Arvind Krishnamurthy

Northwestern University - Kellogg School of Management

Assistant Professor of Finance

2001 Sheridan Road

Evanston, IL 60208

United States

SCHOLARLY PAPERS

42

DOWNLOADS
Rank 2,222

SSRN RANKINGS

Top 2,222

in Total Papers Downloads

12,626

CITATIONS
Rank 327

SSRN RANKINGS

Top 327

in Total Papers Citations

1,269

Scholarly Papers (42)

1.
Downloads 1,150 ( 13,836)
Citation 7

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 - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management
Downloads 1,133 (13,867)
Citation 7

Abstract:

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

A Macroeconomic Framework for Quantifying Systemic Risk

NBER Working Paper No. w19885
Number of pages: 51 Posted: 11 Feb 2014
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management
Downloads 17 (476,575)
Citation 7

Abstract:

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 - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management

Abstract:

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

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 876 (20,481)
Citation 49

Abstract:

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 45 (348,073)
Citation 49

Abstract:

3.
Downloads 838 ( 21,724)
Citation 1

Measuring Liquidity Mismatch in the Banking Sector

Journal of Finance, Forthcoming
Number of pages: 63 Posted: 22 Oct 2013 Last Revised: 19 Feb 2017
Jennie Bai, Arvind Krishnamurthy and Charles-Henri Weymuller
Georgetown University - Department of Finance, Northwestern University - Kellogg School of Management and Harvard University
Downloads 838 (21,854)
Citation 1

Abstract:

liquidity mismatch; liquidity regulation; market liquidity; funding liquidity; Basel III

4.

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 814 (19,885)
Citation 3

Abstract:

5.

The Bond/Old-Bond Spread

AFA 2002 Atlanta Meetings
Number of pages: 47 Posted: 13 Dec 2000
Arvind Krishnamurthy
Downloads 720 (26,617)
Citation 103

Abstract:

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 659 (28,436)
Citation 4

Abstract:

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 519 (42,811)
Citation 37

Abstract:

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 397 (59,270)
Citation 31

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 47 (341,536)
Citation 31

Abstract:

9.
Downloads 408 ( 57,744)
Citation 18

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 371 (64,059)
Citation 18

Abstract:

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 37 (376,354)
Citation 18

Abstract:

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

Abstract:

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 324 (75,147)
Citation 9

Abstract:

International Liquidity Management: Sterilization Policy in Illiquid Financial Markets

NBER Working Paper No. w7740
Number of pages: 49 Posted: 12 Jun 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 34 (388,324)
Citation 9

Abstract:

11.

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 351 (67,000)
Citation 4

Abstract:

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

12.
Downloads 332 ( 73,656)
Citation 49

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 - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management
Downloads 269 (92,657)
Citation 49

Abstract:

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
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management
Downloads 63 (296,026)
Citation 49

Abstract:

13.
Downloads 332 ( 73,656)
Citation 11

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 284 (87,248)
Citation 11

Abstract:

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 48 (338,445)
Citation 11

Abstract:

14.
Downloads 325 ( 75,406)
Citation 4

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 291 (84,856)
Citation 4

Abstract:

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 34 (388,324)
Citation 4

Abstract:

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 304 (81,166)
Citation 1

Abstract:

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 273 (91,168)
Citation 6

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 29 (410,313)
Citation 6

Abstract:

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 258 (96,824)
Citation 149

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 41 (361,663)
Citation 149

Abstract:

18.
Downloads 297 ( 83,378)
Citation 26

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 252 (99,238)
Citation 26

Abstract:

Balance Sheet Adjustments in the 2008 Crisis

NBER Working Paper No. w15919
Number of pages: 46 Posted: 27 Apr 2010
Zhiguo He, In Gu Khang and Arvind Krishnamurthy
Downloads 45 (347,988)
Citation 26

Abstract:

19.
Downloads 292 ( 85,004)
Citation 72

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 253 (98,839)
Citation 72

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 39 (368,925)
Citation 72

Abstract:

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 281 (88,280)
Citation 60

Abstract:

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

Abstract:

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 212 (118,377)
Citation 6

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 28 (415,025)
Citation 6

Abstract:

22.
Downloads 229 (110,092)
Citation 19

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 210 (119,514)
Citation 19

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 19 (465,023)
Citation 19

Abstract:

23.
Downloads 205 (122,734)
Citation 46

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 178 (139,853)
Citation 46

Abstract:

Emerging Market Crises: an Asset Markets Perspective

NBER Working Paper No. w6843
Number of pages: 46 Posted: 18 Aug 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 27 (420,103)
Citation 46

Abstract:

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 177 (140,517)
Citation 12

Abstract:

Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment

NBER Working Paper No. w7792
Number of pages: 34 Posted: 19 Jul 2000
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 25 (430,606)
Citation 12

Abstract:

25.

