Details about Joshua Aizenman

E-mail:
Homepage:	http://www.nber.org/people/joshua_aizenman
Phone:	213-740-4066
Postal address:	Professor Joshua Aizenman Dockson Chair in Economics and International Relations USC, VKC 314 Los Angeles, CA 90089.0043, USA
Workplace:	Department of Economics, University of Southern California, (more information at EDIRC)

Access statistics for papers by Joshua Aizenman.

Last updated 2023-07-08. Update your information in the RePEc Author Service.

Short-id: pai8

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Working Papers

2024

1. How Institutions Interact with Exchange Rates After the 2024 US Presidential Election: New High-Frequency Evidence
   NBER Working Papers, National Bureau of Economic Research, Inc
2. International Spillovers of U.S. Fiscal Challenges
   NBER Working Papers, National Bureau of Economic Research, Inc
3. Sectoral Debt and Global Dollar Cycles in Developing Economies
   NBER Working Papers, National Bureau of Economic Research, Inc
4. The Performance of Emerging Markets During the Fed’s Easing and Tightening Cycles: A Cross-Country Resilience Analysis
   NBER Working Papers, National Bureau of Economic Research, Inc
5. The Resilience of Central, Eastern and Southeastern Europe (CESEE) Countries During ECB’s Monetary Cycles
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2023

6. Geopolitical Shocks And Commodity Market Dynamics: New Evidence From The Russian-Ukraine Conflict
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
7. Inflation Surge and Sovereign Borrowing: The Role of Policy Practices in Strengthening Sovereign Resilience
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
8. On the Effectiveness of Foreign Exchange Reserves During the 2021-22 U.S. Monetary Tightening Cycle
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   Also in Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg (2023) View citations (4)
   See also Journal Article On the effectiveness of foreign exchange reserves during the 2021-22 U.S. monetary tightening cycle, Economics Letters, Elsevier (2023) View citations (3) (2023)
9. Real Exchange Rate and International Reserves in the Era of Financial Integration
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
   Also in Working Papers of BETA, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg (2023) View citations (2)
10. Sectoral Debt Capacity and Business Cycles: Developing Asia and the World Economy
    ADB Economics Working Paper Series, Asian Development Bank
11. Sovereign Debt Vulnerabilities in Asia and the Pacific
    ADB Economics Working Paper Series, Asian Development Bank

2022

12. Effect of Macroprudential Policies on Sovereign Bond Markets: Evidence from the ASEAN-4 Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
13. Fiscal Capacity and Commercial Bank Lending Under COVID-19
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article Fiscal capacity and commercial bank lending under COVID-19, Journal of the Japanese and International Economies, Elsevier (2023) View citations (3) (2023)
14. Fiscal Stimulus and Commercial Bank Lending Under COVID-19
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
15. Gaps Between Official and Excess Covid-19 Mortality Measures: The Effects of Institutional Quality and Vaccinations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Gaps between official and excess Covid-19 mortality measures: The effects of institutional quality and vaccinations, Economic Modelling, Elsevier (2022) View citations (1) (2022)
16. Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?
    Papers, arXiv.org
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (5)
    See also Journal Article Good-bye original sin, hello risk on-off, financial fragility, and crises?, Journal of International Money and Finance, Elsevier (2021) View citations (6) (2021)
17. International Evidence on Vaccines and the Mortality to Infections Ratio in the Pre-Omicron Era
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (1)
    See also Journal Article International Evidence on Vaccines and the Mortality to Infections Ratio in the Pre-Omicron Era, Economics of Disasters and Climate Change, Springer (2023) (2023)
18. The Impacts of Crises on the Trilemma Configurations
    NBER Working Papers, National Bureau of Economic Research, Inc
19. The Impacts of Financial Crises on the Trilemma Configurations
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
    See also Journal Article The Impacts of Financial Crises on the Trilemma Configurations, Open Economies Review, Springer (2023) (2023)

2021

20. Central Bank Swap Arrangements in the COVID-19 Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Journal Article Central bank swap arrangements in the COVID-19 crisis, Journal of International Money and Finance, Elsevier (2022) View citations (7) (2022)
21. International Evidence of Strengthening Taxes and Spending For Sustainable Development
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
22. International Reserve Management and Firm Investment in Emerging Market Economies
    NBER Working Papers, National Bureau of Economic Research, Inc
23. Large Fiscal Episodes and Sustainable Development: Some International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in ADB Economics Working Paper Series, Asian Development Bank (2021)
24. The Political Economy of the COVID-19 Fiscal Stimulus Packages of 2020
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in CESifo Working Paper Series, CESifo (2021) View citations (1)

2020

25. Accounting for Global COVID-19 Diffusion Patterns, January-April 2020
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Accounting for Global COVID-19 Diffusion Patterns, January–April 2020, Economics of Disasters and Climate Change, Springer (2020) View citations (12) (2020)
26. Emerging Markets Sovereign CDS Spreads During COVID-19: Economics versus Epidemiology News
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Emerging markets sovereign CDS spreads during COVID-19: Economics versus epidemiology news, Economic Modelling, Elsevier (2021) View citations (18) (2021)
27. Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone: COVID-19 Dominance During January - June 2020
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Journal Article Pandemic shocks and fiscal-monetary policies in the Eurozone: COVID-19 dominance during January–June 2020, Oxford Economic Papers, Oxford University Press (2021) View citations (2) (2021)
28. Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Post COVID‐19 exit strategies and emerging markets economic challenges, Review of International Economics, Wiley Blackwell (2023) (2023)
29. The Political-Economy Trilemma
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (2)
    See also Journal Article The Political-Economy Trilemma, Open Economies Review, Springer (2020) View citations (3) (2020)
30. U.S. Macro Policies and Global Economic Challenges
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article U.S. Macro Policies and Global Economic Challenges, East Asian Economic Review, Korea Institute for International Economic Policy (2020) (2020)

2019

31. Fiscal Space and Increasing Fiscal Resilience
    ADB Economics Working Paper Series, Asian Development Bank
32. Hoarding for Stormy Days - Test of International Reserves Providing Financial Buffer Services
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
33. Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance, Journal of Macroeconomics, Elsevier (2021) View citations (11) (2021)
34. Macroeconomics Challenges and Resilience of Emerging Market Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
35. The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article The currency composition of international reserves, demand for international reserves, and global safe assets, Journal of International Money and Finance, Elsevier (2020) View citations (18) (2020)
36. The Interest Rate Effect on Private Saving: Alternative Perspectives
    GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (10)
    See also Journal Article The Interest Rate Effect on Private Saving: Alternative Perspectives, Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd. (2019) View citations (8) (2019)

2018

37. Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns: A Cross-Country Comparison, 1960-2016
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in Working Paper Series, Victoria University of Wellington, School of Economics and Finance (2018)

2017

38. Financial Spillovers and Macroprudential Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Financial Spillovers and Macroprudential Policies, Open Economies Review, Springer (2020) View citations (18) (2020)
39. Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in ADB Economics Working Paper Series, Asian Development Bank (2017)
    See also Journal Article Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008, Emerging Markets Finance and Trade, Taylor & Francis Journals (2018) View citations (4) (2018)
40. Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies, Open Economies Review, Springer (2018) View citations (2) (2018)

2016

41. Balance Sheet Effects on Monetary and Financial Spillovers: The East Asian Crisis Plus 20
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Balance sheet effects on monetary and financial spillovers: The East Asian crisis plus 20, Journal of International Money and Finance, Elsevier (2017) View citations (19) (2017)
42. East Asian Economies and Financial Globalization In the Post-Crisis World
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
43. House Valuations and Economic Growth: Some International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
44. Measuring Systemic Risk Contribution of International Mutual Funds
    ADBI Working Papers, Asian Development Bank Institute View citations (2)
45. Optimal Currency Area: A 20th Century Idea For the 21st Century?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2015

46. Chinese Outwards Mercantilism – the Art and Practice of Bundling
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Chinese outwards mercantilism – The art and practice of bundling, Journal of International Money and Finance, Elsevier (2018) View citations (5) (2018)
47. Domestic and Multilateral Effects of Capital Controls in Emerging Markets
    Staff Working Papers, Bank of Canada View citations (32)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (32)
    Working Paper Series, European Central Bank (2015) View citations (34)
    See also Journal Article Domestic and multilateral effects of capital controls in emerging markets, Journal of International Economics, Elsevier (2018) View citations (53) (2018)
48. Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit
    See also Journal Article Exchange market pressure in OECD and emerging economies: Domestic vs. external factors and capital flows in the old and new normal, Journal of International Money and Finance, Elsevier (2016) View citations (37) (2016)
49. Financial Development and Output Growth in Developing Asia and Latin America: A Comparative Sectoral Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (54)
50. International Coordination and Precautionary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    See also Journal Article International Coordination and Precautionary Policies, International Economic Journal, Taylor & Francis Journals (2016) View citations (3) (2016)
51. International Reserves Before and After the Global Crisis: Is There No End to Hoarding?
    CESifo Working Paper Series, CESifo View citations (66)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (14)
    See also Journal Article International reserves before and after the global crisis: Is there no end to hoarding?, Journal of International Money and Finance, Elsevier (2015) View citations (67) (2015)
52. Monetary Policy Spillovers and the Trilemma in the New Normal: Periphery Country Sensitivity to Core Country Conditions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
    See also Journal Article Monetary policy spillovers and the trilemma in the new normal: Periphery country sensitivity to core country conditions, Journal of International Money and Finance, Elsevier (2016) View citations (149) (2016)
53. Precautionary Strategies and Household Saving
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Working Paper Series, Victoria University of Wellington, School of Economics and Finance (2015) View citations (3)
    See also Journal Article Precautionary Strategies and Household Saving, Open Economies Review, Springer (2015) View citations (9) (2015)
54. Tax Revenue Trends in Asia and Latin America: A Comparative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
55. The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2015) View citations (6)
    See also Journal Article Internationalization of the RMB, Capital Market Openness and Financial Reforms in China, Pacific Economic Review, Wiley Blackwell (2015) View citations (19) (2015)

2014

56. Fiscal Challenges in Multilayered Unions: An Overview and Case Study
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Fiscal Challenges in Multilayered Unions: An Overview and Case Study, Social Sciences, MDPI (2015) (2015)
57. Liquidity and Foreign Asset Management Challenges for Latin American Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Chapter Liquidity and Foreign Asset Management Challenges for Latin American Countries, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2015) (2015)
58. The Eurocrisis: Muddling Through, or On the Way to a More Perfect Euro Union?
    NBER Working Papers, National Bureau of Economic Research, Inc
59. The People's Republic of China's Growth, Stability, and Use of International Reserves
    ADBI Working Papers, Asian Development Bank Institute View citations (3)
60. The People’s Republic of China’s Growth, Stability, and Use of International Reserves
    Finance Working Papers, East Asian Bureau of Economic Research View citations (2)
    Also in Macroeconomics Working Papers, East Asian Bureau of Economic Research (2014) View citations (2)
61. The Transmission of Federal Reserve Tapering News to Emerging Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (97)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2014) View citations (94)
    See also Journal Article The Transmission of Federal Reserve Tapering News to Emerging Financial Markets, International Journal of Central Banking, International Journal of Central Banking (2016) View citations (69) (2016)

