Arvind Krishnamurthy

Northwestern University - Kellogg School of Management

Assistant Professor of Finance

2001 Sheridan Road

Evanston, IL 60208

United States

SCHOLARLY PAPERS

41

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13,529

CITATIONS
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Top 1,282

in Total Papers Citations

307

Scholarly Papers (41)

1.
Downloads 1,230 ( 15,617)
Citation 17

A Macroeconomic Framework for Quantifying Systemic Risk

Fama-Miller Working Paper, Swiss Finance Institute Research Paper No. 13-42, Chicago Booth Research Paper No. 12-37
Number of pages: 52 Posted: 21 Aug 2012 Last Revised: 17 Apr 2015
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 1,202 (15,874)
Citation 7

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Liquidity, Delegation, Financial Intermediation, Crises, Financial Friction, Constraints

A Macroeconomic Framework for Quantifying Systemic Risk

NBER Working Paper No. w19885
Number of pages: 47 Posted: 11 Feb 2014
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 28 (484,401)
Citation 27

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A Macroeconomic Framework for Quantifying Systemic Risk

National Bank of Belgium Working Paper No. 233
Posted: 13 Oct 2012
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management

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Liquidity, Delegation, Financial Intermediation, Crises, Financial Friction, Constraints

2.
Downloads 1,086 ( 18,301)
Citation 18

Measuring Liquidity Mismatch in the Banking Sector

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 22 Oct 2013 Last Revised: 05 Nov 2017
Jennie Bai, Arvind Krishnamurthy and Charles-Henri Weymuller
Georgetown University - Department of Finance, Northwestern University - Kellogg School of Management and Harvard University
Downloads 1,086 (18,531)
Citation 18

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liquidity regulation; market liquidity; funding liquidity; Basel III; liquidity mismatch; macroprudential tool.

3.

Modeling and Measuring Systemic Risk

American Economic Association, Ten Years and Beyond: Economists Answer NSF's Call for Long-Term Research Agendas
Number of pages: 5 Posted: 12 Aug 2011
Princeton University - Department of Economics, University of Chicago - Department of Economics, University of Chicago, Booth School of Business, Northwestern University - Kellogg School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 962 (22,557)
Citation 3

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Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market

EFA 2004 Maastricht Meetings Paper No. 4940, Fifteenth Annual Utah Winter Finance Conference
Number of pages: 44 Posted: 11 Jun 2004
Xavier Gabaix, Arvind Krishnamurthy and Olivier Vigneron
Harvard University - Department of Economics, Northwestern University - Kellogg School of Management and UBM
Downloads 892 (24,816)
Citation 1

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Market segmentation, prepayment risk, liquidity, limited capital, hedge funds, limits to arbitrage.

Limits of Arbitrage: Theory and Evidence from the Mortgage-Backed Securities Market

NBER Working Paper No. w11851
Number of pages: 47 Posted: 08 Mar 2006
Xavier Gabaix, Arvind Krishnamurthy and Olivier Vigneron
Harvard University - Department of Economics, Northwestern University - Kellogg School of Management and UBM
Downloads 56 (369,939)
Citation 92

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5.

The Bond/Old-Bond Spread

AFA 2002 Atlanta Meetings
Number of pages: 47 Posted: 13 Dec 2000
Arvind Krishnamurthy
Downloads 777 (30,531)
Citation 178

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Hedge funds, spread trading, arbitrage, short sales constraint, CP-bills spread, aggregate liquidity, liquidity crises

6.

Risk Topography

Number of pages: 31 Posted: 30 Apr 2011 Last Revised: 07 Jun 2011
Markus K. Brunnermeier, Gary B. Gorton and Arvind Krishnamurthy
Princeton University - Department of Economics, Yale School of Management and Northwestern University - Kellogg School of Management
Downloads 740 (32,660)
Citation 40

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Measurement, Systemic Risk, Liquidity

7.

