Details about Mark M Spiegel

Homepage:	https://www.frbsf.org/our-people/economists/mark-spiegel/
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 2025-03-14. Update your information in the RePEc Author Service.

Short-id: psp18

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Jump to Journal Articles Edited books Chapters

Working Papers

2025

1. The Bank Lending Channel Is Back
   Working Paper Series, Federal Reserve Bank of San Francisco

2024

2. Inflation Expectations, Liquidity Premia and Global Spillovers in Japanese Bond Markets
   Working Paper Series, Federal Reserve Bank of San Francisco
3. Persistent Effects of the Paycheck Protection Program and the PPPLF on Small Business Lending
   Working Paper Series, Federal Reserve Bank of San Francisco

2023

4. Targeted Reserve Requirements for Macroeconomic Stabilization
   Working Paper Series, Federal Reserve Bank of San Francisco

2022

5. Fiscal Capacity and Commercial Bank Lending Under COVID-19
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   See also Journal Article Fiscal capacity and commercial bank lending under COVID-19, Journal of the Japanese and International Economies, Elsevier (2023) View citations (3) (2023)
6. Fiscal Stimulus and Commercial Bank Lending Under COVID-19
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)

2021

7. Central Bank Credibility During COVID-19: Evidence from Japan
   Working Paper Series, Federal Reserve Bank of San Francisco
   See also Journal Article Central bank credibility during COVID-19: Evidence from Japan, Journal of International Money and Finance, Elsevier (2023) (2023)
8. Monetary Policy Spillovers Under Covid-19: Evidence from U.S. Foreign Bank Subsidiaries
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
9. Small Business Lending Under the PPP and PPPLF Programs
   Working Paper Series, Federal Reserve Bank of San Francisco View citations (9)
   See also Journal Article Small business lending under the PPP and PPPLF programs, Journal of Financial Intermediation, Elsevier (2023) View citations (5) (2023)

2020

10. Capital Controls and Income Inequality
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
11. Competitive Effects of IPOS: Evidence from Chinese Listing Suspensions
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
    Also in BIS Working Papers, Bank for International Settlements (2020) View citations (1)
    See also Journal Article Competitive Effects of IPOs: Evidence from Chinese Listing Suspensions, Journal of Money, Credit and Banking, Blackwell Publishing (2024) (2024)
12. Home currency issuance in international bond markets
    Santa Cruz Department of Economics, Working Paper Series, Department of Economics, UC Santa Cruz View citations (15)
    See also Journal Article Home currency issuance in international bond markets, Journal of International Economics, Elsevier (2020) View citations (14) (2020)
13. Optimal Capital Account Liberalization in China
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
    See also Journal Article Optimal capital account liberalization in China, Journal of Monetary Economics, Elsevier (2021) View citations (12) (2021)

2019

14. Assessing Abenomics: Evidence from Inflation-Indexed Japanese Government Bonds
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
15. Is China Fudging Its GDP Figures? Evidence from Trading Partner Data
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Is China fudging its GDP figures? Evidence from trading partner data, Journal of International Money and Finance, Elsevier (2021) View citations (12) (2021)

2018

16. Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (40)
    Working Paper Series, Federal Reserve Bank of San Francisco (2018) View citations (24)
    See also Journal Article Why have negative nominal interest rates had such a small effect on bank performance? Cross country evidence, European Economic Review, Elsevier (2020) View citations (76) (2020)

2017

17. 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
18. Sentiments and Economic Activity: Evidence from U.S. States
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2016)
    See also Journal Article Sentiments and Economic Activity: Evidence from US States, The Economic Journal, Royal Economic Society (2019) View citations (59) (2019)

2016

19. Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article Measuring the effects of dollar appreciation on Asia: A FAVAR approach, Journal of International Money and Finance, Elsevier (2017) View citations (8) (2017)
20. Reserve Requirements and Optimal Chinese Stabilization Policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (15)
    See also Journal Article Reserve requirements and optimal Chinese stabilization policy, Journal of Monetary Economics, Elsevier (2019) View citations (44) (2019)

2015

21. Bond vigilantes and inflation
    Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article Bond Vigilantes and Inflation, International Journal of Central Banking, International Journal of Central Banking (2018) View citations (3) (2018)
22. Domestic bond markets and inflation
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
23. Is China fudging its figures? Evidence from trading partner data
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (13)
    Also in BOFIT Discussion Papers, Bank of Finland Institute for Emerging Economies (BOFIT) (2015)

2014

24. Modernization and Discrete Measures of Democracy
    Working Paper Series, Federal Reserve Bank of San Francisco
25. Monetary Policy Effectiveness in China: Evidence from a FAVAR Model
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (116)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2014) View citations (88)
    See also Journal Article Monetary policy effectiveness in China: Evidence from a FAVAR model, Journal of International Money and Finance, Elsevier (2014) View citations (99) (2014)
26. The Rise in Home Currency Issuance
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (26)

2013

27. Capital controls and optimal Chinese monetary policy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)
    See also Journal Article Capital controls and optimal Chinese monetary policy, Journal of Monetary Economics, Elsevier (2015) View citations (109) (2015)
28. Is Asia Decoupling from the United States (Again)?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (9)
    See also Journal Article Is Asia Decoupling from the United States (Again)?, Pacific Economic Review, Wiley Blackwell (2013) View citations (9) (2013)
29. Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
    See also Journal Article Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy, IMF Economic Review, Palgrave Macmillan (2015) View citations (49) (2015)

