Willem Buiter: Financial Crises

All Citi group publications can be downloaded from Citi's Velocity website, if you can access this (restricted) website.

  1. "Financial Stability Should be Central Banking's Prime Objective." Project Syndicate, 11 December 2019.

  2. "Italian Bills of Treasury - Maxi Trouble for the Eurosystem?" With Giada Giani. Citi. Citi Research, Economics, Western Europe Economics View, 1 July 2019.

  3. "Sovereign Risk: Italy v. US." With Dana Peterson. Citi. Citi Research, Economics, Global Economics View, 19 December 2018.

  4. "The Financial System Ten Years After The Financial Crisis: Lessons Learnt." Paper presented at the NAEC Group Meeting. OECD, Paris, 13 September 2018.

  5. "Italian Banks: Are We Nearing a Decisive Solution? We Doubt It." With Giada Giani, Guillaume Menuet et. al. Citi Research, Economics, Developed Markets, Western Europe, Italy Economics Flash, 6 July 2016.

  6. "Why Greece's Third Bailout Will Probably Fail (Eventually)." With Guillaume Menuet, Antonio Montilla, Tina M Fordham, Ebrahim Rahbari, Tiia A Lehto, Michael Saunders and Ann O'Kelly. Citi Research, Economics, Developed Markets, Western Europe, Euro Economics Weekly, 17 July 2015.

  7. "Greece Meeting Marathon Delivers Fragile Compromise." With Guillaume Menuet, Ebrahim Rahbari, Tina M Fordham, Antonio Montilla, Michael Saunders and Tiia A Lehto. Citi Research, Economics, EMEA, Global Economics View, 13 July 2015.

  8. "ECB: Mostly (But Not All) About Greece."With Guillaume Menuet, Antonio Montilla, Ebrahim Rahbari, Michael Saunders and Ann O'Kelly. Citi Research, Economics, Developed Markets, Western Europe, 10 July 2015.

  9. "A Bridge to Grexit—Making Grexit our Base Case." With Ebrahim Rahbari, Guillaume Menuet, Tina M Fordham, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 8 July 2015.

  10. "It's Time to Break the Never-ending Cycle of Crises in Greece." With Ebrahim Rahbari, Tina M Fordham, Guillaume Menuet, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi GPS: Global Perspectives & Solutions, Opinion, 6 July 2015.

  11. "Greek Referendum—Fearing Grexit, Preparing for Grimbo." With Tina M. Fordham, Guillaume Menuet, Ebrahim Rahbari, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 5 July 2015.

  12. "What if Grexit Really Happens." With Ebrahim Rahbari, Jeremy Hale, Graham Bishop, Guillaume Menuet, Tina M Fordham, Antonio Montilla and Michael Saunders. Citi Research, Economics, EMEA, Global Economics and Macro Strategy Focus, 2 July 2015.

  13. "Greek Referendum: Scenarios and Implications." With Ebrahim Rahbari, Guillaume Menuet, Tina M. Fordham, Antonio Montilla, Michael Saunders and Tiia A. Lehto. Citi Research, Economics, EMEA, Global Economics View, 2 July 2015.

  14. "Alert: Sunday Referendum to Proceed: Can We Read the Greek Vox Populi?" Tina M. Fordham, With Ebrahim Rahbari, Guillaume Menuet, Antonio Montilla, Tiia A. Lehto. Citi Research, Politics, Global, Global Political Insights, 1 July 2015.

  15. "Higher Grexit Risk: What Could the Policy Response Be?" With Ebrahim Rahbari, Guillaume Menuet, Tina M. Fordham, Antonio Montilla and Michael Saunders. Citi Research, Economics, EMEA, Global Economics View, 30 June 2015.

  16. "Greece: What's Next?" With Tina M. Fordham, Guillaume Menuet, Ebrahim Rahbari, Antonio Montilla, Michael Saunders and Harvinder Sian. Citi Research, Economcs, EMEA, Global Economics View, 28 June 2015.

  17. "There is a Way Past the Insanity Over Greece." With Ebrahim Rahbari. Financial Times, Opinion, 21 June 2015.

  18. "What next for Greece?" With Guillaume Menuet, Antonio Montilla, Ebrahim Rahbari, Michael Saunders and Anne Kelly. Citi Research, Economics, Developed Markets, Western Europe, Euro Economics Weekly, 5 June 2015.

  19. "Greece: Running Out of Money, Ideas, Time and Patience." With Ebrahim Rahbari, Guillaume Menuet and Antonio Montilla. Citi Research, Economics, Developed Markets, EMEA, Global Economics View, 21 April 2015.

  20. "The Euro Area Crises Are by No Means Over." With Ebrahim Rahbari. Citi Research, Economics, Global, Global Economics View, 11 June 2013.

