Access Statistics for Michael Mercier Hutchison

Author contact details at EconPapers.

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 3 9 11 768
A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs 0 0 0 212 2 7 10 540
A cure worse than the disease? currency crises and the output costs of IMF-supported stabilization programs 0 0 0 6 2 7 8 130
Are All Banking Crises Alike? The Japanese Experience in International Comparison 0 0 0 619 0 4 6 1,726
Are All Banking Crises Alike? The Japanese Experience in International Comparison 0 0 0 1 2 6 9 565
Are all banking crises alike? The Japanese experience in international comparison 0 0 0 407 0 4 9 1,067
Asset price fluctuations in Japan: what role for monetary policy? 0 0 0 1 0 0 1 299
Asymmetries and state dependence: the impact of macro surprises on intraday exchange rates 0 0 1 66 3 8 15 219
Banking and Currency Crises: How Common Are The Twins? 0 0 0 99 1 8 17 294
Banking and Currency Crises: How Common Are Twins? 0 0 0 1,257 0 8 10 4,303
Banking and Currency Crises: How Common are Twins? 0 0 0 1 5 12 16 831
Banking and currency crises: how common are twins? 0 0 3 647 1 8 17 1,575
Capital Controls and Exchange Rate Instability in Developing Countries 0 0 0 0 7 12 14 505
Capital controls and exchange rate instability in developing economies 0 0 1 29 1 7 10 116
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 1 5 5 371
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 0 3 7 378
Central bank secrecy and money surprises: international evidence 0 0 0 0 3 5 6 416
China’s Financial Linkages with Asia and the Global Financial Crisis 0 0 0 139 1 6 7 237
Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis 0 0 0 29 2 5 7 89
Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis 0 0 1 105 2 9 19 276
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 0 12 1 4 4 89
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 1 20 1 11 15 111
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 1 189 0 4 6 654
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 0 5 0 9 9 91
Currency Crises, Capital Account Liberalization, and Selection Bias 0 0 0 9 1 21 21 101
Currency crises 0 1 3 234 7 12 21 572
Do Both U.S. and Foreign Macro Surprises Matter for the Intraday Exchange Rate? Evidence from Japan 0 0 0 31 0 7 7 127
Do Sound Public Finances Require Fiscal Rules Or Is Market Pressure Enough? 0 0 0 36 2 5 6 124
Does exchange rate appreciation 'deindustrialize' the open economy? a critique of U.S. evidence 0 0 0 0 1 7 8 458
Dove or Hawk? characterizing monetary regime switches during financial liberalization in India 0 0 0 65 2 5 7 144
ECB Foreign Exchange Intervention and the Euro: Institutional Framework, News and Intervention 0 0 0 574 0 5 8 1,520
Effectiveness of Capital Controls in India: Evidence from the Offshore NDF Market 0 0 1 72 1 14 18 283
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 0 203 1 12 16 624
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 1 8 2 6 8 68
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 0 1 0 4 5 52
Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan 0 0 0 3 0 3 3 55
Effectiveness of official daily foreign exchange market intervention operations in Japan 0 0 1 9 1 5 7 67
Estimating a Monetary Policy Rule for India 0 0 0 153 5 11 15 355
Estimating a monetary policy rule for India 2 2 7 42 6 11 23 153
European Banking Distress and EMU: Institutional and Macroeconomic Risks 0 0 0 298 0 2 2 587
Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects 0 0 0 5 0 3 6 43
Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects 0 0 0 5 0 3 4 55
Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects 0 0 0 175 0 13 15 642
Evaluating Foreign Exchange Market Intervention: Self-selection, Counterfactuals and Average Treatment Effects 0 0 0 61 0 5 8 298
Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis 0 0 2 82 1 14 20 288
Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis 0 0 0 20 1 2 3 92
Exchange Rates, Non-Traded Goods and the Terms-of-Trade: An Empirical Application for New Zealand 0 0 0 0 1 3 5 434
Exchange rates, non-traded goods and the terms-of-trade: an empirical application for New Zealand 0 0 0 0 0 2 2 494
Fiscal and Monetary Policies and the Cost of Sudden Stops 0 0 0 145 0 1 4 534
Fiscal constraints and incentives with monetary coordination: implications for Europe 1992 0 0 0 0 0 5 6 182
Fiscal policy in monetary unions: implications for Europe 0 0 0 0 0 40 44 308
Foreign Exchange Intervention and Monetary Policy in Japan, 2003-04 0 0 0 247 2 6 11 583
Foreign Exchange Intervention and Monetary Policy in Japan, 2003-2004 0 0 0 129 1 8 11 264
Foreign reserve and money dynamics with asset portfolio adjustment: international evidence 0 0 0 0 1 5 5 2,214
How Bad Are Twins? Output Costs of Currency and Banking Crises 0 1 1 425 1 8 11 1,002
How bad are twins? output costs of currency and banking crises 0 0 0 26 1 7 11 118
Indian Capital Control Liberalization: Evidence from NDF Markets 0 0 0 7 0 5 6 97
Indian Capital Control Liberalization: Evidence from NDF Markets 0 0 0 42 1 5 8 178
Indian Capital Control Liberalization: Evidence from NDF Markets 0 0 0 108 3 8 11 434
Indian capital control liberalization: Evidence from NDF markets 0 0 0 29 1 3 4 188
India’s trilemma: financial liberalization, exchange rates and monetary policy 1 1 2 148 3 8 13 318
Inflation Targeting and Real Exchange Rates in Emerging Markets 0 1 2 135 0 5 13 361
Inflation Targeting and Real Exchange Rates in Emerging Markets 0 0 2 264 1 9 20 788
Inflation Targeting and Real Exchange Rates in Emerging Markets* 0 0 0 26 1 4 5 153
Is Foreign Exchange Market Intervention an Alternative to Monetary Policy? Evidence from Japan 0 0 0 263 3 12 15 612
Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market 0 0 0 0 0 3 7 370
Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach 0 0 1 917 2 8 11 3,367
Is pegging the exchange rate a cure for inflation? East Asian experiences 0 0 0 0 1 8 8 1,033
Lessons from financial crisis: the Japanese case 0 0 0 0 0 3 5 39
Long-term international capital mobility: new evidence from equilibrium real interest rate linkages 0 0 0 0 0 5 5 284
Macroeconomic effects of IMF-sponsored programs in Latin America: output costs, program recidivism and the vicious cycle of failed stabilizations 0 0 0 376 0 5 8 1,217
Manufacturing sector resiliency to energy booms: Empirical evidence from Norway, the Netherlands and the United Kingdom 0 0 0 132 0 6 9 396
Monetary \"targeting\" in Japan and the U.S.: which is more accurate? 0 0 0 0 1 4 6 222
Monetary control, interest rates and exchange rates: the case of Japan, 1973-1986 0 0 0 0 0 4 4 671
Monetary policy, intervention, and exchange rates in Japan 0 0 0 2 0 5 6 1,121
Navigating the Trilemma: Capital Flows and Monetary Policy in China 0 0 0 341 0 12 15 1,132
Navigating the trilemma: capital flows and monetary policy in China 0 0 2 255 0 7 14 604
New results in support of the fiscal policy ineffectiveness proposition 0 0 0 0 1 8 14 654
Political business cycles in a parliamentary setting: the case of Japan 0 0 0 0 1 3 5 167
Predicting Banking Crises: Japan's Financial Crisis in International Comparison 0 0 0 49 5 10 13 173
