Homepage of Marcel Fratzscher
|
||||||
Research and policy papers1. International finance Contagion and the global equity market collapse of the 2007-09
financial crisis, Co-authors: G. Bekaert, M. Ehrmann and A. Mehl,
mimeo, November 2009. How successful is the G7 in managing exchange rates? Journal of International Economics 79(1):
78-88, September 2009. [link to pdf] What Explains Global Exchange Rate Movements
During the Financial Crisis? Journal of International Money
and Finance 28: 1390–1407, December 2009. Risk sharing, finance and institutions in international portfolios, Co-author: J. Imbs, CEPR Discussion Paper No. 6496, Journal of Financial Economics 94: 428–447, December 2009. [link to pdf] Do
China and oil exporters influence major currency configurations?, Co-author:
A. Mehl, Journal of Comparative
Economics 37,
335–358, September 2009. [link to pdf] Oral interventions versus actual interventions in FX markets – An event-study approach, Economic Journal, 118, 1–28, July 2008. [link to pdf] US shocks and global exchange rate configurations, Economic Policy, April 2008, 363–409. [link to pdf] The pecking order of international financial integration, Co-author: C. Daude, Journal of International Economics 74(1), 94-119, 2008. [link to pdf] Stocks, bonds, money markets and exchange rates: Measuring international financial transmission, Co-authors: M. Ehrmann and R. Rigobon, NBER Working Paper No. 11166, March 2005, forthcoming Journal of Applied Econometrics. [link to pdf] Communication and exchange rate policy, Journal of Macroeconomics 30(4), 1651-1672, December 2008. [link to pdf] The transmission of emerging market shocks to global equity markets Co-authors: L. Cuadro and C. Thimann, Journal of Empirical Finance 16(1): 2-17, January 2009. [link to pdf] Financial globalization and integration, Co-author: Philipp Hartmann, Journal of International Money and Finance 26: 495-99, June 2007. Home bias in global bond and equity markets: the role of real exchange rate volatility, Co-authors: M. Fidora and C. Thimann, Journal of International Money and Finance, 26: 631-55, June 2007. [link to pdf] On the long-term effectiveness of exchange rate communication and interventions, Journal of International Money and Finance 25(1): 146-67, February 2006. [link to pdf] Strategies of exchange rate policy in G3 economies, Economics Letters 89(1): 68-74, October 2005. [download pdf] Equal size, equal role?
Interest rate interdependence between the euro area and the Exchange rates and fundamentals: new evidence from real-time data, Co-author: M. Ehrmann, Journal of International Money and Finance 24: 317-41, March 2005. [link to pdf] Financial Market Integration
in
2. International macro Asset Prices, News Shocks and the Current Account,
Co-author: R. Straub, mimeo, November 2009. Monetary Policy Shocks and Portfolio Choice,
co-authors: C. Saborowski and R. Straub, mimeo,
September 2009. Political
economy of monetary union: has EMU made a difference?
Co-author: L. Stracca, Economic Policy 58
307-48, April 2009. [link to pdf] Asset prices, exchange rates and the current account, Co-authors: L. Juvenal and L. Sarno, forthcoming European Economic Review. [link to pdf] Convergence and anchoring of yield curves in the euro area, Co-authors: M. Ehrmann, R. Gürkaynak and E. Swanson, CEPR Discussion Paper No. 6456, ECB Working Paper No. 817, forthcoming Review of Economics and Statistics. [link to pdf] Productivity shocks, budget deficits and the current account, Co-authors: M. Bussiere and G. Mueller, ECB Working Paper No. 509, forthcoming Journal of International Money and Finance. [link to pdf] Asset
prices and current account fluctuations in G7 countries, Co-author:
R. Straub, IMF Staff Papers 56(3),
633-54, June 2009. [link to pdf] Capital account liberalisation, uncertainty and debt structure, Co-authors: M. Bussiere and W. Koeniger, The B.E. Journals in Macroeconomics Vol. 6(1): Article 5, March 2006. [link to pdf] Financial openness and growth: short-run gain, long-run pain? Co-author: M. Bussiere, Review of International Economics 16(1), 69–95, 2008. [link to pdf] Current account dynamics in OECD and new EU member states: An intertemporal approach, Co-authors: M. Bussiere and G. Mueller, Journal of Economic Integration 21(3): 593-618, September 2006. [link to pdf]
3. Monetary policy Politics and Monetary Policy, Co-author: M. Ehrmann, revise and resubmit to Review of Economics and Statistics. The role of central bank transparency for guiding private sector
