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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 2022-10-19. Update your information in the RePEc Author Service.

Short-id: pai8


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Working Papers

2022

  1. Effect of Macroprudential Policies on Sovereign Bond Markets: Evidence from the ASEAN-4 Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Fiscal Capacity and Commercial Bank Lending Under COVID-19
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  3. Fiscal Stimulus and Commercial Bank Lending Under COVID-19
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
  4. 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 Downloads View citations (1)
  5. Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?
    Papers, arXiv.org Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (3)

    See also Journal Article in Journal of International Money and Finance (2021)
  6. International Evidence on Vaccines and the Mortality to Infections Ratio in the Pre-Omicron Era
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) Downloads View citations (1)
  7. The Impacts of Crises on the Trilemma Configurations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  8. The Impacts of Financial Crises on the Trilemma Configurations
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) Downloads

2021

  1. Central Bank Swap Arrangements in the COVID-19 Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of International Money and Finance (2022)
  2. International Evidence of Strengthening Taxes and Spending For Sustainable Development
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. International Reserve Management and Firm Investment in Emerging Market Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. Large Fiscal Episodes and Sustainable Development: Some International Evidence
    ADB Economics Working Paper Series, Asian Development Bank Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2021) Downloads
  5. The Political Economy of the COVID-19 Fiscal Stimulus Packages of 2020
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in CESifo Working Paper Series, CESifo (2021) Downloads

2020

  1. Accounting for Global COVID-19 Diffusion Patterns, January-April 2020
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    See also Journal Article in Economics of Disasters and Climate Change (2020)
  2. Emerging Markets Sovereign CDS Spreads During COVID-19: Economics versus Epidemiology News
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Economic Modelling (2021)
  3. 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 Downloads View citations (8)
    See also Journal Article in Oxford Economic Papers (2021)
  4. Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  5. The Political-Economy Trilemma
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2020) Downloads View citations (1)

    See also Journal Article in Open Economies Review (2020)
  6. U.S. Macro Policies and Global Economic Challenges
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in East Asian Economic Review (2020)

2019

  1. Fiscal Space and Increasing Fiscal Resilience
    ADB Economics Working Paper Series, Asian Development Bank Downloads
  2. Hoarding for Stormy Days - Test of International Reserves Providing Financial Buffer Services
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  3. Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of Macroeconomics (2021)
  4. Macroeconomics Challenges and Resilience of Emerging Market Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  5. The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article in Journal of International Money and Finance (2020)
  6. 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 Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (10)

    See also Journal Article in Journal of International Commerce, Economics and Policy (JICEP) (2019)

2018

  1. Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns: A Cross-Country Comparison, 1960-2016
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

2017

  1. Financial Spillovers and Macroprudential Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Open Economies Review (2020)
  2. 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 Downloads
    Also in ADB Economics Working Paper Series, Asian Development Bank (2017) Downloads

    See also Journal Article in Emerging Markets Finance and Trade (2018)
  3. Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Open Economies Review (2018)

2016

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

2015

  1. Chinese Outwards Mercantilism – the Art and Practice of Bundling
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of International Money and Finance (2018)
  2. Domestic and Multilateral Effects of Capital Controls in Emerging Markets
    Staff Working Papers, Bank of Canada Downloads View citations (32)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (30)
    Working Paper Series, European Central Bank (2015) Downloads View citations (34)

    See also Journal Article in Journal of International Economics (2018)
  3. 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 Downloads View citations (22)
    Also in GRU Working Paper Series, City University of Hong Kong, Department of Economics and Finance, Global Research Unit Downloads

    See also Journal Article in Journal of International Money and Finance (2016)
  4. Financial Development and Output Growth in Developing Asia and Latin America: A Comparative Sectoral Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (45)
  5. International Coordination and Precautionary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in International Economic Journal (2016)
  6. International Reserves Before and After the Global Crisis: Is There No End to Hoarding?
    CESifo Working Paper Series, CESifo Downloads View citations (55)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (13)

    See also Journal Article in Journal of International Money and Finance (2015)
  7. 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 Downloads View citations (56)
    See also Journal Article in Journal of International Money and Finance (2016)
  8. Precautionary Strategies and Household Saving
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Open Economies Review (2015)
  9. Tax Revenue Trends in Asia and Latin America: A Comparative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  10. The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    See also Journal Article in Pacific Economic Review (2015)

2014

  1. Fiscal Challenges in Multilayered Unions: An Overview and Case Study
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Social Sciences (2015)
  2. Liquidity and Foreign Asset Management Challenges for Latin American Countries
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Chapter (2015)
  3. The Eurocrisis: Muddling Through, or On the Way to a More Perfect Euro Union?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  4. The People's Republic of China's Growth, Stability, and Use of International Reserves
    ADBI Working Papers, Asian Development Bank Institute Downloads View citations (3)
  5. The People’s Republic of China’s Growth, Stability, and Use of International Reserves
    Macroeconomics Working Papers, East Asian Bureau of Economic Research Downloads View citations (2)
    Also in Finance Working Papers, East Asian Bureau of Economic Research (2014) Downloads View citations (2)
  6. The Transmission of Federal Reserve Tapering News to Emerging Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (88)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2014) Downloads View citations (91)

    See also Journal Article in International Journal of Central Banking (2016)

2013

  1. China's Growth, Stability, and Use of International Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Open Economies Review (2014)
  2. Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (43)
    Also in EY International Congress on Economics I (EYC2013), October 24-25, 2013, Ankara, Turkey, Ekonomik Yaklasim Association (2013) Downloads View citations (43)

    See also Journal Article in Oxford Review of Economic Policy (2013)
  3. 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 Downloads View citations (29)
    See also Journal Article in Emerging Markets Review (2013)
  4. Fundamentals and Sovereign Risk of Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article in Pacific Economic Review (2016)
  5. 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 Downloads View citations (9)
    See also Journal Article in Journal of International Money and Finance (2014)
  6. 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 Downloads View citations (16)
    See also Journal Article in Journal of International Money and Finance (2014)
  7. Real Estate Valuation, Current Account, and Credit Growth Patterns Before and After the 2008–2009 Crisis
    ADBI Working Papers, Asian Development Bank Institute Downloads View citations (15)
  8. Saving and the Long Shadow of Macroeconomic Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of Macroeconomics (2015)
  9. Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns
    Staff Working Papers, Bank of Canada Downloads View citations (50)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (48)

    See also Journal Article in Journal of International Money and Finance (2013)

2012

  1. 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 Downloads View citations (60)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (16)

    See also Journal Article in Journal of International Money and Finance (2012)
  2. Central Banks and Gold Puzzles
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (12)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (13)

    See also Journal Article in Journal of the Japanese and International Economies (2013)
  3. 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 Downloads View citations (21)
  4. 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 Downloads View citations (1)
  5. Income inequality, tax base and sovereign spreads
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (23)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2011) Downloads View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2012) Downloads View citations (24)

