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CoCo issuance and bank fragility

A series of papers by Stefan Avdjiev, Bilyana Bogdanova, Patrick Bolton, Wei Jiang, and Anastasia Kartasheva on this topic is highly recommended.

Global Economy

Interviews

Branko Milanovic Cover 1

Global Inequality and Kuznets Waves | Q&A with Branko Milanovic |

Welcome to the latest installment of our interview series “Where is the General Theory of the 21st Century?” “Where is the General Theory of the...

How to use Interest on Reserve for Inflation Targeting? | Q&A with Ricardo Reis...

This is the eighth installment of our interview series “Where is the General Theory of the 21st Century?” In this installment, we continue our talk...

How Household Debt affect the Global Business Cycles | Q&A with Atif Mian |

In this installment of the interview, Professor Mian explains the major findings in his recent research paper "Household Debt and Business Cycles World Wide" and the important implications of that paper.

How to Maintain Prosperity for All | Interview with Roger Farmer

Roger Farmer explains : Why central banks should consider stock market intervention in stabilizing the employment markets?