Details about Shang-Jin Wei

E-mail:
Homepage:	http://www.nber.org/~wei
Postal address:	Columbia Business School, 619 Uris Hall, 3022 Broadway, New York, NY 10027
Workplace:	Fanhai International School of Finance, Fudan University, (more information at EDIRC) Graduate School of Business, Columbia University, (more information at EDIRC) National Bureau of Economic Research (NBER), (more information at EDIRC)

Access statistics for papers by Shang-Jin Wei.

Last updated 2022-10-26. Update your information in the RePEc Author Service.

Short-id: pwe20

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Working Papers

2023

Measuring Domestic Factor Content in Bilateral and Sectoral-Level Trade Flows
NBER Working Papers, National Bureau of Economic Research, Inc
Mild Government Failure
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
Secrets in Asset Purchases: Estimating the Unofficial Incomes of Officials
NBER Working Papers, National Bureau of Economic Research, Inc

2022

Currency Carry Trade by Trucks: The Curious Case of China's Massive Imports from Itself
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
Is the American Soft Power a Casualty of the Trade War?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
On the Wedge Between the PPI and CPI Inflation Indicators
Staff Working Papers, Bank of Canada

2021

Deadly Discrimination: Implications of "Missing Girls" for Workplace Safety
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
See also Journal Article Deadly discrimination: Implications of “missing girls” for workplace safety, Journal of Development Economics, Elsevier (2021) View citations (2) (2021)
FinTech as a Financial Liberator
NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
Is Stock Index Membership for Sale?
NBER Working Papers, National Bureau of Economic Research, Inc
The Welfare Cost of a Current Account Imbalance: A 'Clean' Channel
CEPR Discussion Papers, C.E.P.R. Discussion Papers
Tracing Value Added in the Presence of Foreign Direct Investment
NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
Trade Reforms and Current Account Imbalances
CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2012) View citations (17)
See also Journal Article Trade reforms and current account imbalances, Journal of International Economics, Elsevier (2021) View citations (2) (2021)

2020

A Liberalization Spillover: From Equities to Loans
NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
International Equity and Debt Flows: Composition, Crisis, and Controls
NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
Labor Market Institutions and the Effects of Financial Openness
Research Working Paper, Federal Reserve Bank of Kansas City
Monetary Policy in an Era of Global Supply Chains
NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
See also Journal Article Monetary policy in an era of global supply chains, Journal of International Economics, Elsevier (2020) View citations (18) (2020)
Chapter Monetary Policy in an Era of Global Supply Chains, NBER Chapters, National Bureau of Economic Research, Inc (2019) View citations (6) (2019)
Natural Barriers and Policy Barriers
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
The COVID-19 pandemic: a letter to G20 leaders
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (8)
The Welfare Cost of a Current Account Imbalance: A "Clean" Effect
NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

1998

Currency Hedging and Goods Trade
NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
See also Journal Article Currency hedging and goods trade, European Economic Review, Elsevier (1999) View citations (49) (1999)
Open Regionalism in a World of Continental Trade Blocs
IMF Working Papers, International Monetary Fund View citations (66)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1995) View citations (18)
See also Journal Article Open Regionalism in a World of Continental Trade Blocs, IMF Staff Papers, Palgrave Macmillan (1998) View citations (66) (1998)

1997

"The Bigger They Are, The Harder They Fall": How Price Differences Across U.S. Cities Are Arbitraged
NBER Working Papers, National Bureau of Economic Research, Inc View citations (77)
How Taxing is Corruption on International Investors?
William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan View citations (111)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (105)
See also Journal Article How Taxing is Corruption on International Investors?, The Review of Economics and Statistics, MIT Press (2000) View citations (1066) (2000)
Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills
NBER Working Papers, National Bureau of Economic Research, Inc View citations (209)

1996

ASEAN in a Regional Perspective
Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics View citations (25)
Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (1996) View citations (25)
Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1996) View citations (25)
Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1996) View citations (27)
Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations
NBER Working Papers, National Bureau of Economic Research, Inc View citations (365)
See also Journal Article Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations, The Quarterly Journal of Economics, President and Fellows of Harvard College (1996) View citations (370) (1996)
Intra-National versus International Trade: How Stubborn are Nations in Global Integration?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (455)
Regional Trading Arrangement: Natural or Super-Natural?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1996) View citations (27)
Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1996) View citations (59)
See also Journal Article Regional Trading Arrangements: Natural or Supernatural, American Economic Review, American Economic Association (1996) View citations (88) (1996)
Regional Trading Arrangements
Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley View citations (82)