The Effects of Quantitative Easing on Interest Rates

Number of pages: 37 Posted: 14 Mar 2011
Annette Vissing-Jorgensen and Arvind Krishnamurthy
National Bureau of Economic Research (NBER) and Northwestern University - Kellogg School of Management
Downloads 557 (47,720)
Citation 3

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Bubbles and Capital Flow Volatility: Causes and Risk Management

MIT Department of Economics Working Paper No. 05-20
Number of pages: 28 Posted: 21 Sep 2005
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 410 (69,138)

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Emerging markets, bubbles, excess volatility, crashes, capital flow reversals, public debt market, financial underdevelopment, dynamic inefficiency

Bubbles and Capital Flow Volatility: Causes and Risk Management

NBER Working Paper No. w11618
Number of pages: 28 Posted: 17 Nov 2005 Last Revised: 21 Nov 2005
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 52 (383,264)
Citation 80

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9.
Downloads 415 ( 68,735)
Citation 13

A Dual Liquidity Model for Emerging Markets

MIT Department of Economics Working Paper No. 02-03
Number of pages: 10 Posted: 17 Jan 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 376 (76,533)

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Capital flows, external crises, international and domestic liquidity, monetary policy, fiscal policy, underinsurance

A Dual Liquidity Model for Emerging Markets

NBER Working Paper No. w8758
Number of pages: 11 Posted: 02 Feb 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 39 (432,218)
Citation 20

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A Dual Liquidity Model for Emerging Markets

American Economic Review, Vol. 92, Issue 2, May 2002
Posted: 30 Aug 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management

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10.

A 'Vertical' Analysis of Monetary Policy in Emerging Markets

MIT Department of Economics Working Paper No. 02-16
Number of pages: 30 Posted: 09 May 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 383 (75,609)
Citation 4

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External shocks, domestic and international liquidity, monetary policy, interest parity departures, exchange rate overshooting, fear of floating, commitment, credibility, underinsurance

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

MIT Dept. of Economics Working Paper No. 00-04
Number of pages: 48 Posted: 26 Jul 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 331 (88,804)

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International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

NBER Working Paper No. w7740
Number of pages: 49 Posted: 12 Jun 2000 Last Revised: 18 Oct 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 35 (449,755)
Citation 8

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12.
Downloads 351 ( 83,646)
Citation 4

Fiscal Policy and Financial Depth

MIT Department of Economics Working Paper No. 04-22
Number of pages: 22 Posted: 20 May 2004
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 298 (99,765)

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sudden stops, financial depth, fiscal deficits, liquidity crises, populism, crowding out

Fiscal Policy and Financial Depth

NBER Working Paper No. w10532
Number of pages: 22 Posted: 11 Jun 2004
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 53 (379,819)
Citation 7

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13.
Downloads 350 ( 83,932)
Citation 113

A Model of Capital and Crises

AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 15 Mar 2009 Last Revised: 19 Sep 2010
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 281 (106,270)
Citation 143

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Liquidity, Hedge Funds, Delegation, Financial Institutions

A Model of Capital and Crises

NBER Working Paper No. w14366
Number of pages: 52 Posted: 02 Oct 2008 Last Revised: 28 Jul 2010
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 69 (331,708)

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14.
Downloads 338 ( 87,357)
Citation 2

Financial System Risk and Flight to Quality

MIT Department of Economics Working Paper No. 05-31
Number of pages: 39 Posted: 30 Nov 2005
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 298 (99,765)

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Locked collateral, flight to quality, insurance, risk premia, financial intermediaries, lender of last resort, private sector multiplier, collateral shocks, robust control

Financial System Risk and Flight to Quality

NBER Working Paper No. w11834
Number of pages: 39 Posted: 27 Dec 2005
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 40 (428,046)
Citation 4

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15.