    See also Journal Article in FinanzArchiv: Public Finance Analysis (2012)
  6. Macroeconomic Adjustment and the History of Crises in Open Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of International Money and Finance (2013)
  7. 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 Downloads View citations (12)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2012) Downloads View citations (12)
  8. 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 Downloads View citations (3)
    Also in MPRA Paper, University Library of Munich, Germany (2011) Downloads View citations (10)
    MPRA Paper, University Library of Munich, Germany (2012) Downloads View citations (4)

    See also Journal Article in Pacific Economic Review (2013)
  9. The Relationship between Structural Change and Inequality: A Conceptual Overview with Special Reference to Developing Asia
    ADBI Working Papers, Asian Development Bank Institute Downloads View citations (13)
    Also in Working Papers, Economic Research Institute for ASEAN and East Asia (ERIA) (2012) Downloads View citations (15)
  10. 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 Downloads
  11. Trilemma Policy Convergence Patterns and Output Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2012) Downloads View citations (31)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2012) Downloads View citations (34)

    See also Journal Article in The North American Journal of Economics and Finance (2012)

2011

  1. 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 Downloads View citations (22)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (20)
  2. Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2011) Downloads View citations (17)

    See also Journal Article in Open Economies Review (2013)
  3. Capital flows: Catalyst or Hindrance to economic takeoffs?
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (22)
  4. Determinants of Financial Stress and Recovery during the Great Recession
    Staff Working Papers, Bank of Canada Downloads View citations (1)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) Downloads View citations (9)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (4)
  5. Evaluating Asian Swap Arrangements
    ADBI Working Papers, Asian Development Bank Institute Downloads View citations (1)
    Also in Governance Working Papers, East Asian Bureau of Economic Research (2011) Downloads View citations (1)
    Macroeconomics Working Papers, East Asian Bureau of Economic Research (2011) Downloads View citations (1)
  6. 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 Downloads View citations (1)
  7. Financial sector ups and downs and the real sector: big hindrance, little help
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
  8. 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 Downloads View citations (12)
    Also in Policy Research Working Paper Series, The World Bank (2011) Downloads View citations (7)

    See also Journal Article in Review of International Economics (2013)
  9. NET FISCAL STIMULUS DURING THE GREAT RECESSION
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (4)
  10. 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 Downloads View citations (74)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (11)
    ADB Economics Working Paper Series, Asian Development Bank (2009) Downloads View citations (6)

    See also Journal Article in Journal of the Japanese and International Economies (2011)
  11. The Fiscal Stimulus of 2009-10: Trade Openness, Fiscal Space and Exchange Rate Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2011) Downloads View citations (18)
  12. 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 Downloads View citations (11)
    See also Journal Article in Global Journal of Economics (GJE) (2013)
  13. 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 Downloads View citations (3)
    See also Journal Article in The Economists' Voice (2011)
  14. Trilemma and Financial Stability Configurations in Asia
    Governance Working Papers, East Asian Bureau of Economic Research Downloads View citations (1)
    Also in Finance Working Papers, East Asian Bureau of Economic Research (2011) Downloads View citations (1)
    Macroeconomics Working Papers, East Asian Bureau of Economic Research (2011) Downloads View citations (1)
    ADBI Working Papers, Asian Development Bank Institute (2011) Downloads View citations (1)
  15. What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (65)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (65)

    See also Journal Article in Journal of International Money and Finance (2013)

2010

  1. 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 Downloads View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2010) Downloads View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (5)
  2. De facto Fiscal Space and Fiscal Stimulus: Definition and Assessment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (29)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) Downloads View citations (31)
  3. 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 Downloads View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (12)
  4. Fiscal fragility: what the past may say about the future
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (10)
  5. From the Great Moderation to the global crisis: Exchange market pressure in the 2000s
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (4)

    See also Journal Article in Open Economies Review (2012)
  6. Global Imbalances: Is Germany the new China? A Skeptical View
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (1)
    Also in MPRA Paper, University Library of Munich, Germany (2010) Downloads View citations (1)

    See also Journal Article in Open Economies Review (2011)
  7. International Reserves and Swap Lines in Times of Financial Distress: Overview and Interpretations
    ADBI Working Papers, Asian Development Bank Institute Downloads View citations (4)
    Also in Finance Working Papers, East Asian Bureau of Economic Research (2010) Downloads View citations (4)
    Working Papers, eSocialSciences (2010) Downloads View citations (4)
  8. International reserves and swap lines: substitutes or complements?
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (18)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (35)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) Downloads View citations (15)

    See also Journal Article in International Review of Economics & Finance (2011)
  9. 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 Downloads View citations (5)
    See also Journal Article in Open Economies Review (2010)
  10. On the ease of overstating the fiscal stimulus in the US, 2008-9
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (9)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) Downloads View citations (7)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2010) Downloads View citations (7)
  11. The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
    Trade Working Papers, East Asian Bureau of Economic Research Downloads View citations (8)
    Also in ADBI Working Papers, Asian Development Bank Institute (2010) Downloads View citations (7)
    Working Papers, eSocialSciences (2010) Downloads View citations (7)

    See also Chapter (2012)
  12. The Impossible Trinity (aka The Policy Trilemma)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (33)

2009

  1. 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 Downloads View citations (4)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) Downloads View citations (3)
  2. 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 Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (119)
  3. Financial Crisis and the Paradox of Under- and Over-Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
  4. 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 Downloads
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (12)

    See also Journal Article in Journal of Macroeconomics (2010)
  5. 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 Downloads View citations (14)
    See also Journal Article in Proceedings (2010)
  6. 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 Downloads View citations (9)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) Downloads View citations (11)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) Downloads View citations (9)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2009) Downloads View citations (11)
  7. Selective Swap Arrangements and the Global Financial Crisis: Analysis and Interpretation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) Downloads View citations (21)

    See also Journal Article in International Review of Economics & Finance (2010)
  8. 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 Downloads View citations (39)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (31)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2009) Downloads View citations (11)

    See also Journal Article in International Review of Economics & Finance (2012)
  9. Using Inflation to Erode the U.S. Public Debt
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (27)

    See also Journal Article in Journal of Macroeconomics (2011)

2008

  1. Capital Market Imperfections and the Theory of Optimum Currency Areas
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads View citations (4)

    See also Journal Article in Journal of International Money and Finance (2011)
  2. Current Account Patterns and National Real Estate Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (31)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads View citations (30)

    See also Journal Article in Journal of Urban Economics (2009)
  3. Inflation Targeting and Real Exchange Rates in Emerging Markets
    Working Papers, University of Hawaii at Manoa, Department of Economics Downloads View citations (39)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads View citations (36)
    NBER Working Papers, National Bureau of Economic Research, Inc (2008) Downloads View citations (47)

    See also Journal Article in World Development (2011)
  4. Relative price levels and current accounts: an exploration
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz Downloads View citations (10)
    See also Journal Article in East Asian Economic Review (2008)
  5. Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (25)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (17)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads View citations (25)

