Philippe Bacchetta

University of Lausanne

Professor

Faculty of Business and Economics

Internef 523

1015 Lausanne

Switzerland

http://www.hec.unil.ch/pbacchetta/

Centre for Economic Policy Research (CEPR)

Research Fellow

London

United Kingdom

Swiss Finance Institute

c/o University of Geneva

40, Bd du Pont-d'Arve

CH-1211 Geneva 4

Switzerland

SCHOLARLY PAPERS

50

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Top 14,411

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6,495

SSRN CITATIONS
Rank 663

SSRN RANKINGS

Top 663

in Total Papers Citations

948

CROSSREF CITATIONS

1,249

Scholarly Papers (50)

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

Swiss Finance Institute Research Paper No. 06-16
Number of pages: 55 Posted: 06 Oct 2006
College de France and London School of Economics and Political Science, Fellow, University of Lausanne, University of Southern California and Harvard University - Department of Economics
Downloads 661 (74,894)
Citation 2

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exchange rate regime, financial development, growth

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

NBER Working Paper No. w12117
Number of pages: 48 Posted: 15 May 2006 Last Revised: 26 Dec 2022
College de France and London School of Economics and Political Science, Fellow, University of Lausanne, University of Southern California and Harvard University - Department of Economics
Downloads 104 (483,696)
Citation 3

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Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

CEPR Discussion Paper No. 5629
Number of pages: 50 Posted: 18 Jul 2006
College de France and London School of Economics and Political Science, Fellow, University of Lausanne, University of Southern California and Harvard University - Department of Economics
Downloads 31 (884,633)
Citation 22
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Exchange rate regime, financial development, growth

2.

Currency Crises and Monetary Policy in an Economy with Credit Constraints

Studienzentrum Gerzensee Working Paper No. 00.07
Number of pages: 43 Posted: 20 Sep 2000
Philippe Aghion, Abhijit V. Banerjee and Philippe Bacchetta
College de France and London School of Economics and Political Science, Fellow, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Lausanne
Downloads 671 (74,465)
Citation 79

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currency crisis, foreign currency debt, credit constraint

3.

CBDC as Imperfect Substitute for Bank Deposits: A Macroeconomic Perspective

Swiss Finance Institute Research Paper No. 21-81
Number of pages: 37 Posted: 03 Dec 2021 Last Revised: 13 Jan 2023
Philippe Bacchetta and Elena Perazzi
University of Lausanne and École Polytechnique Fédérale de Lausanne
Downloads 544 (96,923)
Citation 5

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Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?

FAME Research Paper No. 155
Number of pages: 53 Posted: 20 Sep 2005
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 384 (145,001)
Citation 37

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Nominal Exchange Rates, Oder Flow, Higher Order Expectations

Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?

NBER Working Paper No. w9498
Number of pages: 51 Posted: 18 Feb 2003 Last Revised: 16 Dec 2022
Eric van Wincoop and Philippe Bacchetta
University of Virginia - Department of Economics and University of Lausanne
Downloads 64 (652,076)
Citation 1

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Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?

Number of pages: 53 Posted: 29 Apr 2003
Eric van Wincoop and Philippe Bacchetta
University of Virginia - Department of Economics and University of Lausanne
Downloads 24 (951,846)
Citation 37
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Information heterogeneity, exchange rate dynamics, higher order expectations, beauty contest

Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns

Swiss Finance Institute Research Paper No. 17-15
Number of pages: 51 Posted: 20 May 2017
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 66 (641,237)

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gradual portfolio adjustment, international portfolio allocation, predictable excess returns

Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns

NBER Working Paper No. w23363
Number of pages: 49 Posted: 01 May 2017 Last Revised: 04 May 2023
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 32 (875,573)

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Gradual Portfolio Adjustment: Implications for Global Equity Portfolios and Returns

CEPR Discussion Paper No. DP11983
Number of pages: 52 Posted: 25 Apr 2017
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
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Citation 3
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gradual portfolio adjustment, international portfolio allocation, predictable excess returns

6.
Downloads 301 (148,772)
Citation 29

Self-Fulfilling Risk Panics

Swiss Finance Institute Research Paper No. 10-32
Number of pages: 50 Posted: 13 Jul 2010 Last Revised: 16 Jul 2010
Philippe Bacchetta, Cédric Tille and Eric van Wincoop
University of Lausanne, Graduate Institute of International and Development Studies (HEI) and University of Virginia - Department of Economics
Downloads 252 (227,466)