1995

European Integration and the Regionalization of World Trade and Currencies: The Economics and the Politics
Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics View citations (24)
Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1995) View citations (31)
Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits
NBER Working Papers, National Bureau of Economic Research, Inc View citations (161)
The new regionalism and Asia: impact and options
Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)

1994

APEC and other regional economic arrangements in the Pacific
Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (1)
Anticipations of Foreign Exchange Volatility and Bid-Ask Spreads
NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (1991) View citations (2)
Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade
NBER Working Papers, National Bureau of Economic Research, Inc
See also Journal Article Insignificant and Inconsequential Hysteresis: The Case of U.S. Bilateral Trade, The Review of Economics and Statistics, MIT Press (1993) View citations (39) (1993)
Switching from import substitution to export promotion: a simple political economy model
Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco
Trading Blocs: The Natural, the Unnatural, and the Super-Natural
Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (24)
Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1994) View citations (25)

1993

Continental Trading Blocs: Are They Natural, or Super-Natural?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (53)
See also Chapter Continental Trading Blocs: Are They Natural or Supernatural?, NBER Chapters, National Bureau of Economic Research, Inc (1998) View citations (88) (1998)
Emerging Currency Blocs
NBER Working Papers, National Bureau of Economic Research, Inc View citations (134)
Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1993) View citations (40)
Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1993) View citations (26)
Is There a Currency Bloc in the Pacific?
Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics View citations (29)
Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1993) View citations (22)
Love and hate: state and non-state firms in transition economies
Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (6)
Open Door Policy and China's Rapid Growth: Evidence from City-level Data
NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1993) View citations (28)
See also Chapter The Open Door Policy and China's Rapid Growth: Evidence from City-Level Data, NBER Chapters, National Bureau of Economic Research, Inc (1995) View citations (20) (1995)

1992

Yen Bloc or Dollar Bloc: Exchange Rate Policies of the East Asian Economies
Working Papers, University of Birmingham - International Financial Group View citations (62)
Also in Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco (1992) View citations (18)
See also Chapter Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies, NBER Chapters, National Bureau of Economic Research, Inc (1994) View citations (241) (1994)

1991

Are Option-Implied Forecasts of Exchange Rate Volatility Excessively Variable?
NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

Journal Articles

2021

Deadly discrimination: Implications of “missing girls” for workplace safety
Journal of Development Economics, 2021, 152, (C) View citations (2)
See also Working Paper Deadly Discrimination: Implications of "Missing Girls" for Workplace Safety, NBER Working Papers (2021) View citations (2) (2021)
Endogenous corporate leverage response to a safer macro environment: The case of foreign exchange reserve accumulation
Journal of International Economics, 2021, 132, (C) View citations (11)
See also Working Paper Endogenous Corporate Leverage Response to a Safer Macro Environment: The Case of Foreign Exchange Reserve Accumulation, NBER Working Papers (2019) View citations (8) (2019)
Firm productivity and functional specialisation
The World Economy, 2021, 44, (5), 1232-1260 View citations (11)
On the market failure of “missing pioneers”
Journal of Development Economics, 2021, 152, (C)
Trade reforms and current account imbalances
Journal of International Economics, 2021, 131, (C) View citations (2)
See also Working Paper Trade Reforms and Current Account Imbalances, CEPR Discussion Papers (2021) View citations (3) (2021)

2020

Did Unconventional Interventions Unfreeze the Credit Market?
American Economic Journal: Macroeconomics, 2020, 12, (2), 284-309 View citations (1)
Measuring Smile Curves in Global Value Chains
Oxford Bulletin of Economics and Statistics, 2020, 82, (5), 988-1016 View citations (41)
See also Working Paper Measuring smile curves in global value chains, IDE Discussion Papers (2015) View citations (31) (2015)
Monetary policy in an era of global supply chains
Journal of International Economics, 2020, 124, (C) View citations (18)
See also Chapter Monetary Policy in an Era of Global Supply Chains, NBER Chapters, 2019 (2019) View citations (6) (2019)
Working Paper Monetary Policy in an Era of Global Supply Chains, NBER Working Papers (2020) View citations (25) (2020)
Services development and comparative advantage in manufacturing
Journal of Development Economics, 2020, 144, (C) View citations (18)
See also Working Paper Services Development and Comparative Advantage in Manufacturing, NBER Working Papers (2019) View citations (1) (2019)

