Jeromin Zettelmeyer

Peter G. Peterson Institute for International Economics

Senior Fellow

1750 Massachusetts Avenue, NW

Washington, DC 20036

United States

CEPR

Research Fellow

London

United Kingdom

SCHOLARLY PAPERS

41

DOWNLOADS
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Top 6,222

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9,072

SSRN CITATIONS
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SSRN RANKINGS

Top 5,145

in Total Papers Citations

83

CROSSREF CITATIONS

181

Scholarly Papers (41)

1.

The Greek Debt Restructuring: An Autopsy

Peterson Institute for International Economics Working Paper No. 2013-13-8
Number of pages: 65 Posted: 11 Sep 2012 Last Revised: 25 Dec 2014
Jeromin Zettelmeyer, Christoph Trebesch and Mitu Gulati
Peter G. Peterson Institute for International Economics, Kiel Institute for the World Economy and University of Virginia School of Law
Downloads 1,961 (10,364)
Citation 19

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sovereign debt, sovereign default, debt restructuring, financial crises, Eurozone crisis, Greece

2.
Downloads 125 ( 16,407)
Citation 2

Engineering an Orderly Greek Debt Restructuring

Number of pages: 10 Posted: 30 Jan 2012
Mitu Gulati and Jeromin Zettelmeyer
University of Virginia School of Law and Peter G. Peterson Institute for International Economics
Downloads 125 (287,182)
Citation 2

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Greece, sovereign debt, default, restructuring, collective action clauses

3.

The Role of the IMF in Future Sovereign Debt Restructurings

USC CLASS Research Paper No. CLASS 13-6, USC Law Legal Studies Paper No. 13-19
Number of pages: 15 Posted: 26 Nov 2013 Last Revised: 25 Dec 2014
University of Chicago Law School, Ministry of Foreign Affairs, Netherlands, Center for Contract and Economic Organization, University of Virginia School of Law, Johns Hopkins University, Reykjavik University, University of Southern California Gould School of Law, University of Pennsylvania Carey Law School, Ministry of Finance of the Russian Federation and Peter G. Peterson Institute for International Economics
Downloads 720 (45,565)

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International Monetary Fund, Sovereign Debt

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

Number of pages: 49 Posted: 18 Sep 2012 Last Revised: 07 May 2014
Christoph Trebesch and Jeromin Zettelmeyer
Kiel Institute for the World Economy and Peter G. Peterson Institute for International Economics
Downloads 368 (103,280)
Citation 2

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Central Bank Asset Purchases, Securities Markets Programme, Eurozone Crisis, Sovereign Risk, Market Segmentation

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

Peterson Institute for International Economics Working Paper No. 18-1
Number of pages: 67 Posted: 26 Jan 2018
Christoph Trebesch and Jeromin Zettelmeyer
Kiel Institute for the World Economy and Peter G. Peterson Institute for International Economics
Downloads 59 (457,364)
Citation 9

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Central Bank Asset Purchases, Securities Markets Programme, Eurozone Crisis, Sovereign Risk, Market Segmentation

ECB Interventions in Distressed Sovereign Debt Markets: The Case of Greek Bonds

Number of pages: 69 Posted: 29 Jan 2018
Christoph Trebesch and Jeromin Zettelmeyer
Kiel Institute for the World Economy and Peter G. Peterson Institute for International Economics
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Citation 1
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Central Bank Asset Purchases, eurozone crisis, Market Segmentation, Securities Markets Programme, sovereign risk

5.

International Bailouts, Moral Hazard, and Conditionality

Number of pages: 29 Posted: 09 Oct 2001
Olivier Jeanne and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department and Peter G. Peterson Institute for International Economics
Downloads 430 (87,009)
Citation 3

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6.
Downloads 316 (123,102)
Citation 17

Revisiting Sovereign Bankruptcy

Number of pages: 57 Posted: 17 Nov 2013
Center for Contract and Economic Organization, Georgetown University Law Center, University of Virginia School of Law, United Nations - Conference on Trade and Development (UNCTAD), Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and Peter G. Peterson Institute for International Economics
Downloads 250 (156,290)
Citation 25

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Revisiting Sovereign Bankruptcy

Revisiting Sovereign Bankruptcy, Brookings Institution, October 2013
Number of pages: 57 Posted: 13 Nov 2013
Center for Contract and Economic Organization, Georgetown University Law Center, University of Virginia School of Law, United Nations - Conference on Trade and Development (UNCTAD), Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and Peter G. Peterson Institute for International Economics
Downloads 66 (431,738)

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Sovereign debt, fiscal crises, default, bankruptcy, debt restructuring

7.

