Steven B. Kamin

Board of Governors of the Federal Reserve System

Director

20th St. and Constitution Ave.

Washington, DC 20551

United States

  • Board of Governors of the Federal Reserve System

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    • Tel: 202-452-3339
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SCHOLARLY PAPERS

40

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13,275

SSRN CITATIONS
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Top 3,491

in Total Papers Citations

248

CROSSREF CITATIONS

214

Scholarly Papers (40)

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1.

Preventing Deflation: Lessons from Japan's Experience in the 1990s

Number of pages: 64 Posted: 21 Jul 2003
Alan G. Ahearne, Joseph Gagnon, Jane Haltmaier, Steven B. Kamin, Christopher J. Erceg, Jon Faust, Luca Guerrieri, Jennifer E. Roush, John H. Rogers, Nathan Sheets and Jonathan H. Wright
University of Galway - Department of Economics, Peterson Institute, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Fudan University - Fanhai International School of Finance (FISF), Board of Governors of the Federal Reserve System and Johns Hopkins University - Department of Economics
Downloads 1,962 (14,014)
Citation 32

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Monetary policy, Taylor rule, fiscal policy

2.

The Current International Financial Crisis: How Much is New?

Number of pages: 21 Posted: 13 Sep 1999
Steven B. Kamin
Board of Governors of the Federal Reserve System
Downloads 1,617 (18,873)
Citation 3

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3.

International Capital Flows and the Return to Safe Assets in the United States, 2003-2007

FRB International Finance Discussion Paper No. 1014
Number of pages: 43 Posted: 12 May 2011
Ben S. Bernanke, Carol C. Bertaut, Laurie DeMarco and Steven B. Kamin
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 1,070 (34,725)
Citation 122

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global saving glut, interest rates, capital flows, mortgage-backed securities

4.

Output and the Real Exchange Rate in Developing Countries: An Application to Mexico

Number of pages: 66 Posted: 27 Jun 1997
Steven B. Kamin and John H. Rogers
Board of Governors of the Federal Reserve System and Fudan University - Fanhai International School of Finance (FISF)
Downloads 1,034 (36,494)
Citation 18

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5.

The Evolution and Determinants of Emerging Market Credit Spreads in the 1990s

Number of pages: 48 Posted: 12 Jul 2000
Steven B. Kamin and Karsten von Kleist
Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 776 (54,287)
Citation 60

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Emerging markets, credit spreads, credit ratings

6.

The Contribution of Domestic and External Factors to Emerging Market Devaluation Crises: An Early Warning Systems Approach

Downloads 738 (58,037)
Citation 38

The Contribution of Domestic and External Factors to Emerging Market Devaluation Crises: An Early Warning Systems Approach

International Finance Discussion Paper No. 711
Posted: 06 Jul 2021 Last Revised: 03 Jul 2021
Steven B. Kamin, Shawna L. Samuel and John W. Schindler
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and affiliation not provided to SSRN

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The Contribution of Domestic and External Factors to Emerging Market Devaluation Crises: An Early Warning Systems Approach

Number of pages: 56 Posted: 16 Oct 2001
Steven B. Kamin, John W. Schindler and Shawna L. Samuel
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Princeton University - Princeton School of Public and International Affairs
Downloads 738 (57,219)
Citation 38

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currency crises, financial crises, devaluations, probit models

7.

The Evolution and Determinants of Emerging Markets Credit Spreads in the 1990s

BIS Working Paper No. 68
Number of pages: 40 Posted: 13 Dec 2005
Steven B. Kamin and Karsten von Kleist
Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 735 (58,379)
Citation 62

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8.

The Impact of Monetary Policy on Exchange Rates During Financial Crises

Number of pages: 53 Posted: 25 Sep 2000
David Gould and Steven B. Kamin
Institute of International Finance and Board of Governors of the Federal Reserve System
Downloads 642 (69,580)
Citation 5

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interest rates, currency values

9.

International Spillovers of Monetary Policy: Conventional Policy vs. Quantitative Easing

International Finance Discussion Paper No. 1234
Number of pages: 49 Posted: 23 Aug 2018 Last Revised: 29 Apr 2020
Stephanie E. Curcuru, Steven B. Kamin, Canlin Li and Marius Rodriguez
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 437 (111,472)
Citation 3

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10.

Some Multi-Country Evidence on the Effects of Real Exchange Rates on Output

FRB International Finance Discussion Paper No. 611, BIS Working Paper No. 48
Number of pages: 23 Posted: 13 Dec 2005
Steven B. Kamin and Marc Klau
Board of Governors of the Federal Reserve System and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 384 (129,416)
Citation 19

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11.

Identifying the Role of Moral Hazard in International Financial Markets

Number of pages: 50 Posted: 22 Nov 2002
Steven B. Kamin
Board of Governors of the Federal Reserve System
Downloads 373 (133,716)
Citation 3

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spreads, capital flows, emerging markets

12.

