Willem Buiter: Financial Crises
All Citi group publications
can be downloaded from Citi's
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(restricted) website.
- "Financial Stability Should be Central Banking's Prime Objective." Project Syndicate, 11 December 2019.
- "Italian Bills of Treasury - Maxi Trouble for the Eurosystem?" With Giada
Giani. Citi. Citi Research, Economics, Western Europe Economics View, 1
July 2019.
- "Sovereign Risk: Italy v. US." With Dana Peterson. Citi. Citi Research, Economics, Global Economics View, 19 December 2018.
- "The Financial System Ten
Years After The Financial Crisis: Lessons Learnt." Paper presented
at the NAEC Group Meeting. OECD, Paris, 13 September
2018.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "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.
- "There
is a Way
Past the Insanity Over Greece." With Ebrahim Rahbari. Financial Times, Opinion,
21 June
2015.
- "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.
- "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.
- "The
Euro Area
Crises Are by No Means Over." With Ebrahim Rahbari. Citi Research, Economics,
Global,
Global Economics View, 11 June
2013.
- "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.
- "Eurozone
Crisis Demands Swift Debt Restructuring." Financial Times, Markets
Insight, May 8, 2013.
- "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.
- "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.
- "Greece
Far
From Safe Even After Debt swap." With Ebrahim Rahbari. Financial
Times, 13/14 February
2012.
- "Euro
Faces Exit of the Strong." (bad title, not mine!) Financial Times,
Markets Insight,
October 15, 2012.
- "Race
to Save the
Euro Would Follow 'Grexit'." Citi GPS: Global Perspectives
&
Solutions | Opinion, 22 June 2012.
- "Race
to
Save Euro Will Follow 'Grexit'." Financial
Times, Markets Insight, 21 June 2012.
- "Greek
Elections,
Tale II: Euro Vision or Drachma Nation?' With Tina Fordham
and
Ebrahim Rahbari. Citi Resarch, Global Political Insights, 15 June 2012.
- "'Grexit'
Back in
the Spotlight,' With Ebrahim Rahbari, Citi Economics, Global
Economics, Global Economics Flash, 10 May 2012.
- "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.
- "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.
- "Is
the Eurozone
at Risk of Turning into the Rouble Zone?" Citi Economics, Global Economics View, 13 February 2012.
- "Rising
Risks
of Greek Euro Area Exit." With Ebrahim Rahbari, Citi Economics, Global Economics View,
6 February 2012.
- "What
Happens if the Euro Collapses?" Citi
GPS: Global Perspectives & Solutions, 8 December 2011.
- "The
Terrible Consequences of a Eurozone Collapse." Financial Times,
7 December 2011.
- "Will
the
December 9th Deal Be Enough?" Citi Economics, Global Economics View, 5 December 2011.
- "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.
- "Greek
Spanner in Euro Works." With a long list of co-authors. Citi
Macro
Analysis, Equities, 1
November 2011.
- "EFSF Needs Bigger Bazooka to Maximise its Firepower." Financial Times,
31 October
2011.
- "Why
we Should not
Panic if Deep Greek Sovereign Debt Restructuring Triggers CDS." With Ebrahim Rahbari. Citi Economics, Global Economics View, 26 October
2011.
- "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.
- "A
Greek
Exit from the Euro Area: A Disaster for Greece, a Crisis for the
World." Citi Economics, Global Economics View, 13 September 2011.
- "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.
- "Europe:
Fear and Panic Make Poor Counsellors." Citi Economics, Global Economics View, 12 August 2011.
- "Why
Spain and
Italy are Under Attack and How to Defend Them." Citi Economics, Global Economics View, 3 August 2011.
- "Blundering
Towards a 'You Break it You Own It' Europe." Financial Times,
1 August 2011.
- "Buying
Time for the Euro: A Proposal." With Juergen Michels, Ebrahim
Rahbari and Giada Giani. Citi Economics, Global Economics View, 20 July 2011.
- "ELA
Revisited: A Clarification." With Ebrahim Rahbari and Juergen Michels. Citi Economics, Global Economics View, 11 February 2011.
- "ELA:
An Emperor Without Clothes?" With Ebrahim Rahbari and
Juergen
Michels. Citi Economics, Global Economics View, 21
January 2011.
- "Three
Steps
to Survival for Euro Zone." Wall Street Journal
Europe,
Agenda, 10 December 2010.
- "Greece
and the Fiscal Crisis in the Eurozone." With Ebrahim Rahbari. CEPR Policy Insight No. 51, October 2010.
- "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.
- "Is
Sovereign Default 'Unnecessary, Undesirable and Unlikely' for all
Advanced Economies?" (long version), with Ebrahim Rahbari. Citi Economics, Global Economics View , 16 September 2010.
- "Sovereign
Liquidity
Facility: Transfer Europe or Bank Recapitalisation Fund? What is the
EFSF Meant to Be?" Citi Economics, Global Economics View,
23 June 2010.
- "Can
the European Stabilisation Mechanism Save the Monetary Union?"
(long version), Citi Economics, Global Economics View ,
20 May
2010.
- "Can
the European
Stabilisation Mechanism Save the Monetary Union?" (short
version), Citi Economics, Global Economics View , 19 May 2010.
- "Greek
Sovereign
Debt Restructuring Delayed but not Avoided for Long." Citi
Economics, Global Economics Flash, 5 May 2010.
- "Sovereign
Debt Problems in Advanced Industrial Countries." Citi Economics, Global Economics View , 26 April 2010.
- "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.
- "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.
- "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.
- "Lessons
from the Financial Crisis for Social Democrats." Background
paper.
Dr. J.M. Den Uyllezing, de Rode Hoed, Amsterdam, 15 December 2008.
- "The
Collapse of Iceland's banks: The Predictable End of a Non-Viable
Business Model." With Anne C. Sibert, VoxEU, 30 October 2008.
- "The
Paulson Plan: A Useful First Step but Nowhere Near Enough." VoxEU, 25 September 2008.
- "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.
- "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.
- "Can
Central Banks Go Broke?" CEPR
Policy Insight No. 24, May 2008.
- "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.
- "What Should the
Authorities
Have Done?" Presentation prepared for the Financial Crisis Conference. London Financial
Regulation Seminar, 1 October 2007.
- "Bail-Out
That Will
Damage Bank's Credibility." With Anne C. Sibert. Financial
Times.
Comment. Comments & Analysis page, 16 September 2007.
- "Three
Steps to Calm
the
Storm." With Anne C. Sibert. Financial Times. Comment.
Comments
& Analysis page, 6 September 2007.
- "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.
- "Recession
and
Financial Crisis: How Prepared are We?" Published as "Ugly Things Can Happen."The World Today,
vol. 57 (May 2001): 11–13.
- *"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.
- "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.