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Details about Mark M Spiegel

E-mail:
Homepage:http://www.frbsf.org/economics/economists/mspiegel.html
Phone:415-974-3241
Postal address:Economic Research, Stop 1130 Federal Reserve Bank of San Francisco 101 Market Street San Francisco, CA, 94105
Workplace:Economic Research, Federal Reserve Bank of San Francisco, (more information at EDIRC)

Access statistics for papers by Mark M Spiegel.

Last updated 2019-10-11. Update your information in the RePEc Author Service.

Short-id: psp18


Jump to Journal Articles Edited books Chapters

Working Papers

2019

  1. Assessing Abenomics: Evidence from Inflation-Indexed Japanese Government Bonds
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Is China Fudging Its GDP Figures? Evidence from Trading Partner Data
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads

2018

  1. Optimal Capital Account Liberalization in China
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
  2. Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) Downloads View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) Downloads View citations (2)

2017

  1. International Transmission of Japanese Monetary Shocks Under Low and Negative Interest Rates: A Global Favar Approach
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Sentiments and Economic Activity: Evidence from U.S. States
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016) Downloads

    See also Journal Article in Economic Journal (2019)

2016

  1. Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article in Journal of International Money and Finance (2017)
  2. Reserve Requirements and Optimal Chinese Stabilization Policy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
    See also Journal Article in Journal of Monetary Economics (2019)
  3. The Rise in Home Currency Issuance
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (9)

2015

  1. Bond vigilantes and inflation
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article in International Journal of Central Banking (2018)
  2. Domestic bond markets and inflation
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
  3. Is China fudging its figures? Evidence from trading partner data
    BOFIT Discussion Papers, Bank of Finland, Institute for Economies in Transition Downloads View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2015) Downloads View citations (7)
  4. Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (10)
    See also Journal Article in IMF Economic Review (2015)

2014

  1. Modernization and Discrete Measures of Democracy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Monetary Policy Effectiveness in China: Evidence from a FAVAR Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (47)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) Downloads View citations (47)

    See also Journal Article in Journal of International Money and Finance (2014)

2013

  1. Capital controls and optimal Chinese monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    See also Journal Article in Journal of Monetary Economics (2015)
  2. Is Asia Decoupling from the United States (Again)?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (7)
    See also Journal Article in Pacific Economic Review (2013)

2011

  1. Cross-country causes and consequences of the crisis: an update
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (120)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) Downloads View citations (49)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (38)

    See also Journal Article in European Economic Review (2011)
  2. Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) Downloads View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) Downloads View citations (2)

    See also Journal Article in Journal of International Economics (2012)
    Chapter (2011)
  3. North-South Customs Unions and International Capital Mobility
    IDB Publications (Working Papers), Inter-American Development Bank Downloads
    Also in Policy Research Working Paper Series, The World Bank (1996) Downloads View citations (1)
    Research Department Publications, Inter-American Development Bank, Research Department (1997) Downloads

    See also Journal Article in Journal of International Economics (1998)
  4. Reestablishing the Income-Democracy Nexus
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (44)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) Downloads View citations (28)

2010

  1. Bond currency denomination and the yen carry trade
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Developing Asian Local Currency Bond Markets: Why and How?
    Working Papers, eSocialSciences Downloads
    Also in ADBI Working Papers, Asian Development Bank Institute (2009) Downloads View citations (7)

    See also Chapter (2012)

2009

  1. Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (46)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) Downloads View citations (33)
    Working Papers, Department of the Treasury, Ministry of the Economy and of Finance Downloads View citations (33)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (67)
  2. Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (53)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (34)
    Working Paper Series, Federal Reserve Bank of San Francisco (2009) Downloads View citations (34)

    See also Journal Article in Pacific Economic Review (2010)
  3. Foreign entry into underwriting services: evidence from Japan's "Big Bang" deregulation
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
    See also Journal Article in Journal of Money, Credit and Banking (2014)
  4. The Olympic Effect
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) Downloads View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads

