Paolo A. Pesenti

Federal Reserve Bank of New York

33 Liberty Street

New York, NY 10045

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

29

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4,929

TOTAL CITATIONS
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Top 1,306

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215

Scholarly Papers (29)

1.

The Economics of Currency Crises and Contagion: An Introduction

Economic Policy Review, Vol. 6, No. 3, September 2000
Number of pages: 14 Posted: 16 Dec 2005
Paolo A. Pesenti and Cédric Tille
Federal Reserve Bank of New York and Graduate Institute of International and Development Studies (HEI)
Downloads 925 (53,179)
Citation 1

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currency crises, Asia, international capital markets

2.

What Caused the Asian Currency and Financial Crisis? Part I: a Macroeconomic Overview

NBER Working Paper No. w6833
Number of pages: 51 Posted: 05 May 1999 Last Revised: 04 Sep 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 544 (105,794)
Citation 25

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3.

Welfare-Based Monetary Policy Rules in an Estimated DSGE Model of the Us Economy

ECB Working Paper No. 613
Number of pages: 68 Posted: 22 May 2006
Banque de France - Economic Study and Research Division, International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 463 (128,545)
Citation 20

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Competition, markups, monetary policy, Taylor rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 50 Posted: 30 May 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 129 (453,596)
Citation 7

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Competition, markups, monetary policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 64 Posted: 25 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 129 (453,596)
Citation 1

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Competition, Markups, Monetary Policy, Taylor Rule

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment

Number of pages: 52 Posted: 12 Aug 2004
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 17 (1,137,958)
Citation 2
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Competition, mark-ups, monetary policy, Taylor rule

5.

What Caused the Asian Currency and Financial Crisis? Part Ii: the Policy Debate

NBER Working Paper No. w6834
Number of pages: 41 Posted: 10 Jun 2000 Last Revised: 06 Mar 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 240 (261,938)

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6.
Downloads 237 (265,062)
Citation 11

Competitive Devaluations: A Welfare-Based Approach

FRB of New York Staff Report No. 58
Number of pages: 36 Posted: 26 Aug 1999
European University Institute, Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 185 (333,708)
Citation 11

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competitive devaluations, exchange rate shocks, contagion, global trade links, law of one price

Competitive Devaluations: a Welfare-Based Approach

NBER Working Paper No. w6889
Number of pages: 36 Posted: 05 May 1999 Last Revised: 30 Oct 2022
European University Institute, Federal Reserve Bank of New York, New York University - Leonard N. Stern School of Business - Department of Economics and Graduate Institute of International and Development Studies (HEI)
Downloads 52 (793,123)

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Commodity Prices, Commodity Currencies, and Global Economic Developments

FRB of New York Staff Report No. 387
Number of pages: 33 Posted: 03 Sep 2009
Jan J. Groen and Paolo A. Pesenti
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 140 (424,511)
Citation 5

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Commodity prices, forecasting, exchange rates, factor models, PLS regression

Commodity Prices, Commodity Currencies, and Global Economic Developments

NBER Working Paper No. w15743
Number of pages: 33 Posted: 22 Feb 2010 Last Revised: 09 Jul 2023
Jan J. Groen and Paolo A. Pesenti
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 62 (728,726)

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Commodity Prices, Commodity Currencies, and Global Economic Developments

CEPR Discussion Paper No. DP7689
Number of pages: 35 Posted: 01 Mar 2010
Jan J. Groen and Paolo A. Pesenti
Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 4 (1,304,111)
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Commodity prices, Exchange rates, Factor models, Forecasting, PLS regression

8.
Downloads 192 (323,303)
Citation 1

Self-Validating Optimum Currency Areas

FRB of New York Staff Report No. 152
Number of pages: 34 Posted: 31 Jul 2006
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 107 (524,422)
Citation 1

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optimal currency areas, monetary union, optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through

Self-Validating Optimum Currency Areas

NBER Working Paper No. w8783
Number of pages: 26 Posted: 14 Feb 2002 Last Revised: 03 Jul 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 64 (716,863)

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Self-Validating Optimum Currency Areas

Number of pages: 29 Posted: 14 Mar 2002
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 21 (1,086,175)
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Optimum currency areas, monetary union, optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through

Productivity Spillovers, Terms of Trade, and the 'Home Market Effect'

Number of pages: 32 Posted: 24 Feb 2005
Paolo A. Pesenti, Giancarlo Corsetti and Philippe Martin
Federal Reserve Bank of New York, European University Institute and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
Downloads 112 (506,774)

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trade, productivity, terms of trade, taste for variety

