Details about Marcus Miller

Phone:	(44)7775901322
Postal address:	Department of Economics, University of warwick, Coventry, CV47AL, England
Workplace:	Department of Economics, University of Warwick, (more information at EDIRC) Peter G. Peterson Institute for International Economics (IIE), (more information at EDIRC) Centre for Economic Policy Research (CEPR), (more information at EDIRC)

Access statistics for papers by Marcus Miller.

Last updated 2024-11-06. Update your information in the RePEc Author Service.

Short-id: pmi133

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Working Papers

2024

1. The virtuous spiral of Smithian growth: colonialism as a contradiction
   CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
   Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2024)

2023

2. On the promises and perils of Smithian growth – from pin factory to AI
   CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
3. On the promises and perils of Smithian growth – from pin factory to AI
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
   See also Journal Article ON THE PROMISES AND PERILS OF SMITHIAN GROWTH: FROM PIN FACTORY TO AI, National Institute Economic Review, National Institute of Economic and Social Research (2023) (2023)

2022

4. Deep historical roots, culture choice and the New World Order
   CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
   Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2022)
5. Deep historical roots, culture choice and the ‘New World Order’
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
6. Historical roots, cultural selection and the "New World Order"
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
7. Historical roots, cultural selection and the ‘New World Order’
   CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)

2021

8. Choosing the narrative: the shadow banking crisis in light of Covid
   CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) View citations (2)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2021) View citations (2)
   See also Journal Article Choosing the Narrative: the Shadow Banking Crisis in Light of Covid, Open Economies Review, Springer (2021) View citations (2) (2021)
9. Without liberty and justice, what extremes to expect? Two contemporary perspectives
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics
   Also in CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2021)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)

2019

10. Externalities and financial crisis - enough to cause collapse?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2019) View citations (1)
    CRETA Online Discussion Paper Series, Centre for Research in Economic Theory and its Applications CRETA (2019) View citations (1)
11. The Financial Alchemy that Failed
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) View citations (1)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2018)

2017

12. Subprime assets and financial crisis: theory, policy and the law
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)

2016

13. A comedy of errors: misguided policy, mis-sold mortgages, and more
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
14. Waiting for a haircut? A bargaining perspective on sovereign debt restructuring
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article Waiting for a haircut? A bargaining perspective on sovereign debt restructuring, Oxford Economic Papers, Oxford University Press (2019) View citations (5) (2019)

2015

15. In the shadow of the Gulag: worker discipline under Stalin
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) View citations (8)
    See also Journal Article In the shadow of the Gulag: Worker discipline under Stalin, Journal of Comparative Economics, Elsevier (2015) View citations (8) (2015)
16. Writing-down debt with heterogeneous creditors: lock laws and late swap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    See also Journal Article Writing-Down Debt with Heterogeneous Creditors: Lock Laws and Late Swaps, Journal of Globalization and Development, De Gruyter (2015) View citations (4) (2015)

2014

17. Macro coordination: Forward Guidance as ?cheap talk??
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
18. Macroeconomics after the crisis ? hedgehog or fox?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
19. Saving the Euro: self-fulfilling crisis and the ?Draghi Put?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    See also Chapter Saving the Euro: Self-fulfilling Crisis and the “Draghi Put”, International Economic Association Series, Palgrave Macmillan (2014) View citations (3) (2014)

2013

20. Eurozone Sovereign Debt Restructuring: promising legal prospects?
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
21. Fiscal consolidation: Dr Pangloss meets Mr Keynes
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) View citations (1)
22. Fiscal consolidation: austerity and alternatives
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
23. The Invisible Hand and the Banking Trade: Seigniorage, Risk-shifting and More
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
    See also Journal Article THE INVISIBLE HAND AND THE BANKING TRADE: SEIGNIORAGE, RISK-SHIFTING, AND MORE, Brussels Economic Review, ULB -- Universite Libre de Bruxelles (2013) (2013)

2012

24. Borrowing from thy neighbour: a European perspective on sovereign debt
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
25. Prudent Banks and Creative Mimics: Can we tell the difference?
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2011)
    IDB Publications (Working Papers), Inter-American Development Bank (2011)
26. Whither Capitalism? Financial Externalities and Crisis
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE)
    See also Chapter Whither Capitalism? Financial Externalities and Crisis, International Economic Association Series, Palgrave Macmillan (2012) (2012)

