Current-Account Sustainability

Credit Rationing in Markets with Imperfect Information.

1981 • 12,689 citations

Bank Runs, Deposit Insurance, and Liquidity

1983 • 8,993 citations

Are Government Bonds Net Wealth?

1974 • 6,026 citations

Economic Reform and the Process of Global Integration

1995 • 5,024 citations

International R&D spillovers

1995 • 3,985 citations

A Model of Balance-of-Payments Crises

1979 • 3,034 citations

Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors

1993 • 1,356 citations

Collapsing exchange-rate regimes

1984 • 1,256 citations

The Current Account and Macroeconomic Adjustment in the 1970s

1981 • 830 citations

Saving, Growth, and Liquidity Constraints

1994 • 822 citations

Seigniorage and Political Instability

1992 • 595 citations

Mexico's balance-of-payments crisis: a chronicle of a death foretold

1996 • 567 citations

Currency Crises and Collapses

1995 • 520 citations

Economic Effects and Structural Determinants of Capital Controls

1995 • 515 citations

The Political Economy of Central-Bank Independence

1996 • 485 citations

A self-fulfilling model of Mexico's 1994–1995 debt crisis

1996 • 445 citations

Mexico: Stabilization, Reform, and No Growth

1994 • 424 citations

International Evidence on the Determinants of Private Saving

1998 • 419 citations

One Money or Many? Analyzing the Prospects for Monetary Unification in Various Parts of the World

1994 • 401 citations

The Effectiveness of Central-Bank Intervention: A Survey of the Literature After 1982

1993 • 373 citations

External debt, capital flight and political risk

1989 • 365 citations

International debt reexamined

1995 • 346 citations

North-South lending and endogenous domestic capital market inefficiencies

1990 • 310 citations

Capital Flight: Estimates, Issues, and Explanations

1986 • 299 citations

The Surge in Capital Inflows to Developing Countries: An Analytical Overview

1996 • 283 citations

Latin American Debt: I Don't Think We are in Kansas Anymore

1984 • 279 citations

Present value tests of an intertemporal model of the current account

1990 • 258 citations

Portfolio Capital Flows: Hot or Cold?

1995 • 246 citations

Temporary Stabilization: Predetermined Exchange Rates

1986 • 245 citations

The Balassa‐Samuelson Model: A General‐Equilibrium Appraisal*

1994 • 224 citations

The Heckscher-Ohlin Model in theory and practice

1995 • 223 citations

Monetarism and Liberalization: The Chilean Experiment

1989 • 210 citations

International Commodity Prices, Macroeconomic Performance, and Politics in Sub-Saharan Africa

1995 • 202 citations

The Collapse of the Mexican Peso: What Have We Learned?

1996 • 191 citations

Global Versus Country-Specific Productivity Shocks and the Current Account

1993 • 187 citations

Monetarism and Liberalization: The Chilean Experiment

1988 • 182 citations

Should the Maastricht Treaty be saved

1992 • 122 citations

Economic Effects and Structural Determinants of Capital Controls

1995 • 117 citations

What Do We Need to Know about the International Monetary System?

2021 • 114 citations

Credibility, Debt and Unemployment: Ireland's Failed Stabilization

1989 • 110 citations

Devaluation, external balance and macroeconomic performance: A look at the numbers

1989 • 108 citations

North-South R&D Spillovers

1994 • 105 citations

Conditionality as bargaining process: Structural-adjustment lending, 1980-86

1987 • 100 citations

Foreign Direct Investment and Capital Flight

1996 • 95 citations

The Changing Role of International Bank Lending in Development Finance (L'evolution du role des credits bancaires internationaux dans le financement du developpement) (La nueva funcion de los prestamos bancarios internacionales en el financiamiento del desarrollo)

1985 • 91 citations

Parallel Currency Markets in Developing Countries: Theory, Evidence, and Policy Implications

1992 • 89 citations

Fiscal deficits, public debt, and government solvency: Evidence from OECD countries

1991 • 89 citations

Liberalization, Crisis, Intervention: The Chilean Financial System, 1975-1985

1988 • 83 citations

Financial Fragilities in Latin America: The 1980s and 1990s

1995 • 81 citations

The Transition to Emu in the Maastricht Treaty

1994 • 79 citations

The dynamics of Korean economic development

1994 • 79 citations

Credit Policy and Economic Activity in Developing Countries With Imf Stabilization Programs

1987 • 76 citations

Financial Fragilities in Latin America: The 1980s and 1990s

1995 • 75 citations

The Bretton Woods Debates: A Memoir

1994 • 72 citations

The Maastricht Way to EMU

1992 • 65 citations

Export Instability and the External Balance in Developing Countries

1994 • 62 citations

Poor-country borrowing in private financial markets and the repudiation issue

1981 • 61 citations

Long-Run PPP May Not Hold After All

1999 • 58 citations

Persistent Current Account Deficits: a Warning Signal?