forecasts, Co-authors: M. Ehrmann and Central bank communication and monetary policy: A survey of the evidence Co-authors: Alan Blinder, M. Ehrmann, J. de Haan, D.-J. Jansen, Journal of Economic Literature XLVI(4), 910-45, December 2008. [link to pdf] Purdah – On the Rationale for Central Bank Silence Around Policy Meetings, Co-author: M. Ehrmann, Journal of Money, Credit and Banking 41(2–3), 517-27, April 2009. [link to pdf] Social value of public information – testing the limits to transparency, Co-author: M. Ehrmann, ECB WP No. 821, October 2007. [link to pdf] Explaining monetary policy decisions in a press conference, Co-author: M. Ehrmann, International Journal of Central Banking 5(2): 41-84, June 2009. [link to pdf] Communication and decision-making by central bank committees: different strategies, same effectiveness? Co-author: M. Ehrmann, Journal of Money, Credit and Banking 39(2–3): 509-41, March- April 2007. [link to pdf]Geography or skills: What explains Fed watchers’ forecast accuracy of Monetary policy in the media, Co-authors: H. Berger and M. Ehrmann, ECB Working Paper No. 679, September 2006. [link to pdf] Global
financial transmission of monetary policy shocks, Co-author:
M. Ehrmann, Forecasting ECB monetary policy: Accuracy is (still) a matter of geography, Co-authors: H. Berger and M. Ehrmann, European Economic Review 53(8): 1028-1041, November 2009. [link to pdf]The timing of central bank communication, Co-author: M. Ehrmann, European Journal of Political Economy 23(1): 124-145, March 2007. [link to pdf]Transparency, disclosure and the Federal Reserve, Co-author: M. Ehrmann, International Journal of Central Banking 3(1): 179-225, March 2007. [link to pdf] Taking stock: Monetary policy transmission to equity markets, Co-author: M. Ehrmann, Journal of Money, Credit and Banking, 36(4): 719-37. [link to pdf] Monetary policy announcements and money markets: A transatlantic perspective, Co-author: M. Ehrmann, International Finance 6(3), Winter 2003-04: 309-28. [download pdf]
4. Development, institutions and financial crises IMF Surveillance and Financial Markets – A Political Economy Analysis Co-author: J. Reynaud, mimeo, September 2009. Does it pay to have the euro? Italy’s troubled politics and financial markets under the lira and the euro, Co-author: L. Stracca, International Finance 12:1, 1–31, 2009. Towards a new Early Warning System of financial crises, Co-author: M. Bussiere, Journal of International Money and Finance 25(6): 953-973, October 2006. [link to pdf] Low probability, high impact: policy making and extreme events, Co-author: M. Bussiere, Journal of Policy Modeling 30: 111–121, 2008. [download pdf] European Integration: What lessons for other regions? The case of Latin America, Co-authors: E. Dorrucci, S. Firpo, and F. Mongelli, Open Economies Review 15: 239-269, July 2004. [download pdf] The Interaction between Institutional and Economic Integration at the Regional Level, Co-authors: E. Dorrucci, S. Firpo, and F. Mongelli, Journal of Economic Integration 20(2): 217-51, June 2005. On Currency Crises and Contagion, International Journal of Finance and Economics, 8(2): 109-30, April 2003. [link to pdf] Why are Currency Crises
Contagious? A Comparison of the Latin
American Crisis of 1994-95 and the Asian Crisis of 1997, Weltwirtschaftliches Archiv/Review
of World Economics, Vol. 134 No.4, December 1998. 5.
Publications in books, book reviews and others
Central bank communication, contribution to The
Palgrave Dictionary of Economics. How should central banks communicate? (with M. Ehrmann), "Designing a Central Bank Communication Strategy",
in: D. Mayes and G. Wood (eds.), Designing Central Banks, Routledge, 2009, 170-192. What we know and what we would like to know about central bank
communication, (with Alan Blinder, M. Ehrmann, J. de Haan, D.-J. Jansen) VOX, EMU has led to increased stability and convergence of financial markets
in euro area, (with
M. Ehrmann, R. Gürkaynak
and E. Swanson) VOX, Designing a Central Bank Communication Strategy (with Michael Ehrmann), Bundesbank conference
volume on Designing Central Banks. The Impact of Exchange Rate Interventions and Communication over the
Medium-Term,
in: K. Liebscher (Governor Austrian National
Central Bank) et al.: Currency and
Competitiveness in Forecasting European Central Bank Monetary Policy (with Helge
Berger and Michael Ehrmann), IMF Survey, 35(13),
July 2006. Exchange-rate regimes and debt-maturity structure (with
M. Bussiere and Monetary Policy and Macroeconomic Stabilization in Exchange rate policy strategies in G3 economies.
In. C. Fred Bergsten, John Williamson (eds.): Dollar adjustment: How far? Against what? Volume of conference
proceedings, Institute for International Economics, The Euro Bloc, the Dollar Bloc, and the Yen
Bloc: How much Monetary Policy Independence can Exchange
Rate Flexibility Buy in an Interdependent World? In: ECLAC (Ed.): Towards Regional Currency Areas, UN
Economic Commission For On the Causes of the Latin American and Asian Currency Crises of the
1990s, in Identifying the role of contagion in currency
crises with Markov-switching models. In: M. Frenkel,
A. Karmann and B. Scholtens
(eds.): Sovereign Risk and Financial
Crises. Springer Verlag, What lessons for Review of “The Asian Financial Crisis. Causes,
Contagion and Consequences”, by P.R. Agenor, M. Miller, D. Vines, A. Weber. Weltwirtschaftliches Archiv,
Vol. 136 No.4, 2000. |
||||||
|
|