Eugenio Cerutti

Johns Hopkins University

Baltimore, MD 21218

United States

International Monetary Fund (IMF)

700 19th Street N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

23

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2,300

CITATIONS
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Top 9,570

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45

Scholarly Papers (23)

1.

How Banks Go Abroad: Branches or Subsidiaries?

World Bank Policy Research Working Paper No. 3753
Number of pages: 34 Posted: 10 Nov 2005
Johns Hopkins University, International Monetary Fund (IMF) and International Monetary Fund (IMF) - Research Department
Downloads 354 (66,831)
Citation 25

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foreign banks, organizational choice

2.

Bankers Without Borders? Implications of Ring-Fencing for European Cross-Border Banks

IMF Working Paper No. 10/247
Number of pages: 36 Posted: 01 Feb 2011
Johns Hopkins University, affiliation not provided to SSRN, Unaffiliated Authors - Independent and International Monetary Fund
Downloads 347 (76,579)
Citation 6

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Banks, Capital, Credit risk, Cross country analysis, Eastern Europe, International banking, Regional shocks

3.

Systemic Risk in Global Banking: What Can Available Data Tell Us and What More Data are Needed?

BIS Working Paper No. 376
Number of pages: 26 Posted: 12 Apr 2012
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Johns Hopkins University, Bank for International Settlements and Bank for International Settlements (BIS)
Downloads 233 (95,550)
Citation 5

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systemic risks, banking system, international, contagion, vulnerabilities

Global Liquidity and Drivers of Cross-Border Bank Flows

Number of pages: 26 Posted: 10 May 2014 Last Revised: 10 Jun 2014
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
Johns Hopkins University, Bank for International Settlements and International Monetary Fund
Downloads 96 (248,365)

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Global Liquidity, International Banking, Capital Flows

Global Liquidity and Drivers of Cross-Border Bank Flows

IMF Working Paper No. 14/69
Number of pages: 34 Posted: 03 Jun 2014
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
Johns Hopkins University, Bank for International Settlements and International Monetary Fund
Downloads 64 (316,961)

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International banking, Banks, Liquidity, Capital flows, Bank regulations, Bank supervision, Cross country analysis, Global Liquidity, Capital Flows., bank claims, bank borrowers, bank risk, capital regulation, banking statistics, financial markets, bank capital, global financial crisis, banking system, bank risk-taking, bank capital regulation, bank risk taking, bank for international settlements, globalization, banking sector, banking capital, capital adequacy, banking systems, financial intermediation, banking regulation, global financial markets, global financial system, global financial stability, international financial markets, capital requirement, financial integration, bank balance s

Global Liquidity and Drivers of Cross-Border Bank Flows

CEPR Discussion Paper No. DP10314
Number of pages: 28 Posted: 23 Jan 2015
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
Johns Hopkins University, Bank for International Settlements and International Monetary Fund
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Capital Flows, Global liquidity, International Banking

Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

IMF Working Paper No. 11/222
Number of pages: 27 Posted: 28 Sep 2011
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Johns Hopkins University, Bank for International Settlements and Bank for International Settlements (BIS)
Downloads 136 (191,566)
Citation 5

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Bank credit, Banking systems, Credit risk, Data collection, Financial risk, International banking, International financial system

Systemic Risks in Global Banking: What Available Data Can Tell Us and What More Data are Needed?

NBER Working Paper No. w18531
Number of pages: 27 Posted: 11 Nov 2012
Eugenio Cerutti, Stijn Claessens and Patrick McGuire
Johns Hopkins University, Bank for International Settlements and Bank for International Settlements (BIS)
Downloads 3 (591,402)
Citation 5

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Inflation and Activity - Two Explorations and Their Monetary Policy Implications

IMF Working Paper No. 15/230
Number of pages: 30 Posted: 05 Jan 2016
Olivier J. Blanchard, Eugenio Cerutti and Lawrence Summers
National Bureau of Economic Research (NBER), Johns Hopkins University and International Monetary Fund (IMF)
Downloads 53 (348,700)

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Recessions, Hysteresis, Phillips Curve, Monetary Policy, inflation, recession, gap, unemployment, gdp, General, All Countries,

