Market Valuation of Illiquid Debt and Implications for Conflicts among Creditors

Banks' reserve management, transaction costs, and the timing of Federal Reserve intervention

Day-to-day monetary policy and the volatility of the federal funds interest rate

Soft exchange rate bands and speculative attacks

Money market integration

Excess volatility and the asset-pricing exchange rate model with unobservable fundamentals

Soft Exchange Rate Bands and Speculative Attacks

Government Ponzi Games and Debt Dynamics under Uncertainty