Romain Rancière Research

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Working Papers

Inequality, Leverage and Crises, with Michael Kumhof and Pablo Winant, PDF CodesLong WP version :  PDF

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  


The Financial Crisis: Lessons for International Macroeconomics, AEJ Macro, forthcoming, joint with Bussiere, M., Imbs, J., Kollman, R.

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 Tornell,

 I.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 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,    PDFAppendix Data_Codes


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 Data_Codes


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