Arvind Krishnamurthy

Northwestern University - Kellogg School of Management

Assistant Professor of Finance

2001 Sheridan Road

Evanston, IL 60208

United States

  • Northwestern University - Kellogg School of Management

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SCHOLARLY PAPERS

41

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1,289

Scholarly Papers (41)

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1.

Measuring Liquidity Mismatch in the Banking Sector

Downloads 1,516 (23,796)
Citation 39

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 - McDonough School of Business, Northwestern University - Kellogg School of Management and Harvard University
Downloads 1,516 (26,286)
Citation 39

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

2.

A Macroeconomic Framework for Quantifying Systemic Risk

Downloads 1,437 (29,079)
Citation 39

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
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management
Downloads 1,381 (30,261)
Citation 14

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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 Last Revised: 03 May 2023
Zhiguo He and Arvind Krishnamurthy
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management
Downloads 56 (802,164)
Citation 25

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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
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management

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

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
Markus K. Brunnermeier, Lars Peter Hansen, Anil K. Kashyap, Arvind Krishnamurthy and Andrew W. Lo
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) - Laboratory for Financial Engineering
Downloads 1,081 (44,000)
Citation 4

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4.

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

Downloads 1,070 (44,613)
Citation 72

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 974 (50,077)
Citation 4

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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 Last Revised: 20 Nov 2022
Xavier Gabaix, Arvind Krishnamurthy and Olivier Vigneron
Harvard University - Department of Economics, Northwestern University - Kellogg School of Management and UBM
Downloads 96 (588,631)
Citation 68

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5.

The Bond/Old-Bond Spread

Number of pages: 47 Posted: 13 Dec 2000
Arvind Krishnamurthy
Northwestern University - Kellogg School of Management
Downloads 1,047 (45,965)
Citation 66

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

6.

The Effects of Quantitative Easing on Interest Rates

Number of pages: 37 Posted: 14 Mar 2011
Annette Vissing-Jorgensen and Arvind Krishnamurthy
Federal Reserve Board and Northwestern University - Kellogg School of Management
Downloads 955 (52,358)
Citation 8

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7.

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 832 (63,199)
Citation 29

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Measurement, Systemic Risk, Liquidity

8.

Bubbles and Capital Flow Volatility: Causes and Risk Management

Downloads 553 (106,996)
Citation 18

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 460 (132,321)
Citation 7

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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: 01 Oct 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 93 (601,116)
Citation 11

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9.

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

Downloads 504 (119,961)

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

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 423 (146,242)

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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: 27 Aug 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 81 (655,296)

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10.

A Dual Liquidity Model for Emerging Markets

Downloads 489 (124,406)
Citation 2

A Dual Liquidity Model for Emerging Markets

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 419 (147,929)

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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 Last Revised: 08 Dec 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 70 (712,795)
Citation 2

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A Dual Liquidity Model for Emerging Markets

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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11.

A 'Vertical' Analysis of Monetary Policy in Emerging Markets

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 486 (125,339)
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

12.

A Model of Capital and Crises

Downloads 484 (126,296)
Citation 191

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
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management
Downloads 356 (178,305)
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: 03 Oct 2022
Zhiguo He and Arvind Krishnamurthy
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management
Downloads 128 (473,099)
Citation 48

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13.

Fiscal Policy and Financial Depth

Downloads 475 (128,787)

Fiscal Policy and Financial Depth

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 379 (165,737)

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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 Last Revised: 13 Oct 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 96 (588,631)

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14.

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 427 (146,163)
Citation 20

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Liquidity, liquidity mismatch

15.

Balance Sheet Adjustments in the 2008 Crisis

Downloads 416 (150,739)
Citation 24

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
Stanford University - Knight Management Center, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 303 (211,727)
Citation 24

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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: 02 Jul 2023
Zhiguo He, In Gu Khang and Arvind Krishnamurthy
Stanford University - Knight Management Center, Northwestern University - Kellogg School of Management and Northwestern University - Kellogg School of Management
Downloads 113 (522,121)

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16.

Financial System Risk and Flight to Quality

Downloads 408 (154,107)

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 341 (186,334)

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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 Last Revised: 03 Nov 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 67 (730,329)

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17.

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

Downloads 387 (163,476)
Citation 120

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

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 300 (213,998)
Citation 120

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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: 14 Oct 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 87 (627,241)

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18.

International Liquidity Illusion: On the Risks of Sterilization

Downloads 385 (164,443)
Citation 1

International Liquidity Illusion: On the Risks of Sterilization

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 316 (202,262)
Citation 1

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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: 01 Oct 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 69 (718,543)

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19.

Flight to Quality and Collective Risk Management

Downloads 381 (166,349)

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 298 (215,564)

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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 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 83 (645,816)

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20.

