Prasanna Gai

University of Auckland Business School

12 Grafton Rd

Private Bag 92019

Auckland, 1010

New Zealand

Australian National University (ANU)

Canberra, Australian Capital Territory 2601

Australia

Bank of England

Threadneedle Street

London, EC2R 8AH

United Kingdom

SCHOLARLY PAPERS

32

DOWNLOADS
Rank 8,242

SSRN RANKINGS

Top 8,242

in Total Papers Downloads

7,896

SSRN CITATIONS
Rank 3,811

SSRN RANKINGS

Top 3,811

in Total Papers Citations

239

CROSSREF CITATIONS

115

Scholarly Papers (32)

1.

Measuring Investors' Risk Appetite

Bank of England Working Paper Series No. 283
Number of pages: 26 Posted: 30 Dec 2005
Prasanna Gai and Nicholas Vause
University of Auckland Business School and Bank for International Settlements Staff
Downloads 2,250 (9,137)
Citation 17

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2.

Contagion in Financial Networks

Bank of England Working Paper No. 383
Number of pages: 36 Posted: 24 Mar 2010
Prasanna Gai, Sujit Kapadia and Sujit Kapadia
University of Auckland Business School and Bank of EnglandEuropean Central Bank (ECB)
Downloads 1,550 (16,633)
Citation 190

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Contagion, Network Models, Systemic Risk, Liquidity Risk, Financial Crises

3.

Funding Liquidity Risk in a Quantitative Model of Systemic Stability

Bank of England Working Paper No. 372
Number of pages: 39 Posted: 17 Jun 2009
Bank of England - Monetary Assessment and Strategy Division, Bank of England, HSBC (London), University of Auckland Business School, Bank of EnglandEuropean Central Bank (ECB), Bank of England, Lebanese University, Bank of England and Bank of England
Downloads 1,516 (17,206)
Citation 50

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systemic risk, financial stability models, funding liquidity risk, contagion

4.

Financial Innovation, Macroeconomic Stability and Systemic Crises

Bank of England Working Paper No. 340
Number of pages: 41 Posted: 31 Mar 2008
University of Auckland Business School, Bank of EnglandEuropean Central Bank (ECB), Bank of England and Board of Governors of the Federal Reserve System
Downloads 361 (115,574)
Citation 4

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Systemic financial crises, financial innovation, macroeconomic stability, modern financial systems, fire sales

5.

Rollover Risk, Network Structure and Systemic Financial Crises

Number of pages: 26 Posted: 18 Nov 2009 Last Revised: 04 Jan 2011
Kartik Anand, Prasanna Gai and Matteo Marsili
Technische Universität Berlin (TU Berlin), University of Auckland Business School and Abdus Salam International Centre for Theoretical Physics (ICTP)
Downloads 302 (139,993)
Citation 15

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credit networks, financial markets, credit crises

6.
Downloads 244 (173,436)
Citation 19

A Network Model of Financial System Resilience

Bank of England Working Paper No. 458
Number of pages: 41 Posted: 21 Jul 2012
Technische Universität Berlin (TU Berlin), University of Auckland Business School, Bank of EnglandEuropean Central Bank (ECB), Bank of England and Bank of England
Downloads 143 (278,395)
Citation 25

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Contagion, financial crises, network models, systemic risk

A Network Model of Financial System Resilience

Number of pages: 37 Posted: 23 Mar 2011
Technische Universität Berlin (TU Berlin), Bank of England, University of Auckland Business School, Bank of EnglandEuropean Central Bank (ECB) and Bank of England
Downloads 101 (358,846)
Citation 1

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Interbank Network, Stress Test, Systemic Risk, Firesales

7.

Procyclicality, Collateral Values and Financial Stability

Bank of England Working Paper No. 304
Number of pages: 37 Posted: 28 Sep 2006
University of Auckland Business School, London School of Economics & Political Science (LSE)Central European University (CEU) and Bank for International Settlements Staff
Downloads 212 (198,170)
Citation 5

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Financial stability, procyclicality, collateral constraints

8.

Sovereign Liquidity Crises: Analytics and Implications for Public Policy

Bank of England Working Paper No. 121
Number of pages: 40 Posted: 19 Apr 2001
Michael K.F. Chui, Prasanna Gai and Andrew Haldane
Bank for International Settlements (BIS), University of Auckland Business School and Bank of England
Downloads 173 (237,260)
Citation 7

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9.

Crisis Costs and Debtor Discipline: The Efficacy of Public Policy in Sovereign Debt Crises

Bank of England Working Paper No. 136
Number of pages: 32 Posted: 30 Jun 2001
Prasanna Gai, Simon Hayes and Hyun Shin
University of Auckland Business School, Bank of England and affiliation not provided to SSRN
Downloads 170 (240,758)
Citation 14

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10.

Financial Stability, Monetary Stability and Public Policy

Bank of England Quarterly Bulletin
Number of pages: 12 Posted: 14 Dec 2005
Prasanna Gai
University of Auckland Business School
Downloads 159 (254,746)
Citation 2

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11.

