Author Page for Michael M. Hutchison

Banking and Currency Crises: How Common are the Twins?

HKIMR Working Paper No. 01/2000

Number of pages: 31 Posted: 28 Aug 2007

Reuven Glick and Michael M. Hutchison

Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Santa Cruz - Department of Economics

Downloads 798 (31,539)

Abstract:

2.

Banking and Currency Crises: How Common are Twins?

UCSC Dept. of Economics Working Paper No. 488

Number of pages: 43 Posted: 28 Oct 2001

Michael M. Hutchison and Reuven Glick

University of California, Santa Cruz - Department of Economics and Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies

Downloads 682 (39,073)

Citation 21

Abstract:

3.

European Banking Distress and Emu: Institutional and Macroeconomic Risks

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Citation 1

2

European Banking Distress and Emu: Institutional and Macroeconomic Risks

UC Santa Cruz Economics Working Paper No. 452

Number of pages: 28 Posted: 14 Dec 1999

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 547 (51,514)

Citation 1

Abstract:

European Banking Distress and Emu: Institutional and Macroeconomic Risks

Scandinavian Journal of Economics, Vol. 104, pp. 365-389, 2002

Number of pages: 25 Posted: 04 Jan 2003

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

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Abstract:

4.

Determinants, Costs, and Duration of Banking Sector Distress: The Japanese Experience in International Comparison

UCSC Department of Economics Working Paper No. 421

Number of pages: 29 Posted: 12 Dec 1998

Michael M. Hutchison and Kathleen McDill

University of California, Santa Cruz - Department of Economics and Federal Deposit Insurance Corporation (FDIC)

Downloads 310 (102,312)

Citation 2

Abstract:

5.

Is Sterilized Foreign Exchange Intervention Effective after All? An Event Study Approach

The Economic Journal, 113 (April), 390-411, University of Alberta School of Business Research Paper No. 2013-357, UC Santa Cruz Center for International Economics Working Paper No. 02-2

Number of pages: 37 Posted: 26 Mar 2002 Last Revised: 07 Jun 2013

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 309 (102,652)

Citation 14

Abstract:

6.

A Cure Worse than the Disease? Currency Crises and the Output Costs of IMF Supported Stabilization Programs

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Citation 7

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A Cure Worse than the Disease? Currency Crises and the Output Costs of IMF Supported Stabilization Programs

UCSC Dept. of Economics Working Paper No. 485

Number of pages: 53 Posted: 28 Oct 2001

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 256 (124,846)

Citation 7

Abstract:

A Cure Worse than the Disease? Currency Crises and the Output Costs of Imf-Supported Stabilization Programs

NBER Working Paper No. w8305

Number of pages: 53 Posted: 17 May 2001 Last Revised: 09 Apr 2014

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 51 (409,637)

Abstract:

7.

ECB Foreign Exchange Intervention and the Euro: Institutional Framework, News and Intervention

UCSC International Economics Working Paper No. 02-3

Number of pages: 23 Posted: 26 Mar 2002

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 275 (116,346)

Citation 21

Abstract:

8.

Navigating the Trilemma: Capital Flows and Monetary Policy in China

HKIMR Working Paper No. 25/2008

Number of pages: 36 Posted: 04 Jan 2009

Reuven Glick and Michael M. Hutchison

Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies and University of California, Santa Cruz - Department of Economics

Downloads 264 (121,380)

Citation 4

Abstract:

9.

Capital Controls and Exchange Rate Instability in Developing Economies

UCSC Dept. of Economics Working Paper No. 489

Number of pages: 37 Posted: 08 Nov 2001

Michael M. Hutchison and Reuven Glick

University of California, Santa Cruz - Department of Economics and Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies

Downloads 262 (122,345)

Citation 18

Abstract:

10.

How Bad are Twins? Output Costs of Currency and Banking Crises

UCSC International Economics Working Paper No. 02-1

Number of pages: 36 Posted: 26 Mar 2002

Michael M. Hutchison and Ilan Noy

University of California, Santa Cruz - Department of Economics and Victoria University of Wellington

Downloads 250 (128,524)

Citation 43

Abstract:

11.

Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets

UCSC Center for International Economics Working Paper No. 02-6

Number of pages: 41 Posted: 25 Jun 2002

Michael M. Hutchison and Ilan Noy

University of California, Santa Cruz - Department of Economics and Victoria University of Wellington

Downloads 243 (132,231)

Citation 19

Abstract:

12.