Some Simple Tests of the Globalization and Inflation Hypothesis

FRB International Finance Discussion Paper No. 891
Number of pages: 74 Posted: 22 May 2007
Jane E. Ihrig, Steven B. Kamin, Deborah Lindner and Jaime Marquez
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 363 (137,803)
Citation 51

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inflation, globalization, Phillips curve

13.

Explaining the Global Pattern of Current Account Imbalances

FRB International Finance Discussion Paper No. 846
Number of pages: 46 Posted: 26 Nov 2005
Joseph W. Gruber and Steven B. Kamin
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 340 (148,008)
Citation 32

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Capital flows, financial crisis, current account

14.

The Corporate Saving Glut in the Aftermath of the Global Financial Crisis

FRB International Finance Discussion Paper No. 1150
Number of pages: 62 Posted: 06 Nov 2015
Joseph W. Gruber and Steven B. Kamin
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 292 (173,838)

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Investment, Corporate Saving, Corporate Balance Sheets

15.

A Multi-Country Comparison of the Linkages between Inflation and Exchange Rate Competitiveness

BIS Working Paper No. 45
Number of pages: 31 Posted: 13 Dec 2005
Steven B. Kamin
Board of Governors of the Federal Reserve System
Downloads 283 (179,594)
Citation 7

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16.

How did a Domestic Housing Slump Turn into a Global Financial Crisis?

FRB International Finance Discussion Paper No. 994
Number of pages: 67 Posted: 07 Apr 2010
Steven B. Kamin and Laurie DeMarco
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 279 (182,230)
Citation 18

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Financial crisis, transmission, mortgage-backed securities

17.

Capital Inflows, Financial Intermediation, and Aggregate Demand: Empirical Evidence from Mexico and Other Pacific Basin Countries

Board of Govs of the Fed Reserve System Internat'l Finance Paper #583
Number of pages: 63 Posted: 13 Oct 1997
Steven B. Kamin and Paul R. Wood
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 276 (184,269)
Citation 1

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18.

Financial Globalization and Monetary Policy

FRB International Finance Discussion Paper No. 1002
Number of pages: 63 Posted: 12 Aug 2010
Steven B. Kamin
Board of Governors of the Federal Reserve System
Downloads 226 (224,272)
Citation 1

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Globalization, Monetary Policy, Interest Rates

19.

Are Depreciations as Contractionary as Devaluations? A Comparison of Selected Emerging and Industrial Economies

Number of pages: 46 Posted: 22 Jan 2003
Shaghil Ahmed, Christopher Gust, Steven B. Kamin and Jonathan Huntley
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Northwestern University - Department of Economics
Downloads 209 (241,162)
Citation 8

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contractionary devaluations, exchange rate regimes

20.

When is Bad News Good News? U.S. Monetary Policy, Macroeconomic News, and Financial Conditions in Emerging Markets

International Finance Discussion Paper No. 1269
Number of pages: 43 Posted: 15 Jun 2020
Jasper Hoek, Steven B. Kamin and Emre Yoldas
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 186 (268,086)
Citation 3

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Monetary policy, Spillovers, Emerging markets, Growth shock, monetary shocks, Financial conditions

21.

Do Differences in Financial Development Explain the Global Pattern of Current Account Imbalances?

FRB International Finance Discussion Paper No. 923
Number of pages: 74 Posted: 03 Apr 2008
Joseph W. Gruber and Steven B. Kamin
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 170 (289,957)
Citation 13

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Capital flows, bond yields, current account

22.

How Long Can the Unsustainable U.S. Current Account Deficit Be Sustained?

FRB International Finance Discussion Paper No. 935
Number of pages: 72 Posted: 11 Jul 2008
Carol C. Bertaut, Steven B. Kamin and Charles P. Thomas
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Thomas & Son Analytics
Downloads 149 (323,863)
Citation 7

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sustainability, external imbalance, dollar

23.

Financial Market Developments and Economic Activity During Current Account Adjustments in Industrial Economies

Number of pages: 57 Posted: 30 Mar 2005
Steven B. Kamin, Sylvain Leduc and Hilary Croke
Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of San Francisco and U.S. Board of Governors of the Federal Reserve
Downloads 144 (334,579)
Citation 13

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Current account deficit, trade deficit, exchange rate adjustment, disorderly correction

24.

Fiscal Positions and Government Bond Yields in OECD Countries

FRB International Finance Discussion Paper No. 1011
Number of pages: 47 Posted: 28 Feb 2011
Joseph W. Gruber and Steven B. Kamin
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 120 (382,406)
Citation 33

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Fiscal policy, fiscal balances, government debt, interest rates

25.

ABS Inflows to the United States and the Global Financial Crisis

Downloads 119 (384,681)
Citation 16

ABS Inflows to the United States and the Global Financial Crisis

FRB International Finance Discussion Paper No. 1028
Number of pages: 70 Posted: 21 Aug 2011 Last Revised: 10 Nov 2013
Carol C. Bertaut, Laurie DeMarco, Steven B. Kamin and Ralph W. Tryon
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 70 (547,210)
Citation 11

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capital flows, global saving glut, financial crisis, asset-backed securities, interest rates

Abs Inflows to the United States and the Global Financial Crisis

NBER Working Paper No. w17350
Number of pages: 70 Posted: 29 Aug 2011 Last Revised: 29 May 2023
Carol C. Bertaut, Laurie DeMarco, Steven B. Kamin and Ralph W. Tryon
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 49 (654,826)

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26.