2011

27. Liquidity When It Matters Most: QE and Tobin?s q
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
28. Liquidity when it matters: QE and Tobin’s q
    CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) View citations (1)
    See also Journal Article Liquidity when it matters: QE and Tobin's q, Oxford Economic Papers, Oxford University Press (2013) View citations (6) (2013)
29. When bigger isn?t better: Bail outs and bank behaviour
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) (2011) View citations (3)

2010

30. Delay and Haircuts in Sovereign Debt: Recovery and Sustainability
    SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) View citations (5)
    Also in SIRE Discussion Papers, Scottish Institute for Research in Economics (SIRE) (2010) View citations (5)
31. Leverage and Asset Bubbles: Averting Armageddon with Chapter 11?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (5)
    See also Journal Article Leverage and Asset Bubbles: Averting Armageddon with Chapter 11?, Economic Journal, Royal Economic Society (2010) View citations (50) (2010)

2007

32. Bulls, Bears and Excess Volatility: can currency intervention help?
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (11)
    See also Journal Article Bulls, bears and excess volatility: can currency intervention help?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2007) View citations (11) (2007)
33. Capital Flows, Interest Rates and Precautionary Behaviour: a model of Global Imbalances
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group
    Also in WEF Working Papers, ESRC World Economy and Finance Research Programme, Birkbeck, University of London (2006)
34. Exchange Rate Monitoring Bands: Theory and Policy
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (5)
    Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2002) View citations (7)
35. Fear and Market Failure: Global Imbalances and ¿Self-Insurance¿
    IDB Publications (Working Papers), Inter-American Development Bank
36. Fear and Market Failure: Global Imbalances and “Self-Insurance”
    Research Department Publications, Inter-American Development Bank, Research Department View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (6)
37. Monitoring Bands and Monitoring Rules: how currency intervention can change market composition
    CEIS Research Paper, Tor Vergata University, CEIS View citations (3)
38. Punishment Without Crime? Prison as a Worker-Discipline Device
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
39. Temor y falla de mercados: Desequilibrios mundiales y “aseguramiento propio
    Research Department Publications, Inter-American Development Bank, Research Department
40. UK External Imbalances and the Sterling: Are they on a Sustainable Path?
    Post-Print, HAL View citations (3)
    See also Journal Article UK External Imbalances and the Sterling: Are they on a Sustainable Path?, Open Economies Review, Springer (2007) View citations (3) (2007)

2006

41. Can Using Interest Rates to Check Domestic Demand Raise the Strength of the Sterling in the Long Run?
    Documents de recherche, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne
42. Changed to DP6000
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
43. Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006) View citations (7)
    Economic Research Papers, University of Warwick - Department of Economics (2006) View citations (7)
    See also Journal Article Sovereign Debt Restructuring: The Judge, the Vultures and Creditor Rights, The World Economy, Wiley Blackwell (2007) View citations (18) (2007)
44. Supply Shocks and Currency Crises: The Policy Dilemma Reconsidered
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in Economic Research Papers, University of Warwick - Department of Economics (2006) View citations (4)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (2006) View citations (3)

2005

45. Bargaining and Sustainability: The Argentine Debt Swap of 2005
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
46. Capital flows and the US "New Economy": consumption smoothing and risk exposure
    Working Paper Series, European Central Bank View citations (4)
47. Credit Crunch and Keynesian Contraction: Argentina in Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
48. World Finance and the US 'New Economy': Risk Sharing and Risk Exposure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

2003

49. Coordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (26)
    See also Journal Article Co-ordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures, Economic Journal, Royal Economic Society (2003) View citations (51) (2003)
50. Exchange Monitoring Bands: Theory and Policy
    CEIS Research Paper, Tor Vergata University, CEIS View citations (1)
51. Growth expectations, capital flows and international risk sharing
    Working Paper Series, European Central Bank View citations (5)
52. Learning to Forget? Contagion and Political Risk in Brazil
    Royal Economic Society Annual Conference 2003, Royal Economic Society View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) View citations (5)

2002

53. Exchange rate monitoring bands: theory and practice
    Royal Economic Society Annual Conference 2002, Royal Economic Society View citations (1)
54. Moral Hazard and the US Stockmarket: Analyzing the "Greenspan Put"
    Working Paper Series, Peterson Institute for International Economics View citations (22)
    See also Journal Article Moral Hazard and the US Stock Market: Analysing the "Greenspan Put", Economic Journal, Royal Economic Society (2002) View citations (35) (2002)
55. Sovereign Debt Restructuring: New Articles, New Contracts--Or No Change?
    Policy Briefs, Peterson Institute for International Economics View citations (16)
56. Sovereign Default By Argentina: 'Slow Motion Train Crash' or Self-Fulfilling Crisis?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)

