Richard Portes

London Business School - Department of Economics

Professor of Economics

Regent's Park

London , NW1 4SA

United Kingdom

http://faculty.london.edu/rportes/

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • London Business School - Department of Economics

    • Email
    • Tel: +44 20 7000 8424
    • Fax: +44 20 7000 8401
SCHOLARLY PAPERS

37

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5,156

TOTAL CITATIONS
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Top 2,464

in Total Papers Citations

279

Scholarly Papers (37)

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1.

The Determinants of Cross-Border Equity Flows

Downloads 520 (109,288)
Citation 34

The Determinants of Cross-Border Equity Flows

London Business School Economics Discussion Paper No. DP 2001/7
Number of pages: 42 Posted: 04 Dec 2001
Richard Portes and Hélène Rey
London Business School - Department of Economics and London Business School
Downloads 382 (155,490)
Citation 28

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The Determinants of Cross-Border Equity Flows

NBER Working Paper No. w7336
Number of pages: 36 Posted: 29 Feb 2000 Last Revised: 20 Jul 2022
Richard Portes and Hélène Rey
London Business School - Department of Economics and London Business School
Downloads 138 (418,548)
Citation 6

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2.

Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar

Downloads 488 (117,931)
Citation 6

Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar

ECB Working Paper No. 694
Number of pages: 63 Posted: 04 Dec 2006
Elias Papaioannou, Richard Portes and Gregorios Siourounis
London Business School, London Business School - Department of Economics and London Business School
Downloads 374 (159,228)
Citation 2

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Currency optimizer, euro, foreign reserves, international currencies

Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar

NBER Working Paper No. w12333
Number of pages: 55 Posted: 14 Jul 2006 Last Revised: 02 Jan 2023
Elias Papaioannou, Richard Portes and Gregorios Siourounis
London Business School, London Business School - Department of Economics and London Business School
Downloads 77 (633,262)
Citation 1

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Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar

CEPR Discussion Paper No. 5734
Number of pages: 57 Posted: 16 Aug 2006
Richard Portes, Elias Papaioannou and Gregorios Siourounis
London Business School - Department of Economics, London Business School and London Business School
Downloads 37 (888,478)
Citation 3
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Currency optimizer, euro, foreign reserves, international currencies

3.

The Determinants of Cross-Border Equity Flows: The Geography of Information

Number of pages: 46 Posted: 31 Jul 2000
Richard Portes and Hélène Rey
London Business School - Department of Economics and London Business School
Downloads 472 (122,769)
Citation 148

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4.

The Euro and the International Financial System

Downloads 354 (170,654)
Citation 2

The Euro and the International Financial System

London Business School Economics Discussion Paper No. DP 2001/4
Number of pages: 25 Posted: 07 Nov 2001
Richard Portes
London Business School - Department of Economics
Downloads 324 (186,303)
Citation 2

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EMU, euro, exchange rates, international currencies, euroisation

The Euro and the International Financial System

Number of pages: 30 Posted: 13 Sep 2001
Richard Portes
London Business School - Department of Economics
Downloads 30 (953,943)
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EMU, Euroisation, Euro, exchange rates, international currencies

5.

Gambling for Resurrection in Iceland: The Rise and Fall of the Banks

Number of pages: 108 Posted: 30 Nov 2013
Fridrik Mar Baldursson and Richard Portes
Reykjavik University and London Business School - Department of Economics
Downloads 345 (175,513)
Citation 22

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Icelandic banks, Financial crisis of 2008, banking crisis, currency crisis, carry trade, liquidity

6.

Defining Benchmark Status: An Application Using Euro-Area Bonds

Downloads 328 (185,363)
Citation 1

Defining Benchmark Status: An Application Using Euro-Area Bonds

WBS Finance Group Research Paper No. 22
Number of pages: 51 Posted: 11 Jun 2002
Michael Moore, Peter G. Dunne and Richard Portes
University of Warwick - Warwick Business School, Central Bank of Ireland and London Business School - Department of Economics
Downloads 238 (256,344)

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Benchmark, euro government bonds, cointegration

Defining Benchmark Status: An Application Using Euro-Area Bonds

NBER Working Paper No. w9087
Number of pages: 51 Posted: 02 Aug 2002 Last Revised: 31 Oct 2022
Peter G. Dunne, Michael Moore and Richard Portes
Central Bank of Ireland, University of Warwick - Warwick Business School and London Business School - Department of Economics
Downloads 67 (683,421)

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Defining Benchmark Status: An Application Using Euro-Area Bonds

Number of pages: 53 Posted: 02 Jun 2003
Peter G. Dunne, Michael Moore and Richard Portes
Central Bank of Ireland, University of Warwick - Warwick Business School and London Business School - Department of Economics
Downloads 23 (1,028,009)
Citation 1
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Benchmark, euro government bonds, cointegration

7.