    See also Journal Article in Economic Journal (2011)

2008

  1. Financial globalization and monetary policy discipline
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (3)
  2. International Financial Remoteness and Macroeconomic Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) Downloads View citations (6)
    Working Paper Series, Federal Reserve Bank of San Francisco (2007) Downloads View citations (3)

    See also Journal Article in Journal of Development Economics (2009)
  3. Monetary and financial integration in the EMU: Push or pull?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (10)
    See also Journal Article in Review of International Economics (2009)
  4. Non-Economic Engagement and International Exchange: The Case of Environmental Treaties
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (6)
    Working Paper Series, Federal Reserve Bank of San Francisco (2006) Downloads View citations (2)

    See also Journal Article in Journal of Money, Credit and Banking (2009)
  5. Who drove the boom in euro-denominated bond issues?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (12)

2007

  1. Takeoffs
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2007) Downloads

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

2006

  1. Foreign bank lending and bond underwriting in Japan during the lost decade
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads
  2. Moderate inflation and the deflation-depression link
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (3)
    See also Journal Article in Journal of Money, Credit and Banking (2009)
  3. Offshore Financial Centers: Parasites or Symbionts?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) Downloads View citations (3)
    Working Paper Series, Federal Reserve Bank of San Francisco (2005) Downloads View citations (6)

    See also Journal Article in Economic Journal (2007)
  4. Quantitative easing and Japanese bank equity values
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (12)
    See also Journal Article in Journal of the Japanese and International Economies (2006)

2005

  1. Asset price declines and real estate market illiquidity: evidence from Japanese land values
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (5)

2004

  1. Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks
    CESifo Working Paper Series, CESifo Group Munich Downloads View citations (3)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2003) Downloads View citations (12)
  2. Market price accounting and depositor discipline in Japanese regional banks
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (1)
  3. Monetary and financial integration: evidence from Portuguese borrowing patterns
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (12)

2003

  1. Currency boards, dollarized liabilities, and monetary policy credibility
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    See also Journal Article in Journal of International Money and Finance (2003)
  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 (12)

    See also Journal Article in Review of International Economics (2006)

2002

  1. A Gravity Model of International Lending: Trade, Default and Credit
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (10)
  2. A Gravity Model of Sovereign Lending: Trade, Default and Credit
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (42)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2002) Downloads View citations (37)

    See also Journal Article in IMF Staff Papers (2004)
  3. Financial structure and macroeconomic performance over the short and long run
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (9)
  4. Human capital and technology diffusion
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (4)
    See also Journal Article in Proceedings (2002)
    Chapter (2005)

2001

  1. Financial development and growth: are the APEC nations unique?
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (3)
  2. The disposition of failed Japanese bank assets: lessons from the U.S. savings and loan crisis
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (2)
    See also Journal Article in Economic Review (2002)
  3. The disposition of failed bank assets: put guarantees or loss-sharing arrangements?
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (3)
  4. The impact of Japan's financial stabilization laws on bank equity values
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco Downloads
    See also Journal Article in Journal of the Japanese and International Economies (2003)

2000

  1. Financial Turbulence and the Japanese Main Bank Relationship
    Working Papers, Economisch Institut voor het Midden en Kleinbedrijf- View citations (5)
    See also Journal Article in Journal of Financial Services Research (2003)
  2. Financial turbulence and the Japanese main bank
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (3)
  3. Solvency runs, sunspot runs, and international bailouts
    Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (4)
    See also Journal Article in Journal of International Economics (2005)
  4. The Evolution of Too-Big-Fail Policy in Japan: Evidence from Market Equity Values
    Working Papers, Economisch Institut voor het Midden en Kleinbedrijf- View citations (1)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2000) Downloads View citations (13)

1999

  1. Bank Chapter Value and the Viability of the Japanese Convoy System
    Working Papers, Economisch Institut voor het Midden en Kleinbedrijf-
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1999) Downloads View citations (1)