2013

62. China's Growth, Stability, and Use of International Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article China’s Growth, Stability, and Use of International Reserves, Open Economies Review, Springer (2014) View citations (3) (2014)
63. Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis
    EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey, Ekonomik Yaklasim Association View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (48)
    See also Journal Article Credit ratings and the pricing of sovereign debt during the euro crisis, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2013) View citations (47) (2013)
64. Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute
    BIS Working Papers, Bank for International Settlements View citations (35)
    See also Journal Article Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute, Emerging Markets Review, Elsevier (2013) View citations (33) (2013)
65. Fundamentals and Sovereign Risk of Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    See also Journal Article Fundamentals and Sovereign Risk of Emerging Markets, Pacific Economic Review, Wiley Blackwell (2016) View citations (20) (2016)
66. Living with the Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    See also Journal Article Living with the trilemma constraint: Relative trilemma policy divergence, crises, and output losses for developing countries, Journal of International Money and Finance, Elsevier (2014) View citations (37) (2014)
67. Public and private saving and the long shadow of macroeconomic shocks
    Working Paper Series, Victoria University of Wellington, School of Economics and Finance View citations (1)
68. Real Estate Valuation, Current Account and Credit Growth Patterns, Before and After the 2008-9 Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    See also Journal Article Real estate valuation, current account and credit growth patterns, before and after the 2008–9 crisis, Journal of International Money and Finance, Elsevier (2014) View citations (24) (2014)
69. Real Estate Valuation, Current Account, and Credit Growth Patterns Before and After the 2008–2009 Crisis
    ADBI Working Papers, Asian Development Bank Institute View citations (15)
70. Saving and the Long Shadow of Macroeconomic Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    See also Journal Article Saving and the long shadow of macroeconomic shocks, Journal of Macroeconomics, Elsevier (2015) View citations (8) (2015)
71. Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns
    Staff Working Papers, Bank of Canada View citations (52)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (51)
    See also Journal Article Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns, Journal of International Money and Finance, Elsevier (2013) View citations (49) (2013)

2012

72. Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (73)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (16)
    See also Journal Article Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies, Journal of International Money and Finance, Elsevier (2012) View citations (66) (2012)
73. Central Banks and Gold Puzzles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2012) View citations (12)
    See also Journal Article Central banks and gold puzzles, Journal of the Japanese and International Economies, Elsevier (2013) View citations (14) (2013)
74. Developing countries' financial vulnerability to the euro crisis: An event study of equity and bond markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
75. Financial Sector Ups and Downs and the Real Sector: Up by the Stairs and Down by the Parachute
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (1)
76. Income inequality, tax base and sovereign spreads
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (27)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (28)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2011) View citations (5)
    See also Journal Article Income Inequality, Tax Base and Sovereign Spreads, FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen (2012) View citations (28) (2012)
77. Macroeconomic Adjustment and the History of Crises in Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Working Paper Series, Victoria University of Wellington, School of Economics and Finance (2012)
    See also Journal Article Macroeconomic adjustment and the history of crises in open economies, Journal of International Money and Finance, Elsevier (2013) View citations (24) (2013)
78. The Euro and the global crises: finding the balance between short term stabilization and forward looking reforms
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2012) View citations (12)
79. The Financial Trilemma in China and a Comparative Analysis with India
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (3)
    Also in MPRA Paper, University Library of Munich, Germany (2012) View citations (4)
    MPRA Paper, University Library of Munich, Germany (2011) View citations (10)
    See also Journal Article Financial Trilemma in China and a Comparative Analysis with India, Pacific Economic Review, Wiley Blackwell (2013) View citations (32) (2013)
80. The Relationship between Structural Change and Inequality: A Conceptual Overview with Special Reference to Developing Asia
    ADBI Working Papers, Asian Development Bank Institute View citations (17)
    Also in Working Papers, Economic Research Institute for ASEAN and East Asia (ERIA) (2012) View citations (15)
81. The US 19th and 20th Century Experiences: Lessons for the Eurozone Crisis
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz
82. Trilemma Policy Convergence Patterns and Output Volatility
    Working Papers, Hong Kong Institute for Monetary Research View citations (37)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (38)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2012) View citations (38)
    See also Journal Article Trilemma policy convergence patterns and output volatility, The North American Journal of Economics and Finance, Elsevier (2012) View citations (37) (2012)

2011

83. Capital Flow Types, External Financing Needs, and Industrial Growth: 99 countries, 1991-2007
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (20)
84. Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2011) View citations (17)
    See also Journal Article Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990–2010, Open Economies Review, Springer (2013) View citations (82) (2013)
85. Capital flows: Catalyst or Hindrance to economic takeoffs?
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (22)
86. Determinants of Financial Stress and Recovery during the Great Recession
    Staff Working Papers, Bank of Canada View citations (1)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (4)
87. Evaluating Asian Swap Arrangements
    Governance Working Papers, East Asian Bureau of Economic Research View citations (1)
    Also in Macroeconomics Working Papers, East Asian Bureau of Economic Research (2011) View citations (1)
    ADBI Working Papers, Asian Development Bank Institute (2011) View citations (1)
88. Financial Sector Ups and Downs and the Real Sector: Up by the stairs, down by the parachute
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
89. Financial sector ups and downs and the real sector: big hindrance, little help
    Policy Research Working Paper Series, The World Bank View citations (1)
90. Managing Financial Integration and Capital Mobility— Policy lessons from the past two decades
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (12)
    Also in Policy Research Working Paper Series, The World Bank (2011) View citations (7)
    See also Journal Article Managing Financial Integration and Capital Mobility—Policy Lessons from the Past Two Decades, Review of International Economics, Wiley Blackwell (2013) View citations (5) (2013)
91. NET FISCAL STIMULUS DURING THE GREAT RECESSION
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (4)
92. Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (80)
    Also in ADB Economics Working Paper Series, Asian Development Bank (2009) View citations (6)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (12)
    See also Journal Article Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma, Journal of the Japanese and International Economies, Elsevier (2011) View citations (73) (2011)
93. The Fiscal Stimulus of 2009-10: Trade Openness, Fiscal Space and Exchange Rate Adjustment
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (19)
94. The Impossible Trinity – from the Policy Trilemma to the Policy Quadrilemma
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (11)
    See also Journal Article THE IMPOSSIBLE TRINITY — FROM THE POLICY TRILEMMA TO THE POLICY QUADRILEMMA, Global Journal of Economics (GJE), World Scientific Publishing Co. Pte. Ltd. (2013) View citations (21) (2013)
95. The Net Fiscal Expenditure Stimulus in the U.S., 2008-9: Less than What You Might Think, and Less than the Fiscal Stimuli of Most OECD Countries
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (3)
    See also Journal Article The Net Fiscal Expenditure Stimulus in the US, 2008-9: Less than What You Might Think, and Less than the Fiscal Stimuli of Most OECD Countries, The Economists' Voice, De Gruyter (2011) View citations (4) (2011)
96. Trilemma and Financial Stability Configurations in Asia
    Macroeconomics Working Papers, East Asian Bureau of Economic Research View citations (2)
    Also in ADBI Working Papers, Asian Development Bank Institute (2011) View citations (2)
    Finance Working Papers, East Asian Bureau of Economic Research (2011) View citations (2)
    Governance Working Papers, East Asian Bureau of Economic Research (2011) View citations (2)
97. What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (68)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2011) View citations (67)
    See also Journal Article What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of risk, Journal of International Money and Finance, Elsevier (2013) View citations (262) (2013)

2010

98. Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (5)
    Working Paper Series, Federal Reserve Bank of San Francisco (2010) View citations (5)
99. De facto Fiscal Space and Fiscal Stimulus: Definition and Assessment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) View citations (37)
100. Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (16)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (13)
101. Fiscal fragility: what the past may say about the future
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) View citations (11)
102. From the Great Moderation to the global crisis: Exchange market pressure in the 2000s
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) View citations (5)
     See also Journal Article From the Great Moderation to the Global Crisis: Exchange Market Pressure in the 2000s, Open Economies Review, Springer (2012) View citations (27) (2012)
103. Global Imbalances: Is Germany the new China? A Skeptical View
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (1)
     Also in MPRA Paper, University Library of Munich, Germany (2010) View citations (1)
     See also Journal Article Global Imbalances: Is Germany the New China? A Skeptical View, Open Economies Review, Springer (2011) View citations (10) (2011)
104. International Reserves and Swap Lines in Times of Financial Distress: Overview and Interpretations
     Working Papers, eSocialSciences View citations (4)
     Also in Finance Working Papers, East Asian Bureau of Economic Research (2010) View citations (4)
     ADBI Working Papers, Asian Development Bank Institute (2010) View citations (4)
105. International reserves and swap lines: substitutes or complements?
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (19)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (36)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) View citations (16)
     See also Journal Article International reserves and swap lines: Substitutes or complements?, International Review of Economics & Finance, Elsevier (2011) View citations (62) (2011)
106. Macro prudential supervision in the open economy, and the role of central banks in Emerging Markets
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (5)
     See also Journal Article Macro Prudential Supervision in the Open Economy, and the Role of Central Banks in Emerging Markets, Open Economies Review, Springer (2010) View citations (5) (2010)
107. On the ease of overstating the fiscal stimulus in the US, 2008-9
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (7)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) View citations (7)
     NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (9)
108. The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
     Working Papers, eSocialSciences View citations (7)
     Also in Trade Working Papers, East Asian Bureau of Economic Research (2010) View citations (8)
     ADBI Working Papers, Asian Development Bank Institute (2010) View citations (7)
     See also Chapter The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma, Chapters, Edward Elgar Publishing (2012) (2012)
109. The Impossible Trinity (aka The Policy Trilemma)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (33)

2009

110. Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007: a logistic smooth transition regression (LSTR) approach
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (3)
111. Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (10)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (180)
112. Financial Crisis and the Paradox of Under- and Over-Regulation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
113. Globalization and the Sustainability of Large Current Account Imbalances: Size Matters*
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) View citations (16)
     NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (16)
     See also Journal Article Globalization and the sustainability of large current account imbalances: Size matters, Journal of Macroeconomics, Elsevier (2010) View citations (44) (2010)
114. Hoarding International Reserves Versus a Pigovian Tax-Cum-Subsidy Scheme: Reflections on the Deleveraging Crisis of 2008-9, and a Cost Benefit Analysis
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
     See also Journal Article Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-9, and a cost benefit analysis, Proceedings, Federal Reserve Bank of San Francisco (2010) View citations (2) (2010)
115. On the Paradox of Prudential Regulations in the Globalized Economy: International Reserves and the Crisis a Reassessment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
     Also in Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2009) View citations (11)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (11)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (9)
116. Selective Swap Arrangements and the Global Financial Crisis: Analysis and Interpretation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (21)
     See also Journal Article Selective swap arrangements and the global financial crisis: Analysis and interpretation, International Review of Economics & Finance, Elsevier (2010) View citations (80) (2010)
117. The Financial Crisis and Sizable International Reserves Depletion: From 'Fear of Floating' to the 'Fear of Losing International Reserves'?
     Working Papers, Hong Kong Institute for Monetary Research View citations (39)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (43)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) View citations (11)
     See also Journal Article The financial crisis and sizable international reserves depletion: From ‘fear of floating’ to the ‘fear of losing international reserves’?, International Review of Economics & Finance, Elsevier (2012) View citations (44) (2012)
118. Using Inflation to Erode the U.S. Public Debt
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (10)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (28)
     See also Journal Article Using inflation to erode the US public debt, Journal of Macroeconomics, Elsevier (2011) View citations (63) (2011)

2008

119. Capital Market Imperfections and the Theory of Optimum Currency Areas
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) View citations (4)
     See also Journal Article Capital market imperfections and the theory of optimum currency areas, Journal of International Money and Finance, Elsevier (2011) View citations (6) (2011)
120. Current Account Patterns and National Real Estate Markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) View citations (30)
     See also Journal Article Current account patterns and national real estate markets, Journal of Urban Economics, Elsevier (2009) View citations (159) (2009)
121. Inflation Targeting and Real Exchange Rates in Emerging Markets
     Working Papers, University of Hawaii at Manoa, Department of Economics View citations (39)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (47)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) View citations (36)
     See also Journal Article Inflation Targeting and Real Exchange Rates in Emerging Markets, World Development, Elsevier (2011) View citations (98) (2011)
122. Relative price levels and current accounts: an exploration
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (10)
     See also Journal Article Relative Price Levels and Current Accounts: An Exploration, East Asian Economic Review, Korea Institute for International Economic Policy (2008) View citations (10) (2008)
123. Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
     Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (27)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) View citations (25)
     See also Journal Article Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance, International Finance, Wiley Blackwell (2009) View citations (36) (2009)
124. Sterilization, Monetary Policy, and Global Financial Integration
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
     Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (18)
     See also Journal Article Sterilization, Monetary Policy, and Global Financial Integration, Review of International Economics, Wiley Blackwell (2009) View citations (58) (2009)
125. The Internationalization of Venture Capital and Private Equity
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) View citations (23)
126. The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax"
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article The life cycle of scholars and papers in economics - the 'citation death tax', Applied Economics, Taylor & Francis Journals (2011) View citations (12) (2011)
127. The Real Exchange Rate, Mercantilism and the Learning by Doing Externality
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
     See also Journal Article REAL EXCHANGE RATE, MERCANTILISM AND THE LEARNING BY DOING EXTERNALITY, Pacific Economic Review, Wiley Blackwell (2010) View citations (41) (2010)
128. The US as the "Demander of Last Resort" and its Implications on China's Current Account
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008)