Measuring the Rise of Economic Nationalism

Peterson Institute for International Economics Working Paper No. 19-15
Number of pages: 57 Posted: 24 Aug 2019
Monica de Bolle and Jeromin Zettelmeyer
Peter G. Peterson Institute for International Economics and Peter G. Peterson Institute for International Economics
Downloads 290 (134,849)
Citation 3

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nationalism, populism, capitalism, trade policy, industrial policy, protectionism

8.

Moral Hazard and International Crisis Lending: A Test

Number of pages: 55 Posted: 01 Feb 2006
Giovanni Dell'Ariccia, Isabel Schnabel and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department, University of Bonn - Institute for Financial Economics and Statistics and Peter G. Peterson Institute for International Economics
Downloads 289 (135,360)

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Moral hazard, international lending, financial crises, sovereign debt

9.

Growth and Reforms in Latin America: A Survey of Facts and Arguments

Number of pages: 40 Posted: 31 Oct 2006
Jeromin Zettelmeyer
Peter G. Peterson Institute for International Economics
Downloads 288 (135,834)

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Growth, Reforms, Volatility, Latin America

10.

If Boilerplate Could Talk

Duke Law School Public Law & Legal Theory Series No. 2017-45
Number of pages: 65 Posted: 13 Jun 2017 Last Revised: 27 Apr 2020
Anna Gelpern, Mitu Gulati and Jeromin Zettelmeyer
Georgetown University Law Center, University of Virginia School of Law and Peter G. Peterson Institute for International Economics
Downloads 279 (140,361)
Citation 5

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Contracts, Stickiness, Sovereign Debt, Sovereign Default

11.

Haircuts: Estimating Investor Losses in Sovereign Debt Restructurings, 1998-2005

Number of pages: 68 Posted: 03 Mar 2006
Federico Sturzenegger and Jeromin Zettelmeyer
Universidad Torcuato Di Tella and Peter G. Peterson Institute for International Economics
Downloads 277 (141,451)
Citation 11

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Sovereign Debt, Debt Restructuring, Defaults, Financial Crises

12.
Downloads 268 (142,509)
Citation 10

Making a Voluntary Greek Debt Exchange Work

Economic Research Initiatives at Duke (ERID) Working Paper
Number of pages: 16 Posted: 04 Jan 2012 Last Revised: 01 Feb 2012
Mitu Gulati and Jeromin Zettelmeyer
University of Virginia School of Law and Peter G. Peterson Institute for International Economics
Downloads 268 (145,643)
Citation 7

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13.

The Impact of Monetary Policy on the Exchange Rate: Evidence from Three Small Open Economies

Number of pages: 46 Posted: 31 Jan 2006
Jeromin Zettelmeyer
Peter G. Peterson Institute for International Economics
Downloads 251 (156,213)
Citation 15

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Monetary Policy, Interest Rates, Exchange Rates

14.

Monetary Independence in Emerging Markets: Does the Exchange Rate Regime Make a Difference?

Number of pages: 50 Posted: 08 Jun 2001
Eduardo Borensztein, Jeromin Zettelmeyer and Thomas Philippon
Inter-American Development Bank (IADB), Peter G. Peterson Institute for International Economics and New York University (NYU) - Department of Finance
Downloads 222 (175,851)
Citation 6

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Monetary policy, exchange rate regime, interest rates, risk premium

15.

Bankruptcy Procedures for Sovereigns: A History of Ideas, 1976-2001

Number of pages: 45 Posted: 02 Feb 2006
Kenneth Rogoff and Jeromin Zettelmeyer
Harvard University - Department of Economics and Peter G. Peterson Institute for International Economics
Downloads 212 (183,577)
Citation 2

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sovereign bankruptcy, debt crises, international bankruptcy court, Chapter 11

16.