    See also Journal Article in Journal of the Japanese and International Economies (2000)
  2. Sterilization Costs and Exchange Rate Targeting
    Working Papers, Economisch Institut voor het Midden en Kleinbedrijf-
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1999) Downloads

    See also Journal Article in Journal of International Money and Finance (2004)
  3. The role of relative performance in bank closure decisions
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco Downloads View citations (6)
    See also Journal Article in Economic Review (2008)

1998

  1. The ins and outs of joining a monetary union
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco Downloads

1997

  1. Are Asian economies exempt from the "impossible trinity?": evidence from Singapore
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (7)
  2. Cross-Country Growth Regressions
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (20)
  3. Growth and investment across countries
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco Downloads View citations (5)
  4. Panel evidence on the speed of convergence
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
  5. Uniones aduaneras norte-sur y movilidad internacional del capital
    Research Department Publications, Inter-American Development Bank, Research Department Downloads

1996

  1. Inequality and stability
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article in Annals of Economics and Statistics (1997)
  2. Speculative capital inflows and exchange rate targeting in the Pacific Basin
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)

1995

  1. A theory of North-South customs unions
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
  2. Does state economic development spending increase manufacturing employment?
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article in Journal of Urban Economics (1997)
  3. Financial implications of regional trade accords
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
  4. Sterilization of capital inflows through the banking sector: evidence from Asia
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco Downloads View citations (22)
    See also Journal Article in Economic Review (1995)

1994

  1. "Burden sharing" in sovereign debt reduction
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1992)

    See also Journal Article in Journal of Development Economics (1996)
  2. Determinants of long-run labor productivity growth: a selective survey with some new empirical results
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (5)
  3. Fixed-premium deposit insurance and international credit crunches
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
    See also Journal Article in Economic Review (1996)

1993

  1. Fixed-Premium Deposit Insurance and Collective Action Problems Among Banks
    Working Papers, C.V. Starr Center for Applied Economics, New York University
  2. Heterogeneity in Bank Valuation of LCD Debt: Evidence from the 1988 Brazilian Debt-Reduction Program
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
    See also Journal Article in Journal of Monetary Economics (1997)
  3. Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
    See also Journal Article in Journal of Urban Economics (1995)

1992

  1. Sovereign Risk Exposure with Potential Liquidation: the Performance of Alternative Forms of External Finance
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (1)
    See also Journal Article in Journal of International Money and Finance (1994)
  2. The Role of Human Capital and Political Instability in Economic Development
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (18)
  3. The Role of Human Capital in economic Development: Evidence form Aggregate Cross-Country Regional U.S. Data
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (7)

1991

  1. Are Buybacks Back? Menu-Driven Debt-Reduction in Schemes with Heterogeneous Creditors
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2)
    See also Journal Article in Journal of Monetary Economics (1994)
  2. Are buybacks back? Menu-driven debt-reduction schemes with heterogenous creditors
    Policy Research Working Paper Series, The World Bank Downloads View citations (1)
    See also Journal Article in Journal of Monetary Economics (1994)
  3. Growth Accounting with Physical and Human Capital Accumulation
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (6)
  4. Threshold Effects in International Lending
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in Policy Research Working Paper Series, The World Bank (1990) Downloads

    See also Journal Article in Journal of Development Economics (1995)

1989

  1. CONCERTED LENDING: DID LARGE BANKS BEAR THE BURDEN?
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article in Journal of Money, Credit and Banking (1992)
  2. DEBT WRITE-DOWNS AND DEBT-EQUITY SWAPS IN A TWO SECTOR MODEL
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) Downloads

    See also Journal Article in Journal of International Economics (1992)
  3. RISK AVERSION, DEPOSIT INSURANCE, AND COLLECTIVE ACTION PROBLEMS AMONG BANKS
    Working Papers, C.V. Starr Center for Applied Economics, New York University