  21. "Europe: The light at the end of the tunnel is still two or three years away." Citi GPS (Global Perspectives and Solutions), Opinion Articles, 10 May 2013.

  22. "Eurozone Crisis Demands Swift Debt Restructuring." Financial Times, Markets Insight, May 8, 2013.

  23. "Cyprus is Systemically Important: It Changed the Rules of the Game." With Ebrahim Rahbari, Giada Giani and Juergen Michels. Citi Research, Economics, Global, Global Economics View, 10 April 2013.

  24. "The Euro Area RecoveryStarts with Cyprus." With Ebrahim Rahbari, Juergen Michels, Giada Giani and Guillaume Menuet. Citi Research, Economics, Global, Global Economics View, 18 March 2013.

  25. "Greece Far From Safe Even After Debt swap." With Ebrahim Rahbari. Financial Times, 13/14 February 2012.

  26. "Euro Faces Exit of the Strong." (bad title, not mine!) Financial Times, Markets Insight, October 15, 2012.

  27. "Race to Save the Euro Would Follow 'Grexit'." Citi GPS: Global Perspectives & Solutions | Opinion, 22 June 2012.

  28. "Race to Save Euro Will Follow 'Grexit'." Financial Times, Markets Insight, 21 June 2012.

  29. "Greek Elections, Tale II: Euro Vision or Drachma Nation?' With Tina Fordham and Ebrahim Rahbari. Citi Resarch, Global Political Insights, 15 June 2012.

  30. "'Grexit' Back in the Spotlight,' With Ebrahim Rahbari, Citi Economics, Global Economics, Global Economics Flash, 10 May 2012.

  31. "Why Does the ECB not Put Its Mouth where its Money is? The ECB as Lender of Last Resort for Euro Area Sovereigns and Banks." With Ebrahim Rahbari. Citi Economics, Global Economics, Global Economics View, 27 February 2012.

  32. "Is the Eurozone At Risk of Turning Into The Rouble Zone?" With Ebrahim Rahbari, Citi Economics, Global Economic Outlook and Strategy, 22 February 2012, pp. 6–11.

  33. "Is the Eurozone at Risk of Turning into the Rouble Zone?" Citi Economics, Global Economics View, 13 February 2012.

  34. "Rising Risks of Greek Euro Area Exit." With Ebrahim Rahbari, Citi Economics, Global Economics View, 6 February 2012.

  35. "What Happens if the Euro Collapses?" Citi GPS: Global Perspectives & Solutions, 8 December 2011.

  36. "The Terrible Consequences of a Eurozone Collapse." Financial Times, 7 December 2011.

  37. "Will the December 9th Deal Be Enough?" Citi Economics, Global Economics View, 5 December 2011.

  38. "EMU Crisis Outlook: Lender of Last Resort on the Way." With Ebrahim Rahbari, Juergen Michels and Guillaume Menuet. Citi Economics, Global Economics View, 28 November 2011.

  39. "Greek Spanner in Euro Works." With a long list of co-authors. Citi Macro Analysis, Equities, 1 November 2011.

  40. "EFSF Needs Bigger Bazooka to Maximise its Firepower." Financial Times, 31 October 2011.

  41. "Why we Should not Panic if Deep Greek Sovereign Debt Restructuring Triggers CDS." With Ebrahim Rahbari. Citi Economics, Global Economics View, 26 October 2011.

  42. "Can Sovereign Debt Insurance by the EFSF be the 'Big Bazooka' that Saves the Euro?" With Ebrahim Rahbari. Citi Economics, Global Economics View, 18 October 2011.

  43. "A Greek Exit from the Euro Area: A Disaster for Greece, a Crisis for the World." Citi Economics, Global Economics View, 13 September 2011.

  44. "The Debt of Nations: Prospects for Debt Restructuring by Sovereigns and Banks in Advanced Economies." CFA Institute Conference Proceedings Quarterly, vol. 28 (September 2011): 18–24. For an abstract, click here.

  45. "Europe: Fear and Panic Make Poor Counsellors." Citi Economics, Global Economics View, 12 August 2011.

  46. "Why Spain and Italy are Under Attack and How to Defend Them." Citi Economics, Global Economics View, 3 August 2011.

  47. "Blundering Towards a 'You Break it You Own It' Europe." Financial Times, 1 August 2011.

  48. "Buying Time for the Euro: A Proposal." With Juergen Michels, Ebrahim Rahbari and Giada Giani. Citi Economics, Global Economics View, 20 July 2011.

  49. "ELA Revisited: A Clarification." With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 11 February 2011.

  50. "ELA: An Emperor Without Clothes?" With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 21 January 2011.

  51. "Three Steps to Survival for Euro Zone." Wall Street Journal Europe, Agenda, 10 December 2010.

