Tags: california at berkeley, council of economic advisers, director 7, economics university, faculty research fellow, federal reserve board, follette school, harvard university, international economics, international monetary fund, macroeconomics program, magna cum laude, national bureau of economic research, observatory drive, public affairs university, university of california at berkeley, university of california at santa cruz, university of wisconsin at madison, university of wisconsin madison, visiting scholar,
July 8, 2008
MENZIE DAVID CHINN
OFFICE ADDRESS
Department of Economics
University of Wisconsin-Madison
1180 Observatory Drive
Madison, WI 53706
Tel/Fax: (608) 262-7397/2033
Email: mchinn@lafollette.wisc.edu
http://www.ssc.wisc.edu/~mchinn
EDUCATION
Ph.D., Economics: University of California at Berkeley, December 1991.
M.A., Economics: University of California at Berkeley, June 1988.
A.B., magna cum laude, Economics: Harvard University, June 1984.
POSITIONS HELD
Robert M. La Follette School of Public Affairs, University of Wisconsin at Madison, Associate Director,
7/07-present.
Robert M. La Follette School of Public Affairs, University of Wisconsin at Madison, Professor of Public
Affairs and Economics (Macroeconomics, international economics, economic statistics), 7/03-present.
University of California at Santa Cruz, Professor of Economics (Macroeconomics, international trade,
international finance, econometrics), 7/02-6/05; Associate Professor of Economics, 7/97-6/02; Assistant
Professor, 7/91-6/97.
Senior Economist (International finance), White House Council of Economic Advisers, 6/00-6/01.
University of California at Berkeley, Visiting Assistant Professor of Economics (Macroeconomics and
international trade), 6/93-8/93, 6/94-8/94.
OTHER APPOINTMENTS
Research Associate, National Bureau of Economic Research, International Finance and Macroeconomics
program, 2002-present. Faculty Research Fellow, 1996-2002.
Senior Fellow, UW Center for World Affairs and the Global Economy (WAGE), 9/05-present
National Fellow, National Bureau of Economic Research, academic year 2002-2003.
Visiting Scholar, European Central Bank, 5/2007.
OTHER APPOINTMENTS (continued)
Visiting Scholar, Division of International Finance, Federal Reserve Board, 9/94, 5/98, 7/01, 8/06.
Visiting Scholar, Research Department, International Monetary Fund, 10-11/95, 4/98, 4/99, 6/99, 8/01,
4/02, 8/06, 6/07.
Visiting Fellow, Macroeconomic Analysis Division, Congressional Budget Office, 6/05-7/05.
Instructor, Advanced Studies Program of the Kiel Institute for World Economics, March 2005.
Academic Advisory Council, Peter G. Peterson Institute for International Economics, 2006- .
Co-director, Santa Cruz Center for International Economics, 1998-2000. Research Associate, 1998-
Associated Scholar, University of Wisconsin Center for World Affairs and the Global Economy, 2004- .
Visiting Scholar, Research Department, Federal Reserve Bank of San Francisco, 7/96-6/97; and Research
Associate, 1992-present.
Resident Fellow, Rockefeller Foundation Bellagio Study and Conference Center, 7/97.
Visiting Research Scholar, National Research Center on the Quantification and Simulation of Economic
Processes at Humboldt University, Berlin, 1/2000-5/2000.
Visiting Scholar, Research Department, Sveriges Riksbank, 3/2000.
OTHER PROFESSIONAL EXPERIENCE
Academic Advisory Council participant, Federal Reserve Bank of Chicago, 1/05, 1/08.
Guest Scholar, Research Department, Federal Reserve Bank of Chicago, 8/99-9/99, 7/03-8/04.
Participant, UC Group on Pacific Basin Monetary and Financial Issues, organized by M. Kahler 1998-99.
Participant, Haas School of Business-S.F. Federal Reserve Bank Summer Workshop 7/98.
Research Associate, Department of Economics, Mount Holyoke College, 3/97-5/97.
Participant, University of Washington Castor workshop in international economics, 7/95.
Guest Scholar, The Brookings Institution, Economic Studies Program, 6/92-8/92.
Research Assistant, The Brookings Institution, 1984-85.
Research Assistant, Energy and Environmental Policy Center, 1982-84.
2
PEER REVIEWED JOURNAL ARTICLES
"Three Current Account Balances: A "Semi-Structuralist" Interpretation," forthcoming Japan and the
World Economy. Also NBER Working Paper No. 11853 (December 2005) (with Jaewoo Lee).
"The Fog Encircling the Renminbi Debate," Singapore Economic Review 52(3) (2007): 403-418 (with
Yin-Wong Cheung and Eiji Fujii).
"Price-based Measurement of Financial Globalization: A Cross-Country Study of Interest Rate Parity,"
Pacific Economic Review 12(4) (2007): 419-444 (with Hiro Ito).
"Global Current Account Imbalances: American Fiscal Policy versus East Asian Savings," Review of
International Economics 16(3) (2008): 479-498 (with Hiro Ito).
"Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment,"
International Journal of Finance and Economics 13 (2008): 2-13. Also NBER Working Paper No. 12481
(August 2006) (with Ron Alquist).
"The Overvaluation of Renminbi Undervaluation," Journal of International Money and Finance 26(5)
(September 2007): 762-785. Also NBER Working Paper No. 12850 (with Yin-Wong Cheung, Eiji Fujii).
"Current Account Balances, Financial Development and Institutions: Assaying the World `Saving Glut',"
Journal of International Money and Finance 26(4) (June 2007): 546-569. Revision of NBER Working
Paper No. 11761 (November 2005) (with Hiro Ito).
"The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet
Penetration," Oxford Economic Papers 59 (January 2007): 16-44. Also NBER Working Paper No. 10686
(with Robert Fairlie).
"What Matters for Financial Development? Capital Controls, Institutions and Interactions," Journal of
Development Economics 61(1) (October 2006): 163-192. Abbreviated version of NBER Working Paper
No. 11370 (May 2005) (with Hiro Ito).
"Current Account and Real Exchange Rate Dynamics in the G-7 Countries," Journal of International
Money and Finance 25(2) (March 2006): 257-274. Revision of NBER Working Paper #6495 (April
1998), (with Jaewoo Lee).
"The Chinese Economies in Global Context: The Integration Process and Its Determinants," Journal of
the Japanese and International Economies 20(1) (March 2006): 128-153. Also NBER Working Paper
#10047 (October 2003) (with Yin-Wong Cheung and Eiji Fujii).
"The (Partial) Rehabilitation of Interest Rate Parity: Longer Horizons, Alternative Expectations and
Emerging Markets," Journal of International Money and Finance 25(1) (February 2006): 7-21.