2019

Global Value Chains and Effective Exchange Rates at the Country‐Sector Level
Journal of Money, Credit and Banking, 2019, 51, (S1), 7-42 View citations (14)
See also Working Paper Global value chains and effective exchange rates at the country-sector level, BIS Working Papers (2017) View citations (24) (2017)
Nonlinear Capital Flow Tax: Capital Flow Management and Financial Crisis Prevention in China
China & World Economy, 2019, 27, (4), 1-28 View citations (1)
Portfolio choices, Asset returns and wealth inequality: evidence from China
Emerging Markets Review, 2019, 38, (C), 423-437 View citations (4)

2018

International transmissions of monetary shocks: Between a trilemma and a dilemma
Journal of International Economics, 2018, 110, (C), 205-219 View citations (90)
See also Working Paper International Transmissions of Monetary Shocks: Between a Trilemma and a Dilemma, NBER Working Papers (2016) View citations (12) (2016)
One fundamental and two taxes: When does a Tobin tax reduce financial price volatility?
Journal of Financial Economics, 2018, 130, (3), 663-692 View citations (24)
See also Working Paper One Fundamental and Two Taxes: When Does a Tobin Tax Reduce Financial Price Volatility?, NBER Working Papers (2014) View citations (9) (2014)

2017

Foreign Direct Investment and External Financing Conditions: Evidence from Normal and Crisis Times
Scandinavian Journal of Economics, 2017, 119, (4), 1129-1166 View citations (9)
From "Made in China" to "Innovated in China": Necessity, Prospect, and Challenges
Journal of Economic Perspectives, 2017, 31, (1), 49-70 View citations (48)
See also Working Paper From “Made in China” to “Innovated in China”: Necessity, Prospect, and Challenges, NBER Working Papers (2016) View citations (3) (2016)
Home ownership as status competition: Some theory and evidence
Journal of Development Economics, 2017, 127, (C), 169-186 View citations (50)
Property Rights and CDS Spreads: When Is There a Strong Transfer Risk from the Sovereigns to the Corporates?
Quarterly Journal of Finance (QJF), 2017, 07, (04), 1-36 View citations (7)
Re-examining the middle-income trap hypothesis (MITH): What to reject and what to revive?
Journal of International Money and Finance, 2017, 73, (PA), 41-61 View citations (22)
See also Working Paper Re-examining the Middle-Income Trap Hypothesis (MITH): What to Reject and What to Revive?, NBER Working Papers (2017) View citations (22) (2017)
The diffusion of corporate governance to emerging markets: Evaluating two dimensions of investor heterogeneity
Journal of International Money and Finance, 2017, 70, (C), 406-432 View citations (6)
See also Working Paper The Diffusion of Corporate Governance to Emerging Markets: Evaluating Two Dimensions of Investor Heterogeneity, MPRA Paper (2014) (2014)
The effects of financial development on foreign direct investment
Journal of Development Economics, 2017, 127, (C), 153-168 View citations (123)
See also Working Paper The Effects of Financial Development on Foreign Direct Investment, NBER Working Papers (2017) View citations (122) (2017)

2016

A Darwinian perspective on “exchange rate undervaluation”
European Economic Review, 2016, 83, (C), 111-138
See also Working Paper A Darwinian Perspective on “Exchange Rate Undervaluation”, ADB Economics Working Paper Series (2015) (2015)
The Competitive Saving Motive: Concept, Evidence, and Implications
Frontiers of Economics in China-Selected Publications from Chinese Universities, 2016, 11, (3), 355-366 View citations (2)
See also Working Paper The Competitive Saving Motive: Concept, Evidence, and Implications, ADB Economics Working Paper Series (2015) View citations (2) (2015)

2015

Financial structure, corporate savings and current account imbalances
Journal of International Money and Finance, 2015, 54, (C), 142-167 View citations (18)
Firm Exports and Multinational Activity Under Credit Constraints
The Review of Economics and Statistics, 2015, 97, (3), 574-588 View citations (268)
See also Working Paper Firm Exports and Multinational Activity Under Credit Constraints, NBER Working Papers (2011) View citations (109) (2011)
Impact Time Guidance Law Considering Autopilot Dynamics Based on Variable Coefficients Strategy for Maneuvering Target
Mathematical Problems in Engineering, 2015, 2015, 1-10

