Working Papers 2000-2009

Copies of these papers are downloadable in PDF format from this web page. They are also available from individual faculty members (see Faculty information page) or from the Economics Department.

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661. Joshua Aizenman and Nancy Marion. Using Inflation to Erode the U.S. Public Debt, November 2009.

660. Dan Friedman, Timothy Cason, and Ed Hopkins, Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria, October 2009.

659. Dan Friedman and Ralph Abraham, Bubbles and Crashes, July 2008.

658. Dan Friedman, Ryan Oprea, and Keith Henwood, Separating the Hawks from the Doves, September 2009.

657. Dan Friedman and Ryan Oprea. A Continuous Dilemma, September 2009.

656. Joshua Aizenman and Yi Sun. The Financial Crisis and Sizable International Reserves Depletion: From 'Fear of Floating' to the 'Fear of Losing International Reserves'?, September 2009.

655. Joshua Aizenman and Nan Geng. Adjustment of State Owned and Foreign-Funded Enterprises in Chinca to Economic Reforms, 1980s-2007: A Logistic Smooth Transition Regression (LSTR) Approach, May 2009.

654. Yin-Wong Cheung and S.K. Chung. A Long Memory Model with Mixed Normal GARCH for US Inflation Data, May 2009.

653. Joshua Aizenman and Gurnain Pasricha. Selective Swap Arrangements and the Global Financial Crisis: Analysis & Interpretation, March 2009.

652. Rob Fairlie. Gender Differences in Business Performance: Evidence from the Characteristics of Business Owners Survey, February 2009.

651. Joshua Aizenman. On the Paradox of Prudential Regulations in the Globalized Economy; International Reserves and the Crisis: A Reassessment, February 2009.

650. Jonathan Robinson. Savings Constraints and Microenterprise Development: Evidence from a Field Experiment in Kenya, January 2009.


649. Joshua Aizenman and R. Glick. Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance, December 2008.

648. Joshua Aizenman and Michael Hutchison and Ilan Noy. Inflation Targeting and Real Exchange Rates in Emerging Markets, December 2008.

647. Joshua Aizenman and Menzie Chinn and Hiro Ito. Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time, revised April 2009.

646. Joshua Aizenman and Y. Jinjarak.The US as the 'Demander of Last Resort' and it's Implications on China's Current Account, revised December 2008.

645. Todd Feldman and Dan Friedman. Humans, Robots and Market Crashes: A Laboratory Study, October 2008

644. Joshua Aizenman and Jake Kendall. The Internationalization of Venture Capital and Private Equity, September 2008

643. Joshua Aizenman. Relative Price Levels and Current Accounts: An Exploration, revised November 2008

642. Joshua Aizenman. Capital Market Imperfections and the Theory of Optimum Currency Areas, June 2008

641. Gurnain Pasricha. Financial Integration in Emerging Market Economies, May 2008.

640. Huiban Yan and Dan Friedman. An Experiment on the Core, March 2008.

639. Jon Robinson. Limited Insurance Within the Household: Evidence from a Field Experiment in Kenya, April 2008.

638. Joshua Aizenman and Y. Jinjarak.Current account patterns and national real estate markets, revised July 2008.

637. Steven T. Anderson, Daniel Friedman and Ryan Oprea. Preemption Games: Theory and Experiment, March 2008.

636. Joshua Aizenman and Yi Sun. Globalization and the Sustainability of Large Current Account Imbalances: Size Matters, revised January 2008, forthcoming, Journal of Macroeconomics.


635. Ryan Oprea, Dan Friedman and Steven T. Anderson. A Laboratory Investigation of Deferral Options, March 2007.

634. Nirvikar Singh.The Dynamics of Reform of India’s Federal System, March 2007.

633. Nirvikar Singh. Fiscal Decentralization in China and India: Competitive, Cooperative or Market Preserving Federalism?, January 2007.

632. Jake Kendall and Nirvikar Singh. Internet Kiosks in Rural India: What Influences Success?, January 2007.

631. Nirvikar Singh. Fiscal Federalism and Decentralization in India, January 2007.

630. Joshua Aizenman, Kenneth Kletzer and Brian Pinto. Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences, January 2007.


629. Bernard Elbaum. A Long, Contingent Path to Comparative Advantage: Industrial Policy and the Japanese Iron and Steel Industry, 1900-1973, November 2006.