"A Primer on Real Effective Exchange Rates: Determinants, Overvaluation, Trade Flows and
Competitive Devaluations," Open Economies Review 17(1) (January 2006): 115-143. Also NBER
Working Paper No. 11521 (August).
3
PEER REVIEWED JOURNAL ARTICLES (continued)
"Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?" Journal of International
Money and Finance 24 (November 2005): 1150-1175. Also NBER Working Paper #9393 (December
2002) (with Yin-Wong Cheung and Antonio Garcia Pascual).
"Doomed to Deficits? Aggregate U.S. Trade Flows Revisited," Review of World Economics
(Weltwirtschaftliches Archiv) 141(3) (2005): 460-85. Revision of NBER Working Paper No. 9521
(February 2003).
"Perspectives on Financial Integration in the Chinese Economies," International Journal of Finance and
Economics 10(2) (April 2005): 117-132 (with Yin-Wong Cheung and Eiji Fujii).
"Incomes, Exchange Rates and the U.S. Trade Deficit, Once Again," International Finance 7(3) (Winter
2004): 451469.
"How Do UK Foreign Exchange Dealers Think Their Market Operates?" International Journal of
Finance and Economics 9 (4) (Nov. 2004): 289-306. Also Centre for Economic Policy Research
Discussion Paper #2230 and NBER Working Paper #7524 (with Yin-Wong Cheung and Ian Marsh).
"Monetary Policy and Long Horizon Uncovered Interest Parity," IMF Staff Papers 51(3) (November
2004): 409-430. Revised version of "Long-Horizon Uncovered Interest Rate Parity," NBER Working
Paper #6797 (November 1998) (with Guy Meredith).
"A Decomposition of Global Linkages in Financial Markets over Time," Review of Economics and
Statistics 86(3) (August 2004): 705-722. Also NBER Working Paper #9555 (March 2003) (with Kristin
Forbes).
"Do High Oil Prices Presage Inflation? Cross-Country Evidence," Business Economics 39(2) (April
2004): 38-48 (with Michael LeBlanc).
"China, Hong Kong and Taiwan: Real and Financial Integration," China Economic Review 14(3) (2003):
281-303 (with Yin-Wong Cheung and Eiji Fujii).
"Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical
Exploration," Journal of International Economics 59(1) (January 2003): 47-76. Also NBER Working
Paper #7581 (March 2000) (with Eswar Prasad).
"Fin de Siècle Real Interest Parity," Journal of International Financial Markets, Institutions and Money
11(3/4) (Sept. 2001): 289-308. Also NBER Working Paper #7880 (with Eiji Fujii)
"Currency Traders and Exchange Rate Dynamics: A Survey of the U.S. Market," Journal of International
Money and Finance 20(4) (August 2001): 439-471. Combined revision of NBER Working Papers #7416
and #7417 (with Yin-Wong Cheung).
"Market Structure and the Persistence of Sectoral Deviations from Purchasing Power Parity,"
International Journal of Finance and Economics 6(2) (April 2001): 95-114. Also NBER Working Paper
#7408 (October 1999) (with Yin-Wong Cheung and Eiji Fujii).
4
PEER REVIEWED JOURNAL ARTICLES (continued)
"Tracking the Euro's Progress," International Finance 3(3) (November 2000): 357-374 (with Ron
Alquist).
"Before the Fall: Were East Asian Currencies Overvalued?" Emerging Markets Review 1(2) (August
2000): 101-126. Also NBER Working Paper #6491 (April 1998).
"Three Measures of Overvaluation and the East Asian Currencies," Contemporary Economic Policy 18(2)
(April 2000): 205-214.
"The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates," Review
of International Economics 8(1) (February 2000): 20-43. Also NBER Working Paper #6108 (Sept. 1997).
"A Monetary Model of the South African Rand," African Finance Journal 1(1) (Oct. 1999): 69-91.
"International Monetary Arrangements in the Asia-Pacific: Before and After," Journal of Asian
Economics 10(3) (Autumn 1999): 361-384 (with Michael Dooley).
"Latin America and East Asia in the Context of an Insurance Model of Currency Crises," Journal of
International Money and Finance 18(4) (Aug. 1999): 659-681 (with Michael Dooley and Sona Shrestha).
"International Monetary Arrangements in the Asia-Pacific Region," Pacific Review 12 (2) (May 1999):
291-317 (with Michael Dooley).
"On the Won and Other East Asian Currencies," International Journal of Finance and Economics 4(2)
(April 1999): 113-127
"Integration, Cointegration, and the Forecast Consistency of Structural Exchange Rate Models," Journal
of International Money and Finance 17(5) (Oct. 1998): 813-830 (with Yin-Wong Cheung).
"Financial and Capital Account Liberalization in the Pacific Basin: Korea and Taiwan," International
Economic Journal 12(1) (Spring 1998): 53-74 (with William Maloney).
"Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials
Fail to Measure Capital Market Integration," Bank of Japan Monetary and Economic Studies (December
1997): 81-103 (with Michael Dooley).
"Whither the Yen? Implications of an Intertemporal Model of the Yen/Dollar Rate," Journal of the
Japanese and International Economies 11(2) (June 1997): 228-246.
"Paper Pushers or Paper Money? Empirical Assessment of Fiscal and Monetary Models of Exchange Rate
Determination," Journal of Policy Modeling 19(1) (February 1997): 51-78.
"Further Investigation of the Uncertain Unit Root in GNP," Journal of Business and Economic Statistics
15(1) (January 1997): 68-73 (with Yin-Wong Cheung).
"Deterministic, Stochastic and Segmented Trends in Aggregate Output: A Cross-Country Analysis,"
Oxford Economic Papers 48(1) (January 1996): 134-162 (with Yin-Wong Cheung).
5
PEER REVIEWED JOURNAL ARTICLES (continued)
"How Well Is America Competing? A Comment on Papadakis," Journal of Policy Analysis and
Management 15(1) (Winter 1996): 68-81 (with Louis Johnston).
"Who Drives Real Interest Rates around the Pacific Rim: The US or Japan?" Journal of International
Money and Finance 14(6), (December 1995): 801-821 (with Jeffrey Frankel).
"The Stabilizing Properties of a Nominal GNP Rule in an Open Economy," Journal of Money, Credit and
Banking 27(2) (May 1995): 318-334 (with Jeffrey Frankel, primary author).
"Banking on Currency Forecasts: Is Change in Money Predictable?" Journal of International Economics
38 (1-2) (February 1995): 161-78 (with Richard Meese).
