NBER Working Papers by Alberto Giovannini

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Working Papers

July 2010Central Banks and the Financial System
with Francesco Giavazzi: w16228

Published: “Central Banks and Financial System”, in S. Eijffinger and D. Masciandaro (eds.), Central Banking, Financial Regulation and Supervision After the Financial Crisis, Edward Elgar. (with Alberto Giovannini)

November 2008Why the European Securities Market is Not Fully Integrated

Published: Why the European Securities Market Is Not Fully Integrated, Alberto Giovannini. in Europe and the Euro, Alesina and Giavazzi. 2010

August 1993International Evidence on Tradables and Nontradable Inflation
with Jose De Gregorio: w4438

Published: European Economic Review, Vol. 38, no. 6, pp. 1225, (June 1994). citation courtesy of

March 1993The Determinants of Realignment Expectations Under the EMS: Some Empirical Regularities
with Zhaohui Chen: w4291

Published: European Economic Review, Vol. 41, no. 9 (December 1997): 1687-1707.

December 1992Currency Substitution
with Bart Turtelboom: w4232
February 1992Bretton Woods and Its Precursors: Rules Versus Discretion in the History of International Monetary Regimes


January 1992Estimating Expected Exchange Rates Under Target Zones
with Zhaohui Chen: w3955

Published: Chen, Z. and A. Giovannini. "Target Zones And The Distribution Of Exchange Rates: An Estimation Method," Economics Letters, 1992, v40(1), 83-89.

November 1991The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions

Published: European Economic Review Volume 36, April 1992

October 1991Monetary Policy in the Open Economy
with Rudiger Dornbusch: r1638

Published: Handbook of Monetary Economics, Vol. II, edited by Benjamin Friedman and Frank Hahn, pp. 1231-1303. Amsterdam: Elsevier Science Publishers (North-Holland), 1990.

February 1991Currency Substitution and the Fluctuations of Foreign-Exchange Reserves with Credibly Fixed Exchange Rates
January 1991Government Revenue from Financial Repression
with Martha de Melo: w3604

Published: American Economic Review, Vol. 83, no. 4 (1993): 953-963.

April 1990Capital Flight and Tax Competition: Are There Viable Solutions to Both Problems?
with James R. Hines, Jr.: w3333

Published: European Financial Integration, A. Giovannini and C. Mayer, eds., Cambridge: Cambridge University Press, 1991., p. 172-210

December 1989Time-Series Tests of a Non-Expected-Utility Model of Asset Pricing
with Philippe Jorion: w3195

Published: European Economic Review, Vol. 37, no. 5 (1993): 1083-1100. citation courtesy of

September 1989Asset Prices and Interest Rates in Cash-In-Advance Models
with Pamela Labadie: w3109

Published: Journal of Political Economy, Volume 6, No. 5, December 1991 citation courtesy of

Capital Controls and International Trade Finance
with Jan Won Park: w3112

Published: Journal of International Economics, Volume 33, No.3/4, pp. 285-304 November 1992

1989Risk Aversion and Intertemporal Substitution in the Capital Asset Pricing Model
with Philippe Weil: w2824
December 1988Can The European Monetary System Be Copied Outside Europe? Lessons From Ten Years of Monetary Policy Coordination In Europe
with Francesco Giavazzi: w2786


November 1988How Do Fixed-Exchange-Rates Regimes Work: The Evidence From The Gold Standard, Bretton Woods and The EMS

Published: "How Do Fexed-Exchange-Rate Regimes Work? Evidence from the Gold Standard, Bretton Woods and the EMS." From Blueprints for Exchange Rate Management, edited by Marcus Miller, Barry Eichengreen, and Richard Portes, pp. 13-41. New York: Academic Press, Ltd., 1989.

May 1988The Time-Variation of Risk and Return in the Foreign Exchange and Stock Markets
with Philippe Jorion: w2573

Published: The Journal of Finance, Vol. XLIV, No. 2, pp. 307-325, (June 1989). citation courtesy of

March 1988The Macroeconomics of Exchange-rate and Price-level Interactions: Empirical Evidence for West Germany
December 1987International Capital Mobility and Tax Evasion

Published: "International Capital Mobility and Tax Avoidance." Banca Nazionale del Lavoro Quarterly Review, No. 177, pp. 197-223, June 1991.

June 1987Uncertainty and Liquidity

Published: Journal of Monetary Economics, Vol. 23, pp. 239-258, (1989).

February 1984Exchange Rate Dynamics with Sticky Prices: The Deutsch Mark, 1974-1982
with Julio J. Rotemberg: w1281

Published: Journal of Business and Economic Statistics, Vol. 7, No. 2, pp. 169-178,(April 1989). citation courtesy of

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