Should Nordic Countries Join Emu?: An Empirical Analysis

UCSC Dept. of Economics Working Paper No. 389

Number of pages: 31 Posted: 06 Apr 1998

U. Michael Bergman, Michael M. Hutchison and Yin-Wong Cheung

University of Copenhagen - Department of Economics, University of California, Santa Cruz - Department of Economics and City University of Hong Kong - Department of Economics & Finance

Downloads 239 (134,429)

Abstract:

13.

Is Foreign Exchange Market Intervention an Alternative to Monetary Policy? Evidence from Japan

UCSC International Economics Working Paper No. 02-05

Number of pages: 30 Posted: 21 Apr 2002

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 217 (147,550)

Citation 6

Abstract:

14.

Northern Light: Does Optimal Currency Area Criteria Explain Nordic Reluctance to Join Emu?

UCSC Dept. of Economics Working Paper No. 487

Number of pages: 24 Posted: 30 Nov 2001

Michael M. Hutchison and U. Michael Bergman

University of California, Santa Cruz - Department of Economics and University of Copenhagen - Department of Economics

Downloads 210 (152,151)

Abstract:

15.

Currency Crises, Capital Account Liberalization, and Selection Bias

UC Santa Cruz International Economics Working Paper No. 04-14

Number of pages: 31 Posted: 02 Jul 2004

Reuven Glick, Xueyan Guo and Michael M. Hutchison

Federal Reserve Bank of San Francisco - Center for Pacific Basin Monetary & Economic Studies, University of California, Santa Cruz and University of California, Santa Cruz - Department of Economics

Downloads 202 (157,808)

Citation 16

Abstract:

16.

Impact of Macroeconomic Surprises on Carry Trade Activity

Number of pages: 35 Posted: 07 Oct 2010 Last Revised: 21 Dec 2011

Michael M. Hutchison and Vladyslav Sushko

University of California, Santa Cruz - Department of Economics and Bank for International Settlements (BIS) - Monetary and Economic Department

Downloads 199 (160,113)

Citation 3

Abstract:

17.

Foreign Exchange Intervention and Monetary Policy in Japan, 2003-04

International Economics and Economic Policy, Vol. 2, No. 2-3, pp. 241-260, November 2005, University of Alberta School of Business Research Paper No. 2013-356

Number of pages: 39 Posted: 05 Jan 2005 Last Revised: 07 Jun 2013

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 190 (166,988)

Citation 7

Abstract:

18.

Output Costs of Currency and Balance of Payments Crises in Emerging Markets

UCSC Dept. of Econ. Working Paper No. 486

Number of pages: 28 Posted: 28 Oct 2001

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 160 (194,211)

Citation 11

Abstract:

19.

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

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Citation 35

2

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

Journal of International Money and Finance, Vol. 25, No. 2, 2006, UC Santa Cruz International Economics Working Paper No. 03-22, University of Alberta School of Business Research Paper No. 2013-355

Number of pages: 35 Posted: 04 Jul 2004 Last Revised: 07 Jun 2013

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 113 (256,331)

Citation 2

Abstract:

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

NBER Working Paper No. w9648

Number of pages: 33 Posted: 04 May 2003 Last Revised: 29 Jan 2013

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 46 (428,627)

Citation 2

Abstract:

20.

Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects

HKIMR Working Paper No. 02/2008, SCCIE Working Paper No. 06-04

Number of pages: 31 Posted: 07 Jun 2006

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Downloads 109 (261,597)

Citation 2

Abstract:

21.

Manufacturing Sector Resiliency to Energy Booms: Empirical Evidence from Norway, the Netherlands and the United Kingdom

BIS Working Paper No. 13

Number of pages: 68 Posted: 13 Dec 2005

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 95 (287,177)

Citation 3

Abstract:

22.

Are All Banking Crises Alike? the Japanese Experience in International Comparison

NBER Working Paper No. w7253

Number of pages: 37 Posted: 11 Feb 2000 Last Revised: 05 May 2000

Michael M. Hutchison and Kathleen McDill

University of California, Santa Cruz - Department of Economics and Federal Deposit Insurance Corporation (FDIC)

Downloads 93 (291,156)

Abstract:

23.