"How Sensitive Are Trends to Data Definitions? Results for East Asian and G-5 Countries," Applied
Economics Letters 2 (1995): 1-6 (with Yin-Wong Cheung and Tuan Tran).
"Patterns in Exchange Rate Forecasts for 25 Currencies," Journal of Money, Credit and Banking 26 (4)
(November 1994): 759-770 (with Jeffrey Frankel).
"Financial Barriers in the Pacific Basin: 1982-1992," Journal of Economic Integration 9 (March 1994):
62-79 (with Jeffrey Frankel).
"Exchange Rate Expectations and the Risk Premium: Tests for a Cross-Section of 17 Currencies," Review
of International Economics 1(2) (June 1993): 136-144 (with Jeffrey Frankel).
"Why Current Account Deficits Still Matter," World Economy 15 (March 1992):221-30.
"Beware of Econometricians Bearing Estimates: Policy Analysis in a 'Unit Root' World," Journal of
Policy Analysis and Management 10(4) (Fall 1991): 546-567.
"Some Linear and Nonlinear Thoughts on Exchange Rates," Journal of International Money and Finance
10(2) (June 1991): 214-230.
JOURNAL ARTICLES
"Why the Dollar Will Rival the Euro," International Finance 11(1) (2008): 49-73 (with Jeffrey Frankel).
"Why the Deficits Matter," The International Economy (Summer 2006) (with Benn Steil).
BOOKS
The Economic Integration of Greater China: Real and Financial Linkages and the Prospects for
Currency Union (Hong Kong University Press, 2007) (with Yin-Wong Cheung and Eiji Fujii).
Empirical Exchange Rate Economics: Estimation and Implications (manuscript to be published by
Cambridge University Press).
6
ARTICLES IN BOOKS
"China's Current Account and Exchange Rate," forthcoming, China's Growing Role in World Trade,
edited by R. Feenstra and S.-J. Wei (U.Chicago Press for NBER) (with Yin-Wong Cheung and Eiji Fujii).
"East Asia and Global Imbalances: Saving, Investment, and Financial Development," forthcoming
Financial Sector Development in the Pacific Rim, edited by Takatoshi Ito and Andy Rose (U.Chicago
Press for NBER) (with Hiro Ito).
"The Illusion of Precision and the Role of the Renminbi in Regional Integration," forthcoming in Koichi
Hamada, Beate Reszat and Ulrich Volz (editors), Prospects for Monetary and Financial Integration in
East Asia: Dreams and Dilemmas (Edward Elgar) (with Yin-Wong Cheung and Eiji Fujii).
"Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?" in R. Clarida
(ed.), G7 Current Account Imbalances: Sustainability and Adjustment (U. Chicago Press, 2007), pp. 285-
322. Also NBER Working Paper No. 11510 (August 2005) (with Jeffrey Frankel).
"Macroeconomic Management and Financial Stability: The Implications for East Asia," in Kiichiro
Fukasaku, Masahiro and Kawai, Michael Plummer, Alexandra Trzeciak-Duval (editors), Policy
Coherence towards East Asia: Development Challenges for OECD Countries (OECD, 2005), pp. 89-136.
"Recent Exchange Rate Models: In-Sample Fit and Out-of-Sample Performance," in Paul DeGrauwe
(editor), Exchange Rate Modelling: Where Do We Stand? (Cambridge: MIT Press for CESIfo, 2005):
239-276 (with Yin-Wong Cheung and Antonio Garcia Pascual).
"A Quantitative Assessment of Economic Integration: The Implications for Monetary Arrangements in
East Asia," in Choong Yong Ahn, Takatoshi Ito, Masahiro Kawai, and Yunjong Wang (editors),
Financial Development and Integration in East Asia (Seoul: Korean Institute for International Economic
Policy, 2004): 174-205 (with Yin-Wong Cheung and Eiji Fujii).
"Measuring Real Effective Exchange Rates," in Gordon de Brouwer and Masahiro Kawai (editors),
Exchange Rate Regimes in East Asia (London and New York: RoutledgeCurzon, 2004): 268-301.
"The Compatibility of Capital Controls and Financial Development: A Selective Survey and Empirical
Evidence," in Gordon DeBrouwer and Yunjong Wang (eds.), Financial Governance in East Asia: Policy
Dialogue, Surveillance, and Cooperation (London and New York: RoutledgeCurzon, 2004).
"Survey Data on Exchange Rate Expectations: More Currencies, More Horizons, More Tests," in W.
Allen and D. Dickinson (editors), Monetary Policy, Capital Flows and Financial Market Developments in
the Era of Financial Globalisation: Essays in Honour of Max Fry (London: Routledge, 2002):145-167
(with Jeffrey Frankel).
"Imperfect Information, Domestic Regulation and Financial Crises," in Reuven Glick, Ramon Moreno
and Mark Spiegel (editors) Financial Crises in Emerging Markets (Cambridge: Cambridge University
Press, 2001): 196-237. Also NBER Working Paper #7902 (with Kenneth Kletzer).
"Real and Financial Linkages and Asia-Pacific Exchange Rates," in Asia-Pacific Economic Linkages
edited by Shigeyuki Abe, Mordechai E. Kreinin and Michael G. Plummer (NY: Elsevier/Pergamon Press,
1999): 99-126.
7
ARTICLES IN BOOKS (continued)
"Productivity, Government Spending and the Real Exchange Rate: Evidence for OECD Countries," in
Equilibrium Exchange Rates, edited by Ronald MacDonald and Jerome Stein (Boston: Kluwer Academic
Publishers, 1999): 163-190.
"Monetary Policy in Japan, Germany and the United States: Does One Size Fit All?" in Japanese
Economic Policy Reconsidered, edited by Craig Freedman (London: Edward Elgar, 1998): 179-217 (with
Michael Dooley).
"Asia-Pacific Capital Markets: Measurement of Integration and the Implications for Economic Activity,"
in Regionalism versus Multilateral Trading Arrangements, edited by Takatoshi Ito and Anne O. Krueger
(Chicago: Chicago U. Press for NBER, 1997): 169-196 (with Michael Dooley).
"Financial Links around the Pacific Rim: 1982-1992," in Reuven Glick and Michael Hutchison (editors)
Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin (Cambridge: Cambridge
Univ. Press, 1994): 17-26 (with Jeffrey Frankel).
"Financial and Currency Integration in the European Monetary System: The Statistical Record," in F.
Torres and F. Giavazzi (editors) Adjustment and Growth in the European Monetary Union (Cambridge
Univ. Press/CEPR: Cambridge, 1993): 270-305 (with J. Frankel and S. Phillips).