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Financial Panics, Sunspot-Like Equilibria

Self-Fulfilling Risk Panics

NBER Working Paper No. w16159
Number of pages: 47 Posted: 12 Jul 2010 Last Revised: 26 Feb 2023
Philippe Bacchetta, Cédric Tille and Eric van Wincoop
University of Lausanne, Graduate Institute of International and Development Studies (HEI) and University of Virginia - Department of Economics
Downloads 47 (756,675)

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Self-Fulfilling Risk Panics

CEPR Discussion Paper No. DP7920
Number of pages: 49 Posted: 19 Jul 2010
Philippe Bacchetta, Cédric Tille and Eric van Wincoop
University of Lausanne, Graduate Institute of International and Development Studies (HEI) and University of Virginia - Department of Economics
Downloads 2 (1,185,038)
Citation 7
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Financial panic, Sunspot-like equilibria

Predictability in Financial Markets: What Do Survey Expectations Tell Us?

CEPR Discussion Paper No. 5770
Number of pages: 70 Posted: 20 Sep 2006
Philippe Bacchetta, Elmar Mertens and Eric van Wincoop
University of Lausanne, Deutsche Bundesbank and University of Virginia - Department of Economics
Downloads 35 (849,276)
Citation 61
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Excess returns, expectations survey, predictability

Rational Inattention: A Solution to the Forward Discount Puzzle

FAME Research Paper No. 156
Number of pages: 43 Posted: 20 Sep 2005
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 184 (304,731)

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Forward discount puzzle, excess return predictability, rational inattention

Rational Inattention: A Solution to the Forward Discount Puzzle

NBER Working Paper No. w11633
Number of pages: 40 Posted: 22 Nov 2005 Last Revised: 16 Oct 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 67 (635,993)

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Rational Inattention: A Solution to the Forward Discount Puzzle

CEPR Discussion Paper No. 5261
Number of pages: 42 Posted: 03 Nov 2005
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 17 (1,027,813)
Citation 1
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Excess return predictability, forward discount puzzle, rational inattention

A Theory of the Currency Denomination of International Trade

Number of pages: 51 Posted: 17 May 2003
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 185 (303,269)

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Exchange rate pass-through, currency invoicing, new open economy, macroeconomics

A Theory of the Currency Denomination of International Trade

NBER Working Paper No. w9039
Number of pages: 43 Posted: 08 Jul 2002 Last Revised: 14 Sep 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 52 (722,925)
Citation 15

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10.
Downloads 178 (264,036)
Citation 8

The Great Recession: A Self-Fulfilling Global Panic

Swiss Finance Institute Research Paper No. 13-28
Number of pages: 32 Posted: 15 May 2013 Last Revised: 25 Jul 2016
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 148 (368,074)

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Great Recession, International co-movements, Contagion

The Great Recession: A Self-Fulfilling Global Panic

NBER Working Paper No. w19062
Number of pages: 59 Posted: 24 May 2013 Last Revised: 01 Feb 2023
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 28 (912,442)
Citation 3

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The Great Recession: A Self-Fulfilling Global Panic

CEPR Discussion Paper No. DP9487
Number of pages: 61 Posted: 30 May 2013
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 2 (1,185,038)
Citation 2
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Contagion, Great Recession, International co-movements

Corporate Saving in Global Rebalancing

Swiss Finance Institute Research Paper No. 14-35
Number of pages: 27 Posted: 18 Jun 2014
Philippe Bacchetta and Kenza Benhima
University of Lausanne and University of Lausanne
Downloads 184 (304,731)
Citation 1

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Corporate Saving in Global Rebalancing

CEPR Discussion Paper No. DP10012
Number of pages: 28 Posted: 25 Sep 2014
Philippe Bacchetta and Kenza Benhima
University of Lausanne and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
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Capital Flows, Credit Constraints, Financial Crisis, Global Imbalances

12.

Incomplete Information Processing: A Solution to the Forward Discount Puzzle

Federal Reserve Bank of San Francisco Working Paper No. 2006-35
Number of pages: 53 Posted: 06 Aug 2007
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 177 (315,958)
Citation 12

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13.