Sovereign Debt Workouts with the IMF as Delegated Monitor - a Common Agency Approach

Bank of England Working Paper No. 187
Number of pages: 34 Posted: 23 Sep 2003
Prasanna Gai and Nicholas Vause
University of Auckland Business School and Bank for International Settlements Staff
Downloads 123 (310,933)
Citation 7

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Crisis management, IMF conditionality, private sector involvement, common agency probelms

12.

International Financial Crises and Public Policy: Some Welfare Analysis

Bank of England Quarterly Bulletin, November 2000
Number of pages: 9 Posted: 03 Aug 2005
Michael K.F. Chui, Prasanna Gai and Andrew Haldane
Bank for International Settlements (BIS), University of Auckland Business School and Bank of England
Downloads 103 (351,572)

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13.

Debt Maturity Structure with Pre-Emptive Creditors

Bank of England Working Paper No. 201
Number of pages: 28 Posted: 08 Sep 2004
Prasanna Gai and Hyun Song Shin
University of Auckland Business School and Bank for International Settlements (BIS)
Downloads 95 (370,324)
Citation 1

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Debt maturity, international financial architecture, creditor pre-emption

14.

Asset Encumbrance, Bank Funding and Financial Fragility

Bundesbank Discussion Paper No. 17/2016
Number of pages: 36 Posted: 21 Jun 2016
European Central Bank, Financial Research Division, Deutsche Bundesbank, University of Auckland Business School and Government of Canada - Bank of Canada
Downloads 87 (391,007)
Citation 1

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asset encumbrance, covered bonds, financial fragility, guarantees, rollover risk, wholesale funding

15.

Global Stores of Value and the International Role of the Renminbi

CIFR Paper No. 043
Number of pages: 37 Posted: 28 Oct 2014
Kartik Anand and Prasanna Gai
Deutsche Bundesbank and University of Auckland Business School
Downloads 84 (399,305)

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Safe Assets, International Monetary System, International Currencies

16.

Capturing Information Contagion in a Stress-Testing Framework

Bundesbank Discussion Paper No. 29/2016
Number of pages: 29 Posted: 05 Oct 2016
Deutsche Bundesbank, University of Auckland Business School, Government of Canada - Bank of Canada and Government of Canada - Bank of Canada
Downloads 65 (459,556)

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liquidity risk, contagion, stress testing, global games

17.

International Financial Rescues and Debtor-Country Moral Hazard

Bank of England Working Paper No. 217
Number of pages: 30 Posted: 04 Oct 2004
Prasanna Gai and Ashley Taylor
University of Auckland Business School and Bank of England
Downloads 65 (459,556)
Citation 8

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Moral hazard, international lending, financial crises

18.
Downloads 59 (481,980)

The Safe Asset Frontier

CIFR Paper No. 044/2014
Number of pages: 16 Posted: 28 Oct 2014
Kartik Anand and Prasanna Gai
Deutsche Bundesbank and University of Auckland Business School
Downloads 59 (489,258)

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Safe Assets, International Liquidity, Discrete Choice

The Safe Asset Frontier

New Zealand Economic Papers, 55(2), 155-165. DOI: 10.1080/00779954.2019.1688469., The University of Auckland Business School Research Paper Series
Posted: 01 Mar 2022
Kartik Anand and Prasanna Gai
Deutsche Bundesbank and University of Auckland Business School

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Safe assets, international liquidity, discrete choice

19.

Cybersecurity and Financial Stability

Deutsche Bundesbank Discussion Paper No. 08/2022
Number of pages: 53 Posted: 04 Apr 2022
Kartik Anand, Chanelle Duley and Prasanna Gai
Deutsche Bundesbank, University of Auckland and University of Auckland Business School
Downloads 50 (518,843)

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cyber attacks, bank runs, global games, weaker-link public goods

20.

Good Housekeeping? Reputation, Fixed Exchange Rates, and the 'Original Sin' Problem

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 08/2004
Number of pages: 23 Posted: 23 Aug 2007
Prasanna Gai and Kang Yong Tan
University of Auckland Business School and Australian National University (ANU) - Research School of Pacific and Asian Studies (RSPAS)
Downloads 43 (551,228)

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21.

Leaping into the Dark: A Theory of Policy Gambles

Deutsche Bundesbank Discussion Paper No. 07/2020
Number of pages: 49 Posted: 18 Mar 2020
Kartik Anand, Prasanna Gai and Philipp König
Deutsche Bundesbank, University of Auckland Business School and Technische Universität Berlin (TU Berlin)
Downloads 31 (616,302)

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Policy gambles, policy uncertainty, multiple equilibria, economic populism, Brexit

22.

