Access Statistics for Michael Mercier Hutchison

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Working Paper File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs 0 0 0 308 0 0 1 757
A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs 0 0 0 212 1 1 3 530
A cure worse than the disease? currency crises and the output costs of IMF-supported stabilization programs 0 0 0 6 0 0 0 122
Are All Banking Crises Alike? The Japanese Experience in International Comparison 0 0 0 1 0 0 3 556
Are All Banking Crises Alike? The Japanese Experience in International Comparison 0 0 0 619 0 0 2 1,720
Are all banking crises alike? The Japanese experience in international comparison 0 0 0 407 0 1 4 1,058
Asset price fluctuations in Japan: what role for monetary policy? 0 0 0 1 0 0 1 298
Asymmetries and state dependence: the impact of macro surprises on intraday exchange rates 0 0 1 65 0 0 1 204
Banking and Currency Crises: How Common Are The Twins? 2 2 3 99 3 3 4 277
Banking and Currency Crises: How Common Are Twins? 0 0 2 1,257 2 2 7 4,293
Banking and Currency Crises: How Common are Twins? 0 0 0 1 0 0 7 815
Banking and currency crises: how common are twins? 8 8 15 644 9 12 35 1,558
Capital Controls and Exchange Rate Instability in Developing Countries 0 0 0 0 0 0 1 491
Capital controls and exchange rate instability in developing economies 0 0 0 28 0 1 1 106
Central Bank Institutional Design and the Output Cost of Disinflation: Did the 1989 New Zealand Reserve Bank Act Affect the Inflation-Output Tradeoff? 0 0 0 0 0 0 1 366
Central bank institutional design and the output cost of disinflation: did the 1989 New Zealand Reserve Bank Act affect the output-inflation tradeoff? 0 0 0 0 1 2 2 371
Central bank secrecy and money surprises: international evidence 0 0 0 0 0 0 0 410
China’s Financial Linkages with Asia and the Global Financial Crisis 0 0 0 139 0 0 1 230
Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis 1 1 2 104 1 3 4 257
Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis 0 1 2 29 0 1 3 82
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 0 188 0 0 0 648
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 0 9 0 0 0 80
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 0 5 0 0 1 82
Currency Crises, Capital Account Liberalization, and Selection Bias 0 1 1 12 0 1 2 85
Currency crises 0 0 7 231 1 5 19 551
Currency crises, capital account liberalization, and selection bias 0 0 0 19 1 1 2 96
Do Both U.S. and Foreign Macro Surprises Matter for the Intraday Exchange Rate? Evidence from Japan 0 0 0 31 0 1 1 120
Do Sound Public Finances Require Fiscal Rules Or Is Market Pressure Enough? 0 0 0 36 0 0 1 118
Does exchange rate appreciation 'deindustrialize' the open economy? a critique of U.S. evidence 0 0 0 0 0 0 1 450
Dove or Hawk? characterizing monetary regime switches during financial liberalization in India 0 1 1 65 0 4 4 137
ECB Foreign Exchange Intervention and the Euro: Institutional Framework, News and Intervention 0 0 0 574 0 0 0 1,512
Effectiveness of Capital Controls in India: Evidence from the Offshore NDF Market 0 1 1 71 0 2 4 265
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 0 7 0 0 0 60
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 1 203 0 1 3 608
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 0 1 1 1 1 47
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 0 3 0 0 0 52
Effectiveness of official daily foreign exchange market intervention operations in Japan 0 0 0 8 0 0 1 60
Estimating a Monetary Policy Rule for India 0 0 3 153 0 0 10 340
Estimating a monetary policy rule for India 0 0 4 35 0 1 12 130
European Banking Distress and EMU: Institutional and Macroeconomic Risks 0 0 0 298 1 1 2 585
Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects 0 0 0 5 0 0 0 37
Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects 0 0 0 5 0 0 0 51
Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects 0 0 0 175 0 1 1 627
Evaluating Foreign Exchange Market Intervention: Self-selection, Counterfactuals and Average Treatment Effects 0 0 0 61 0 0 0 290
Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis 0 2 2 20 2 4 4 89
Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis 0 0 0 80 1 2 2 268
Exchange Rates, Non-Traded Goods and the Terms-of-Trade: An Empirical Application for New Zealand 0 0 0 0 0 0 1 429
Exchange rates, non-traded goods and the terms-of-trade: an empirical application for New Zealand 0 0 0 0 0 0 1 492
Fiscal and Monetary Policies and the Cost of Sudden Stops 0 0 0 145 0 1 1 530
Fiscal constraints and incentives with monetary coordination: implications for Europe 1992 0 0 0 0 0 0 0 176
Fiscal policy in monetary unions: implications for Europe 0 0 0 0 0 0 1 264
Foreign Exchange Intervention and Monetary Policy in Japan, 2003-04 0 0 0 247 0 1 1 572
Foreign Exchange Intervention and Monetary Policy in Japan, 2003-2004 0 0 0 129 0 0 0 253
Foreign reserve and money dynamics with asset portfolio adjustment: international evidence 0 0 0 0 0 0 0 2,209
How Bad Are Twins? Output Costs of Currency and Banking Crises 0 0 0 424 0 0 2 991
How bad are twins? output costs of currency and banking crises 2 2 2 26 2 3 3 107
Indian Capital Control Liberalization: Evidence from NDF Markets 0 0 0 108 0 0 0 423
Indian Capital Control Liberalization: Evidence from NDF Markets 0 0 0 7 0 1 2 91
Indian Capital Control Liberalization: Evidence from NDF Markets 0 0 0 42 0 0 1 170
Indian capital control liberalization: Evidence from NDF markets 0 0 0 29 0 0 0 184
India’s trilemma: financial liberalization, exchange rates and monetary policy 0 0 1 146 0 0 4 305
Inflation Targeting and Real Exchange Rates in Emerging Markets 0 0 1 262 0 0 1 768
Inflation Targeting and Real Exchange Rates in Emerging Markets 0 0 0 133 0 1 1 348
Inflation Targeting and Real Exchange Rates in Emerging Markets* 0 0 0 26 0 3 4 148
Is Foreign Exchange Market Intervention an Alternative to Monetary Policy? Evidence from Japan 0 0 0 263 0 0 0 597
Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market 0 0 0 0 0 1 1 363
Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach 0 0 1 916 0 0 4 3,356
Is pegging the exchange rate a cure for inflation? East Asian experiences 0 0 0 0 0 0 1 1,025
Lessons from financial crisis: the Japanese case 0 0 0 0 0 0 1 34
Long-term international capital mobility: new evidence from equilibrium real interest rate linkages 0 0 0 0 0 0 0 279
Macroeconomic effects of IMF-sponsored programs in Latin America: output costs, program recidivism and the vicious cycle of failed stabilizations 0 1 1 376 0 3 6 1,209
Manufacturing sector resiliency to energy booms: Empirical evidence from Norway, the Netherlands and the United Kingdom 0 0 2 132 0 0 2 387
Monetary \"targeting\" in Japan and the U.S.: which is more accurate? 0 0 0 0 1 1 2 216
Monetary control, interest rates and exchange rates: the case of Japan, 1973-1986 0 0 0 0 1 1 5 667
Monetary policy, intervention, and exchange rates in Japan 0 0 0 2 0 0 1 1,115
Navigating the Trilemma: Capital Flows and Monetary Policy in China 0 0 0 341 0 0 0 1,117
Navigating the trilemma: capital flows and monetary policy in China 0 0 1 253 0 0 1 590
New results in support of the fiscal policy ineffectiveness proposition 0 0 0 0 1 1 4 640
Political business cycles in a parliamentary setting: the case of Japan 0 0 0 0 0 1 4 162
Predicting Banking Crises: Japan's Financial Crisis in International Comparison 0 0 0 49 1 1 4 160
Rational expectations and the Fisher effect: implications of monetary regime shifts 0 0 0 0 0 0 0 623
Real and financial adjustments to fiscal deficits in growing open economies 0 0 0 0 0 0 0 128
Real and financial linkages in the macroeconomic response to budget deficits: an empirical investigation 0 0 0 0 0 0 0 152