2014

A Solution to Two Paradoxes of International Capital Flows
Economic and Political Studies, 2014, 2, (1), 3-43 View citations (2)
See also Working Paper A Solution to Two Paradoxes of International Capital Flows, IMF Working Papers (2006) View citations (81) (2006)
Does trade globalization induce or inhibit corporate transparency? Unbundling the growth potential and product market competition channels
Journal of International Economics, 2014, 94, (2), 358-370 View citations (2)
See also Working Paper Does Trade Globalization Induce or Inhibit Corporate Transparency? Unbundling the Growth Potential and Product Market Competition Channels, NBER Working Papers (2011) View citations (3) (2011)
Financial Systems and Economic Outcomes: A Comparative Perspective
Global Economic Review, 2014, 43, (4), 315-318 View citations (2)
Is economic rebalancing toward consumption “greener”? Evidence from visibility in China, 1984–2006
Journal of Comparative Economics, 2014, 42, (4), 1021-1032 View citations (4)
Monthly Electric Energy Consumption Forecasting Using Multiwindow Moving Average and Hybrid Growth Models
Journal of Applied Mathematics, 2014, 2014, 1-7 View citations (1)
Policy Choices and Resilience to International Monetary Shocks
Global Economic Review, 2014, 43, (4), 319-337 View citations (12)
Tracing Value-Added and Double Counting in Gross Exports
American Economic Review, 2014, 104, (2), 459-94 View citations (734)
See also Working Paper Tracing Value-Added and Double Counting in Gross Exports, CEPR Discussion Papers (2012) View citations (38) (2012)

2013

A Faith-Based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?
The Review of Economics and Statistics, 2013, 95, (1), 168-184 View citations (104)
A theory of the competitive saving motive
Journal of International Economics, 2013, 91, (2), 275-289 View citations (32)
See also Working Paper A Theory of the Competitive Saving Motive, NBER Working Papers (2013) View citations (37) (2013)
Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters
American Economic Review, 2013, 103, (6), 2169-95 View citations (523)
See also Working Paper Trade liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters, CEPR Discussion Papers (2012) View citations (3) (2012)

2012

Estimating domestic content in exports when processing trade is pervasive
Journal of Development Economics, 2012, 99, (1), 178-189 View citations (284)
From the financial crisis to the real economy: Using firm-level data to identify transmission channels
Journal of International Economics, 2012, 88, (2), 375-387 View citations (110)
See also Working Paper From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, NBER Working Papers (2011) View citations (23) (2011)
Chapter From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, NBER Chapters, 2011 (2011) View citations (21) (2011)
Slow Pass-through Around the World: A New Import for Developing Countries?
Open Economies Review, 2012, 23, (2), 213-251 View citations (88)
See also Working Paper Slow Pass-through Around the World: A New Import for Developing Countries?, Scholarly Articles (2012) View citations (76) (2012)

2011

Does corporate governance risk at home affect investment choices abroad?
Journal of International Economics, 2011, 85, (1), 25-41 View citations (22)
The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
Journal of Political Economy, 2011, 119, (3), 511 - 564 View citations (467)
See also Working Paper The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China, NBER Working Papers (2009) View citations (73) (2009)
The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis
The Review of Financial Studies, 2011, 24, (6), 2023-2052 View citations (145)
See also Working Paper The Composition Matters: Capital Inflows and Liquidity Crunch during a Global Economic Crisis, Working Papers (2010) View citations (40) (2010)
The renminbi’s role in the global monetary system - commentary
Proceedings, 2011, (Nov), 199-206
The role of intermediaries in facilitating trade
Journal of International Economics, 2011, 84, (1), 73-85 View citations (426)
See also Working Paper The Role of Intermediaries in Facilitating Trade, NBER Working Papers (2010) View citations (43) (2010)
When is quality of financial system a source of comparative advantage?
Journal of International Economics, 2011, 84, (2), 178-187 View citations (95)
See also Working Paper When Is Quality of Financial System a Source of Comparative Advantage?, NBER Working Papers (2008) View citations (20) (2008)

