Financial Sector, Inflation, and Monetary Policy

Exchange Rate Arrangements in the 21st Century: Which Anchor Will Hold? (with Ethan Ilzetzki and Kenneth Rogoff), National Bureau of Economic Research, Working Paper 23134, February 2017. Forthcoming in Quarterly Journal of Economics, May 2019.

Reinhart, Carmen M., and M. Belen Sbrancia, The Liquidation of Government Debt Economic Policy, Vol. 30(82), March 2015, 291-333.
NBER Working Paper 16893, March 2011
All Figures, Tables, and Data

Reinhart, Carmen M., Kenneth S. Rogoff, and Miguel A. Savastano. Addicted to Dollars Annals of Economics and Finance, Society for AEF, Vol. 15(1), May 2014, pages 1-52.

Reinhart, Carmen M., and Kenneth S. Rogoff Shifting Mandates: The Federal Reserve's First Centennial. American Economic Review, Vol. 103(3), May 2013, 48-54.
Online Data

Reinhart, Carmen M., The Return of Financial Repression, Banque de France Financial Stability Review, No. 16, April 2012, 37-48.

Reinhart, Carmen M. and Vincent R. Reinhart, Limits of Monetary Policy in Theory and Practice Cato Journal, Vol. 31(3), Fall 2011, 427-439.

Reinhart, Carmen M., Jacob Kirkeegard, and Belen Sbrancia, Financial Repression Redux, Finance and Development, Vol. 48(2), June 2011.

Arena, Marco, Carmen M. Reinhart, and Francisco Vazquez, The Lending Channel in Emerging Economies: Are Foreign Banks Different? Banks and Bank Systems, Vol. 5(2), 2010, 20-50.

Kaminsky, with Graciela L., Carmen M. Reinhart, and Carlos A.Végh, When It Rains, It Pours: Procyclical Capital Flows and Policies (in Mark Gertler and Kenneth S. Rogoff, eds. NBER Macroeconomics Annual 2004. Cambridge, Mass: MIT Press, 11-53.

Note: The primary focus is fiscal, but we also estimate Taylor rules for the sample countries.

Reinhart, Carmen M., and Miguel A. Savastano, The Realities of Modern Hyperinflation Finance and Development, Vol. 40, No. 2, Washington DC: International Monetary Fund, June 2003), 20-23.

Reinhart, Carmen M., and Ioannis Tokatlidis Financial Liberalisation: The African Experience, Journal of African Economies, Vol. 12 Supplement 2, 2003, 53-88.

Version with coverage of other regions: Reinhart, Carmen M., and Ioannis Tokatlidis Before and After Financial Liberalization, MPRA Paper 6986, University Library of Munich, Germany. 2003.

Reinhart, Carmen M. and Vincent R. Reinhart, On the Use of Reserve Requirements to Deal With the Capital Flow Problem, International Journal of Finance and Economics, Vol. 4 No.1, January 1999, 27-54.

Arrau, Patricio, Jose DeGregorio, Carmen M. Reinhart, and Peter Wickham, The Demand for Money in Developing Countries: Assessing the Role of Financial Innovation Journal of Development Economics, Vol. 46, 1995, 317-340.

Reinhart, Carmen M. and Carlos A. Vegh. Nominal Interest Rates, Consumption Booms, and Lack of Credibility: A Quantitative Examination, Journal of Development Economics, Vol. 46 No. 2, April 1995, 357-378.

Reinhart, Carmen M. and Carlos A. Vegh. Intertemporal consumption substitution and inflation stabilization: An empirical investigation MPRA Paper 13427, University Library of Munich, Germany, 1994.

Reinhart, Carmen M. and Carlos A. Vegh. Inflation Stabilization in Chronic Inflation Countries: The Empirical Evidence MPRA Paper 13689, University Library of Munich, Germany, August 1994.

Reinhart, Carmen M. and Vincent R. Reinhart, Output Fluctuations and Monetary Shocks: Evidence from Colombia, IMF Staff Papers, Vol. 38 No. 4, December 1991, 705-735