Details about Robert P. Flood

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Workplace:	Research Department, International Monetary Fund (IMF), (more information at EDIRC) Department of Economics, University of Notre Dame, (more information at EDIRC)

Access statistics for papers by Robert P. Flood.

Last updated 2009-06-09. Update your information in the RePEc Author Service.

Short-id: pfl25

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Working Papers

2004

1. Estimating the Expected Marginal Rate of Substitution: Exploiting Idiosyncratic Risk
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) View citations (1)

2003

2. Financial Integration: A New Methodology and an Illustration
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (3)
   See also Journal Article Financial Integration: A New Methodology And An Illustration, Journal of the European Economic Association, MIT Press (2005) View citations (12) (2005)

2001

3. Uncovered Interest Parity in Crisis: The Interest Rate Defence in the 1990s
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)

2000

4. An Interest Rate Defence of a Fixed Exchange Rate?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
   See also Journal Article An interest rate defense of a fixed exchange rate?, Journal of International Economics, Elsevier (2005) View citations (43) (2005)

1998

5. Perspectives on the Recent Currency Crisis Literature
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (132)
   See also Journal Article Perspectives on the Recent Currency Crisis Literature, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (1999) View citations (127) (1999)
6. Understanding Exchange Rate Volatility Without the Contrivance of Macroeconomics
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (12)
   See also Journal Article Understanding Exchange Rate Volatility without the Contrivance of Macroeconomics, Economic Journal, Royal Economic Society (1999) View citations (105) (1999)

1996

7. Speculative Attacks: Fundamentals and Self-Fulfilling Prophecies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)

1995

8. Collapsing Exchange Rate Regimes: Another Linear Example
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
   See also Journal Article Collapsing exchange rate regimes: Another linear example, Journal of International Economics, Elsevier (1996) View citations (56) (1996)
9. Reserve Cycles
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge

1994

10. Fixes: Of The Forward Discount Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1994) View citations (14)
    See also Journal Article Fixes: Of the Forward Discount Puzzle, The Review of Economics and Statistics, MIT Press (1996) View citations (98) (1996)
11. Issues Concerning Nominal Anchors for Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
12. The Size and Timing of Devaluations in Capital-Controlled Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)

1993

13. Fixing Exchange Rates: A Virtual Quest for Fundamentals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (1993) View citations (14)
    Working Papers, Stockholm - International Economic Studies (1992) View citations (10)
    See also Journal Article Fixing exchange rates A virtual quest for fundamentals, Journal of Monetary Economics, Elsevier (1995) View citations (388) (1995)

1991

14. Speculative Attacks and Models of Balance-of-Payments Crises
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)

1990

15. An Empirical Exploration of Exchange Rate Target-Zones
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    See also Journal Article An empirical exploration of exchange-rate target-zones, Carnegie-Rochester Conference Series on Public Policy, Elsevier (1991) View citations (91) (1991)
16. Is the EMS the perfect fix? An empirical exploration of exchange rate target zones
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)

1989

17. Risk Neutrality and the Two-Tier Foreign Exchange Market: Evidence from Belgium
    NBER Working Papers, National Bureau of Economic Research, Inc
18. Simple Rules, Discretion and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
19. Testable Implications of Indeterminacies in Models with Rational Expectations
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
20. The Linkage Between Speculative Attack and Target Zone Models of Exchange Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)

1988

21. Asset Prices and Time-Varying Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
22. Monetary Policy Strategies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)

1986

23. An Evaluation of Recent Evidence on Stock Market Bubbles
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
24. Asset Price Volatility, Bubbles, and Process Switching
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (44)
    See also Journal Article Asset Price Volatility, Bubbles, and Process Switching, Journal of Finance, American Finance Association (1986) View citations (47) (1986)
25. Money and the Open Economy Business Cycle: A Flexible Price Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1985

26. Real Aspects of Exchange Rate Regime Choice with Collapsing Fixed Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Real aspects of exchange rate regime choice with collapsing fixed rates, Journal of International Economics, Elsevier (1986) View citations (33) (1986)

1983

27. Optimal Price and Inventory Adjustment in an Open-Economy Model of the Business Cycle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

1982

28. A model of stochastic process switching
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1981) View citations (49)
    See also Journal Article A Model of Stochastic Process Switching, Econometrica, Econometric Society (1983) View citations (67) (1983)
29. Two Notes on Indeterminacy Problems
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