Strengthening IMF Crisis Prevention

Number of pages: 23 Posted: 03 Mar 2006
Jonathan D. Ostry and Jeromin Zettelmeyer
International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 189 (203,904)

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International Monetary Fund, Crisis prevention, IMF surveillance

A Theory of International Crisis Lending and IMF Conditionality

Number of pages: 35 Posted: 18 Dec 2008
Olivier Jeanne, Jonathan D. Ostry and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 179 (213,947)

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Financial crisis, Crisis prevention, Fund role, Conditionality, Moral hazard, Spillovers

18.

Early Ideas on Sovereign Bankruptcy Reorganization: A Survey

Number of pages: 19 Posted: 09 Feb 2006
Kenneth Rogoff and Jeromin Zettelmeyer
Harvard University - Department of Economics and Peter G. Peterson Institute for International Economics
Downloads 184 (208,831)

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Sovereign Bankruptcy, Debt Crises, International Bankruptcy Court, Chapter 11

19.

What Makes Growth Sustained?

Number of pages: 35 Posted: 24 Mar 2008
Jonathan D. Ostry and Jeromin Zettelmeyer
International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 178 (214,917)

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Economic growth, Income distribution, Trade, Foreign direct investment

20.

'Original Sin', Balance Sheet Crises, and the Roles of International Lending

Number of pages: 28 Posted: 15 Feb 2006
Olivier Jeanne and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department and Peter G. Peterson Institute for International Economics
Downloads 171 (222,389)
Citation 4

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Currency crises balance sheet mismatches international lending

21.

How to Restructure Sovereign Debt: Lessons from Four Decades

Peterson Institute for International Economics Working Paper No. 19-8
Number of pages: 26 Posted: 03 Jun 2019
Lee C. Buchheit, Guillaume Chabert, Chanda DeLong and Jeromin Zettelmeyer
Center for Contract and Economic Organization, affiliation not provided to SSRN, International Monetary Fund and Peter G. Peterson Institute for International Economics
Downloads 164 (230,375)
Citation 3

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Sovereign debt, financial crises, debt restructuring, debt defaults, Paris Club

22.

Exchange Rate Regimes and External Adjustment: New Answers to an Old Debate

THE NEW INTERNATIONAL MONETARY SYSTEM: ESSAYS IN HONOR OF ALEXANDER SWOBODA, C. Wyplosz, ed., Routledge, March 2010
Number of pages: 17 Posted: 09 Dec 2011
Atish R. Ghosh, Marco E. Terrones and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Policy Development and Review Department, International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 163 (231,548)

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Flexible exchange rates, Fixed exchange rates, Current Account Balances, Current Account Reversals

What Moves Capital to Transition Economies?

Number of pages: 47 Posted: 15 Feb 2006
Pietro Garibaldi, Nada Mora, Ratna Sahay and Jeromin Zettelmeyer
Bocconi University - Department of Economics, Lebanese University, International Monetary Fund (IMF) - Developing Country Studies Division and Peter G. Peterson Institute for International Economics
Downloads 158 (238,221)

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Transition economies capital flows foreign direct investment portfolio investment

What Moves Capital to Transition Economies?

Posted: 27 Sep 2002
Pietro Garibaldi, Nada Mora, Ratna Sahay and Jeromin Zettelmeyer
Bocconi University - Department of Economics, Lebanese University, International Monetary Fund (IMF) - Developing Country Studies Division and Peter G. Peterson Institute for International Economics

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Transition economies, capital flows, foreign direct investment, portfolio investment

24.

The New Global Financial Safety Net: Struggling for Coherent Governance in a Multipolar System

CIGI Essays in International Finance, Volume 4, January 2017
Number of pages: 65 Posted: 06 Apr 2017
Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and Peter G. Peterson Institute for International Economics
Downloads 144 (256,503)
Citation 3

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Global Financial Safety Net, IMF, ESM, Chiang Mai, Financial Crises, Financial Architecture

25.