Selection Bias and the Output Costs of IMF Programs 0 0 3 154 2 4 10 645
Should the Nordic Countries Join A European Monetary Union? An Empirical Analysis 0 0 1 244 0 2 3 841
Stopping "Hot Money" or Signaling Bad Policy? Capital Controls and the Onset of Currency Crises 0 0 2 457 0 1 4 1,205
Structural change and the macroeconomic effects of oil shocks: empirical evidence from the United States and Japan 0 0 0 0 0 0 1 412
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 6 0 0 0 104
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 300 0 2 3 885
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 7 0 0 0 123
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 16 0 0 1 145
Sudden stops and the Mexican wave: currency crises, capital flow reversals and output loss in emerging markets 0 0 0 2 0 1 3 66
The 'German View' and Consumption Booms: Empirical Evidence from Denmark 0 0 0 72 0 0 0 827
The 'German View', Fiscal Consolidation and Consumption Booms: Empirical Evidence from Denmark 0 0 0 0 0 0 0 246
The Costs of EMU and Economic Convergence 0 0 0 0 1 2 2 500
The Great Japanese Stagnation: Lessons for Industrial Countries 0 0 0 202 0 0 1 602
The Transmission of Federal Reserve Tapering News to Emerging Financial Markets 0 0 0 104 0 2 4 177
The Transmission of Federal Reserve Tapering News to Emerging Financial Markets 0 1 2 172 1 6 14 397
The illusive quest: do international capital controls contribute to currency stability? 0 0 0 79 2 2 4 187
The real interest rate/budget deficit link: international evidence, 1973-82 0 0 0 0 0 0 0 551
Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis 0 0 0 207 0 1 2 544
U.S.-Japanese bilateral trade and the yen-dollar exchange rate: an empirical analysis 0 0 0 2 1 1 2 1,127
What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk 0 0 1 207 0 0 3 553
What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk 0 0 1 63 0 0 6 234
Total Working Papers 13 21 64 12,565 37 94 274 53,540


Journal Article File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Brief Review of Literature on the Effectiveness of International Capital Controls 0 0 0 0 1 1 2 74
A model central bank? 0 0 0 10 1 1 1 51
A monetary cure for the high dollar? 0 0 0 1 1 1 1 56
A single market for Europe? 0 0 0 16 1 1 1 117
Are All Banking Crises Alike? The Japanese Experience in International Comparison 0 0 0 58 0 1 1 244
Asset Price Fluctuations in Japan: What Role for Monetary Policy? 0 0 0 7 0 0 2 27
Asymmetries and state dependence: The impact of macro surprises on intraday exchange rates 0 0 0 25 0 0 0 118
Banking and currency crises; how common are twins? 0 0 1 465 1 2 7 1,316
Budget deficits, exchange rates and the current account: theory and U. S. evidence 0 0 0 266 0 1 2 719
Budget rules and monetary union in Europe 0 0 0 21 1 1 1 69
Capital controls and exchange rate instability in developing economies 0 0 2 172 0 0 7 541
Capital controls and exchange rate stability in developing countries 0 0 0 118 0 1 3 266
Central Bank Secrecy and Money Surprises: International Evidence 0 0 1 13 0 0 1 101
Central bank credibility and disinflation in New Zealand 0 0 0 65 0 0 0 236
China's financial linkages with Asia and the global financial crisis 0 0 1 19 1 1 3 134
Controlling capital? Legal restrictions and the asset composition of international financial flows 0 0 0 186 0 0 2 592
Coordinating policies with Japan 0 0 0 5 0 0 0 40
Credibilidad, desinflación y contratos del Banco Central: ¿Qué se ha cumplido de la ley del Banco de la Reserva Federal en Nueva Zelanda? 0 0 0 15 0 0 0 133
Credit ratings and the pricing of sovereign debt during the euro crisis 0 0 0 34 0 1 2 244
Currency Crises, Capital-Account Liberalization, and Selection Bias 0 0 5 285 0 0 9 807
DEPOSIT GUARANTEES AND THE BURST OF THE JAPANESE BUBBLE ECONOMY 0 0 0 20 1 1 2 115
Deficits and financial change in the Pacific Basin 0 0 0 3 0 0 1 30