1981

30. A Systematic Banking Collapse in a Perfect Foresight World
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
31. Exchange-rate regimes in transition: Italy 1974
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article Exchange-rate regimes in transition: Italy 1974, Journal of International Money and Finance, Elsevier (1983) View citations (3) (1983)
32. Explanations of Exchange Rate Volatility and Other Empirical Regularities in Some Popular Models of the Foreign Exchange Market
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
33. Gold monetization and gold discipline
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1980) View citations (2)
    See also Journal Article Gold Monetization and Gold Discipline, Journal of Political Economy, University of Chicago Press (1984) View citations (84) (1984)
34. Process Consistency and Monetary Reform: Further Evidence and Implications
    NBER Working Papers, National Bureau of Economic Research, Inc

1980

35. The Transmission of Disturbances under Alternative Exchange-Rate Regimeswith Optimal Indexing
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

Journal Articles

2006

1. Stock Prices, Output and the Monetary Regime
   Open Economies Review, 2006, 17, (2), 147-173 View citations (1)

2005

2. An interest rate defense of a fixed exchange rate?
   Journal of International Economics, 2005, 66, (2), 471-484 View citations (43)
   See also Working Paper An Interest Rate Defence of a Fixed Exchange Rate?, CEPR Discussion Papers (2000) View citations (2) (2000)
3. Estimating the expected marginal rate of substitution: A systematic exploitation of idiosyncratic risk
   Journal of Monetary Economics, 2005, 52, (5), 951-969 View citations (12)
4. Financial Integration: A New Methodology And An Illustration
   Journal of the European Economic Association, 2005, 3, (6), 1349-1359 View citations (12)
   See also Working Paper Financial Integration: A New Methodology and an Illustration, CEPR Discussion Papers (2003) View citations (3) (2003)
5. Purchasing power parity and the theory of general relativity: the first tests
   Journal of International Money and Finance, 2005, 24, (2), 293-316 View citations (51)

2004

6. A model of the joint distribution of banking and currency crises
   Journal of International Money and Finance, 2004, 23, (6), 841-865 View citations (7)

2000

7. Self-fulfilling risk predictions:: an application to speculative attacks
   Journal of International Economics, 2000, 50, (1), 245-268 View citations (36)

1999

8. Perspectives on the Recent Currency Crisis Literature
   International Journal of Finance & Economics, 1999, 4, (1), 1-26 View citations (127)
   See also Working Paper Perspectives on the Recent Currency Crisis Literature, NBER Working Papers (1998) View citations (132) (1998)
9. Understanding Exchange Rate Volatility without the Contrivance of Macroeconomics
   Economic Journal, 1999, 109, (459), F660-72 View citations (105)
   See also Working Paper Understanding Exchange Rate Volatility Without the Contrivance of Macroeconomics, CEPR Discussion Papers (1998) View citations (12) (1998)

1998

10. Reserve and exchange rate cycles
    Journal of International Economics, 1998, 46, (1), 31-59 View citations (3)

1997

11. The size and timing of devaluations in capital-controlled economies
    Journal of Development Economics, 1997, 54, (1), 123-147 View citations (8)

1996

12. Collapsing exchange rate regimes: Another linear example
    Journal of International Economics, 1996, 41, (3-4), 223-234 View citations (56)
    See also Working Paper Collapsing Exchange Rate Regimes: Another Linear Example, NBER Working Papers (1995) View citations (9) (1995)
13. Economic models of speculative attacks and the drachma crisis of May 1994
    Open Economies Review, 1996, 7, (1), 591-600 View citations (4)
14. Fixes: Of the Forward Discount Puzzle
    The Review of Economics and Statistics, 1996, 78, (4), 748-52 View citations (98)
    See also Working Paper Fixes: Of The Forward Discount Puzzle, NBER Working Papers (1994) View citations (12) (1994)

1995

15. Fixing exchange rates A virtual quest for fundamentals
    Journal of Monetary Economics, 1995, 36, (1), 3-37 View citations (388)
    See also Working Paper Fixing Exchange Rates: A Virtual Quest for Fundamentals, NBER Working Papers (1993) View citations (21) (1993)

1993

16. Why have a target zone?: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1993, 38, (1), 315-318

1991

17. An empirical exploration of exchange-rate target-zones
    Carnegie-Rochester Conference Series on Public Policy, 1991, 35, (1), 7-65 View citations (91)
    See also Working Paper An Empirical Exploration of Exchange Rate Target-Zones, NBER Working Papers (1990) View citations (31) (1990)