628. Joshua Aizenman. International reserves management and the current account, revised February 2007.

627. Joshua Aizenman and Jaewoo Lee. Financial versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding, November 2006.

626. Thomas Wu. Order Flow in the South: Anatomy of the Brazilian FX Market, October 2006.

625. Nirvikar Singh and T.N. Srinivasan. Federalism and Economic Development in India: An Assessment, October 2006.

624. Nirvikar Singh. ICTs and Rural Development in India, October 2006.

623. M. Govinda Rao and Nirvikar Singh. The Political Economy of India’s Fiscal Federal System and its Reform, April 2004, revised August 2006.

622. Nirvikar Singh. Services-Led Industrialization in India: Assessment and Lessons, November 2006.

621.Joshua Aizenman and Jorge Fernández-Ruiz. Signaling credibility - choosing optimal debt and international reserves, June 2006.

620. Joshua Aizenman and Daniel Riera. Real exchange rate and international reserves in the era of growing financial and trade integration, June 2006, revised February 2007.

619. Menzie D. Chinn and Robert W. Fairlie. ICT Use in the Developing World: An Analysis of Differences in Computer and Internet Penetration, June 2006.

618. Rasmus Fatum and Michael M. Hutchison. Evaluating Foreign Exchange Market Intervention: Self-Selection, Counterfactuals and Average Treatment Effects, May 2006.

617. Kai Pommerenke. Cooperation with Rivals, April 2006.

616. Joshua Aizenman and Ilan Noy. Prizes for Basic Research - Human Capital, Economic Might and the Shadow of History, March 2006, revised May 2006.

615. Joshua Aizenman and Yothin Jinjarak. Globalization and Developing Countries - a Shrinking Tax Base?, revised May 2007.


619. Robert W. Fairlie and Alicia Robb. Families, Human Capital, and Small Business: Evidence from the Characteristics of Business Owners Survey, December 2005.

618. Robert W. Fairlie and Alicia Robb. Why Are Black-Owned Businesses Less Successful than White-Owned Businesses? The Role of Families, Inheritances, and Business Human Capital, December 2005.

614. James C. Cox, Daniel Friedman, and Vjollca Sadiraj. Revealed Altruism, November 2005.

613. Nirvikar Singh. State Finances in India: A Case for Systemic Reform, November 2005, revised March 2006.

612. Wenjie Zhan and Daniel Friedman. Markups in Double Auction Markets, September 2005, revised May 2006.

611. Kyle Eischen and Nirvikar Singh. Lost, Dysfunctional or Evolving? A View of Business Schools from Silicon Valley, October 2005.

610. Joshua Aizenman and Reuven Glick. "Pegged Exchange Rate Regimes ?A Trap?" September 2005, revised December 2006.

609. Daniel Friedman. Conspicuous Consumption Dynamics, August 2005.

608. Brian Kluger and Daniel Friedman, Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem, July 2005.

607. Alessandra Cassar, Daniel Friedman and Patricia Higino Schneider. Cheating in Markets, July 2005.

606. Yin Wong Cheung and Daniel Friedman. Speculative Attacks: A Laboratory Study in Continuous Time, July 2005.

605. Joshua Aizenman and Yothin Jinjarak. The Collection Efficiency of the Value Added Tax: Theory and International Evidence, August 2005.

604. Kenneth Kletzer. International Financial Integration, Sovereignty and Constraints on Macroeconomic Policies, June 2005.

603. Kenneth Kletzer. Aid and Sanctions, April 2005.

602. Barry Eichengreen, Kenneth Kletzer, and Ashoka Mody. The IMF in a World of Private Capital Markets, February 2005.

600. Joshua Aizenman and Jaewoo Lee. "International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence", August 2005 (revised).

599. K.C. Fung. Trade and Investment among China, the United States, and the Asia-Pacific Economies: An Invited Testimony to the U.S. Congressional Commission, April 30, 2005.

598. Joshua Aizenman and Ilan Noy. FDI and Trade – Two Way Linkages? May 2005.

597. Nirvikar Singh. The Idea of South Asia and the Role of the Middle Class, April 2005.

595. Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka, and Alan Siu.FDI Flows to Latin America, East and Southeast Asia and China: Substitutes or Complements? April 2005.

593. K.C. Fung, Alicia Garcia-Herrero, Hitomi Iizaka, and Alan Siu. Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment in China, April 2005.

