Romain Ranciere Research

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Working Papers

The Effect of Credit Standards on Urban and School Segregation, joint with Amine Ouazad, PDF  

Financial Liberalization: Efficiency Gains vs. Black Holes, joint with Aaron Tornell, PDF

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

Inequality, Leverage and Crises, joint with Michael Kumhof,  PDF

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

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

The Overhang Hangover, joint with Jean ImbsPDF

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

Academic Publications 

Power Laws in Firm Size and Openness to Trade, joint with Julian di Giovanni and Andrei Levchenko,                                                                                                                                                                                            Journal of International Economics,  accepted conditional on minor revision, PDF 

Was the U.S. Crisis a Financial Black-Hole? joint with Aaron Tornell,                                                                                                                                                                                        I.M.F. Economic Review (conference issue for Jacques Polak 11th Anual Research Conference), forthcoming

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

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

 

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development, joint with Philippe Aghion, Philippe Bacchetta and KennethRogoff,

Journal of Monetary Economics, Volume 56, Issue 4, May 2009, Pages 494-513, PDF

Growth and Risk at the Industry Level: The Real Effects of Financial Liberalization, joint with Andrei Levchenko and Mathias Thoenig, 
Journal 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, PDF, Appendix

 

Financial Liberalization, with Aaron Tornell and Frank Westermann,

New 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 Loayza,

Journal of Money Credit and Banking,Volume 38(4):1051-1076 (2006), PDF

 

 Decomposing the Effects of Financial Liberalization: Growth vs. Crises, joint with Aaron Tornell and Frank Westermann,

Journal 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