    See also Journal Article in International Finance (2009)
  6. Sterilization, Monetary Policy, and Global Financial Integration
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) Downloads View citations (14)

    See also Journal Article in Review of International Economics (2009)
  7. The Internationalization of Venture Capital and Private Equity
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads View citations (23)
  8. The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax"
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Applied Economics (2011)
  9. The Real Exchange Rate, Mercantilism and the Learning by Doing Externality
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    See also Journal Article in Pacific Economic Review (2010)
  10. 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 Downloads View citations (3)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2008) Downloads

2007

  1. Aid Volatility and Poverty Traps
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Development Economics (2010)
  2. 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 Downloads View citations (64)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2007) Downloads View citations (67)
  3. 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 Downloads View citations (4)
    Also in IMF Working Papers, International Monetary Fund (2006) Downloads View citations (37)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (26)

    See also Journal Article in The World Economy (2008)
  4. International Reserves Management and the Current Account
    Working Papers Central Bank of Chile, Central Bank of Chile Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (10)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2007) Downloads View citations (2)

    See also Chapter (2008)
  5. Large Hoarding of International Reserves and the Emerging Global Economic Architecture
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (26)
    See also Journal Article in Manchester School (2008)
  6. Prizes for Basic Research -- Human Capital, Economic Might and the Shadow of History
    Working Papers, University of Hawaii at Manoa, Department of Economics Downloads View citations (3)
    Also in Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2006) Downloads View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (3)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) Downloads View citations (3)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) Downloads

    See also Journal Article in Journal of Economic Growth (2007)
  7. 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 Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) Downloads View citations (27)

    See also Journal Article in The Review of Economics and Statistics (2008)
  8. Takeoffs
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) Downloads View citations (1)

    See also Journal Article in Review of Development Economics (2010)

2006

  1. Globalization and Developing Countries - A Shrinking Tax Base?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) Downloads View citations (15)

    See also Journal Article in Journal of Development Studies (2009)
  2. Signaling Credibility --- Choosing Optimal Debt and International Reserves
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2006) Downloads

2005

  1. Ex Ante Carrots instead of Ex Post Sticks: Two Examples
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) Downloads
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads
  2. FDI and Trade - Two Way Linkages?
    Economics Study Area Working Papers, East-West Center, Economics Study Area Downloads View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (20)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (5)
    Working Papers, University of Hawaii at Manoa, Department of Economics (2005) Downloads View citations (9)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) Downloads View citations (5)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (5)

    See also Journal Article in The Quarterly Review of Economics and Finance (2006)
  3. Financial Liberalization in Latin-America in the 1990s: A Reassessment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (7)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (7)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) Downloads View citations (7)

    See also Journal Article in The World Economy (2005)
  4. Globalization and Taste Convergence: The Case of Wine and Beer
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (1)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2005) Downloads View citations (1)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (1)

    See also Journal Article in Review of International Economics (2008)
  5. International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz Downloads View citations (110)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (120)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (110)
    NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (105)

    See also Journal Article in Open Economies Review (2007)
  6. International Reserves: Precautionary vs. Mercantilist Views, Theory and Evidence
    IMF Working Papers, International Monetary Fund Downloads View citations (124)
  7. Pegged Exchange Rate Regimes -- A Trap?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) Downloads View citations (5)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (3)

    See also Journal Article in Journal of Money, Credit and Banking (2008)
  8. The Collection Efficiency of the Value Added Tax: Theory and International Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (29)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2005) Downloads View citations (26)

    See also Journal Article in The Journal of International Trade & Economic Development (2008)

2004

  1. Endogenous Financial and Trade Openness
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (53)
    See also Journal Article in Review of Development Economics (2009)
  2. Endogenous Financial and Trade Openness: Efficiency and Political Economy Considerations
    Working Papers, University of Hawaii at Manoa, Department of Economics Downloads View citations (29)
  3. Endogenous Financial and Trade Openness: Political Economy Considerations
    Economics Study Area Working Papers, East-West Center, Economics Study Area Downloads View citations (28)
  4. International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) Downloads View citations (25)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) Downloads View citations (26)
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz (2004) Downloads View citations (25)

    See also Journal Article in Journal of the Japanese and International Economies (2007)
  5. Managing Volatility and Crises: A Practitioner's Guide Overview
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  6. 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 Downloads View citations (57)
    Also in CASE Network Studies and Analyses, CASE-Center for Social and Economic Research (2004) Downloads View citations (79)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) Downloads View citations (56)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (57)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2004) Downloads View citations (59)

    See also Journal Article in Journal of International Money and Finance (2007)

2003

  1. Endogenous Financial Openness: Efficiency and Political Economy Considerations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (22)
  2. Institutional efficiency, monitoring costs, and the investment share of FDI
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (17)

    See also Journal Article in Review of International Economics (2006)
  3. 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 Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (16)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) Downloads View citations (9)

    See also Journal Article in Economic Journal (2004)
  4. Military Expenditure, Threats, and Growth
    Santa Cruz Center for International Economics, Working Paper Series, Center for International Economics, UC Santa Cruz Downloads View citations (34)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (34)
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) Downloads View citations (34)
    Working Paper Series, Federal Reserve Bank of San Francisco (2003) Downloads View citations (16)

    See also Journal Article in The Journal of International Trade & Economic Development (2006)
  5. On the Hidden Links Between Financial and Trade Opening
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (31)
    See also Journal Article in Journal of International Money and Finance (2008)
  6. 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 Downloads View citations (1)
    Also in Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz (2003) Downloads View citations (1)

2002

  1. Financial Opening: Evidence and Policy Options
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (39)
    See also Chapter (2004)
  2. Financial sector inefficiencies and the debt Laffer curve
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    See also Journal Article in International Journal of Finance & Economics (2005)
  3. 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 Downloads View citations (5)
    See also Journal Article in Economic Journal (2005)
  4. The High Demand for International Reserves in the Far East: What's Going On?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (27)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2002) Downloads View citations (17)

    See also Journal Article in Journal of the Japanese and International Economies (2003)
  5. Volatility, employment and the patterns of FDI in emerging markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    See also Journal Article in Journal of Development Economics (2003)

2001

  1. The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    See also Journal Article in Journal of International Economics (2004)

2000

  1. Endogenous Pricing to Market and Financing Costs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Journal of Monetary Economics (2004)
  2. Exchange Rate Regimes and Financial-Market Imperfections
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
  3. Savings and the Terms of Trade Under Borrowing Constraints
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Policy Research Working Paper Series, The World Bank (2000) Downloads View citations (5)

    See also Journal Article in Journal of International Economics (2004)
  4. The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (32)
    Also in Policy Research Working Paper Series, The World Bank (2000) Downloads View citations (34)

    See also Journal Article in Journal of International Money and Finance (2004)