Journal Articles

2019

  1. How Severe Is China’s Slowdown? Evidence from China CAT
    FRBSF Economic Letter, 2019 Downloads
  2. Negative Interest Rates and Inflation Expectations in Japan
    FRBSF Economic Letter, 2019 Downloads
  3. Reserve requirements and optimal Chinese stabilization policy
    Journal of Monetary Economics, 2019, 103, (C), 33-51 Downloads
    See also Working Paper (2016)
  4. Sentiments and Economic Activity: Evidence from US States
    Economic Journal, 2019, 129, (618), 715-733 Downloads
    See also Working Paper (2017)

2018

  1. Bond Vigilantes and Inflation
    International Journal of Central Banking, 2018, 14, (2), 263-300 Downloads
    See also Working Paper (2015)
  2. How Persistent Are the Effects of Sentiment Shocks?
    FRBSF Economic Letter, 2018 Downloads
  3. Is GDP Overstating Economic Activity?
    FRBSF Economic Letter, 2018 Downloads

2017

  1. Measuring the effects of dollar appreciation on Asia: A FAVAR approach
    Journal of International Money and Finance, 2017, 74, (C), 353-370 Downloads View citations (2)
    See also Working Paper (2016)
  2. Reserve Requirements as a Chinese Macro Policy Tool
    FRBSF Economic Letter, 2017 Downloads

2016

  1. China's IPO activity and equity market volatility
    FRBSF Economic Letter, 2016 Downloads
  2. Do local bond markets help fight inflation?
    FRBSF Economic Letter, 2016 Downloads

2015

  1. Capital controls and optimal Chinese monetary policy
    Journal of Monetary Economics, 2015, 74, (C), 1-15 Downloads View citations (30)
    See also Working Paper (2013)
  2. China in the global economy. SF Fed President John Williams talks with Zheng Liu, Mark Spiegel, and Fernanda Nechio of the international research team about China's economic slowdown and how it's affecting global economic activity
    Annual Report, 2015, 07-07 Downloads
  3. Global fallout from China's industrial slowdown
    FRBSF Economic Letter, 2015 Downloads
  4. Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy
    IMF Economic Review, 2015, 63, (2), 298-324 Downloads View citations (15)
    See also Working Paper (2015)

2014

  1. Foreign Entry into Underwriting Services: Evidence from Japan's “Big Bang” Deregulation
    Journal of Money, Credit and Banking, 2014, 46, (2-3), 445-468 Downloads View citations (5)
    See also Working Paper (2009)
  2. Global aging: more headwinds for U.S. stocks?
    FRBSF Economic Letter, 2014 Downloads
  3. Has China’s economy become more “standard”?
    FRBSF Economic Letter, 2014 Downloads View citations (1)
  4. Home currency issuance in global debt markets
    FRBSF Economic Letter, 2014 Downloads
  5. Monetary policy effectiveness in China: Evidence from a FAVAR model
    Journal of International Money and Finance, 2014, 49, (PA), 83-103 Downloads View citations (47)
    See also Working Paper (2014)
  6. Prospects for Asia and the Global Economy: conference summary
    FRBSF Economic Letter, 2014 Downloads

2013

  1. Income and democracy: Evidence from nonlinear estimations
    Economics Letters, 2013, 118, (3), 489-492 Downloads View citations (19)
  2. Introduction: Asian Business Cycle Synchronization with the Global Economy
    Pacific Economic Review, 2013, 18, (3), 318-320 Downloads
  3. Is Asia Decoupling from the United States (Again)?
    Pacific Economic Review, 2013, 18, (3), 345-369 Downloads View citations (7)
    See also Working Paper (2013)
  4. On the reliability of Chinese output figures
    FRBSF Economic Letter, 2013, (mar25) Downloads View citations (6)