2011

30. Cross-country causes and consequences of the crisis: an update
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (171)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (47)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (57)
    See also Journal Article Cross-country causes and consequences of the crisis: An update, European Economic Review, Elsevier (2011) View citations (178) (2011)
31. Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (5)
    See also Chapter Dollar Illiquidity and Central Bank Swap Arrangements during the Global Financial Crisis, NBER Chapters, National Bureau of Economic Research, Inc (2011) View citations (6) (2011)
    Journal Article Dollar illiquidity and central bank swap arrangements during the global financial crisis, Journal of International Economics, Elsevier (2012) View citations (36) (2012)
32. Reestablishing the Income-Democracy Nexus
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (49)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2011) View citations (33)

2010

33. Bond currency denomination and the yen carry trade
    Working Paper Series, Federal Reserve Bank of San Francisco
34. Developing Asian Local Currency Bond Markets: Why and How?
    Working Papers, eSocialSciences
    Also in ADBI Working Papers, Asian Development Bank Institute (2009) View citations (11)
    See also Chapter Developing Asian Local Currency Bond Markets: Why and How?, Chapters, Edward Elgar Publishing (2012) View citations (9) (2012)

2009

35. Cross-Country Causes and Consequences of the 2008 Crisis: Early Warning
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (85)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (35)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (91)
    Working Papers, Department of the Treasury, Ministry of the Economy and of Finance View citations (63)
36. Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (65)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (53)
    Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (50)
    See also Journal Article CROSS‐COUNTRY CAUSES AND CONSEQUENCES OF THE 2008 CRISIS: INTERNATIONAL LINKAGES AND AMERICAN EXPOSURE, Pacific Economic Review, Wiley Blackwell (2010) View citations (124) (2010)
37. Foreign entry into underwriting services: evidence from Japan's \"Big Bang\" deregulation
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article Foreign Entry into Underwriting Services: Evidence from Japan's “Big Bang” Deregulation, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (6) (2014)
38. The Olympic Effect
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2009) View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (3)
    See also Journal Article The Olympic Effect, Economic Journal, Royal Economic Society (2011) View citations (85) (2011)

2008

39. Financial globalization and monetary policy discipline
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
40. International Financial Remoteness and Macroeconomic Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (8)
    Working Paper Series, Federal Reserve Bank of San Francisco (2007) View citations (5)
    See also Journal Article International financial remoteness and macroeconomic volatility, Journal of Development Economics, Elsevier (2009) View citations (45) (2009)
41. Monetary and financial integration in the EMU: Push or pull?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (13)
    See also Journal Article Monetary and Financial Integration in the EMU: Push or Pull?, Review of International Economics, Wiley Blackwell (2009) View citations (48) (2009)
42. Non-Economic Engagement and International Exchange: The Case of Environmental Treaties
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2006) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (6)
    See also Journal Article Noneconomic Engagement and International Exchange: The Case of Environmental Treaties, Journal of Money, Credit and Banking, Blackwell Publishing (2009) View citations (34) (2009)
43. Who drove the boom in euro-denominated bond issues?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (16)

2007

44. Takeoffs
    Working Paper Series, Federal Reserve Bank of San Francisco
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (1)
    See also Journal Article Takeoffs, Review of Development Economics, Wiley Blackwell (2010) (2010)

2006

45. Foreign bank lending and bond underwriting in Japan during the lost decade
    Working Paper Series, Federal Reserve Bank of San Francisco
46. Moderate inflation and the deflation-depression link
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
    See also Journal Article Moderate Inflation and the Deflation-Depression Link, Journal of Money, Credit and Banking, Blackwell Publishing (2009) View citations (22) (2009)
47. Offshore Financial Centers: Parasites or Symbionts?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2005) View citations (6)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2005) View citations (3)
    See also Journal Article Offshore Financial Centres: Parasites or Symbionts?, Economic Journal, Royal Economic Society (2007) View citations (50) (2007)
48. Quantitative easing and Japanese bank equity values
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)
    See also Journal Article Quantitative easing and Japanese bank equity values, Journal of the Japanese and International Economies, Elsevier (2006) View citations (11) (2006)

2005

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

2004

50. Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks
    CESifo Working Paper Series, CESifo View citations (5)
    Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (2003) View citations (12)
51. Market price accounting and depositor discipline in Japanese regional banks
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
52. Monetary and financial integration: evidence from Portuguese borrowing patterns
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)

2003

53. Currency boards, dollarized liabilities, and monetary policy credibility
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
    See also Journal Article Currency boards, dollarized liabilities, and monetary policy credibility, Journal of International Money and Finance, Elsevier (2003) View citations (3) (2003)
54. Institutional efficiency, monitoring costs, and the investment share of FDI
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (17)
    See also Journal Article Institutional Efficiency, Monitoring Costs and the Investment Share of FDI*, Review of International Economics, Wiley Blackwell (2006) View citations (30) (2006)

2002

55. A Gravity Model of International Lending: Trade, Default and Credit
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (66)
56. A Gravity Model of Sovereign Lending: Trade, Default and Credit
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2002) View citations (46)
    See also Journal Article A Gravity Model of Sovereign Lending: Trade, Default, and Credit, IMF Staff Papers, Palgrave Macmillan (2004) View citations (118) (2004)
57. Financial structure and macroeconomic performance over the short and long run
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (11)
58. Human capital and technology diffusion
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (5)
    See also Chapter Human Capital and Technology Diffusion, Handbook of Economic Growth, Elsevier (2005) View citations (370) (2005)
    Journal Article Human capital and technology diffusion, Proceedings, Federal Reserve Bank of San Francisco (2002) View citations (47) (2002)

