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International Finance

Working Paper
Version

Published
Version

Benefits and Costs of International Financial Integration: Theory and Facts

'03

Financial Sector Inefficiencies and the Debt Laffer Curve
with J. Aizenman

Cyclical Fluctuations in Brazil's Real Exchange Rate: The Role of Domestic and External Factors, 1988-1995
with Alexander Hoffmaister and Carol Medeiros (forthcoming in Revista Brasileira de Economia)

July '01

Contagion, Bank Lending Spreads and Output Fluctuations
with Joshua Aizenman and Alexander Hoffmaister

June '99

Pourquoi la France accumule-t-elle des surplus de balance courante?
with Claude Bismut

June '99

Exchange Market Reform, Inflation, and Fiscal Deficits
with E. Murat Ucer

March '99

The Mexican Peso Crisis: Overview and Analysis of Credibility Factors
with Paul R. Masson

March '99

Consumption Smoothing and the Current Account: evidence from France, 1970-1996
with Claude Bismut, Paul Cashin and C. John McDermott

February '99

Credibility, Reputation and the Mexican Peso Crisis
with Paul Masson

February '99

The Behavior of Real Interest Rates in Exchange-Rate-Based Stabilization Programs

October '98

Capital Inflows, External Shocks and the Real Exchange Rate

October '98

Volatility and the Welfare Costs of Financial Market Integration
with Joshua Aizenman (published in November 1998)

October '98

Capital Inflows and the Real Exchange Rate: Analytical Framework and Econometric Evidence
with Alexander Hoffmaister

'98

The Surge in Capital Flows: Analysis of 'Pull' and 'Push' Factors

January '98

Fiscal Imbalances, Capital Inflows and the Real Exchange Rate: The Case of Turkey
with C. John McDermott and Murat Ucer

April '97

Foreign Currency Deposits and the Demand for Money in Developing Countries
with Mohsin Khan

June '96

Exchange Restrictions and Devaluation Crises

December '94

Credibility and Exchange Rate Management in Developing Countries

October '94

Unification of Foreign Exchange Markets
with Robert Flood

December '92

Speculative Attacks and Models of Balance-of-Payments Crises
with J. Bhandari and Robert Flood

June '92

Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange

September '90

Labor Markets and Poverty

Business Cycles, Economic Crises, and the Poor: Testing for Asymmetric Effects 

October '02

"Macroeconomic Adjustment and the Poor: Analytical Issues and Cross-Country Evidence" (forthcoming in Journal of Economic Surveys)

HTML Version

August '02

Stabilization Policies, Poverty and the Labor Market
click here for link to dataset

September '99

Employment Effects of Stabilization Policies

November '01

Fiscal Adjustment and Labor Market Dynamics in an Open Economy (forthcoming in Journal of Development Economics)

December '03

Macroeconomic Adjustment with Segmented Labor Markets
with Joshua Aizenman

November '98

Efficiency Wages, Disinflation and Labor Mobility
with Julio Santaella

January '97

Technological Change, Relative Wages and Employment
with Joshua Aizenman

January '97

Trade Liberalization and Unemployment
with Joshua Aizenman

September '96

The Labor Market and Economic Adjustment
Click here to read Comment on this article by Ching-Chong Lai and Wen-Ya Chang

June '96

Trade

Competitiveness and External Trade Performance of the French Manufacturing Industry

March '97

Credit Market Imperfections

The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
with Joshua Aizenman and Alexander Hoffmaister

February '04

Contagion and Volatility with Imperfect Credit Markets
with Joshua Aizenman

June '98

External Shocks, Bank Lending Spreads and Output Fluctuations
with Joshua Aizenman and Alexander Hoffmaister

August '02

Macroeconomic Management with Informal Financial Markets
with Nadeem U. Haque

March '95

Aggregate Output and Price Adjustment with Credit Rationing and Informal Loan Markets

March '89

Inflation and Monetary Policy

Monetary Policy under Flexible Exchange Rates: An Introduction to Inflation Targeting (published in 2002)

Disinflation and the Supply Side
with Lodovico Pizzati
click here for link to simulation program

October '03

Analyzing Credibility in High-Inflation Countries: A New Approach
with Mark Taylor

March '93

Price Controls and Electoral Cycles 
with Carlos M. Asilis

February '97

Credibility Effects of Price Controls in Disinflation Programs

Winter '95

Testing for Credibility Effects
with Mark Taylor

September '92

Other

Savings and the Terms of Trade Under Borrowing Constraints
with Joshua Aizenman
(forthcoming in Journal of International Economics)

November '02

Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts
with C. John McDermott and Eswar Prasad
click here for link to dataset

May '00