2012

  1. Asia’s role in the post-crisis global economy
    FRBSF Economic Letter, 2012, (aug13) Downloads View citations (2)
  2. CENTRAL BANK SWAPS AND INTERNATIONAL DOLLAR ILLIQUIDITY
    Global Journal of Economics (GJE), 2012, 01, (01), 1-20 Downloads
  3. Currency composition of international bonds: The EMU effect
    Journal of International Economics, 2012, 88, (1), 134-149 Downloads View citations (15)
  4. Dollar illiquidity and central bank swap arrangements during the global financial crisis
    Journal of International Economics, 2012, 88, (2), 326-340 Downloads View citations (15)
    See also Chapter (2011)
    Working Paper (2011)
  5. External shocks and China’s monetary policy
    FRBSF Economic Letter, 2012, (dec3) Downloads
  6. Is China due for a slowdown?
    FRBSF Economic Letter, 2012, (oct15) Downloads

2011

  1. Boomer retirement: headwinds for U.S. equity markets?
    FRBSF Economic Letter, 2011, (aug22) Downloads View citations (10)
  2. Cross-country causes and consequences of the crisis: An update
    European Economic Review, 2011, 55, (3), 309-324 Downloads View citations (119)
    See also Working Paper (2011)
  3. The Olympic Effect
    Economic Journal, 2011, 121, (553), 652-677 View citations (30)
    See also Working Paper (2009)

2010

  1. Asia and the global financial crisis: conference summary
    FRBSF Economic Letter, 2010, (mar15) Downloads View citations (8)
  2. Asset Price Persistence and Real Estate Market Illiquidity: Evidence from Japanese Land Values
    Real Estate Economics, 2010, 38, (2), 171-196 Downloads View citations (4)
  3. CROSS‐COUNTRY CAUSES AND CONSEQUENCES OF THE 2008 CRISIS: INTERNATIONAL LINKAGES AND AMERICAN EXPOSURE
    Pacific Economic Review, 2010, 15, (3), 340-363 Downloads View citations (65)
    See also Working Paper (2009)
  4. Ronen Palan, Richard Murphy and Christian Chavagneux, Tax Havens: How Globalization Really Works, Cornell University Press (2010)
    Journal of International Economics, 2010, 82, (2), 249-250 Downloads
  5. Takeoffs
    Review of Development Economics, 2010, 14, (2), 177-196 Downloads
    See also Working Paper (2007)

2009

  1. Financial Globalization and Monetary Policy Discipline: A Survey With New Evidence from Financial Remoteness
    IMF Staff Papers, 2009, 56, (1), 198-221 Downloads View citations (9)
  2. International financial remoteness and macroeconomic volatility
    Journal of Development Economics, 2009, 89, (2), 250-257 Downloads View citations (36)
    See also Working Paper (2008)
  3. Moderate Inflation and the Deflation-Depression Link
    Journal of Money, Credit and Banking, 2009, 41, (4), 787-798 Downloads View citations (5)
    See also Working Paper (2006)
  4. Monetary and Financial Integration in the EMU: Push or Pull?
    Review of International Economics, 2009, 17, (4), 751-776 Downloads View citations (37)
    See also Working Paper (2008)
  5. Monetary and financial integration: Evidence from the EMU
    Journal of the Japanese and International Economies, 2009, 23, (2), 114-130 Downloads View citations (44)
    Also in FRBSF Economic Letter, 2004, (aug6) (2004) Downloads View citations (8)

    See also Chapter (2009)
  6. Noneconomic Engagement and International Exchange: The Case of Environmental Treaties
    Journal of Money, Credit and Banking, 2009, 41, (2-3), 337-363 Downloads View citations (29)
    See also Working Paper (2008)
  7. Predicting crises, part II: Did anything matter (to everybody)?
    FRBSF Economic Letter, 2009, (sep28) Downloads View citations (2)

2008

  1. The EMU effect on the currency denomination of international bonds
    FRBSF Economic Letter, 2008, (sep26) Downloads
  2. The role of relative performance in bank closure decisions
    Economic Review, 2008, 17-29 Downloads View citations (5)
    See also Working Paper (1999)