2001

59. Financial development and growth: are the APEC nations unique?
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
60. 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 View citations (2)
    See also Journal Article The disposition of failed Japanese bank assets: lessons from the U.S. savings and loan crisis, Economic Review, Federal Reserve Bank of San Francisco (2002) View citations (3) (2002)
61. The disposition of failed bank assets: put guarantees or loss-sharing arrangements?
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
62. The impact of Japan's financial stabilization laws on bank equity values
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco
    See also Journal Article The impact of Japan's financial stabilization laws on bank equity values, Journal of the Japanese and International Economies, Elsevier (2003) View citations (20) (2003)

2000

63. Financial Turbulence and the Japanese Main Bank Relationship
    Working Papers, Economisch Institut voor het Midden en Kleinbedrijf- View citations (6)
    See also Journal Article Financial Turbulence and the Japanese Main Bank Relationship, Journal of Financial Services Research, Springer (2003) View citations (4) (2003)
64. Financial turbulence and the Japanese main bank
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (3)
65. Solvency runs, sunspot runs, and international bailouts
    Working Paper Series, Federal Reserve Bank of San Francisco View citations (4)
    See also Journal Article Solvency runs, sunspot runs, and international bailouts, Journal of International Economics, Elsevier (2005) View citations (2) (2005)
66. 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 (4)
67. The evolution of \"too-big-to-fail\" policy in Japan: evidence from market equity values
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (14)

1999

68. 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) View citations (1)
    See also Journal Article Bank Charter Value and the Viability of the Japanese Convoy System, Journal of the Japanese and International Economies, Elsevier (2000) View citations (3) (2000)
69. 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)
    See also Journal Article Sterilization costs and exchange rate targeting, Journal of International Money and Finance, Elsevier (2004) View citations (16) (2004)
70. The role of relative performance in bank closure decisions
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (7)
    See also Journal Article The role of relative performance in bank closure decisions, Economic Review, Federal Reserve Bank of San Francisco (2008) View citations (8) (2008)

1998

71. Monetary Union Expansion: The Role of Market Power in Trade
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco

1997

72. Are Asian economies exempt from the \"impossible trinity?\": evidence from Singapore
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (10)
73. Cross-Country Growth Regressions
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (31)
74. Growth and investment across countries
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (5)
75. North-South Customs Unions and International Capital Mobility
    Research Department Publications, Inter-American Development Bank, Research Department
    Also in IDB Publications (Working Papers), Inter-American Development Bank (1997)
    Policy Research Working Paper Series, The World Bank (1996) View citations (2)
    See also Journal Article North-South customs unions and international capital mobility, Journal of International Economics, Elsevier (1998) View citations (8) (1998)
76. Panel evidence on the speed of convergence
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
77. Uniones aduaneras norte-sur y movilidad internacional del capital
    Research Department Publications, Inter-American Development Bank, Research Department

1996

78. Inequality and stability
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)
    See also Journal Article Inequality and Stability, Annals of Economics and Statistics, GENES (1997) View citations (1) (1997)
79. Speculative capital inflows and exchange rate targeting in the Pacific Basin
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (13)

1995

80. A theory of North-South customs unions
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
81. Does state economic development spending increase manufacturing employment?
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (2)
    See also Journal Article Does State Economic Development Spending Increase Manufacturing Employment?, Journal of Urban Economics, Elsevier (1997) View citations (8) (1997)
82. Financial implications of regional trade accords
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
83. Sterilization of capital inflows through the banking sector: evidence from Asia
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (25)
    See also Journal Article Sterilization of capital inflows through the banking sector: evidence from Asia, Economic Review, Federal Reserve Bank of San Francisco (1995) View citations (13) (1995)

1994

84. 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 (6)
85. Fixed-premium deposit insurance and international credit crunches
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco
    See also Journal Article Fixed-premium deposit insurance and international credit crunches, Economic Review, Federal Reserve Bank of San Francisco (1996) View citations (1) (1996)
86. \"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 "Burden sharing" in sovereign debt reduction, Journal of Development Economics, Elsevier (1996) View citations (1) (1996)

1993

87. Fixed-Premium Deposit Insurance and Collective Action Problems Among Banks
    Working Papers, C.V. Starr Center for Applied Economics, New York University
88. 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 Heterogeneity in bank valuation of LDC debt: Evidence from the 1988 Brazilian debt-reduction program, Journal of Monetary Economics, Elsevier (1997) (1997)
89. 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 Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures, Journal of Urban Economics, Elsevier (1995) View citations (1) (1995)

1992

90. 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 (2)
    See also Journal Article Sovereign risk exposure with potential liquidation: the performance of alternative forms of external finance, Journal of International Money and Finance, Elsevier (1994) View citations (7) (1994)
91. 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 (24)
92. 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 (10)

1991

93. 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 Are buybacks back? Menu-driven debt reduction schemes with heterogeneous creditors, Journal of Monetary Economics, Elsevier (1994) View citations (15) (1994)
94. Are buybacks back? Menu-driven debt-reduction schemes with heterogenous creditors
    Policy Research Working Paper Series, The World Bank View citations (1)
    See also Journal Article Are buybacks back? Menu-driven debt reduction schemes with heterogeneous creditors, Journal of Monetary Economics, Elsevier (1994) View citations (15) (1994)
95. Growth Accounting with Physical and Human Capital Accumulation
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (6)
96. 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)
    See also Journal Article Threshold effects in international lending, Journal of Development Economics, Elsevier (1995) View citations (1) (1995)