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 179 (136,470)
Citation 12

Abstract:

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

26.
Downloads 167 (148,135)
Citation 53

Intermediary Asset Pricing

American Economic Review, Forthcoming
Number of pages: 53 Posted: 12 May 2012
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management
Downloads 97 (227,713)
Citation 51

Abstract:

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
Zhiguo He and Arvind Krishnamurthy
University of Chicago - Booth School of Business, and NBER and Northwestern University - Kellogg School of Management
Downloads 70 (279,334)
Citation 53

Abstract:

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 164 (145,810)
Citation 17

Abstract:

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

28.

Global Imbalances and Financial Fragility

NBER Working Paper No. w14688
Number of pages: 13 Posted: 31 Jan 2009
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 133 (174,031)
Citation 59

Abstract:

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 78 (262,055)
Citation 83

Abstract:

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 44 (351,411)
Citation 83

Abstract:

30.

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 119 (195,466)
Citation 6

Abstract:

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

31.

Equilibrium Asset Prices Under Imperfect Corporate Control

NBER Working Paper No. w9758
Number of pages: 37 Posted: 08 Jun 2003
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 84 (226,205)
Citation 23

Abstract:

32.

How Debt Markets Have Malfunctioned in the Crisis

NBER Working Paper No. w15542
Number of pages: 40 Posted: 01 Dec 2009
Arvind Krishnamurthy
Downloads 82 (239,286)
Citation 31

Abstract:

33.
Downloads 71 (274,094)
Citation 20

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 Michigan, Stephen M. Ross School of Business and affiliation not provided to SSRN
Downloads 63 (295,951)
Citation 20

Abstract:

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 Michigan, Stephen M. Ross School of Business and affiliation not provided to SSRN
Downloads 8 (527,539)
Citation 20

Abstract:

Dealer Banks, Financial Crisis, Repurchase Agreements, Shadow Banking

34.

The Demand for Treasury Debt

NBER Working Paper No. w12881
Number of pages: 56 Posted: 31 Jan 2007
Annette Vissing-Jorgensen and Arvind Krishnamurthy
National Bureau of Economic Research (NBER) and Northwestern University - Kellogg School of Management
Downloads 67 (253,766)
Citation 82

Abstract:

35.

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 67 (271,995)
Citation 33

Abstract:

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

36.

Amplification Mechanisms in Liquidity Crises

NBER Working Paper No. w15040
Number of pages: 38 Posted: 08 Jun 2009
Arvind Krishnamurthy
Downloads 59 (287,609)
Citation 34

Abstract:

37.

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
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 32 (375,739)
Citation 12

Abstract:

38.

Balance Sheet Adjustments During the 2008 Crisis

IMF Economic Review, Vol. 58, Issue 1, pp. 118-156, 2010
Number of pages: 39 Posted: 18 Oct 2010
Zhiguo He, In Gu Khang and Arvind Krishnamurthy
Downloads 31 (391,247)
Citation 24

Abstract:

39.

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 28 (351,456)
Citation 28

Abstract:

40.

Inflation Targeting and Sudden Stops

NBER Working Paper No. w9599
Number of pages: 26 Posted: 05 Apr 2003
Ricardo J. Caballero and Arvind Krishnamurthy
Massachusetts Institute of Technology (MIT) - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 24 (408,710)
Citation 20

Abstract:

41.

Interpreting Repo Statistics in the Flow of Funds Accounts

NBER Working Paper No. w19389
Number of pages: 13 Posted: 30 Aug 2013
Arvind Krishnamurthy and Stefan Nagel
Northwestern University - Kellogg School of Management and University of Michigan, Stephen M. Ross School of Business
Downloads 11 (469,773)

Abstract:

42.

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 0 (201,785)

Abstract:

Reasury Supply, Monetary Economics, Financial stability, Banking