Divine intervention? 0 0 0 21 0 0 0 97
Does Exchange Rate Appreciation 'Deindustrialize' the Open Economy? A Critique of U.S. Evidence 0 0 0 0 0 0 0 190
Dove or Hawk? Characterizing monetary policy regime switches in India 0 0 2 40 0 0 4 230
ECB Foreign Exchange Intervention and the EURO: Institutional Framework, News, and Intervention 0 0 1 92 1 1 6 438
Early warning indicators of banking sector distress 0 0 0 222 0 0 0 391
Economic integration and fiscal policy transmission: implications for Europe in 1992 and beyond 0 0 0 10 0 0 1 150
Economic stabilization in the post-crisis world: Are fiscal rules the answer? 1 5 9 91 1 6 33 255
Effectiveness of Capital Controls in India: Evidence from the Offshore NDF Market 0 0 0 39 0 0 1 204
Effectiveness of official daily foreign exchange market intervention operations in Japan 1 1 2 114 5 5 11 460
Empirical Evidence on the Efficacy of Capital Controls: A Summary Evaluation 0 0 0 0 0 0 1 85
Empirical evidence on the insulation properties of fixed and flexible exchange rates: The Japanese experience 0 0 0 74 0 0 3 252
Equilibrium Real Interest Rate Linkages: The United States and Japan 0 0 0 62 0 0 2 339
Estimating the Fisher Effect and the Stochastic Money Growth Process 0 0 0 0 0 0 0 130
Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects 1 1 1 101 2 2 5 249
Exchange Rates, Non-traded Goods and the Terms of Trade: An Empirical Application for New Zealand 0 0 0 0 0 0 0 183
Exchange market pressure and absorption by international reserves: Emerging markets and fear of reserve loss during the 2008–2009 crisis 1 1 9 114 1 4 31 337
Exchange rate policy and interdependence: perspectives from Pacific Basin countries: a conference sponsored by the Center for Pacific Basin Studies, Federal Reserve Bank of San Francisco, September 16-18, 1992 0 0 0 0 0 0 1 48
Exchange rate policy in Pacific Basin countries: a conference sponsored by the Center for Pacific Basin Studies, Federal Reserve Bank of San Francisco, September 16-18, 1992 0 0 0 0 0 0 0 125
Exchange rates and monetary policy 0 0 0 37 0 1 1 371
Expansionary Fiscal Contractions: Re-evaluating the Danish Case 0 0 1 25 0 1 3 113
Export crowding out 0 0 0 33 1 1 1 120
Export promoting development strategies 0 0 0 28 0 0 0 104
FDI and Technology Intensive Exports in India 0 0 0 1 0 1 2 419
Financial crises and bank supervision: new directions for Japan? 0 0 0 149 0 0 0 409
Financial effects of budget deficits in the Pacific Basin 0 0 0 0 0 0 0 29
Financial liberalization in the Pacific Basin: Implications for real interest rate linkages 0 0 0 60 0 0 1 227
Financial market changes and regulatory reforms in Pacific Basin countries: an overview 0 0 0 0 0 0 0 42
Financing current account deficits 0 0 0 42 2 2 3 113
Fiscal and monetary policies and the cost of sudden stops 0 0 0 69 0 0 1 295
Fiscal policy in monetary unions: Implications for Europe 0 0 0 23 0 0 0 88
Foreign exchange intervention and monetary policy in Japan, 2003–04 0 0 0 15 0 0 0 90
Foreign reserve and money dynamics with asset portfolio adjustment: international evidence 0 0 0 107 0 0 0 328
How Bad Are Twins? Output Costs of Currency and Banking Crises 0 0 0 0 0 0 2 640
How costly are IMF stabilization programs? 0 0 0 90 0 0 0 209
Impact of macro-economic surprises on carry trade activity 0 0 1 33 1 1 6 136
India’s Trilemma: Financial Liberalisation, Exchange Rates and Monetary Policy 0 0 1 182 1 1 4 627
Inflation Targeting and Real Exchange Rates in Emerging Markets 0 0 2 200 12 13 31 764
Interdependence: U.S. and Japanese real interest rates 0 0 0 20 0 0 1 104
Intervention, deficit finance and real exchange rates: the case of Japan 0 0 0 23 0 0 0 118
Is Intervention a Signal of Future Monetary Policy? Evidece from the Federal Funds Futures Market 0 0 0 3 2 2 2 216
Is official foreign exchange intervention effective? 0 0 0 46 0 0 0 144
