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What the world can learn from Argentina's holdout saga
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Comparing the 1932 open market purchases and quantitative easing
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US elections, interest rates, and Europe’s monetary sovereignty
Decoupling Eurozone and US interest rates using unconventional monetary policy Benoit Mojon04 March 2017In the last two decades, there has been substantial co-movement of US and Eurozone interest...
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What history tells us about state-contingent debt instruments
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What the world can learn from Argentina's holdout saga
What the world can learn from Argentina's holdout saga Juan José Cruces, Eduardo Levy Yeyati20 May 2016As Argentina’s protracted and litigious restructuring saga comes to an end, it is natural to ask...
View ArticleClik here to view.
Why it doesn't make sense to hold bonds
Why it doesn't make sense to hold bonds Balazs Csullag, Jon Danielsson, Robert Macrae26 June 2016Investor demand for bonds is very high. This column argues that this is surprising because under almost...
View ArticleClik here to view.
ESBies: Safety in the tranches
ESBies: Safety in the tranches Markus K Brunnermeier, Sam Langfield, Marco Pagano, Ricardo Reis, Stijn Van Nieuwerburgh, Dimitri Vayanos20 September 2016The Eurozone lacks a safe asset that is...
View ArticleClik here to view.
Comparing the 1932 open market purchases and quantitative easing
A lesson from the Great Depression that the Fed might have learned: A comparison of the 1932 open market purchases with quantitative easing Michael Bordo, Arunima Sinha20 November 2016In the wake of...
View ArticleClik here to view.
US elections, interest rates, and Europe’s monetary sovereignty
Decoupling Eurozone and US interest rates using unconventional monetary policy Benoit Mojon04 March 2017In the last two decades, there has been substantial co-movement of US and Eurozone interest...
View ArticleClik here to view.
What history tells us about state-contingent debt instruments
What history tells us about state-contingent debt instruments Myrvin L. Anthony, Narcissa Balta, Tom Best, Sanaa Nadeem, Eriko Togo06 June 2017The case for state-contingent debt instruments, linking...
View ArticleClik here to view.
A toolkit for state-contingent debt instruments
Simulating the impact of state-contingent debt instruments on sovereign finances: An Excel toolkit Tom Best, Christopher Dielmann, Meghan Greene, Tania Mohd Nor06 June 2017State-contingent debt...
View ArticleClik here to view.
323 years of UK national debt
323 years of UK national debt Martin Ellison, Andrew Scott20 October 2017A new dataset for the market value of British government debt makes a long-run analysis of fiscal sustainability and debt...
View ArticleHow is the sovereign debt crisis influencing policy implications in Europe?
In the traditional framework, sovereigns face default if they cannot repay maturing debt. Mark Aguiar discusses the concept of 'rollover crises', in which sovereigns can find new debt to pay off...
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The rise of the dollar and fall of the euro in global asset trade
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