1999

  1. Capital Controls and Financial Crises
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  2. Contagion, bank lending spreads, and output fluctuations
    Policy Research Working Paper Series, The World Bank Downloads View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) Downloads View citations (19)
  3. Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
  4. Financial sector inefficiencies and coordination failures: implications for crisis management
    Policy Research Working Paper Series, The World Bank Downloads View citations (6)
  5. Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?
    Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1999) Downloads View citations (4)
    Working Papers, University of Washington, Department of Economics (1999) Downloads View citations (4)

    See also Journal Article in Economic Journal (2002)
  6. Reserve Uncertainty and the Supply of International Credit
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of Money, Credit and Banking (2002)
  7. Uncertainty and the Disappearance of International Credit
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Proceedings (1999)

1998

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

1997

  1. Contagion and Volatility with Imperfect Credit Markets
    IMF Working Papers, International Monetary Fund Downloads View citations (23)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (31)

    See also Journal Article in IMF Staff Papers (1998)
  2. Controlled Openness and Foreign Direct Investment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Review of Development Economics (1998)
  3. International Portfolio Diversification with Generalized Expected Utility Preferences
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Canadian Journal of Economics (1999)
  4. Volatility and Financial Intermediation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of International Money and Finance (2003)

1996

  1. New Activities, the Welfare Cost of Uncertainty and Investment Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in International Journal of Finance & Economics (1998)
  2. Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (17)
    See also Journal Article in The Journal of International Trade & Economic Development (2001)
  3. Volatility and the Investment Response
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
  4. Wage Dispersion and Technical Progress
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

1995

  1. Capital Markets Integration, Volatility and Persistence
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in Journal of Macroeconomics (1997)
  2. Investment in New Activities and the Welfare Cost of Uncertainty
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Journal of Development Economics (1997)
  3. Optimal Buffer Stocks and Precautionary Savings with Disappointment Aversion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  4. The Impact of Inflation on Budgetary Discipline
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Development Economics (2000)
  5. Trade Liberalization and Unemployment
    IMF Working Papers, International Monetary Fund Downloads View citations (2)
  6. Volatility, Investment and Disappointment Aversion
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)

1994

  1. Foreign Direct Investment, Employment Volatility and Cyclical Dumping
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    See also Journal Article in International Journal of Finance & Economics (1996)
  2. Macroeconomic Adjustment with Segmented Labor Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in IMF Working Papers, International Monetary Fund (1994) Downloads View citations (14)

    See also Journal Article in Journal of Development Economics (1999)
  3. On The Need For Fiscal Discipline in an Union
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  4. Technological Change, Relative Wages, and Unemployment
    IMF Working Papers, International Monetary Fund Downloads View citations (5)
    See also Journal Article in European Economic Review (1997)
  5. Why is Inflation Skewed? A Debt and Volatility Story
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)

1993

  1. Political Feasibility and Investment in Economic Transformations
    IMF Working Papers, International Monetary Fund Downloads
  2. Resource Allocation During the Transition to a Market Economy: Policy Implications of Supply Bottlenecks and Adjustment Costs
    IMF Working Papers, International Monetary Fund Downloads View citations (2)
  3. 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 Downloads

1992

  1. A Theory of Optimum Currency Areas: Revisited
    IMF Working Papers, International Monetary Fund Downloads View citations (4)
  2. Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment
    IMF Working Papers, International Monetary Fund Downloads View citations (29)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (41)
  3. Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

1991

  1. Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of Development Economics (1993)
  2. Foreign Direct Investment, Productive Capacity and Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
  3. Policy Uncertainty, Persistence and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (16)
    See also Journal Article in Review of International Economics (1993)
  4. Trade Reforms, Credibility, and Development
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of Development Economics (1992)

1990

  1. Capital Controls, Collection Costs, and Domestic Public Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in Journal of International Money and Finance (1994)
  2. Externalities, Incentives, and Economic Reforms
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  3. Soft Budget Constraints, Taxes, and the Incentive to Cooperate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in International Economic Review (1993)

1989

  1. Inward Versus Outward Growth Orientation in the Presence of Country Risk
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  2. Strategic Investment in a Debt Bargaining Framework
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  3. The Competitive Externalities and the Optimal Seignorage
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Journal of Money, Credit and Banking (1992)
  4. World Integration, Competitive and Bargaining Regimes Switch: an Exploration
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Canadian Journal of Economics (1994)

1988

  1. Debt and Conditionality under Endogenous Terms of Trade Adjustment
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in IMF Staff Papers (1988)
  2. External Debt, Planning Horizon and Distorted Credit Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of International Money and Finance (1990)
  3. Trade Dependency, Bargaining and External Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Journal Article in Journal of International Economics (1991)

1987

  1. Costly Adjustment and Limited Borrowing: A Welfare Analysis of Policiesto Achieve External Balance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Country Risk and Contingencies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
  3. Investment, Openness, and Country Risk
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  4. Market Power and Exchange Rate Adjustment in the Presence of Quotas
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of International Economics (1989)
  5. Monopolistic Competition and Labor Market Adjustment in the Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Chapter (1988)
  6. Successful Adjustment in a Multi-Sectoral Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads

1986

  1. Country Risk and Incentives Schemes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
  2. Country Risk, Asymmetric Information and Domestic Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
  3. Labor Markets and the Choice of Technology in an Open Developing Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
  4. Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of International Money and Finance (1989)
  5. Sectorial Wages and the Real Exchange Rate
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in Journal of International Economics (1988)
  6. Targeting Rules for Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    See also Journal Article in Economics Letters (1986)

1985

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

1984

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

1983

  1. A Theory of Current Account and Exchange Rate Determinations
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in European Economic Review (1983)
  2. Adjustment to Monetary Policy and Devaluation Under Two-Tier and Fixed Exchange Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    See also Journal Article in Journal of Development Economics (1985)
  3. Modeling Deviations from Purchasing Power Parity (PPP)
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in International Economic Review (1984)
  4. Openness, Relative Prices and Macro Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of International Money and Finance (1985)
  5. Tariff Liberalization Policy and Financial Restrictions
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    See also Journal Article in Journal of International Economics (1985)
  6. Wage Contracts with Incomplete and Costly Information
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
  7. Wage Flexibility and Openness
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (2)
    See also Journal Article in The Quarterly Journal of Economics (1985)

1981

  1. Aspects of the Optimal Management of Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    See also Journal Article in Journal of International Economics (1982)

Journal Articles

2022

  1. An introduction to the special issue “Financial globalization and de-globalization: Perspectives and prospects”
    Journal of International Money and Finance, 2022, 122, (C) Downloads
  2. Central bank swap arrangements in the COVID-19 crisis
    Journal of International Money and Finance, 2022, 122, (C) Downloads View citations (2)
    See also Working Paper (2021)