Indian Capital Control Liberalization: Evidence from NDF Markets

Number of pages: 20 Posted: 13 Feb 2014

Michael M. Hutchison, Jake Kendall, Gurnain Kaur Pasricha and Nirvikar Singh

University of California, Santa Cruz - Department of Economics, University of Washington, CSE, Government of Canada - Bank of Canada and University of California, Santa Cruz

Downloads 86 (305,836)

Citation 9

Abstract:

24.

Are Credit Rating Agencies Discredited? Measuring Market Price Effects from Agency Sovereign Debt Announcements

BIS Working Paper No. 704

Number of pages: 51 Posted: 19 Feb 2018

Mahir Binici, Michael M. Hutchison and Evan Weicheng Miao

University of California, Santa Cruz, University of California, Santa Cruz - Department of Economics and Central Bank of the Republic of China (Taiwan) - Department of Economic Research

Downloads 85 (308,052)

Abstract:

25.

Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows

IMF Working Paper No. 09/208

Number of pages: 33 Posted: 13 Oct 2009

Martin Schindler, Mahir Binici and Michael M. Hutchison

International Monetary Fund (IMF), University of California, Santa Cruz and University of California, Santa Cruz - Department of Economics

Downloads 83 (312,593)

Citation 5

Abstract:

26.

ADB Forum on the Use of Capital Controls

Asian Development Review, Vol. 29, No. 1, pp. 82-88, 2012

Number of pages: 47 Posted: 12 Jul 2012

Jonathan David Ostry, Maria Socorro Gochoco‐Bautista, Changyong Rhee, Michael M. Hutchison, Chalongphob Sussangkarn, Eli M. Remolona and Masahiro Kawai

International Monetary Fund (IMF), University of the Philippines, School of Economics, Asian Development Bank, University of California, Santa Cruz - Department of Economics, Thailand Development Research Institute, Bank for International Settlements (BIS) - Monetary and Economic Department and Asian Development Bank Institute

Downloads 57 (382,857)

Citation 2

Abstract:

27.

Inflation Targeting and Real Exchange Rates in Emerging Markets

NBER Working Paper No. w14561

Number of pages: 47 Posted: 15 Jan 2009 Last Revised: 23 Jul 2010

Joshua Aizenman, Michael M. Hutchison and Ilan Noy

National Bureau of Economic Research (NBER), University of California, Santa Cruz - Department of Economics and Victoria University of Wellington

Downloads 56 (386,043)

Citation 5

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28.

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

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Citation 10

2

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

Number of pages: 27 Posted: 07 Jun 2014

Joshua Aizenman, Mahir Binici and Michael M. Hutchison

University of Southern California - Department of Economics, University of California, Santa Cruz and University of California, Santa Cruz - Department of Economics

Downloads 33 (486,276)

Citation 1

Abstract:

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

NBER Working Paper No. w19980

Number of pages: 38 Posted: 19 Mar 2014

Joshua Aizenman, Mahir Binici and Michael M. Hutchison

University of Southern California - Department of Economics, Central Bank of Turkey and University of California, Santa Cruz - Department of Economics

Downloads 18 (578,618)

Citation 5

Abstract:

29.

What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk

NBER Working Paper No. w17407

Number of pages: 44 Posted: 21 Sep 2011 Last Revised: 26 Sep 2011

Joshua Aizenman, Michael M. Hutchison and Yothin Jinjarak

National Bureau of Economic Research (NBER), University of California, Santa Cruz - Department of Economics and University of London - SOAS - Department of Financial and Management Studies

Downloads 48 (413,329)

Citation 3

Abstract:

30.

Do Both U.S. and Foreign Macro Surprises Matter for the Intraday Exchange Rate? Evidence from Japan

Number of pages: 31 Posted: 13 Mar 2009 Last Revised: 25 Jan 2013

Rasmus Fatum, Michael M. Hutchison and Thomas Wu

University of Alberta - Department of Marketing, Business Economics & Law, University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz - Department of Economics

Downloads 47 (416,927)

Citation 1

Abstract:

31.

Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis

NBER Working Paper No. w15120

Number of pages: 34 Posted: 30 Jun 2009 Last Revised: 19 Mar 2010

Michael P. Dooley and Michael M. Hutchison

University of California at Santa Cruz and University of California, Santa Cruz - Department of Economics

Downloads 46 (420,758)

Abstract:

32.