Liquidity Mismatch Measurement

Number of pages: 23 Posted: 19 Dec 2014
Markus K. Brunnermeier, Arvind Krishnamurthy and Gary B. Gorton
Princeton University - Department of Economics, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 332 (89,132)
Citation 23

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Liquidity, liquidity mismatch

International Liquidity Illusion: On the Risks of Sterilization

MIT Dept. of Economics Working Paper No. 01-06
Number of pages: 36 Posted: 16 Feb 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 278 (107,543)
Citation 3

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Capital flows, sterilization policy, monetary policy, financial constraints, balance sheets, excessive leverage, short term capital flows, debt maturity, quasi-fiscal deficit, soverign risk, illiquidity

International Liquidity Illusion: On the Risks of Sterilization

NBER Working Paper No. w8141
Number of pages: 36 Posted: 22 Feb 2001 Last Revised: 14 Sep 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 34 (454,186)

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International and Domestic Collateral Constraints in a Model of Emerging Market Crises

MIT Dept. of Economics Working Paper No. 00-21
Number of pages: 36 Posted: 05 Oct 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 265 (113,123)
Citation 264

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Capital flows. fires sales, microeconomic and aggregate financial constraints, contractual and corporate governance problems, balance sheets, wasted collateral, domestic and foreign spreads, excessive leverage, collateral under provision, real depreciation, banks.

International and Domestic Collateral Constraints in a Model of Emerging Market Crises

NBER Working Paper No. w7971
Number of pages: 36 Posted: 22 Oct 2000 Last Revised: 25 Jun 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 43 (416,169)

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18.
Downloads 302 ( 98,857)
Citation 27

Balance Sheet Adjustments in the 2008 Crisis

Number of pages: 46 Posted: 05 Mar 2010 Last Revised: 10 Apr 2010
Zhiguo He, In Gu Khang and Arvind Krishnamurthy
Downloads 255 (117,787)
Citation 51

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Balance Sheet Adjustments in the 2008 Crisis

NBER Working Paper No. w15919
Number of pages: 46 Posted: 27 Apr 2010 Last Revised: 06 Jul 2010
Zhiguo He, In Gu Khang and Arvind Krishnamurthy
Downloads 47 (400,961)

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19.
Downloads 299 ( 99,887)
Citation 1

Flight to Quality and Collective Risk Management

MIT Department of Economics Working Paper No. 06-07
Number of pages: 33 Posted: 23 Mar 2006
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 257 (116,794)
Citation 1

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Locked collateral, flight to quality, insurance, safe and risky claims, financial intermediaries, collective bias, lender of last resort, private sector multiplier, collateral shocks, robust control

Flight to Quality and Collective Risk Management

NBER Working Paper No. w12136
Number of pages: 33 Posted: 18 May 2006 Last Revised: 31 Aug 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 42 (420,059)

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Excessive Dollar Debt: Financial Development and Underinsurance

MIT Department of Economics Working Paper No. 02-15
Number of pages: 31 Posted: 19 Apr 2002
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 290 (102,761)
Citation 114

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Currency mismatch, balance sheets, international liquidity, contingent credit lines, thin markets, limited participation

Excessive Dollar Debt: Financial Development and Underinsurance

Journal of Finance, Vol. 58, pp. 867-894, April 2003
Posted: 24 Jul 2003
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management

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A 'Vertical' Analysis of Crises and Intervention: Fear of Floating and Ex-Ante Problems

MIT Dept. of Economics Working Paper No. 01-25
Number of pages: 33 Posted: 25 Jul 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 218 (137,913)
Citation 2

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External shocks, domestic and international liquidity, monetary policy, interest parity departures, exchange rate systems, overshooting

A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-Ante Problems

NBER Working Paper No. w8428
Number of pages: 33 Posted: 14 Aug 2001 Last Revised: 23 Oct 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 31 (468,675)

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22.
Downloads 238 (126,909)
Citation 20

Smoothing Sudden Stops

MIT Dept. of Economics Working Paper No. 01-26
Number of pages: 26 Posted: 25 Jul 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 215 (139,803)
Citation 31