2021

  1. Emerging markets sovereign CDS spreads during COVID-19: Economics versus epidemiology news
    Economic Modelling, 2021, 100, (C) Downloads View citations (12)
    See also Working Paper (2020)
  2. Good-bye original sin, hello risk on-off, financial fragility, and crises?
    Journal of International Money and Finance, 2021, 117, (C) Downloads View citations (1)
    See also Working Paper (2022)
  3. Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance
    Journal of Macroeconomics, 2021, 67, (C) Downloads View citations (5)
    See also Working Paper (2019)
  4. Pandemic shocks and fiscal-monetary policies in the Eurozone: COVID-19 dominance during January–June 2020
    Oxford Economic Papers, 2021, 73, (4), 1557-1580 Downloads View citations (2)
    See also Working Paper (2020)

2020

  1. Accounting for Global COVID-19 Diffusion Patterns, January–April 2020
    Economics of Disasters and Climate Change, 2020, 4, (3), 515-559 Downloads View citations (7)
    See also Working Paper (2020)
  2. Financial Spillovers and Macroprudential Policies
    Open Economies Review, 2020, 31, (3), 529-563 Downloads View citations (10)
    See also Working Paper (2017)
  3. Hoarding for stormy days—Test of international reserves adjustment providing financial buffer stock services
    Review of International Economics, 2020, 28, (3), 656-675 Downloads View citations (3)
  4. Overview: Global safe assets, international reserves, and capital flow
    Journal of International Money and Finance, 2020, 102, (C) Downloads
  5. The Political-Economy Trilemma
    Open Economies Review, 2020, 31, (5), 945-975 Downloads View citations (1)
    See also Working Paper (2020)
  6. The currency composition of international reserves, demand for international reserves, and global safe assets
    Journal of International Money and Finance, 2020, 102, (C) Downloads View citations (9)
    See also Working Paper (2019)
  7. U.S. Macro Policies and Global Economic Challenges
    East Asian Economic Review, 2020, 24, (4), 469-495 Downloads
    See also Working Paper (2020)

2019

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

2018

  1. Chinese outwards mercantilism – The art and practice of bundling
    Journal of International Money and Finance, 2018, 86, (C), 31-49 Downloads View citations (3)
    See also Working Paper (2015)
  2. Domestic and multilateral effects of capital controls in emerging markets
    Journal of International Economics, 2018, 115, (C), 48-58 Downloads View citations (36)
    See also Working Paper (2015)
  3. 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 Downloads View citations (3)
    See also Working Paper (2017)
  4. Optimal Currency Area: A twentieth Century Idea for the twenty-first Century?
    Open Economies Review, 2018, 29, (2), 373-382 Downloads View citations (5)
  5. Overcoming the Middle-Income Challenge
    Emerging Markets Finance and Trade, 2018, 54, (6), 1205-1207 Downloads
  6. Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies
    Open Economies Review, 2018, 29, (3), 641-664 Downloads View citations (1)
    See also Working Paper (2017)

2017

  1. 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 Downloads View citations (13)
    See also Working Paper (2016)

2016

  1. 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 Downloads View citations (12)
  2. 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 Downloads View citations (33)
    See also Working Paper (2015)
  3. Fundamentals and Sovereign Risk of Emerging Markets
    Pacific Economic Review, 2016, 21, (2), 151-177 Downloads View citations (14)
    See also Working Paper (2013)
  4. International Coordination and Precautionary Policies
    International Economic Journal, 2016, 30, (3), 379-391 Downloads View citations (3)
    See also Working Paper (2015)
  5. 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 Downloads View citations (120)
    See also Working Paper (2015)
  6. The Transmission of Federal Reserve Tapering News to Emerging Financial Markets
    International Journal of Central Banking, 2016, 12, (2), 317-356 Downloads View citations (59)
    See also Working Paper (2014)

2015

  1. Desafíos del Manejo de la Liquidez y de los Activos Internacionales en Latinoamérica
    Journal Economía Chilena (The Chilean Economy), 2015, 18, (2), 62-96 Downloads
  2. Fiscal Challenges in Multilayered Unions: An Overview and Case Study
    Social Sciences, 2015, 4, (2), 1-20 Downloads
    See also Working Paper (2014)
  3. 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 Downloads View citations (54)
    See also Working Paper (2015)
  4. Internationalization of the RMB, Capital Market Openness and Financial Reforms in China
    Pacific Economic Review, 2015, 20, (3), 444-460 Downloads View citations (13)
    See also Working Paper (2015)
  5. Precautionary Strategies and Household Saving
    Open Economies Review, 2015, 26, (5), 911-939 Downloads View citations (6)
    See also Working Paper (2015)
  6. Saving and the long shadow of macroeconomic shocks
    Journal of Macroeconomics, 2015, 46, (C), 147-159 Downloads View citations (6)
    See also Working Paper (2013)
  7. The Eurocrisis: Muddling through, or on the Way to a More Perfect Euro Union&quest
    Comparative Economic Studies, 2015, 57, (2), 205-221 Downloads View citations (5)

2014

  1. 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 Downloads
  2. China’s Growth, Stability, and Use of International Reserves
    Open Economies Review, 2014, 25, (3), 407-428 Downloads View citations (3)
    See also Working Paper (2013)
  3. 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 Downloads View citations (34)
    See also Working Paper (2013)
  4. 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 Downloads View citations (20)
    See also Working Paper (2013)
  5. The More Divergent, the Better? Lessons on Trilemma Policies and Crises for Asia
    Asian Development Review, 2014, 31, (2), 21-54 Downloads View citations (5)

2013

  1. Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990–2010
    Open Economies Review, 2013, 24, (3), 371-396 Downloads View citations (74)
    See also Working Paper (2011)
  2. Central banks and gold puzzles
    Journal of the Japanese and International Economies, 2013, 28, (C), 69-90 Downloads View citations (12)
    See also Working Paper (2012)
  3. Credit ratings and the pricing of sovereign debt during the euro crisis
    Oxford Review of Economic Policy, 2013, 29, (3), 582-609 Downloads View citations (42)
    See also Working Paper (2013)
  4. Financial Trilemma in China and a Comparative Analysis with India
    Pacific Economic Review, 2013, 18, (2), 123-146 Downloads View citations (29)
    See also Working Paper (2012)
  5. 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 Downloads View citations (29)
    See also Working Paper (2013)
  6. Macroeconomic adjustment and the history of crises in open economies
    Journal of International Money and Finance, 2013, 38, (C), 41-58 Downloads View citations (22)
    See also Working Paper (2012)
  7. Managing Financial Integration and Capital Mobility—Policy Lessons from the Past Two Decades
    Review of International Economics, 2013, 21, (4), 636-653 Downloads View citations (5)
    See also Working Paper (2011)
  8. Special Issue. Guest Editor: Zhihao Yu
    Review of Development Economics, 2013, 17, (3), 397-413 Downloads
  9. THE IMPOSSIBLE TRINITY — FROM THE POLICY TRILEMMA TO THE POLICY QUADRILEMMA
    Global Journal of Economics (GJE), 2013, 02, (01), 1-17 Downloads View citations (20)
    See also Working Paper (2011)
  10. The Eurozone Crisis: Muddling through on the Way to a More Perfect Euro Union?
    Social Sciences, 2013, 2, (4), 1-13 Downloads View citations (6)
  11. The “Impossible Trinity” Hypothesis in an Era of Global Imbalances: Measurement and Testing
    Review of International Economics, 2013, 21, (3), 447-458 Downloads View citations (106)
  12. 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 Downloads View citations (246)
    See also Working Paper (2011)
  13. 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 Downloads View citations (47)
    See also Working Paper (2013)