592. Joshua Aizenman and Eileen Brooks. Globalization and taste convergence: The cases of wine and beer, March 2005, revised April 2006.

591. Joshua Aizenman. Ex Ante Carrots Instead Of Ex Post Sticks: Two Examples, March 2005.

590. Donald Wittman. Is Status Quo Bias Consistent With Downward Sloping Demand? February 2005.

589. Donald Wittman. Pressure Groups And Political Advertising: How Uninformed Voters Can Use Strategic Rules Of Thumb, February 2005.

588. Donald Wittman. The Organization Of Family Interactions: Minimizing Transaction Costs And Strategic Behavior, February 2005.

587. Donald Wittman. Candidate Quality, Pressure Group Endorsements, And The Nature Of Political Advertising, February 2005.

586. Donald Wittman. Voting on Income Redistribution: How a Little Bit of Altruism Creates Transitivity, February 2005.

585. Joshua Aizenman. Emerging Markets, February 2005.

584. Joshua Aizenman. Financial liberalisations in Latin-America in the 1990s: A Reassessment, February 2005.


594. Busakorn Chantasasawat, KC Fung, Hitomi Iizaka, and Alan Siu. The Giant Sucking Sound: Is China Diverting Foreign Direct Investments from Other Asian Economies? November 2004

583. Nirvikar Singh. Transaction Costs, Information Technology and Development, October 2004.

582. Kenneth Kletzer. Sovereign Debt, Volatility and Insurance, July 2004, revised February 2005.

581. Federico Ravenna. "Why don’t Emerging Market Economies Adopt Inflation Targeting?"

580. Doireann Fitzgerald. A Gravity View of Exchange Rate Disconnect, August 2004, revised November 2004.

579. Nirvikar Singh and Garima Vasishtha. Some Patterns in Center-State Fiscal Transfers in India: An Illustrative Analysis, September 2004.

578. Nirvikar Singh. India’s System of Intergovernmental Fiscal Relations, August 2004.

577. Kenneth Kletzer. Liberalizing Capital Flows in India: Financial Repression, Macroeconomic Policy and Gradual Reforms, July 2004.

576. Joshua Aizenman, Brian Pinto and Artur Radziwill. Sources for financing domestic capital - is foreign saving a viable option for developing countries? August 2004, revised December 2006.

574. Reuven Glick, Xueyan Guo, and Michael Hutchison. Currency Crises, Capital Account Liberalization, and Selection Bias, June 2004.

573. Michael Hutchison and Ilan Noy. Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets, April 2004.

572. Joshua Aizenman and Brian Pinto. Managing Volatility and Crises: A Practitioner's Guide Overview, May 2004.

571. Terrie Carolan and Nirvikar Singh, Time Series Analysis of U.S.-East Asia Commodity Trade, 1962-1992, May 2004.

570. Pranab K. Bardhan and Nirvikar Singh. Inequality, Coalitions and Collective Action, May 2004.

569. Joshua Aizenman, Y. Lee and Y. Rhee. International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea, May 2004.

568. Nirvikar Singh and T. N. Srinivasan. Foreign Capital, Inflation, Sterilization, Crowding-Out and Growth: Some Illustrative Models, May 2004.

567. M. Govinda Rao and Nirvikar Singh. Asymmetric Federalism in India, April 2004.

566. M. Govinda Rao and Nirvikar Singh. The Political Economy of India’s Federal System and its Reform, April 2004.

565. Steven Anderson, Daniel Friedman, Garrett Milam and Nirvikar Singh. Buy it Now: A Hybrid Internet Market Institution, April 2004.

564. Steven Anderson, Daniel Friedman, Garrett Milam and Nirvikar Singh. Seller Strategies on eBay, April 2004.

563. Nirvikar Singh. Information Technology and Rural Development in India, March 2004.

562. Menzie D. Chinn and Robert W. Fairlie.The Determinants of the Global Digital Divide: A Cross-Country Analysis of Computer and Internet Penetration, February 2004.

561. Michael LeBlanc and Menzie D. Chinn. Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries, February 2004.

559. Daniel Friedman and Nirvikar Singh. Vengefulness Evolves in Small Groups, January 2004.

558. Xenia Matschke. Labor Market Rigidities and the Political Economy of Trade Protection, January 2004.

555. Nirvikar Singh and T. N. Srinvasan. Fiscal Policy in India: Lessons and Priorities, February 2004.

554. Robert Dekle and Kenneth Kletzer. Deposit Insurance, Regulatory Forbearance and Economic Growth: Implications for the Japanese Banking Crisis, January 2004.