Regulating Asset Price Risk

Swiss Finance Institute Research Paper No. 11-04
Number of pages: 11 Posted: 17 Feb 2011 Last Revised: 23 Feb 2011
Philippe Bacchetta, Cédric Tille and Eric van Wincoop
University of Lausanne, Graduate Institute of International and Development Studies (HEI) and University of Virginia - Department of Economics
Downloads 175 (319,170)

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Asset Pricing, Risk Management, Leverage

14.

The Sovereign Money Initiative in Switzerland: An Assessment

Swiss Finance Institute Research Paper No. 17-25
Number of pages: 36 Posted: 15 Aug 2017
Philippe Bacchetta
University of Lausanne
Downloads 171 (325,632)
Citation 2

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Puzzling Exchange Rate Dynamics and Delayed Portfolio Adjustment

Swiss Finance Institute Research Paper No. 19-35, July 2019
Number of pages: 49 Posted: 08 Jul 2019
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 154 (356,352)

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Puzzling Exchange Rate Dynamics and Delayed Portfolio Adjustment

NBER Working Paper No. w26259
Number of pages: 47 Posted: 18 Sep 2019 Last Revised: 02 Apr 2023
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 15 (1,050,381)

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Puzzling Exchange Rate Dynamics and Delayed Portfolio Adjustment

CEPR Discussion Paper No. DP13839
Number of pages: 50 Posted: 30 Jul 2019
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 0
Citation 20
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16.
Downloads 158 (348,458)
Citation 20

Corporate Cash and Employment

Swiss Finance Institute Research Paper No. 14-01
Number of pages: 50 Posted: 14 Feb 2014
Philippe Bacchetta, Kenza Benhima and Céline Poilly
University of Lausanne, University of Lausanne and University of Lausanne
Downloads 157 (350,472)
Citation 4

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working capital, liquidity shocks, cash management

Corporate Cash and Employment

CEPR Discussion Paper No. DP10309
Number of pages: 50 Posted: 23 Jan 2015
Philippe Bacchetta, Kenza Benhima and Céline Poilly
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and University of Lausanne
Downloads 1 (1,195,424)
Citation 20
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financial shocks, liquidity, working capital

17.

Foreign Exchange Intervention with UIP and CIP Deviations: The Case of Small Safe Haven Economies

Swiss Finance Institute Research Paper No. 23-71
Number of pages: 44 Posted: 01 Sep 2023
Philippe Bacchetta, Kenza Benhima and Brendan Berthold
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and University of Lausanne - Faculty of Business and Economics (HEC Lausanne)
Downloads 157 (350,349)
Citation 3

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Dollar Shortages, CIP Deviations, and the Safe Haven Role of the Dollar

Swiss Finance Institute Research Paper No. 23-117
Number of pages: 58 Posted: 30 Nov 2023
Philippe Bacchetta, J. Scott Davis and Eric van Wincoop
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 132 (403,479)

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Dollar Shortages, CIP Deviations and the Safe Haven Role of the Dollar

Globalization Institute Working Paper No. 425
Number of pages: 57 Posted: 20 Dec 2023
Philippe Bacchetta, Scott Davis and Eric van Wincoop
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 16 (1,039,013)

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dollar, CIP deviations, Central Bank Swap Lines

Dollar Shortages, Cip Deviations, and the Safe Haven Role of the Dollar

NBER Working Paper No. w31937
Number of pages: 57 Posted: 11 Dec 2023
Philippe Bacchetta, Scott Davis and Eric van Wincoop
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 4 (1,165,899)
Citation 1
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Optimal Exchange Rate Policy in a Growing Semi-Open Economy

Swiss Finance Institute Research Paper No. 14-34
Number of pages: 53 Posted: 09 Oct 2013
Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis
University of Lausanne, University of Lausanne and Banque de France
Downloads 90 (533,239)
Citation 13

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China, exchange rate policy and international

Optimal Exchange Rate Policy in a Growing Semi-Open Economy

CEPR Discussion Paper No. DP9666
Number of pages: 51 Posted: 30 Sep 2013
Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Banque de France
Downloads 0
Citation 2
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China, Exchange rate policy, International reserves

20.

