 | External Liabilities and Crises Author/Editor: Luis Catão, Gian-Maria Milesi-Ferretti. Release Date:May, 2013 We examine the determinants of external crises, focusing on the role of foreign liabilities and their composition. Using a variety of statistical tools and comprehensive data spanning 1970-2011, we more...
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 | External Imbalances in the Euro Area Author/Editor: Ruo Chen, Gian-Maria Milesi-Ferretti, Thierry Tressel. Release Date:September, 2012 The paper examines the extent to which current account imbalances of euro area countries are related to intra-euro area factors and to external trade shocks. We argue that the traditional more...
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| The Cross-Country Incidence of the Global Crisis Author/Editor: Gian-Maria Milesi-Ferretti, Philip R Lane. Release Date:July, 2010 We examine whether the cross-country incidence and severity of the 2008-2009 global recession is systematically related to pre-crisis macroeconomic and financial factors. We find that the pre-crisis more...
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