Productivity Spillovers, Terms of Trade and the "Home Market Effect"

NBER Working Paper No. w11165
Number of pages: 32 Posted: 30 Mar 2005 Last Revised: 06 Jul 2022
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Federal Reserve Bank of New York
Downloads 53 (786,257)
Citation 3

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Productivity Spillovers, Terms of Trade and the 'Home Market Effect'

CEPR Discussion Paper No. 4964
Number of pages: 34 Posted: 27 Jul 2005
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Federal Reserve Bank of New York
Downloads 21 (1,086,175)
Citation 21
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Trade, productivity, terms of trade, taste for variety

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

FRB of New York Staff Report No. 268
Number of pages: 59 Posted: 06 Dec 2006
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 106 (528,246)

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current account deficit, multicountry dynamic general equilibrium models, trade policy

Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

NBER Working Paper No. w12704
Number of pages: 59 Posted: 20 Nov 2006 Last Revised: 20 Mar 2022
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 47 (829,923)

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Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

CEPR Discussion Paper No. 5993
Number of pages: 61 Posted: 20 Mar 2007
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 15 (1,164,897)
Citation 3
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Current account deficit, multi-country DGE models, net asset positions, trade policy

11.
Downloads 165 (369,989)
Citation 29

International Dimensions of Optimal Monetary Policy

NBER Working Paper No. w8230
Number of pages: 45 Posted: 08 Apr 2001 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 75 (658,487)

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International Dimensions of Optimal Monetary Policy

FRB of New York Staff Report No. 124
Number of pages: 45 Posted: 09 Aug 2006
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 73 (668,434)

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optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

International Dimensions of Optimal Monetary Policy

Number of pages: 46 Posted: 04 Jun 2002
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 17 (1,137,958)
Citation 29
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Optimal cyclical monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

12.

Paper Tigers? a Model of the Asian Crisis

NBER Working Paper No. w6783
Number of pages: 45 Posted: 02 Mar 1999 Last Revised: 16 Jul 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 163 (373,856)
Citation 11

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The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

Number of pages: 75 Posted: 30 May 2005
Paolo A. Pesenti and Giancarlo Corsetti
Federal Reserve Bank of New York and European University Institute
Downloads 136 (434,566)

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optimal monetary policy, nominal rigidities, exchange rate pass-through

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

CEPR Discussion Paper No. 5080
Number of pages: 77 Posted: 06 Oct 2005
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 23 (1,061,338)
Citation 6
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Optimal monetary policy, nominal rigidities, exchange rate pass-through, international cooperation

14.

Theoretical Notes on Commodity Prices and Monetary Policy

BIS Paper No. 70i
Number of pages: 12 Posted: 14 Apr 2013
Paolo A. Pesenti
Federal Reserve Bank of New York
Downloads 141 (421,282)
Citation 1

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commodity prices, core and headline inflation, monetary policy

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

FRB of New York Staff Report No. 267
Number of pages: 37 Posted: 06 Dec 2006
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 69 (689,073)

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deflation, monetary policy rules, zero interest rate floor

Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

NBER Working Paper No. w12703
Number of pages: 37 Posted: 20 Nov 2006 Last Revised: 18 Sep 2022
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 36 (923,433)

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Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis

CEPR Discussion Paper No. 5997
Number of pages: 39 Posted: 23 Mar 2007
Douglas Laxton, Papa N'Diaye and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Asia and Pacific Department and Federal Reserve Bank of New York
Downloads 12 (1,206,077)
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Deflation, monetary policy rules, zero interest rate floor

16.

The Role of Large Players in Currency Crises

NBER Working Paper No. w8303
Number of pages: 71 Posted: 17 May 2001 Last Revised: 11 Mar 2022
Giancarlo Corsetti, Paolo A. Pesenti and Nouriel Roubini
European University Institute, Federal Reserve Bank of New York and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 101 (542,210)
Citation 1

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17.

Welfare and Macroeconomic Interdependence

NBER Working Paper No. w6307
Number of pages: 49 Posted: 11 Jun 2000 Last Revised: 26 Sep 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 89 (587,883)
Citation 41

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Oil Price Movements and the Global Economy: A Model-Based Assessment

NBER Working Paper No. w13792
Number of pages: 49 Posted: 13 Feb 2008 Last Revised: 09 Sep 2022
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 78 (644,040)

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Oil Price Movements and the Global Economy: A Model-Based Assessment

CEPR Discussion Paper No. DP6700
Number of pages: 51 Posted: 10 Jun 2008
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) - Research Department, Bank of Canada, International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 3 (1,313,167)
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DSGE models, Oil prices, World economy

19.