Infrequent Random Portfolio Decisions in an Open Economy Model

Swiss Finance Institute Research Paper No. 22-10
Number of pages: 45 Posted: 21 Jan 2022
Philippe Bacchetta, Eric van Wincoop and Eric R. Young
University of Lausanne, University of Virginia - Department of Economics and University of Virginia
Downloads 135 (397,770)

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portfolio frictions, infrequent portfolio decisions, international portfolio allocation, excess return predictability, financial shocks.

International Portfolio Choice with Frictions: Evidence from Mutual Funds

Swiss Finance Institute Research Paper No. 20-46
Number of pages: 49 Posted: 19 Jun 2020 Last Revised: 03 Nov 2021
Philippe Bacchetta, Simon Tièche and Eric van Wincoop
University of Lausanne, University of Lausanne and University of Virginia - Department of Economics
Downloads 120 (434,364)

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International Portfolio Choice with Frictions: Evidence from Mutual Funds

CEPR Discussion Paper No. DP14898
Number of pages: 50 Posted: 29 Jun 2020 Last Revised: 09 Nov 2021
Philippe Bacchetta, Simon Tièche and Eric van Wincoop
University of Lausanne, University of Lausanne and University of Virginia - Department of Economics
Downloads 2 (1,185,038)
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Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009

Swiss Finance Institute Research Paper No. 15-63
Number of pages: 50 Posted: 07 Jan 2016
Philippe Bacchetta and Ouarda Merrouche
University of Lausanne and University of Lausanne
Downloads 113 (454,627)
Citation 2

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Money market, swaps, credit crunch, corporate debt, foreign banks

Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009

CEPR Discussion Paper No. DP10927
Number of pages: 50 Posted: 12 Nov 2015
Philippe Bacchetta and Ouarda Merrouche
University of Lausanne and European University Institute
Downloads 1 (1,195,424)
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corporate debt, credit crunch, foreign banks, money market

On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

NBER Working Paper No. w15008
Number of pages: 56 Posted: 01 Jun 2009 Last Revised: 06 Jul 2023
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 58 (685,929)

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On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

CEPR Discussion Paper No. DP7309
Number of pages: 58 Posted: 15 Jul 2009
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 5 (1,156,513)
Citation 12
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Exchange rate, Time-varying coefficients

Capital Controls with International Reserve Accumulation: Can This Be Optimal?

Banque de France Working Paper No. 406
Number of pages: 52 Posted: 23 Nov 2012
Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis
University of Lausanne, University of Lausanne and Banque de France
Downloads 98 (504,165)
Citation 23

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capital controls, international reserves

Capital Controls with International Reserve Accumulation: Can this Be Optimal?

CEPR Discussion Paper No. DP8753
Number of pages: 50 Posted: 20 Jan 2012
Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Banque de France
Downloads 9 (1,116,273)
Citation 18
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Capital controls, International reserves

25.

Financial Development and the Instability of Open Economies

NBER Working Paper No. w10246
Number of pages: 48 Posted: 31 Jan 2004 Last Revised: 01 Jan 2023
Philippe Aghion, Abhijit V. Banerjee and Philippe Bacchetta
College de France and London School of Economics and Political Science, Fellow, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Lausanne
Downloads 107 (470,737)
Citation 11

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Can Sticky Portfolios Explain International Capital Flows and Asset Prices?

Swiss Finance Institute Research Paper No. 21-80
Number of pages: 54 Posted: 03 Dec 2021 Last Revised: 15 Dec 2021
Philippe Bacchetta, Margaret Davenport and Eric van Wincoop
University of Lausanne, University of Lausanne and University of Virginia - Department of Economics
Downloads 101 (493,893)
Citation 3

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Can Sticky Portfolios Explain International Capital Flows and Asset Prices?

CEPR Discussion Paper No. DP16772
Number of pages: 55 Posted: 04 Feb 2022
Philippe Bacchetta, Margaret Davenport and Eric van Wincoop
University of Lausanne, University of Lausanne and University of Virginia - Department of Economics
Downloads 0
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Why Do Consumer Prices React Less than Import Prices to Exchange Rates?

NBER Working Paper No. w9352
Number of pages: 28 Posted: 21 Nov 2002 Last Revised: 23 Jul 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 81 (574,403)

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Why Do Consumer Prices React Less than Import Prices to Exchange Rates?

