Author Page for Michael M. Hutchison

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 849 (50,033)

Citation 37

Abstract:

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 580 (82,055)

Citation 1

Abstract:

3.

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 379 (136,474)

Citation 19

Abstract:

4.

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

Downloads 333 (157,061)

Citation 9

2

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 272 (193,069)

Citation 6

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: 13 Mar 2022

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 61 (612,680)

Citation 1

Abstract:

5.

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 327 (160,203)

Citation 3

Abstract:

6.

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 292 (180,467)

Citation 21

Abstract:

7.

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 288 (183,120)

Citation 4

Abstract:

8.

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 283 (186,351)

Citation 21

Abstract:

9.

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 - Te Herenga Waka - School of Economics and Finance

Downloads 267 (197,733)

Citation 48

Abstract:

10.

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 - Te Herenga Waka - School of Economics and Finance

Downloads 260 (202,962)

Citation 28

Abstract:

11.

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 260 (202,962)

Citation 8

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 University of California, Santa Cruz - Department of Economics

Downloads 253 (208,517)

Abstract:

13.

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)

Downloads 235 (224,167)

Citation 3

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 233 (226,045)

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 227 (231,795)

Citation 27

Abstract:

16.

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 218 (240,761)

Citation 8

Abstract:

17.

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 215 (243,894)

Citation 1

Abstract:

18.

The Global Pandemic, Policy Space and Fiscal Rules to Achieve Stronger Stabilization Policies

Seoul Journal of Economics, Vol. 33, No. 3, 2020

Number of pages: 26 Posted: 03 Sep 2020

Michael M. Hutchison

University of California, Santa Cruz - Department of Economics

Downloads 200 (260,636)

Abstract:

19.

Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

Downloads 191 (271,646)

Citation 44

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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 131 (372,763)

Citation 1

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: 13 Nov 2022

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 60 (617,859)

Citation 11

Abstract:

20.

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 187 (276,786)

Citation 11

Abstract:

21.

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, International Monetary Fund and University of California, Santa Cruz

Downloads 124 (387,499)

Citation 9

Abstract:

22.

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 117 (404,398)

Citation 2

Abstract:

23.

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: 29 Oct 2022

Michael M. Hutchison and Kathleen McDill

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

Downloads 111 (420,257)

Citation 4

Abstract:

24.

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

Downloads 104 (440,365)

Citation 23

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 72 (560,034)

Citation 2

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 Last Revised: 04 Feb 2023

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 32 (804,335)

Citation 8

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 98 (458,698)

Citation 7

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

Georgetown University, 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 93 (474,627)

Citation 3

Abstract:

27.

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 Jul 2023

Joshua Aizenman, Michael M. Hutchison and Yothin Jinjarak

University of Southern California - Department of Economics, University of California, Santa Cruz - Department of Economics and Victoria University of Wellington - Te Herenga Waka - School of Economics & Finance

Downloads 85 (501,988)

Citation 26

Abstract:

28.

Inflation Targeting and Real Exchange Rates in Emerging Markets

NBER Working Paper No. w14561

Number of pages: 47 Posted: 15 Jan 2009 Last Revised: 16 Oct 2022

Joshua Aizenman, Michael M. Hutchison and Ilan Noy

University of Southern California - Department of Economics, University of California, Santa Cruz - Department of Economics and Victoria University of Wellington - Te Herenga Waka - School of Economics and Finance

Downloads 81 (516,662)

Citation 6

Abstract:

29.

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: 26 Apr 2023

Michael P. Dooley and Michael M. Hutchison

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

Downloads 65 (583,661)

Citation 12

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 61 (602,550)

Citation 1

Abstract:

31.

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 58 (617,796)

Citation 2

Abstract:

32.

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 Last Revised: 05 Apr 2023

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 30 (797,903)

Citation 3

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: 07 Jun 2023

Joshua Aizenman and Michael M. Hutchison

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

Downloads 29 (805,876)

Citation 6

Abstract:

34.

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:

35.

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:

36.

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:

37.

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:

38.

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

Downloads 0 (1,061,289)

2

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:

39.

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:

40.

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 (40)

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