Working Papers

International Risk Sharing During the Globalization Era
with Robert Flood and Akito Matsumoto, December 2007

Selected Publications

Drift Control of International Reserves
with Avner Bar-Ilan and David Perry - Journal of Economic Dynamics
and Control, 2007

International Reserve Holdings with Sovereign Risk and Costly Tax Collection
with Joshua Aizenman - Economic Journal, 2004

The Merits of Horizontal Versus Vertical FDI in the Presence of Uncertainty
with Joshua Aizenman - Journal of International Economics, 2004

A Model of the Joint Distribution of Banking and Currency Crises
with Robert Flood - Journal of International Money and Finance, 2004

The High Demand for International Reserves in the Far East: What's Going On?
with Joshua Aizenman - Journal of the Japanese and International Economies, 2003

Holding International Reserves in an Era of High Capital Mobility
with Robert Flood - Brookings Trade Forum 2001, 2002

Perspectives on the Recent Currency Crises Literature
with Robert Flood - International Journal of Finance and Economics, 1999
and Money, Capital Mobility, and Trade: Essays in Honor of Robert A. Mundell, 2001