"A Tale of Two Markets: Capital Market Integration and the Determination of Exchange Rates," in
Richard O'Brien and Tappan Datta (editors) International Economics and Financial Markets (Oxford:
Oxford Univ. Press/American Express, 1989): 193-214.
OTHER PUBLICATIONS
"Effective Exchange Rates," "Interest Rate Parity," and "Forward Premium Puzzle," forthcoming
Princeton Encyclopedia of the World Economy.
"The Debate about the Undervaluation of China's Renminbi," La Follette Policy Report 16(2) (Fall 2006-
Winter 2007) (with Yin-Wong Cheung and Eiji Fujii).
"Real Exchange Rates," New Palgrave Dictionary, edited by Steven N. Durlauf and Lawrence E. Blume
(Palgrave-MacMillan, 2008).
"The Current Account Deficit: Causes and Challenges," La Follette Policy Report 15(2) (Fall 2005-
Winter 2006): 16-20.
"Getting Serious about the Twin Deficits," Council Special Report No. 10 (New York: Council on
Foreign Relations, September 2005).
"Assessing the Digital Divide," La Follette Policy Report 15(1) (Spring 2005): 1-2, 10-14 (with Robert
Fairlie).
"Research Summary: Explaining Exchange Rate Behavior," NBER Reporter (Spring 2003).
Council of Economic Advisers, Economic Report of the President, 2001 (U.S. GPO, Washington, D.C.).
8
Co-author of chapter 4, "The New Economy in a Global Context." Contributor to chapter 3, "The
Creation and Diffusion of the New Economy."
"United States of America," in Asia-Pacific Economic Cooperation Economic Committee, Economic
Outlook, 2001 (APEC, Singapore).
COMMENTS, BOOK REVIEWS AND ESSAYS
"Lessons from the First Financial Crises of the 21st Century: Review of Globalization and the
International Financial System by P. Isard; Bailouts or Bail-ins? By B. Setser and N. Roubini; Sovereign
Risk and Financial Crises, edited by M. Frenkel, A. Karmann and B. Scholtens," International Finance
9(2) (August 2006): 281294.
"Review of Exchange Rate Misalignment: Concepts and Measurement for Developing Countries, by L.
Hinkle and P. Montiel," Journal of Economic Literature 38(3) (September 2000): 651-52.
"Comment" on "Social Policy Dimension of Economic Integration: Environmental and Labour
Standards," by Kym Anderson, in Ito and Krueger (editors), Regionalism versus Multilateral Trading
Arrangements (Chicago: Chicago U. Press for NBER, 1997): 85-88.
"Review of National Diversity and Global Capitalism, edited by Berger and Dore," Journal of Economic
Literature 35(3) (September 1997): 1379-1381.
"Review of Garnaut and Drysdale, Asia Pacific Regionalism: Readings in International Economic
Relations," for The Journal of Asian Economics 6(4) (Winter 1995): 597-601.
"Guest Essay: Long-Horizon Uncovered Interest Parity," The Investment Strategy Pack: Quantitative and
Consensus Views for the U.S. Bond Market 3 (5/12) (Basel: Bank for International Settlements, August 4,
1999) (with Guy Meredith).
"Trends in Asia-Pacific Real Exchange Rates," HKCER Letters 49 (March 1998) (Hong Kong Centre for
Economic Research, Hong Kong University).
"Long-Run Determinants of East Asian Real Exchange Rates," Federal Reserve Bank of San Francisco
Economic Letter 98-11 (April 10, 1998).
NEWSPAPER AND MEDIA CITATIONS
Econoblog on "Dollars, Debt and the Trade Gap, Thoughts on the Dropping Dollar," Wall Street Journal
online, December 19, 2006.
"Global View: per l'economia americana un futuro a mani legate" ("Facing the Future with (at least) One
Hand Tied,") Il Sole 24 Ore, September 24, 2006.
"Q&A 1: The Trade Deficit," SmartEconomist.com, March 24, 2006.
Michael R. Sesit, "Dollar Is Battered and Bruised, Not Yet Out," Bloomberg, November 8, 2007. Chinn
and Frankel, "Will the euro surpass the dollar?"
9
Lee Hudson Teslik, "Q&A: Two Deficits, Fed Turnover," NYTimes.online, February 1, 2006. Cites
Council on Foreign Relations report, Getting Serious about the Twin Deficits.
"Special Report: China and US trade: Lost in translation," Economist, May 17, 2007. Discussion of
Cheung, Chinn and Fujii, "The overvaluation of Renminbi undervaluation."
"Economics Focus: Marking the dealer's cards," Economist, November 24, 2005. Discussion of Cheung,
Chinn and Garcia Pascual, "Empirical exchange rate models of the Nineties."
Jim Lobe, "America's nightmare: Becoming Britain," Asia Times, October 1, 2005. Discussion of Chinn,
"Getting Serious about the Twin Deficits."
"Economics Focus: Currency competition," Economist, September 29, 2005. Discussion of Chinn and
Frankel, "Will the euro surpass the dollar?"
"Euro may become top reserve currency by 2022--study," Reuters, August 5, 2005. Discussion of Chinn
and Frankel, "Will the euro surpass the dollar?"
Alan Beattie, "Inside Track: Spreading the Risk," Financial Times, February 4, 2003. Discussion of
Forbes and Chinn, "A Decomposition of Global Linkages in Financial Markets over Time."
Interviews:
Minnesota Public Radio's "Midmorning," January 8, 2007.
Wisconsin Radio Network, March 27, 2006.
CNBC's "Morning Call," October 5, 2005.
Quotations:
Krissah Williams, "Another Shot in Currency Fight: Chinese Threaten Divestment," Washington Post,
August 9, 2007.
David McMahon, "Productivity slowdown at heart of weak dollar," Reuters, May 29, 2007.
Peter Coy, "Some Gain From the Dollar's Pain," Business Week (May 7, 2007).
Deborah Solomon, "Guns and Butter: How War's Expense Didn't Strain Economy," Wall Street Journal,
Monday, February 5, 2007, page A1.
Greg Simmons, "With Chinese Visits Planned, Trade Deficit Is Front and Center," FOXNews.com,
Tuesday, April 18, 2006.
Avrum D. Lank, "Are the days of easy credit over? Economy sits in a tenuous position," Milwaukee
Journal Sentinel, February 11, 2006.
Kevin Carmichael and Alison Fitzgerald, "G-7 Needs Help Curbing Global Economic Risks, U.S.'s
Adams Says," Bloomberg, Dec. 1, 2005.
10
Avrum D. Lank, "Bush names Greenspan successor. White House adviser once led Princeton economics
department," Milwaukee Journal Sentinel, October 24, 2005
Jason Stein, "Report: Deficits Threaten Growth: UW-Madison Professor Says U.S. Faces Problems,"
Wisconsin State Journal, October 6, 2005.