2010

Do external interventions work? The case of trade reform conditions in IMF supported programs
Journal of Development Economics, 2010, 92, (1), 71-81 View citations (14)
See also Working Paper Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs, NBER Working Papers (2006) View citations (4) (2006)
Does the global fireman inadvertently add fuel to the fire? New evidence from institutional investors' response to IMF program announcements
Journal of International Money and Finance, 2010, 29, (4), 728-741 View citations (8)
Domestic Institutions and the Bypass Effect of Financial Globalization
American Economic Journal: Economic Policy, 2010, 2, (4), 173-204 View citations (96)
See also Working Paper Domestic Institutions and the Bypass Effect of Financial Globalization, Working Papers (2010) View citations (94) (2010)

2009

AN INTEGRATED DECISION SUPPORT FRAMEWORK FOR MACROECONOMIC POLICY MAKING BASED ON EARLY WARNING THEORIES
International Journal of Information Technology & Decision Making (IJITDM), 2009, 08, (02), 335-359
Corruption and cross-border investment in emerging markets: Firm-level evidence
Journal of International Money and Finance, 2009, 28, (4), 605-624 View citations (165)
See also Working Paper Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence, Working Papers (2009) View citations (168) (2009)
Financial Globalization: A Reappraisal
IMF Staff Papers, 2009, 56, (1), 8-62 View citations (440)
See also Working Paper Financial Globalization: A Reappraisal, CEPR Discussion Papers (2006) View citations (469) (2006)
Service Offshoring and Productivity: Evidence from the US
The World Economy, 2009, 32, (2), 203-220 View citations (180)
The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques
American Economic Journal: Applied Economics, 2009, 1, (3), 82-96 View citations (71)
See also Working Paper The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques, NBER Working Papers (2007) View citations (22) (2007)
The value of making commitments externally: Evidence from WTO accessions
Journal of International Economics, 2009, 78, (2), 216-229 View citations (76)
See also Working Paper The Value of Making Commitments Externally: Evidence from WTO Accessions, Working Papers (2009) View citations (73) (2009)

2008

Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights
IMF Staff Papers, 2008, 55, (3), 384-416 View citations (96)
See also Working Paper Estimation of De Facto Exchange Rate Regimes: Synthesis of The Techniques for Inferring Flexibility and Basket Weights, Working Paper Series (2008) View citations (104) (2008)
In search of a euro effect: Big lessons from a Big Mac Meal?
Journal of International Money and Finance, 2008, 27, (2), 260-276 View citations (29)
See also Working Paper In Search of a Euro Effect: Big Lessons from a Big Mac Meal?, MPRA Paper (2007) (2007)
Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade
The Review of Economics and Statistics, 2008, 90, (3), 587-592 View citations (29)
See also Working Paper Outsourcing Tariff Evasion: A New Explanation for Entrepot Trade, NBER Working Papers (2007) View citations (1) (2007)

2007

A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates
Economic Journal, 2007, 117, (523), 1336-1356 View citations (67)
See also Working Paper A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates, CEPR Discussion Papers (2004) View citations (10) (2004)
Assessing China's exchange rate regime
(Working with the IMF to strengthen exchange rate surveillance)
Economic Policy, 2007, 22, (51), 576-627 View citations (30)
See also Working Paper Assessing China's Exchange Rate Regime, NBER Working Papers (2007) View citations (74) (2007)
Collateral damage: Exchange controls and international trade
Journal of International Money and Finance, 2007, 26, (5), 841-863 View citations (19)
See also Working Paper Collateral Damage: Exchange Controls and International Trade, IMF Working Papers (2007) View citations (25) (2007)
The WTO promotes trade, strongly but unevenly
Journal of International Economics, 2007, 72, (1), 151-175 View citations (337)
See also Working Paper The WTO Promotes Trade, Strongly But Unevenly, CEPR Discussion Papers (2005) View citations (25) (2005)

2006

Comments on: David Dollar and Aart Kraay, Neither a borrower nor a lender: Does China's zero net foreign asset position make economic sense?"
Journal of Monetary Economics, 2006, 53, (5), 973-979
Connecting two views on financial globalization: Can we make further progress?
Journal of the Japanese and International Economies, 2006, 20, (4), 459-481 View citations (56)
Monetary policies for developing countries: The role of institutional quality
Journal of International Economics, 2006, 70, (1), 239-252 View citations (70)
See also Working Paper Monetary Policies for Developing Countries: The Role of Institutional Quality, CEPR Discussion Papers (2005) View citations (5) (2005)

