Financial Crises: Explanations, Types, and Implications; by Stijn Claessens and M. Ayhan Kose; imf working Paper 13/28; January 1, 2013



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Responses, forthcoming. 

 

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Risk-taking,” IMF Working Papers 10/276, International Monetary Fund. 

 

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Bank Risk-Taking,” IMF Staff Position Note, SDN/10/09. 

 

Demirgüç-Kunt, A., E. J. Kane, and L. Laeven, 2008, “Determinants of Deposit-insurance 



Adoption and Design,” Journal of Financial Intermediation, Vol. 17, No. 3, 

pp. 407-38. 

 

Dewatripont, M., and J. Tirole, 1994, The Prudential Regulation of Banks, MIT Press. 



 

Diamond, D., and R. Rajan, 2001, “Banks, Short-term Debt, and Financial  Crises:  Theory, 

Policy Implications and Applications,” Carnegie-Rochester Conference Series

Vol. 54, pp. 37-71. 

 

Diamond, D., and P. Dybvig, 1983, “Bank Runs, Deposit Insurance, and Liquidity,” Journal 



of Political Economics, Vol. 91, pp.401–19. 

 

Diether, K., C. J. Malloy, and A. Scherbina, 2002, “Differences of Opinion and the Cross-



Section of Stock Returns,” Journal of Finance, Vol. 57, No. 5.  

 

Eaton, J., and R. Fernandez, 1995, “Sovereign Debt,” in the Handbook of International 



Economics, G.M. Grossman and K. Rogoff, eds., Vol. 3, Chapter 3, pp. 2031-077.  

 

Eaton, J., and M. Gersovitz, 1981, “Debt with Potential Repudiation: Theoretical and 



Empirical Analysis,” The Review of Economic Studies, Vol. 48, No. 2, pp. 289-309. 

 

Edwards, S., 1984, “The Demand for International Reserves and Monetary Equilibrium: 



Some Evidence from Developing Countries,” The Review of Economics and 

Statistics, MIT Press, Vol. 66, No. 3, pp. 495-500. 

 

Eichengreen, B., 2002, Financial Crises: And What To Do About Them, Oxford University 



Press.  

 

Eichengreen, B., A. K. Rose, and C. Wyplosz, 1996, “Speculative Attacks on Pegged 



Exchange Rates: An Empirical Exploration with Special Reference to the European 

Monetary System,” in M.B. Canzoneri, P.R. Masson, and V.U. Grilli, eds., 



Transatlantic economic issues (Cambridge University Press, Cambridge, UK). 

 



 47 

Eichengreen, B., and R. Hausmann, 1999, “Exchange Rates and Financial Fragility,” 



Proceedings, Federal Reserve Bank of Kansas City, pages 329-68. 

 

Evanoff, D. D., G. G. Kaufman, A. G. Malliaris, 2012, New Perspectives on Asset Price 



Bubbles, Oxford University Press.  

 

Fama, E. F., 1998, “Market Efficiency, Long-term Returns, and Behavioral Finance,” 



Journal of Financial Economics, Vol. 49, pp. 283-306.  

 

Farhi, E., and J. Tirole, 2012, “Collective Moral Hazard, Maturity Mismatch, and Systemic 



Bailouts,” American Economic Review, Vol. 102, No. 1, pp. 60-93. 

 

Feldstein, M. 2009, “Rethinking the Role of Fiscal Policy,” American Economic Review



Vol. 99, No. 2, pp. 556-59. 

 

Fisher, I., 1933, “The Debt Deflation Theory of Great Depressions” Econometrica, Vol 1, 



pp. 337-57. 

 

Flood, R., and N. P. Marion, 1997, “Policy Implications of "Second-Generation" Crisis 



Models,” IMF Staff Papers, Vol.44, No.3, pp.383-90. 

 

Flood, R., and P. Garber, 1984, “Collapsing Exchange-Rate Regimes: Some Linear 



Examples,” Journal of International Economics, Vol.17, pp. 1-13 

 

Forbes, K. J. 2012, “The Big “C”: Identifying and Mitigating Contagion,” Proceedings 2012 




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