1989

97. CONCERTED LENDING: DID LARGE BANKS BEAR THE BURDEN?
    Working Papers, C.V. Starr Center for Applied Economics, New York University
    See also Journal Article Concerted Lending: Did Large Banks Bear the Burden?, Journal of Money, Credit and Banking, Blackwell Publishing (1992) View citations (6) (1992)
98. 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)
    See also Journal Article Debt write-downs and debt--equity swaps in a two-sector model, Journal of International Economics, Elsevier (1992) View citations (3) (1992)
99. RISK AVERSION, DEPOSIT INSURANCE, AND COLLECTIVE ACTION PROBLEMS AMONG BANKS
    Working Papers, C.V. Starr Center for Applied Economics, New York University

Journal Articles

2024

1. Competitive Effects of IPOs: Evidence from Chinese Listing Suspensions
   Journal of Money, Credit and Banking, 2024, 56, (8), 2137-2169
   See also Working Paper Competitive Effects of IPOS: Evidence from Chinese Listing Suspensions, Working Paper Series (2020) View citations (1) (2020)
2. What’s Up with Inflation Expectations in Japan?
   FRBSF Economic Letter, 2024, 2024, (13), 6

2023

3. Capital flows and income inequality
   Journal of International Economics, 2023, 144, (C) View citations (5)
4. Central bank credibility during COVID-19: Evidence from Japan
   Journal of International Money and Finance, 2023, 131, (C)
   See also Working Paper Central Bank Credibility During COVID-19: Evidence from Japan, Working Paper Series (2021) (2021)
5. Fiscal capacity and commercial bank lending under COVID-19
   Journal of the Japanese and International Economies, 2023, 68, (C) View citations (3)
   See also Working Paper Fiscal Capacity and Commercial Bank Lending Under COVID-19, NBER Working Papers (2022) View citations (3) (2022)
6. Global Market Discipline during Recent Policy Tightening
   FRBSF Economic Letter, 2023, 2023, (28)
7. Small Business Lending and the Paycheck Protection Program
   FRBSF Economic Letter, 2023, 2023, (10), 6
8. Small business lending under the PPP and PPPLF programs
   Journal of Financial Intermediation, 2023, 53, (C) View citations (5)
   See also Working Paper Small Business Lending Under the PPP and PPPLF Programs, Working Paper Series (2021) View citations (9) (2021)

2022

9. 2021 Asia economic policy conference: Macroeconomic policy and global economic recovery conference summary
   Journal of International Money and Finance, 2022, 127, (C)
10. COVID-19 Fiscal Expansion and Inflation Expectations in Japan
    FRBSF Economic Letter, 2022, 2022, (20), 5
11. Monetary policy spillovers under COVID-19: Evidence from lending by U.S. foreign bank subsidiaries
    Journal of International Money and Finance, 2022, 122, (C) View citations (7)
12. Monetary reforms and inflation expectations in Japan: Evidence from inflation-indexed bonds
    Journal of Econometrics, 2022, 231, (2), 410-431 View citations (2)

2021

13. Capital Flow Surges and Rising Income Inequality
    FRBSF Economic Letter, 2021, 2021, (09), 01-05
14. Is China fudging its GDP figures? Evidence from trading partner data
    Journal of International Money and Finance, 2021, 110, (C) View citations (12)
    See also Working Paper Is China Fudging Its GDP Figures? Evidence from Trading Partner Data, Working Paper Series (2019) View citations (2) (2019)
15. Optimal capital account liberalization in China
    Journal of Monetary Economics, 2021, 117, (C), 1041-1061 View citations (12)
    See also Working Paper Optimal Capital Account Liberalization in China, Working Paper Series (2020) View citations (11) (2020)
16. Reprint: Is China fudging its GDP figures? Evidence from trading partner data
    Journal of International Money and Finance, 2021, 114, (C) View citations (13)

2020

17. Commercial Banks under Persistent Negative Rates
    FRBSF Economic Letter, 2020, 2020, (29), 01-05 View citations (1)
18. Home currency issuance in international bond markets
    Journal of International Economics, 2020, 122, (C) View citations (14)
    See also Working Paper Home currency issuance in international bond markets, Santa Cruz Department of Economics, Working Paper Series (2020) View citations (15) (2020)
19. Small Business Lending during COVID-19
    FRBSF Economic Letter, 2020, 2020, (35), 01-05 View citations (4)
20. Why have negative nominal interest rates had such a small effect on bank performance? Cross country evidence
    European Economic Review, 2020, 124, (C) View citations (76)
    See also Working Paper Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence, NBER Working Papers (2018) View citations (40) (2018)

2019

21. How Severe Is China’s Slowdown? Evidence from China CAT
    FRBSF Economic Letter, 2019
22. Negative Interest Rates and Inflation Expectations in Japan
    FRBSF Economic Letter, 2019 View citations (3)
23. Reserve requirements and optimal Chinese stabilization policy
    Journal of Monetary Economics, 2019, 103, (C), 33-51 View citations (44)
    See also Working Paper Reserve Requirements and Optimal Chinese Stabilization Policy, Working Paper Series (2016) View citations (15) (2016)
24. Sentiments and Economic Activity: Evidence from US States
    The Economic Journal, 2019, 129, (618), 715-733 View citations (59)
    See also Working Paper Sentiments and Economic Activity: Evidence from U.S. States, NBER Working Papers (2017) View citations (7) (2017)