Intermediary Asset Pricing

Downloads 362 (176,045)
Citation 98

Intermediary Asset Pricing

American Economic Review, Forthcoming
Number of pages: 53 Posted: 12 May 2012
Zhiguo He and Arvind Krishnamurthy
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management
Downloads 238 (271,338)
Citation 60

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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: 02 Sep 2022
Zhiguo He and Arvind Krishnamurthy
Stanford University - Knight Management Center and Northwestern University - Kellogg School of Management
Downloads 124 (485,390)
Citation 38

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21.

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 Federal Reserve Board
Downloads 361 (176,589)
Citation 56

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Reasury Supply, Monetary Economics, Financial stability, Banking

22.

Excessive Dollar Debt: Financial Development and Underinsurance

Downloads 349 (183,241)
Citation 80

Excessive Dollar Debt: Financial Development and Underinsurance

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 349 (181,613)
Citation 80

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

Excessive Dollar Debt: Financial Development and Underinsurance

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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23.

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

Downloads 315 (204,633)
Citation 1

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

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 253 (255,403)
Citation 1

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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: 14 Jul 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 62 (761,412)

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24.

Smoothing Sudden Stops

Downloads 294 (220,290)
Citation 16

Smoothing Sudden Stops

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 247 (261,619)
Citation 16

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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: 13 Jul 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 47 (873,118)

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25.

Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

Downloads 279 (233,466)
Citation 1

Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

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 217 (296,937)
Citation 1

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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: 17 Oct 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 62 (767,943)

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26.

Emerging Market Crises: An Asset Markets Perspective

Downloads 271 (239,709)
Citation 9

Emerging Market Crises: An Asset Markets Perspective

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 223 (289,196)
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: 14 Sep 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 48 (864,585)

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27.

The Demand for Treasury Debt

NBER Working Paper No. w12881
Number of pages: 56 Posted: 31 Jan 2007 Last Revised: 12 Sep 2022
Annette Vissing-Jorgensen and Arvind Krishnamurthy
Federal Reserve Board and Northwestern University - Kellogg School of Management
Downloads 233 (278,690)
Citation 110

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28.

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

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 230 (282,223)
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

29.

Collective Risk Management in a Flight to Quality Episode

Downloads 219 (295,807)
Citation 87

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 129 (470,145)

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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 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 90 (613,749)
Citation 87

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30.

Inflation Targets and Sudden Stops

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 217 (298,410)

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

31.

Sizing Up Repo

Downloads 210 (307,853)
Citation 35

Sizing Up Repo

NBER Working Paper No. w17768
Number of pages: 60 Posted: 19 Jan 2012 Last Revised: 21 Jul 2023
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 202 (318,130)

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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 (1,323,294)
Citation 35
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Dealer Banks, Financial Crisis, Repurchase Agreements, Shadow Banking

32.

Global Imbalances and Financial Fragility

NBER Working Paper No. w14688
Number of pages: 13 Posted: 31 Jan 2009 Last Revised: 21 Aug 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 179 (356,683)
Citation 51

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33.

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 Last Revised: 21 Jun 2023
Arvind Krishnamurthy and Annette Vissing-Jorgensen
Northwestern University - Kellogg School of Management and Federal Reserve Board
Downloads 172 (371,316)
Citation 43

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34.

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 160 (393,290)
Citation 3

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

35.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758
Number of pages: 37 Posted: 08 Jun 2003 Last Revised: 01 Sep 2022
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 135 (451,706)
Citation 4

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36.

How Debt Markets Have Malfunctioned in the Crisis

NBER Working Paper No. w15542
Number of pages: 40 Posted: 01 Dec 2009 Last Revised: 21 Jun 2023
Arvind Krishnamurthy
Northwestern University - Kellogg School of Management
Downloads 128 (471,324)
Citation 37

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37.

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 110 (529,271)

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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

38.

Amplification Mechanisms in Liquidity Crises

NBER Working Paper No. w15040
Number of pages: 38 Posted: 08 Jun 2009 Last Revised: 05 Feb 2023
Arvind Krishnamurthy
Northwestern University - Kellogg School of Management
Downloads 97 (578,961)
Citation 19

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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 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 65 (729,564)

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40.

Interpreting Repo Statistics in the Flow of Funds Accounts

NBER Working Paper No. w19389
Number of pages: 13 Posted: 30 Aug 2013 Last Revised: 25 Jun 2023
Arvind Krishnamurthy and Stefan Nagel
Northwestern University - Kellogg School of Management and University of Chicago - Booth School of Business
Downloads 56 (786,181)

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41.

Inflation Targeting and Sudden Stops

NBER Working Paper No. w9599
Number of pages: 26 Posted: 05 Apr 2003 Last Revised: 25 Sep 2022
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 50 (829,825)
Citation 1

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