Is sterilised foreign exchange intervention effective after all? an event study approach 0 0 0 183 0 0 3 641
Japan's \"money focused\" monetary policy 0 0 0 23 0 0 1 809
Japan's experience with flexible exchange rates 0 0 0 27 0 1 1 190
Japan's recession: is the liquidity trap back? 0 0 0 323 0 0 2 805
Korea and export-led growth 0 0 1 77 1 2 4 232
Macroeconomic effects of IMF-sponsored programs in Latin America: output costs, program recidivism and the vicious cycle of failed stabilizations 0 0 5 119 0 1 12 407
Manufacturing Sector Resiliency to Energy Booms: Empirical Evidence from Norway, the Netherlands, and the United Kingdom 0 0 1 167 1 3 5 379
McKinnon's world money hypothesis: comment 0 0 0 0 0 0 0 51
Misaligned dollar 0 0 0 5 1 1 1 56
Monetary announcements: the Bank of Japan and the Fed 0 0 0 8 0 0 0 68
Monetary control with an exchange rate objective: The bank of Japan, 1973-86 0 0 0 33 0 0 0 144
Monetary policy and LDC debt 0 0 0 15 0 0 0 77
Monetary policy in the Pacific Basin 0 0 0 2 0 0 0 37
Monetary policy, intervention, and exchange rates in Japan 0 0 0 0 0 0 1 135
Monetary policy, intervention, and exchange rates in Japan 0 0 0 0 1 1 2 101
Money and the Fisher effect 0 0 0 24 0 0 0 107
Navigating the trilemma: Capital flows and monetary policy in China 0 0 1 149 0 1 6 428
New Results in Support of the Fiscal Policy Ineffectiveness Proposition 0 0 1 35 0 0 2 180
Official Japanese intervention in foreign exchange markets: Leaning against the wind? 0 0 0 29 1 1 2 86
Ominous trade winds 0 0 0 2 0 0 1 60
Output Costs of Currency and Balance of Payments Crises in Emerging Markets 0 0 0 18 2 2 4 105
Political Business Cycles with Endogenous Election Timing: Evidence from Japan 1 1 1 90 2 2 7 294
Structural change and the macroeconomic effects of oil shocks: empirical evidence from the United States and Japan 0 0 0 76 0 0 0 200
Sudden stops and the Mexican wave: Currency crises, capital flow reversals and output loss in emerging markets 1 1 1 216 1 3 6 706
Swaps 0 0 0 128 2 2 5 240
The European currency crisis 0 0 0 482 0 0 0 1,436
The Output-Inflation Tradeoff and Central Bank Reform: Evidence from New Zealand 0 0 0 125 0 0 0 428
The bank of Japan's response to elections 0 0 0 12 0 0 1 40
The dollar and manufacturing output 0 0 0 4 0 0 0 46
The dollar and policy options 0 0 0 1 0 0 0 38
The emerging global financial architecture and exchange rate regimes in a volatile world 1 1 2 37 1 2 4 104
The illusive quest: Do international capital controls contribute to currency stability? 0 0 0 26 0 0 0 165
The real interest rate/budget deficit link: international evidence 1973- 82 0 0 0 184 0 1 3 561
The response of the Bank of Japan to macroeconomic and financial change 0 0 0 0 0 0 2 55
Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling-recoupling hypothesis 0 0 0 182 0 3 5 584
U.S. budget deficits and the real value of the dollar 2 2 2 151 2 2 4 815
U.S. intervention policy 0 0 0 11 0 0 0 72
Understanding Global Liquidity in a Volatile World 0 0 0 21 0 1 1 69
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of risk 1 2 15 307 7 21 51 1,037
What makes a central bank credible? 0 0 0 24 1 1 1 93
World money 0 0 0 8 0 0 0 66
Total Journal Articles 10 15 69 7,294 60 105 342 28,046


Book File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
Financial Policy and Central Banking in Japan 0 0 0 0 0 0 3 432
The Political Economy of Japanese Monetary Policy 0 0 0 0 0 1 11 475
Total Books 0 0 0 0 0 1 14 907


Chapter File Downloads Abstract Views
Last month 3 months 12 months Total Last month 3 months 12 months Total
A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs 0 0 0 82 0 0 2 298
International Financial Markets and Transmission of the Crisis: Determinants of Exchange Market Pressure and Absorption by International Reserves 0 0 1 3 0 1 3 22
Total Chapters 0 0 1 85 0 1 5 320


Statistics updated 2025-03-03