The Anatomy of Financial Crises

NBER Working Paper No. w2126
Number of pages: 85 Posted: 06 Jul 2004 Last Revised: 26 Oct 2022
Barry Eichengreen and Richard Portes
University of California, Berkeley and London Business School - Department of Economics
Downloads 271 (226,414)
Citation 3

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8.

The European Contribution to International Financial Stability

Downloads 263 (233,313)

The European Contribution to International Financial Stability

London Business School Economics Discussion Paper No. DP 2001/6
Number of pages: 21 Posted: 06 Nov 2001
Richard Portes
London Business School - Department of Economics
Downloads 241 (253,208)

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euro, EMU, financial stability, liquidity crises, international currencies

The European Contribution to International Financial Stability

Number of pages: 24 Posted: 17 Sep 2001
Richard Portes
London Business School - Department of Economics
Downloads 22 (1,039,376)
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Euro, EMU, financial stability, liquidity crises, international currencies

9.

Iceland's Capital Controls and the Resolution of its Problematic Bank Legacy

Number of pages: 34 Posted: 05 Jul 2017
Fridrik M. Baldursson, Richard Portes and Eirikur Elis Thorlaksson
Reykjavik University, London Business School - Department of Economics and Reykjavik University
Downloads 219 (278,981)
Citation 5

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capital controls, cross-border banking, Icelandic banks, resolution of failed banks

10.

The Global Dimensions of Macroprudential Policy

Downloads 199 (305,087)
Citation 2

The Global Dimensions of Macroprudential Policy

ESRB: Advisory Scientific Committee Reports 2020/10
Number of pages: 76 Posted: 05 Nov 2020
Richard Portes, Thorsten Beck, Willem H. Buiter, Kathryn M.E. Dominguez, Daniel Gros, Christian Gross, Ṣebnem Kalemli-Özcan, Tuomas Peltonen and Antonio Sánchez Serrano
London Business School - Department of Economics, City University London - The Business School, Centre for Economic Policy Research (CEPR), University of Michigan at Ann Arbor - Gerald R. Ford School of Public Policy, Centre for European Policy Studies, Brussels, European Central Bank, European Systemic Risk Board, University of Maryland, European Systemic Risk Board and European Systemic Risk Board
Downloads 127 (447,341)
Citation 1

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The Global Dimensions of Macroprudential Policy

Advisory Scientific Committee Reports No. 2020/10
Number of pages: 76 Posted: 30 Jul 2020
Richard Portes, Thorsten Beck, Willem H. Buiter, Kathryn M.E. Dominguez, Daniel Gros, Christian Gross, Ṣebnem Kalemli-Özcan, Tuomas A. Peltonen and Antonio Sánchez Serrano
London Business School - Department of Economics, City University London - The Business School, Centre for Economic Policy Research (CEPR), University of Michigan at Ann Arbor - Gerald R. Ford School of Public Policy, Centre for European Policy Studies, Brussels, European Central Bank, European Systemic Risk Board, University of Maryland, European Central Bank (ECB) and European Systemic Risk Board
Downloads 72 (657,516)
Citation 1

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11.

Capital Controls and the Resolution of Failed Cross-Border Banks: The Case of Iceland

Number of pages: 22 Posted: 30 Nov 2013
Fridrik Mar Baldursson and Richard Portes
Reykjavik University and London Business School - Department of Economics
Downloads 194 (312,356)
Citation 3

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Capital controls, Icelandic banks, Cross-border banking, Resolution of failed banks

12.

Debt and Default in the 1930s: Causes and Consequences

NBER Working Paper No. w1772
Number of pages: 80 Posted: 11 Apr 2004 Last Revised: 06 Nov 2022
Barry Eichengreen and Richard Portes
University of California, Berkeley and London Business School - Department of Economics
Downloads 138 (417,695)
Citation 4

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13.

The Emergence of the Euro as an International Currency

NBER Working Paper No. w6424
Number of pages: 68 Posted: 21 Jun 2000 Last Revised: 23 Jul 2022
Richard Portes and Hélène Rey
London Business School - Department of Economics and London Business School
Downloads 136 (422,517)
Citation 11

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14.

