Financial Crises and Macroprudential Policy

Browse by topic: Financial Crises and Macroprudential Policy · International Reserves · Banking · Monetary Policy · Sovereign Debt · Geoeconomics · Heterogeneous Agents
How Small is Small? Non-linearities in Heterogeneous Agent Models
How Small is Small? Non-linearities in Heterogeneous Agent Models
with Greg Kaplan — May 2026
[Paper] [Thread]
Bank Runs, Fragility, and Regulation
Bank Runs, Fragility, and Regulation
with Manuel Amador — August 2025
[Paper][Slides][Policy highlights]
The Political Economy of Credit Booms and Macroprudential Regulation
The Political Economy of Credit Booms and Macroprudential Regulation
with Cesar Sosa-Padilla and Carlos Bolivar — July 2025
[Paper]
Liquidity Traps, Prudential Policies and International Spillovers
Liquidity Traps, Prudential Policies and International Spillovers
with Louphou Coulibaly — July 2025
Forthcoming, Review of Economic Studies
[Paper]
Overborrowing, Underborrowing and Macroprudential Policy
Overborrowing, Underborrowing and Macroprudential Policy
with Fernando Arce and Julien Bengui (2025)
Journal of Economic Theory
[Paper][Journal link]
A Macroprudential Theory of Foreign Reserve Accumulation
A Macroprudential Theory of Foreign Reserve Accumulation
with Fernando Arce and Julien Bengui
Revise and Resubmit, AEJ Macro
[Paper]
Bank Runs, Fragility, and Credit Easing
Bank Runs, Fragility, and Credit Easing
with Manuel Amador (2024)
American Economic Review, 2024
[Paper] [Journal link] [Slides] [Thread]
Partial Bank Runs
Partial Bank Runs
with Manuel Amador
[Paper]
Macroprudential Policy with Leakages
Macroprudential Policy with Leakages
with Julien Bengui (2022)
Journal of International Economics
[Paper][Journal link]
The Prudential Use of Capital Controls and Foreign Currency Reserves
The Prudential Use of Capital Controls and Foreign Currency Reserves
with Guido Lorenzoni (2022)
Handbook of International Economics, Vol. V
[Paper][Slides][Journal link]
A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature
A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature
with Enrique Mendoza (2020)
Review of Economic Dynamics
[Paper][Journal link]
Financial Safety Nets
Financial Safety Nets
with Julien Bengui and Louphou Coulibaly (2019)
International Economic Review
[Paper][Journal link]
Optimal Time-Consistent Macroprudential Policy
Optimal Time-Consistent Macroprudential Policy
with Enrique Mendoza (2018)
Journal of Political Economy
[Paper][Journal link]
Efficient Bailouts?
Efficient Bailouts?
Javier Bianchi (2016)
American Economic Review (Lead Article)
[Paper][Journal link]
Fundamentals News, Global Liquidity and Macroprudential Policy
Fundamentals News, Global Liquidity and Macroprudential Policy
with Chenxin Liu and Enrique Mendoza (2016)
Journal of International Economics
[Paper][Journal link][Corrigendum][Code]
Macro-prudential Policy in a Fisherian Model of Financial Innovation
Macro-prudential Policy in a Fisherian Model of Financial Innovation
with Emine Boz and Enrique Mendoza (2012)
IMF Economic Review
[Paper][Journal link]
Overborrowing and Systemic Externalities in the Business Cycle
Overborrowing and Systemic Externalities in the Business Cycle
Javier Bianchi (2011)
American Economic Review
[Paper][Journal link][Appendix][Matlab Code]
Overborrowing, Financial Crises and Macro-prudential Policy
Overborrowing, Financial Crises and Macro-prudential Policy
with Enrique Mendoza — June 2010
[Paper]
Policy Coverage: ECB | Bank of England
Credit Externalities: Macroeconomic Effects and Policy Implications
Credit Externalities: Macroeconomic Effects and Policy Implications
Javier Bianchi (2010)
American Economic Review, Papers and Proceedings
[Paper][Journal link]
Macroprudential Policy According to Hank
with Louphou Coulibaly and Xing Xu