Dove or Hawk? Characterizing Monetary Policy Regime Switches in India

Number of pages: 30 Posted: 20 Feb 2013

Michael M. Hutchison, Rajeswari Sengupta and Nirvikar Singh

University of California, Santa Cruz - Department of Economics, Institute for Financial Management and Research and University of California, Santa Cruz

Downloads 22 (533,901)

Citation 1

Abstract:

33.

Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis

NBER Working Paper No. w16260

Number of pages: 22 Posted: 08 Sep 2010 Last Revised: 15 Sep 2010

Joshua Aizenman and Michael M. Hutchison

National Bureau of Economic Research (NBER) and University of California, Santa Cruz - Department of Economics

Downloads 16 (570,805)

Citation 2

Abstract:

34.

Credit Ratings and the Pricing of Sovereign Debt During the Euro Crisis

NBER Working Paper No. w19125

Number of pages: 38 Posted: 18 Jun 2013

Joshua Aizenman, Mahir Binici and Michael M. Hutchison

University of Southern California - Department of Economics, Central Bank of Turkey and University of California, Santa Cruz - Department of Economics

Downloads 15 (577,105)

Abstract:

35.

India’s Trilemma: Financial Liberalisation, Exchange Rates and Monetary Policy

The World Economy, Vol. 35, Issue 1, pp. 3-18, 2012

Number of pages: 16 Posted: 19 Jan 2012

Michael M. Hutchison, Rajeswari Sengupta and Nirvikar Singh

University of California, Santa Cruz - Department of Economics, Indira Gandhi Institute of Development Research (IGIDR) and University of California, Santa Cruz

Downloads 4 (651,447)

Citation 1

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Abstract:

36.

Disinflation in New Zealand

UCSC Dept. of Economics Working Paper No. 404

Posted: 03 Sep 1998

Michael M. Hutchison and Carl E. Walsh

University of California, Santa Cruz - Department of Economics and University of California at Santa Cruz

Abstract:

37.

Property Prices, Macroeconomic Policy and Finance in the United States

1994:11

Posted: 26 May 1998

Michael M. Hutchison and Clas Wihlborg

University of California, Santa Cruz - Department of Economics and Chapman University

Abstract:

38.

The Costs and Benefits of Joining Emu: Should the Outsiders Stay on the Periphery?

UCSC Dept. of Economics Working Paper No. 392

Posted: 11 May 1998

U. Michael Bergman and Michael M. Hutchison

University of Copenhagen - Department of Economics and University of California, Santa Cruz - Department of Economics

Abstract:

39.

Economic Expansions and Fiscal Contractions: International Evidence and the 1982 Danish Stabilization

UCSC Dept. of Economics WP 386

Posted: 23 Apr 1998

U. Michael Bergman and Michael M. Hutchison

University of Copenhagen - Department of Economics and University of California, Santa Cruz - Department of Economics

Abstract:

40.

Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market

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Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market

Journal of Money, Credit, and Banking, Vol. 31, No. 1, February 1999

Posted: 03 Sep 1998

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Abstract:

Is Intervention a Signal of Future Monetary Policy?: Evidence from the Federal Funds Futures Market

UCSC Economics Dept. #364

Posted: 27 Feb 1997

Rasmus Fatum and Michael M. Hutchison

University of Alberta - Department of Marketing, Business Economics & Law and University of California, Santa Cruz - Department of Economics

Abstract:

41.

Central Bank Institutional Design and the Output Cost of Disinflation: Did the 1989 New Zealand Reserve Bank Act Affect the Inflation-Output Tradeoff?

UCSC Economics Dept. No. 366

Posted: 24 Feb 1997

Michael M. Hutchison and Carl E. Walsh

University of California, Santa Cruz - Department of Economics and University of California at Santa Cruz

Abstract:

42.

The 'German View,' Fiscal Consolidation and Consumption Booms: Empirical Evidence from Denmark

UCSC Economics Dept No. 367

Posted: 20 Jan 1997

U. Michael Bergman and Michael M. Hutchison

University of Copenhagen - Department of Economics and University of California, Santa Cruz - Department of Economics

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

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Scholarly Papers (42)

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European Banking Distress and Emu: Institutional and Macroeconomic Risks

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India’s Trilemma: Financial Liberalisation, Exchange Rates and Monetary Policy

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