Mario Margiocco, "Quando il dollaro farà posto all'euro," Il Sole 24 Ore, May 26, 2005.
Avrum D. Lank, "Economy earns a passing grade; jobs are spottier. Election may be decided on war,
domestic security," Milwaukee Journal Sentinel, October 30, 2004.
Joel Dresang, "Bush, Kerry differ in economic rhetoric, but some experts say their plans are similar,"
Milwaukee Journal Sentinel, October 12, 2004.
WORKING PAPERS (abbreviated list)
"Pitfalls in Measuring Exchange Rate Misalignment: The Yuan and Other Currencies," mimeo (May 29,
2008) (with Yin-Wong Cheung and Eiji Fujii).
"Private Information and the Macro Model of Exchange Rates: Evidence from a Novel Data Set," mimeo
(July 3, 2008) (with Michael Moore). Under review at Journal of International Economics.
"A Faith-based Initiative: Do We Really Know that a Flexible Exchange Rate Regime Facilitates Current
Account Adjustment?" mimeo (January 1, 2008) (with Shang-Jin Wei).
"ICT Use in the Developing World: An Analysis of Differences in Computer and Internet Penetration,"
NBER Working Paper No. 12382 (July 2006) (with Rob Fairlie). Under review at Review of International
Economics.
"Why the Renminbi Might be Overvalued (But Probably Isn't)," paper presented at the Federal Reserve
Bank of San Francisco conference on "External Imbalances and Adjustment in the Pacific Basin,"
September 22-23, 2005 (with Yin-Wong Cheung and Eiji Fujii).
"Supply Capacity, Vertical Specialization and Tariff Rates: The Implications for Aggregate U.S. Trade
Flow Equations," mimeo (May 2007). Revision of NBER Working Paper No. 11719 (October 2005).
"Testing Uncovered Interest Parity at Short and Long Horizons during the Post-Bretton Woods Era,"
NBER Working Paper No. 11077 (January 2005) (with Guy Meredith).
"The Predictive Content of Energy Futures: An Update on Petroleum, Natural Gas, Heating Oil and
Gasoline Markets," NBER Working Paper No. 11033 (January 2005) (with Michael LeBlanc and Olivier
Coibion).
"The Euro Area and World Interest Rates," Paper presented for the CEPR/ESI conference on "The Euro
Area as an Economic Entity," Eltville, Germany, 12-13 September 2003 (with Jeffrey Frankel). Revised
version presented at NY Fed conference on "Financial Globalization", 2-3 December 2004.
"The Provision of Global Public Goods for Better Macroeconomic Management in a Globalized Age,"
11
presented at AEA/CEANA session "Rethinking the Role of the State in the Globalized Age", at the ASSA
annual meetings (Washington, DC, January 2003).
WORKING PAPERS (continued)
"Free to Flow? New Results on Capital Mobility amongst the Non-G7 Economies," Santa Cruz Center
for International Economics Working Paper 02-20 (Santa Cruz, May 2002) (with Rita Madarassy).
"The Euro and the Productivity Puzzle: An Alternative Interpretation," NBER Working Paper No. 8824
(March 2002) (with Ron Alquist).
"The Empirical Determinants of the Euro: Short and Long Run Perspectives," paper prepared for
Deutsche Bundesbank conference Equilibrium Exchange Rates of the euro (Frankfurt, March 27-28,
2000). Circulated as Santa Cruz Center for International Economics Working Paper #00-2.
"Exchange Rate Arrangements in the Americas: Lessons from East Asia?" paper presented at North
American Economics and Finance Association/Lowe Institute panel "Exchange Rate Arrangements in the
Americas: Are They Working?" UCLA, June 24, 1999.
"Measuring Misalignment: PPP and East Asian Currencies in the 1990's," IMF Working Paper
WP/99/120 (September 1999).
"The Impact of Productivity Differentials on Real Exchange Rates: Beyond the Balassa-Samuelson
Framework," Working Paper #442 (Santa Cruz: Dept. of Economics, June 1999) (with Louis Johnston).
"Are Macroeconomic Forecasts Informative? Cointegration Evidence from the ASA-NBER Surveys,"
NBER Working Paper #6926 (February 1999) (with Yin-Wong Cheung).
"Real Exchange Rate Levels, Productivity and Demand Shocks: Evidence from a Panel of 14 Countries,"
NBER Working Paper #5709 (August 1996); IMF Working Paper WP/97/66, May 1997 (with Louis
Johnston).
AWARDS AND HONORS
University of Wisconsin Department of Economics Undergraduate Teaching Award (May 2007).
UW WAGE grant, 2005-08 "G-5 Current Account Sustainability" ($125,000), with Charles Engel.
UW Madison Research Grant, 2004-05; 2006-07.
Marquis Who's Who, 1999; Who's Who in Finance and Industry, 27th and 30th editions.
UC, Santa Cruz Social Sciences Division Research Awards, 1992-1998, 1999-2000, 2001-2002.
UC Center for German and European Studies grant, 1999-2000.
UC Pacific Rim Research Program, co-principal investigator, 1992-1994, 1995-96, 1997-98, 1998-99.
UCSC Committee on Research grants, 1992-2004.
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UC, Santa Cruz Social Sciences Division Junior Faculty Pre-Tenure Award, 1993-94, 1996-97.
UC MEXUS Small Grant, 1995-96.
UC, Santa Cruz, Affirmative Action Award for 1993-94, 1994-95.
UC, Berkeley, Institute for International Studies Simpson Memorial Fellowship for dissertation support,
1990-91.
UC, Berkeley Outstanding Graduate Student Instructor, 1988-89.
The 1988 AMEX Bank Review Award's Young Economist Prize.
ACADEMIC PRESENTATIONS (since September 1991)
Presentations at Conferences:
2008 Banca Monte dei Paschi di Siena conference on "The Impact of Global Financial Imbalances"
(Siena, June 27-28); Reinventing Bretton Woods/Austrian National Bank conference "Global
Markets Disruptions: Will Global Imbalances Unwind?" (Salzburg, June); Deutsche
Bundesbank/Center for Financial Studies-Goethe University Frankfurt workshop on "Panel
Methods and Open Economies" (May); IMF Conference on Macro-Finance (April); American
Economic Association/Korean American Economic Association panel on "The Asian Financial
Crisis: Ten Years Later," AEA panel on "Exchange Rates and Trade Prices in Emerging
Markets," at the Allied Social Sciences Meetings (New Orleans, scheduled for January).