2007

129. Aid Volatility and Poverty Traps
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article Aid volatility and poverty traps, Journal of Development Economics, Elsevier (2010) View citations (37) (2010)
130. Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (72)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2007) View citations (71)
131. Financial versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (4)
     Also in IMF Working Papers, International Monetary Fund (2006) View citations (38)
     NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (34)
     See also Journal Article Financial versus Monetary Mercantilism: Long‐run View of Large International Reserves Hoarding, The World Economy, Wiley Blackwell (2008) View citations (103) (2008)
132. International Reserves Management and the Current Account
     Working Papers Central Bank of Chile, Central Bank of Chile View citations (2)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2007) View citations (2)
     NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (10)
     See also Chapter International Reserve Management and the Current Account, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2008) View citations (4) (2008)
133. Large Hoarding of International Reserves and the Emerging Global Economic Architecture
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
     See also Journal Article LARGE HOARDING OF INTERNATIONAL RESERVES AND THE EMERGING GLOBAL ECONOMIC ARCHITECTURE, Manchester School, University of Manchester (2008) View citations (30) (2008)
134. Prizes for Basic Research -- Human Capital, Economic Might and the Shadow of History
     Working Papers, University of Hawaii at Manoa, Department of Economics View citations (4)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) View citations (3)
     NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (3)
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2006) View citations (3)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006)
     See also Journal Article Prizes for basic research: Human capital, economic might and the shadow of history, Journal of Economic Growth, Springer (2007) View citations (5) (2007)
135. Real exchange rate and international reserves in an era of growing financial and trade integration*
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (1)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (28)
     See also Journal Article Real Exchange Rate and International Reserves in an Era of Growing Financial and Trade Integration, The Review of Economics and Statistics, MIT Press (2008) View citations (61) (2008)
136. Takeoffs
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     Also in Working Paper Series, Federal Reserve Bank of San Francisco (2007)
     See also Journal Article Takeoffs, Review of Development Economics, Wiley Blackwell (2010) (2010)

2006

137. Globalization and Developing Countries - A Shrinking Tax Base?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) View citations (15)
     See also Journal Article Globalisation and Developing Countries - a Shrinking Tax Base?, Journal of Development Studies, Taylor & Francis Journals (2009) View citations (61) (2009)
138. Signaling Credibility --- Choosing Optimal Debt and International Reserves
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006)

2005

139. Ex Ante Carrots instead of Ex Post Sticks: Two Examples
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005)
140. FDI and Trade - Two Way Linkages?
     Economics Study Area Working Papers, East-West Center, Economics Study Area View citations (17)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (20)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (5)
     Working Papers, University of Hawaii at Manoa, Department of Economics (2005) View citations (9)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (5)
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) View citations (5)
     See also Journal Article FDI and trade--Two-way linkages?, The Quarterly Review of Economics and Finance, Elsevier (2006) View citations (52) (2006)
141. Financial Liberalization in Latin-America in the 1990s: A Reassessment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (8)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (8)
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) View citations (8)
     See also Journal Article Financial Liberalisations in Latin America in the 1990s: A Reassessment, The World Economy, Wiley Blackwell (2005) View citations (10) (2005)
142. Globalization and Taste Convergence: The Case of Wine and Beer
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (1)
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) View citations (1)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (1)
     See also Journal Article Globalization and Taste Convergence: the Cases of Wine and Beer, Review of International Economics, Wiley Blackwell (2008) View citations (44) (2008)
143. International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (112)
     Also in Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) View citations (113)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (122)
     NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (109)
     See also Journal Article International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence, Open Economies Review, Springer (2007) View citations (393) (2007)
144. International Reserves: Precautionary vs. Mercantilist Views, Theory and Evidence
     IMF Working Papers, International Monetary Fund View citations (126)
145. Pegged Exchange Rate Regimes -- A Trap?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (3)
     Working Paper Series, Federal Reserve Bank of San Francisco (2005) View citations (6)
     See also Journal Article Pegged Exchange Rate Regimes-A Trap?, Journal of Money, Credit and Banking, Blackwell Publishing (2008) View citations (21) (2008)
146. The Collection Efficiency of the Value Added Tax: Theory and International Evidence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) View citations (27)
     See also Journal Article The collection efficiency of the Value Added Tax: Theory and international evidence, The Journal of International Trade & Economic Development, Taylor & Francis Journals (2008) View citations (65) (2008)

2004

147. Endogenous Financial and Trade Openness
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
     See also Journal Article Endogenous Financial and Trade Openness, Review of Development Economics, Wiley Blackwell (2009) View citations (58) (2009)
148. Endogenous Financial and Trade Openness: Efficiency and Political Economy Considerations
     Working Papers, University of Hawaii at Manoa, Department of Economics View citations (29)
149. Endogenous Financial and Trade Openness: Political Economy Considerations
     Economics Study Area Working Papers, East-West Center, Economics Study Area View citations (28)
150. International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (26)
     Also in Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2004) View citations (27)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) View citations (25)
     NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (32)
     See also Journal Article International reserves management and capital mobility in a volatile world: Policy considerations and a case study of Korea, Journal of the Japanese and International Economies, Elsevier (2007) View citations (26) (2007)
151. Managing Volatility and Crises: A Practitioner's Guide Overview
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
152. Sources for Financing Domestic Capital - is Foreign Saving a Viable Option for Developing Countries?
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz View citations (58)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) View citations (60)
     CASE Network Studies and Analyses, CASE-Center for Social and Economic Research (2004) View citations (80)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) View citations (57)
     NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (58)
     See also Journal Article Sources for financing domestic capital - Is foreign saving a viable option for developing countries?, Journal of International Money and Finance, Elsevier (2007) View citations (72) (2007)

2003

153. Endogenous Financial Openness: Efficiency and Political Economy Considerations
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
154. Institutional efficiency, monitoring costs, and the investment share of FDI
     Working Paper Series, Federal Reserve Bank of San Francisco View citations (4)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (17)
     See also Journal Article Institutional Efficiency, Monitoring Costs and the Investment Share of FDI*, Review of International Economics, Wiley Blackwell (2006) View citations (30) (2006)
155. International Reserve Holdings with Sovereign Risk and Costly Tax Collection
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz View citations (9)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (16)
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (9)
     See also Journal Article International Reserve Holdings with Sovereign Risk and Costly Tax Collection, Economic Journal, Royal Economic Society (2004) View citations (148) (2004)
156. Military Expenditure, Threats, and Growth
     Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (34)
     Also in Working Paper Series, Federal Reserve Bank of San Francisco (2003) View citations (16)
     Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2003) View citations (34)
     NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (34)
     See also Journal Article Military expenditure, threats, and growth, The Journal of International Trade & Economic Development, Taylor & Francis Journals (2006) View citations (119) (2006)
157. On the Hidden Links Between Financial and Trade Opening
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
     See also Journal Article On the hidden links between financial and trade opening, Journal of International Money and Finance, Elsevier (2008) View citations (50) (2008)
158. Reforming the global financial system
     Center for Global, International and Regional Studies, Working Paper Series, Center for Global, International and Regional Studies, UC Santa Cruz View citations (1)
     Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) View citations (1)

2002

159. Financial Opening: Evidence and Policy Options
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
     See also Chapter Financial Opening: Evidence and Policy Options, NBER Chapters, National Bureau of Economic Research, Inc (2004) View citations (19) (2004)
160. Financial sector inefficiencies and the debt Laffer curve
     Policy Research Working Paper Series, The World Bank View citations (1)
     See also Journal Article Financial sector inefficiencies and the debt Laffer curve, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2005) View citations (4) (2005)
161. Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Sargent-Wallace meets Krugman-Flood-Garber, or: why sovereign debt swaps do not avert macroeconomic crises, Economic Journal, Royal Economic Society (2005) View citations (25) (2005)
162. The High Demand for International Reserves in the Far East: What's Going On?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
     Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2002) View citations (18)
     See also Journal Article The high demand for international reserves in the Far East: What is going on?, Journal of the Japanese and International Economies, Elsevier (2003) View citations (151) (2003)
163. Volatility, employment and the patterns of FDI in emerging markets
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
     See also Journal Article Volatility, employment and the patterns of FDI in emerging markets, Journal of Development Economics, Elsevier (2003) View citations (39) (2003)

2001

164. The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
     See also Journal Article The merits of horizontal versus vertical FDI in the presence of uncertainty, Journal of International Economics, Elsevier (2004) View citations (86) (2004)

2000

165. Endogenous Pricing to Market and Financing Costs
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Journal Article Endogenous pricing to market and financing costs, Journal of Monetary Economics, Elsevier (2004) View citations (23) (2004)
166. Exchange Rate Regimes and Financial-Market Imperfections
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
167. Savings and the Terms of Trade Under Borrowing Constraints
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
     Also in Policy Research Working Paper Series, The World Bank (2000) View citations (5)
     See also Journal Article Savings and the terms of trade under borrowing constraints, Journal of International Economics, Elsevier (2004) View citations (25) (2004)
168. The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
     Also in Policy Research Working Paper Series, The World Bank (2000) View citations (36)
     See also Journal Article The credit crunch in East Asia: what can bank excess liquid assets tell us?, Journal of International Money and Finance, Elsevier (2004) View citations (76) (2004)

1999

169. Capital Controls and Financial Crises
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
170. Contagion, bank lending spreads, and output fluctuations
     Policy Research Working Paper Series, The World Bank View citations (10)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (19)
171. Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
172. Financial sector inefficiencies and coordination failures: implications for crisis management
     Policy Research Working Paper Series, The World Bank View citations (8)
173. Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
     Working Papers, University of Washington, Department of Economics View citations (4)
     Also in Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington (1999) View citations (3)
     NBER Working Papers, National Bureau of Economic Research, Inc (1999) View citations (4)
     See also Journal Article Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?, Economic Journal, Royal Economic Society (2002) View citations (15) (2002)
174. Reserve Uncertainty and the Supply of International Credit
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Reserve Uncertainty and the Supply of International Credit, Journal of Money, Credit and Banking, Blackwell Publishing (2002) View citations (11) (2002)
175. Uncertainty and the Disappearance of International Credit
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Uncertainty and the disappearance of international credit, Proceedings, Federal Reserve Bank of San Francisco (1999) View citations (6) (1999)

1998

176. Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
     See also Journal Article Capital Mobility In A Second–Best World: Moral Hazard With Costly Financial Intermediation, Review of International Economics, Wiley Blackwell (2003) View citations (1) (2003)
177. Privatization in Emerging Markets
     NBER Working Papers, National Bureau of Economic Research, Inc
178. Volatility and the Welfare Costs of Financial Market Integration
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
     Also in Policy Research Working Paper Series, The World Bank (1998) View citations (9)

1997

179. Contagion and Volatility with Imperfect Credit Markets
     IMF Working Papers, International Monetary Fund View citations (23)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (31)
     See also Journal Article Contagion and Volatility with Imperfect Credit Markets, IMF Staff Papers, Palgrave Macmillan (1998) View citations (60) (1998)
180. Controlled Openness and Foreign Direct Investment
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Controlled Openness and Foreign Direct Investment, Review of Development Economics, Wiley Blackwell (1998) View citations (4) (1998)
181. International Portfolio Diversification with Generalized Expected Utility Preferences
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Journal Article International Portfolio Diversification with Generalized Expected Utility Preferences, Canadian Journal of Economics, Canadian Economics Association (1999) View citations (8) (1999)
182. Volatility and Financial Intermediation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Volatility and financial intermediation, Journal of International Money and Finance, Elsevier (2003) View citations (22) (2003)