Rational expectations and the Fisher effect: implications of monetary regime shifts 0 0 0 0 2 4 8 631
Real and financial adjustments to fiscal deficits in growing open economies 0 0 0 0 0 1 1 129
Real and financial linkages in the macroeconomic response to budget deficits: an empirical investigation 0 0 0 0 0 1 2 154
Selection Bias and the Output Costs of IMF Programs 0 0 0 154 2 12 17 662
Should the Nordic Countries Join A European Monetary Union? An Empirical Analysis 0 0 0 244 0 3 3 844
Stopping "Hot Money" or Signaling Bad Policy? Capital Controls and the Onset of Currency Crises 0 0 1 458 4 7 12 1,217
Structural change and the macroeconomic effects of oil shocks: empirical evidence from the United States and Japan 0 0 0 0 4 8 11 423
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 16 0 6 10 155
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 300 1 5 12 897
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 0 6 1 5 5 109
Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets 0 0 1 8 1 6 7 130
Sudden stops and the Mexican wave: currency crises, capital flow reversals and output loss in emerging markets 0 0 0 2 0 6 9 75
The 'German View' and Consumption Booms: Empirical Evidence from Denmark 0 0 0 72 0 2 4 831
The 'German View', Fiscal Consolidation and Consumption Booms: Empirical Evidence from Denmark 0 0 0 0 1 6 7 253
The Costs of EMU and Economic Convergence 0 0 0 0 4 7 8 508
The Great Japanese Stagnation: Lessons for Industrial Countries 0 0 0 202 0 2 5 607
The Transmission of Federal Reserve Tapering News to Emerging Financial Markets 0 0 0 104 0 6 8 185
The Transmission of Federal Reserve Tapering News to Emerging Financial Markets 0 0 0 172 2 8 19 416
The illusive quest: do international capital controls contribute to currency stability? 0 0 0 79 1 8 10 197
The real interest rate/budget deficit link: international evidence, 1973-82 0 0 0 0 1 3 4 555
Transmission of the U.S. Subprime Crisis to Emerging Markets: Evidence on the Decoupling-Recoupling Hypothesis 0 0 0 207 3 37 41 585
U.S.-Japanese bilateral trade and the yen-dollar exchange rate: an empirical analysis 0 0 0 2 0 6 7 1,134
What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk 0 0 0 63 0 6 8 242
What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk 0 0 2 209 1 6 14 567
Total Working Papers 3 6 37 12,602 128 727 1,036 54,576


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 2 5 5 79
A model central bank? 0 0 0 10 0 3 5 56
A monetary cure for the high dollar? 0 0 0 1 2 4 5 61
A single market for Europe? 0 0 0 16 1 3 4 121
Are All Banking Crises Alike? The Japanese Experience in International Comparison 0 0 0 58 2 10 14 258
Asset Price Fluctuations in Japan: What Role for Monetary Policy? 0 0 0 7 1 4 6 33
Asymmetries and state dependence: The impact of macro surprises on intraday exchange rates 0 0 0 25 2 5 8 126
Budget deficits, exchange rates and the current account: theory and U. S. evidence 0 0 0 266 3 8 10 729
Budget rules and monetary union in Europe 0 0 0 21 2 3 5 74
Capital controls and exchange rate instability in developing economies 0 0 1 173 1 7 18 559
Capital controls and exchange rate stability in developing countries 1 1 2 120 2 7 10 276
Central Bank Secrecy and Money Surprises: International Evidence 0 0 0 13 1 5 6 107
Central bank credibility and disinflation in New Zealand 0 0 0 65 1 4 5 241
China's financial linkages with Asia and the global financial crisis 0 0 0 19 0 8 13 147
Controlling capital? Legal restrictions and the asset composition of international financial flows 0 0 1 187 3 10 15 607
Coordinating policies with Japan 0 0 0 5 0 2 4 44
