My book project, Managing Financial Instability: The Political Economy of Demand for Global Financial Insurance, explains when and why states and governments in financial duress choose to use different financing strategies to manage their crises, including precautionary and non-precautionary IMF loans and currency swap lines. These strategies shed light on the domestic and international politics of financial (in)stability and the evolving structure of global financial governance. The project employs a range of empirical methods, including time-series, cross-sectional analysis, elite survey experiments, elite interviews, and qualitative case studies, and draws on novel data on currency swap line and IMF loan use.
"Political Moral Hazard and Market Signaling: The Political Economy of Swap Line and IMF Loan Use" [JMP]
"International Investors and the Modern Global Financial Safety Net"
(draft available upon request)
“Monetary and Fiscal Fetters: Macroeconomic Constraints and the Politics of Countercyclical Credit Management"
with Mark Copelovitch
(draft available upon request)