Jeromin Zettelmeyer

International Monetary Fund (IMF)

700 19th Street, N.W.

Washington, DC 20431

United States

Peterson Institute for International Economics

Senior Fellow

1750 Massachusetts Avenue, NW

Washington, DC 20036

United States

CEPR

Research Fellow

London

United Kingdom

SCHOLARLY PAPERS

43

DOWNLOADS
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9,753

SSRN CITATIONS
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SSRN RANKINGS

Top 5,500

in Total Papers Citations

85

CROSSREF CITATIONS

156

Scholarly Papers (43)

1.

The Greek Debt Restructuring: An Autopsy

Peterson Institute for International Economics Working Paper No. 2013-13-8
Number of pages: 65 Posted: 11 Sep 2012 Last Revised: 25 Dec 2014
Jeromin Zettelmeyer, Christoph Trebesch and Mitu Gulati
International Monetary Fund (IMF), Kiel Institute for the World Economy and University of Virginia School of Law
Downloads 2,017 (11,172)
Citation 19

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sovereign debt, sovereign default, debt restructuring, financial crises, Eurozone crisis, Greece

2.
Downloads 146 ( 17,442)
Citation 2

Engineering an Orderly Greek Debt Restructuring

Number of pages: 10 Posted: 30 Jan 2012
Mitu Gulati and Jeromin Zettelmeyer
University of Virginia School of Law and International Monetary Fund (IMF)
Downloads 146 (276,512)
Citation 2

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Greece, sovereign debt, default, restructuring, collective action clauses

3.

The Role of the IMF in Future Sovereign Debt Restructurings

USC CLASS Research Paper No. CLASS 13-6, USC Law Legal Studies Paper No. 13-19
Number of pages: 15 Posted: 26 Nov 2013 Last Revised: 25 Dec 2014
University of Chicago Law School, Ministry of Foreign Affairs, Netherlands, Center for Contract and Economic Organization, University of Virginia School of Law, Johns Hopkins University, Reykjavik University, University of Southern California Gould School of Law, University of Pennsylvania Carey Law School, Ministry of Finance of the Russian Federation and International Monetary Fund (IMF)
Downloads 758 (47,066)

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International Monetary Fund, Sovereign Debt

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

CESifo Working Paper Series No. 4731
Number of pages: 49 Posted: 18 Sep 2012 Last Revised: 07 May 2014
Christoph Trebesch and Jeromin Zettelmeyer
Kiel Institute for the World Economy and International Monetary Fund (IMF)
Downloads 369 (113,226)
Citation 2

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Central Bank Asset Purchases, Securities Markets Programme, Eurozone Crisis, Sovereign Risk, Market Segmentation

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

Peterson Institute for International Economics Working Paper No. 18-1
Number of pages: 67 Posted: 26 Jan 2018
Christoph Trebesch and Jeromin Zettelmeyer
Kiel Institute for the World Economy and International Monetary Fund (IMF)
Downloads 70 (452,281)
Citation 9

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Central Bank Asset Purchases, Securities Markets Programme, Eurozone Crisis, Sovereign Risk, Market Segmentation

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

CEPR Discussion Paper No. DP12635
Number of pages: 69 Posted: 29 Jan 2018
Christoph Trebesch and Jeromin Zettelmeyer
Kiel Institute for the World Economy and International Monetary Fund (IMF)
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Citation 1
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Central Bank Asset Purchases, eurozone crisis, Market Segmentation, Securities Markets Programme, sovereign risk

5.

International Bailouts, Moral Hazard, and Conditionality

Number of pages: 29 Posted: 09 Oct 2001
Olivier Jeanne and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 434 (94,671)
Citation 3

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6.

Measuring the Rise of Economic Nationalism

Peterson Institute for International Economics Working Paper No. 19-15
Number of pages: 57 Posted: 24 Aug 2019
Monica de Bolle and Jeromin Zettelmeyer
Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 390 (107,125)
Citation 4

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nationalism, populism, capitalism, trade policy, industrial policy, protectionism

7.
Downloads 380 (110,330)
Citation 17

Revisiting Sovereign Bankruptcy

Number of pages: 57 Posted: 17 Nov 2013
Center for Contract and Economic Organization, Georgetown University Law Center, University of Virginia School of Law, United Nations - Conference on Trade and Development (UNCTAD), Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and International Monetary Fund (IMF)
Downloads 289 (147,377)
Citation 25

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Revisiting Sovereign Bankruptcy

Revisiting Sovereign Bankruptcy, Brookings Institution, October 2013
Number of pages: 57 Posted: 13 Nov 2013
Center for Contract and Economic Organization, Georgetown University Law Center, University of Virginia School of Law, United Nations - Conference on Trade and Development (UNCTAD), Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and International Monetary Fund (IMF)
Downloads 91 (387,580)

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Sovereign debt, fiscal crises, default, bankruptcy, debt restructuring

8.