Number of pages: 30 Posted: 05 Feb 2003
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 19 (1,005,432)
Citation 9
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Exchange rate pass-through, currency trading

28.

National Saving and International Investment

NBER Working Paper No. w3164
Number of pages: 37 Posted: 19 Jun 2004 Last Revised: 26 Aug 2022
Martin S. Feldstein and Philippe Bacchetta
National Bureau of Economic Research (NBER) (deceased) and University of Lausanne
Downloads 92 (520,942)

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29.
Downloads 86 (543,360)
Citation 30

A Scapegoat Model of Exchange Rate Fluctuations

NBER Working Paper No. w10245
Number of pages: 19 Posted: 31 Jan 2004 Last Revised: 31 Dec 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 71 (615,990)
Citation 1

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A Scapegoat Model of Exchange Rate Fluctuations

Number of pages: 21 Posted: 29 Mar 2004
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 15 (1,050,381)
Citation 2
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Heterogenous information, model uncertainty

Capital Flows to Emerging Markets: Liberalization, Overshooting, and Volatility

NBER Working Paper No. w6530
Number of pages: 46 Posted: 20 Jul 2000 Last Revised: 06 Nov 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 86 (549,021)

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Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility

CEPR Discussion Paper No. 1889
Posted: 20 Sep 1998
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics

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31.
Downloads 3 (575,940)
Citation 16

Sudden Spikes in Global Risk

CEPR Discussion Paper No. DP8853
Number of pages: 38 Posted: 01 Mar 2012
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 3 (1,175,292)
Citation 5
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contagion, international finance

32.

Does Exchange Rate Stability Increase Trade and Capital Flows?

NBER Working Paper No. w6704
Number of pages: 42 Posted: 12 Nov 1998 Last Revised: 29 Oct 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 77 (580,166)
Citation 18

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Random Walk Expectations and the Forward Discount Puzzle

NBER Working Paper No. w13205
Number of pages: 16 Posted: 03 Jul 2007 Last Revised: 01 Aug 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 51 (729,517)

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Random Walk Expectations and the Forward Discount Puzzle

CEPR Discussion Paper No. DP6122
Number of pages: 17 Posted: 16 May 2008
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 4 (1,165,899)
Citation 4
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Excess return, incomplete information, predictability

34.

How Far Has the Dollar Fallen?

NBER Working Paper No. w2122
Number of pages: 18 Posted: 15 Jan 2007 Last Revised: 26 Oct 2022
Martin S. Feldstein and Philippe Bacchetta
National Bureau of Economic Research (NBER) (deceased) and University of Lausanne
Downloads 54 (695,592)

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Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?

NBER Working Paper No. w21158
Number of pages: 45 Posted: 11 May 2015 Last Revised: 24 Apr 2023
Philippe Bacchetta, Elena Perazzi and Eric van Wincoop
University of Lausanne, École Polytechnique Fédérale de Lausanne and University of Virginia - Department of Economics
Downloads 41 (801,029)

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Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?

CEPR Discussion Paper No. DP10609
Number of pages: 46 Posted: 27 May 2015
Philippe Bacchetta, Elena Perazzi and Eric van Wincoop
University of Lausanne, École Polytechnique Fédérale de Lausanne and University of Virginia - Department of Economics
Downloads 0
Citation 9
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long-term debt, Monetary policy, Sovereign debt crises

36.
Downloads 38 (803,129)
Citation 7

Money and Capital in a Persistent Liquidity Trap

Banque de France Working Paper No. 703
Number of pages: 34 Posted: 19 Dec 2018
Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Banque de France
Downloads 38 (824,614)
Citation 5

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Zero lower bound, liquidity trap, asset scarcity, de leveraging

Money and Capital in a Persistent Liquidity Trap

CEPR Discussion Paper No. DP11369
Number of pages: 44 Posted: 07 Jul 2016
Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne) and Banque de France
Downloads 0
Citation 1
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Asset scarcity, Deleveraging, liquidity trap, zero lower bound

37.

A Corporate Balance Sheet Approach to Currency Crises

Number of pages: 43 Posted: 20 Dec 2001
Philippe Aghion, Abhijit V. Banerjee and Philippe Bacchetta
College de France and London School of Economics and Political Science, Fellow, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Lausanne
Downloads 37 (810,795)
Citation 8
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Financial crisis, foreign currency debt, monetary policy

38.