1996

183. New Activities, the Welfare Cost of Uncertainty and Investment Policies
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Journal Article New Activities, the Welfare Cost of Uncertainty and Investment Policies, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1998) View citations (3) (1998)
184. Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     See also Journal Article Optimal tax and debt policy with endogenously imperfect creditworthiness, The Journal of International Trade & Economic Development, Taylor & Francis Journals (2001) View citations (4) (2001)
185. Volatility and the Investment Response
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
186. Wage Dispersion and Technical Progress
     NBER Working Papers, National Bureau of Economic Research, Inc

1995

187. Capital Markets Integration, Volatility and Persistence
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Journal Article Capital Markets Integration, Volatility, and Persistence, Journal of Macroeconomics, Elsevier (1997) View citations (4) (1997)
188. Investment in New Activities and the Welfare Cost of Uncertainty
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Journal Article Investment in new activities and the welfare cost of uncertainty, Journal of Development Economics, Elsevier (1997) View citations (14) (1997)
189. Optimal Buffer Stocks and Precautionary Savings with Disappointment Aversion
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
190. The Impact of Inflation on Budgetary Discipline
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article The impact of inflation on budgetary discipline, Journal of Development Economics, Elsevier (2000) View citations (7) (2000)
191. Trade Liberalization and Unemployment
     IMF Working Papers, International Monetary Fund View citations (2)
192. Volatility, Investment and Disappointment Aversion
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)

1994

193. Foreign Direct Investment, Employment Volatility and Cyclical Dumping
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Journal Article Foreign Direct Investment, Employment Volatility and Cyclical Dumping, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1996) View citations (1) (1996)
194. Macroeconomic Adjustment with Segmented Labor Markets
     IMF Working Papers, International Monetary Fund View citations (14)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1994) View citations (14)
     See also Journal Article Macroeconomic adjustment with segmented labor markets, Journal of Development Economics, Elsevier (1999) View citations (56) (1999)
195. On The Need For Fiscal Discipline in an Union
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
196. Technological Change, Relative Wages, and Unemployment
     IMF Working Papers, International Monetary Fund View citations (5)
     See also Journal Article Technological change, relative wages, and unemployment, European Economic Review, Elsevier (1997) View citations (14) (1997)
197. Why is Inflation Skewed? A Debt and Volatility Story
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

1993

198. Political Feasibility and Investment in Economic Transformations
     IMF Working Papers, International Monetary Fund
199. Resource Allocation During the Transition to a Market Economy: Policy Implications of Supply Bottlenecks and Adjustment Costs
     IMF Working Papers, International Monetary Fund View citations (2)
200. Resource Allocation During the Transition to a Market Economy: Political Implications of Supply Bottlenecks and Adjustment Costs
     NBER Working Papers, National Bureau of Economic Research, Inc

1992

201. A Theory of Optimum Currency Areas: Revisited
     IMF Working Papers, International Monetary Fund View citations (5)
202. Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment
     IMF Working Papers, International Monetary Fund View citations (34)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1992) View citations (44)
203. Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade
     NBER Working Papers, National Bureau of Economic Research, Inc

1991

204. Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Externalities, incentives, and failure to achieve national objectives in decentralized economies, Journal of Development Economics, Elsevier (1993) View citations (5) (1993)
205. Foreign Direct Investment, Productive Capacity and Exchange Rate Regimes
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
206. Policy Uncertainty, Persistence and Growth
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
     See also Journal Article Policy Uncertainty, Persistence and Growth, Review of International Economics, Wiley Blackwell (1993) View citations (193) (1993)
207. Trade Reforms, Credibility, and Development
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article Trade reforms, credibility, and development, Journal of Development Economics, Elsevier (1992) View citations (9) (1992)

1990

208. Capital Controls, Collection Costs, and Domestic Public Debt
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     See also Journal Article Capital controls, collection costs and domestic public debt, Journal of International Money and Finance, Elsevier (1994) View citations (22) (1994)
209. Externalities, Incentives, and Economic Reforms
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
210. Soft Budget Constraints, Taxes, and the Incentive to Cooperate
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Soft Budget Constraints, Taxes, and the Incentive to Cooperate, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1993) View citations (12) (1993)

1989

211. Inward Versus Outward Growth Orientation in the Presence of Country Risk
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
212. Strategic Investment in a Debt Bargaining Framework
     NBER Working Papers, National Bureau of Economic Research, Inc
213. The Competitive Externalities and the Optimal Seignorage
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     See also Journal Article Competitive Externalities and the Optimal Seigniorage, Journal of Money, Credit and Banking, Blackwell Publishing (1992) View citations (68) (1992)
214. World Integration, Competitive and Bargaining Regimes Switch: an Exploration
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article World Integration, Competitive and Bargaining-Regime Switch: An Exploration, Canadian Journal of Economics, Canadian Economics Association (1994) (1994)

1988

215. Debt and Conditionality under Endogenous Terms of Trade Adjustment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Journal Article Debt and Conditionality under Endogenous Terms of Trade Adjustment, IMF Staff Papers, Palgrave Macmillan (1988) View citations (2) (1988)
216. External Debt, Planning Horizon and Distorted Credit Markets
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article External debt, planning horizon, and distorted credit markets, Journal of International Money and Finance, Elsevier (1990) View citations (1) (1990)
217. Trade Dependency, Bargaining and External Debt
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
     See also Journal Article Trade dependency, bargaining and external debt, Journal of International Economics, Elsevier (1991) View citations (3) (1991)

1987

218. Costly Adjustment and Limited Borrowing: A Welfare Analysis of Policiesto Achieve External Balance
     NBER Working Papers, National Bureau of Economic Research, Inc
219. Country Risk and Contingencies
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
220. Investment, Openness, and Country Risk
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
221. Market Power and Exchange Rate Adjustment in the Presence of Quotas
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Market power and exchange rate adjustment in the presence of quotas, Journal of International Economics, Elsevier (1989) View citations (1) (1989)
222. Monopolistic Competition and Labor Market Adjustment in the Open Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
     See also Chapter Monopolistic Competition and Labor Market Adjustment in the Open Economy, NBER Chapters, National Bureau of Economic Research, Inc (1988) (1988)
223. Successful Adjustment in a Multi-Sectoral Economy
     NBER Working Papers, National Bureau of Economic Research, Inc

1986

224. Country Risk and Incentives Schemes
     NBER Working Papers, National Bureau of Economic Research, Inc
225. Country Risk, Asymmetric Information and Domestic Policies
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
226. Labor Markets and the Choice of Technology in an Open Developing Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
227. Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Monopolistic competition, relative prices, and output adjustment in the open economy, Journal of International Money and Finance, Elsevier (1989) View citations (6) (1989)
228. Sectorial Wages and the Real Exchange Rate
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article Sectorial wages and the real exchange rate, Journal of International Economics, Elsevier (1988) View citations (4) (1988)
229. Targeting Rules for Monetary Policy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
     See also Journal Article Targeting rules for monetary policy, Economics Letters, Elsevier (1986) View citations (10) (1986)

1985

230. Inflation, Tariffs and Tax Enforcement Costs
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
231. Monopolistic Competition and Deviations from PPP
     NBER Working Papers, National Bureau of Economic Research, Inc
232. On the Complementarity of Commercial Policy, Capital Controls and Inflation Tax
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     See also Journal Article On the Complementarity of Commercial Policy, Capital Controls, and Inflation Tax, Canadian Journal of Economics, Canadian Economics Association (1986) View citations (14) (1986)
233. Supply Shocks, Wage Indexation and Monetary Accommodation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     See also Journal Article Supply Shocks, Wage Indexation and Monetary Accommodation, Journal of Money, Credit and Banking, Blackwell Publishing (1986) View citations (9) (1986)

1984

234. Optimal Price Adjustment with Time-Dependent Costs
     NBER Working Papers, National Bureau of Economic Research, Inc
235. Optimal Wage Indexation, Foreign-Exchange Intervention and Monetary Policy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
     See also Journal Article Optimal Wage Indexation, Foreign Exchange Intervention, and Monetary Policy, American Economic Review, American Economic Association (1985) View citations (60) (1985)
236. Optimal Wage Re-Negotiation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
237. Stabilization Policies and the Information Content of Real Wages
     NBER Working Papers, National Bureau of Economic Research, Inc
238. Testing Deviations From Purchasing Power Parity (PPP)
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1983

239. A Theory of Current Account and Exchange Rate Determinations
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
     See also Journal Article A theory of current account and exchange rate determinations, European Economic Review, Elsevier (1983) View citations (6) (1983)
240. Adjustment to Monetary Policy and Devaluation Under Two-Tier and Fixed Exchange Rate Regimes
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     See also Journal Article Adjustment to monetary policy and devaluation under two-tier and fixed exchange rate regimes, Journal of Development Economics, Elsevier (1985) View citations (7) (1985)
241. Modeling Deviations from Purchasing Power Parity (PPP)
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Modeling Deviations from Purchasing Power Parity (PPP), International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (1984) View citations (4) (1984)
242. Openness, Relative Prices and Macro Policies
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Openness, relative prices, and macro-policies, Journal of International Money and Finance, Elsevier (1985) View citations (1) (1985)
243. Tariff Liberalization Policy and Financial Restrictions
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article Tariff liberalization policy and financial restrictions, Journal of International Economics, Elsevier (1985) View citations (8) (1985)
244. Wage Contracts with Incomplete and Costly Information
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
245. Wage Flexibility and Openness
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
     See also Journal Article Wage Flexibility and Openness, The Quarterly Journal of Economics, President and Fellows of Harvard College (1985) View citations (10) (1985)

1981

246. Aspects of the Optimal Management of Exchange Rates
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
     See also Journal Article Aspects of the optimal management of exchange rates, Journal of International Economics, Elsevier (1982) View citations (42) (1982)

Journal Articles

2023

1. Fiscal capacity and commercial bank lending under COVID-19
   Journal of the Japanese and International Economies, 2023, 68, (C) View citations (3)
   See also Working Paper Fiscal Capacity and Commercial Bank Lending Under COVID-19, NBER Working Papers (2022) View citations (3) (2022)
2. International Evidence on Vaccines and the Mortality to Infections Ratio in the Pre-Omicron Era
   Economics of Disasters and Climate Change, 2023, 7, (3), 385-405
   See also Working Paper International Evidence on Vaccines and the Mortality to Infections Ratio in the Pre-Omicron Era, CEPR Discussion Papers (2022) (2022)
3. On the effectiveness of foreign exchange reserves during the 2021-22 U.S. monetary tightening cycle
   Economics Letters, 2023, 233, (C) View citations (3)
   See also Working Paper On the Effectiveness of Foreign Exchange Reserves During the 2021-22 U.S. Monetary Tightening Cycle, NBER Working Papers (2023) View citations (4) (2023)
4. Post COVID‐19 exit strategies and emerging markets economic challenges
   Review of International Economics, 2023, 31, (1), 1-34
   See also Working Paper Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges, NBER Working Papers (2020) View citations (5) (2020)
5. The Impacts of Financial Crises on the Trilemma Configurations
   Open Economies Review, 2023, 34, (3), 479-517
   See also Working Paper The Impacts of Financial Crises on the Trilemma Configurations, Discussion papers (2022) (2022)

2022

6. An introduction to the special issue “Financial globalization and de-globalization: Perspectives and prospects”
   Journal of International Money and Finance, 2022, 122, (C)
7. Central bank swap arrangements in the COVID-19 crisis
   Journal of International Money and Finance, 2022, 122, (C) View citations (7)
   See also Working Paper Central Bank Swap Arrangements in the COVID-19 Crisis, NBER Working Papers (2021) View citations (10) (2021)
8. Gaps between official and excess Covid-19 mortality measures: The effects of institutional quality and vaccinations
   Economic Modelling, 2022, 116, (C) View citations (1)
   See also Working Paper Gaps Between Official and Excess Covid-19 Mortality Measures: The Effects of Institutional Quality and Vaccinations, NBER Working Papers (2022) View citations (1) (2022)

