Recent Research Interests

My research interests lie mainly in the fields of international finance and international macroeconomics. While we live in an era of so-called globalizing economy, there are various puzzles and anomalies regarding how markets are organized and prices function to allocate resources across countries. To better understand them, I have conducted empirical research on real exchange rate dynamics, currency misalignment, and real and financial market integration.

Selected Publications

  • “What Does Trade Openness Measure?” Oxford Bulletin of Economics and Statistics, v.81, n.4, pp.868-888, August 2019.
  • “The Penn Effect within a Country: Evidence from Japan” (with Yin-Wong Cheung) Oxford Economic Papers, v. 66, pp. 1070-1089, October 2014.
  • “The Overvaluation of Renminbi Undervaluation” (with Yin-Wong Cheung and Menzie Chinn) Journal of International Money and Finance, v. 26, n. 5, September 2007, pp. 762-85.
  • “Intra and Inter-Regional Causal Linkages of Emerging Stock Markets: Evidence from Asia and Latin America in and out of Crises” Journal of International Financial Markets, Institutions & Money, v. 15, n. 4, October 2005, pp. 315-342.

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