2001

57. Moral Hazard and the US Stock Market: The Idea of a 'Greenspan Put'
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)

2000

58. Global Financial Crises: Institutions and Incentives
    IMF Working Papers, International Monetary Fund View citations (16)
59. Moral Hazard and the US Stock Market: Has Mr. Greenspan Created a Bubble?
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (6)

1999

60. Bankruptcy Protection Against Macroeconomics Shocks: The case for a 'super Chapter 11'
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations (19)
61. Coping with Crises: Is There a "Silver Bullet"?
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations (6)
62. Creditor Panic, Asset Bubbles and Sharks: Three Views of the Asian Crisis
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations (3)
63. Sovereign Liquidity Crisis: The Strategic Case for A Payments Standstill
    Working Paper Series, Peterson Institute for International Economics View citations (1)
    Also in CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick (1999) View citations (11)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (1998) View citations (7)
    See also Journal Article Sovereign Liquidity Crises: The Strategic Case for a Payments Standstill, Economic Journal, Royal Economic Society (2000) View citations (65) (2000)

1998

64. Asset Bubbles, Domino Effects and 'Lifeboats': Elements of the East Asian Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (51)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1998) View citations (19)
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick (1998) View citations (17)
65. Financial Crisis in East Asia: Bank Runs, Asset Bubbles and Antidotes
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations (13)
    See also Journal Article Financial crisis in East Asia: bank runs, asset bubbles and antidotes, National Institute Economic Review, National Institute of Economic and Social Research (1998) View citations (13) (1998)
66. Macroeconomic Policy Options for Managing Capital Flows
    CSGR Hot Topics: Research on Current Issues, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations (3)
67. No Credit for Transition: The Maastricht Treaty and German Unemployment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
68. No Credit for Transition:Efficiency Wages, the Maastricht Treaty and German Unemployment
    CSGR Working papers series, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick View citations (1)

1997

69. A BANKRUPTCY PROCEDURE FOR SOVEREIGN STATES
    Economic Research Papers, University of Warwick - Department of Economics
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1997) View citations (1)
70. EUROSCLEROSIS, EUROCHICKEN AND THE OUTLOOK FOR THE EMU
    Economic Research Papers, University of Warwick - Department of Economics View citations (3)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1997) View citations (3)
71. SHAREHOLDERS AND STAKEHOLDERS: HUMAN CAPITAL AND INDUSTRY EQUILIBRIUM
    Economic Research Papers, University of Warwick - Department of Economics
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1997)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1997) View citations (1)
    See also Journal Article Shareholders and Stakeholders: Human Capital and Industry Equilibrium, Economic Journal, Royal Economic Society (1998) View citations (1) (1998)

1996

72. Hyperinflation and Stabilization: Cagan Revisited
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1995)
    See also Journal Article Hyperinflation and Stabilisation: Cagan Revisited, Economic Journal, Royal Economic Society (1997) (1997)

1994

73. Designing Monetary Policy when Unemployment Persists
    Discussion Papers, University of Exeter, Department of Economics View citations (31)
    See also Journal Article Designing Monetary Policy when Unemployment Persists, Economica, London School of Economics and Political Science (1998) View citations (4) (1998)
74. Optimal Target Zones: How an Exchange Rate Mechanism Can Improve Upon Discretion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Journal Article Optimal target zones: How an exchange rate mechanism can improve upon discretion, Journal of Economic Dynamics and Control, Elsevier (1996) View citations (11) (1996)

1992

75. Contacts, Credibility and Common Knowledge: Their Influenceon Inflation Convergence
    IMF Working Papers, International Monetary Fund
    See also Journal Article Contracts, Credibility, and Common Knowledge: Their Influence on Inflation Convergence, IMF Staff Papers, Palgrave Macmillan (1993) View citations (5) (1993)
76. WHY HAVE A TARGET ZONE?
    Economic Research Papers, University of Warwick - Department of Economics View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1992) View citations (18)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1992) View citations (13)
    See also Journal Article Why have a target zone?, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1993) View citations (54) (1993)