The Impact of Foreign Slowdown on the U.S. Economy: An Open Economy DSGE Perspective

Economic Policy Review, Vol. 26, No. 4, 98-111
Number of pages: 15 Posted: 16 Feb 2021
Federal Reserve Banks - Federal Reserve Bank of New York, Federal Reserve Bank of New York and Federal Reserve Bank of New York
Downloads 79 (630,412)
Citation 1

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China, Euro area, slowdown, spillovers

20.

Do Nontraded Goods Explain the Home Bias Puzzle?

NBER Working Paper No. w5784
Number of pages: 35 Posted: 27 Feb 1997 Last Revised: 26 Oct 2022
Paolo A. Pesenti and Eric van Wincoop
Federal Reserve Bank of New York and University of Virginia - Department of Economics
Downloads 58 (737,895)
Citation 2

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Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

NBER Working Paper No. w13795
Number of pages: 28 Posted: 13 Feb 2008 Last Revised: 13 Mar 2022
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and Federal Reserve Bank of New York
Downloads 55 (779,396)
Citation 6

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Varieties and the Transfer Problem: The Extensive Margin of Current Account Adjustment

CEPR Discussion Paper No. DP6660
Number of pages: 29 Posted: 05 Jun 2008
Giancarlo Corsetti, Philippe Martin and Paolo A. Pesenti
European University Institute, Université Paris I Panthéon-Sorbonne - Centre Maison des Sciences Economiques and Federal Reserve Bank of New York
Downloads 2 (1,322,300)
Citation 1
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Current account, extensive margin, global imbalances, transfer problem

22.

Monetary Rules for Small, Open, Emerging Economies

NBER Working Paper No. w9568
Number of pages: 59 Posted: 20 Mar 2003 Last Revised: 25 Aug 2022
Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 55 (756,314)
Citation 7

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23.

A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises

NBER Working Paper No. w5140
Number of pages: 43 Posted: 05 Jul 2000 Last Revised: 20 Jul 2022
Willem H. Buiter, Giancarlo Corsetti and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR), European University Institute and Federal Reserve Bank of New York
Downloads 55 (756,314)

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24.

Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assesment

NBER Working Paper No. w10416
Number of pages: 50 Posted: 21 Apr 2004 Last Revised: 19 Jun 2022
Tamim Bayoumi, Douglas Laxton and Paolo A. Pesenti
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Federal Reserve Bank of New York
Downloads 52 (775,718)

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25.

Rational Speculative Bubbles in an Exchange Rate Target Zone

NBER Working Paper No. w3467
Number of pages: 49 Posted: 28 Jun 2004 Last Revised: 24 Dec 2022
Willem H. Buiter and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR) and Federal Reserve Bank of New York
Downloads 46 (817,838)

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26.

The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

NBER Working Paper No. w11341
Number of pages: 75 Posted: 28 Jun 2012 Last Revised: 29 Dec 2022
Giancarlo Corsetti and Paolo A. Pesenti
European University Institute and Federal Reserve Bank of New York
Downloads 32 (935,537)

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27.

Smooth Landing or Crash? Model-Based Scenarios of Global Current Account Rebalancing

NBER Working Paper No. w11583
Number of pages: 72 Posted: 26 Aug 2012 Last Revised: 27 Aug 2022
Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo A. Pesenti
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, Bank of Canada and Federal Reserve Bank of New York
Downloads 27 (985,919)
Citation 9

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28.
Downloads 16 (1,114,465)

Spillovers and Spillbacks

FRB of New York Staff Report No. 1089, https://doi.org/10.59576/sr.1089
Number of pages: 60 Posted: 23 Mar 2024
Sushant Acharya and Paolo A. Pesenti
Government of Canada - Bank of Canada and Federal Reserve Bank of New York
Downloads 9 (1,246,949)

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monetary policy spillovers, incomplete markets, precautionary savings, real-income channel

Spillovers and Spillbacks

NBER Working Paper No. w32245
Number of pages: 60 Posted: 18 Mar 2024
Sushant Acharya and Paolo A. Pesenti
Government of Canada - Bank of Canada and Federal Reserve Bank of New York
Downloads 7 (1,271,933)
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29.

Interpreting the Erm Crisis: Country-Specific and Systemic Issues

CEPR Discussion Paper Series No. 1466
Posted: 13 Mar 1997
Willem H. Buiter, Giancarlo Corsetti and Paolo A. Pesenti
Centre for Economic Policy Research (CEPR), European University Institute and Federal Reserve Bank of New York

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