The Problem that Wasn’t: Coordination Failures in Sovereign Debt Restructurings

Number of pages: 29 Posted: 20 Dec 2011
Ran Bi, Marcos Chamon and Jeromin Zettelmeyer
International Monetary Fund (IMF), International Monetary Fund (IMF) - Research Department and Peter G. Peterson Institute for International Economics
Downloads 120 (294,587)
Citation 1

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Debt restructuring, Economic models, Emerging markets, Sovereign debt

26.

The Effect of External Conditions on Growth in Latin America

Number of pages: 38 Posted: 23 Aug 2007
Pär Österholm and Jeromin Zettelmeyer
International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 115 (303,589)

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Working Paper, Latin America, Economic growth, Business cycles, Economic growth, Commodity prices

27.

Does Greece Need More Official Debt Relief? If So, How Much?

Peterson Institute for International Economics Working Paper No. 17-6
Number of pages: 54 Posted: 06 Apr 2017
Jeromin Zettelmeyer, Eike Kreplin and Ugo Panizza
Peter G. Peterson Institute for International Economics, Federal Ministry for Economic Affairs and Energy and Graduate Institute of International and Development Studies (IHEID) - Department of Economics
Downloads 91 (354,571)
Citation 3

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Greece, Sovereign Debt, Debt Restructuring, Euro Crisis, European Stability Mechanism, European Financial Stability Facility

28.

Competitiveness in Transition Economies: What Scope for Real Appreciation?

Number of pages: 55 Posted: 15 Feb 2006
Kornélia Krajnyák and Jeromin Zettelmeyer
International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 81 (380,651)

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How Private Creditors Fared in Emerging Debt Markets, 1970-2000

Number of pages: 60 Posted: 15 Feb 2006
International Monetary Fund (IMF) - European Department, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and Peter G. Peterson Institute for International Economics
Downloads 65 (435,198)

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sovereign debt, crises, returns capital flows

How Private Creditors Fared in Emerging Debt Markets, 1970-2000

Number of pages: 62 Posted: 02 Jun 2004
International Monetary Fund (IMF) - European Department, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and Peter G. Peterson Institute for International Economics
Downloads 13 (728,565)
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Sovereign debt, crises, returns capital flows

How Private Creditors Fared in Emerging Debt Markets, 1970-2000

IMF Working Paper No. 04/13
Posted: 04 Mar 2004
International Monetary Fund (IMF) - European Department, Graduate Institute Geneva, IHEIDGraduate Institute Geneva, IHEID and Peter G. Peterson Institute for International Economics

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sovereign debt, crises, returns capital flows

30.

The Uzbek Growth Puzzle

Number of pages: 36 Posted: 15 Feb 2006
Jeromin Zettelmeyer
Peter G. Peterson Institute for International Economics
Downloads 77 (391,951)

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Uzbekistan, Transition, Growth, Output, Public Investment, Cotton, Energy

31.

Implicit Transfers in IMF Lending, 1973-2003

Number of pages: 42 Posted: 10 Jan 2006
Jeromin Zettelmeyer and Priyadarshani Joshi
Peter G. Peterson Institute for International Economics and Princeton University
Downloads 76 (394,837)

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International Monetary Fund, subsidy, moral hazard, HIPC initiative

32.

Fiscal Positions in Latin America: Have They Really Improved?

Number of pages: 32 Posted: 01 Jul 2008
Ivanna Vladkova Hollar and Jeromin Zettelmeyer
International Monetary Fund (IMF) and Peter G. Peterson Institute for International Economics
Downloads 75 (397,729)

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Working Paper, South America, Central America, Latin America, Revenue sources, Tax revenues, Commodity markets, Balance of payments, Business cycles

33.