2012

  1. 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 Downloads View citations (61)
    See also Working Paper (2012)
  2. 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 Downloads View citations (55)
  3. From the Great Moderation to the Global Crisis: Exchange Market Pressure in the 2000s
    Open Economies Review, 2012, 23, (4), 597-621 Downloads View citations (24)
    See also Working Paper (2010)
  4. Income Inequality, Tax Base and Sovereign Spreads
    FinanzArchiv: Public Finance Analysis, 2012, 68, (4), 431-444 Downloads View citations (24)
    See also Working Paper (2012)
  5. 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 Downloads View citations (2)
  6. 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 Downloads View citations (2)
  7. The Fiscal Stimulus of 2009-2010: Trade Openness, Fiscal Space, and Exchange Rate Adjustment
    NBER International Seminar on Macroeconomics, 2012, 8, (1), 301 - 342 Downloads View citations (4)
    See also Chapter (2011)
  8. 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 Downloads View citations (43)
    See also Working Paper (2009)
  9. Trilemma policy convergence patterns and output volatility
    The North American Journal of Economics and Finance, 2012, 23, (3), 269-285 Downloads View citations (33)
    See also Working Paper (2012)

2011

  1. Capital market imperfections and the theory of optimum currency areas
    Journal of International Money and Finance, 2011, 30, (8), 1659-1675 Downloads View citations (6)
    See also Working Paper (2008)
  2. Global Imbalances: Is Germany the New China? A Skeptical View
    Open Economies Review, 2011, 22, (3), 387-400 Downloads View citations (10)
    See also Working Paper (2010)
  3. 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 Downloads View citations (18)
  4. Inflation Targeting and Real Exchange Rates in Emerging Markets
    World Development, 2011, 39, (5), 712-724 Downloads View citations (89)
    See also Working Paper (2008)
  5. International reserves and swap lines: Substitutes or complements?
    International Review of Economics & Finance, 2011, 20, (1), 5-18 Downloads View citations (58)
    See also Working Paper (2010)
  6. 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 Downloads View citations (68)
    See also Working Paper (2011)
  7. 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), 1-6 Downloads View citations (4)
    See also Working Paper (2011)
  8. The emerging global financial architecture and exchange rate regimes in a volatile world
    International Review of Economics & Finance, 2011, 20, (1), 1-4 Downloads View citations (3)
  9. The life cycle of scholars and papers in economics - the 'citation death tax'
    Applied Economics, 2011, 43, (27), 4135-4148 Downloads View citations (10)
    See also Working Paper (2008)
  10. Using inflation to erode the US public debt
    Journal of Macroeconomics, 2011, 33, (4), 524-541 Downloads View citations (53)
    See also Working Paper (2009)

2010

  1. Aid volatility and poverty traps
    Journal of Development Economics, 2010, 91, (1), 1-7 Downloads View citations (27)
    See also Working Paper (2007)
  2. Globalization and the sustainability of large current account imbalances: Size matters
    Journal of Macroeconomics, 2010, 32, (1), 35-44 Downloads View citations (37)
    See also Working Paper (2009)
  3. 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) Downloads View citations (1)
    See also Working Paper (2009)
  4. Macro Prudential Supervision in the Open Economy, and the Role of Central Banks in Emerging Markets
    Open Economies Review, 2010, 21, (3), 465-482 Downloads View citations (5)
    See also Working Paper (2010)
  5. REAL EXCHANGE RATE, MERCANTILISM AND THE LEARNING BY DOING EXTERNALITY
    Pacific Economic Review, 2010, 15, (3), 324-335 Downloads View citations (38)
    See also Working Paper (2008)
  6. Selective swap arrangements and the global financial crisis: Analysis and interpretation
    International Review of Economics & Finance, 2010, 19, (3), 353-365 Downloads View citations (76)
    See also Working Paper (2009)
  7. Takeoffs
    Review of Development Economics, 2010, 14, (2), 177-196 Downloads
    See also Working Paper (2007)
  8. 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 Downloads View citations (210)
  9. The emerging global financial architecture: What's new and what's old?
    Journal of International Money and Finance, 2010, 29, (4), 599-602 Downloads

2009

  1. Current account patterns and national real estate markets
    Journal of Urban Economics, 2009, 66, (2), 75-89 Downloads View citations (149)
    See also Working Paper (2008)
  2. Endogenous Financial and Trade Openness
    Review of Development Economics, 2009, 13, (2), 175-189 Downloads View citations (53)
    See also Working Paper (2004)
  3. Globalisation and Developing Countries - a Shrinking Tax Base?
    Journal of Development Studies, 2009, 45, (5), 653-671 Downloads View citations (57)
    See also Working Paper (2006)
  4. Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance
    International Finance, 2009, 12, (3), 351-386 Downloads View citations (32)
    See also Working Paper (2008)
  5. Sterilization, Monetary Policy, and Global Financial Integration
    Review of International Economics, 2009, 17, (4), 777-801 Downloads View citations (59)
    See also Working Paper (2008)
  6. THE USA AS THE ‘DEMANDER OF LAST RESORT’ AND THE IMPLICATIONS FOR CHINA'S CURRENT ACCOUNT
    Pacific Economic Review, 2009, 14, (3), 426-442 Downloads View citations (4)
  7. Understanding Global Liquidity in a Volatile World
    Review of International Economics, 2009, 17, (4), 651-654 Downloads View citations (3)

2008

  1. External Shocks, Bank Lending Spreads, and Output Fluctuations*
    Review of International Economics, 2008, 16, (1), 1-20 Downloads View citations (9)
  2. Financial versus Monetary Mercantilism: Long‐run View of Large International Reserves Hoarding
    The World Economy, 2008, 31, (5), 593-611 Downloads View citations (97)
    See also Working Paper (2007)
  3. Globalization and Taste Convergence: the Cases of Wine and Beer
    Review of International Economics, 2008, 16, (2), 217-233 Downloads View citations (42)
    See also Working Paper (2005)
  4. LARGE HOARDING OF INTERNATIONAL RESERVES AND THE EMERGING GLOBAL ECONOMIC ARCHITECTURE
    Manchester School, 2008, 76, (5), 487-503 Downloads View citations (30)
    See also Working Paper (2007)
  5. On the hidden links between financial and trade opening
    Journal of International Money and Finance, 2008, 27, (3), 372-386 Downloads View citations (40)
    See also Working Paper (2003)
  6. Pegged Exchange Rate Regimes-A Trap?
    Journal of Money, Credit and Banking, 2008, 40, (4), 817-835 View citations (20)
    Also in Journal of Money, Credit and Banking, 2008, 40, (4), 817-835 (2008) Downloads View citations (5)