2005

Fear of service outsourcing: is it justified?
(Location of vertically linked industries: agglomeration versus comparative advantage)
Economic Policy, 2005, 20, (42), 308-347 View citations (211)
See also Working Paper Fear of Service Outsourcing: Is It Justified?, IMF Working Papers (2004) View citations (82) (2004)
Impact des barrières aux échanges sur la croissance économique. Le cas de la Chine
Revue économique, 2005, 56, (3), 735-744 View citations (1)
Transparency and International Portfolio Holdings
Journal of Finance, 2005, 60, (6), 2987-3020 View citations (273)
See also Working Paper Transparency and International Portfolio Holdings, CEPR Discussion Papers (2004) View citations (9) (2004)

2004

Does Insider Trading Raise Market Volatility?
Economic Journal, 2004, 114, (498), 916-942 View citations (43)
See also Working Paper Does Insider Trading Raise Market Volatility?, IMF Working Papers (2003) View citations (5) (2003)
Tax Rates and Tax Evasion: Evidence from "Missing Imports" in China
Journal of Political Economy, 2004, 112, (2), 471-500 View citations (429)
See also Working Paper Tax Rates and Tax Evasion: Evidence from "Missing Imports" in China, NBER Working Papers (2001) View citations (19) (2001)

2003

Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?
The B.E. Journal of Economic Analysis & Policy, 2003, 3, (2), 1-34 View citations (45)
See also Working Paper Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?, NBER Working Papers (2001) View citations (95) (2001)
Risk and Reward of Embracing Globalisation: The Governance Factor
Journal of African Economies, 2003, 12, (Supplement 1), 73-119 View citations (4)

2002

"The bigger they are, the harder they fall": Retail price differences across U.S. cities
Journal of International Economics, 2002, 56, (1), 21-53 View citations (92)
Foreign portfolio investors before and during a crisis
Journal of International Economics, 2002, 56, (1), 77-96 View citations (165)
See also Working Paper Foreign Portfolio Investors Before and During a Crisis, Working Papers (1999) View citations (53) (1999)
Offshore investment funds: monsters in emerging markets?
Journal of Development Economics, 2002, 68, (1), 205-224 View citations (30)
See also Working Paper Offshore Investment Funds: Monsters in Emerging Markets?, CID Working Papers (2001) View citations (2) (2001)

2001

Domestic Crony Capitalism and International Fickle Capital: Is There a Connection?
International Finance, 2001, 4, (1), 15-45 View citations (56)
Explaining the border effect: the role of exchange rate variability, shipping costs, and geography
Journal of International Economics, 2001, 55, (1), 87-105 View citations (241)
See also Working Paper Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography, NBER Working Papers (2000) View citations (18) (2000)

2000

How Taxing is Corruption on International Investors?
The Review of Economics and Statistics, 2000, 82, (1), 1-11 View citations (1066)
See also Working Paper How Taxing is Corruption on International Investors?, William Davidson Institute Working Papers Series (1997) View citations (111) (1997)
Local Corruption and Global Capital Flows
Brookings Papers on Economic Activity, 2000, 31, (2), 303-354 View citations (260)
The China money puzzle: will devaluation of the yuan help or hurt the Hong Kong dollar?
China Economic Review, 2000, 11, (2), 171-188 View citations (17)

1999

Currency hedging and goods trade
European Economic Review, 1999, 43, (7), 1371-1394 View citations (49)
See also Working Paper Currency Hedging and Goods Trade, NBER Working Papers (1998) View citations (21) (1998)
Offshore Investment Funds
East Asian Economic Review, 1999, 3, (4), 3-33 View citations (1)

1998

Open Regionalism in a World of Continental Trade Blocs
IMF Staff Papers, 1998, 45, (3), 440-453 View citations (66)
See also Working Paper Open Regionalism in a World of Continental Trade Blocs, IMF Working Papers (1998) View citations (66) (1998)
To Shock or Not to Shock? Economics and Political Economy of Large‐Scale Reforms
Economics and Politics, 1998, 10, (2), 161-183 View citations (7)
Two crises and two Chinas
Japan and the World Economy, 1998, 10, (3), 359-369 View citations (2)

