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

47

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528

CROSSREF CITATIONS

1,346

Scholarly Papers (47)

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 624 (60,023)
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: 12 Aug 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 55 (511,340)
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 (639,698)
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 631 (59,874)
Citation 65

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currency crisis, foreign currency debt, credit constraint

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 357 (117,684)
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 Jun 2022
Eric van Wincoop and Philippe Bacchetta
University of Virginia - Department of Economics and University of Lausanne
Downloads 51 (529,395)
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 (691,437)
Citation 16
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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 44 (563,596)

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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 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 9 (830,502)

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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

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 (614,075)
Citation 21
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Excess returns, expectations survey, predictability

6.
Downloads 283 (151,488)
Citation 26

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 216 (196,824)

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Financial Panics, Sunspot-Like Equilibria

Self-Fulfilling Risk Panics

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 28/2010
Number of pages: 44 Posted: 28 Dec 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 34 (620,218)

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Self-Fulfilling Risk Panics

NBER Working Paper No. w16159
Number of pages: 47 Posted: 12 Jul 2010 Last Revised: 26 Feb 2022
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 31 (639,698)

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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 (914,864)
Citation 5
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Financial panic, Sunspot-like equilibria

7.

CBDC as Imperfect Substitute for Bank Deposits: A Macroeconomic Perspective

Swiss Finance Institute Research Paper No. 21-81
Number of pages: 38 Posted: 03 Dec 2021
Philippe Bacchetta and Elena Perazzi
University of Lausanne and Ecole Polytechnique Fédérale de Lausanne
Downloads 260 (165,655)

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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 160 (256,891)

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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 Apr 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 34 (620,218)

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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 (751,347)
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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 167 (247,548)

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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 Mar 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 34 (620,218)
Citation 15

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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 161 (255,544)
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

11.
Downloads 139 (256,380)
Citation 6

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 124 (314,130)

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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: 03 Aug 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 13 (789,510)

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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 (914,864)
Citation 2
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Contagion, Great Recession, International co-movements

12.

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 153 (265,814)

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Asset Pricing, Risk Management, Leverage

13.

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 153 (265,814)
Citation 12

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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 136 (291,761)
Citation 2

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15.
Downloads 133 (296,669)
Citation 13

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 132 (299,604)
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 (931,525)
Citation 12
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financial shocks, liquidity, working capital

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 114 (333,734)

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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 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 5 (874,764)

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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 3
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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 94 (380,156)
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
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corporate debt, credit crunch, foreign banks, money market

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 66 (467,198)
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

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 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 44 (563,596)

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On the Unstable Relationship between Exchange Rates and Macroeconomic Fundamentals

Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 27/2009
Number of pages: 51 Posted: 03 Sep 2009
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 39 (590,586)
Citation 1

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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 (874,764)
Citation 5
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Exchange rate, Time-varying coefficients

20.

Financial Development and the Instability of Open Economies

NBER Working Paper No. w10246
Number of pages: 48 Posted: 31 Jan 2004 Last Revised: 03 Jul 2022
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 81 (412,487)
Citation 7

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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 75 (435,916)

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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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22.

National Saving and International Investment

NBER Working Paper No. w3164
Number of pages: 37 Posted: 19 Jun 2004 Last Revised: 24 Feb 2022
Martin S. Feldstein and Philippe Bacchetta
National Bureau of Economic Research (NBER) (deceased) and University of Lausanne
Downloads 75 (430,939)

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23.

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 72 (440,578)

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

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 62 (482,534)
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 (830,502)
Citation 11
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Capital controls, International reserves

25.
Downloads 65 (464,636)
Citation 26

A Scapegoat Model of Exchange Rate Fluctuations

NBER Working Paper No. w10245
Number of pages: 19 Posted: 31 Jan 2004 Last Revised: 01 Jul 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 50 (534,039)
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 (769,893)
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: 07 May 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 62 (482,534)

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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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27.
Downloads 3 (495,069)
Citation 13

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 (900,127)
Citation 1
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contagion, international finance

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 38 (596,198)

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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 (733,493)
Citation 9
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Exchange rate pass-through, currency trading

29.

Does Exchange Rate Stability Increase Trade and Capital Flows?

NBER Working Paper No. w6704
Number of pages: 42 Posted: 12 Nov 1998 Last Revised: 28 Apr 2022
Philippe Bacchetta and Eric van Wincoop
University of Lausanne and University of Virginia - Department of Economics
Downloads 56 (499,115)

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30.

How Far Has the Dollar Fallen?

NBER Working Paper No. w2122
Number of pages: 18 Posted: 15 Jan 2007 Last Revised: 21 Apr 2022
Martin S. Feldstein and Philippe Bacchetta
National Bureau of Economic Research (NBER) (deceased) and University of Lausanne
Downloads 41 (567,608)

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31.

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 (588,624)
Citation 8
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Financial crisis, foreign currency debt, monetary policy

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 33 (626,660)

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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 (914,864)
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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 30 (646,573)

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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 (887,028)
Citation 4
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Excess return, incomplete information, predictability

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

NBER Working Paper No. w21158
Number of pages: 45 Posted: 11 May 2015 Last Revised: 25 Apr 2021
Philippe Bacchetta, Elena Perazzi and Eric van Wincoop
University of Lausanne, Ecole Polytechnique Fédérale de Lausanne and University of Virginia - Department of Economics
Downloads 22 (707,999)

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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, Ecole Polytechnique Fédérale de Lausanne and University of Virginia - Department of Economics
Downloads 0
Citation 4
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long-term debt, Monetary policy, Sovereign debt crises

35.
Downloads 19 (710,099)
Citation 5

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 19 (733,493)
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

36.

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 (718,183)
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Currency invoicing, new open economy macroeconomics

37.

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 (841,084)
Citation 1
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Asset pricing, Beauty contest, Higher order beliefs

38.

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 (852,299)
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Capital fl ows, Credit constraints, Global imbalances

39.

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 (877,089)
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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
Downloads 1 (931,525)
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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

41.

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
Downloads 0 (908,313)
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42.

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
Downloads 0 (908,313)
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43.

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

44.

Exchange-of-Information Clauses in International Tax Treaties

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

Abstract:

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International tax treaties, tax competition, exchange of information

45.

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

Abstract:

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46.

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

Abstract:

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47.

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

Abstract:

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