2021

9. Emerging markets sovereign CDS spreads during COVID-19: Economics versus epidemiology news
   Economic Modelling, 2021, 100, (C) View citations (18)
   See also Working Paper Emerging Markets Sovereign CDS Spreads During COVID-19: Economics versus Epidemiology News, NBER Working Papers (2020) View citations (5) (2020)
10. Good-bye original sin, hello risk on-off, financial fragility, and crises?
    Journal of International Money and Finance, 2021, 117, (C) View citations (6)
    See also Working Paper Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?, Papers (2022) (2022)
11. Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance
    Journal of Macroeconomics, 2021, 67, (C) View citations (11)
    See also Working Paper Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance, NBER Working Papers (2019) View citations (5) (2019)
12. Pandemic shocks and fiscal-monetary policies in the Eurozone: COVID-19 dominance during January–June 2020
    Oxford Economic Papers, 2021, 73, (4), 1557-1580 View citations (2)
    See also Working Paper Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone: COVID-19 Dominance During January - June 2020, NBER Working Papers (2020) View citations (8) (2020)

2020

13. Accounting for Global COVID-19 Diffusion Patterns, January–April 2020
    Economics of Disasters and Climate Change, 2020, 4, (3), 515-559 View citations (12)
    See also Working Paper Accounting for Global COVID-19 Diffusion Patterns, January-April 2020, NBER Working Papers (2020) View citations (20) (2020)
14. Financial Spillovers and Macroprudential Policies
    Open Economies Review, 2020, 31, (3), 529-563 View citations (18)
    See also Working Paper Financial Spillovers and Macroprudential Policies, NBER Working Papers (2017) View citations (9) (2017)
15. Hoarding for stormy days—Test of international reserves adjustment providing financial buffer stock services
    Review of International Economics, 2020, 28, (3), 656-675 View citations (9)
16. Overview: Global safe assets, international reserves, and capital flow
    Journal of International Money and Finance, 2020, 102, (C)
17. The Political-Economy Trilemma
    Open Economies Review, 2020, 31, (5), 945-975 View citations (3)
    See also Working Paper The Political-Economy Trilemma, Discussion papers (2020) View citations (2) (2020)
18. The currency composition of international reserves, demand for international reserves, and global safe assets
    Journal of International Money and Finance, 2020, 102, (C) View citations (18)
    See also Working Paper The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets, NBER Working Papers (2019) View citations (9) (2019)
19. U.S. Macro Policies and Global Economic Challenges
    East Asian Economic Review, 2020, 24, (4), 469-495
    See also Working Paper U.S. Macro Policies and Global Economic Challenges, NBER Working Papers (2020) (2020)

2019

20. A modern reincarnation of Mundell-Fleming's trilemma
    Economic Modelling, 2019, 81, (C), 444-454 View citations (17)
21. Fiscal space and government-spending and tax-rate cyclicality patterns: A cross-country comparison, 1960–2016
    Journal of Macroeconomics, 2019, 60, (C), 229-252 View citations (29)
22. Housing Bubbles, Economic Growth, and Institutions
    Open Economies Review, 2019, 30, (4), 655-674 View citations (4)
23. Tax Revenue Trends in Latin America and Asia: A Comparative Analysis
    Emerging Markets Finance and Trade, 2019, 55, (2), 427-449
24. The Interest Rate Effect on Private Saving: Alternative Perspectives
    Journal of International Commerce, Economics and Policy (JICEP), 2019, 10, (01), 1-37 View citations (8)
    See also Working Paper The Interest Rate Effect on Private Saving: Alternative Perspectives, GRU Working Paper Series (2019) (2019)

2018

25. Chinese outwards mercantilism – The art and practice of bundling
    Journal of International Money and Finance, 2018, 86, (C), 31-49 View citations (5)
    See also Working Paper Chinese Outwards Mercantilism – the Art and Practice of Bundling, NBER Working Papers (2015) View citations (5) (2015)
26. Domestic and multilateral effects of capital controls in emerging markets
    Journal of International Economics, 2018, 115, (C), 48-58 View citations (53)
    See also Working Paper Domestic and Multilateral Effects of Capital Controls in Emerging Markets, Staff Working Papers (2015) View citations (32) (2015)
27. Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008
    Emerging Markets Finance and Trade, 2018, 54, (5), 1112-1131 View citations (4)
    See also Working Paper Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008, NBER Working Papers (2017) (2017)
28. Optimal Currency Area: A twentieth Century Idea for the twenty-first Century?
    Open Economies Review, 2018, 29, (2), 373-382 View citations (7)
29. Overcoming the Middle-Income Challenge
    Emerging Markets Finance and Trade, 2018, 54, (6), 1205-1207
30. Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies
    Open Economies Review, 2018, 29, (3), 641-664 View citations (2)
    See also Working Paper Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies, NBER Working Papers (2017) View citations (1) (2017)

2017

31. Balance sheet effects on monetary and financial spillovers: The East Asian crisis plus 20
    Journal of International Money and Finance, 2017, 74, (C), 258-282 View citations (19)
    See also Working Paper Balance Sheet Effects on Monetary and Financial Spillovers: The East Asian Crisis Plus 20, NBER Working Papers (2016) View citations (5) (2016)

2016

32. Developing countries’ financial vulnerability to the eurozone crisis: an event study of equity and bond markets
    Journal of Economic Policy Reform, 2016, 19, (1), 1-19 View citations (14)
33. Exchange market pressure in OECD and emerging economies: Domestic vs. external factors and capital flows in the old and new normal
    Journal of International Money and Finance, 2016, 66, (C), 65-87 View citations (37)
    See also Working Paper Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal, NBER Working Papers (2015) View citations (23) (2015)
34. Fundamentals and Sovereign Risk of Emerging Markets
    Pacific Economic Review, 2016, 21, (2), 151-177 View citations (20)
    See also Working Paper Fundamentals and Sovereign Risk of Emerging Markets, NBER Working Papers (2013) View citations (17) (2013)
35. International Coordination and Precautionary Policies
    International Economic Journal, 2016, 30, (3), 379-391 View citations (3)
    See also Working Paper International Coordination and Precautionary Policies, NBER Working Papers (2015) View citations (3) (2015)
36. Monetary policy spillovers and the trilemma in the new normal: Periphery country sensitivity to core country conditions
    Journal of International Money and Finance, 2016, 68, (C), 298-330 View citations (149)
    See also Working Paper Monetary Policy Spillovers and the Trilemma in the New Normal: Periphery Country Sensitivity to Core Country Conditions, NBER Working Papers (2015) View citations (57) (2015)
37. The Transmission of Federal Reserve Tapering News to Emerging Financial Markets
    International Journal of Central Banking, 2016, 12, (2), 317-356 View citations (69)
    See also Working Paper The Transmission of Federal Reserve Tapering News to Emerging Financial Markets, NBER Working Papers (2014) View citations (97) (2014)

2015

38. Desafíos del Manejo de la Liquidez y de los Activos Internacionales en Latinoamérica
    Journal Economía Chilena (The Chilean Economy), 2015, 18, (2), 62-96
39. Fiscal Challenges in Multilayered Unions: An Overview and Case Study
    Social Sciences, 2015, 4, (2), 1-20
    See also Working Paper Fiscal Challenges in Multilayered Unions: An Overview and Case Study, NBER Working Papers (2014) View citations (5) (2014)
40. International reserves before and after the global crisis: Is there no end to hoarding?
    Journal of International Money and Finance, 2015, 52, (C), 102-126 View citations (67)
    See also Working Paper International Reserves Before and After the Global Crisis: Is There No End to Hoarding?, CESifo Working Paper Series (2015) View citations (66) (2015)
41. Internationalization of the RMB, Capital Market Openness and Financial Reforms in China
    Pacific Economic Review, 2015, 20, (3), 444-460 View citations (19)
    See also Working Paper The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China, NBER Working Papers (2015) View citations (19) (2015)
42. Precautionary Strategies and Household Saving
    Open Economies Review, 2015, 26, (5), 911-939 View citations (9)
    See also Working Paper Precautionary Strategies and Household Saving, NBER Working Papers (2015) View citations (9) (2015)
43. Saving and the long shadow of macroeconomic shocks
    Journal of Macroeconomics, 2015, 46, (C), 147-159 View citations (8)
    See also Working Paper Saving and the Long Shadow of Macroeconomic Shocks, NBER Working Papers (2013) View citations (5) (2013)
44. The Eurocrisis: Muddling through, or on the Way to a More Perfect Euro Union&quest
    Comparative Economic Studies, 2015, 57, (2), 205-221 View citations (7)

2014

45. Asset Class Diversification and Delegation of Responsibilities between a Central Bank of Sovereign Wealth Fund
    International Journal of Central Banking, 2014, 10, (3), 129-161
46. China’s Growth, Stability, and Use of International Reserves
    Open Economies Review, 2014, 25, (3), 407-428 View citations (3)
    See also Working Paper China's Growth, Stability, and Use of International Reserves, NBER Working Papers (2013) View citations (6) (2013)
47. Living with the trilemma constraint: Relative trilemma policy divergence, crises, and output losses for developing countries
    Journal of International Money and Finance, 2014, 49, (PA), 28-51 View citations (37)
    See also Working Paper Living with the Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries, NBER Working Papers (2013) View citations (11) (2013)
48. Real estate valuation, current account and credit growth patterns, before and after the 2008–9 crisis
    Journal of International Money and Finance, 2014, 48, (PB), 249-270 View citations (24)
    See also Working Paper Real Estate Valuation, Current Account and Credit Growth Patterns, Before and After the 2008-9 Crisis, NBER Working Papers (2013) View citations (16) (2013)
49. The More Divergent, the Better? Lessons on Trilemma Policies and Crises for Asia
    Asian Development Review, 2014, 31, (2), 21-54 View citations (5)

2013

50. Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990–2010
    Open Economies Review, 2013, 24, (3), 371-396 View citations (82)
    See also Working Paper Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010, NBER Working Papers (2011) View citations (11) (2011)
51. Central banks and gold puzzles
    Journal of the Japanese and International Economies, 2013, 28, (C), 69-90 View citations (14)
    See also Working Paper Central Banks and Gold Puzzles, NBER Working Papers (2012) View citations (13) (2012)
52. Credit ratings and the pricing of sovereign debt during the euro crisis
    Oxford Review of Economic Policy, 2013, 29, (3), 582-609 View citations (47)
    See also Working Paper Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis, EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey (2013) View citations (47) (2013)
53. Financial Trilemma in China and a Comparative Analysis with India
    Pacific Economic Review, 2013, 18, (2), 123-146 View citations (32)
    See also Working Paper The Financial Trilemma in China and a Comparative Analysis with India, Santa Cruz Department of Economics, Working Paper Series (2012) View citations (3) (2012)
54. Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute
    Emerging Markets Review, 2013, 16, (C), 1-30 View citations (33)
    See also Working Paper Financial sector ups and downs and the real sector in the open economy: Up by the stairs, down by the parachute, BIS Working Papers (2013) View citations (35) (2013)
55. Macroeconomic adjustment and the history of crises in open economies
    Journal of International Money and Finance, 2013, 38, (C), 41-58 View citations (24)
    See also Working Paper Macroeconomic Adjustment and the History of Crises in Open Economies, NBER Working Papers (2012) View citations (5) (2012)
56. Managing Financial Integration and Capital Mobility—Policy Lessons from the Past Two Decades
    Review of International Economics, 2013, 21, (4), 636-653 View citations (5)
    See also Working Paper Managing Financial Integration and Capital Mobility— Policy lessons from the past two decades, Santa Cruz Department of Economics, Working Paper Series (2011) View citations (12) (2011)
57. Special Issue. Guest Editor: Zhihao Yu
    Review of Development Economics, 2013, 17, (3), 397-413
58. THE IMPOSSIBLE TRINITY — FROM THE POLICY TRILEMMA TO THE POLICY QUADRILEMMA
    Global Journal of Economics (GJE), 2013, 02, (01), 1-17 View citations (21)
    See also Working Paper The Impossible Trinity – from the Policy Trilemma to the Policy Quadrilemma, Santa Cruz Department of Economics, Working Paper Series (2011) View citations (11) (2011)
59. The Eurozone Crisis: Muddling through on the Way to a More Perfect Euro Union?
    Social Sciences, 2013, 2, (4), 1-13 View citations (6)
60. The “Impossible Trinity” Hypothesis in an Era of Global Imbalances: Measurement and Testing
    Review of International Economics, 2013, 21, (3), 447-458 View citations (117)
61. What is the risk of European sovereign debt defaults? Fiscal space, CDS spreads and market pricing of risk
    Journal of International Money and Finance, 2013, 34, (C), 37-59 View citations (262)
    See also Working Paper What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk, NBER Working Papers (2011) View citations (68) (2011)
62. Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns
    Journal of International Money and Finance, 2013, 39, (C), 28-64 View citations (49)
    See also Working Paper Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns, Staff Working Papers (2013) View citations (52) (2013)