Inflation and Activity: Two Explorations and Their Monetary Policy Implications

Peterson Institute for International Economics Working Paper No. 15-19
Number of pages: 29 Posted: 12 Nov 2015 Last Revised: 19 Feb 2018
National Bureau of Economic Research (NBER), Johns Hopkins University and Harvard University
Downloads 36 (409,440)

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Recessions, Hysteresis, Phillips Curve, Monetary Policy

Inflation and Activity – Two Explorations and Their Monetary Policy Implications

HKS Working Paper No. 070
Number of pages: 29 Posted: 17 Nov 2015
National Bureau of Economic Research (NBER), Johns Hopkins University and Harvard University
Downloads 18 (503,342)

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Economics, International Economics, Markets, Recession, Inflation, Monetary Policy

Inflation and Activity – Two Explorations and Their Monetary Policy Implications

NBER Working Paper No. w21726
Number of pages: 29 Posted: 16 Nov 2015
Olivier J. Blanchard, Eugenio Cerutti and Larry Summers
National Bureau of Economic Research (NBER), Johns Hopkins University and Harvard University
Downloads 16 (515,022)
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7.

Bolivia: The Hydrocarbons Boom and the Risk of Dutch Disease

IMF Working Paper No. 08/154
Number of pages: 22 Posted: 01 Jul 2008
Eugenio Cerutti and Mario Mansilla
Johns Hopkins University and International Monetary Fund (IMF)
Downloads 112 (204,230)

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How Important is the Global Financial Cycle? Evidence from Capital Flows

BIS Working Paper No. 661
Number of pages: 63 Posted: 07 Sep 2017
Eugenio Cerutti, Stijn Claessens and Andrew Kenan Rose
Johns Hopkins University, Bank for International Settlements and University of California - Haas School of Business
Downloads 45 (374,937)

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empirical, data, centre, country, panel, fit, VIX, equity, bonds, FDI, credit

How Important is the Global Financial Cycle? Evidence from Capital Flows

IMF Working Paper No. 17/193
Number of pages: 68 Posted: 20 Feb 2018
Eugenio Cerutti, Stijn Claessens and Andrew Kenan Rose
Johns Hopkins University, Bank for International Settlements and University of California - Haas School of Business
Downloads 41 (389,411)

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Capital flows, Globalization, Monetary policy, Financial cycles, Panel analysis, Cross-country analysis, Capital market volatility, empirical; data; center; country; panel; fit; VIX; equity; bonds; FDI; credit, empirical, data, center, country, panel, fit, VIX, equity, bonds, FDI, credit, Financial Aspects of Economic Integration, Globalization: Finance

How Important is the Global Financial Cycle? Evidence from Capital Flows

NBER Working Paper No. w23699
Number of pages: 66 Posted: 06 Sep 2017
Eugenio Cerutti, Stijn Claessens and Andrew Kenan Rose
Johns Hopkins University, Bank for International Settlements and University of California - Haas School of Business
Downloads 8 (562,380)
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How Important is the Global Financial Cycle? Evidence from Capital Flows

CEPR Discussion Paper No. DP12075
Number of pages: 63 Posted: 05 Jun 2017
Eugenio Cerutti, Stijn Claessens and Andrew Kenan Rose
Johns Hopkins University, Bank for International Settlements and University of California - Haas School of Business
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bonds, center, country, data, empirical, equity, FDI, fit, panel, VIX

Changes in Prudential Policy Instruments -- A New Cross-Country Database

FRB International Finance Discussion Paper No. 1169
Number of pages: 31 Posted: 21 Jun 2016
Johns Hopkins University, Board of Governors of the Federal Reserve System, Dresden University of Technology and Oesterreichische Nationalbank (OeNB)
Downloads 46 (371,501)

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Macroprudential policies, Microprudential policies, Financial cycles

Changes in Prudential Policy Instruments - A New Cross-Country Database

IMF Working Paper No. 16/110
Number of pages: 24 Posted: 09 Dec 2016
Johns Hopkins University, Board of Governors of the Federal Reserve System, Dresden University of Technology and Oesterreichische Nationalbank (OeNB)
Downloads 34 (417,940)