    See also Working Paper (2005)
  7. 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 Downloads View citations (48)
    See also Working Paper (2007)
  8. Relative Price Levels and Current Accounts: An Exploration
    East Asian Economic Review, 2008, 12, (2), 3-32 Downloads View citations (10)
    See also Working Paper (2008)
  9. The collection efficiency of the Value Added Tax: Theory and international evidence
    The Journal of International Trade & Economic Development, 2008, 17, (3), 391-410 Downloads View citations (62)
    See also Working Paper (2005)

2007

  1. International Reserves: Precautionary Versus Mercantilist Views, Theory and Evidence
    Open Economies Review, 2007, 18, (2), 191-214 Downloads View citations (343)
    Also in Proceedings, 2005 (2005) Downloads View citations (69)

    See also Working Paper (2005)
  2. 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 Downloads View citations (25)
    See also Working Paper (2004)
  3. Overview of conference volume "Financial and Commercial Integrations"
    Journal of International Money and Finance, 2007, 26, (5), 657-662 Downloads
  4. Prizes for basic research: Human capital, economic might and the shadow of history
    Journal of Economic Growth, 2007, 12, (3), 261-282 Downloads View citations (3)
    See also Working Paper (2007)
  5. 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 Downloads View citations (71)
    See also Working Paper (2004)
  6. Sovereign wealth funds: stumbling blocks or stepping stones to financial globalization?
    FRBSF Economic Letter, 2007, (dec14) Downloads View citations (14)

2006

  1. FDI and trade--Two-way linkages?
    The Quarterly Review of Economics and Finance, 2006, 46, (3), 317-337 Downloads View citations (50)
    See also Working Paper (2005)
  2. Institutional Efficiency, Monitoring Costs and the Investment Share of FDI*
    Review of International Economics, 2006, 14, (4), 683-697 Downloads View citations (29)
    See also Working Paper (2003)
  3. Investment and deposit contracts under costly intermediation and aggregate volatility
    International Review of Economics & Finance, 2006, 15, (3), 263-275 Downloads View citations (2)
  4. Military expenditure, threats, and growth
    The Journal of International Trade & Economic Development, 2006, 15, (2), 129-155 Downloads View citations (106)
    See also Working Paper (2003)

2005

  1. Financial Liberalisations in Latin America in the 1990s: A Reassessment
    The World Economy, 2005, 28, (7), 959-983 Downloads View citations (9)
    See also Working Paper (2005)
  2. Financial liberalization: how well has it worked for developing countries?
    FRBSF Economic Letter, 2005, (apr8) Downloads View citations (1)
  3. Financial sector inefficiencies and the debt Laffer curve
    International Journal of Finance & Economics, 2005, 10, (1), 1-13 Downloads View citations (3)
    See also Working Paper (2002)
  4. Opposition to FDI and financial shocks
    Journal of Development Economics, 2005, 77, (2), 467-476 Downloads View citations (3)
  5. 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 (22)
    See also Working Paper (2002)

2004

  1. Endogenous pricing to market and financing costs
    Journal of Monetary Economics, 2004, 51, (4), 691-712 Downloads View citations (23)
    See also Working Paper (2000)
  2. Financial Opening and Development: Evidence and Policy Controversies
    American Economic Review, 2004, 94, (2), 65-70 Downloads View citations (51)
  3. International Reserve Holdings with Sovereign Risk and Costly Tax Collection
    Economic Journal, 2004, 114, (497), 569-591 View citations (137)
    See also Working Paper (2003)
  4. Savings and the terms of trade under borrowing constraints
    Journal of International Economics, 2004, 63, (2), 321-340 Downloads View citations (25)
    See also Working Paper (2000)
  5. 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 Downloads View citations (72)
    See also Working Paper (2000)
  6. The merits of horizontal versus vertical FDI in the presence of uncertainty
    Journal of International Economics, 2004, 62, (1), 125-148 Downloads View citations (79)
    See also Working Paper (2001)

2003

  1. Capital Mobility In A Second–Best World: Moral Hazard With Costly Financial Intermediation
    Review of International Economics, 2003, 11, (1), 1-17 Downloads View citations (1)
    See also Working Paper (1998)
  2. Foreign exchange reserves in East Asia: why the high demand?
    FRBSF Economic Letter, 2003, (apr25) Downloads View citations (4)
  3. 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 Downloads View citations (1)
  4. 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 Downloads View citations (144)
    Also in Proceedings, 2002, (Sep) (2002) Downloads View citations (19)

    See also Working Paper (2002)
  5. Volatility and financial intermediation
    Journal of International Money and Finance, 2003, 22, (5), 657-679 Downloads View citations (21)
    See also Working Paper (1997)
  6. Volatility, employment and the patterns of FDI in emerging markets
    Journal of Development Economics, 2003, 72, (2), 585-601 Downloads View citations (37)
    See also Working Paper (2002)

2002

  1. 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 (1999)
  2. 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 (1999)

2001

  1. De-industrialization and Emerging Market Economies
    Journal of Economic Development, 2001, 26, (1), 25-36 Downloads
  2. Optimal tax and debt policy with endogenously imperfect creditworthiness
    The Journal of International Trade & Economic Development, 2001, 9, (4), 367-395 Downloads View citations (3)
    See also Working Paper (1996)
  3. Real Exchange Rate Overshooting and Capital Controls in a Crisis
    The Japanese Economic Review, 2001, 52, (4), 417-428 Downloads View citations (1)

2000

  1. The impact of inflation on budgetary discipline
    Journal of Development Economics, 2000, 63, (2), 425-449 Downloads View citations (7)
    See also Working Paper (1995)

1999

  1. International Portfolio Diversification with Generalized Expected Utility Preferences
    Canadian Journal of Economics, 1999, 32, (4), 995-1008 Downloads View citations (8)
    See also Working Paper (1997)
  2. Macroeconomic adjustment with segmented labor markets
    Journal of Development Economics, 1999, 58, (2), 277-296 Downloads View citations (54)
    See also Working Paper (1994)
  3. Uncertainty and the disappearance of international credit
    Proceedings, 1999, (Sep) Downloads View citations (5)
    See also Working Paper (1999)