Be kind or take it on the chin? Political narratives, pandemics, and social distancing

CAMA Working Paper No. 106/2020
Number of pages: 29 Posted: 16 Dec 2020
Kartik Anand, Prasanna Gai, Edmund Lou and Sherry Wu
Deutsche Bundesbank, University of Auckland Business School, Northwestern University and University of Auckland
Downloads 30 (622,607)

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Beauty contests, pandemic, Covid-19, political narratives, leadership

23.

Leaping into the Dark: A Model of Policy Gambles with Self-Fulfilling Features

Number of pages: 44 Posted: 20 Sep 2021
Kartik Anand, Prasanna Gai and Philipp Koenig
Deutsche Bundesbank, University of Auckland Business School and Deutsche Bundesbank
Downloads 29 (628,883)

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Policy uncertainty, electoral competition, multiple equilibria, political consensus

24.

Market-Friendly Central Bankers and the Signal Value of Prices

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 20/2021
Number of pages: 23 Posted: 16 Sep 2021
Prasanna Gai, Edmund Lou and Sherry Wu
University of Auckland Business School, Northwestern University and University of Auckland
Downloads 28 (635,366)

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Reflection problem, beauty contests, market expectations, central bank independence

25.

Regulatory Complexity and the Quest for Robust Regulation

ESRB: Advisory Scientific Committee Reports 2019/8
Number of pages: 51 Posted: 05 Nov 2020
University of Auckland Business School, Nematrian, European Systemic Risk Board and University of Bonn - Institute for Financial Economics and Statistics
Downloads 25 (655,838)
Citation 2

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26.

Pre-Emptive Sovereign Debt Restructuring and Holdout Litigation

Deutsche Bundesbank Discussion Paper No. 21/2018
Number of pages: 24 Posted: 20 Aug 2018 Last Revised: 18 Nov 2021
Kartik Anand and Prasanna Gai
Deutsche Bundesbank and University of Auckland Business School
Downloads 25 (655,838)

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sovereign debt restructuring, holdout creditors, bankruptcy procedures, absolute priority

27.

Asset Encumbrance, Bank Funding and Fragility

ESRB: Working Paper Series No. 2017/52
Number of pages: 56 Posted: 05 Nov 2020
European Central Bank, Financial Research Division, Deutsche Bundesbank, University of Auckland Business School and Government of Canada - Bank of Canada
Downloads 12 (759,730)

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asset encumbrance, encumbrance limits, encumbrance surcharges, fragility, rollover risk, runs, secured debt, unsecured debt, wholesale funding

28.

Sovereign Risk in the Classical Gold Standard Era

Economic Record, Vol. 85, No. 4, pp. 401-416, December 2009
Number of pages: 16 Posted: 24 Nov 2009
Prasanna Gai, Gavin Cameron and Kang Yong Tan
University of Auckland Business School, University of Oxford - Department of Economics (Deceased) and Australian National University (ANU) - Research School of Pacific and Asian Studies (RSPAS)
Downloads 3 (847,169)

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29.

Funding Externalities, Asset Prices and Investors' Search for Yield

Bulletin of Economic Research, Vol. 61, Issue 1, pp. 73-82, January 2009
Number of pages: 10 Posted: 17 Jan 2009
Prasanna Gai and Kamakshya Trivedi
University of Auckland Business School and Bank of England - Domestic Finance Division
Downloads 2 (859,413)

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30.

Targeted Disclosure and Monetary Policy Flexibility: A Simple Model

Economics Letters, 194, 109371. DOI: 10.1016/j.econlet.2020.109371. , The University of Auckland Business School Research Paper Series
Posted: 01 Mar 2022
Prasanna Gai, Edmund Lou and Sherry X. Wu
University of Auckland Business School, Motu Economic and Public Policy Research Trust and University of Auckland

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Central bank communication, Targeted disclosure, Market expectations

31.

Networks and Systemic Risk in the Financial System

Oxford Review of Economic Policy, 35(4), 586-613. DOI: 10.1093/oxrep/grz023. , The University of Auckland Business School Research Paper Series
Posted: 01 Mar 2022
Prasanna Gai, Sujit Kapadia and Sujit Kapadia
University of Auckland Business School and Bank of EnglandEuropean Central Bank (ECB)

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financial networks, systemic risk, contagion, financial crises, macroprudential policy, stress testing, systemically important financial institutions (SIFIs)

32.

International Bank Lending to Ldcs - an Information-Based Approach

Bank of England Working Paper No. 43
Posted: 27 Jun 1998
Prasanna Gai
University of Auckland Business School

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Other Papers (1)

Total Downloads: 364
1.

Funding Liquidity Risk in a Quantitative Model of Systemic Stability

EFA 2009 Bergen Meetings Paper
Number of pages: 37 Posted: 16 Feb 2009
Bank of England - Monetary Assessment and Strategy Division, Bank of England, HSBC (London), University of Auckland Business School, Bank of EnglandEuropean Central Bank (ECB), affiliation not provided to SSRN, Lebanese University, Bank of England and Bank of England
Downloads 364

Abstract:

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Systemic Risk, Financial Stability Models, Funding Liquidity Risk