2012

63. Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies
    Journal of International Money and Finance, 2012, 31, (8), 1990-2016 View citations (66)
    See also Working Paper Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies, Santa Cruz Department of Economics, Working Paper Series (2012) View citations (73) (2012)
64. Exchange market pressure and absorption by international reserves: Emerging markets and fear of reserve loss during the 2008–2009 crisis
    Journal of International Money and Finance, 2012, 31, (5), 1076-1091 View citations (66)
65. From the Great Moderation to the Global Crisis: Exchange Market Pressure in the 2000s
    Open Economies Review, 2012, 23, (4), 597-621 View citations (27)
    See also Working Paper From the Great Moderation to the global crisis: Exchange market pressure in the 2000s, NBER Working Papers (2010) View citations (6) (2010)
66. Income Inequality, Tax Base and Sovereign Spreads
    FinanzArchiv: Public Finance Analysis, 2012, 68, (4), 431-444 View citations (28)
    See also Working Paper Income inequality, tax base and sovereign spreads, Santa Cruz Department of Economics, Working Paper Series (2012) View citations (27) (2012)
67. Overview of the special issue on international finance in the aftermath of the 2008 global crisis
    The North American Journal of Economics and Finance, 2012, 23, (3), 265-268 View citations (2)
68. Overview of the special issue on “Policy Implications of and Lessons from the Global Financial Crisis”
    Journal of International Money and Finance, 2012, 31, (8), 1971-1975 View citations (2)
69. The Fiscal Stimulus of 2009-2010: Trade Openness, Fiscal Space, and Exchange Rate Adjustment
    NBER International Seminar on Macroeconomics, 2012, 8, (1), 301 - 342 View citations (9)
    See also Chapter The Fiscal Stimulus of 2009-2010: Trade Openness, Fiscal Space, and Exchange Rate Adjustment, NBER Chapters, 2011, 301-342 (2011) View citations (23) (2011)
70. The financial crisis and sizable international reserves depletion: From ‘fear of floating’ to the ‘fear of losing international reserves’?
    International Review of Economics & Finance, 2012, 24, (C), 250-269 View citations (44)
    See also Working Paper The Financial Crisis and Sizable International Reserves Depletion: From 'Fear of Floating' to the 'Fear of Losing International Reserves'?, Working Papers (2009) View citations (39) (2009)
71. The internationalization of venture capital
    Journal of Economic Studies, 2012, 39, (5), 488-511 View citations (29)
72. Trilemma policy convergence patterns and output volatility
    The North American Journal of Economics and Finance, 2012, 23, (3), 269-285 View citations (37)
    See also Working Paper Trilemma Policy Convergence Patterns and Output Volatility, Working Papers (2012) View citations (37) (2012)

2011

73. Capital market imperfections and the theory of optimum currency areas
    Journal of International Money and Finance, 2011, 30, (8), 1659-1675 View citations (6)
    See also Working Paper Capital Market Imperfections and the Theory of Optimum Currency Areas, NBER Working Papers (2008) View citations (4) (2008)
74. Global Imbalances: Is Germany the New China? A Skeptical View
    Open Economies Review, 2011, 22, (3), 387-400 View citations (10)
    See also Working Paper Global Imbalances: Is Germany the new China? A Skeptical View, Santa Cruz Department of Economics, Working Paper Series (2010) View citations (1) (2010)
75. Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-2009, and a cost benefit analysis
    Journal of Economic Dynamics and Control, 2011, 35, (9), 1502-1513 View citations (22)
76. Inflation Targeting and Real Exchange Rates in Emerging Markets
    World Development, 2011, 39, (5), 712-724 View citations (98)
    See also Working Paper Inflation Targeting and Real Exchange Rates in Emerging Markets, Working Papers (2008) View citations (39) (2008)
77. International reserves and swap lines: Substitutes or complements?
    International Review of Economics & Finance, 2011, 20, (1), 5-18 View citations (62)
    See also Working Paper International reserves and swap lines: substitutes or complements?, Santa Cruz Department of Economics, Working Paper Series (2010) View citations (19) (2010)
78. Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma
    Journal of the Japanese and International Economies, 2011, 25, (3), 290-320 View citations (73)
    See also Working Paper Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma, Santa Cruz Department of Economics, Working Paper Series (2011) View citations (80) (2011)
79. The Net Fiscal Expenditure Stimulus in the US, 2008-9: Less than What You Might Think, and Less than the Fiscal Stimuli of Most OECD Countries
    The Economists' Voice, 2011, 8, (2), 6 View citations (4)
    See also Working Paper The Net Fiscal Expenditure Stimulus in the U.S., 2008-9: Less than What You Might Think, and Less than the Fiscal Stimuli of Most OECD Countries, Santa Cruz Department of Economics, Working Paper Series (2011) View citations (3) (2011)
80. The emerging global financial architecture and exchange rate regimes in a volatile world
    International Review of Economics & Finance, 2011, 20, (1), 1-4 View citations (3)
81. The life cycle of scholars and papers in economics - the 'citation death tax'
    Applied Economics, 2011, 43, (27), 4135-4148 View citations (12)
    See also Working Paper The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax", NBER Working Papers (2008) View citations (2) (2008)
82. Using inflation to erode the US public debt
    Journal of Macroeconomics, 2011, 33, (4), 524-541 View citations (63)
    See also Working Paper Using Inflation to Erode the U.S. Public Debt, Santa Cruz Department of Economics, Working Paper Series (2009) View citations (10) (2009)

2010

83. Aid volatility and poverty traps
    Journal of Development Economics, 2010, 91, (1), 1-7 View citations (37)
    See also Working Paper Aid Volatility and Poverty Traps, NBER Working Papers (2007) View citations (2) (2007)
84. Globalization and the sustainability of large current account imbalances: Size matters
    Journal of Macroeconomics, 2010, 32, (1), 35-44 View citations (44)
    See also Working Paper Globalization and the Sustainability of Large Current Account Imbalances: Size Matters*, Santa Cruz Department of Economics, Working Paper Series (2009) (2009)
85. Hoarding international reserves versus a Pigovian tax-cum-subsidy scheme: Reflections on the deleveraging crisis of 2008-9, and a cost benefit analysis
    Proceedings, 2010, (Oct) View citations (2)
    See also Working Paper Hoarding International Reserves Versus a Pigovian Tax-Cum-Subsidy Scheme: Reflections on the Deleveraging Crisis of 2008-9, and a Cost Benefit Analysis, NBER Working Papers (2009) View citations (21) (2009)
86. Macro Prudential Supervision in the Open Economy, and the Role of Central Banks in Emerging Markets
    Open Economies Review, 2010, 21, (3), 465-482 View citations (5)
    See also Working Paper Macro prudential supervision in the open economy, and the role of central banks in Emerging Markets, Santa Cruz Department of Economics, Working Paper Series (2010) View citations (5) (2010)
87. REAL EXCHANGE RATE, MERCANTILISM AND THE LEARNING BY DOING EXTERNALITY
    Pacific Economic Review, 2010, 15, (3), 324-335 View citations (41)
    See also Working Paper The Real Exchange Rate, Mercantilism and the Learning by Doing Externality, NBER Working Papers (2008) View citations (13) (2008)
88. Selective swap arrangements and the global financial crisis: Analysis and interpretation
    International Review of Economics & Finance, 2010, 19, (3), 353-365 View citations (80)
    See also Working Paper Selective Swap Arrangements and the Global Financial Crisis: Analysis and Interpretation, NBER Working Papers (2009) View citations (21) (2009)
89. Takeoffs
    Review of Development Economics, 2010, 14, (2), 177-196
    See also Working Paper Takeoffs, NBER Working Papers (2007) View citations (1) (2007)
90. The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration
    Journal of International Money and Finance, 2010, 29, (4), 615-641 View citations (227)
91. The emerging global financial architecture: What's new and what's old?
    Journal of International Money and Finance, 2010, 29, (4), 599-602

2009

92. Current account patterns and national real estate markets
    Journal of Urban Economics, 2009, 66, (2), 75-89 View citations (159)
    See also Working Paper Current Account Patterns and National Real Estate Markets, NBER Working Papers (2008) View citations (31) (2008)
93. Endogenous Financial and Trade Openness
    Review of Development Economics, 2009, 13, (2), 175-189 View citations (58)
    See also Working Paper Endogenous Financial and Trade Openness, NBER Working Papers (2004) View citations (53) (2004)
94. Globalisation and Developing Countries - a Shrinking Tax Base?
    Journal of Development Studies, 2009, 45, (5), 653-671 View citations (61)
    See also Working Paper Globalization and Developing Countries - A Shrinking Tax Base?, NBER Working Papers (2006) View citations (15) (2006)
95. Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance
    International Finance, 2009, 12, (3), 351-386 View citations (36)
    See also Working Paper Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance, NBER Working Papers (2008) View citations (25) (2008)
96. Sterilization, Monetary Policy, and Global Financial Integration
    Review of International Economics, 2009, 17, (4), 777-801 View citations (58)
    See also Working Paper Sterilization, Monetary Policy, and Global Financial Integration, NBER Working Papers (2008) View citations (28) (2008)
97. THE USA AS THE ‘DEMANDER OF LAST RESORT’ AND THE IMPLICATIONS FOR CHINA'S CURRENT ACCOUNT
    Pacific Economic Review, 2009, 14, (3), 426-442 View citations (4)
98. Understanding Global Liquidity in a Volatile World
    Review of International Economics, 2009, 17, (4), 651-654 View citations (3)

2008

99. External Shocks, Bank Lending Spreads, and Output Fluctuations*
    Review of International Economics, 2008, 16, (1), 1-20 View citations (9)
100. Financial versus Monetary Mercantilism: Long‐run View of Large International Reserves Hoarding
     The World Economy, 2008, 31, (5), 593-611 View citations (103)
     See also Working Paper Financial versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding, Santa Cruz Department of Economics, Working Paper Series (2007) View citations (4) (2007)
101. Globalization and Taste Convergence: the Cases of Wine and Beer
     Review of International Economics, 2008, 16, (2), 217-233 View citations (44)
     See also Working Paper Globalization and Taste Convergence: The Case of Wine and Beer, NBER Working Papers (2005) View citations (3) (2005)
102. LARGE HOARDING OF INTERNATIONAL RESERVES AND THE EMERGING GLOBAL ECONOMIC ARCHITECTURE
     Manchester School, 2008, 76, (5), 487-503 View citations (30)
     See also Working Paper Large Hoarding of International Reserves and the Emerging Global Economic Architecture, NBER Working Papers (2007) View citations (26) (2007)
103. On the hidden links between financial and trade opening
     Journal of International Money and Finance, 2008, 27, (3), 372-386 View citations (50)
     See also Working Paper On the Hidden Links Between Financial and Trade Opening, NBER Working Papers (2003) View citations (31) (2003)
104. Pegged Exchange Rate Regimes-A Trap?
     Journal of Money, Credit and Banking, 2008, 40, (4), 817-835 View citations (21)
     Also in Journal of Money, Credit and Banking, 2008, 40, (4), 817-835 (2008) View citations (6)
     See also Working Paper Pegged Exchange Rate Regimes -- A Trap?, NBER Working Papers (2005) View citations (10) (2005)
105. Real Exchange Rate and International Reserves in an Era of Growing Financial and Trade Integration
     The Review of Economics and Statistics, 2008, 90, (4), 812-815 View citations (61)
     See also Working Paper Real exchange rate and international reserves in an era of growing financial and trade integration*, Santa Cruz Department of Economics, Working Paper Series (2007) View citations (1) (2007)
106. Relative Price Levels and Current Accounts: An Exploration
     East Asian Economic Review, 2008, 12, (2), 3-32 View citations (10)
     See also Working Paper Relative price levels and current accounts: an exploration, Santa Cruz Department of Economics, Working Paper Series (2008) View citations (10) (2008)
107. The collection efficiency of the Value Added Tax: Theory and international evidence
     The Journal of International Trade & Economic Development, 2008, 17, (3), 391-410 View citations (65)
     See also Working Paper The Collection Efficiency of the Value Added Tax: Theory and International Evidence, NBER Working Papers (2005) View citations (33) (2005)