1998

  1. Buffer stocks and precautionary savings with loss aversion
    Journal of International Money and Finance, 1998, 17, (6), 931-947 Downloads View citations (26)
  2. Contagion and Volatility with Imperfect Credit Markets
    IMF Staff Papers, 1998, 45, (2), 207-235 Downloads View citations (59)
    See also Working Paper (1997)
  3. Controlled Openness and Foreign Direct Investment
    Review of Development Economics, 1998, 2, (1), 1-10 Downloads View citations (4)
    See also Working Paper (1997)
  4. New Activities, the Welfare Cost of Uncertainty and Investment Policies
    International Journal of Finance & Economics, 1998, 3, (2), 97-110 Downloads View citations (3)
    See also Working Paper (1996)
  5. Regret theory and policy reform
    Journal of Economic Policy Reform, 1998, 2, (3), 269-280 Downloads View citations (1)
  6. The political economy of public savings and the role of capital mobility
    Journal of Development Economics, 1998, 57, (1), 67-95 Downloads View citations (15)

1997

  1. Capital Markets Integration, Volatility, and Persistence
    Journal of Macroeconomics, 1997, 19, (2), 217-236 Downloads View citations (4)
    See also Working Paper (1995)
  2. Investment in new activities and the welfare cost of uncertainty
    Journal of Development Economics, 1997, 52, (2), 259-277 Downloads View citations (14)
    See also Working Paper (1995)
  3. Technological change, relative wages, and unemployment
    European Economic Review, 1997, 41, (2), 187-205 Downloads View citations (13)
    See also Working Paper (1994)

1996

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

1995

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

1994

  1. Capital controls, collection costs and domestic public debt
    Journal of International Money and Finance, 1994, 13, (1), 41-54 Downloads View citations (21)
    See also Working Paper (1990)
  2. World Integration, Competitive and Bargaining-Regime Switch: An Exploration
    Canadian Journal of Economics, 1994, 27, (2), 458-83 Downloads
    See also Working Paper (1989)

1993

  1. Externalities, incentives, and failure to achieve national objectives in decentralized economies
    Journal of Development Economics, 1993, 41, (1), 95-114 Downloads View citations (5)
    See also Working Paper (1991)
  2. Future Policy Uncertainty, Effort, and the Responsiveness of Output to Market Signals
    Bulletin of Economic Research, 1993, 45, (4), 305-13 View citations (1)
  3. Macroeconomic uncertainty and private investment
    Economics Letters, 1993, 41, (2), 207-210 Downloads View citations (65)
  4. Policy Uncertainty, Persistence and Growth
    Review of International Economics, 1993, 1, (2), 145-63 View citations (185)
    See also Working Paper (1991)
  5. Soft Budget Constraints, Taxes, and the Incentive to Cooperate
    International Economic Review, 1993, 34, (4), 819-32 Downloads View citations (12)
    See also Working Paper (1990)

1992

  1. Competitive Externalities and the Optimal Seigniorage
    Journal of Money, Credit and Banking, 1992, 24, (1), 61-71 Downloads View citations (68)
    See also Working Paper (1989)
  2. Exchange Rate Flexibility, Volatility, and Domestic and Foreign Direct Investment
    IMF Staff Papers, 1992, 39, (4), 890-922 Downloads View citations (55)
  3. Reformas al comercio exterior credibilidad y desarrollo
    El Trimestre Económico, 1992, LIX, (número especial), 213-242
  4. Trade reforms, credibility, and development
    Journal of Development Economics, 1992, 39, (1), 163-187 Downloads View citations (9)
    See also Working Paper (1991)

1991

  1. Trade dependency, bargaining and external debt
    Journal of International Economics, 1991, 31, (1-2), 101-120 Downloads View citations (2)
    See also Working Paper (1988)

1990

  1. External debt, planning horizon, and distorted credit markets
    Journal of International Money and Finance, 1990, 9, (2), 138-158 Downloads View citations (1)
    See also Working Paper (1988)

1989

  1. Country Risk, Incomplete Information and Taxes on International Borrowing
    Economic Journal, 1989, 99, (394), 147-61 Downloads View citations (34)
  2. Market power and exchange rate adjustment in the presence of quotas
    Journal of International Economics, 1989, 27, (3-4), 265-282 Downloads View citations (1)
    See also Working Paper (1987)
  3. Monopolistic competition, relative prices, and output adjustment in the open economy
    Journal of International Money and Finance, 1989, 8, (1), 5-28 Downloads View citations (6)
    See also Working Paper (1986)

1988

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

1986

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

1985

  1. Adjustment to monetary policy and devaluation under two-tier and fixed exchange rate regimes
    Journal of Development Economics, 1985, 18, (1), 153-169 Downloads View citations (7)
    See also Working Paper (1983)
  2. Openness, relative prices, and macro-policies
    Journal of International Money and Finance, 1985, 4, (1), 5-17 Downloads View citations (1)
    See also Working Paper (1983)
  3. Optimal Wage Indexation, Foreign Exchange Intervention, and Monetary Policy
    American Economic Review, 1985, 75, (3), 402-23 Downloads View citations (59)
    See also Working Paper (1984)
  4. Tariff liberalization policy and financial restrictions
    Journal of International Economics, 1985, 19, (3-4), 241-255 Downloads View citations (8)
    See also Working Paper (1983)
  5. Wage Flexibility and Openness
    The Quarterly Journal of Economics, 1985, 100, (2), 539-550 Downloads View citations (10)
    See also Working Paper (1983)

1984

  1. Modeling Deviations from Purchasing Power Parity (PPP)
    International Economic Review, 1984, 25, (1), 175-91 Downloads View citations (3)
    See also Working Paper (1983)
  2. Optimal wage re-negotiation in a closed and open economy
    Journal of Monetary Economics, 1984, 13, (2), 251-262 Downloads View citations (5)

1983

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

1982

  1. Aspects of the optimal management of exchange rates
    Journal of International Economics, 1982, 13, (3-4), 231-256 Downloads View citations (42)
    See also Working Paper (1981)

1981

  1. Devaluation and liberalization in the presence of tariff and quota restrictions: An equilibrium model
    Journal of International Economics, 1981, 11, (2), 197-206 Downloads View citations (1)
  2. 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 Downloads View citations (4)

Edited books

2011

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

2006

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

Chapters

2020

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

2015

  1. Liquidity and Foreign Asset Management Challenges for Latin American Countries
    Chapter 04 in Commodity Prices and Macroeconomic Policy, 2015, vol. 22, pp 091-134 Downloads
    See also Working Paper (2014)

2012

  1. 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 Downloads
  2. The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
    Chapter 6 in Monetary and Currency Policy Management in Asia, 2012 Downloads
    See also Working Paper (2010)

2011

  1. 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 Downloads View citations (20)
    See also Journal Article in NBER International Seminar on Macroeconomics (2012)

2010

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

2008

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

2004

  1. Financial Opening: Evidence and Policy Options
    A chapter in Challenges to Globalization: Analyzing the Economics, 2004, pp 473-494 Downloads View citations (19)
    See also Working Paper (2002)

1998

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

1988

  1. 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 Downloads
    See also Working Paper (1987)

1986

  1. 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 Downloads View citations (7)
 
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