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External Shocks, domestic and international collateral, underinsurance, credit lines, liquidity requirements, asset market intervention

Smoothing Sudden Stops

NBER Working Paper No. w8427
Number of pages: 26 Posted: 14 Aug 2001 Last Revised: 23 Oct 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 23 (514,015)

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23.
Downloads 217 (139,534)
Citation 3

Emerging Market Crises: An Asset Markets Perspective

MIT Department of Economics Working Paper No. 98-18REV
Number of pages: 51 Posted: 18 Dec 1998
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 186 (161,053)
Citation 9

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Emerging Market Crises: an Asset Markets Perspective

NBER Working Paper No. w6843
Number of pages: 46 Posted: 18 Aug 2000 Last Revised: 11 Oct 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 31 (468,675)

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Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

MIT Dept. of Economics Working Paper No. 00-14
Number of pages: 34 Posted: 26 Jul 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 185 (161,053)
Citation 5

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Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

NBER Working Paper No. w7792
Number of pages: 34 Posted: 19 Jul 2000 Last Revised: 02 Apr 2001
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 29 (479,080)

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25.
Downloads 208 (144,578)
Citation 84

Intermediary Asset Pricing

American Economic Review, Forthcoming
Number of pages: 53 Posted: 12 May 2012
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 132 (214,941)
Citation 176

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Liquidity, LTCM Crisis, Subprime Crisis, Delegated Portfolio Management, Financial Institutions, Asset Pricing, Collateral, Credit

Intermediary Asset Pricing

NBER Working Paper No. w14517
Number of pages: 55 Posted: 08 Dec 2008 Last Revised: 04 Sep 2010
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Finance and Northwestern University - Kellogg School of Management
Downloads 76 (313,930)

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26.

Exchange Rate Volatility and the Credit Channel in the Emerging Markets: A Vertical Perspective

MIT Department of Economics Working Paper No. 04-24
Number of pages: 34 Posted: 07 Jun 2004
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 192 (155,807)
Citation 1

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External shocks, segmented capital markets, credit squeeze, monetary policy, interest parity departures, exchange rate overshooting, fear of floating, underinsurance, capital controls

27.

Inflation Targets and Sudden Stops

MIT Department of Economics Working Paper No. 03-10
Number of pages: 28 Posted: 13 Apr 2003
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 178 (166,814)

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External Shocks, Domestic and International Liquidity, Inflation Targeting, Fear of Floating, Commitment, Underinsurance

28.

The Impact of Treasury Supply on Financial Sector Lending and Stability

Swiss Finance Institute Research Paper No. 15-46
Number of pages: 91 Posted: 11 Nov 2015
Arvind Krishnamurthy and Annette Vissing-Jorgensen
Northwestern University - Kellogg School of Management and National Bureau of Economic Research (NBER)
Downloads 158 (184,967)
Citation 44

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Reasury Supply, Monetary Economics, Financial stability, Banking

29.

Global Imbalances and Financial Fragility

NBER Working Paper No. w14688
Number of pages: 13 Posted: 31 Jan 2009 Last Revised: 21 Aug 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 147 (196,372)
Citation 99

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30.
Downloads 134 (211,582)
Citation 116

Collective Risk Management in a Flight to Quality Episode

MIT Department of Economics Working Paper No. 07-02
Number of pages: 37 Posted: 01 Feb 2007
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 86 (291,070)

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Locked collateral, liquidity, flight to quality, Knightian uncertainty, collateral shocks, collective bias, lender of last resort, private sector multiplier

Collective Risk Management in a Flight to Quality Episode

NBER Working Paper No. w12896
Number of pages: 37 Posted: 17 Feb 2007 Last Revised: 28 Sep 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 48 (397,352)
Citation 206

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31.

