Publications in Journals

Cross-Country Differences in Monetary Policy Execution and Money Market Rates' Volatility 
With A. Prati
European Economic Review Forthcoming
44 pages / 736 kb

The Execution of Monetary Policy: A Tale of Two Central Banks
With A. Prati
Economic Policy 37, October 2003
pp.437-467
See also ››
Federal Reserve Bank of New York Staff Reports, 165, April 2003

The Overnight Interbank Market: Evidence from the G-7 and the Euro Zone 
With A. Prati and G. Bertola
Journal of Banking and Finance, 27:10, October 2003, pp. 2045-2083
41 pages / 502 kb

Day-to-Day Monetary Policy and the Volatility of the Federal Funds Interest Rate 
With G. Bertola and A. Prati
Journal of Money, Credit, and Banking, 34, February 2002, pp. 137-159
35 pages / 2.4 mb

Excess Volatility of Exchange Rates with Unobservable Fundamentals 
With L. Giorgianni
Review of International Economics, 9, August 2001, pp. 518-530
27 pages / 1.8 mb

Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention 
With G. Bertola and A. Prati
Journal of Banking and Finance, 25, July 2001, pp. 1287-1317
41 pages / 275 kb

Soft Exchange Rate Bands and Speculative Attacks: Theory, and Evidence from the ERM Since August 1993
With A. Prati
Journal of International Economics, 49, October 1999, pp. 1-30

When Liberal Policies Reflect External Shocks, What Do We Learn?
With A. Drazen
Journal of International Economics, 42, May 1997, pp. 249-273

Soft Versus Hard Targets For Exchange Rate Intervention
With A. Prati
Economic Policy, 24, April 1997, pp. 15-52

Capital-Account Liberalization as a Signal
With A. Drazen
American Economic Review, 87, March 1997, pp. 138-154

Are Exchange Rates Excessively Volatile? And What Does "Excessively Volatile" Mean, Anyway?
With G. Bodnar
IMF Staff Papers, 43, March 1996, pp. 72-96

G-7 Fiscal Restructuring: Macroeconomic Effects
With A. Razin and S. Symansky
Economic Policy, 20, April 1995, pp. 111-146

Devaluation and Competitiveness in a Small Open Economy: Ireland 1987-1993
Economic and Social Review, 26, April 1995, pp. 239-259

Foreign Investment Quotas and Rent Extraction Under Uncertainty
Journal of International Economics, 38, February 1995, pp. 25-49

Government Ponzi Games and the Sustainability of Public Deficits Under Uncertainty
With C. Cottarelli
Ricerche Economiche, 48, March 1994, pp. 1-22

Competitive Runs: The Case of a Ceiling on Aggregate Investment
European Economic Review, 3, June 1993, pp. 921-948

Target Zones and Forward Rates in a Model with Repeated Realignments
With G. Bodnar
Journal of Monetary Economics, 30, December 1992, pp. 373-408

A Note on Entry and Exit Decisions Under Uncertainty
Economic Notes, 21, June 1992, pp. 157-166

Market Valuation of Illiquid Debt and Implications for Conflicts Among Creditors
With A. Dixit
IMF Staff Papers, 38, December 1991, pp. 828-849

Other Publications

The Intraday Behavior of the Federal Funds Market 
With S. Gudell, S. Hilton, and K. Schwartz
Current Issues in Economics and Finance, Forthcoming, October 2005
16 pages / 55 kb
See also ››
The Intraday Behavior of the Federal Funds Market 
(long version)
52 pages / 337 kb

The Practice of Central Banking in Industrialized Countries
With R. Kopke, C. Bertaut, J. Little, W. Nelson, G. Olivei, and G. Tootell
New England Economic Review, Second Quarter, June 2002

Review of "Political Economy and Macroeconomics"
By A. Drazen, for the Journal of International Economics, 53, February 2001, pp. 231-234

The Financial Services Authority: Structure, Mandate, and Policy Issues
United Kingdom--Selected Issues, IMF Staff Country Reports, No. 99/44, Washington, May 1999, pp. 25-50

Dollar's demise greatly exaggerated
The European, May 4-10, 1998, p. 14

European Monetary Union: Implications for--and Lessons from--the United States
Proceedings of a conference on The Potential Risks and Rewards of European Monetary Union, Long Island University, March 1998

Il nemico non e' Clinton: L'Unione Monetaria ha molti avversari, ma sbaglia chi pensa agli Stati Uniti
Il Mondo, February 20, 1998, p. 5

Different Ways To Bargain
With C. Cottarelli
The Journal of Commerce, September 12, 1997, p. A9

Designing Effective Auctions for Treasury Securities
With C. Cottarelli
Federal Reserve Bank of New York Current Issues in Economics and Finance, Vol. 3, No. 9, July 1997

Treasury Bill Auctions: Issues and Uses
With C. Cottarelli
Macroeconomic Dimensions of Public Finance, M. Blejer and T. Ter-Minassian eds., Routledge, January 1997, pp. 267-336

Foreign Direct Investment and the Exchange Rate
Exchange Rate Movements and Their Impacts on Trade and Investment in the APEC Region, T. Bayoumi and M. Klein, in T. Ito, P. Isard, S. Symansky, and T. Bayoumi eds., IMF, Occasional Paper 145, December 1996, pp. 47-58

Purchasing Power Parity Measures of Competitiveness
Finance & Development, September 1995, pp. 46-49

Macroeconomic Effects on Western Europe of the Opening Up of Eastern Europe
With S. Symansky
Western Europe in Transition: The Impact of the Opening Up of Eastern Europe and the Former Soviet Union, P. deFontenay, G. Gomel, and E. Hochreiter eds., Washington, August 1995, pp. 15-46

International Capital Market Crises: Lessons from the 1980s (and Early 1990s)
Journal of International and Comparative Economics, 3, March 1994, pp. 45-64

Unemployment and Wage Dynamics in MULTIMOD
With S. Symansky
IMF Staff Studies for the World Economic Outlook, IMF, Washington, December 1993, pp. 76-85

Target Zones Broad and Narrow
Comment, in Exchange Rate and Currency Bands, P. Krugman and M. Miller, eds., London, CEPR, 1992, pp. 56-58

Leonardo Bartolini's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.