Constructive Data Mining: Modeling Argentine Broad Money Demand

FRB International Finance Discussion Paper No. 943
Number of pages: 36 Posted: 01 Nov 2008
Neil R. Ericsson and Steven B. Kamin
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 103 (429,574)
Citation 3

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Argentina, autometrics, broad money, dynamic specification, cointegration, conditional models, currency substitution, dollarization, error correction, exogeneity, hyperinflation, irreversibility, model design, model selection, money demand, PcGets, ratchet effect

27.

Did Easy Money in the Dollar Bloc Fuel the Global Commodity Boom?

FRB International Finance Discussion Paper No. 979
Number of pages: 43 Posted: 01 Nov 2009
Christopher J. Erceg, Luca Guerrieri and Steven B. Kamin
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 75 (519,667)

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oil prices, SDGE models, monetary policy

28.

The Contributions of Domestic and External Factors to Latin American Devaluation Crises: An Early Warning Systems Approach

Number of pages: 41 Posted: 29 Nov 2000
Steven B. Kamin and Oliver Babson
Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 74
Citation 13

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exchange rate regimes

29.

The Puzzling Peso

FRB International Finance Discussion Paper No. 976
Number of pages: 47 Posted: 26 Sep 2009
Carlos Oscar Arteta, Steven B. Kamin and Justin Vitanza
Board of Governors of the Federal Reserve - Division of International Finance (IFDP), Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 54 (614,350)

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Mexico, peso, dollar, exchange rates, interest rate differentials, inflation, output gap, output growth differentials

30.

U.S. External Adjustment: Is it Disorderly? Is it Unique? Will it Disrupt the Rest of the World?

FRB International Finance Discussion Paper No. 892
Number of pages: 52 Posted: 22 May 2007
Steven B. Kamin, Trevor A. Reeve and Nathan Sheets
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 45 (664,310)
Citation 3

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current account deficit, trade deficit, exchange rate adjustment, disorderly correction

31.

Are Rising U.S. Interest Rates Destabilizing for Emerging Market Economies?

FEDS Notes No. 2021-06-23-2
Posted: 09 Jul 2021
Jasper Hoek, Steven B. Kamin and Emre Yoldas
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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32.

U.S. External Adjustment: Is it Disorderly? Is it Unique? Will it Disrupt the Rest of the World?

International Finance Discussion Paper No. 892
Posted: 06 Jul 2021 Last Revised: 03 Jul 2021
Steven B. Kamin, Trevor A. Reeve and Nathan Sheets
Board of Governors of the Federal Reserve System, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System

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33.

Is China \&Quot;Exporting Deflation\&Quot;?

International Finance Discussion Paper No. 791
Posted: 06 Jul 2021 Last Revised: 03 Jul 2021
Steven B. Kamin, Mario Marazzi and John W. Schindler
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and affiliation not provided to SSRN

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34.

The Impact of COVID-19 on Emerging Markets Economies’ Financial Conditions

FEDS Notes No. 2020-10-07-1 https://doi.org/10.17016/2380-7172.2749
Posted: 14 Oct 2020
Shaghil Ahmed, Jasper Hoek, Steven B. Kamin, Benjamin Smith and Emre Yoldas
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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35.

Quantitative Easing and Bank Lending: Evidence from Japan

FRB International Finance Discussion Paper No. 1018
Posted: 23 Jul 2011
David Bowman, Fang Cai, Sally M. Davies and Steven B. Kamin
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Quantitative Easing, Japan, Bank Lending, Unconventional Monetary Policy, Central Bank, Credit

36.

Is China Exporting Deflation?

Posted: 10 Feb 2004
Steven B. Kamin, Mario Marazzi and John W. Schindler
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System

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Exports, prices

37.

A Multi-Country Comparison of the Linkages between Inflation and Exchange Rate Competitivenes

Posted: 03 Jul 1998
Steven B. Kamin
Board of Governors of the Federal Reserve System

Abstract:

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38.

Real Exchange Rates and Inflation in Exchange-Rate Based Stabilizations: An Empirical Examination

Posted: 04 Sep 1997
Steven B. Kamin
Board of Governors of the Federal Reserve System

Abstract:

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39.

Monetary Policy in the End-Game to Exchange Rate Based Stabilizations: The Case of Mexico

Posted: 14 Aug 1997
Steven B. Kamin and John H. Rogers
Board of Governors of the Federal Reserve System and Fudan University - Fanhai International School of Finance (FISF)

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40.

The Use of the Parallel Market Rate as a Guide to Setting the Official Exchange Rate

Posted: 03 Oct 1996
Steven B. Kamin and Nita Ghei
Board of Governors of the Federal Reserve System and Mercatus Center at George Mason University

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