Mapping the Interconnectedness between EU Banks and Shadow Banking Entities

Downloads 116 (477,686)
Citation 1

Mapping the Interconnectedness between EU Banks and Shadow Banking Entities

NBER Working Paper No. w23280
Number of pages: 42 Posted: 27 Mar 2017 Last Revised: 10 Feb 2023
Jorge Abad, Marco D'Errico, Neill Killeen, Vera Luz, Tuomas A. Peltonen, Richard Portes and Teresa Urbano
Centre for Monetary and Financial Studies (CEMFI), University of Zurich, European Systemic Risk Board, European Banking Authority, European Central Bank (ECB), London Business School - Department of Economics and European Banking Authority
Downloads 61 (717,112)

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Mapping the Interconnectedness between EU Banks and Shadow Banking Entities

ESRB: Working Paper Series No. 2017/40
Number of pages: 43 Posted: 05 Nov 2020
Jorge Abad, Marco D'Errico, Neill Killeen, Vera Luz, Tuomas Peltonen, Richard Portes and Teresa Urbano
Centre for Monetary and Financial Studies (CEMFI), University of Zurich, European Systemic Risk Board, European Banking Authority, European Systemic Risk Board, London Business School - Department of Economics and European Banking Authority
Downloads 53 (766,842)

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financial stability, interconnectedness, macroprudential policy, shadow banking

Mapping the Interconnectedness between EU Banks and Shadow Banking Entities

CEPR Discussion Paper No. DP11919
Number of pages: 44 Posted: 20 Mar 2017
Jorge Abad, Marco D'Errico, Neill Killeen, Vera Luz, Tuomas A. Peltonen, Richard Portes and Teresa Urbano
Centre for Monetary and Financial Studies (CEMFI), University of Zurich, European Systemic Risk Board, European Banking Authority, European Central Bank (ECB), London Business School - Department of Economics and European Banking Authority
Downloads 2 (1,285,857)
Citation 1
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financial stability, interconnectedness, macroprudential, shadow banking

15.

Indirect Contagion: The Policy Problem

ESRB: Occasional Paper Series No. 2016/09
Number of pages: 34 Posted: 05 Nov 2020
Laurent Clerc, Alberto Giovannini, Sam Langfield, Tuomas Peltonen, Richard Portes and Martin Scheicher
Banque de France, Columbia University - Columbia Business School, European Central Bank, European Systemic Risk Board, London Business School - Department of Economics and European Central Bank (ECB)
Downloads 115 (480,761)
Citation 23

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contagion, systemic risk, financial distress, liquidity shortages

16.

Toward a Lender of First Resort

IMF Working Paper No. 06/66
Number of pages: 26 Posted: 26 Apr 2006
Richard Portes and Daniel Cohen
London Business School - Department of Economics and Ecole Normale Superieure (ENS) - Department and Laboratory of Applied and Theoretical Economics (DELTA)
Downloads 105 (514,016)

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market discipline, sovereign debt, country spreads, financial crises

17.

Dealing with Debt: the 1930s and the 1980s

NBER Working Paper No. w2867
Number of pages: 59 Posted: 11 Apr 2004 Last Revised: 03 Nov 2022
Barry Eichengreen and Richard Portes
University of California, Berkeley and London Business School - Department of Economics
Downloads 94 (553,878)
Citation 5

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18.

Money and the Consumption Goods Market in China

Downloads 91 (565,153)

Money and the Consumption Goods Market in China

NBER Working Paper No. w2143
Number of pages: 27 Posted: 03 Jul 2007 Last Revised: 11 Nov 2022
Richard Portes and Anita Santorum
London Business School - Department of Economics and affiliation not provided to SSRN
Downloads 49 (794,117)

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Money and the Consumption Goods Market in China

NBER Working Paper No. w2143
Number of pages: 27 Posted: 15 Mar 2007 Last Revised: 28 Mar 2010
Richard Portes and Anita Santorum
London Business School - Department of Economics and affiliation not provided to SSRN
Downloads 42 (846,858)

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19.

The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies

NBER Working Paper No. w1875
Number of pages: 45 Posted: 16 Jul 2004 Last Revised: 18 Aug 2022
Richard Portes
London Business School - Department of Economics
Downloads 74 (637,543)

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20.