1990

18. On Testing for Speculative Bubbles
    Journal of Economic Perspectives, 1990, 4, (2), 85-101 View citations (174)

1988

19. Determinants of the spread in a two-tier foreign exchange market
    Economics Letters, 1988, 27, (2), 173-178 View citations (2)

1986

20. Asset Price Volatility, Bubbles, and Process Switching
    Journal of Finance, 1986, 41, (4), 831-42 View citations (47)
    See also Working Paper Asset Price Volatility, Bubbles, and Process Switching, NBER Working Papers (1986) View citations (44) (1986)
21. Real aspects of exchange rate regime choice with collapsing fixed rates
    Journal of International Economics, 1986, 21, (3-4), 215-232 View citations (33)
    See also Working Paper Real Aspects of Exchange Rate Regime Choice with Collapsing Fixed Rates, NBER Working Papers (1985) View citations (4) (1985)

1985

22. Exchange Rate Dynamics, Sticky Prices and the Current Account
    Journal of Money, Credit and Banking, 1985, 17, (3), 312-27 View citations (8)

1984

23. Collapsing exchange-rate regimes: Some linear examples
    Journal of International Economics, 1984, 17, (1-2), 1-13 View citations (655)
24. Exchange Rate and Price Dynamics with Asymmetric Information
    International Economic Review, 1984, 25, (3), 513-26
25. Gold Monetization and Gold Discipline
    Journal of Political Economy, 1984, 92, (1), 90-107 View citations (84)
    See also Working Paper Gold monetization and gold discipline, International Finance Discussion Papers (1981) View citations (1) (1981)
26. Multi-country tests for price level bubbles
    Journal of Economic Dynamics and Control, 1984, 8, (3), 329-340 View citations (14)

1983

27. A Model of Stochastic Process Switching
    Econometrica, 1983, 51, (3), 537-51 View citations (67)
    See also Working Paper A model of stochastic process switching, International Finance Discussion Papers (1982) (1982)
28. Exchange-rate regimes in transition: Italy 1974
    Journal of International Money and Finance, 1983, 2, (3), 279-294 View citations (3)
    See also Working Paper Exchange-rate regimes in transition: Italy 1974, International Finance Discussion Papers (1981) (1981)
29. On the equivalence of solutions in rational expectations models
    Journal of Economic Dynamics and Control, 1983, 5, (1), 311-321 View citations (11)
30. Process consistency and monetary reform: Some further evidence
    Journal of Monetary Economics, 1983, 12, (2), 279-295

1982

31. 'Real exchange rate overshooting and the output cost of bringing down inflation' by Buiter and Miller
    European Economic Review, 1982, 18, (2), 125-127
    Also in European Economic Review, 1982, 18, (1), 125-127 (1982)
32. Activist Policy in the Open Economy
    American Economic Review, 1982, 72, (2), 51-55 View citations (1)

1980

33. A pitfall in estimation of models with rational expectations
    Journal of Monetary Economics, 1980, 6, (3), 433-435 View citations (11)
34. An Economic Theory of Monetary Reform
    Journal of Political Economy, 1980, 88, (1), 24-58 View citations (33)
35. Market Fundamentals versus Price-Level Bubbles: The First Tests
    Journal of Political Economy, 1980, 88, (4), 745-70 View citations (202)

1979

36. Capital Mobility and the Choice of Exchange Rate System
    International Economic Review, 1979, 20, (2), 405-16 View citations (33)

1978

37. Backward looking and forward looking solutions to monetary models of inflation with rational expectations
    Economics Letters, 1978, 1, (2), 117-119
38. Bank credit, money and inflation in open economics: Michele Frattianni and Karel Tavernier, eds., supplement to kredit und kapital heft 3 (Duncker & Humblot, Berlin, 1976) 624, DM 78
    Journal of Monetary Economics, 1978, 4, (3), 557-559
39. Exchange rate expectations in dual exchange markets
    Journal of International Economics, 1978, 8, (1), 65-77 View citations (13)

1977

40. Growth, Prices, and the Balance of Payments
    Canadian Journal of Economics, 1977, 10, (2), 193-207 View citations (1)

Chapters

2000

1. Is Launching the Euro Unstable in the Endgame?
   A chapter in Currency Crises, 2000, pp 163-177 View citations (5)

1996

2. Exchange Rate Economics: What's Wrong with the Conventional Macro Approach?
   A chapter in The Microstructure of Foreign Exchange Markets, 1996, pp 261-302 View citations (121)