2007

  1. Financial globalization and monetary policy
    FRBSF Economic Letter, 2007, (nov23) Downloads View citations (2)
  2. Market price accounting and depositor discipline: The case of Japanese regional banks
    Journal of Banking & Finance, 2007, 31, (3), 769-786 Downloads View citations (7)
  3. Offshore Financial Centres: Parasites or Symbionts?
    Economic Journal, 2007, 117, (523), 1310-1335 Downloads View citations (36)
    See also Working Paper (2006)

2006

  1. Did quantitative easing by the Bank of Japan "work"?
    FRBSF Economic Letter, 2006, (oct20) Downloads View citations (5)
  2. External imbalances and adjustment in the Pacific Basin: conference summary
    FRBSF Economic Letter, 2006, (mar10) Downloads
  3. Institutional Efficiency, Monitoring Costs and the Investment Share of FDI*
    Review of International Economics, 2006, 14, (4), 683-697 Downloads View citations (13)
    See also Working Paper (2003)
  4. Quantitative easing and Japanese bank equity values
    Journal of the Japanese and International Economies, 2006, 20, (4), 699-721 Downloads View citations (9)
    See also Working Paper (2006)

2005

  1. A look at China's new exchange rate regime
    FRBSF Economic Letter, 2005, (sep9) Downloads View citations (1)
  2. Solvency runs, sunspot runs, and international bailouts
    Journal of International Economics, 2005, 65, (1), 203-219 Downloads View citations (1)
    See also Working Paper (2000)
  3. The Bretton Woods System: are we experiencing a revival? (symposium summary)
    FRBSF Economic Letter, 2005, (nov25) Downloads View citations (2)

2004

  1. A Gravity Model of Sovereign Lending: Trade, Default, and Credit
    IMF Staff Papers, 2004, 51, (s1), 50-63 Downloads View citations (82)
    See also Working Paper (2002)
  2. Easing out of the Bank of Japan's monetary easing policy
    FRBSF Economic Letter, 2004, (nov19) Downloads
  3. Sterilization costs and exchange rate targeting
    Journal of International Money and Finance, 2004, 23, (6), 897-915 Downloads View citations (8)
    See also Working Paper (1999)
  4. The Evolution Of Bank Resolution Policies In Japan: Evidence From Market Equity Values
    Journal of Financial Research, 2004, 27, (1), 115-132 Downloads View citations (18)

2003

  1. Currency boards, dollarized liabilities, and monetary policy credibility
    Journal of International Money and Finance, 2003, 22, (7), 1065-1087 Downloads View citations (1)
    See also Working Paper (2003)
  2. Editors' introduction
    Journal of the Japanese and International Economies, 2003, 17, (3), 229-232 Downloads
  3. Financial Turbulence and the Japanese Main Bank Relationship
    Journal of Financial Services Research, 2003, 23, (3), 205-223 Downloads View citations (4)
    See also Working Paper (2000)
  4. Japanese foreign exchange intervention
    FRBSF Economic Letter, 2003, (dec12) Downloads View citations (4)
  5. The impact of Japan's financial stabilization laws on bank equity values
    Journal of the Japanese and International Economies, 2003, 17, (3), 263-282 Downloads View citations (15)
    Also in Proceedings, 2002, (Sep) (2002) Downloads View citations (3)

    See also Working Paper (2001)
  6. What monetary regime for post-war Iraq?
    FRBSF Economic Letter, 2003, (may9) Downloads

2002

  1. Argentina's currency crisis: lessons for Asia
    FRBSF Economic Letter, 2002, (aug23) Downloads View citations (1)
  2. Human capital and technology diffusion
    Proceedings, 2002, (Nov) Downloads View citations (35)
    See also Chapter (2005)
    Working Paper (2002)
  3. The disposition of failed Japanese bank assets: lessons from the U.S. savings and loan crisis
    Economic Review, 2002, 1-15 Downloads
    See also Working Paper (2001)
  4. Towards a sovereign debt restructuring mechanism
    FRBSF Economic Letter, 2002, (jun28) Downloads