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Policy instruments, Macroprudential Policy, Financial institutions, Business cycles, Developed countries, Emerging markets, Data collection, Cross country analysis, Macroprudential policies, Microprudential Policies, Financial cycles

Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals

IMF Working Paper No. 15/127
Number of pages: 44 Posted: 21 Jul 2015
Eugenio Cerutti, Stijn Claessens and Damien Puy
Johns Hopkins University, Bank for International Settlements and International Monetary Fund (IMF)
Downloads 41 (389,411)

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Capital flows, Mutual funds, International banks, Emerging markets, Capital inflows, Cross country analysis, Sensitivity analysis, Push factors, global banks, portfolio, equity, bond, financial markets, monetary policy, monetary fund

Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals

Institute of Global Finance Working Paper Vol. 3, No. 1, Paper 1
Number of pages: 41 Posted: 23 Dec 2016
Eugenio Cerutti, Stijn Claessens and Damien Puy
Johns Hopkins University, Bank for International Settlements and International Monetary Fund (IMF)
Downloads 37 (405,202)

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Push factors, capital flows, emerging markets, mutual funds, global banks

11.

The Use and Effectiveness of Macroprudential Policies: New Evidence

IMF Working Paper No. 15/61
Number of pages: 44 Posted: 14 Apr 2015
Eugenio Cerutti, Stijn Claessens and Luc Laeven
Johns Hopkins University, Bank for International Settlements and European Central Bank (ECB)
Downloads 46 (264,530)

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Macroprudential Policy, Emerging markets, Developed countries, Procyclicality of financial system, Cross country analysis, Time series, Macroprudential policies, Effectiveness, Financial cycles, credit growth, monetary fund, borrower, instruments, exchange, capital flow

12.

Imf Drawing Programs: Participation Determinants and Forecasting

IMF Working Paper No. 07/152
Number of pages: 29 Posted: 23 Aug 2007
Eugenio Cerutti
Johns Hopkins University
Downloads 43 (364,921)
Citation 2

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Working Paper, Use of Fund resources, Extended arrangements, Stand-by arrangements

13.

The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions

IMF Working Paper No. 14/180
Number of pages: 39 Posted: 22 Oct 2014
Eugenio Cerutti and Stijn Claessens
Johns Hopkins University and Bank for International Settlements
Downloads 37 (346,290)

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Cross-border banking, International banks, Loans, Credit, Supply and demand, Banking systems, Balance sheets, Financial statements, Global banks, Credit supply, Financial crisis, Deleveraging, International capital markets, systemic crisis, systemic_crisis, global financial crisis, return on assets, banking statistics, systemic risk, pre-crisis, banking crisis, systemic banking crisis, banking activities, home banking, bank capital, financial crises, banking crises, bank liquidity, banking network, recession, bank of international settlements, debt crisis, bank behavior, banking markets, banks loans, bank of international settlements (bis), bank subsidiaries, crisis episodes, domestic liquid

14.

Financial Crises and the Composition of Cross-Border Lending

IMF Working Paper No. 14/185
Number of pages: 60 Posted: 02 Jun 2015
Eugenio Cerutti, Galina Hale and Camelia Minoiu
Johns Hopkins University, Federal Reserve Bank of San Francisco and International Monetary Fund (IMF)
Downloads 32 (368,187)

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Financial crises, Cross-border banking, Loans, Regression analysis, syndicated loans, global financial crisis, BIS international banking statistics, Dealogic Loan Analytics, bank assets, bank capital, banking system, return on assets, banking systems, banking sector, banking crises

15.

The Need for 'Un-Consolidating' Consolidated Banks' Stress Tests

IMF Working Paper No. 12/288
Number of pages: 22 Posted: 18 Jan 2013
Eugenio Cerutti and Christian Schmieder
Johns Hopkins University and International Monetary Fund (IMF)
Downloads 29 (378,434)

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Stress testing, International banks, Banking sector, Cross-border banking, Stability, Ring-fencing, Subsidiaries, banking, subsidiaries, capital adequacy, bank data, banking system, excess liquidity, bank subsidiaries, banking sector, bank size, bank regulators, capital needs, banking supervision, banking stability, bank capital, bank solvency, tier 1 capital, banking authority, capital ratio, bank groups, capital market, capital markets, bank profit, bank structures, bank of international settlements, national bank, flows of capital, financial risk, bankers, bank structure, subordinated debt, banking operations, bank group, bank losses, bank activities, capital adequacy ratios, banks balanc

16.