1991

77. Financial Liberalisation, Asset Prices and Exchange Rates
    OECD Economics Department Working Papers, OECD Publishing View citations (5)
78. Inflation Convergence with Realignments in a Two-Speed Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Inflation Convergence with Realignments in a Two-Speed Europe, Economic Journal, Royal Economic Society (1992) View citations (4) (1992)

1990

79. BRITAIN'S RETURN TO GOLD AND IMPENDING ENTRY INTO THE EMS: EXPECTATIONS, JOINING CONDITIONS AND CREDIBILITY
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (2)
80. Britain's Return to Gold and Entry into the EMS: Expectations, Joining Conditions and Credibility
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
81. Currency Bands, Target Zones, and Cash Limits: Thresholds for Monetary and Fiscal Policy
    IMF Working Papers, International Monetary Fund View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (2)
82. ENTERING AN PREANNOUNCED CURRENCY BAND
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (1)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (1)
    See also Journal Article Entering a preannounced currency band, Economics Letters, Elsevier (1990) View citations (1) (1990)
83. EXCHANGE RATE BANDS WITH PRICE INERTIA
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (8)
    Economic Research Papers, University of Warwick - Department of Economics (1990) View citations (4)
    See also Journal Article Exchange Rate Bands with Price Inertia, Economic Journal, Royal Economic Society (1991) View citations (45) (1991)
84. The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations
    Economic Research Papers, University of Warwick - Department of Economics View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1990) View citations (3)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1990) View citations (7)
    See also Journal Article The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?, The Manchester School of Economic & Social Studies, University of Manchester (1991) View citations (6) (1991)
85. When Does Coordination Pay?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1989)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1989)
    See also Journal Article When does coordination pay?, Journal of Economic Dynamics and Control, Elsevier (1990) View citations (6) (1990)

1989

86. Exchange Rate Bands and Realignments in a Stationary Stochastic Setting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1988) View citations (2)
    Economic Research Papers, University of Warwick - Department of Economics (1988)
87. MONETARY TARGETS, EXCHANGE RATE TARGETS AND AFTER: A STOCHASTIC "HARD- LANDING" FOR STERLING?
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1989) View citations (2)
88. Solving Stochastic Saddlepoint Systems: A Qualitative Treatment with Economic Applications
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1988) View citations (11)
    Economic Research Papers, University of Warwick - Department of Economics (1988) View citations (10)
89. THE STABILIZING PROPERTIES OF TARGET ZONES
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (3)
    Also in Economic Research Papers, University of Warwick - Department of Economics (1989) View citations (3)

1988

90. The International Monetary System: An Analysis of Alternative Regimes
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    See also Chapter The International Monetary System: An Analysis of Alternative Regimes, NBER Chapters, National Bureau of Economic Research, Inc (1991) (1991)
    Journal Article The international monetary system: An analysis of alternative regimes, European Economic Review, Elsevier (1988) View citations (5) (1988)

1985

91. Monetary stabilization policy in an open economy
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
    See also Journal Article Monetary Stabilization Policy in an Open Economy, Scottish Journal of Political Economy, Scottish Economic Society (1985) View citations (3) (1985)

1984

92. Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Economic Research Papers, University of Warwick - Department of Economics (1983) View citations (7)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1983) View citations (11)
    See also Journal Article Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies, Economic Journal, Royal Economic Society (1985) View citations (50) (1985)

1983

93. Costs and Benefits of an Anti-Inflationary Policy: Questions and Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)

1982

94. Inflation-Adjusting the Public Sector Financial Deficit: Measurement and Implications for Policy
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (4)

1981

95. REAL EXCHANGE RATE OVERSHOOTING AND THE OUTPUT COST OF BRINGING DOWN INFLATION
    Economic Research Papers, University of Warwick - Department of Economics View citations (1)
    Also in The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics (1981) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (1981) View citations (37)
    See also Chapter Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation, NBER Chapters, National Bureau of Economic Research, Inc (1991) View citations (1) (1991)
    Journal Article Real exchange rate overshooting and the output cost of bringing down inflation, European Economic Review, Elsevier (1982) View citations (53) (1982)

1980

96. MONETARY POLICY AND INTERNATIONAL COMPETITIVENESS
    Economic Research Papers, University of Warwick - Department of Economics View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations (10)
97. Monetary Policy and International Competitiveness (A story of smart speculators and sticky prices, set in a world of high-speed capital movements)
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