If Boilerplate Could Talk

Duke Law School Public Law & Legal Theory Series No. 2017-45
Number of pages: 65 Posted: 13 Jun 2017 Last Revised: 27 Apr 2020
Anna Gelpern, Mitu Gulati and Jeromin Zettelmeyer
Georgetown University Law Center, University of Virginia School of Law and International Monetary Fund (IMF)
Downloads 317 (134,345)
Citation 5

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Contracts, Stickiness, Sovereign Debt, Sovereign Default

9.
Downloads 290 (143,880)
Citation 10

Making a Voluntary Greek Debt Exchange Work

Economic Research Initiatives at Duke (ERID) Working Paper
Number of pages: 16 Posted: 04 Jan 2012 Last Revised: 01 Feb 2012
Mitu Gulati and Jeromin Zettelmeyer
University of Virginia School of Law and International Monetary Fund (IMF)
Downloads 290 (146,825)
Citation 7

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10.

Moral Hazard and International Crisis Lending: A Test

IMF Working Paper No. 02/181
Number of pages: 55 Posted: 01 Feb 2006
Giovanni Dell'Ariccia, Isabel Schnabel and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department, University of Bonn - Institute for Financial Economics and Statistics and International Monetary Fund (IMF)
Downloads 297 (143,880)

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Moral hazard, international lending, financial crises, sovereign debt

11.

Growth and Reforms in Latin America: A Survey of Facts and Arguments

IMF Working Paper No. 06/210
Number of pages: 40 Posted: 31 Oct 2006
Jeromin Zettelmeyer
International Monetary Fund (IMF)
Downloads 293 (145,910)

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Growth, Reforms, Volatility, Latin America

12.

Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

IMF Working Paper No. 05/137
Number of pages: 68 Posted: 03 Mar 2006
Federico Sturzenegger and Jeromin Zettelmeyer
Universidad Torcuato Di Tella and International Monetary Fund (IMF)
Downloads 279 (153,397)
Citation 11

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Sovereign Debt, Debt Restructuring, Defaults, Financial Crises

13.

The Impact of Monetary Policy on the Exchange Rate: Evidence from Three Small Open Economies

IMF Working Paper No. 00/141
Number of pages: 46 Posted: 31 Jan 2006
Jeromin Zettelmeyer
International Monetary Fund (IMF)
Downloads 252 (169,915)
Citation 15

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Monetary Policy, Interest Rates, Exchange Rates

14.

Monetary Independence in Emerging Markets: Does the Exchange Rate Regime Make a Difference?

IMF Working Paper No. 01/1
Number of pages: 50 Posted: 08 Jun 2001
Eduardo Borensztein, Jeromin Zettelmeyer and Thomas Philippon
Inter-American Development Bank (IADB), International Monetary Fund (IMF) and New York University (NYU) - Department of Finance
Downloads 245 (174,567)
Citation 6

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Monetary policy, exchange rate regime, interest rates, risk premium

15.

How to Restructure Sovereign Debt: Lessons from Four Decades

Peterson Institute for International Economics Working Paper No. 19-8
Number of pages: 26 Posted: 03 Jun 2019
Lee C. Buchheit, Guillaume Chabert, Chanda DeLong and Jeromin Zettelmeyer
Center for Contract and Economic Organization, affiliation not provided to SSRN, International Monetary Fund and International Monetary Fund (IMF)
Downloads 228 (186,909)
Citation 3

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Sovereign debt, financial crises, debt restructuring, debt defaults, Paris Club

16.

Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001

IMF Working Paper No. 02/133
Number of pages: 45 Posted: 02 Feb 2006
Kenneth Rogoff and Jeromin Zettelmeyer
Harvard University - Department of Economics and International Monetary Fund (IMF)
Downloads 214 (198,454)
Citation 2

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sovereign bankruptcy, debt crises, international bankruptcy court, Chapter 11

17.

Strengthening IMF Crisis Prevention

IMF Working Paper No. 05/206
Number of pages: 23 Posted: 03 Mar 2006
Jonathan D. Ostry and Jeromin Zettelmeyer
Georgetown University and International Monetary Fund (IMF)
Downloads 202 (209,375)

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International Monetary Fund, Crisis prevention, IMF surveillance

A Theory of International Crisis Lending and IMF Conditionality

IMF Working Paper No. 08/236
Number of pages: 35 Posted: 18 Dec 2008
Olivier Jeanne, Jonathan D. Ostry and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department, Georgetown University and International Monetary Fund (IMF)
Downloads 182 (229,571)

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Financial crisis, Crisis prevention, Fund role, Conditionality, Moral hazard, Spillovers

19.

What Makes Growth Sustained?

IMF Working Paper No. 08/59
Number of pages: 35 Posted: 24 Mar 2008
Jonathan D. Ostry and Jeromin Zettelmeyer
Georgetown University and International Monetary Fund (IMF)
Downloads 184 (227,363)

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Economic growth, Income distribution, Trade, Foreign direct investment

20.

Early Ideas on Sovereign Bankruptcy Reorganization: A Survey

IMF Working Paper No. 02/57
Number of pages: 19 Posted: 09 Feb 2006
Kenneth Rogoff and Jeromin Zettelmeyer
Harvard University - Department of Economics and International Monetary Fund (IMF)
Downloads 184 (227,363)

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Sovereign Bankruptcy, Debt Crises, International Bankruptcy Court, Chapter 11

21.

The New Global Financial Safety Net: Struggling for Coherent Governance in a Multipolar System

CIGI Essays in International Finance, Volume 4, January 2017
Number of pages: 65 Posted: 06 Apr 2017
Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and International Monetary Fund (IMF)
Downloads 176 (236,233)
Citation 3

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Global Financial Safety Net, IMF, ESM, Chiang Mai, Financial Crises, Financial Architecture

22.

'Original Sin', Balance Sheet Crises, and the Roles of International Lending

IMF Working Paper No. 02/234
Number of pages: 28 Posted: 15 Feb 2006
Olivier Jeanne and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 176 (236,233)
Citation 4

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Currency crises balance sheet mismatches international lending

23.

Exchange Rate Regimes and External Adjustment: New Answers to an Old Debate

THE NEW INTERNATIONAL MONETARY SYSTEM: ESSAYS IN HONOR OF ALEXANDER SWOBODA, C. Wyplosz, ed., Routledge, March 2010
Number of pages: 17 Posted: 09 Dec 2011
Atish R. Ghosh, Marco E. Terrones and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 165 (249,396)

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Flexible exchange rates, Fixed exchange rates, Current Account Balances, Current Account Reversals

What Moves Capital to Transition Economies?

IMF Working Paper No. 02/64
Number of pages: 47 Posted: 15 Feb 2006
Pietro Garibaldi, Nada Mora, Ratna Sahay and Jeromin Zettelmeyer
Bocconi University - Department of Economics, Lebanese University, International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 165 (249,779)

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Transition economies capital flows foreign direct investment portfolio investment

What Moves Capital to Transition Economies?

Posted: 27 Sep 2002
Pietro Garibaldi, Nada Mora, Ratna Sahay and Jeromin Zettelmeyer
Bocconi University - Department of Economics, Lebanese University, International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)

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Transition economies, capital flows, foreign direct investment, portfolio investment

25.

The Effect of External Conditions on Growth in Latin America

IMF Working Paper No. 07/176
Number of pages: 38 Posted: 23 Aug 2007
Pär Österholm and Jeromin Zettelmeyer
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 125 (310,396)

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Working Paper, Latin America, Economic growth, Business cycles, Economic growth, Commodity prices

26.

The Problem that Wasn’t: Coordination Failures in Sovereign Debt Restructurings

IMF Working Paper No. 11/265
Number of pages: 29 Posted: 20 Dec 2011
Ran Bi, Marcos Chamon and Jeromin Zettelmeyer
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 122 (315,963)
Citation 1

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Debt restructuring, Economic models, Emerging markets, Sovereign debt

27.