575. Rasmus Fatum and Michael Hutchison. Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan, November 2003.

560. Daniel Friedman and Nirvikar Singh. Negative Reciprocity: The Coevolution of Memes and Genes, December 2003.

557. Xenia Matschke and Shane M. Sherlund. "Do Labor Issues Matter in the Determination of U.S. Trade Policy? An Empirical Reevaluation, November 2003.

556. Nirvikar Singh. Some Economic Consequences of India's Institutions of Governance: A Conceptual Framework, December 2003.

553. Menzie D. Chinn and Jeffrey Frankel. The Euro Area and World Interest Rates, November 2003.

552. Yin-Wong Cheung, Menzie D. Chinn, and  Eiji Fujii. The Chinese Economies in Global Context: The Integration Process and Its Determinants, June 2003.

551. Yin-Wong Cheung, Menzie D. Chinn, and Antonio Garcia Pascual. Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive? June 2003.

550. Yin-Wong Cheung, Menzie D. Chinn, and Antonio Garcia Pascual. What Do We Know about Recent Exchange Rate Models? In-Sample Fit and Out-of-Sample Performance Evaluated,  June 2003.

549. Eileen Brooks. Products and Prejudice: Measuring Country-of-Origin Bias in U.S. Wine Imports, June 2003.

548. Eileen Brooks. Why Don’t Firms Export More? Product Quality and Colombian Plants, September 2003.

547. Yin-Wong Cheung. An Analysis of Hong Kong Export Performance, June 2003.

546. Daniel Friedman and Donald Wittman. "Litigation with Symmetric Bargaining and Two-Sided Incomplete Information, June 2003.

545. Yin-Wong Cheung, Menzie D. Chinn and Eiji Fujii. "China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration, June 2003.

544. Joshua Aizenman. Endogenous Pricing to Market and Financing Costs,  revised May 2003.

543. Binbin Guo and Peter Phillips, "Efficient Estimation of Stock Volatility, May 2002, revised March 2003.

542. Peter C. B. Phillips, Binbin Guo and Zhijie Xiao, "Efficient Regression in Time Series Partial Linear Models, November 2001, revised March 2003.

541. Binbin Guo and Peter C. B. Phillips, "Efficient Estimation of Second Moment Parameters in ARCH Models, August 2001, revised March 2003.

540. Binbin Guo and Peter C. B. Phillips, "Testing for Autocorrelation and Unit Roots in the Presence of Conditional Heteroskedasticity of Unknown Form, July 2001, revised March 2003.

539. Binbin Guo, "Currency Risk Hedging with Time-Varying Correlations, March 2003.

538. Joshua Aizenman and Nancy Marion, "International Reserve Holdings with Sovereign Risk and Costly Tax Collection,  November 2003.

537. Joshua Aizenman and Reuven Glick, "Military Expenditure, Threats, and Growth, September 2003.

536. Gaofeng Han, Kaliappa Kalirajan and Nirvikar Singh, Productivity, Efficiency and Economic Growth: East Asia and the Rest of the World.

535. Kristin J. Forbes and Menzie D. Chinn, "A Decomposition of Global Linkages in Financial Markets Over Time, February 2003.


534. Joshua Aizenman and Andrew Powell, Volatility and Financial Intermediation, June 2002.

533. Kenneth M. Kletzer, Sovereign Bond Restructuring: Collective Action Clauses and Official Crisis Intervention, December 2002.

532. Nirvikar Singh, Laveesh Bhandari, Aoyu Chen and Aarti Khare, Regional Inequality in India: A Fresh Look, December 2002.

531. James C. Cox and Daniel Friedman, A Tractable Model of Reciprocity and Fairness, October 2002.

530. Joshua Aizenman and Mark M. Spiegel. "Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI", December 2002.
This paper was rewritten and submitted as Institutional Efficiency and the Investment Share of FDI, with Mark M. Spiegel. forthcoming, Review of International Economics.

529. Joshua Aizenman. Volatility, Employment and the Patterns of FDI in Emerging Markets, December 2002.

528. Joshua Aizenman, Kenneth M. Kletzer and Brian Pinto. Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises, August 2002.

527. Joshua Aizenman and Nancy Marion. "The High Demand for International Reserves in the Far East: What's Going On? August 2002.