Journal Articles

2023

1. ON THE PROMISES AND PERILS OF SMITHIAN GROWTH: FROM PIN FACTORY TO AI
   National Institute Economic Review, 2023, 265, 12-25
   See also Working Paper On the promises and perils of Smithian growth – from pin factory to AI, The Warwick Economics Research Paper Series (TWERPS) (2023) (2023)

2022

2. POPULISM AND THE ‘NARROW CORRIDOR’ OF LIBERTY AND JUSTICE
   National Institute Economic Review, 2022, 259, 31-50

2021

3. Choosing the Narrative: the Shadow Banking Crisis in Light of Covid
   Open Economies Review, 2021, 32, (2), 291-310 View citations (2)
   See also Working Paper Choosing the narrative: the shadow banking crisis in light of Covid, CAGE Online Working Paper Series (2021) View citations (2) (2021)

2019

4. Introduction to the special issue on sovereign debt restructuring
   Oxford Economic Papers, 2019, 71, (2), 309-319
5. Waiting for a haircut? A bargaining perspective on sovereign debt restructuring
   Oxford Economic Papers, 2019, 71, (2), 405-420 View citations (5)
   See also Working Paper Waiting for a haircut? A bargaining perspective on sovereign debt restructuring, CEPR Discussion Papers (2016) View citations (2) (2016)

2018

6. The Blind Monks and the Elephant: Contrasting Narratives of Financial Crisis
   Manchester School, 2018, 86, (S1), 83-109 View citations (5)

2015

7. In the shadow of the Gulag: Worker discipline under Stalin
   Journal of Comparative Economics, 2015, 43, (3), 531-548 View citations (8)
   See also Working Paper In the shadow of the Gulag: worker discipline under Stalin, CAGE Online Working Paper Series (2015) View citations (8) (2015)
8. The Hedgehog and the Fox: From DSGE to Macro-Pru
   Manchester School, 2015, 83, 31-55 View citations (1)
9. Writing-Down Debt with Heterogeneous Creditors: Lock Laws and Late Swaps
   Journal of Globalization and Development, 2015, 6, (2), 239-255 View citations (4)
   See also Working Paper Writing-down debt with heterogeneous creditors: lock laws and late swap, CEPR Discussion Papers (2015) View citations (1) (2015)

2013

10. Eurozone sovereign debt restructuring: keeping the vultures at bay
    Oxford Review of Economic Policy, 2013, 29, (4), 745-763 View citations (2)
11. Liquidity when it matters: QE and Tobin's q
    Oxford Economic Papers, 2013, 65, (suppl_1), i115-i145 View citations (6)
    See also Working Paper Liquidity when it matters: QE and Tobin’s q, CAGE Online Working Paper Series (2011) View citations (1) (2011)
12. THE INVISIBLE HAND AND THE BANKING TRADE: SEIGNIORAGE, RISK-SHIFTING, AND MORE
    Brussels Economic Review, 2013, 56, (3-4), 365-388
    See also Working Paper The Invisible Hand and the Banking Trade: Seigniorage, Risk-shifting and More, CAGE Online Working Paper Series (2013) (2013)
13. When bigger isn't better: bailouts and bank reform
    Oxford Economic Papers, 2013, 65, (suppl_1), i7-i41 View citations (2)

2011

14. Eastern Caution, Western Exuberance and Global Imbalances
    Journal of Globalization and Development, 2011, 2, (1), 42 View citations (2)
15. MACROECONOMICS: A DISCIPLINE NOT A SCIENCE
    Manchester School, 2011, 79, (s2), 21-24 View citations (5)

2010

16. Leverage and Asset Bubbles: Averting Armageddon with Chapter 11?
    Economic Journal, 2010, 120, (544), 500-518 View citations (50)
    See also Working Paper Leverage and Asset Bubbles: Averting Armageddon with Chapter 11?, NBER Working Papers (2010) View citations (49) (2010)

2009

17. THE ILLUSION OF STABILITY—LOW INFLATION IN A BUBBLE ECONOMY
    Manchester School, 2009, 77, (s1), 126-149

2007

18. 'Irrational exuberance' and capital flows for the US New Economy: a simple global model
    International Journal of Finance & Economics, 2007, 12, (1), 89-105 View citations (1)
19. Bulls, bears and excess volatility: can currency intervention help?
    International Journal of Finance & Economics, 2007, 12, (2), 261-272 View citations (11)
    See also Working Paper Bulls, Bears and Excess Volatility: can currency intervention help?, Cambridge Working Papers in Economics (2007) View citations (11) (2007)
20. Sovereign Debt Restructuring: The Judge, the Vultures and Creditor Rights
    The World Economy, 2007, 30, (10), 1491-1509 View citations (18)
    See also Working Paper Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights, CEPR Discussion Papers (2006) View citations (3) (2006)
21. UK External Imbalances and the Sterling: Are they on a Sustainable Path?
    Open Economies Review, 2007, 18, (5), 539-557 View citations (3)
    See also Working Paper UK External Imbalances and the Sterling: Are they on a Sustainable Path?, Post-Print (2007) View citations (3) (2007)

