Research

(all papers and data used therein are available upon request by e-mail) 

Financial Crises

Capital Flows and Capital Account Policy

International  Monetary Fund

Monetary Policy

Foreign Direct Investment

Natural Disasters

Growth

 

Financial Crises

Fiscal and Monetary Policies and the Cost of Sudden Stops. [w/ Michael Hutchison and Lidan Wang] (2007). PDF

Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets. [w/ Michael Hutchison] J. of Development Economics (2006). PDF

Banking Supervision and Banking Crises in East Asia. Asia-Pacific Issues (2005). PDF

How Bad Are Twins? Output Costs of Currency and Banking Crises. [w/ Michael Hutchison] J. of Money, Credit and Banking (2005). PDF

Financial Liberalization, Prudential Supervision and the Onset of Banking Crises - Empirical Findings. Emerging Markets Review (2004). PDF

Output Costs of Currency and Balance of Payments Crises in Emerging Markets. [w/ Michael Hutchison] Comparative Economic Studies (2002). PDF

 

Capital Flows and Capital Account Policy

Endogenous Financial Openness. [w/ Joshua Aizenman]. Review of Development Economics (forthcoming). PDF

The IMF and the Liberalization of Capital Flows. [w/ Joseph Joyce] Review of International Economics (2008). PDF.

Capital Account Liberalization and Foreign Direct Investment. [w/ Tam Vu] North American J. of Economics and Finance (2007). PDF

FDI and Trade: Two-way Linkages? [w/ Joshua Aizenman] Quarterly Review of Economics and Finance (2006). PDF

 

International  Monetary Fund

The IMF and the Liberalization of Capital Flows. [w/ Joseph Joyce] Review of International Economics (2008). PDF.

Sovereign Default Risk, the IMF and Creditor Moral Hazard. J. of International Financial Markets, Institutions & Money (2008). PDF

Macroeconomic Effects of IMF-Sponsored Programs in Latin America. [w/ Michael Hutchison] J. of International Money and Finance (2003). PDF

 

International Monetary Policy

Inflation Targeting and Real Exchange Rates in Emerging Markets. [w/ Joshua Aizenman and Michael Hutchison] (2008). PDF

 

Foreign Direct Investment

Sectoral Analysis of Foreign Investment and Growth in Developed Countries. [w/ Tam Vu] J. of International Financial Markets, Institutions & Money (2009). PDF

Is Foreign Direct Investment Good for Growth? An Answer from China & Vietnam. [w/ Tam Vu and Byron Gangnes] J. of the Asia Pacific Economy (2008). PDF

Foreign Direct Investment and Economic Growth: Empirical Evidence from Sectoral Data in Indonesia. w/ A. Khaliq (March, 2007).

Capital Account Liberalization and Foreign Direct Investment. [w/ Tam Vu] North American J. of Economics and Finance (2007). PDF

FDI and Trade: Two-way Linkages? [w/ Joshua Aizenman] Quarterly Review of Economics and Finance (2006). PDF

 

Natural Disasters

A Hurricane’s Long-Term Economic Impact: the Case of Hawaii’s Iniki. [w/ Makena Coffman] (2009).

Coping with Future Natural Disasters in Hawaii. [w/ Makena Coffman] (2009).

The Economics of Natural Disasters in Vietnam. [w/ Tam Vu] (2009).

Fiscal Storms: Public Spending and Revenues in the Aftermath of Natural Disasters. [w/ Aekkanush Nualsri] (2008). PDF

The Macroeconomic Consequences of Natural Disasters. J. of Development Economics (2009). PDF

 

Growth

What do Exogenous Shocks Tell Us about Growth Theories? [w/ Aekkanush Nualsri] (2007). PDF

Prizes for Basic Research – Human Capital, Economic Might and the Shadow of History. [w/ Joshua Aizenman] J. of Economic Growth (2007). PDF  DATA

 


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