Regulating Exclusion from Financial Markets

Number of pages: 43 Posted: 13 May 2003
Philip Bond and Arvind Krishnamurthy
University of Washington - Michael G. Foster School of Business and Northwestern University - Kellogg School of Management
Downloads 125 (223,378)
Citation 7

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Bankruptcy, Autarchy Punishment, Limited Commitment, Credit Denial, Financial Constraints

32.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758
Number of pages: 37 Posted: 08 Jun 2003 Last Revised: 03 Nov 2010
James Dow, Arvind Krishnamurthy and Gary B. Gorton
London Business School - Institute of Finance and Accounting, Northwestern University - Kellogg School of Management and Yale School of Management
Downloads 110 (245,267)
Citation 29

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33.

How Debt Markets Have Malfunctioned in the Crisis

NBER Working Paper No. w15542
Number of pages: 40 Posted: 01 Dec 2009 Last Revised: 14 Mar 2010
Arvind Krishnamurthy
Downloads 91 (278,460)
Citation 76

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34.

The Demand for Treasury Debt

NBER Working Paper No. w12881
Number of pages: 56 Posted: 31 Jan 2007 Last Revised: 13 Sep 2010
Annette Vissing-Jorgensen and Arvind Krishnamurthy
National Bureau of Economic Research (NBER) and Northwestern University - Kellogg School of Management
Downloads 91 (278,460)
Citation 247

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35.
Downloads 78 (306,012)
Citation 54

Sizing Up Repo

NBER Working Paper No. w17768
Number of pages: 60 Posted: 19 Jan 2012
Arvind Krishnamurthy, Stefan Nagel and Dmitry Orlov
Northwestern University - Kellogg School of Management, University of Chicago - Booth School of Business and affiliation not provided to SSRN
Downloads 70 (329,114)

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Sizing Up Repo

CEPR Discussion Paper No. DP8795
Number of pages: 62 Posted: 01 Mar 2012
Arvind Krishnamurthy, Stefan Nagel and Dmitry Orlov
Northwestern University - Kellogg School of Management, University of Chicago - Booth School of Business and affiliation not provided to SSRN
Downloads 8 (612,493)
Citation 122
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Dealer Banks, Financial Crisis, Repurchase Agreements, Shadow Banking

36.

Emerging Markets Crisis An Asset Markets Perspective

IMF Working Paper No. 99/129
Number of pages: 53 Posted: 15 Feb 2006
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 78 (306,012)

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Capital flows fire sales financial constraints contractual and corporate governance problems balance sheets wasted collateral domestic and foreign spreads excessive leverage banks

37.

Amplification Mechanisms in Liquidity Crises

NBER Working Paper No. w15040
Number of pages: 38 Posted: 08 Jun 2009 Last Revised: 07 Aug 2010
Arvind Krishnamurthy
Downloads 69 (327,891)
Citation 76

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38.

The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy

NBER Working Paper No. w17555
Number of pages: 54 Posted: 04 Nov 2011
Arvind Krishnamurthy and Annette Vissing-Jorgensen
Northwestern University - Kellogg School of Management and National Bureau of Economic Research (NBER)
Downloads 52 (377,061)
Citation 140

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39.

Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective

NBER Working Paper No. w10517
Number of pages: 34 Posted: 08 Jun 2004 Last Revised: 28 Sep 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 39 (423,166)
Citation 13

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40.

Inflation Targeting and Sudden Stops

NBER Working Paper No. w9599
Number of pages: 26 Posted: 05 Apr 2003 Last Revised: 01 Nov 2010
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 31 (457,014)
Citation 12

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41.

Interpreting Repo Statistics in the Flow of Funds Accounts

NBER Working Paper No. w19389
Number of pages: 13 Posted: 30 Aug 2013 Last Revised: 07 Sep 2013
Arvind Krishnamurthy and Stefan Nagel
Northwestern University - Kellogg School of Management and University of Chicago - Booth School of Business
Downloads 22 (503,939)

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