NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Maurice Obstfeld

Contact and additional information for this authorAll publicationsWorking Papers only

Books

Financial Policies and the World Capital Market: The Problem of Latin American Countries
with Pedro Aspe Armella, Rudiger Dornbusch
Published in 1983 by University of Chicago Press
© 1983 by the National Bureau of Economic Research

Working Papers and Chapters

April 2014The Euro and The Geography of International Debt Flows
with Galina Hale: w20033
December 2013The International Monetary System: Living with Asymmetry
in Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century, Robert C. Feenstra and Alan M. Taylor, editors
March 2012Does the Current Account Still Matter?
w17877
December 2011The International Monetary System: Living with Asymmetry
w17641
September 2011International Liquidity: The Fiscal Dimension
w17379
July 2011Stories of the Twentieth Century for the Twenty-First
with Pierre-Olivier Gourinchas: w17252
March 2009Time of Troubles: The Yen and Japan's Economy, 1985-2008
w14816
Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008
with Jay C. Shambaugh, Alan M. Taylor: w14826
February 2009International Finance and Growth in Developing Countries: What Have We Learned?
w14691
August 2008Financial Stability, the Trilemma, and International Reserves
with Jay C. Shambaugh, Alan M. Taylor: w14217
May 2007The Unsustainable U.S. Current Account Position Revisited
with Kenneth Rogoff
in G7 Current Account Imbalances: Sustainability and Adjustment, Richard H. Clarida, editor
November 2006Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate
w12699
November 2004The Unsustainable US Current Account Position Revisited
with Kenneth Rogoff: w10869
October 2004External Adjustment
w10843
Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies
w10849
March 2004Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar period
with Jay C. Shambaugh, Alan M. Taylor: w10393
The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility
with Jay C. Shambaugh, Alan M. Taylor: w10396
February 2004Monetary and Fiscal Remedies for Deflation
with Alan Auerbach: w10290
July 2003The Case for Open-Market Purchases in a Liquidity Trap
with Alan J. Auerbach: w9814
January 2003Globalization and Capital Markets
with Alan M. Taylor
in Globalization in Historical Perspective, Michael D. Bordo, Alan M. Taylor and Jeffrey G. Williamson, editors
November 2002Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31
with Alan M. Taylor: w9345
August 2002Exchange Rates and Adjustment: Perspectives from the New Open Economy Macroeconomics
w9118
March 2002Globalization and Capital Markets
with Alan M. Taylor: w8846
July 2001International Macroeconomics: Beyond the Mundell-Fleming Model
w8369
January 2001The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
with Kenneth Rogoff
in NBER Macroeconomics Annual 2000, Volume 15, Ben S. Bernanke and Kenneth Rogoff, editors
August 2000Do We Really Need a New International Monetary Compact?
with Kenneth Rogoff: w7864
July 2000The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
with Kenneth Rogoff: w7777
August 1999Europe's Gamble
r2241
EMU: Ready, or Not?
w6682
New Directions for Stochastic Open Economy Models
with Kenneth Rogoff: w7313
June 1999Open-Economy Macroeconomics, Developments in Theory and Policy
w6319
Regional Nonadjustment and Fiscal Policy: Lessons for EMU
with Giovanni Peri: w6431
May 1999The Great Depression as a Watershed: International Capital Mobility over the Long Run
with Alan M. Taylor: w5960
March 1999A Strategy for Launching the Euro
w6233
August 1998Risk and Exchange Rates
with Kenneth Rogoff: w6694
May 1998The Global Capital Market: Benefactor or Menace?
w6559
February 1998Destabilizing Effects of Exchange-Rate Escape Clauses
w3603
January 1998The Great Depression as a Watershed: International Capital Mobility over the Long Run
with Alan M. Taylor
in The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, Michael D. Bordo, Claudia Goldin and Eugene N. White, editors
July 1997Saving, Investment, and Gold: A Reassessment of Historical Current Account Data
with Matthew T. Jones: w6103
June 1997Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
with Alan M. Taylor: w6053
February 1997Models of Currency Crises with Self-Fulfilling Features
w5285
April 1996The Intertemporal Approach to the Current Account
with Kenneth Rogoff: w4893
March 1996International Capital Mobility in the 1990s
w4534
Exchange Rate Dynamics Redux
with Kenneth Rogoff: w4693
July 1995The Mirage of Fixed Exchange Rates
with Kenneth Rogoff: w5191
January 1995Evaluating Risky Consumption Paths: The Role of Intertemporal Substitutability
t0120
Risk-Taking, Global Diversification, and Growth
w4093
November 1994Are Industrial-Country Consumption Risks Globally Diversified?
w4308
September 1994The Logic of Currency Crises
w4640
January 1993The Adjustment Mechanism
w3943
International Adjustment with Habit-Forming Consumption: A Diagrammatic Exposition
w4094
The Adjustment Mechanism
in A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, Michael D. Bordo and Barry Eichengreen, editors
June 1992Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach
with Kenneth A. Froot: w2835
March 1992Intrinsic Bubbles: The Case of Stock Prices
with Kenneth A. Froot: w3091
December 1991Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
with Harold L. Cole: w3027