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 1 4 4 137
Credit ratings and the pricing of sovereign debt during the euro crisis 0 0 0 34 0 4 13 257
Currency Crises, Capital-Account Liberalization, and Selection Bias 0 0 3 288 2 15 24 831
DEPOSIT GUARANTEES AND THE BURST OF THE JAPANESE BUBBLE ECONOMY 0 0 0 20 1 6 11 126
Deficits and financial change in the Pacific Basin 0 0 0 3 0 1 1 31
Divine intervention? 0 0 0 21 3 6 6 103
Does Exchange Rate Appreciation 'Deindustrialize' the Open Economy? A Critique of U.S. Evidence 0 0 0 0 1 4 4 194
Dove or Hawk? Characterizing monetary policy regime switches in India 0 0 0 40 2 4 12 242
ECB Foreign Exchange Intervention and the EURO: Institutional Framework, News, and Intervention 0 0 0 92 1 7 10 448
Early warning indicators of banking sector distress 0 0 0 222 2 7 8 399
Economic integration and fiscal policy transmission: implications for Europe in 1992 and beyond 0 0 0 10 3 7 7 157
Economic stabilization in the post-crisis world: Are fiscal rules the answer? 1 2 7 98 2 11 29 284
Effectiveness of Capital Controls in India: Evidence from the Offshore NDF Market 1 1 3 42 2 8 17 221
Effectiveness of official daily foreign exchange market intervention operations in Japan 3 3 5 119 5 11 18 478
Empirical Evidence on the Efficacy of Capital Controls: A Summary Evaluation 0 0 0 0 0 2 4 89
Empirical evidence on the insulation properties of fixed and flexible exchange rates: The Japanese experience 0 0 0 74 1 2 6 258
Equilibrium Real Interest Rate Linkages: The United States and Japan 0 0 1 63 1 6 8 347
Estimating the Fisher Effect and the Stochastic Money Growth Process 0 0 0 0 1 4 4 134
Evaluating foreign exchange market intervention: Self-selection, counterfactuals and average treatment effects 0 0 0 101 1 11 13 262
Exchange Rates, Non-traded Goods and the Terms of Trade: An Empirical Application for New Zealand 0 0 0 0 3 10 11 194
Exchange market pressure and absorption by international reserves: Emerging markets and fear of reserve loss during the 2008–2009 crisis 0 2 11 125 3 13 35 372
Exchange rates and monetary policy 0 0 0 37 1 3 10 381
Expansionary Fiscal Contractions: Re-evaluating the Danish Case 0 0 0 25 3 10 13 126
Export crowding out 0 0 0 33 1 4 7 127
Export promoting development strategies 0 0 0 28 1 3 7 111
Financial crises and bank supervision: new directions for Japan? 0 0 0 149 0 3 5 414
Financial liberalization in the Pacific Basin: Implications for real interest rate linkages 0 0 0 60 0 10 11 238
Financing current account deficits 0 0 1 43 0 1 5 118
Fiscal and monetary policies and the cost of sudden stops 0 0 0 69 2 7 10 305
Fiscal policy in monetary unions: Implications for Europe 0 0 0 23 1 7 13 101
Foreign exchange intervention and monetary policy in Japan, 2003–04 0 0 0 15 4 9 12 102
Foreign reserve and money dynamics with asset portfolio adjustment: international evidence 0 0 0 107 6 11 16 344
How Bad Are Twins? Output Costs of Currency and Banking Crises 0 0 0 0 0 3 11 651
How costly are IMF stabilization programs? 0 0 0 90 0 0 2 211
Impact of macro-economic surprises on carry trade activity 0 0 1 34 2 10 16 152
India’s Trilemma: Financial Liberalisation, Exchange Rates and Monetary Policy 2 2 3 185 3 6 16 643
Inflation Targeting and Real Exchange Rates in Emerging Markets 0 1 3 203 6 20 41 805
Interdependence: U.S. and Japanese real interest rates 0 0 0 20 3 7 7 111
Intervention, deficit finance and real exchange rates: the case of Japan 0 0 2 25 0 5 10 128
Is Intervention a Signal of Future Monetary Policy? Evidece from the Federal Funds Futures Market 0 0 0 3 0 8 13 229
