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.
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.