Romain Rancière Research

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Working Papers

Credit Standards and Segregation, with Amine OuazadPDF  Companion paper : “Segregation in Cities: General Equilibrium Effects of Credit Supply

Crash Risk in Currency Market, joint with Emmanuel Farhi, Samuel Fraiberger, Xavier Gabaix, and Adrien VerdelhanPDF

Fiscal Discoveries and Yield Decoupling, with Luis Catao and Ana Fostel, PDF

Income Inequality and Global Imbalances, with Michael Kumhof, ClaireLebarz, Alexander Richter, and Nate Throckmorton, PDF

Financial Liberalization and Allocative Efficiency, joint with Aaron Tornell, PDF

Systemic Risk and the U.S. Financial Crisis, joint with Aaron TornellPDF

The Overhang Hangover, joint with Jean ImbsPDF

Banks, Liquidity Crises and Economic Growth, joint with Alejandro Gaytan, Latest VersionSupplemental Appendix

Academic Publications  

Inequality, Leverage and Criseswith Michael Kumhof and Pablo Winant, American Economic Review forthcoming, PDF Appendix Codes Other_Data,

The Financial Crisis: Lessons for International Macroeconomics,  Bussiere, M., Imbs, J., Kollman, R.,  American Economic Journal: Macro,  2013                                                                                                                                                                                                                                                     

Power Laws in Firm Size and Openness to Trade, with Julian di Giovanni and Andrei Levchenko, Journal of International Economics, 2011 PDF 

The Optimal Level of Reserves for Emerging Market Countries: Formulas and Applications, joint with Olivier Jeanne,Economic Journal, 2011 PDF Extension_codes

Was the U.S. Crisis a Financial Black-Hole? with Aaron TornellI.M.F. Economic Review (Annual Conference), 2011

Currency Mismatch and Systemic Risk in Eastern Europe, joint with Aaron Tornell and Athanasio Vamvakidis, Economic Policy, 2010, PDF Data_Codes  

Companion Paper: A New Index of Currency Mismatch and Systemic Risk, with Aaron Tornell and Athanasios Vamvakidis,  PDF AND DATA

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development, with Philippe Aghion, Philippe Bacchetta and KennethRogoff,  Journal of Monetary Economics, Volume 56, Issue 4, May 2009, Pages 494-513, PDF Data_Codes

Growth and Risk at the Industry Level: The Real Effects of Financial Liberalization, joint with Andrei Levchenko and Mathias ThoenigJournal of Development Economics, Volume 89, Issue 2, July 2009, Pages 210-222, PDF'                                                                                                                             Systemic Crises and Growth, joint with Aaron Tornell and Frank Westermann , Quarterly Journal of Economics, February 2008,    PDFAppendix Data_Codes

Financial Liberalization, with Aaron Tornell and Frank WestermannNew Palgrave Dictionary of Economics, 2008, PDF

Macroeconomic Volatility and Welfare in Developing Countries: an Introduction , joint with Norman Loayza, Luis Sirven and Jaume Ventura World Bank Economic Review,  21(3)343-357, 2007, PDF

Financial Development, Financial Fragility, and Growth, joint with Norman LoayzaJournal of Money Credit and Banking,Volume 38(4):1051-1076 (2006), PDF Data_Codes

Decomposing the Effects of Financial Liberalization: Growth vs. Crises, joint with Aaron Tornell and Frank WestermannJournal of Banking & Finance, Volume 30, Issue 12, December 2006, Pages 3331-3348, PDF

Policy Papers and Editorials


Monthly Op-Eds in "Liberation"

VOX-EU Columns   

Analytical Basis for Fund Lending and Reform Options, in coll. PDF

Country Insurance, with Torbjorn Becker, Olivier Jeanne, Paolo Mauro, Jonathan Ostry,  International Monetary Fund, 2006, PDF