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Themes

  • Key Themes
  • Central Banking
  • Climate Change
  • Competition Policy
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  • Political Economy
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ERMCrisis
Book

The Making of the European Monetary Union: 30 years since the ERM crisis

  • Giancarlo Corsetti
  • Galina Hale
  • Beatrice Weder di Mauro

20 Feb 2023
  • The trauma of the European currency crises in the 1990s and its consequences until today
  • Thirty years after the ERM crisis
  • Why is the European currency and financial crisis of the 1990s relevant today?
  • A small currency in the ERM zone of monetary instability
  • The European Monetary System crisis of 1992
  • The ERM crisis and the UK: Black or White Wednesday?
  • The ERM crisis: A teachable episode for international macro
  • The backdrop of the ERM crisis
  • Italy and the crisis of the European Monetary System
  • From 1999 (and before) to 2007: A decade of optimism or a lost decade?
  • One good reason we were optimistic: The rise of inflation targeting and the demise of fixed exchange rate crises
  • The end of euro area crises?
  • A decade of crisis in the euro area: How can one reconcile price stability with a monetary backstop for government debt?
  • When Europe catches a cold, the rest of the world sneezes: Global spillovers of the euro crises
  • Thirty years since the ERM crisis: The beginning of the end
  • Lessons from the European Monetary System Crisis for European Monetary Union
  • Thirty years on, new frontiers for Europe’s monetary cooperation
  • The architecture of the euro: Prospects for the next decade
  • Future challenges to European sovereign debt markets
Discussion paper

DP17857 Climate Risks and FDI

  • Grace Gu
  • Galina Hale

30 Jan 2023
  • International Macroeconomics and Finance
  • F21
  • F23
  • F64
Discussion paper

DP17856 Inflationary effects of fiscal support to households and firms

  • Galina Hale
  • John Leer
  • Fernanda Nechio

30 Jan 2023
  • International Macroeconomics and Finance
  • Monetary Economics and Fluctuations
  • E31
  • E62
  • E65
Discussion paper

DP15893 Do Looks Matter for an Academic Career in Economics?

  • Galina Hale
  • Tali Regev
  • Yona Rubinstein

7 Mar 2021
  • Public Economics
  • J16
  • J71
  • I23
  • M51
Discussion paper

DP15404 Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy

  • Galina Hale
  • Julian di Giovanni

22 Oct 2020
  • International Macroeconomics and Finance
  • G15
  • F10
  • F36
Discussion paper

DP15170 External Balance Sheets and the COVID-19 Crisis

  • Galina Hale
  • Luciana Juvenal

17 Aug 2020
  • International Macroeconomics and Finance
  • F32
  • F34
  • G15
Discussion paper

DP14344 Corporate Yields and Sovereign Yields

  • Galina Hale
  • Julia Bevilaqua
  • Eric Tallman

22 Jan 2020
  • International Macroeconomics and Finance
  • F34
  • F36
  • F65
  • E52
Discussion paper

DP14345 Corporate Yields: Effect of Credit Ratings and Sovereign Yields

  • Galina Hale
  • Julia Bevilaqua
  • Eric Tallman

22 Jan 2020
  • International Macroeconomics and Finance
  • F34
  • F36
  • F65
  • E52
Discussion paper

DP13522 The Euro Crisis in the Mirror of the EMS

  • Giancarlo Corsetti
  • Barry Eichengreen
  • Galina Hale
  • Eric Tallmann

11 Feb 2019
  • International Macroeconomics and Finance
  • E63
  • F45
  • G01
  • N14
Discussion paper

DP9937 The Euro and the Geography of International Debt Flows

  • Maurice Obstfeld
  • Galina Hale

13 Apr 2014
  • International Macroeconomics
  • F32
  • F34
  • F36
Discussion paper

DP7357 The Impact of Creditor Protection on Stock Prices in the Presence of Credit Crunches

  • Assaf Razin
  • Galina Hale
  • Hui Tong

5 Jul 2009
  • International Macroeconomics
  • F3
  • G2
Discussion paper

DP6658 Creditor Protection, Contagion, and Stock Market Price Volatility

  • Assaf Razin
  • Galina Hale
  • Hui Tong

25 Jan 2008
  • International Macroeconomics
  • E1
  • G2
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