2006

22. Debt Restructuring and Economic Recovery: Analysing the Argentine Swap
    The World Economy, 2006, 29, (4), 377-398 View citations (15)

2004

23. Challenges to demand management
    Fiscal Studies, 2004, 25, (3), 47-57

2003

24. Co-ordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures
    Economic Journal, 2003, 113, (487), 276-304 View citations (51)
    See also Working Paper Coordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures, CEPR Discussion Papers (2003) View citations (26) (2003)
25. No Credit for Transition: European Institutions and German Unemployment
    Scottish Journal of Political Economy, 2003, 50, (1), 41-60 View citations (3)

2002

26. Moral Hazard and the US Stock Market: Analysing the "Greenspan Put"
    Economic Journal, 2002, 112, (478), C171-C186 View citations (35)
    See also Working Paper Moral Hazard and the US Stockmarket: Analyzing the "Greenspan Put", Working Paper Series (2002) View citations (22) (2002)

2000

27. Asset Bubbles, Leverage and 'Lifeboats': Elements of the East Asian Crisis
    Economic Journal, 2000, 110, (460), 309-34 View citations (35)
28. Sovereign Liquidity Crises: The Strategic Case for a Payments Standstill
    Economic Journal, 2000, 110, (460), 335-62 View citations (65)
    See also Working Paper Sovereign Liquidity Crisis: The Strategic Case for A Payments Standstill, Working Paper Series (1999) View citations (1) (1999)

1998

29. Designing Monetary Policy when Unemployment Persists
    Economica, 1998, 65, (259), 327-345 View citations (4)
    See also Working Paper Designing Monetary Policy when Unemployment Persists, Discussion Papers (1994) View citations (31) (1994)
30. Financial crisis in East Asia: bank runs, asset bubbles and antidotes
    National Institute Economic Review, 1998, 165, (1), 66-82 View citations (13)
    Also in National Institute Economic Review, 1998, 165, 66-82 (1998) View citations (1)
    See also Working Paper Financial Crisis in East Asia: Bank Runs, Asset Bubbles and Antidotes, CSGR Working papers series (1998) View citations (13) (1998)
31. Shareholders and Stakeholders: Human Capital and Industry Equilibrium
    Economic Journal, 1998, 108, (447), 490-508 View citations (1)
    See also Working Paper SHAREHOLDERS AND STAKEHOLDERS: HUMAN CAPITAL AND INDUSTRY EQUILIBRIUM, Economic Research Papers (1997) (1997)

1997

32. Debt in Industry Equilibrium
    The Review of Financial Studies, 1997, 10, (1), 39-67 View citations (38)
33. Hyperinflation and Stabilisation: Cagan Revisited
    Economic Journal, 1997, 107, (441), 441-54
    See also Working Paper Hyperinflation and Stabilization: Cagan Revisited, CEPR Discussion Papers (1996) View citations (3) (1996)
34. The 'laissez faire' bias of managed floating
    Journal of International Money and Finance, 1997, 16, (6), 989-1000

1996

35. Oil Price Hikes and Development Triggers in Peace and War
    Economic Journal, 1996, 106, (435), 445-57 View citations (6)
36. Optimal target zones: How an exchange rate mechanism can improve upon discretion
    Journal of Economic Dynamics and Control, 1996, 20, (9-10), 1641-1660 View citations (11)
    See also Working Paper Optimal Target Zones: How an Exchange Rate Mechanism Can Improve Upon Discretion, CEPR Discussion Papers (1994) View citations (5) (1994)

1995

37. Stochastic saddlepoint systems Stabilization policy and the stock market
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 279-302 View citations (9)

1994

38. Speculative Anticipations of Sterling's Return to Gold: Was Keynes Wrong?
    Economic Journal, 1994, 104, (425), 804-12 View citations (23)