526. Nirvikar Singh, "Nash Bargaining versus Market Outcomes, September 2002.

525. Menzie Chinn, Doomed to Deficits? Aggregate U.S. Trade Flows Re-examined ", July 2002.

524. Daniel Friedman and Nirvikar Singh, Equilibrium Vengeance, July 2002.

523. Nirvikar Singh, Information Technology and India’s Economic Development, July 2002.

522. P.D. Kaushik and Nirvikar Singh, Information Technology and Broad-Based Development: Preliminary Lessons from North India, July 2002.

521. Yin-Wong Cheung, Menzie D. Chinn and Antonio Garcia Pascual, Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive? June 2002.

520. Menzie D. Chinn and Guy Meredith, Testing Uncovered Interest Parity at Short and Long Horizons during the Post-Bretton Woods Era, June 2002.

519. Nirvikar Singh and T. N. Srinivasan, Indian Federalism, Economic Reform and Globalization, May 2002.

518. Joshua Aizenman and Nancy Marion, International Reserve Holdings with Sovereign Risk and Costly Tax Collection, May 2002.

517. Menzie D. Chinn and Hiro Ito, Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence, May 2002.

516. Menzie D. Chinn, The Compatibility of Capital Controls and Financial Development: A Selective Survey and Empirical Evidence, December 2001.

515. Menzie D. Chinn, The Measurement of Real Effective Exchange Rates: A Survey and Applications to East Asia, May 2002.

514. Michael M. Hutchison and Ilan Neuberger, Sudden Stops and the Mexican Wave: Currency Crises, Capital Flow Reversals and Output Loss in Emerging Markets, April 2002.

513. Rasmus Fatum and Michael M. Hutchison, Is Foreign Exchange Market Intervention an Alternative to Monetary Policy?  Evidence from Japan, March 2002

512. Joshua Aizenman. Financial Opening: Evidence and Policy Options, April 2002.

511. Rasmus Fatum and Michael M. Hutchison. ECB Foreign Exchange Intervention and the EURO: Institutional Framework, News and Intervention, February 2002.

510. Rasmus Fatum and Michael M. Hutchison. Is Sterilized Foreign Exchange Intervention Effective After All? An Event Study Approach, August 2001.

509. Michael M. Hutchison and Ilan Neuberger. How Bad Are Twins? Output Costs of Currency and Banking Crises, January 2002.

508. Alessandra Cassar. Coordination and Cooperation in Local, Random and Small World Networks: Experimental Evidence, January 2002.

507. Nirvikar Singh.    Information Technology as an Engine of Broad-Based Growth in India, February 2002.


506. Huibin Yan.  Uniqueness in Random-Proposer Multilateral Bargaining, September 2001.

505.  Huibin Yan. Noncooperative Selection of the Core, August 2001.

504. Joshua Aizenman and Nancy Marion. The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty, November 2001.

503. Nirvikar Singh and Alan Richards. Inter State Water Disputes in India: Institutions and Policies, October 2001.

502. Gaofeng Han, Kaliappa Kalirajan and Nirvikar Singh. Productivity and Economic Growth in East Asia: Innovation, Efficiency and Accumulation, October 2001.

501. Ron Alquist and Menzie Chinn. The Euro and the Productivity Puzzle: An Alternative Interpretation, October 2001.

500. Donald Wittman. War or Peace?" October 2001.

499. Donald Wittman. A Valence Model of Elections and the Median-Crossing Property: A Diagrammatic Exposition, October 2001.

498. Menzie Chinn. Menu Costs and Nonlinear Reversion to Purchasing Power Parity among Developed Countries, October 2001.

497. P. R. Agenor, J. Aizenman and A. Hoffmaister. Contagion, Bank Lending Spreads, and Output Fluctuations, June 1999.

496. Joshua Aizenman. Endogenous Pricing to Market and Financing Costs,  August 2001.

495. Joshua Aizenman and Stephen J. Turnovsky. Reserve Requirement on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors? March 2001.

494. Joshua Aizenman. Capital Controls and Financial Crises, May 2001.

493. Joshua Aizenman and Ricarso Hausmann. Exchange Rate Regimes and Financial-Market Imperfections, July 2001.

492. Joshua Aizenman and Nancy Marion. Reserve Uncertainty and the Supply of International Credit, July 2001.

491. Joshua Aizenman. Capital Mobility in a Second Best World- Moral Hazard with Costly Financial Intermediation, May 2001.