Does Greece Need More Official Debt Relief? If So, How Much?

Peterson Institute for International Economics Working Paper No. 17-6
Number of pages: 54 Posted: 06 Apr 2017
Jeromin Zettelmeyer, Eike Kreplin and Ugo Panizza
International Monetary Fund (IMF), Federal Ministry for Economic Affairs and Energy and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
Downloads 96 (371,539)
Citation 3

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Greece, Sovereign Debt, Debt Restructuring, Euro Crisis, European Stability Mechanism, European Financial Stability Facility

28.

Implicit Transfers in IMF Lending, 1973-2003

IMF Working Paper No. 05/8
Number of pages: 42 Posted: 10 Jan 2006
Jeromin Zettelmeyer and Priyadarshani Joshi
International Monetary Fund (IMF) and Princeton University
Downloads 84 (403,303)

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International Monetary Fund, subsidy, moral hazard, HIPC initiative

29.

Competitiveness in Transition Economies: What Scope for Real Appreciation?

IMF Working Paper No. 97/149
Number of pages: 55 Posted: 15 Feb 2006
Kornélia Krajnyák and Jeromin Zettelmeyer
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 81 (411,896)

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How Private Creditors Fared in Emerging Debt Markets, 1970-2000

IMF Working Paper No. 04/13
Number of pages: 60 Posted: 15 Feb 2006
International Monetary Fund (IMF) - European Department, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and International Monetary Fund (IMF)
Downloads 68 (459,371)

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sovereign debt, crises, returns capital flows

How Private Creditors Fared in Emerging Debt Markets, 1970-2000

Number of pages: 62 Posted: 02 Jun 2004
International Monetary Fund (IMF) - European Department, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and International Monetary Fund (IMF)
Downloads 13 (788,078)
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Sovereign debt, crises, returns capital flows

How Private Creditors Fared in Emerging Debt Markets, 1970-2000

IMF Working Paper No. 04/13
Posted: 04 Mar 2004
International Monetary Fund (IMF) - European Department, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and International Monetary Fund (IMF)

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sovereign debt, crises, returns capital flows

31.

Fiscal Positions in Latin America: Have They Really Improved?

IMF Working Paper No. 08/137
Number of pages: 32 Posted: 01 Jul 2008
Ivanna Vladkova Hollar and Jeromin Zettelmeyer
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 80 (414,911)

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Working Paper, South America, Central America, Latin America, Revenue sources, Tax revenues, Commodity markets, Balance of payments, Business cycles

32.

The Uzbek Growth Puzzle

IMF Working Paper No. 98/133
Number of pages: 36 Posted: 15 Feb 2006
Jeromin Zettelmeyer
International Monetary Fund (IMF)
Downloads 78 (420,989)

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Uzbekistan, Transition, Growth, Output, Public Investment, Cotton, Energy

33.

Output Decline and Recovery in Uzbekistan: Past Performance and Future Prospects

IMF Working Paper No. 98/132
Number of pages: 30 Posted: 15 Feb 2006
Günther Taube and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Fiscal Affairs Department and International Monetary Fund (IMF)
Downloads 75 (430,331)

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Uzbekistan, Transition, Growth, Output, Sustainability

34.
Downloads 74 (433,560)
Citation 4

The Search for a Euro Area Safe Asset

Peterson Institute for International Economics Working Paper No. 18-3
Number of pages: 68 Posted: 12 Mar 2018 Last Revised: 01 Mar 2019
Jeromin Zettelmeyer and Alvaro Leandro
International Monetary Fund (IMF) and Peterson Institute for International Economics
Downloads 74 (438,631)
Citation 8

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sovereign debt, banking crisis, euro crisis, safe assets, ESBies

The Search for a Euro Area Safe Asset

CEPR Discussion Paper No. DP12793
Number of pages: 82 Posted: 20 Mar 2018 Last Revised: 02 Oct 2018
Alvaro Leandro and Jeromin Zettelmeyer
Peterson Institute for International Economics and International Monetary Fund (IMF)
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Banking Crisis, ESBies, Euro crisis, safe assets, Sovereign debt

35.

