 | Debt Mutualization in the Euro Area: A Quantitative Exploration Author/Editor: Sakai Ando, Giovanni Dell'Ariccia, Pierre-Olivier Gourinchas, Guido Lorenzoni, Adrian Peralta, Francisco Roch. Release Date:March, 2023 This paper explores the feasibility of an idea proposed first by the German Council of Economic Experts in 2011 and revisited by Italian and French authorities in 2021: the one-off mutualization of more...
| Price: $20.00
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| COVID-19 and SME Failures Author/Editor: Sebnem Kalemli-Ozcan, Pierre-Olivier Gourinchas, Veronika Penciakova, Nick Sander. Release Date:September, 2020 We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a more...
| Price: $18.00
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| Dominant Currency Paradigm: A New Model for Small Open Economies Author/Editor: Camila Casas, Federico Diez, Gita Gopinath, Pierre-Olivier Gourinchas. Release Date:November, 2017 Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark
and its variants focus on pricing in the producer’s currency or in local currency. We
model more...
| Price: $18.00
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| The Elusive Gains from International Financial Integration Author/Editor: Pierre-Olivier Gourinchas, Olivier Jeanne. Release Date:May, 2004 Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We more...
| Price: $15.00
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