1997

Gradualism versus Big Bang: Speed and Sustainability of Reforms
Canadian Journal of Economics, 1997, 30, (4), 1234-47 View citations (52)
The siamese twins: Do state-owned banks favor state-owned enterprises in China?
China Economic Review, 1997, 8, (1), 19-29 View citations (52)

1996

Can regional blocs be a stepping stone to global free trade? a political economy analysis
International Review of Economics & Finance, 1996, 5, (4), 339-347 View citations (17)
Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations
The Quarterly Journal of Economics, 1996, 111, (4), 1211-1236 View citations (370)
See also Working Paper Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations, NBER Working Papers (1996) View citations (365) (1996)
Regional Trading Arrangements: Natural or Supernatural
American Economic Review, 1996, 86, (2), 52-56 View citations (88)
See also Working Paper Regional Trading Arrangement: Natural or Super-Natural?, NBER Working Papers (1996) View citations (30) (1996)

1995

Attracting foreign direct investment: Has China reached its potential?
China Economic Review, 1995, 6, (2), 187-199 View citations (25)
Trading blocs and the Americas: The natural, the unnatural, and the super-natural
Journal of Development Economics, 1995, 47, (1), 61-95 View citations (355)

1994

A "Greater China" trade Bloc?
China Economic Review, 1994, 5, (2), 179-190 View citations (17)

1993

A Pacific economic bloc: is there such an animal?
FRBSF Economic Letter, 1993, (nov12) View citations (1)
Insignificant and Inconsequential Hysteresis: The Case of U.S. Bilateral Trade
The Review of Economics and Statistics, 1993, 75, (4), 606-13 View citations (39)
See also Working Paper Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade, NBER Working Papers (1994) (1994)

1991

Price volatility without news about fundamentals
Economics Letters, 1991, 37, (4), 453-458 View citations (2)

Books

2013

Trade in Value Added: Developing New Measures of Cross-Border Trade
World Bank Publications - Books, The World Bank Group View citations (21)

2010

China's Growing Role in World Trade
NBER Books, National Bureau of Economic Research, Inc View citations (69)

Edited books

2014

The Oxford Companion to the Economics of China
OUP Catalogue, Oxford University Press View citations (18)

2010

China's Growing Role in World Trade
National Bureau of Economic Research Books, University of Chicago Press View citations (37)

2002

The Globalization of the Chinese Economy
Books, Edward Elgar Publishing View citations (9)

Chapters

2021

Ten Keys in Beating Back COVID-19 and the Associated Economic Pandemic
Chapter 14 in Impact of COVID-19 on Asian Economies and Policy Responses, 2021, pp 97-103

2019

Monetary Policy in an Era of Global Supply Chains
A chapter in NBER International Seminar on Macroeconomics 2019, 2019 View citations (6)
See also Working Paper Monetary Policy in an Era of Global Supply Chains, National Bureau of Economic Research, Inc (2020) View citations (25) (2020)
Journal Article Monetary policy in an era of global supply chains, Elsevier (2020) View citations (18) (2020)

2014

The Misfortune of Nonfinancial Firms in a Financial Crisis: Disentangling Finance and Demand Shocks
A chapter in Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, 2014, pp 349-376 View citations (1)
See also Working Paper The Misfortune of Non-financial Firms in a Financial Crisis: Disentangling Finance and Demand Shocks, C.E.P.R. Discussion Papers (2009) View citations (5) (2009)

2013

On the Connections between Intra-temporal and Intertemporal Trades
A chapter in NBER International Seminar on Macroeconomics 2013, 2013, pp 36-51 View citations (6)
See also Working Paper On the connection between intra-temporal and intertemporal trade, C.E.P.R. Discussion Papers (2012) (2012)

2012

The Chinese Corporate Savings Puzzle: A Firm-level Cross-Country Perspective
A chapter in Capitalizing China, 2012, pp 283-308 View citations (14)
See also Working Paper The Chinese Corporate Savings Puzzle: A Firm-Level Cross-Country Perspective, Hong Kong Institute for Monetary Research (2012) View citations (12) (2012)

2011

Financial Development and Growth: What Role Can Foreign Capital Play?
Chapter 2 in Financial Inclusion, Innovation, And Investments Biotechnology and Capital Markets Working for the Poor, 2011, pp 29-40
From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels
A chapter in Global Financial Crisis, 2011 View citations (21)
See also Journal Article From the financial crisis to the real economy: Using firm-level data to identify transmission channels, Elsevier (2012) View citations (110) (2012)
Working Paper From the Financial Crisis to the Real Economy: Using Firm-level Data to Identify Transmission Channels, National Bureau of Economic Research, Inc (2011) View citations (23) (2011)

