. Link
“The Weakened Transmission of Monetary Policy to Consumer Loan Rates” Federal Reserve Bank of Kansas City Economic Review, 2014, Vol. 99, first quarter. Link
The Harvard Law School Forum on Corporate Governance and Financial Regulation blog post on “A Crisis of Banks as Liquidity Providers”, December 8, 2014, Link