490. Menzie Chinn, Michael LeBlanc and Olivier Coibion , "The Predictive Characteristics of Energy Futures: Recent Evidence for Crude Oil, Natural Gas, Gasoline and Heating Oil, October 2001.

489. Reuven Glick and Michael M. Hutchison, Capital Controls and Exchange Rate Instability in Developing Economies, December 2000.

488. Reuven Glick and Michael M. Hutchison, Banking and Currency Crises: How Common are Twins? January 2001.

487. Michael M. Hutchison and U. Michael Bergman, Northern Light: Does Optimal Currency Area Criteria Explain Nordic Reluctance to Join EMU?".

486. Michael M. Hutchison and Ilan Neuberger, Output Costs of Currency and Balance of Payments Crises in Emerging Markets, September 2001.

485. Michael M. Hutchison, A Cure Worse than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs, May 2001.

484. M. Govinda Rao and Nirvikar Singh, "Federalism in India: Political Economy and Reform, September 2001.

483. Nirvikar Singh.  The Impact of International Labor Standards: A Survey of Economic Theory, October 2001.

482. Eiji Fujii and Menzie Chinn. Fin de Siècle Real Interest Parity, September 2001.

481. Rashmi Shankar. Growth Effects in a Stochastic Model of Currency Crisis, September 2001.

480. Frank Westermann and Yin-Wong Cheung. Sectoral Trends and Cycles in Germany, August 2001.

479. Donald Wittman. Rational Voters and Political Advertising, June 2001.

478. Donald Wittman. Candidate Quality, Pressure Group Endorsements, and Uninformed Voters, June 2001.

477. Robert Dekle and Kenneth Kletzer. Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia, April 2001.

476. Yin-Wong Cheung. "Hong Kong Output Dynamics: An Empirical Analysis, March 2001.

475. Yin-Wong Cheung and Eiji Fujii. A Note on the Power of Money-Output Causality Tests, March 2001.

474. Phillip McCalman. Multi-lateral Trade Negotiations and the Most Favored Nation Clause,  January 2001.


473. Yin-Wong Cheung & Frank Westermann. Equity Price Dynamics Before and After the Introduction of the Euro: A Note. December 2000.

472. Phillip McCalman. Protection for Sale and Trade Liberalization: An Empirical Investigation, November 2000.

471. Kenneth Kletzer & Mark Spiegel. Sterilization Costs and Exchange Rate Targeting, April 2000.

470. Kenneth Kletzer & Ashoka Mody. Will Self-protection Policies Safeguard Emerging Markets from Crisis?" February 2000.

469. Kenneth Kletzer. "The Effectiveness of Self-Protection Policies for Safeguarding Emerging Market Economies from Crises", February 2000.

468. Kenneth Kletzer and Jurgen von Hagen. Monetary Union and Fiscal Federalism, January 2000.

467. Menzie Chinn and Kenneth Kletzer. International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information, January 2000.

466. Nirvikar Singh and Donald Wittman. Contests Where There is Variation in the Marginal Productivity of Effort, August 2000.

465. Nirvikar Singh and Donald Wittman. Implementation with Partial Verification, August 2000.

464. K.C. Fung and Chelsea C. Lin. Political Economy of Strategic Trade Policy: Menu-Auctions with Imperfect Competition, October 2000.

463. Alan Richards and Nirvikar Singh. No Easy Exit: Property Rights, Markets, and Negotiations over Water, September 2000.

462. Donald Wittman. Lay Juries Versus Professional Arbitrators and the Arbitrator Selection Hypothesis, July 2000.

461. Robert W. Fairlie and Bruce D. Meyer. The Effect of Immigration on Native Self-Employment, January 2000.

460. Menzie D. Chinn and Guy Meredith. Testing Uncovered Interest Parity at Short and Long Horizons, July 2000.

459. Donald Wittman. The Wealth and Size of Nations, March 2000.

458. Menzie. D. Chinn, "The Empirical Determinants of the Euro: Short and Long Run Perspectives, April 2000.

457.  Yin-Wong Cheung and Menzie D. Chinn, Currency Traders and Exchange Rate Dynamics: A Survey of the U.S. Market,  January 2000.

455. Daniel Friedman and Joel Yellin. Castles in Tuscany: The Dynamics of Rank Dependent Consumption, May 2000.