2018

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

2017

28. Measuring the effects of dollar appreciation on Asia: A FAVAR approach
    Journal of International Money and Finance, 2017, 74, (C), 353-370 View citations (8)
    See also Working Paper Measuring the Effects of Dollar Appreciation on Asia: A Favar Approach, Working Paper Series (2016) (2016)
29. Reserve Requirements as a Chinese Macro Policy Tool
    FRBSF Economic Letter, 2017 View citations (1)

2016

30. China's IPO activity and equity market volatility
    FRBSF Economic Letter, 2016 View citations (4)
31. Do local bond markets help fight inflation?
    FRBSF Economic Letter, 2016

2015

32. Capital controls and optimal Chinese monetary policy
    Journal of Monetary Economics, 2015, 74, (C), 1-15 View citations (109)
    See also Working Paper Capital controls and optimal Chinese monetary policy, Working Paper Series (2013) View citations (6) (2013)
33. 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
34. Global fallout from China's industrial slowdown
    FRBSF Economic Letter, 2015
35. Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy
    IMF Economic Review, 2015, 63, (2), 298-324 View citations (49)
    See also Working Paper Optimal Monetary Policy and Capital Account Restrictions in a Small Open Economy, Working Paper Series (2013) View citations (11) (2013)

2014

36. Foreign Entry into Underwriting Services: Evidence from Japan's “Big Bang” Deregulation
    Journal of Money, Credit and Banking, 2014, 46, (2-3), 445-468 View citations (6)
    See also Working Paper Foreign entry into underwriting services: evidence from Japan's \"Big Bang\" deregulation, Working Paper Series (2009) View citations (1) (2009)
37. Global aging: more headwinds for U.S. stocks?
    FRBSF Economic Letter, 2014
38. Has China’s economy become more “standard”?
    FRBSF Economic Letter, 2014 View citations (1)
39. Home currency issuance in global debt markets
    FRBSF Economic Letter, 2014 View citations (1)
40. Monetary policy effectiveness in China: Evidence from a FAVAR model
    Journal of International Money and Finance, 2014, 49, (PA), 83-103 View citations (99)
    See also Working Paper Monetary Policy Effectiveness in China: Evidence from a FAVAR Model, NBER Working Papers (2014) View citations (116) (2014)
41. Prospects for Asia and the Global Economy: conference summary
    FRBSF Economic Letter, 2014

2013

42. Income and democracy: Evidence from nonlinear estimations
    Economics Letters, 2013, 118, (3), 489-492 View citations (29)
43. Introduction: Asian Business Cycle Synchronization with the Global Economy
    Pacific Economic Review, 2013, 18, (3), 318-320
44. Is Asia Decoupling from the United States (Again)?
    Pacific Economic Review, 2013, 18, (3), 345-369 View citations (9)
    See also Working Paper Is Asia Decoupling from the United States (Again)?, Working Paper Series (2013) View citations (9) (2013)
45. On the reliability of Chinese output figures
    FRBSF Economic Letter, 2013, (mar25) View citations (10)

2012

46. Asia’s role in the post-crisis global economy
    FRBSF Economic Letter, 2012, (aug13) View citations (2)
47. CENTRAL BANK SWAPS AND INTERNATIONAL DOLLAR ILLIQUIDITY
    Global Journal of Economics (GJE), 2012, 01, (01), 1-20 View citations (2)
48. Currency composition of international bonds: The EMU effect
    Journal of International Economics, 2012, 88, (1), 134-149 View citations (26)
49. Dollar illiquidity and central bank swap arrangements during the global financial crisis
    Journal of International Economics, 2012, 88, (2), 326-340 View citations (36)
    See also Working Paper Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis, CEPR Discussion Papers (2011) View citations (3) (2011)
    Chapter Dollar Illiquidity and Central Bank Swap Arrangements during the Global Financial Crisis, NBER Chapters, 2011 (2011) View citations (6) (2011)
50. External shocks and China’s monetary policy
    FRBSF Economic Letter, 2012, (dec3)
51. Is China due for a slowdown?
    FRBSF Economic Letter, 2012, (oct15)

2011

52. Boomer retirement: headwinds for U.S. equity markets?
    FRBSF Economic Letter, 2011, (aug22) View citations (12)
53. Cross-country causes and consequences of the crisis: An update
    European Economic Review, 2011, 55, (3), 309-324 View citations (178)
    See also Working Paper Cross-country causes and consequences of the crisis: an update, Working Paper Series (2011) View citations (171) (2011)
54. The Olympic Effect
    Economic Journal, 2011, 121, (553), 652-677 View citations (85)
    See also Working Paper The Olympic Effect, CEPR Discussion Papers (2009) View citations (8) (2009)

2010

55. Asia and the global financial crisis: conference summary
    FRBSF Economic Letter, 2010, (mar15) View citations (8)
56. Asset Price Persistence and Real Estate Market Illiquidity: Evidence from Japanese Land Values
    Real Estate Economics, 2010, 38, (2), 171-196 View citations (5)
57. CROSS‐COUNTRY CAUSES AND CONSEQUENCES OF THE 2008 CRISIS: INTERNATIONAL LINKAGES AND AMERICAN EXPOSURE
    Pacific Economic Review, 2010, 15, (3), 340-363 View citations (124)
    See also Working Paper Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure, NBER Working Papers (2009) View citations (65) (2009)
58. 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
59. Takeoffs
    Review of Development Economics, 2010, 14, (2), 177-196
    See also Working Paper Takeoffs, Working Paper Series (2007) (2007)