2007

108. International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence
     Open Economies Review, 2007, 18, (2), 191-214 View citations (393)
     Also in Proceedings, 2005 (2005) View citations (83)
     See also Working Paper International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence, Santa Cruz Department of Economics, Working Paper Series (2005) View citations (112) (2005)
109. International reserves management and capital mobility in a volatile world: Policy considerations and a case study of Korea
     Journal of the Japanese and International Economies, 2007, 21, (1), 1-15 View citations (26)
     See also Working Paper International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea, Santa Cruz Department of Economics, Working Paper Series (2004) View citations (26) (2004)
110. Overview of conference volume "Financial and Commercial Integrations"
     Journal of International Money and Finance, 2007, 26, (5), 657-662
111. Prizes for basic research: Human capital, economic might and the shadow of history
     Journal of Economic Growth, 2007, 12, (3), 261-282 View citations (5)
     See also Working Paper Prizes for Basic Research -- Human Capital, Economic Might and the Shadow of History, Working Papers (2007) View citations (4) (2007)
112. Sources for financing domestic capital - Is foreign saving a viable option for developing countries?
     Journal of International Money and Finance, 2007, 26, (5), 682-702 View citations (72)
     See also Working Paper Sources for Financing Domestic Capital - is Foreign Saving a Viable Option for Developing Countries?, Santa Cruz Center for International Economics, Working Paper Series (2004) View citations (58) (2004)
113. Sovereign wealth funds: stumbling blocks or stepping stones to financial globalization?
     FRBSF Economic Letter, 2007, (dec14) View citations (14)

2006

114. FDI and trade--Two-way linkages?
     The Quarterly Review of Economics and Finance, 2006, 46, (3), 317-337 View citations (52)
     See also Working Paper FDI and Trade - Two Way Linkages?, Economics Study Area Working Papers (2005) View citations (17) (2005)
115. Institutional Efficiency, Monitoring Costs and the Investment Share of FDI*
     Review of International Economics, 2006, 14, (4), 683-697 View citations (30)
     See also Working Paper Institutional efficiency, monitoring costs, and the investment share of FDI, Working Paper Series (2003) View citations (4) (2003)
116. Investment and deposit contracts under costly intermediation and aggregate volatility
     International Review of Economics & Finance, 2006, 15, (3), 263-275 View citations (2)
117. Military expenditure, threats, and growth
     The Journal of International Trade & Economic Development, 2006, 15, (2), 129-155 View citations (119)
     See also Working Paper Military Expenditure, Threats, and Growth, Santa Cruz Department of Economics, Working Paper Series (2003) View citations (34) (2003)

2005

118. Financial Liberalisations in Latin America in the 1990s: A Reassessment
     The World Economy, 2005, 28, (7), 959-983 View citations (10)
     See also Working Paper Financial Liberalization in Latin-America in the 1990s: A Reassessment, NBER Working Papers (2005) View citations (8) (2005)
119. Financial liberalization: how well has it worked for developing countries?
     FRBSF Economic Letter, 2005, (apr8) View citations (1)
120. Financial sector inefficiencies and the debt Laffer curve
     International Journal of Finance & Economics, 2005, 10, (1), 1-13 View citations (4)
     See also Working Paper Financial sector inefficiencies and the debt Laffer curve, Policy Research Working Paper Series (2002) View citations (1) (2002)
121. Opposition to FDI and financial shocks
     Journal of Development Economics, 2005, 77, (2), 467-476 View citations (3)
122. Sargent-Wallace meets Krugman-Flood-Garber, or: why sovereign debt swaps do not avert macroeconomic crises
     Economic Journal, 2005, 115, (503), 343-367 View citations (25)
     See also Working Paper Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises, NBER Working Papers (2002) View citations (5) (2002)

2004

123. Endogenous pricing to market and financing costs
     Journal of Monetary Economics, 2004, 51, (4), 691-712 View citations (23)
     See also Working Paper Endogenous Pricing to Market and Financing Costs, NBER Working Papers (2000) View citations (3) (2000)
124. Financial Opening and Development: Evidence and Policy Controversies
     American Economic Review, 2004, 94, (2), 65-70 View citations (52)
125. International Reserve Holdings with Sovereign Risk and Costly Tax Collection
     Economic Journal, 2004, 114, (497), 569-591 View citations (148)
     See also Working Paper International Reserve Holdings with Sovereign Risk and Costly Tax Collection, Santa Cruz Center for International Economics, Working Paper Series (2003) View citations (9) (2003)
126. Savings and the terms of trade under borrowing constraints
     Journal of International Economics, 2004, 63, (2), 321-340 View citations (25)
     See also Working Paper Savings and the Terms of Trade Under Borrowing Constraints, NBER Working Papers (2000) View citations (8) (2000)
127. The credit crunch in East Asia: what can bank excess liquid assets tell us?
     Journal of International Money and Finance, 2004, 23, (1), 27-49 View citations (76)
     See also Working Paper The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?, NBER Working Papers (2000) View citations (34) (2000)
128. The merits of horizontal versus vertical FDI in the presence of uncertainty
     Journal of International Economics, 2004, 62, (1), 125-148 View citations (86)
     See also Working Paper The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty, NBER Working Papers (2001) View citations (10) (2001)

2003

129. Capital Mobility In A Second–Best World: Moral Hazard With Costly Financial Intermediation
     Review of International Economics, 2003, 11, (1), 1-17 View citations (1)
     See also Working Paper Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation, NBER Working Papers (1998) View citations (21) (1998)
130. Foreign exchange reserves in East Asia: why the high demand?
     FRBSF Economic Letter, 2003, (apr25) View citations (5)
131. Overview of conference volume "Regional and International Implications of the Financial Instability in Latin America"
     Journal of International Money and Finance, 2003, 22, (7), 887-893 View citations (1)
132. The high demand for international reserves in the Far East: What is going on?
     Journal of the Japanese and International Economies, 2003, 17, (3), 370-400 View citations (151)
     Also in Proceedings, 2002, (Sep) (2002) View citations (19)
     See also Working Paper The High Demand for International Reserves in the Far East: What's Going On?, NBER Working Papers (2002) View citations (28) (2002)
133. Volatility and financial intermediation
     Journal of International Money and Finance, 2003, 22, (5), 657-679 View citations (22)
     See also Working Paper Volatility and Financial Intermediation, NBER Working Papers (1997) View citations (5) (1997)
134. Volatility, employment and the patterns of FDI in emerging markets
     Journal of Development Economics, 2003, 72, (2), 585-601 View citations (39)
     See also Working Paper Volatility, employment and the patterns of FDI in emerging markets, NBER Working Papers (2002) View citations (7) (2002)

2002

135. Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
     Economic Journal, 2002, 112, (476), 107-132 View citations (15)
     See also Working Paper Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?, Working Papers (1999) View citations (4) (1999)
136. Reserve Uncertainty and the Supply of International Credit
     Journal of Money, Credit and Banking, 2002, 34, (3), 631-49 View citations (11)
     See also Working Paper Reserve Uncertainty and the Supply of International Credit, NBER Working Papers (1999) View citations (5) (1999)

2001

137. De-industrialization and Emerging Market Economies
     Journal of Economic Development, 2001, 26, (1), 25-36
138. Optimal tax and debt policy with endogenously imperfect creditworthiness
     The Journal of International Trade & Economic Development, 2001, 9, (4), 367-395 View citations (4)
     See also Working Paper Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness, NBER Working Papers (1996) View citations (18) (1996)
139. Real Exchange Rate Overshooting and Capital Controls in a Crisis
     The Japanese Economic Review, 2001, 52, (4), 417-428 View citations (1)

2000

140. The impact of inflation on budgetary discipline
     Journal of Development Economics, 2000, 63, (2), 425-449 View citations (7)
     See also Working Paper The Impact of Inflation on Budgetary Discipline, NBER Working Papers (1995) View citations (2) (1995)

1999

141. International Portfolio Diversification with Generalized Expected Utility Preferences
     Canadian Journal of Economics, 1999, 32, (4), 995-1008 View citations (8)
     See also Working Paper International Portfolio Diversification with Generalized Expected Utility Preferences, NBER Working Papers (1997) View citations (1) (1997)
142. Macroeconomic adjustment with segmented labor markets
     Journal of Development Economics, 1999, 58, (2), 277-296 View citations (56)
     See also Working Paper Macroeconomic Adjustment with Segmented Labor Markets, IMF Working Papers (1994) View citations (14) (1994)
143. Uncertainty and the disappearance of international credit
     Proceedings, 1999, (Sep) View citations (6)
     See also Working Paper Uncertainty and the Disappearance of International Credit, NBER Working Papers (1999) View citations (5) (1999)
144. Volatility and Investment: Interpreting Evidence from Developing Countries
     Economica, 1999, 66, (262), 157-1179 View citations (16)

1998

145. Buffer stocks and precautionary savings with loss aversion
     Journal of International Money and Finance, 1998, 17, (6), 931-947 View citations (29)
146. Contagion and Volatility with Imperfect Credit Markets
     IMF Staff Papers, 1998, 45, (2), 207-235 View citations (60)
     See also Working Paper Contagion and Volatility with Imperfect Credit Markets, IMF Working Papers (1997) View citations (23) (1997)
147. Controlled Openness and Foreign Direct Investment
     Review of Development Economics, 1998, 2, (1), 1-10 View citations (4)
     See also Working Paper Controlled Openness and Foreign Direct Investment, NBER Working Papers (1997) (1997)
148. New Activities, the Welfare Cost of Uncertainty and Investment Policies
     International Journal of Finance & Economics, 1998, 3, (2), 97-110 View citations (3)
     See also Working Paper New Activities, the Welfare Cost of Uncertainty and Investment Policies, NBER Working Papers (1996) View citations (1) (1996)
149. Regret theory and policy reform
     Journal of Economic Policy Reform, 1998, 2, (3), 269-280 View citations (1)
150. The political economy of public savings and the role of capital mobility
     Journal of Development Economics, 1998, 57, (1), 67-95 View citations (29)

1997

151. Capital Markets Integration, Volatility, and Persistence
     Journal of Macroeconomics, 1997, 19, (2), 217-236 View citations (4)
     See also Working Paper Capital Markets Integration, Volatility and Persistence, NBER Working Papers (1995) View citations (1) (1995)
152. Investment in new activities and the welfare cost of uncertainty
     Journal of Development Economics, 1997, 52, (2), 259-277 View citations (14)
     See also Working Paper Investment in New Activities and the Welfare Cost of Uncertainty, NBER Working Papers (1995) View citations (3) (1995)
153. Technological change, relative wages, and unemployment
     European Economic Review, 1997, 41, (2), 187-205 View citations (14)
     See also Working Paper Technological Change, Relative Wages, and Unemployment, IMF Working Papers (1994) View citations (5) (1994)