Is official foreign exchange intervention effective? 0 0 0 46 1 3 3 147
Is sterilised foreign exchange intervention effective after all? an event study approach 0 0 0 183 2 6 13 654
Japan's \"money focused\" monetary policy 0 0 0 23 1 8 9 818
Japan's experience with flexible exchange rates 0 0 0 27 3 4 6 196
Japan's recession: is the liquidity trap back? 0 0 1 324 2 4 8 813
Korea and export-led growth 0 0 0 77 2 3 3 235
Macroeconomic effects of IMF-sponsored programs in Latin America: output costs, program recidivism and the vicious cycle of failed stabilizations 0 0 4 123 4 15 32 439
Manufacturing Sector Resiliency to Energy Booms: Empirical Evidence from Norway, the Netherlands, and the United Kingdom 0 0 0 167 2 6 8 387
Misaligned dollar 0 0 0 5 4 6 6 62
Monetary announcements: the Bank of Japan and the Fed 0 0 0 8 0 4 5 73
Monetary control with an exchange rate objective: The bank of Japan, 1973-86 0 0 0 33 2 3 5 149
Monetary policy and LDC debt 0 0 0 15 1 4 6 83
Monetary policy in the Pacific Basin 0 0 0 2 0 1 1 38
Money and the Fisher effect 0 0 0 24 2 4 5 112
Navigating the trilemma: Capital flows and monetary policy in China 0 0 0 149 4 11 16 444
New Results in Support of the Fiscal Policy Ineffectiveness Proposition 0 0 0 35 2 5 6 186
Official Japanese intervention in foreign exchange markets: Leaning against the wind? 0 0 0 29 1 2 4 90
Ominous trade winds 0 1 1 3 0 4 4 64
Output Costs of Currency and Balance of Payments Crises in Emerging Markets 0 1 1 19 0 6 9 114
Political Business Cycles with Endogenous Election Timing: Evidence from Japan 0 0 1 91 2 6 9 303
Structural change and the macroeconomic effects of oil shocks: empirical evidence from the United States and Japan 0 0 0 76 4 6 7 207
Sudden stops and the Mexican wave: Currency crises, capital flow reversals and output loss in emerging markets 1 2 4 220 6 15 27 733
Swaps 0 0 0 128 1 5 6 246
The European currency crisis 0 0 0 482 0 0 3 1,439
The Output-Inflation Tradeoff and Central Bank Reform: Evidence from New Zealand 0 0 0 125 1 8 11 439
The bank of Japan's response to elections 0 0 0 12 0 4 7 47
The dollar and manufacturing output 0 0 0 4 2 7 8 54
The dollar and policy options 0 0 0 1 0 3 4 42
The emerging global financial architecture and exchange rate regimes in a volatile world 0 0 1 38 0 1 4 108
The illusive quest: Do international capital controls contribute to currency stability? 0 0 0 26 1 2 4 169
The real interest rate/budget deficit link: international evidence 1973- 82 0 0 0 184 1 2 3 564
Transmission of the U.S. subprime crisis to emerging markets: Evidence on the decoupling-recoupling hypothesis 1 1 1 183 4 15 23 607
U.S. budget deficits and the real value of the dollar 0 0 0 151 1 7 11 826
U.S. intervention policy 0 0 0 11 1 2 3 75
Understanding Global Liquidity in a Volatile World 0 0 0 21 2 3 3 72
What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of risk 1 2 13 320 4 31 126 1,163
What makes a central bank credible? 0 0 0 24 0 2 3 96
World money 0 0 0 8 0 3 3 69
Total Journal Articles 11 19 71 6,899 154 579 1,017 26,742
10 registered items for which data could not be found


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 4 4 436
The Political Economy of Japanese Monetary Policy 0 0 0 0 0 7 17 492
Total Books 0 0 0 0 0 11 21 928


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 4 9 15 313
International Financial Markets and Transmission of the Crisis: Determinants of Exchange Market Pressure and Absorption by International Reserves 0 1 1 4 1 4 5 27
Total Chapters 0 1 1 86 5 13 20 340


Statistics updated 2026-03-04