A Theory of Currency Denomination of International Trade

Number of pages: 45 Posted: 22 Jan 2002
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 18 (983,961)
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Currency invoicing, new open economy macroeconomics

39.

The International Transmission of Asset Market Shocks in Liquidity Traps

Number of pages: 31 Posted: 25 Mar 2024
University of Lausanne, University of Lausanne - School of Economics and Business Administration (HEC-Lausanne), Banque de France and Swiss National Bank
Downloads 14 (1,036,463)

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International spillovers, Zero lower bound, Liquidity trap, Asset scarcity

40.

Higher Order Expectations in Asset Pricing

CEPR Discussion Paper No. DP6648
Number of pages: 40 Posted: 05 Jun 2008
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 5 (1,112,999)
Citation 6
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Asset pricing, Beauty contest, Higher order beliefs

41.

The Demand for Liquid Assets, Corporate Saving, and Global Imbalances

CEPR Discussion Paper No. DP9268
Number of pages: 47 Posted: 01 Feb 2013
Philippe Bacchetta and Kenza Benhima
University of Lausanne and University of Lausanne - School of Economics and Business Administration (HEC-Lausanne)
Downloads 4 (1,121,472)
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Capital fl ows, Credit constraints, Global imbalances

42.

Can Parameter Instability Explain the Meese-Rogoff Puzzle?

CEPR Discussion Paper No. DP7383
Number of pages: 56 Posted: 26 Aug 2009
Philippe Bacchetta, Toni Beutler and Eric van Wincoop
University of Lausanne, Study Center Gerzensee and University of Virginia - Department of Economics
Downloads 2 (1,138,187)
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Exchange rate forecasting, exchange rate models

The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls

CEPR Discussion Paper No. DP14928
Number of pages: 67 Posted: 29 Jun 2020
Philippe Bacchetta, Rachel Cordonier and Ouarda Merrouche
University of Lausanne, Swiss National Bank and University of Lausanne
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capital controls, corporate bonds, currency risk, emerging markets, foreign currency

The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls

Swiss Finance Institute Research Paper No. 20-51
Posted: 27 Jun 2020 Last Revised: 02 Oct 2020
Philippe Bacchetta, Rachel Cordonier and Ouarda Merrouche
University of Lausanne, Swiss National Bank and University of Lausanne

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foreign currency, corporate bonds, emerging markets, capital controls, currency risk

44.

On the Weakness of the Swedish Krona

CEPR Discussion Paper No. DP15468
Number of pages: 36 Posted: 02 Dec 2020
Philippe Bacchetta and Pauline Chikhani
University of Lausanne and University of Lausanne
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45.

The Sovereign Money Initiative in Switzerland: An Economic Assessment

CEPR Discussion Paper No. DP12349
Number of pages: 38 Posted: 09 Oct 2017
Philippe Bacchetta
University of Lausanne
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46.

Productivity Growth and the Exchange Rate Regime: The Role of Financial Development

UPF Economics and Business Working Paper No. 850
Posted: 30 Nov 2005
College de France and London School of Economics and Political Science, Fellow, University of Lausanne, University of Southern California and Harvard University - Department of Economics

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Productivity growth; exchange rate

47.

Exchange-of-Information Clauses in International Tax Treaties

Posted: 06 Jun 2001
Philippe Bacchetta and Maria Paz Espinosa
University of Lausanne and BRiDGE

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International tax treaties, tax competition, exchange of information

48.

Capital Markets and the Instability of Open Economies

CEPR Working Paper No. 2083
Posted: 24 Mar 1999
Philippe Aghion, Abhijit V. Banerjee and Philippe Bacchetta
College de France and London School of Economics and Political Science, Fellow, Massachusetts Institute of Technology (MIT) - Department of Economics and University of Lausanne

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49.

Trade in Nominal Assets and Net International Capital Flows

CEPR Discussion Paper Series No. 1569
Posted: 27 Mar 1997
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics

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50.

Do Capital Market Imperfections Exacerbate Output Fluctuations?

CEPR Discussion Paper Series 1422
Posted: 27 Jan 1997
Philippe Bacchetta and Ramon Caminal
University of Lausanne and Universitat Autonoma de Barcelona - Institut d'Analisi Economica, CSIC

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