2007 NBER Conference on "China's Growing Role in World Trade," organized by R. Feenstra and S.-
J. Wei (Cape Cod, August 3-4); Université de la Méditerranée/CEDERS conference on Open
Macroeconomics and Development (Aix-en-Provence, July); NBER-East Asian Seminar in
Economics conference organized by T. Ito and A. Rose (Singapore, June); National Association
for Business Economics panel on "International Capital Flows", at ASSA (Chicago, January).
2006 Society of Government Economists biannual conference, (Washington, DC, October 27); NBER
Pre-Conference on "China's Growing Role in World Trade," organized by R. Feenstra and S.-J.
Wei (Cambridge, October 14); Journal of International Money and Finance-SCCIE conference,
Santa Cruz, CA, organized by J. Aizenman and B. Pinto (September 28-30); ECB-Journal of
International Money and Finance conference (Frankfurt, July 17-18); International Journal of
Finance and Economics-Hong Kong Institute Monetary Authority conference (July 13-14, Hong
Kong); 12th Dubrovnik Economic Conference, Croatian National Bank (June 28 July 1);
CESifo-Athens University-Review of International Economics conference "Global Economic
Imbalances: Prospects and Remedies," Delphi (June 2-3); SCCIE-Federal Reserve Bank of San
Francisco-ZEI-European Commission conference on "The Euro and the Dollar in a Globalized
Economy" (May, Santa Cruz, CA); Reinventing Bretton Woods Committee-World Economic
Forum-Reserve Bank of Australia-Department of Treasury conference on "Global Savings and
Investments Patterns & the Changing Structure of the World Economy" (March, Adelaide);
International Economics and Finance Society (IEFS) panel at Allied Social Sciences Association
(ASSA) (Boston, January).
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2005 ECB-Bank of Canada Workshop on "Exchange Rate Determinants and Economics Impacts,"
Frankfurt (December 6-7); Federal Reserve Bank of San Francisco conference on "External
Imbalances and Adjustment in the Pacific Basin," organized by R. Glick and M. Spiegel,
(September 22-23); NBER Conference on "G-7 Current Account Imbalances: Sustainability and
Adjustment," organized by R. Clarida (Newport, June); JIMF-CRIF-TAFI Conference on
"Foreign Exchange Markets" organized by M. van Dijk, K. Koedijk and J. Lothian (Puerto Rico,
March); International Economics and Finance Society (IEFS) panel at Allied Social Sciences
Association (ASSA) (Philadelphia, January).
2004 NY Fed conference on "Financial Globalization," organized by L. Goldberg and P. Pesenti
(NYC, December 2-3); NBER pre-conference on "G-7 Current Account Imbalances," organized
by R. Clarida (Cambridge, MA, July 13-14); OECD-PRI conference "The Impact and Coherence
of OECD Country Policies on Asian Developing Economies," organized by K. Fukasaku, M.
Kawai, and M. Plummer. (Paris, June 10-11). China Finance Conference, Claremont McKenna
College, organized by T. Willett and R. Rajan (March); AEA panel on "Financial Crises", IEFS
panel on "Trade Elasticities", at ASSA (San Diego, January).
2003 CEPR European Summer Institute conference on "The European Union As an Economic Entity,"
organized by S. Eijffinger (September); NBER International Finance and Macro Summer Institute
(July); Hamburg Institute of International Economics (HWWA) Conference on "Dynamics of
East Asian Financial Markets," organized by E. Girardin and B. Reszat (May); IMF Conference
on "Global Linkages," organized by R. Brooks, K. Forbes, and A. Mody (Washington, DC,
January); Joint American Economic Association (AEA)-Chinese Economic Association in North
America (CEANA) panel "Rethinking the Role of the State in the Globalized Age" at ASSA
(Washington, DC, January).
2002 Panelist, Federal Reserve Bank of San Francisco conference on "Financial Issues in Asia"
(September); Australia National University-Chinese Center for Economic Research Conference
on "Deepening Regional Financial Arrangements in East Asia," organized by G. DeBrouwer and
P. Drysdale (Beijing University, March); Chinese Economic Association in North America
session, at the ASSA Winter Meetings (Atlanta, January).
2001 Australia National University-IMF East Asia Office Conference on "Regional Financial Markets
and Centres," organized by G. DeBrouwer and P. Drysdale (November 2001); NBER
International Finance and Macro Winter Meetings (Cambridge, March); IEFS panel at ASSA
(New Orleans, January).
2000 Deutsche Bundesbank workshop on "Equilibrium Exchange Rates of the euro," organized by B.
Schnatz (Frankfurt, March 27-28).
1999 Federal Reserve Bank of San Francisco Conference on "Financial Crises in Emerging Markets,"
organized by R. Glick and R. Moreno (September); North American Economics and Finance
Association / Lowe Institute panel "Exchange Rate Arrangements in the Americas," organized by
S. Arndt (UCLA, June); AEA panel on "Purchasing Power Parity"; joint AEA-American
Committee on Asian Economic Studies panel on "The Crisis in Asia's Money and Financial
Markets," IEFS panel on "The East Asian Economies Before and After the Crises" at the ASSA
Winter Meetings (New York City, January).
1998 Journal of International Money and Finance-Fordham Univ. Grad. School of Business
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conference "Perspectives on the Financial Crisis in Asia," organized by H. Edison (New York
City, October); NBER Summer Institute International Finance and Macroeconomics group
workshop on Currency Crises, organized by R. Portes (Cambridge, MA, July); Centre for
Economic Policy Research (CEPR) and Austrian National Bank conference on "Real Exchange
Rates: Recent Theories and Evidence," organized by A. Weber (Vienna, Austria, April); Korean
American Economic Association (KAEA) panel on financial reform in Korea, at the ASSA
Winter Meetings (Chicago, January).
1997 Conference on "International Economic Links and Policy Formation: Where Do We Go from
Here?" organized by Shigeyuki Abe, M. Kreinin and M. Plummer (Kobe University, Japan,
June); AEA panel, Chinese Economic Association in North America (CEANA) panel, at ASSA
Winter Meetings (New Orleans, January).
1996 Economic and Social Research Council conference on "Equilibrium Real Exchange Rates",
organized by R. MacDonald and J. Stein (Strathclyde University, UK, December); NBER
Universities Research Conference on "The Determination of Exchange Rates," organized by R.
Hodrick (Cambridge, May); Econometrics Society panel, International Economics and Finance
Society panel, and CEANA panel at ASSA Winter Meetings (San Francisco, January).