2001

  1. Financial crises in emerging markets
    FRBSF Economic Letter, 2001, (mar.23) Downloads View citations (124)
  2. Quantitative easing by the Bank of Japan
    FRBSF Economic Letter, 2001, (nov2) Downloads View citations (11)
  3. The return of the "Japan Premium" - trouble ahead for Japanese banks?
    FRBSF Economic Letter, 2001, (mar.9) Downloads View citations (2)

2000

  1. Bank Charter Value and the Viability of the Japanese Convoy System
    Journal of the Japanese and International Economies, 2000, 14, (3), 149-168 Downloads View citations (3)
    See also Working Paper (1999)
  2. Inflation targeting for the Bank of Japan?
    FRBSF Economic Letter, 2000, (apr7) Downloads
  3. Short-term international borrowing and financial fragility
    FRBSF Economic Letter, 2000, (sep8) Downloads
  4. The Role of Financial Development in Growth and Investment
    Journal of Economic Growth, 2000, 5, (4), 341-60 Downloads View citations (141)

1999

  1. Bank of Japan purchases of risky assets: lessons from colonial America
    FRBSF Economic Letter, 1999, (may21) Downloads
  2. Dollarization in Argentina
    FRBSF Economic Letter, 1999, (sep24) Downloads View citations (2)
  3. Moral hazard under the Japanese "convoy" banking system
    Economic Review, 1999, 3-13 Downloads View citations (6)

1998

  1. A currency board for Indonesia?
    FRBSF Economic Letter, 1998, (mar20) Downloads View citations (1)
  2. Central bank independence and inflation expectations: evidence from British index-linked gilts
    Economic Review, 1998, 3-14 Downloads View citations (7)
  3. North-South customs unions and international capital mobility
    Journal of International Economics, 1998, 46, (2), 229-251 Downloads View citations (7)
    See also Working Paper (2011)

1997

  1. British central bank independence and inflation expectations
    FRBSF Economic Letter, 1997, (nov.28) Downloads
  2. Does State Economic Development Spending Increase Manufacturing Employment?
    Journal of Urban Economics, 1997, 41, (2), 153-175 Downloads View citations (6)
    See also Working Paper (1995)
  3. Fiscal constraints in the EMU
    FRBSF Economic Letter, 1997, (aug15) Downloads View citations (2)
  4. Heterogeneity in bank valuation of LDC debt: Evidence from the 1988 Brazilian debt-reduction program
    Journal of Monetary Economics, 1997, 39, (3), 535-550 Downloads
    See also Working Paper (1993)
  5. Inequality and Stability
    Annals of Economics and Statistics, 1997, (48), 15-40 Downloads View citations (1)
    See also Working Paper (1996)
  6. The costs of managing speculative capital inflows in the Pacific Basin
    FRBSF Economic Letter, 1997, (mar28) Downloads

1996

  1. "Burden sharing" in sovereign debt reduction
    Journal of Development Economics, 1996, 50, (2), 337-351 Downloads View citations (1)
    See also Working Paper (1994)
  2. Collective action difficulties in foreign lending: banks and bonds
    FRBSF Economic Letter, 1996, (aug23) Downloads
  3. Fixed-premium deposit insurance and international credit crunches
    Economic Review, 1996, 3-15 Downloads View citations (1)
    See also Working Paper (1994)
  4. New evidence on state economic development spending and manufacturing employment
    FRBSF Economic Letter, 1996, (feb2) Downloads
  5. On the efficiency effects of tax competition for firms
    The Region, 1996, (Jun), 50-51 Downloads View citations (1)
  6. Speculative capital inflows and exchange rate targeting in the Pacific Basin: theory and evidence
    Proceedings, 1996, 409-435 View citations (5)
  7. Why is the Philippines repurchasing its Brady bonds?
    FRBSF Economic Letter, 1996, (nov1) Downloads View citations (1)