1996

154. Foreign Direct Investment, Employment Volatility and Cyclical Dumping
     International Journal of Finance & Economics, 1996, 1, (2), 117-31 View citations (1)
     See also Working Paper Foreign Direct Investment, Employment Volatility and Cyclical Dumping, NBER Working Papers (1994) View citations (1) (1994)
155. Production bottlenecks and congestion externalities during the transition to a market economy
     International Review of Economics & Finance, 1996, 5, (3), 225-241
156. The sustainability of economic transformation
     Journal of Economic Policy Reform, 1996, 1, (4), 413-440 View citations (2)

1995

157. Production bottlenecks and resource allocation during the transition to a market economy
     The Economics of Transition, 1995, 3, (3), 321-331

1994

158. Capital controls, collection costs and domestic public debt
     Journal of International Money and Finance, 1994, 13, (1), 41-54 View citations (22)
     See also Working Paper Capital Controls, Collection Costs, and Domestic Public Debt, NBER Working Papers (1990) View citations (4) (1990)
159. World Integration, Competitive and Bargaining-Regime Switch: An Exploration
     Canadian Journal of Economics, 1994, 27, (2), 458-83
     See also Working Paper World Integration, Competitive and Bargaining Regimes Switch: an Exploration, NBER Working Papers (1989) (1989)

1993

160. Externalities, incentives, and failure to achieve national objectives in decentralized economies
     Journal of Development Economics, 1993, 41, (1), 95-114 View citations (5)
     See also Working Paper Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies, NBER Working Papers (1991) (1991)
161. Future Policy Uncertainty, Effort, and the Responsiveness of Output to Market Signals
     Bulletin of Economic Research, 1993, 45, (4), 305-13 View citations (1)
162. Macroeconomic uncertainty and private investment
     Economics Letters, 1993, 41, (2), 207-210 View citations (67)
163. Policy Uncertainty, Persistence and Growth
     Review of International Economics, 1993, 1, (2), 145-63 View citations (193)
     See also Working Paper Policy Uncertainty, Persistence and Growth, NBER Working Papers (1991) View citations (16) (1991)
164. Soft Budget Constraints, Taxes, and the Incentive to Cooperate
     International Economic Review, 1993, 34, (4), 819-32 View citations (12)
     See also Working Paper Soft Budget Constraints, Taxes, and the Incentive to Cooperate, NBER Working Papers (1990) (1990)

1992

165. Competitive Externalities and the Optimal Seigniorage
     Journal of Money, Credit and Banking, 1992, 24, (1), 61-71 View citations (68)
     See also Working Paper The Competitive Externalities and the Optimal Seignorage, NBER Working Papers (1989) View citations (6) (1989)
166. Exchange Rate Flexibility, Volatility, and Domestic and Foreign Direct Investment
     IMF Staff Papers, 1992, 39, (4), 890-922 View citations (59)
167. Reformas al comercio exterior credibilidad y desarrollo
     El Trimestre Económico, 1992, LIX, (número especial), 213-242
168. Trade reforms, credibility, and development
     Journal of Development Economics, 1992, 39, (1), 163-187 View citations (9)
     See also Working Paper Trade Reforms, Credibility, and Development, NBER Working Papers (1991) View citations (2) (1991)

1991

169. Trade dependency, bargaining and external debt
     Journal of International Economics, 1991, 31, (1-2), 101-120 View citations (3)
     See also Working Paper Trade Dependency, Bargaining and External Debt, NBER Working Papers (1988) View citations (3) (1988)

1990

170. External debt, planning horizon, and distorted credit markets
     Journal of International Money and Finance, 1990, 9, (2), 138-158 View citations (1)
     See also Working Paper External Debt, Planning Horizon and Distorted Credit Markets, NBER Working Papers (1988) (1988)

1989

171. Country Risk, Incomplete Information and Taxes on International Borrowing
     Economic Journal, 1989, 99, (394), 147-61 View citations (35)
172. Market power and exchange rate adjustment in the presence of quotas
     Journal of International Economics, 1989, 27, (3-4), 265-282 View citations (1)
     See also Working Paper Market Power and Exchange Rate Adjustment in the Presence of Quotas, NBER Working Papers (1987) (1987)
173. Monopolistic competition, relative prices, and output adjustment in the open economy
     Journal of International Money and Finance, 1989, 8, (1), 5-28 View citations (6)
     See also Working Paper Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy, NBER Working Papers (1986) View citations (5) (1986)

1988

174. Debt and Conditionality under Endogenous Terms of Trade Adjustment
     IMF Staff Papers, 1988, 35, (4), 686-713 View citations (2)
     See also Working Paper Debt and Conditionality under Endogenous Terms of Trade Adjustment, NBER Working Papers (1988) View citations (3) (1988)
175. Sectorial wages and the real exchange rate
     Journal of International Economics, 1988, 24, (1-2), 69-91 View citations (4)
     See also Working Paper Sectorial Wages and the Real Exchange Rate, NBER Working Papers (1986) View citations (2) (1986)

1986

176. On the Complementarity of Commercial Policy, Capital Controls, and Inflation Tax
     Canadian Journal of Economics, 1986, 19, (1), 114-33 View citations (14)
     See also Working Paper On the Complementarity of Commercial Policy, Capital Controls and Inflation Tax, NBER Working Papers (1985) View citations (4) (1985)
177. Supply Shocks, Wage Indexation and Monetary Accommodation
     Journal of Money, Credit and Banking, 1986, 18, (3), 304-22 View citations (9)
     See also Working Paper Supply Shocks, Wage Indexation and Monetary Accommodation, NBER Working Papers (1985) View citations (6) (1985)
178. Targeting rules for monetary policy
     Economics Letters, 1986, 21, (2), 183-187 View citations (10)
     See also Working Paper Targeting Rules for Monetary Policy, NBER Working Papers (1986) View citations (10) (1986)
179. Testing deviations from purchasing power parity
     Journal of International Money and Finance, 1986, 5, (1), 25-35 View citations (3)

1985

180. Adjustment to monetary policy and devaluation under two-tier and fixed exchange rate regimes
     Journal of Development Economics, 1985, 18, (1), 153-169 View citations (7)
     See also Working Paper Adjustment to Monetary Policy and Devaluation Under Two-Tier and Fixed Exchange Rate Regimes, NBER Working Papers (1983) View citations (6) (1983)
181. Openness, relative prices, and macro-policies
     Journal of International Money and Finance, 1985, 4, (1), 5-17 View citations (1)
     See also Working Paper Openness, Relative Prices and Macro Policies, NBER Working Papers (1983) (1983)
182. Optimal Wage Indexation, Foreign Exchange Intervention, and Monetary Policy
     American Economic Review, 1985, 75, (3), 402-23 View citations (60)
     See also Working Paper Optimal Wage Indexation, Foreign-Exchange Intervention and Monetary Policy, NBER Working Papers (1984) View citations (19) (1984)
183. Tariff liberalization policy and financial restrictions
     Journal of International Economics, 1985, 19, (3-4), 241-255 View citations (8)
     See also Working Paper Tariff Liberalization Policy and Financial Restrictions, NBER Working Papers (1983) (1983)
184. Wage Flexibility and Openness
     The Quarterly Journal of Economics, 1985, 100, (2), 539-550 View citations (10)
     See also Working Paper Wage Flexibility and Openness, NBER Working Papers (1983) View citations (2) (1983)

1984

185. Modeling Deviations from Purchasing Power Parity (PPP)
     International Economic Review, 1984, 25, (1), 175-91 View citations (4)
     See also Working Paper Modeling Deviations from Purchasing Power Parity (PPP), NBER Working Papers (1983) View citations (5) (1983)
186. Optimal wage re-negotiation in a closed and open economy
     Journal of Monetary Economics, 1984, 13, (2), 251-262 View citations (5)

1983

187. A theory of current account and exchange rate determinations
     European Economic Review, 1983, 23, (3), 261-280 View citations (6)
     See also Working Paper A Theory of Current Account and Exchange Rate Determinations, NBER Working Papers (1983) View citations (4) (1983)
188. Dynamics of trade liberalization policy
     Journal of Development Economics, 1983, 13, (1-2), 133-142 View citations (3)
189. Government Size, Optimal Inflation Tax, and Tax Collection Costs
     Eastern Economic Journal, 1983, 9, (2), 103-105 View citations (7)

1982

190. Aspects of the optimal management of exchange rates
     Journal of International Economics, 1982, 13, (3-4), 231-256 View citations (42)
     See also Working Paper Aspects of the Optimal Management of Exchange Rates, NBER Working Papers (1981) View citations (5) (1981)

1981

191. Devaluation and liberalization in the presence of tariff and quota restrictions: An equilibrium model
     Journal of International Economics, 1981, 11, (2), 197-206 View citations (1)
192. The use of the balance of payments as a shock absorber in fixed rate and managed float systems
     Journal of International Economics, 1981, 11, (4), 479-486 View citations (4)

Edited books

2011

1. Managing Economic Volatility and Crises
   Cambridge Books, Cambridge University Press

2006

2. Managing Economic Volatility and Crises
   Cambridge Books, Cambridge University Press View citations (1)

Chapters

2023

1. The Fed’s Swap Linesswap lines: Narrow Circle, Broad Effect?
   Springer

2020

2. Networking, citations of academic research, and premature death
   Chapter 1 in Publishing and Measuring Success in Economics, 2020, vol. 1, pp 51-55 View citations (2)

2015

3. Liquidity and Foreign Asset Management Challenges for Latin American Countries
   Chapter 04 in Commodity Prices and Macroeconomic Policy, 2015, vol. 22, pp 091-134
   See also Working Paper Liquidity and Foreign Asset Management Challenges for Latin American Countries, National Bureau of Economic Research, Inc (2014) View citations (1) (2014)

2012

4. International Financial Markets and Transmission of the Crisis: Determinants of Exchange Market Pressure and Absorption by International Reserves
   Chapter 4 in Global Economic Crisis, 2012
5. The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
   Chapter 6 in Monetary and Currency Policy Management in Asia, 2012
   See also Working Paper The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma, eSocialSciences (2010) View citations (7) (2010)

2011

6. The Fiscal Stimulus of 2009-2010: Trade Openness, Fiscal Space, and Exchange Rate Adjustment
   A chapter in NBER International Seminar on Macroeconomics 2011, 2011, pp 301-342 View citations (23)
   See also Journal Article The Fiscal Stimulus of 2009-2010: Trade Openness, Fiscal Space, and Exchange Rate Adjustment, University of Chicago Press (2012) View citations (9) (2012)

2010

7. Comment on "Exporting Deflation? Chinese Exports and Japanese Prices"
   A chapter in China's Growing Role in World Trade, 2010, pp 227-230

2008

8. International Reserve Management and the Current Account
   Chapter 11 in Current Account and External Financing, 2008, vol. 12, pp 435-474 View citations (4)
   See also Working Paper International Reserves Management and the Current Account, Central Bank of Chile (2007) View citations (2) (2007)
9. Links between Trade and Finance: A Disaggregated Analysis
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 9-28 View citations (4)

2004

10. Financial Opening: Evidence and Policy Options
    A chapter in Challenges to Globalization: Analyzing the Economics, 2004, pp 473-494 View citations (19)
    See also Working Paper Financial Opening: Evidence and Policy Options, National Bureau of Economic Research, Inc (2002) View citations (39) (2002)

1998

11. Political Uncertainty, the Formation of New Activities and Growth
    Palgrave Macmillan View citations (1)

1988

12. Monopolistic Competition and Labor Market Adjustment in the Open Economy
    A chapter in Misalignment of Exchange Rates: Effects on Trade and Industry, 1988, pp 169-194
    See also Working Paper Monopolistic Competition and Labor Market Adjustment in the Open Economy, National Bureau of Economic Research, Inc (1987) View citations (1) (1987)

1986

13. Wage Indexation, Supply Shocks, and Monetary Policy in a Small, Open Economy
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 89-142 View citations (7)