2009

60. Financial Globalization and Monetary Policy Discipline: A Survey With New Evidence from Financial Remoteness
    IMF Staff Papers, 2009, 56, (1), 198-221 View citations (14)
61. International financial remoteness and macroeconomic volatility
    Journal of Development Economics, 2009, 89, (2), 250-257 View citations (45)
    See also Working Paper International Financial Remoteness and Macroeconomic Volatility, NBER Working Papers (2008) View citations (8) (2008)
62. Moderate Inflation and the Deflation-Depression Link
    Journal of Money, Credit and Banking, 2009, 41, (4), 787-798 View citations (22)
    Also in Journal of Money, Credit and Banking, 2009, 41, (4), 787-798 (2009) View citations (14)
    See also Working Paper Moderate inflation and the deflation-depression link, Working Paper Series (2006) View citations (3) (2006)
63. Monetary and Financial Integration in the EMU: Push or Pull?
    Review of International Economics, 2009, 17, (4), 751-776 View citations (48)
    See also Working Paper Monetary and financial integration in the EMU: Push or pull?, Working Paper Series (2008) View citations (13) (2008)
64. Monetary and financial integration: Evidence from the EMU
    Journal of the Japanese and International Economies, 2009, 23, (2), 114-130 View citations (52)
    Also in FRBSF Economic Letter, 2004, (aug6) (2004) View citations (8)
    See also Chapter Monetary and Financial Integration: Evidence from the EMU, NBER Chapters, 2009 (2009) View citations (51) (2009)
65. Noneconomic Engagement and International Exchange: The Case of Environmental Treaties
    Journal of Money, Credit and Banking, 2009, 41, (2-3), 337-363 View citations (34)
    Also in Journal of Money, Credit and Banking, 2009, 41, (2‐3), 337-363 (2009) View citations (4)
    See also Working Paper Non-Economic Engagement and International Exchange: The Case of Environmental Treaties, NBER Working Papers (2008) View citations (3) (2008)
66. Predicting crises, part II: Did anything matter (to everybody)?
    FRBSF Economic Letter, 2009, (sep28) View citations (3)

2008

67. The EMU effect on the currency denomination of international bonds
    FRBSF Economic Letter, 2008, (sep26)
68. The role of relative performance in bank closure decisions
    Economic Review, 2008, 17-29 View citations (8)
    See also Working Paper The role of relative performance in bank closure decisions, Working Papers in Applied Economic Theory (1999) View citations (7) (1999)

2007

69. Financial globalization and monetary policy
    FRBSF Economic Letter, 2007, (nov23) View citations (2)
70. Market price accounting and depositor discipline: The case of Japanese regional banks
    Journal of Banking & Finance, 2007, 31, (3), 769-786 View citations (9)
71. Offshore Financial Centres: Parasites or Symbionts?
    Economic Journal, 2007, 117, (523), 1310-1335 View citations (50)
    See also Working Paper Offshore Financial Centers: Parasites or Symbionts?, NBER Working Papers (2006) View citations (13) (2006)

2006

72. Did quantitative easing by the Bank of Japan "work"?
    FRBSF Economic Letter, 2006, (oct20) View citations (7)
73. External imbalances and adjustment in the Pacific Basin: conference summary
    FRBSF Economic Letter, 2006, (mar10)
74. Institutional Efficiency, Monitoring Costs and the Investment Share of FDI*
    Review of International Economics, 2006, 14, (4), 683-697 View citations (30)
    See also Working Paper Institutional efficiency, monitoring costs, and the investment share of FDI, Working Paper Series (2003) View citations (4) (2003)
75. Quantitative easing and Japanese bank equity values
    Journal of the Japanese and International Economies, 2006, 20, (4), 699-721 View citations (11)
    See also Working Paper Quantitative easing and Japanese bank equity values, Working Paper Series (2006) View citations (14) (2006)

2005

76. A look at China's new exchange rate regime
    FRBSF Economic Letter, 2005, (sep9) View citations (1)
77. Solvency runs, sunspot runs, and international bailouts
    Journal of International Economics, 2005, 65, (1), 203-219 View citations (2)
    See also Working Paper Solvency runs, sunspot runs, and international bailouts, Working Paper Series (2000) View citations (4) (2000)
78. The Bretton Woods System: are we experiencing a revival? (symposium summary)
    FRBSF Economic Letter, 2005, (nov25) View citations (2)

2004

79. A Gravity Model of Sovereign Lending: Trade, Default, and Credit
    IMF Staff Papers, 2004, 51, (s1), 50-63 View citations (118)
    See also Working Paper A Gravity Model of Sovereign Lending: Trade, Default and Credit, NBER Working Papers (2002) View citations (80) (2002)
80. Easing out of the Bank of Japan's monetary easing policy
    FRBSF Economic Letter, 2004, (nov19)
81. Sterilization costs and exchange rate targeting
    Journal of International Money and Finance, 2004, 23, (6), 897-915 View citations (16)
    See also Working Paper Sterilization Costs and Exchange Rate Targeting, Working Papers (1999) (1999)
82. The Evolution Of Bank Resolution Policies In Japan: Evidence From Market Equity Values
    Journal of Financial Research, 2004, 27, (1), 115-132 View citations (19)