Corporate Foreign Bond Issuance and Interfirm Loans in China

Downloads 71 (651,908)

Corporate Foreign Bond Issuance and Interfirm Loans in China

NBER Working Paper No. w24513
Number of pages: 47 Posted: 24 Apr 2018 Last Revised: 25 Jun 2023
Yi Huang, Ugo Panizza and Richard Portes
Graduate Institute of International and CEPR, Graduate Institute of International and Development Studies (IHEID) - Department of Economics and London Business School - Department of Economics
Downloads 68 (678,120)

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Corporate Foreign Bond Issuance and Interfirm Loans in China

CEPR Discussion Paper No. DP12865
Number of pages: 49 Posted: 16 Apr 2018
Yi Huang, Ugo Panizza and Richard Portes
Graduate Institute of International and CEPR, Graduate Institute of International and Development Studies (IHEID) - Department of Economics and London Business School - Department of Economics
Downloads 3 (1,274,923)
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bond markets in emerging market countries, carry trade, China, shadow banking

21.

All's Well that Ends Well? Resolving Iceland's Failed Banks

Downloads 69 (661,545)
Citation 1

All's Well that Ends Well? Resolving Iceland's Failed Banks

Number of pages: 28 Posted: 14 Jul 2016
Fridrik M. Baldursson, Richard Portes and Eirikur Elis Thorlaksson
Reykjavik University, London Business School - Department of Economics and Reykjavik University
Downloads 68 (678,120)
Citation 1

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capital controls, cross-border banking, Icelandic banks, resolution of failed banks

All's Well that Ends Well? Resolving Iceland's Failed Banks

CEPR Discussion Paper No. DP11185
Number of pages: 31 Posted: 18 Apr 2016
Fridrik M. Baldursson, Richard Portes and Eirikur Elis Thorlaksson
Reykjavik University, London Business School - Department of Economics and Reykjavik University
Downloads 1 (1,297,852)
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capital controls, cross-border banking, Icelandic banks, resolution of failed banks

22.

Dealing with Destabilizing 'Market Discipline'

Downloads 63 (692,390)

Dealing with Destabilizing 'Market Discipline'

NBER Working Paper No. w10533
Number of pages: 26 Posted: 11 Jun 2004 Last Revised: 14 Oct 2022
Daniel Cohen and Richard Portes
Ecole Normale Superieure (ENS) - Department and Laboratory of Applied and Theoretical Economics (DELTA) and London Business School - Department of Economics
Downloads 43 (839,084)

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Dealing with Destabilizing 'Market Discipline'

Number of pages: 28 Posted: 05 Apr 2004
Daniel Cohen and Richard Portes
Ecole Normale Superieure (ENS) - Department and Laboratory of Applied and Theoretical Economics (DELTA) and London Business School - Department of Economics
Downloads 20 (1,063,079)
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Market discipline, sovereign debt, country spreads, financial crises

23.

Sovereign CDS and Bond Pricing Dynamics in the Euro-Area

Downloads 62 (697,796)

Sovereign CDS and Bond Pricing Dynamics in the Euro-Area

NBER Working Paper No. w17586
Number of pages: 35 Posted: 15 Nov 2011 Last Revised: 22 Jul 2023
Giorgia Palladini and Richard Portes
affiliation not provided to SSRN and London Business School - Department of Economics
Downloads 54 (760,153)

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Sovereign CDS and Bond Pricing Dynamics in the Euro-Area

CEPR Discussion Paper No. DP8651
Number of pages: 37 Posted: 24 Nov 2011
Giorgia Palladini and Richard Portes
affiliation not provided to SSRN and London Business School - Department of Economics
Downloads 8 (1,214,381)
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asset pricing, CDS, euro area, international finance, sovereign bonds

24.

Central Planning and Monetarism: Fellow Travelers?

NBER Working Paper No. w0782
Number of pages: 25 Posted: 30 Dec 2006 Last Revised: 22 Aug 2022
Richard Portes
London Business School - Department of Economics
Downloads 51 (762,678)
Citation 1

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25.

Macroeconomic Adjustment and Foreign Trade of Centrally Planned Economies

NBER Working Paper No. w0736
Number of pages: 38 Posted: 18 Aug 2004 Last Revised: 08 Jul 2022
John Burkett, Richard Portes and David Winter
University of Rhode Island, London Business School - Department of Economics and Independent
Downloads 48 (782,538)

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26.