The Mussa Theorem (and Other Results on Imf-Induced Moral Hazard)

IMF Working Paper No. 04/192
Number of pages: 26 Posted: 09 Feb 2006
Olivier Jeanne and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department and International Monetary Fund (IMF)
Downloads 70 (446,663)

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International Monetary Fund, Financial Crises, Moral Hazard

36.

The Impact of Monetary Policy on the Bilateral Exchange Rate: Chile Versus the United States

IMF Working Paper No. 03/71
Number of pages: 23 Posted: 29 Jan 2006
Jeromin Zettelmeyer
International Monetary Fund (IMF)
Downloads 70 (446,663)

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Monetary Policy, Interest Rates, Exchange Rates

Creating a Euro Area Safe Asset Without Mutualizing Risk (Much)

Peterson Institute for International Economics Working Paper No. 19-14, 2019
Number of pages: 33 Posted: 11 Aug 2019 Last Revised: 25 Aug 2019
Alvaro Leandro and Jeromin Zettelmeyer
Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 38 (595,355)
Citation 3

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safe assets, sovereign debt, banking crisis, euro crisis, eurobonds ESBies, SBBS, E-bonds

Creating a Euro Area Safe Asset Without Mutualizing Risk (Much)

CESifo Working Paper No. 7766
Number of pages: 40 Posted: 07 Aug 2019
Alvaro Leandro and Jeromin Zettelmeyer
Peterson Institute for International Economics and International Monetary Fund (IMF)
Downloads 31 (638,745)
Citation 1

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safe assets, sovereign debt, banking crisis, euro crisis, eurobonds, ESBies, SBBS, E-bonds

38.

Redesigning EU fiscal rules: From rules to standards

Peterson Institute for International Economics Working Paper No. 21-1
Number of pages: 32 Posted: 23 Mar 2021
Peterson Institute for International Economics, National Bureau of Economic Research (NBER)Peterson Institute for International Economics, International Monetary Fund (IMF) and Peterson Institute for International Economics
Downloads 58 (490,540)

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interest rates, fiscal policy, public debt, primary balance, fiscal deficit, fiscal rules, fiscal governance, fiscal standards, debt sustainability analysis

39.

CACs and Doorknobs

Capital Markets Law Journal, Forthcoming
Number of pages: 19 Posted: 01 Nov 2019 Last Revised: 10 Nov 2019
Anna Gelpern and Jeromin Zettelmeyer
Georgetown University Law Center and International Monetary Fund (IMF)
Downloads 58 (490,540)

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Sovereign Debt, Sovereign Bonds, Bankruptcy, Contract Reform, IMF, UN, Financial Crisis, Argentina, Greece

40.

Sovereign Debt Sustainability and Central Bank Credibility

IMF Working Paper No. 2022/016
Number of pages: 28 Posted: 30 Mar 2022
Tim Willems and Jeromin Zettelmeyer
International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 46 (542,146)

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sovereign debt, debt sustainability, fiscal policy, debt crises, fiscal-monetary interactions, central bank credibility, central bank credibility, credibility of the central bank, market value, credibility function, marginal utility, Ponzi scheme, Debt sustainability, Fiscal stance, Debt financing, Debt sustainability analysis

41.

Sovereign Debt

IMF Working Paper No. 2022/122
Number of pages: 46 Posted: 07 Jul 2022
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 37 (593,386)

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Sovereign Debt, Safe Debt, Debt Default, Debt Restructuring, Costs of Sovereign Default, Political Defaults, Fiscal Frameworks, State Contingent Debt, Original Sin, debt contract, short-term debt, market value, sovereign default, capital market exclusion, default decision, default event, payment terms, liquid asset, Securities markets, Fiscal rules, Global

42.

Emu and Long Interest Rates in Germany

IMF Working Paper No. 96/133
Number of pages: 40 Posted: 15 Feb 2006
Jeromin Zettelmeyer
International Monetary Fund (IMF)
Downloads 36 (593,386)

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43.

The Evolution of Output in Transition Economies: Explaining the Differences

IMF Working Paper 99/73, Conference Paper, The Nobel Symposium in Economics - The Economics of Transition, Stockholm, September 1999
Posted: 09 Nov 1999
Andrew Berg, Eduardo Borensztein, Ratna Sahay and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Developing Country Studies Division, Inter-American Development Bank (IADB), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)

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transition economies, growth, output decline, recovery, structural reforms