1995 Northeast Universities Development Conference (Cambridge, MA, November); NBER-East Asia
Seminar in Economics (NBER-EASE) conference, organized by T. Ito and A. Krueger on
"Regionalism versus Multilateral Trading Arrangements" (Seoul, Korea, June); AEA panel at the
ASSA Winter Meetings (Washington, D.C., January).
1994 Annual conference of the Money, Macro and Finance Research Group, City University Business
School (London, September); Annual meetings of the Western Economic Association
(Vancouver, B.C., June/July); Global Finance Association conference (Monterey, CA, April).
1992 Summer meetings of the Econometric Society (Seattle, June); Annual meetings of the Western
Economic Association (San Francisco, July).
Discussant:
2007 American Economic Association panel on "Global Current Account Imbalances", at ASSA
(Chicago, January).
2006 IMF Annual Research Conference (Washington, DC, November 9); ECB-JIMF conference
(Frankfurt, July 17-18); IJFE-Hong Kong Institute Monetary Authority conference (July 13-14,
Hong Kong); AEA panels on capital controls, on monetary policy transmission mechanism,
China and the world economy, at ASSA meetings (Boston, January).
2005 Econometric Society panel; AEA panel at ASSA meetings (Philadelphia, January).
2004 U.Mich.-Hitotsubashi Univ. conference "Macro/financial Issues in International Economic
Relations" (Ann Arbor, scheduled for October 22-23); NBER Inter-American Seminar in
Economics (July); Econometric Society panel at ASSA (San Diego, January).
2003 Federal Reserve Bank of Chicago conference "James Tobin Symposium" (November 14-15);
Hamburg Institute of International Economics (HWWA) Conference on "Dynamics of East Asian
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Financial Markets" (May).
2002 AEA panel on "Financial Crises" at the ASSA meeting (Atlanta, January).
2001 NBER InterAmerican Seminar in Economics (July); AEA panel and AEA/CSWEP panel at
ASSA meetings (New Orleans, January).
2000 NBER International Finance and Macroeconomics Summer Institute (July); NBER International
Finance and Macroeconomics Winter Meetings (March); AEA panel on exchange rates and
market structure; NAEFA/American Finance Association panel on monetary arrangements in the
Americas, at the ASSA Meetings (Boston, January).
1998 NBER International Finance and Macroeconomics Winter Meetings (March); KAEA-AEA panel
on capital movements and macro management in the Asia-Pacific region; AEA panel on
exchange rates and prices at ASSA Meetings (Chicago, January).
1997 NBER International Finance and Macroeconomics Winter Meetings (March); AEA panel at
ASSA Winter Meetings (New Orleans, January).
1996 NBER International Finance and Macroeconomics Winter Meetings (March); AEA panels at
ASSA Winter Meetings (San Francisco, January).
1995 NBER-EASE conference on "Regionalism vs. Multilateral Trade Arrangements" (Seoul, Korea,
June); UC Santa Cruz political economy workshop (June).
1994 Global Finance Association annual meetings (Monterey, CA, April).
Panelist:
2007 Round Table Discussion on Future Priorities, IMF Workshop on Open Economy Models for
Policy Evaluation, April.
2002 Monetary and Financial Issues in the Pacific Basin, Federal Reserve Bank of San Francisco,
September.
Seminar Presentations:
2008 Brookings Institution (June).
2007 University of Wisconsin Political Economy Colloquium (October); Queen's University, Belfast
(September); IMF (June); European Central Bank (May); Wilfrid Laurier University, Waterloo
(February); HEC-Montreal (February).
2006 Dartmouth College (October); Federal Reserve Board (July); Federal Reserve Bank of Cleveland
(May); Federal Reserve Bank of Atlanta (February).
2005 BIS (November); Congressional Budget Office (June); Central Bank of Ireland (May); Kiel
Institute for World Economics (March); University of Wisconsin, Milwaukee (February).
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2004 University of Wisconsin Economics Department (September).
2003 University of Wisconsin Economics Department (December); Federal Reserve Bank of Boston
(May); Luncheon on International Economic Policy (Kennedy School, May); Kiel Institute for
World Economics (May); European Central Bank (May); Bank of Canada (May); Tufts
University (April); Brandeis University (February); Bank of England (January).
2002 La Follette School of Public Affairs, University of Wisconsin (December); University of Houston
(November); European Union Economic and Financial Affairs Directorate (October); Boston
College (October); UCLA (April); University of Southern California (January).
2001 Brandeis University (December); Reserve Bank of Australia (November); Federal Reserve Board,
International Finance Division (July); American University (April).
2000 American University (September); Federal Reserve Board (September); Hamburg University &
HWWA Hamburg Institute for Economic Research (May); Humboldt University (April); Center
for European Integration/Bonn University (April); Sveriges Riksbank (March); Tinbergen
Institute, Erasmus University (March); Swiss National Bank (March); Bank for International
Settlements (March); DePaul University (February); Johns Hopkins University School for
Advanced International Studies (February).
1999 George Washington University (December); Ohio State University (November); USC (October);
Federal Reserve Bank of Chicago (August); UCSD (May); Notre Dame College of Business
Administration (April); Loyola University Chicago (March); New York University Stern School
of Business (March); Federal Reserve Bank of NY (March).
1998 University of Illinois-Chicago (December); Federal Reserve Board, International Finance
Division (May); International Monetary Fund Research Department (February).
1997 UC Davis (November); UC Irvine (October); Mount Holyoke College Department of Economics
(April).
1996 University of Washington School of Business (November); Federal Reserve Bank of San
Francisco Research Department (October); UCLA (October); University of Washington (May);
Federal Reserve Bank of Kansas City (April).
1995 International Monetary Fund Research Department (November); presenter, NBER Luncheon at
Kennedy School of Government, Harvard University (November 6).
1994 Wellesley College (October); Harvard University (October); Georgetown University School of
Business (September); Federal Reserve Board, International Finance Division (September);
Cambridge University (September); UC Davis (January).
1993 Harvard University Kennedy School of Government (December); UC Santa Barbara (October);
Santa Clara University (May).
1992 Arizona State University (December).
1991 IMF, Federal Reserve Board, Fletcher School-Tufts University, UC Santa Cruz, UCLA, UC
Riverside, Federal Reserve Bank of Kansas City, Federal Reserve Bank of St. Louis.
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Conference/Workshop/Panel Organization:
2008 "Current account sustainability in major advanced economies II," (Madison, WI, May 2-3), co-
organized with Charles Engel; Co-organizer with C. Engel, "Global Imbalances and the U.S.
Dollar: Doing Business in the World Economy," (Madison, May 1); NBER International Finance
and Macroeconomics Spring Meetings (Cambridge, March 21), co-organized with Roberto
Chang.