Output Decline and Recovery in Uzbekistan: Past Performance and Future Prospects

Number of pages: 30 Posted: 15 Feb 2006
Günther Taube and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Fiscal Affairs Department and Peter G. Peterson Institute for International Economics
Downloads 74 (400,784)

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Uzbekistan, Transition, Growth, Output, Sustainability

34.
Downloads 72 (406,895)
Citation 4

The Search for a Euro Area Safe Asset

Peterson Institute for International Economics Working Paper No. 18-3
Number of pages: 68 Posted: 12 Mar 2018 Last Revised: 01 Mar 2019
Jeromin Zettelmeyer and Alvaro Leandro
Peter G. Peterson Institute for International Economics and Peterson Institute for International Economics
Downloads 72 (411,607)
Citation 8

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sovereign debt, banking crisis, euro crisis, safe assets, ESBies

The Search for a Euro Area Safe Asset

Number of pages: 82 Posted: 20 Mar 2018 Last Revised: 02 Oct 2018
Alvaro Leandro and Jeromin Zettelmeyer
Peterson Institute for International Economics and Peter G. Peterson Institute for International Economics
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Banking Crisis, ESBies, Euro crisis, safe assets, Sovereign debt

35.

The Impact of Monetary Policy on the Bilateral Exchange Rate: Chile Versus the United States

Number of pages: 23 Posted: 29 Jan 2006
Jeromin Zettelmeyer
Peter G. Peterson Institute for International Economics
Downloads 69 (416,361)

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Monetary Policy, Interest Rates, Exchange Rates

Creating a Euro Area Safe Asset Without Mutualizing Risk (Much)

Peterson Institute for International Economics Working Paper No. 19-14, 2019
Number of pages: 33 Posted: 11 Aug 2019 Last Revised: 25 Aug 2019
Alvaro Leandro and Jeromin Zettelmeyer
Peterson Institute for International Economics and Peter G. Peterson Institute for International Economics
Downloads 37 (557,746)
Citation 3

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safe assets, sovereign debt, banking crisis, euro crisis, eurobonds ESBies, SBBS, E-bonds

Creating a Euro Area Safe Asset Without Mutualizing Risk (Much)

Number of pages: 40 Posted: 07 Aug 2019
Alvaro Leandro and Jeromin Zettelmeyer
Peterson Institute for International Economics and Peter G. Peterson Institute for International Economics
Downloads 30 (598,989)
Citation 1

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safe assets, sovereign debt, banking crisis, euro crisis, eurobonds, ESBies, SBBS, E-bonds

37.

The Mussa Theorem (and Other Results on Imf-Induced Moral Hazard)

Number of pages: 26 Posted: 09 Feb 2006
Olivier Jeanne and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Research Department and Peter G. Peterson Institute for International Economics
Downloads 65 (429,604)

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International Monetary Fund, Financial Crises, Moral Hazard

38.

CACs and Doorknobs

Capital Markets Law Journal, Forthcoming
Number of pages: 19 Posted: 01 Nov 2019 Last Revised: 10 Nov 2019
Anna Gelpern and Jeromin Zettelmeyer
Georgetown University Law Center and Peter G. Peterson Institute for International Economics
Downloads 55 (465,707)

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Sovereign Debt, Sovereign Bonds, Bankruptcy, Contract Reform, IMF, UN, Financial Crisis, Argentina, Greece

39.

Redesigning EU fiscal rules: From rules to standards

Peterson Institute for International Economics Working Paper No. 21-1
Number of pages: 32 Posted: 23 Mar 2021
Peter G. Peterson Institute for International Economics, National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics, Peter G. Peterson Institute for International Economics and Peterson Institute for International Economics
Downloads 36 (550,726)

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interest rates, fiscal policy, public debt, primary balance, fiscal deficit, fiscal rules, fiscal governance, fiscal standards, debt sustainability analysis

40.

Emu and Long Interest Rates in Germany

Number of pages: 40 Posted: 15 Feb 2006
Jeromin Zettelmeyer
Peter G. Peterson Institute for International Economics
Downloads 36 (550,726)

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41.

The Evolution of Output in Transition Economies: Explaining the Differences

Posted: 09 Nov 1999
Andrew Berg, Eduardo Borensztein, Ratna Sahay and Jeromin Zettelmeyer
International Monetary Fund (IMF) - Developing Country Studies Division, Inter-American Development Bank (IADB), International Monetary Fund (IMF) - Developing Country Studies Division and Peter G. Peterson Institute for International Economics

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transition economies, growth, output decline, recovery, structural reforms