Macroeconomic Planning and Disequilibrium: Estimates for Poland, 1955-1980

NBER Working Paper No. w1182
Number of pages: 42 Posted: 09 Jun 2004 Last Revised: 20 Apr 2022
Richard Portes, Richard Quandt, David Winter and Stephen Yeo
London Business School - Department of Economics, Princeton University, Independent and Centre for Economic Policy Research (CEPR)
Downloads 43 (818,086)

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27.

Planning the Consumption Goods Market: Preliminary Disequilibrium Estimates for Poland, 1955-1980

NBER Working Paper No. w1076
Number of pages: 34 Posted: 25 Jun 2004
Richard Portes, Richard Quandt, David Winter and Stephen Yeo
London Business School - Department of Economics, Princeton University, Independent and Centre for Economic Policy Research (CEPR)
Downloads 40 (840,903)

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28.

Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts

Downloads 39 (848,768)

Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts

NBER Working Paper No. w19985
Number of pages: 45 Posted: 24 Mar 2014 Last Revised: 09 Feb 2023
Anne-Laure Delatte, Julien Fouquau and Richard Portes
CNRS, ESCP Business School and London Business School - Department of Economics
Downloads 36 (897,452)

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Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts

CEPR Discussion Paper No. DP9898
Number of pages: 47 Posted: 02 Jun 2014
Anne-Laure Delatte, Julien Fouquau and Richard Portes
CNRS, ESCP Business School and London Business School - Department of Economics
Downloads 3 (1,274,923)
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CDS indices, European sovereign crisis, Panel Smooth Threshold Regression Models

29.

International Costs and Benefits from Emu

NBER Working Paper No. w3384
Number of pages: 35 Posted: 04 Apr 2011 Last Revised: 02 Oct 2022
George Alogoskoufis and Richard Portes
University of London - Birkbeck College and London Business School - Department of Economics
Downloads 37 (864,768)
Citation 1

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30.

Regime-Dependent Sovereign Risk Pricing During the Euro Crisis

ESRB: Working Paper Series No. 2016/09
Number of pages: 50 Posted: 05 Nov 2020
Anne-Laure Delatte, Julien Fouquau and Richard Portes
CNRS, ESCP Business School and London Business School - Department of Economics
Downloads 31 (917,350)
Citation 6

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European sovereign crisis, Panel Smooth Threshold Regression Models, CDS indices

31.

Towards a Lender of First Resort

Number of pages: 27 Posted: 04 Nov 2004
Daniel Cohen and Richard Portes
Ecole Normale Superieure (ENS) - Department and Laboratory of Applied and Theoretical Economics (DELTA) and London Business School - Department of Economics
Downloads 27 (955,461)
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Market discipline, sovereign debt, country spreads, financial crises

32.

Resolution of Sovereign Debt Crises: The New Old Framework

Number of pages: 26 Posted: 06 Jan 2005
Richard Portes
London Business School - Department of Economics
Downloads 25 (975,756)
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Collective action clauses, financial crises, sovereign debt

33.

A Monetary Union in Motion: The European Experience

Number of pages: 24 Posted: 07 Sep 2001
Richard Portes
London Business School - Department of Economics
Downloads 24 (986,029)
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Single currency, economic integration, EMU, monetary union

34.

Capital Controls and the Resolution of Failed Cross-Border Banks: The Case of Iceland

CEPR Discussion Paper No. DP9706
Number of pages: 24 Posted: 28 Oct 2013
Fridrik M. Baldursson and Richard Portes
Reykjavik University and London Business School - Department of Economics
Downloads 3 (1,223,597)
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capital controls, cross-border banking, Icelandic banks, resolution of failed banks

35.

Gambling for Resurrection in Iceland: The Rise and Fall of the Banks

CEPR Discussion Paper No. DP9664
Number of pages: 110 Posted: 24 Sep 2013
Fridrik M. Baldursson and Richard Portes
Reykjavik University and London Business School - Department of Economics
Downloads 1 (1,242,112)
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banking crisis, carry trade, currency crisis, financial crisis of 2008, Icelandic banks, liquidity

36.

The Capital Structure of Firms in Central and Eastern Europe

CEPR Discussion Paper No. 1392
Posted: 04 Oct 1999
Francesca Cornelli, Richard Portes and Mark E. Shaffer
London Business School, London Business School - Department of Economics and Heriot-Watt University

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37.

The Emergence of the Euro as an International Currency

CEPR Discussion Paper Series Number 1741
Posted: 06 Feb 1998
George S. Alogoskoufis, Richard Portes and Hélène Rey
Athens University of Economics and Business, London Business School - Department of Economics and London Business School

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