2007 NBER International Finance and Macroeconomics Spring Meetings (Cambridge, March 23), co-
organized with Lars Svensson.
2006 "Current account sustainability in major advanced economies," (Madison, WI, April 28-29), co-
organized with Charles Engel; NBER International Finance and Macroeconomics Spring
Meetings (Cambridge, March 24), co-organized with Lars Svensson.
2005 NBER International Finance and Macroeconomics Spring Meetings (Cambridge, March 18), co-
organized with Andres Velasco.
2002 SCCIE Workshop on "Empirical Methods in International Finance," (Santa Cruz, CA, April 12),
co-organized with Yin-Wong Cheung.
2002 Chinese Economists Association of North America panel on international finance, ASSA
meetings (Atlanta, January).
NON-ACADEMIC PRESENTATIONS
2007 Speaker, "The Rise of the Yuan: Trajectory, Policies, and Strategies for U.S. Business," at Fluno
Center/School of Business, University of Wisconsin, Madison (September 24).
2006 Presenter, U.S. Treasury Department, Office of International Affairs (October 26).
2005 Participant, Federal Reserve Bank of Chicago's Academic Advisory Council (January 25).
2002 Presentation at the State Information Center, State Development and Planning Commission
(Beijing, March 26).
2001 Proposal for "The New Economy in APEC" project, APEC Economic Committee meeting at
Senior Officials Meeting II (Beijing, February 15-16).
2000 Presentation on Managing Declining Industries to delegation from China's State Economic and
Trade Commission (Washington, DC, November 1).
US Economic Outlook, at APEC 2000 Economic Outlook Symposium (Manila, Philippines, July
24-25).
1999 Roundtable on Monetary Policy in Japan, "Odyssey" on WBEZ public radio (Chicago, April 5).
1997 Presentation to the Santa Clara University Leavey School of Business and Administration
"International Finance Forum", on "The East Asian Currency Crises" (October 15).
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PH.D. SUPERVISION
[student (graduation year), initial placement//current position if different from initial placement].
Baba, Chikako (U.Wisc. Ph.D. candidate)
Bailliu, Jeannine (UCSC 1998), Bank of Canada
Carare, Alina (UCSC 2000), IMF
Carolan, Terrie (UCSC 1996), Finaplex, Inc.
Dasgupta, Madhushree (UCSC 1998), ADB//Exec. Office of the Secretary General, United Nations
Dhakwa, Srijana (UCSC 1998), Silicon Valley American Marketing Association
Dong, Wei (U.Wisc., 2006), Bank of Canada.
Fujii, Eiji (UCSC 1999), Otaru University of Commerce//University of Tsukuba
Iizaka, Hitomi (UCSC 1998), University of Hong Kong
Ito, Hiro (UCSC 2004), Claremont-McKenna//Portland State University
Li, Eugene (UCSC 1994), East-West Center//Federal Energy Regulatory Commission
McDill, Kathleen (UCSC 2001), Federal Deposit Insurance Corporation
McIntyre, Gerald (UCSC 2000), Vassar College//Occidental College
Madarassy, Rita (UCSC 2002) [Chair], Westminster College
Malcolm, Michael (U.Wisc, 2007), American University of Sharjah
Martinez-Garcia, Enrique (U.Wisc, 2007), Federal Reserve Bank of Dallas
Matsumoto, Akito (U.Wisc. 2004), IMF
Mbekeani, Kennedy (UCSC 1997), Botswana Institute for Development Policy Analysis
Miao, Hui (UCSC 1995), CSFB//Schiller's Pension Consulting
Nam, Deokwoo (U.Wisc, Ph.D. candidate)
Shrestha, Sona (UCSC 1999), Reserve Bank of Australia//Asian Development Bank
Tovar, Camilo (U. Wisc., 2004), Bank for International Settlements
Wang, Jian (U.Wisc., 2006), Federal Reserve Bank of Dallas.
Wingle, John (UCSB 2000) [co-Chair], Office of Int'l Affairs, U.S. Treasury//Millennium Challenge
Corporation
Wright, David (UCSC 1996) [Chair], Social Policy Research Associates
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PROFESSIONAL SERVICE
Associate Editor: Journal of International Economics (1996-2002); Emerging Market Review (2002-);
Economic Bulletin (2001-2003), Journal of Money, Credit and Banking (2003-); Review of International
Economics (2004-).
Editorial Council: Review of International Economics.
Editorial Board: Open Economies Review (2003- ); Journal of International Economics and Economic
Policy (2003-); North American Journal of Economics and Finance (2005-).
Co-editor: African Finance Journal (1999-).
Referee (abbreviated list):
American Economic Review Journal of Development Economics
B.E. Journal in Macroeconomics Journal of Economic Growth
Canadian Journal of Economics Journal of Economic History
China Economic Review Journal of Empirical Finance
Contemporary Economic Policy Journal of Financial Stability
Economic Bulletin Journal of Futures Markets
Economic Journal Journal of International Economics
Economic Modelling Journal of International Financial
Economica Markets, Institutions and Money
Economics and Politics Journal of International Money and
Economics of Transition Finance
Economics Letters Journal of Macroeconomics
Emerging Markets Review Journal of Monetary Economics
Empirical Economics Journal of Money, Credit, and Banking
Energy Journal Journal of Policy Modeling
European Central Bank Working Paper Journal of Political Economy
Series Journal of Public Economics
European Economic Review Journal of the European Economic
European Financial Management Association
European Journal of Finance Journal of the Japanese and
Financial Review International Economies
Global Finance Journal Manchester School
IMF Staff Papers Multinational Finance Journal
International Economic Journal Open Economies Review
International Economic Review Oxford Bulletin of Economics and
International Finance Statistics
International Journal of Central Banking Quarterly Journal of Economics
International Journal of Finance and Review of Development Economics
Economics Review of Economics and Statistics
International Organization Review of Financial Economics
International Review of Economics and Review of International Economics
Finance Review of World Economics
Japan and the World Economy Scandinavian Journal of Economics
Journal of Applied Econometrics Scottish Journal of Political Economy
Journal of Asian Economics Southern Economic Journal
Journal of Business and Economic Statistics World Bank Economic Review
Journal of Comparative Economics The World Economy
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Proposal Referee: National Science Foundation, American Academy in Berlin, HK University Grants
Committee, City University of Hong Kong Research Grants.
Manuscript reviewer: Academic Press, Brookings Institution Press, Cambridge University Press, MIT
Press, Prentice-Hall, Princeton University Press, South-Western College Publishing, University of
Chicago Press, W.W. Norton, Worth Publishers.
External Ph.D. referee: Australia National University; Nanyang Technological University (Singapore).
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