  52. "Greece and the Fiscal Crisis in the Eurozone." With Ebrahim Rahbari. CEPR Policy Insight No. 51, October 2010.

  53. "Is Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all Advanced Economies?" (short version), with Ebrahim Rahbari. Citi Economics, Global Economic Outlook and Strategy, 22 Sept. 2010.

  54. "Is Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all Advanced Economies?" (long version), with Ebrahim Rahbari. Citi Economics, Global Economics View , 16 September 2010.

  55. "Sovereign Liquidity Facility: Transfer Europe or Bank Recapitalisation Fund? What is the EFSF Meant to Be?" Citi Economics, Global Economics View, 23 June 2010.

  56. "Can the European Stabilisation Mechanism Save the Monetary Union?" (long version), Citi Economics, Global Economics View , 20 May 2010.

  57. "Can the European Stabilisation Mechanism Save the Monetary Union?" (short version), Citi Economics, Global Economics View , 19 May 2010.

  58. "Greek Sovereign Debt Restructuring Delayed but not Avoided for Long." Citi Economics, Global Economics Flash, 5 May 2010.

  59. "Sovereign Debt Problems in Advanced Industrial Countries." Citi Economics, Global Economics View , 26 April 2010.

  60. "Lessons from the Global Financial Crisis for Regulators and Supervisors." In Henning Klodt and Harment Lehment, eds. The Crisis and Beyond. E-book: Kiel Institute for the World Economy, November 2009, pp. 57–82.

  61. "Establishing a New Macro-Economic Policy Regime." in Anton Hemerijck, Ben Knapen and Ellen van Doorne, eds. Aftershocks,Economic Crisis and Institutional Choice. Amsterdam: Amsterdam University Press, 2009, pp. 122–32.

  62. "Fiscal Sustainability." Paper presented at the conference Financial Regulation and Macroeconomic Stability; Key Issues for the G20, 31 January 2009, HM Treasury, London. HM Treasury and the Centre for Economic Policy Research. Published in Mathias Dewatripont, Xavier Freitas and Richard Portes eds. Macroeconomic Stability and Financial Regulation: Key Issues for the G20. Ebook: CEPR, 2009, pp. 79-90.

  63. "Lessons from the Financial Crisis for Social Democrats." Background paper. Dr. J.M. Den Uyllezing, de Rode Hoed, Amsterdam, 15 December 2008.

  64. "The Collapse of Iceland's banks: The Predictable End of a Non-Viable Business Model." With Anne C. Sibert, VoxEU, 30 October 2008.

  65. "The Paulson Plan: A Useful First Step but Nowhere Near Enough." VoxEU, 25 September 2008.

  66. "The Icelandic Banking Crisis and What to do About It: The Lender of Last Resort Theory of Optimal Currency Areas." With Anne C. Sibert. CEPR Policy Insight No. 26, October 2008.

  67. "Lessons from the North Atlantic Financial Crisis." Conference Paper. The Role of Money Markets. Columbia Business School and the Federal Reserve Bank of New York, New York, 29–30 May 2008.

  68. "Can Central Banks Go Broke?" CEPR Policy Insight No. 24, May 2008.

  69. "Lessons from the 2007 Financial Crisis." Paper submitted in evidence to the UK Treasury Select Committee in connection with nn appearance before the Committee, 13 November 2007. Abstract. Published as CEPR Policy Insight No. 18, December 2007.

  70. "What Should the Authorities Have Done?" Presentation prepared for the Financial Crisis Conference. London Financial Regulation Seminar, 1 October 2007.

  71. "Bail-Out That Will Damage Bank's Credibility." With Anne C. Sibert. Financial Times. Comment. Comments & Analysis page, 16 September 2007.

  72. "Three Steps to Calm the Storm." With Anne C. Sibert. Financial Times. Comment. Comments & Analysis page, 6 September 2007.

  73. "Comment on 'Sovereign Bond Restructuring: Collective Action Clauses and Official Crisis Intervention by Kenneth M. Kletzer." In Andrew G. Haldane, ed. Fixing Financial Crises in the Twenty-first Century. London: Routledge International Studies in Money and Banking, 2004, pp. 254–7. Working Paper.

  74. "Recession and Financial Crisis: How Prepared are We?" Published as "Ugly Things Can Happen."The World Today, vol. 57 (May 2001): 11–13.

  75. *"Some thoughts on the Brady Plan: Putting a Fourth Leg on the Donkey?" With Kenneth Kletzer and T.N. Srinivasan. World Development, vol. 17, no. 10 (1989): 1161–4.

  76. "Rewarding the Profligate and Punishing the Prudent and Poor: Some Recent Proposals for Debt Relief." With T.N. Srinivasan. World Development, vol. 15 (April 1987): 411–17.