Foreign Bank Subsidiaries'Default Risk During the Global Crisis: What Factors Help Insulate Affiliates from Their Parents?

World Bank Policy Research Working Paper No. 7053
Number of pages: 45 Posted: 20 Apr 2016
World Bank Research, Johns Hopkins University and International Monetary Fund (IMF)
Downloads 27 (381,826)

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Economic Insecurity

17.

Are Foreign Banks a 'Safe Haven'? Evidence from Past Banking Crises

IMF Working Paper No. 15/43
Number of pages: 28 Posted: 26 Mar 2015
Gustavo Adler and Eugenio Cerutti
International Monetary Fund (IMF) - Research Department and Johns Hopkins University
Downloads 18 (412,382)

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Foreign banks, Argentina, Uruguay, Banking crisis, Bank deposits, Banking systems, Emerging markets, Cross country analysis, bank run, foreign banks., interest, subsidiaries, risk, subsidiary, banking crises

18.

Banks' Foreign Credit Exposures and Borrowers' Rollover Risks Measurement, Evolution and Determinants

IMF Working Paper No. 13/9
Number of pages: 45 Posted: 28 Feb 2013
Eugenio Cerutti
Johns Hopkins University
Downloads 13 (491,139)
Citation 2

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Bank credit, Banking systems, Borrowing, Credit risk, International banks, Systemic risks, banking system, contagion, international, vulnerabilities

19.

Portfolio Inflows Eclipsing Banking Inflows: Alternative Facts?

IMF Working Paper No. 18/29
Number of pages: 35 Posted: 12 Mar 2018
Eugenio Cerutti and Gee Hee Hong
Johns Hopkins University and International Monetary Fund (IMF)
Downloads 0 (543,752)

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Capital flows, portfolio inflows, bank inflows, global financial cycle, General, Open Economy Macroeconomics, International Policy Coordination and Transmission

20.

The Slowdown in Global Trade: A Symptom of a Weak Recovery

IMF Working Paper No. 17/242
Number of pages: 38 Posted: 01 Feb 2018
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF), Johns Hopkins University, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (480,602)

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Economic growth, International trade, Globalization, Investment, Trade policy, General, Country and Industry Studies of Trade, Trade Forecasting and Simulation, International Business Cycles

21.

The Global Banking Network in the Aftermath of the Crisis: Is There Evidence of De-Globalization?

IMF Working Paper No. 17/232
Number of pages: 46 Posted: 01 Dec 2017
Eugenio Cerutti and Haonan Zhou
Johns Hopkins University and International Monetary Fund (IMF)
Downloads 0 (459,093)

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International financial markets, Cross-border Lending, Banking Network, Financial Interconnectedness, International Lending and Debt Problems, Financial Aspects of Economic Integration, Other

22.

Foreign Bank Subsidiaries' Default Risk During the Global Crisis: What Factors Help Insulate Affiliates from Their Parents?

IMF Working Paper No. 16/109
Number of pages: 32 Posted: 09 Dec 2016
World Bank Research, Johns Hopkins University and International Monetary Fund (IMF)
Downloads 0 (501,741)

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Foreign banks, Default, Financial risk, Cross-border banking, Bank regulations, Developing countries, Global Financial Crisis 2008-2009, Banking crises, default risk, ring-fencing, bank subsidiaries, distance to default, Mertonmodel.

23.

The Use and Effectiveness of Macroprudential Policies

BIS Paper No. 86n
Number of pages: 8 Posted: 05 Oct 2016
Eugenio Cerutti, Stijn Claessens and Luc Laeven
Johns Hopkins University, Bank for International Settlements and European Central Bank (ECB)
Downloads 0 (343,313)

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