1995

  1. Is state and local competition for firms harmful?
    FRBSF Economic Letter, 1995, (aug4) Downloads View citations (1)
  2. Raising reserve requirements in response to Asian capital inflow surges
    FRBSF Economic Letter, 1995, (dec1) Downloads
  3. Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures
    Journal of Urban Economics, 1995, 37, (3), 239-259 Downloads
    See also Working Paper (1993)
  4. Rules vs. discretion in New Zealand monetary policy
    FRBSF Economic Letter, 1995, (mar3) Downloads View citations (3)
  5. Sterilization of capital inflows through the banking sector: evidence from Asia
    Economic Review, 1995, 17-34 Downloads View citations (13)
    See also Working Paper (1995)
  6. Threshold effects in international lending
    Journal of Development Economics, 1995, 46, (2), 341-356 Downloads View citations (1)
    See also Working Paper (1991)

1994

  1. Are buybacks back? Menu-driven debt reduction schemes with heterogeneous creditors
    Journal of Monetary Economics, 1994, 34, (2), 279-293 Downloads View citations (12)
    See also Working Paper (1991)
    Working Paper (1991)
  2. Gradualism and Chinese financial reforms
    FRBSF Economic Letter, 1994, (dec30) Downloads View citations (1)
  3. Sovereign risk exposure with potential liquidation: the performance of alternative forms of external finance
    Journal of International Money and Finance, 1994, 13, (4), 400-414 Downloads View citations (6)
    See also Working Paper (1992)
  4. The role of human capital in economic development evidence from aggregate cross-country data
    Journal of Monetary Economics, 1994, 34, (2), 143-173 Downloads View citations (1362)

1992

  1. Concerted Lending: Did Large Banks Bear the Burden?
    Journal of Money, Credit and Banking, 1992, 24, (4), 465-82 Downloads View citations (5)
    See also Working Paper (1989)
  2. Debt write-downs and debt--equity swaps in a two-sector model
    Journal of International Economics, 1992, 33, (3-4), 267-283 Downloads View citations (1)
    See also Working Paper (1989)

1990

  1. Capital Controls and Deviations from Proposed Interest Rate Parity: Mexico 1982
    Economic Inquiry, 1990, 28, (2), 239-48 View citations (2)

Edited books

2011

  1. Financial Crises in Emerging Markets
    Cambridge Books, Cambridge University Press

2001

  1. Financial Crises in Emerging Markets
    Cambridge Books, Cambridge University Press View citations (28)

Chapters

2012

  1. Developing Asian Local Currency Bond Markets: Why and How?
    Chapter 11 in Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia, 2012 Downloads View citations (5)
    See also Working Paper (2010)
  2. Mark M Spiegel Comments on Kazumasa Iwata and Shinji Takenaka's paper "Central bank balance sheets expansion: Japan's experience"
    A chapter in Are central bank balance sheets in Asia too large?, 2012, vol. 66, pp 164-167 Downloads

2011

  1. Comment on "Identifying the Relationship Between Trade and Exchange Rate Volatility"
    A chapter in Commodity Prices and Markets, 2011, pp 114-118 Downloads
  2. Comment on "The Consumption Terms of Trade and Commodity Prices"
    A chapter in Commodity Prices and Markets, 2011, pp 147-151 Downloads
  3. Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis
    A chapter in Global Financial Crisis, 2011 View citations (1)
    See also Working Paper (2011)
    Journal Article in Journal of International Economics (2012)

2009

  1. Monetary and Financial Integration: Evidence from the EMU
    A chapter in Financial Globalization, 20th Anniversary Conference, NBER-TCER-CEPR, 2009 View citations (41)
    See also Journal Article in Journal of the Japanese and International Economies (2009)

2005

  1. Human Capital and Technology Diffusion
    Chapter 13 in Handbook of Economic Growth, 2005, vol. 1, Part A, pp 935-966 Downloads View citations (191)
    See also Journal Article in Proceedings (2002)
    Working Paper (2002)
 
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