2010

Financial Globalization and Economic Policies
Elsevier View citations (80)
See also Working Paper Financial Globalization and Economic Policies, Institute of Labor Economics (IZA) (2009) View citations (31) (2009)
Introduction to "China's Growing Role in World Trade"
A chapter in China's Growing Role in World Trade, 2010, pp 1-31 View citations (33)
See also Working Paper Introduction to "China's Growing Role in World Trade", National Bureau of Economic Research, Inc (2009) View citations (8) (2009)
Postscript to Financial Globalization and Economic Policies
Elsevier View citations (24)
What Accounts for the Rising Sophistication of China's Exports?
A chapter in China's Growing Role in World Trade, 2010, pp 63-104 View citations (56)
See also Working Paper What Accounts for the Rising Sophistication of China's Exports?, National Bureau of Economic Research, Inc (2008) View citations (42) (2008)

2009

Does Service Offshoring Lead to Job Losses? Evidence from the United States
A chapter in International Trade in Services and Intangibles in the Era of Globalization, 2009, pp 227-243 View citations (34)

2007

Financial Globalization, Growth and Volatility in Developing Countries
A chapter in Globalization and Poverty, 2007, pp 457-516 View citations (61)
See also Working Paper Financial Globalization, Growth and Volatility in Developing Countries, C.E.P.R. Discussion Papers (2004) View citations (56) (2004)
The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, 2007, pp 421-480 View citations (68)
See also Working Paper The Chinese Approach to Capital Inflows: Patterns and Possible Explanations, National Bureau of Economic Research, Inc (2005) View citations (152) (2005)

2002

A Globalizing China: An Introduction
Chapter 1 in The Globalization of the Chinese Economy, 2002
China as a Window to the World: Trade Openness, Living Standards and Income Inequality
A chapter in Globalisation, Living Standards and Inequality: Recent Progress and Continuing Challenges, 2002 View citations (1)
Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises
A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 461-506 View citations (48)
See also Working Paper Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises, National Bureau of Economic Research, Inc (2001) View citations (68) (2001)

2000

Does Corruption Relieve Foreign Investors of the Burden of Taxes and Capital Controls?
A chapter in International Taxation and Multinational Activity, 2000, pp 73-88 View citations (3)
See also Working Paper Does corruption relieve foreign investors of the burden of taxes and capital controls?, The World Bank (1999) View citations (23) (1999)
Why Does China Attract So Little Foreign Direct Investment?
A chapter in The Role of Foreign Direct Investment in East Asian Economic Development, 2000, pp 239-265 View citations (13)

1998

Continental Trading Blocs: Are They Natural or Supernatural?
A chapter in The Regionalization of the World Economy, 1998, pp 91-120 View citations (88)
See also Working Paper Continental Trading Blocs: Are They Natural, or Super-Natural?, National Bureau of Economic Research, Inc (1993) View citations (53) (1993)
Regionalization of World Trade and Currencies: Economics and Politics
A chapter in The Regionalization of the World Economy, 1998, pp 189-226 View citations (68)

1997

Open versus Closed Trade Blocs
A chapter in Regionalism versus Multilateral Trade Arrangements, 1997, pp 119-140 View citations (13)

1996

Foreign Direct Investment in China: Sources and Consequences
A chapter in Financial Deregulation and Integration in East Asia, 1996, pp 77-105 View citations (17)

1995

The Open Door Policy and China's Rapid Growth: Evidence from City-Level Data
A chapter in Growth Theories in Light of the East Asian Experience, 1995, pp 73-104 View citations (20)
See also Working Paper Open Door Policy and China's Rapid Growth: Evidence from City-level Data, National Bureau of Economic Research, Inc (1993) View citations (23) (1993)

1994

Yen Bloc or Dollar Bloc? Exchange Rate Policies of the East Asian Economies
A chapter in Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, 1994, pp 295-333 View citations (241)
See also Working Paper Yen Bloc or Dollar Bloc: Exchange Rate Policies of the East Asian Economies, University of Birmingham - International Financial Group (1992) View citations (62) (1992)

Editor

Asian Development Review
Asian Development Bank