Financial Intermediation, International Risk Sharing, and Reserve Currencies

By Matteo Maggiori. 2017

340 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/00a6cbc6152ec5dc3b9c2dcbf9f2c0e9cba6e535

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Citations in the corpus

Breaking Free of the Triple Coincidence in International Finance (2016, background): “In addition, Avdjiev, Kuti and Takáts (2012) use the BIS consolidated banking statistics to measure the impact of the euro area crisis on lending to emerging markets.”
The Pass-Through of Sovereign Risk (2016, methodology): “…able to capture these effects because I solve themodel numerically using global methods.3 These nonlinearities have been studied in different environments by Bianchi and Mendoza (2012), He and Krishnamurthy (2012), Bianchi (2013), Maggiori (2013), and Brunnermeier and Sannikov (2014), among others.”
Currency Premia and Global Imbalances (2016, neutral): “Newey and West (1987) corrected standard errors with lag length determined according to Andrews (1991) are reported in parentheses, while Shanken corrected standard errors are in brackets.”
Foreign Safe Asset Demand and the Dollar Exchange Rate (2018, neutral): “Gourinchas and Rey (2007a); Gourinchas, Rey and Govillot (2011); Maggiori (2017) focus on the “exorbitant privilege” of the U.S. that drives low rates of return on U.S. dollar assets.”
The History and Economics of Safe Assets (2016, neutral): “For more information, the reader is referred to Macey et al. (2001), Grossman (2010, chapter 6), Calomiris & Haber (2014), and Gorton (2010, chapter 5). www.annualreviews.org • The History and Economics of Safe Assets 569 charters via separate acts of legislation (see Hammond 1934).”
Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens (2020, background): “…offshore issuance on its own leads to a large mismeasurement in China’s NFA is important for work on global imbalances, such as Bernanke (2005), Gourinchas and Rey (2007), Caballero, Farhi, and Gourinchas (2008), Gourinchas, Govillot, and Rey (2011), Maggiori (2017), and Farhi and Maggiori (2018).”
Understanding FX Liquidity (2015, background): “Furthermore, financial intermediaries of the most financially developed countries can benefit from better funding conditions and higher leverage, producing asymmetric risk sharing and flight to quality during financial crises (Maggiori 2012).”
International Channels of Transmission of Monetary Policy and the Mundellian Trilemma (2015, neutral): “12See Despres, Kindleberger and Salant (1965), Kindleberger (1966), Gourinchas and Rey (2007a,b), Gourinchas, Rey and Govillot (2012) and Maggiori (2013).”
Forward and Spot Exchange Rates in a Multi-Currency World* (2018, neutral): “Papers that offer explicit models of either permanent or highly persistent asymmetries in currency risk premia include Martin (2012), Hassan (2013), Maggiori (2017), Richmond (2016), and Ready, Roussanov, and Ward (2017).6 Another strand of the literature has connected persistent currency risk…”
Banking, Trade, and the Making of a Dominant Currency* (2020, background): “On safe asset determination in an international context, some recent papers are Hassan (2013), Gourinchas and Rey (2010), Maggiori (2017), He, Krishnamurthy, and Milbradt (2016), and Farhi and Maggiori (2018).”