1993

39. Contracts, Credibility, and Common Knowledge: Their Influence on Inflation Convergence
    IMF Staff Papers, 1993, 40, (1), 178-201 View citations (5)
    See also Working Paper Contacts, Credibility and Common Knowledge: Their Influenceon Inflation Convergence, IMF Working Papers (1992) (1992)
40. Learning and Inflation Convergence in the ERM
    Economic Journal, 1993, 103, (417), 369-78 View citations (12)
41. Why have a target zone?
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 279-314 View citations (54)
    See also Working Paper WHY HAVE A TARGET ZONE?, Economic Research Papers (1992) View citations (8) (1992)

1992

42. Inflation Convergence with Realignments in a Two-Speed Europe
    Economic Journal, 1992, 102, (411), 333-41 View citations (4)
    See also Working Paper Inflation Convergence with Realignments in a Two-Speed Europe, CEPR Discussion Papers (1991) (1991)

1991

43. Currency Bands, Target Zones, and Price Flexibility
    IMF Staff Papers, 1991, 38, (1), 184-215 View citations (13)
44. Exchange Rate Bands with Price Inertia
    Economic Journal, 1991, 101, (409), 1380-99 View citations (45)
    See also Working Paper EXCHANGE RATE BANDS WITH PRICE INERTIA, The Warwick Economics Research Paper Series (TWERPS) (1990) View citations (6) (1990)
45. The "Walters Critique" of the EMS--A Case of Inconsistent Expectations?
    The Manchester School of Economic & Social Studies, 1991, 59, 23-37 View citations (6)
    See also Working Paper The 'Walters Critique' of the EMS - A Case of Inconsistent Expectations, Economic Research Papers (1990) View citations (2) (1990)

1990

46. Currency Bubbles Which Affect Fundamentals: A Qualitative Treatment
    Economic Journal, 1990, 100, (400), 170-79 View citations (17)
47. Entering a preannounced currency band
    Economics Letters, 1990, 34, (4), 363-368 View citations (1)
    See also Working Paper ENTERING AN PREANNOUNCED CURRENCY BAND, The Warwick Economics Research Paper Series (TWERPS) (1990) View citations (1) (1990)
48. When does coordination pay?
    Journal of Economic Dynamics and Control, 1990, 14, (3-4), 553-569 View citations (6)
    See also Working Paper When Does Coordination Pay?, CEPR Discussion Papers (1990) View citations (6) (1990)

1989

49. Plans to Solve the Problem of the Twin U.S. Deficits
    Canadian Public Policy, 1989, 15, (s1), 58-62

1988

50. Price rigidity, international mobility of financial capital and exchange rate volatility: Gerhard Orosel
    European Economic Review, 1988, 32, (5), 1162-1164
51. The international monetary system: An analysis of alternative regimes
    European Economic Review, 1988, 32, (5), 1031-1048 View citations (5)
    See also Working Paper The International Monetary System: An Analysis of Alternative Regimes, CEPR Discussion Papers (1988) View citations (5) (1988)
    Chapter The International Monetary System: An Analysis of Alternative Regimes, NBER Chapters, 1991, 279-302 (1991) (1991)

1987

52. On evaluating and extending the target zone proposal
    Journal of Policy Modeling, 1987, 9, (1), 199-224 View citations (15)

1985

53. Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies
    Economic Journal, 1985, 95, (380a), 124-37 View citations (50)
    See also Working Paper Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies, CEPR Discussion Papers (1984) (1984)
54. Measuring the Stance of Fiscal Policy
    Oxford Review of Economic Policy, 1985, 1, (1), 44-57 View citations (4)
55. Monetary Stabilization Policy in an Open Economy
    Scottish Journal of Political Economy, 1985, 32, (3), 220-33 View citations (3)
    See also Working Paper Monetary stabilization policy in an open economy, International Finance Discussion Papers (1985) View citations (2) (1985)

1984

56. Government, Unions and Stagflation in the UK
    National Institute Economic Review, 1984, 109, 68-72
    Also in National Institute Economic Review, 1984, 109, (1), 68-72 (1984)
57. The Effects of Government Expenditure on the Term Structure of Interest Rates
    Journal of Money, Credit and Banking, 1984, 16, (1), 16-33 View citations (12)

1983

58. Changing the Rules: Economic Consequences of the Thatcher Regime
    Brookings Papers on Economic Activity, 1983, 14, (2), 305-380 View citations (23)

