Debt and Money: Financial Constraints and Sovereign Finance
Patrick Bolton
CU Global Thought
The Committee on Global Thought. 91 Claremont, Suite 513, New York, NY 10027. (212) 851-7293
Working papers feature new contributions from faculty, post-docs and other collaborators, as well as recently published journal articles from CGT faculty members.
On the “Latin American Decade”
José Antonio Ocampo, Marcos Reis, Eduardo F. Bastian
Cream Skimming in Financial Markets
Patrick Bolton, Tano Santos and Jose Scheinkman
The World Economy and the Great War
Adam Tooze and Ted Fertik
Global Economic and Social Governance and the United Nations System
José Antonio Ocampo
Who Is Afraid of Inflation? The Long Shadow of the 1970s
Adam Tooze
Learning and Industrial Policy: Implications for Africa
Joseph E. Stiglitz and Bruce Greenwald
The Indian Microfinance Crisis: The Role of Social Capital, the Shift to For-Profit Lending and Implications for Microfinance Theory and Practice
Joseph E. Stiglitz and Antara Haldar
Investment, Liquidity, and Financing under Uncertainty
Patrick Bolton, Neng Wang, and Jinqiang Yang
The Good Banker
Patrick Bolton
Machine Tools and Mass Production in the Armaments Boom: Germany and the United States, 1929-44
Cristiano Andrea Ristuccia and Adam Tooze
Capital Account Regulations, Foreign Exchange Pressure, and Crisis Resilience
Bilge Erten and José Antonio Ocampo
International Lending, Sovereign Debt and Joint Liability
Joseph E. Stiglitz and Kaushik Basu
Global Macroeconomic and Financial Governance
José Antonio Ocampo
Emerging Economies and the Reform of the Global Monetary System
José Antonio Ocampo
Should Derivatives be Privileged in Bankruptcy?
Patrick Bolton and Martin Oehmke
The Marginal Value of Cash and Corporate Savings
Patrick Bolton, Huntley Schaller, and Neng Wang
L-Shares: Rewarding Long-term Investors
Patrick Bolton and Frédéric Samama
Crises: Principles and Policies, with an Application to the Eurozone Crisis
Joseph E. Stiglitz
Industrial Policies, the Creation of a Learning Society, and Economic Development
Joseph E. Stiglitz and Bruce Greenwald
Financing Renewable Energy in Developing Countries: Mechanisms and Responsibilities
Stephany Griffith-Jones, José Antonio Ocampo, and Stephen Pratt
Monetary Policy in a Multi-Polar World
Joseph E. Stiglitz
Executive Compensation and Risk Taking
Patrick Bolton, Hamid Mehran, and Joel Shapiro
Subsidiary Divestiture and Acquisition in a Financial Crisis: Operational Focus, Financial Constraints, and Ownership
Yue Maggie Zhou, Xiaoyang Li, and Jan Svejnar
Outside and Inside Liquidity
Patrick Bolton, Tano Santos and Jose A. Scheinkman
Reassessing the Moral Economy of Post-war Reconstruction: The Terms of the West German Settlement in 1952
Adam Tooze
Global Governance for Financial Stability and Development
Stephany Griffith-Jones and José Antonio Ocampo
Business Environment, Exports, Ownership, and Firm Performance
Simon Commander and Jan Svejnar
Maximizing Autonomy in the Shadow of Great Powers: The Political Economy of Sovereign Wealth Funds
Katharina Pistor and Kyle Hatton
Towards an International Green Fund
Patrick Bolton, Roger Guesnerie, and Frederic Samama
The Dynamics of Optimal Risk Sharing
Patrick Bolton and Christopher Harris
International Financial Architecture: Seen Through the Lense of Economic Crisis
Stephany Griffith Jones and José Antonio Ocampo
Rethinking Global Economic and Social Governance
José Antonio Ocampo
The Effects of Privatization and Ownership in Transition Economies
Saul Estrin, Jan Hanousek, Evzen Kocenda, and Jan Svejnar
The Global Trade Architecture and the Developing World
Martin Khor and José Antonio Ocampo
Impactos de la Financiera Mundial (The Impact of the World Financial Crisis on Latin America)
José Antonio Ocampo
Reforming the Global Reserve System
José Antonio Ocampo
Thinking Ahead: The Decision Problem
Patrick Bolton and Antoine Faure-Grimaud
Sovereign Wealth Funds : a Developing Country Perspective
Stephany Griffith Jones and José Antonio Ocampo
Subregional Financial Cooperation: the South American Experience
José Antonio Ocampo and Daniel Titelman
Satisficing Contracts
Patrick Bolton and Antoine Faure-Grimaud
Divestitures, Privatization and Corporate Performance in Emerging Markets
Jan Hanousek, Evzen Kocenda, and Jan Svejnar
Economists’ Perspectives on Leadership
Patrick Bolton, Markus K. Brunnermeier and Laura Veldkamp
Structuring and Restructuring Sovereign Debt: The Role of Seniority
Patrick Bolton and Olivier Jeanne
Mortgage Capital and its Particularities
Saskia Sassen
The Case for a New International Reform Effort
Barry Herman, José Antonio Ocampo and Shari Spiegel
Inequality, Institutions and Economic Growth in Latin America
John Coatsworth
Restructuring of Firms in Transition: Ownership, Institutions and Openness to Trade
Jan Hanousek, Evzen Kocenda, and Jan Svejnar
Trouble with Numbers: Statistics, Politics, and History in the Construction of Weimar’s Trade Balance, 1918-1924
Adam Tooze
Democracy and Economic Transformation in India
Partha Chatterjee
Priorities and Sequencing in Privatization: Evidence from Czech Firm Panel Data
Nandini Gupta, Jhon C. Ham, and Jan Svejnar
How to Increase R&D in Transition Economies? Evidence from Slovenia
Polona Domadenik, Janez Prašnikar, and Jan Svejnar
Globalization and Innovation in Emerging Markets
Yuriy Gorodnichenko, Jan Svejnar, and Katherine Terrell
Time to Rethink Sovereign Bankruptcy: A New Role for the IMF?
Patrick Bolton and David A. Skeel, Jr.
Lost Decades: Postindependence Performance in Latin America and Africa
Robert Bates, John Coatsworth, and Jeffrey Williamson
Financial Architecture in Emerging Market Economies
Patrick Bolton and Xavier Freixas