2003

83. Currency boards, dollarized liabilities, and monetary policy credibility
    Journal of International Money and Finance, 2003, 22, (7), 1065-1087 View citations (3)
    See also Working Paper Currency boards, dollarized liabilities, and monetary policy credibility, Working Paper Series (2003) View citations (3) (2003)
84. Editors' introduction
    Journal of the Japanese and International Economies, 2003, 17, (3), 229-232
85. Financial Turbulence and the Japanese Main Bank Relationship
    Journal of Financial Services Research, 2003, 23, (3), 205-223 View citations (4)
    See also Working Paper Financial Turbulence and the Japanese Main Bank Relationship, Working Papers (2000) View citations (6) (2000)
86. Japanese foreign exchange intervention
    FRBSF Economic Letter, 2003, (dec12) View citations (5)
87. The impact of Japan's financial stabilization laws on bank equity values
    Journal of the Japanese and International Economies, 2003, 17, (3), 263-282 View citations (20)
    Also in Proceedings, 2002, (Sep) (2002) View citations (4)
    See also Working Paper The impact of Japan's financial stabilization laws on bank equity values, Pacific Basin Working Paper Series (2001) (2001)
88. What monetary regime for post-war Iraq?
    FRBSF Economic Letter, 2003, (may9)

2002

89. Argentina's currency crisis: lessons for Asia
    FRBSF Economic Letter, 2002, (aug23) View citations (1)
90. Human capital and technology diffusion
    Proceedings, 2002, (Nov) View citations (47)
    See also Working Paper Human capital and technology diffusion, Working Paper Series (2002) View citations (5) (2002)
    Chapter Human Capital and Technology Diffusion, Handbook of Economic Growth, 2005, 1, Part A, 935-966 (2005) View citations (370) (2005)
91. The disposition of failed Japanese bank assets: lessons from the U.S. savings and loan crisis
    Economic Review, 2002, 1-15 View citations (3)
    See also Working Paper The disposition of failed Japanese bank assets: lessons from the U.S. savings and loan crisis, Pacific Basin Working Paper Series (2001) View citations (2) (2001)
92. Towards a sovereign debt restructuring mechanism
    FRBSF Economic Letter, 2002, (jun28)

2001

93. Financial crises in emerging markets
    FRBSF Economic Letter, 2001, (mar.23) View citations (138)
94. Quantitative easing by the Bank of Japan
    FRBSF Economic Letter, 2001, (nov2) View citations (11)
95. The return of the \\"Japan Premium\\" - trouble ahead for Japanese banks?
    FRBSF Economic Letter, 2001, (mar.9) View citations (4)

2000

96. Bank Charter Value and the Viability of the Japanese Convoy System
    Journal of the Japanese and International Economies, 2000, 14, (3), 149-168 View citations (3)
    See also Working Paper Bank Chapter Value and the Viability of the Japanese Convoy System, Working Papers (1999) (1999)
97. Inflation targeting for the Bank of Japan?
    FRBSF Economic Letter, 2000, (apr7)
98. Short-term international borrowing and financial fragility
    FRBSF Economic Letter, 2000, (sep8)
99. The Role of Financial Development in Growth and Investment
    Journal of Economic Growth, 2000, 5, (4), 341-60 View citations (212)

1999

100. Bank of Japan purchases of risky assets: lessons from colonial America
     FRBSF Economic Letter, 1999, (may21)
101. Dollarization in Argentina
     FRBSF Economic Letter, 1999, (sep24) View citations (2)
102. Moral hazard under the Japanese \"convoy\" banking system
     Economic Review, 1999, 3-13 View citations (7)

1998

103. A currency board for Indonesia?
     FRBSF Economic Letter, 1998, (mar20) View citations (1)
104. Central bank independence and inflation expectations: evidence from British index-linked gilts
     Economic Review, 1998, 3-14 View citations (9)
105. North-South customs unions and international capital mobility
     Journal of International Economics, 1998, 46, (2), 229-251 View citations (8)
     See also Working Paper North-South Customs Unions and International Capital Mobility, Research Department Publications (1997) (1997)

1997

106. British central bank independence and inflation expectations
     FRBSF Economic Letter, 1997, (nov.28)
107. Does State Economic Development Spending Increase Manufacturing Employment?
     Journal of Urban Economics, 1997, 41, (2), 153-175 View citations (8)
     See also Working Paper Does state economic development spending increase manufacturing employment?, Working Papers in Applied Economic Theory (1995) View citations (2) (1995)
108. Fiscal constraints in the EMU
     FRBSF Economic Letter, 1997, (aug15) View citations (2)
109. Heterogeneity in bank valuation of LDC debt: Evidence from the 1988 Brazilian debt-reduction program
     Journal of Monetary Economics, 1997, 39, (3), 535-550
     See also Working Paper Heterogeneity in Bank Valuation of LCD Debt: Evidence from the 1988 Brazilian Debt-Reduction Program, Working Papers (1993) View citations (1) (1993)
110. Inequality and Stability
     Annals of Economics and Statistics, 1997, (48), 15-40 View citations (1)
     See also Working Paper Inequality and stability, Working Papers in Applied Economic Theory (1996) View citations (1) (1996)
111. The costs of managing speculative capital inflows in the Pacific Basin
     FRBSF Economic Letter, 1997, (mar28)