1982

59. An Alternative Economic Strategy-A Message of Hope
    Cambridge Journal of Economics, 1982, 6, (1), 85-103 View citations (1)
60. Real exchange rate overshooting and the output cost of bringing down inflation
    European Economic Review, 1982, 18, (1), 85-123 View citations (53)
    Also in European Economic Review, 1982, 18, (2), 85-123 (1982) View citations (53)
    See also Working Paper REAL EXCHANGE RATE OVERSHOOTING AND THE OUTPUT COST OF BRINGING DOWN INFLATION, Economic Research Papers (1981) View citations (1) (1981)
    Chapter Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation, NBER Chapters, 1991, 239-277 (1991) View citations (1) (1991)

1981

61. Monetary Control in the UK
    Cambridge Journal of Economics, 1981, 5, (1), 71-79 View citations (1)
62. Monetary Policy and International Competitiveness: The Problems of Adjustment
    Oxford Economic Papers, 1981, 33, 143-75 View citations (26)
63. The Thatcher Experiment: The First Two Years
    Brookings Papers on Economic Activity, 1981, 12, (2), 315-380 View citations (13)
64. The medium term financial strategy: an experiment in co-ordinating monetary and fiscal policy
    Fiscal Studies, 1981, 2, (2), 50-60 View citations (5)

1977

65. The Static Economic Effects of the UK joining the EEC: A General Equilibrium Approach
    The Review of Economic Studies, 1977, 44, (1), 71-93 View citations (23)

1976

66. Can a Rise in Import Prices Be Inflationary and Deflationary? Economists and U.K. Inflation, 1973-74
    American Economic Review, 1976, 66, (4), 501-19

1973

67. "Competition and Credit Control" and the Open Economy
    The Manchester School of Economic & Social Studies, 1973, 41, (1), 123-40 View citations (2)

1971

68. Estimates of the Static Balance of Payments and Welfare Costs of United Kingdom Entry Into the Common Market
    National Institute Economic Review, 1971, 57, 69-83
    Also in National Institute Economic Review, 1971, 57, (1), 69-83 (1971) View citations (1)

Books

1992

1. Exchange Rate Targets and Currency Bands
   NBER Books, National Bureau of Economic Research, Inc View citations (92)

Edited books

2006

1. The Asian Financial Crisis
   Cambridge Books, Cambridge University Press View citations (2)

1999

2. The Asian Financial Crisis
   Cambridge Books, Cambridge University Press View citations (147)

1992

3. Exchange Rate Targets and Currency Bands
   Cambridge Books, Cambridge University Press View citations (93)

1989

4. The European Monetary System
   Cambridge Books, Cambridge University Press View citations (12)

Chapters

2023

1. Historical Roots, Cultural Selection and the ‘New World OrderNew World Order’
   Springer

2014

2. Saving the Euro: Self-fulfilling Crisis and the “Draghi Put”
   Palgrave Macmillan View citations (3)
   See also Working Paper Saving the Euro: self-fulfilling crisis and the ?Draghi Put?, C.E.P.R. Discussion Papers (2014) View citations (4) (2014)

2012

3. Whither Capitalism? Financial Externalities and Crisis
   Palgrave Macmillan
   See also Working Paper Whither Capitalism? Financial Externalities and Crisis, Competitive Advantage in the Global Economy (CAGE) (2012) (2012)

1991

4. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 239-277 View citations (1)
   See also Journal Article Real exchange rate overshooting and the output cost of bringing down inflation, Elsevier (1982) View citations (53) (1982)
   Working Paper REAL EXCHANGE RATE OVERSHOOTING AND THE OUTPUT COST OF BRINGING DOWN INFLATION, University of Warwick - Department of Economics (1981) View citations (1) (1981)
5. The International Monetary System: An Analysis of Alternative Regimes
   A chapter in International Volatility and Economic Growth: The First Ten Years of The International Seminar on Macroeconomics, 1991, pp 279-302
   See also Journal Article The international monetary system: An analysis of alternative regimes, Elsevier (1988) View citations (5) (1988)
   Working Paper The International Monetary System: An Analysis of Alternative Regimes, C.E.P.R. Discussion Papers (1988) View citations (5) (1988)

1985

6. Policy Coordination and Dynamic Games
   A chapter in International Economic Policy Coordination, 1985, pp 184-227 View citations (41)

1983

7. Real Exchange Rate Overshooting and the Output Cost of Bringing Down Inflation: Some Further Results
   A chapter in Exchange Rates and International Macroeconomics, 1983, pp 317-368 View citations (12)