1996 • 56 citations

The Triangular Trade and the Atlantic Economy of the Eighteenth Century: A Simple General-Equilibrium Model

1990 • 53 citations

Australia's foreign debt : myths and realities

1990 • 53 citations

External Debt and Macroeconomic Performance in South Korea

1989 • 50 citations

DOES THE CURRENT ACCOUNT MATTER? THE OLD VIEW AND THE NEW

1991 • 45 citations

New Approaches To The Latin American Debt Crisis

1989 • 45 citations

A Retrospective on the Debt Crisis

2021 • 44 citations

The international debt problem, credit rationing, and loan pushing : theory and experience

1991 • 43 citations

Exchange rates in theory and in reality

1991 • 43 citations

The Debt Crisis: A Post Mortem

1992 • 42 citations

The Monetary Approach To Exchange Rates What New Remains

1988 • 40 citations

Obstacles to International Macroeconomic Policy Coordination

1987 • 38 citations

Exchange-Rate Regimes for a Small Economy in a Multi-Country World

1989 • 38 citations

Can swaps solve the debt crisis? : lessons from the Chilean experience

1990 • 36 citations

American "Reparations" to Germany, 1919-33: Implications for the Third- World Debt Crisis.

1990 • 35 citations

THE TRANSITION TO EUROPEAN MONETARY UNION

1990 • 35 citations

Economic Summit Declarations, 1975-1989: Examining the Written Record of International Cooperation

1992 • 34 citations

Determinants of external imbalances: The role of taxes, government spending, and productivity

1991 • 33 citations

Public Debt, External Competitiveness, and Fiscal Discipline in Developing Countries

1989 • 33 citations

The Dissolution of the Austro-Hungarian Empire: Lessons for Currency Reform

1992 • 32 citations

AMERICAN "REPARATIONS" TO GERMANY, 1919-33: IMPLICATION FOR THE THIRD WORLD DEBT CRISI

1988 • 31 citations

Monopolistic Competition in Trade Theory

1990 • 29 citations

Loan-loss provisions and Third-World debt

1989 • 29 citations

An increasing role for the ECU: a character in search of a script

1988 • 29 citations

The transition to EMU in the maastricht treaty

1996 • 28 citations

The Macroeconomics of European Agriculture

1995 • 28 citations

Currency Proliferation: The Monetary Legacy of the Soviet Union

1995 • 27 citations

Economic Reform in the Soviet Union: Pas De Deux Between Disintegration and Macroeconomic Destabilization

1991 • 26 citations

From Halifax to Lyons : what has been done about crisis management?

1996 • 26 citations

The economies of Africa and the prices of their exports

1990 • 25 citations

Europe after 1992 : three essays

1991 • 25 citations

The German Buybacks, 1932-1939: A Cure for Overhang?

1993 • 25 citations

Growth and Catch-Up in Central and Eastern Europe: Macroeconomic Effects on Western Countries

1992 • 24 citations

Spending, taxes and deficits: International-intertemporal approach

1989 • 23 citations

A more perfect union? : the logic of economic integration

1996 • 23 citations

The Maastricht way to EMU

1992 • 23 citations

The dollar and the policy-performance-confidence mix

1989 • 22 citations

From Recipient to Donor: Japan's Official Aid Flows, 1945 to 1990 and Beyond

1995 • 22 citations

Reflections on the international monetary system

1995 • 21 citations

Criteria of external sustainability

1991 • 21 citations

Economic Assistance to Low-Income Countries: Should the Link be Resurrected?

2004 • 21 citations

The G-7's Joint-And-Several Blunder

1993 • 19 citations

Developing-country debt: A middle way (1989)

2007 • 18 citations

Terms-of-trade uncertainty and economic growth: are risk indicators significant in growth regressions?

1994 • 18 citations

Israel's Stabilization: Some Important Policy Lessons

1995 • 15 citations

Capital Account Liberalization as a Signal

1996 • 14 citations

A Pecking Order Theory of Capital Inflows and International Tax Principles

1996 • 14 citations

Making EMU Happen. Problems and Proposals : A Symposium

1996 • 14 citations

The G-7's Joint-and-Several Blunder

1993 • 10 citations

A simple model of disinflation and the optimality of doing nothing

1995 • 8 citations

Dual resource transfers and the secondary market price of developing countries' external debt

1995 • 8 citations

A Pecking Order Theory of Capital Inflows and International Tax Principles

1996 • 5 citations

The real exchange rate, fiscal policy and the current account : interpreting recent Irish experience

1996 • 3 citations

Fiscal Balance during Inflation, Disinflation, and Immigration

1997 • 1 citations

Fiscal balance during inflation, disinflation, and inmigration: policy lessons

1996 • 1 citations