NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Arvind Krishnamurthy

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

Working Papers

February 2014A Macroeconomic Framework for Quantifying Systemic Risk
with Zhiguo He, Arvind Krishnamurthy: w19885
August 2013Interpreting Repo Statistics in the Flow of Funds Accounts
with Arvind Krishnamurthy, Stefan Nagel: w19389
January 2012Sizing Up Repo
with Arvind Krishnamurthy, Stefan Nagel, Dmitry Orlov: w17768

Sizing Up Repo,” Journal of Finance, forthcoming.

October 2011The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy
with Arvind Krishnamurthy, Annette Vissing-Jorgensen: w17555

Published: Brookings Papers on Economic Activity The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy Fall 2011, Annette Vissing-Jorgensen and Arvind Krishnamurthy

April 2010Balance Sheet Adjustments in the 2008 Crisis
with Zhiguo He, In Gu Khang, Arvind Krishnamurthy: w15919

Published: Balance Sheet Adjustment in the 2008 Crisis, 2010, with In Gu Khang and Arvind Krishnamurthy, IMF Economic Review 1 , pp. 118 - 156.

November 2009How Debt Markets have Malfunctioned in the Crisis
w15542

Published: Arvind Krishnamurthy, 2010. "How Debt Markets Have Malfunctioned in the Crisis," Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 3-28, Winter.

June 2009Amplification Mechanisms in Liquidity Crises
w15040
January 2009Global Imbalances and Financial Fragility
with Ricardo J. Caballero, Arvind Krishnamurthy: w14688

Published: Ricardo J. Caballero & Arvind Krishnamurthy, 2009. "Global Imbalances and Financial Fragility," American Economic Review, American Economic Association, vol. 99(2), pages 584-88, May. citation courtesy of

December 2008Intermediary Asset Pricing
with Zhiguo He, Arvind Krishnamurthy: w14517

Published: He, Zhiguo, and Arvind Krishnamurthy. 2013. "Intermediary Asset Pricing." American Economic Review, 103(2): 732-70. DOI: 10.1257/aer.103.2.732

September 2008A Model of Capital and Crises
with Zhiguo He, Arvind Krishnamurthy: w14366

Published: A Model of Capital and Crises, 2012, with Arvind Krishnamurthy, Review of Economic Studies 79(2): pp. 735-777. Presentation Slides.

February 2007Collective Risk Management in a Flight to Quality Episode
with Ricardo J. Caballero, Arvind Krishnamurthy: w12896

Published: Ricardo J. Caballero & Arvind Krishnamurthy, 2008. "Collective Risk Management in a Flight to Quality Episode," Journal of Finance, American Finance Association, vol. 63(5), pages 2195-2230, October. citation courtesy of

January 2007The Demand for Treasury Debt
with Arvind Krishnamurthy, Annette Vissing-Jorgensen: w12881
April 2006Flight to Quality and Collective Risk Management
with Ricardo J. Caballero, Arvind Krishnamurthy: w12136

Published: Ricardo J. Caballero & Arvind Krishnamurthy, 2008. "Collective Risk Management in a Flight to Quality Episode," Journal of Finance, American Finance Association, vol. 63(5), pages 2195-2230, October.

December 2005Financial System Risk and Flight to Quality
with Ricardo Caballero, Arvind Krishnamurthy: w11834
Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market
with Xavier Gabaix, Arvind Krishnamurthy, Olivier Vigneron: w11851

Published: Xavier Gabaix & Arvind Krishnamurthy & Olivier Vigneron, 2007. "Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market," Journal of Finance, American Finance Association, vol. 62(2), pages 557-595, 04. citation courtesy of

September 2005Bubbles and Capital Flow Volatility: Causes and Risk Management
with Ricardo J. Caballero, Arvind Krishnamurthy: w11618

Published: Caballero, Ricardo J. and Arvind Krishnamurthy. "Bubbles And Capital Flow Volatility: Causes And Risk Management," Journal of Monetary Economics, 2006, v53(1,Jan), 35-53. citation courtesy of

May 2004Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective
with Ricardo Caballero, Arvind Krishnamurthy: w10517

Published: Ricardo Caballero & Arvind Krishnamurthy, 2005. "Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective," International Journal of Central Banking, International Journal of Central Banking, vol. 1(1), May. citation courtesy of

Fiscal Policy and Financial Depth
with Ricardo J. Caballero, Arvind Krishnamurthy: w10532
June 2003Equilibrium Asset Prices Under Imperfect Corporate Control
with James Dow, Gary Gorton, Arvind Krishnamurthy: w9758

Published: Dow, James, Gary Gorton and Arvind Krishnamurthy. "Equilibrium Investment And Asset Prices Under Imperfect Corporate Control," American Economic Review, 2005, v95(2,May), 659-681.

April 2003Inflation Targeting and Sudden Stops
with Ricardo J. Caballero, Arvind Krishnamurthy: w9599

Published: Inflation Targeting and Sudden Stops, Ricardo J. Caballero, Arvind Krishnamurthy. in The Inflation-Targeting Debate, Bernanke and Woodford. 2005

January 2002A Dual Liquidity Model for Emerging Markets
with Ricardo J. Caballero, Arvind Krishnamurthy: w8758

Published: Ricardo J. Caballero & Arvind Krishnamurthy, 2002. "A Dual Liquidity Model for Emerging Markets," American Economic Review, American Economic Association, vol. 92(2), pages 33-37, May. citation courtesy of

August 2001Smoothing Sudden Stops
with Ricardo Caballero, Arvind Krishnamurthy: w8427

Published: Caballero, Ricardo J. and Arvind Krishnamurthy. "Smoothing Sudden Stops," Journal of Economic Theory, 2004, v119(1,Nov), 104-127. citation courtesy of

A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
with Ricardo Caballero, Arvind Krishnamurthy: w8428
February 2001International Liquidity Illusion: On the Risks of Sterilization
with Ricardo J. Caballero, Arvind Krishnamurthy: w8141
October 2000International and Domestic Collateral Constraints in a Model of Emerging Market Crises
with Ricardo Caballero, Arvind Krishnamurthy: w7971

Published: Caballero, Ricardo J. and Arvind Krishnamurthy. "International And Domestic Collateral Constraints In A Model Of Emerging Market Crises," Journal of Monetary Economics, 2001, v48(3,Dec), 513-548. citation courtesy of

July 2000Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
with Ricardo J. Caballero, Arvind Krishnamurthy: w7792
June 2000International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
with Ricardo J. Caballero, Arvind Krishnamurthy: w7740
December 1998Emerging Market Crises: An Asset Markets Perspective
with Ricardo J. Caballero, Arvind Krishnamurthy: w6843

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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