 | Media Sentiment and International Asset Prices Author/Editor: Samuel P Fraiberger, Do Lee, Damien Puy, Romain Ranciere. Release Date:December, 2018 We assess the impact of media sentiment on international equity prices using more than 4.5 million Reuters articles published across the globe between 1991 and 2015. News sentiment robustly predicts more...
| Price: $18.00
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| Sovereign Bond Prices, Haircuts and Maturity Author/Editor: Tamon Asonuma, Dirk Niepelt, Romain Ranciere. Release Date:May, 2017 Rejecting a common assumption in the sovereign debt literature, we document that creditor losses (“haircuts”) during sovereign restructuring episodes are asymmetric across debt instruments. We more...
| Price: $18.00
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| Financial Information and Macroeconomic Forecasts Author/Editor: Sophia Chen, Romain Ranciere. Release Date:December, 2016 We study the forecasting power of financial variables for macroeconomic variables for 62
countries between 1980 and 2013. We find that financial variables such as credit growth,
stock more...
| Price: $18.00
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| Inequality, Leverage and Crises: The Case of Endogenous Default Author/Editor: Michael Kumhof, Romain Ranciere, Pablo Winant. Release Date:December, 2013 The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase more...
| Price: $18.00
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 | Income Inequality and Current Account Imbalances Author/Editor: Michael Kumhof, Claire Lebarz, Romain Ranciere, Alexander W. Richter, Nathaniel A. Throckmorton. Release Date:January, 2012 This paper studies the empirical and theoretical link between increases in income inequality and increases in current account deficits. Cross-sectional econometric evidence shows that higher top more...
| Price: $18.00
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| A New Index of Currency Mismatch and Systemic Risk Author/Editor: Romain Ranciere, Aaron Tornell, Athanasios Vamvakidis. Release Date:November, 2010 This paper constructs a new measure of currency mismatch in the banking sector that controls for bank lending to unhedged borrowers. This measure explicitly takes into account the indirect exchange more...
| Price: $18.00
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| Inequality, Leverage and Crises Author/Editor: Romain Ranciere, Michael Kumhof. Release Date:November, 2010 The paper studies how high leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the more...
| Price: $18.00
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| Power Laws in Firm Size and Openness to Trade : Measurement and Implications Author/Editor: Andrei A. Levchenko, Julian Di Giovanni, Romain Ranciere. Release Date:April, 2010 Existing estimates of power laws in firm size typically ignore the impact of international trade. Using a simple theoretical framework, we show that international trade systematically affects the more...
| Price: $18.00
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 | Country Insurance: The Role of Domestic Policies : The Role of Domestic Policies Release Date:April, 2007 This paper focuses on what countries can do on their ownthat is, on the role of domestic policieswith respect to country insurance. Member countries are routinely faced with a range of shocks that more...
| Price: $15.00
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| The Optimal Level of International Reserves for Emerging Market Countries : Formulas and Applications Author/Editor: Romain Ranciere, Olivier Jeanne. Release Date:October, 2006 We present a model of the optimal level of international reserves for a small open economy that is vulnerable to sudden stops in capital flows. Reserves allow the country to smooth domestic more...
| Price: $18.00
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