August 1991Stochastic Process Switching: Some Simple Solutions
with Kenneth A. Froot: w2998
February 1991The Effectiveness of Foreign-Exchange Intervention: Recent Experience
w2796
January 1991A Model of Currency Depreciation and the Debt-Inflation Spiral
r1498
Intertemporal Dependence, Impatience, and Dynamics
w3028
January 1990The Effectiveness of Foreign-Exchange Intervention: Recent Experience, 1985- 1988
in International Policy Coordination and Exchange Rate Fluctuations, William H. Branson, Jacob A. Frenkel, and Morris Goldstein, editors
November 1989How Integrated are World Capital Markets? Some New Tests
w2075
October 1989Optimal Time-Consistent Fiscal Policy with Uncertain Lifetimes
with Guillermo A. Calvo: w1593
Fiscal Deficits and Relative Prices in a Growing World Economy
w2725
March 1989Peso Problems, Bubbles, and Risk in the Empirical Assessment of Exchange-Rate Behavior
w2203
Competitiveness, Realignment, and Speculation: The Role of Financial Markets
w2539
February 1989Dynamic Seigniorage Theory: An Exploration
w2869
December 1988International Finance
w2077
February 1988Exchange-Rate Dynamics and Optimal Asset Accumulation Revisited
t0064
April 1987Capital Flows, the Current Account, and the Real Exchange Rate: Consequences of Liberalization and Stabilization
w1526
Ruling Out Nonstationary Speculative Bubbles
with Kenneth Rogoff: w1601
December 1986Floating Exchange Rates: Experience and Prospects
r0792
September 1986Capital Mobility in the World Economy: Theory and Measurement
w1692
August 1986Capital Controls, The Dual Exchange Rate, and Devaluation
w1324
July 1986Speculative Attack and the External Constraint in a Maximizing Model of the Balance of Payments
w1437
June 1986Rational and Self-Fulfilling Balance-of-Payments Crises
w1486
1986Capital Flows, the Current Account, and the Real Exchange Rate: Some Consequences of Stabilization and Liberalization
in Economic Adjustment and Exchange Rates in Developing Countries, Sebastian Edwards and Liaquat Ahamed, eds.
December 1985The Capital Inflows Problem Revisited: A Stylized Model of Southern Cone Disinflation
w1456
April 1985Exchange-Rate Dynamics
with Alan C. Stockman: w1230
February 1985International Interest-Rate and Price-Level Linkages Under Flexible Exchange Rates: A Review of Recent Evidence
with Robert E. Cumby: w0921
December 1984Exchange Rate Dynamics With Sluggish Prices Under Alternative Price-Adjustment Rules
with Kenneth Rogoff: w1173
July 1984Balance-of-Payments Crises and Devaluation
w1103
March 1984Capital Mobility and the Scope for Sterilization: Mexico in the 1970s
with Robert E. Cumby: w0770
1984Inflation, Real Interest, and the Determinacy of Equilibrium in an Optimizing Framework
w0723
International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence
with Robert E. Cumby
in Exchange Rate Theory and Practice, John F. O. Bilson and Richard C. Marston, eds.
October 1983Intertemporal Price Speculation and the Optimal Current-Account Deficit
w1100
August 1983Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?
with Kenneth Rogoff: w0855
July 1983Two-Step Two-Stage Least Squares Estimation in Models with Rational Expectations
with Robert E. Cumby, John Huizinga: t0011
June 1983Exchange Rates, Inflation and the Sterilization Problem: Germany, 1975-1981
w0963
1983Front matter, table of contents
with Pedro Aspe Armella, Rudiger Dornbusch
in Financial Policies and the World Capital Market: The Problem of Latin American Countries, Pedro Aspe Armella, Rudiger Dornbusch, and Maurice Obstfeld, eds.
Introduction to "Financial Policies and the World Capital Market: The Problem of Latin American Countries"
with Pedro Aspe Armella, Rudiger Dornbusch
in Financial Policies and the World Capital Market: The Problem of Latin American Countries, Pedro Aspe Armella, Rudiger Dornbusch, and Maurice Obstfeld, eds.
Capital Mobility and the Scope for Sterilization: Mexico in the 1970s
with Robert E. Cumby
in Financial Policies and the World Capital Market: The Problem of Latin American Countries, Pedro Aspe Armella, Rudiger Dornbusch, and Maurice Obstfeld, eds.
List of Contributors, Indexes
with Pedro Aspe Armella, Rudiger Dornbusch
in Financial Policies and the World Capital Market: The Problem of Latin American Countries, Pedro Aspe Armella, Rudiger Dornbusch, and Maurice Obstfeld, eds.
November 1982Relative Prices, Employment, and the Exchange Rate in an Economy with Foresight
w0685
July 1982Can We Sterilize? Theory and Evidence
w0833
May 1982The Capitalization of Income Streams and the Effects of Open Market Policy under Fixed Exchange Rates
w0528
1982Transitory Terms-of-Trade Shocks and the Current Account: The Case of Constant Time Preference
w0834
December 1981Macroeconomic Policy, Exchange-Rate Dynamics, and Optimal Asset Accumulation
w0599
November 1981Exchange-Rate Expectations and Nominal Interest Differentials: A Test ofthe Fisher Hypothesis
with Robert E. Cumby: w0537
June 1981Aggregate Spending and the Terms of Trade: Is There a Laursen-Metzler Effect?
w0686
May 1981Intermediate Imports, the Terms of Trade, and the Dynamics of the Exchange Rate and Current Account
w0540
December 1980Imperfect Asset Substitutability and Monetary Policy under Fixed Exchange Rates
w0485
October 1980Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations
w0557
June 1980Sterilization and Offsetting Capital Movements: Evidence from West Germany, 1960-1970
w0494

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