Area M: Macroeconomic Thinking, Banking, and Money

Projects

Additional Information

From the Backyard of Banking Innovation

In two areas, in particular, we are looking back at more than a decade of research. Democracy, its potential and limitations, has been our focus since 1999. And our work on banking crises started as early as 1997 - long before the crisis of 2008.

Vintage Papers

Title: Private Insurance Against Systemic Crises?
First Version: external page CEPR Discussion Paper No. 7342 (2009)
Latest Version: Download 2011 (PDF, 272 KB)

Title: Can Contingent Contracts Insure the Economy Against Banking Crises?
First Versions:
A. Financial Intermediation and the Creation of Macroeconomic Risks, Download CESifo Working Paper No. 695 (2002)
B. Financial Intermediation with Contingent Contracts and Macroeconomic Risks, external page CEPR Discussion Paper No. 4735 (2004)
Latest Version: Download 2018 (PDF, 553 KB)

Title: Financial Intermediation, Capital Spillovers and Business Fluctuations
First Version: Download University of Heidelberg Discussion Paper No. 273 (1998)
Latest Version: Download 2004 (PDF, 290 KB)