1996

112. "Burden sharing" in sovereign debt reduction
     Journal of Development Economics, 1996, 50, (2), 337-351 View citations (1)
     See also Working Paper \"Burden sharing\" in sovereign debt reduction, Working Papers in Applied Economic Theory (1994) (1994)
113. Collective action difficulties in foreign lending: banks and bonds
     FRBSF Economic Letter, 1996, (aug23)
114. Fixed-premium deposit insurance and international credit crunches
     Economic Review, 1996, 3-15 View citations (1)
     See also Working Paper Fixed-premium deposit insurance and international credit crunches, Working Papers in Applied Economic Theory (1994) (1994)
115. New evidence on state economic development spending and manufacturing employment
     FRBSF Economic Letter, 1996, (feb2)
116. On the efficiency effects of tax competition for firms
     The Region, 1996, 10, (Jun), 50-51 View citations (1)
117. Speculative capital inflows and exchange rate targeting in the Pacific Basin: theory and evidence
     Proceedings, 1996, 409-435 View citations (6)
118. Why is the Philippines repurchasing its Brady bonds?
     FRBSF Economic Letter, 1996, (nov1) View citations (1)

1995

119. Is state and local competition for firms harmful?
     FRBSF Economic Letter, 1995, (aug4) View citations (1)
120. Raising reserve requirements in response to Asian capital inflow surges
     FRBSF Economic Letter, 1995, (dec1)
121. Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures
     Journal of Urban Economics, 1995, 37, (3), 239-259 View citations (1)
     See also Working Paper Regional Competition for Domestic and Foreign Investment: Evidence from State Development Expenditures, Working Papers (1993) View citations (1) (1993)
122. Rules vs. discretion in New Zealand monetary policy
     FRBSF Economic Letter, 1995, (mar3) View citations (3)
123. Sterilization of capital inflows through the banking sector: evidence from Asia
     Economic Review, 1995, 17-34 View citations (13)
     See also Working Paper Sterilization of capital inflows through the banking sector: evidence from Asia, Pacific Basin Working Paper Series (1995) View citations (25) (1995)
124. Threshold effects in international lending
     Journal of Development Economics, 1995, 46, (2), 341-356 View citations (1)
     See also Working Paper Threshold Effects in International Lending, Working Papers (1991) (1991)

1994

125. Are buybacks back? Menu-driven debt reduction schemes with heterogeneous creditors
     Journal of Monetary Economics, 1994, 34, (2), 279-293 View citations (15)
     See also Working Paper Are buybacks back? Menu-driven debt-reduction schemes with heterogenous creditors, Policy Research Working Paper Series (1991) View citations (1) (1991)
     Working Paper Are Buybacks Back? Menu-Driven Debt-Reduction in Schemes with Heterogeneous Creditors, Working Papers (1991) View citations (2) (1991)
126. Gradualism and Chinese financial reforms
     FRBSF Economic Letter, 1994, (dec30) View citations (1)
127. 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 View citations (7)
     See also Working Paper Sovereign Risk Exposure with Potential Liquidation: the Performance of Alternative Forms of External Finance, Working Papers (1992) View citations (2) (1992)
128. The role of human capital in economic development evidence from aggregate cross-country data
     Journal of Monetary Economics, 1994, 34, (2), 143-173 View citations (1918)

1992

129. Concerted Lending: Did Large Banks Bear the Burden?
     Journal of Money, Credit and Banking, 1992, 24, (4), 465-82 View citations (6)
     See also Working Paper CONCERTED LENDING: DID LARGE BANKS BEAR THE BURDEN?, Working Papers (1989) (1989)
130. Debt write-downs and debt--equity swaps in a two-sector model
     Journal of International Economics, 1992, 33, (3-4), 267-283 View citations (3)
     See also Working Paper DEBT WRITE-DOWNS AND DEBT-EQUITY SWAPS IN A TWO SECTOR MODEL, Working Papers (1989) (1989)

1990

131. Capital Controls and Deviations from Proposed Interest Rate Parity: Mexico 1982
     Economic Inquiry, 1990, 28, (2), 239-48 View citations (4)

Edited books

2011

1. Financial Crises in Emerging Markets
   Cambridge Books, Cambridge University Press View citations (3)

2001

2. Financial Crises in Emerging Markets
   Cambridge Books, Cambridge University Press View citations (197)

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 View citations (9)
   See also Working Paper Developing Asian Local Currency Bond Markets: Why and How?, eSocialSciences (2010) (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

2011

3. Comment on "Identifying the Relationship Between Trade and Exchange Rate Volatility"
   A chapter in Commodity Prices and Markets, 2011, pp 114-118
4. Comment on "The Consumption Terms of Trade and Commodity Prices"
   A chapter in Commodity Prices and Markets, 2011, pp 147-151
5. Dollar Illiquidity and Central Bank Swap Arrangements during the Global Financial Crisis
   A chapter in Global Financial Crisis, 2011 View citations (6)
   See also Working Paper Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis, C.E.P.R. Discussion Papers (2011) View citations (3) (2011)
   Journal Article Dollar illiquidity and central bank swap arrangements during the global financial crisis, Elsevier (2012) View citations (36) (2012)

2009

6. Monetary and Financial Integration: Evidence from the EMU
   A chapter in Financial Globalization, 20th Anniversary Conference, NBER-TCER-CEPR, 2009 View citations (51)
   See also Journal Article Monetary and financial integration: Evidence from the EMU, Elsevier (2009) View citations (52) (2009)

2005

7. Human Capital and Technology Diffusion
   Chapter 13 in Handbook of Economic Growth, 2005, vol. 1, Part A, pp 935-966 View citations (370)
   See also Journal Article Human capital and technology diffusion, Federal Reserve Bank of San Francisco (2002) View citations (47) (2002)
   Working Paper Human capital and technology diffusion, Federal Reserve Bank of San Francisco (2002) View citations (5) (2002)