CURRICULUM
VITAE
May,
2000
Merrill
Lynch, Chairman,
&
Vice Chairman,
Merrill Lynch International, Inc.
Address: Merrill
Lynch Tel: +44-(0)20-7867-4710
Ropemaker Place, 10th
Floor Fax: +44-(0)20-7867-3012
25
Ropemaker Street E-mail: jacob_frenkel@ml.com
London EC2Y 9LY
United Kingdom
Date
and Place of Birth: February 8, 1943, Tel‑Aviv, Israel
Marital
Status: Married + two children
Academic
Training:
1963‑65 Undergraduate studies, Economics and
Political Science, Hebrew University,
Israel.
1966‑67 Graduate studies, Economics, Hebrew
University, Israel.
1968‑70 Graduate studies, Economics, University of
Chicago.
Degrees:
1966 BA, Economics and Political Science, Hebrew
University, Israel.
1969 MA, Economics, University of Chicago.
1970 PhD, Economics, University of Chicago.
Positions:
1967 Maurice Falk Institute for Economic Research in Israel, Jerusalem, Israel.
1970-71 Assistant Professor of International Economics and Finance, Graduate School of Business, University of Chicago.
1971-73 Senior Lecturer in Economics, Department of Ecnomics, Tel Aviv University, Israel.
1972-73 Adjunct Senior Lecturer in Economics, Department of Economics, Hebrew University of Jerusalem, Israel.
1973-74 Assistant Professor, Department of Economics, University of Chicago.
1974-78 Associate Professor, Department of Economics, University of Chicago.
1979-82 Professor, Department of Economics, University of Chicago.
1982-90 David Rockefeller Professor of International Economics, Department of Economics, University of Chicago.
1980 Summer-Visiting Professor, Centro de Estudios Macroeconomicos de Argentina (CEMA), Buenos Aires, Argentina
1980 Fall-Visiting Professor, Department of Economics, Tel Aviv University, Israel.
1983 Fall-Visiting Professor, Department of Economics, Tel AvivUniversity, Israel.
1984 Summer-Visiting Professor, Advanced Studies in International Economic Policy.
1985 Summer-Visiting Professor, Department of Economics, Tel Aviv University, Israel.
1986 Summer-Visiting Professor, Advanced Studies in International Economic Policy Research, Institute fur Weltwirschaft, Kiel, Germany.
1987-91 Economic Counsellor and Director of Research, International Monetary Fund.
1991-94 Professor, Department of Economics, Tel Aviv University, Israel.
1994 - Weisfeld Professor of the Economics of Peace and International Relations, Berglas School of Economics, Tel Aviv University, Israel
1991-2000 Governor of the Bank of Israel. (Reappointed to second term in 1996).
2000 Chairman, Sovereign Advisory Group and Global Financial Institutions Group & Vice-Chairman, Merrill Lynch International, Inc.
Professional Activities, Honors and Decorations:
1975‑84 Editor, Journal of Political Economy.
1977‑84 Advisory Council Carnegie‑Rochester Conference Series on Public Policy.
1978‑84 Editorial Board, Journal of Monetary Economics.
1978 Research Associate, National Bureau of Economic Research.
1978 Fall‑‑Honorary Research Associate, Department of Economics, Harvard University.
1979 Member Program Committee, the Econometric Society.
1980 Advisor in Economics to Harvard University Press.
1980-87 Advisory Editor, Economics Letters.
1980 Guest Participant, the Securities Group International Monetary Advisory Board.
1980‑82 Member, National Science Foundation Economics Advisory Panel.
1981 Consultant‑‑The Bank of Israel.
1981 Consultant‑‑Argentine Bankers Association (ADEBA).
1981‑86 Consultant - The International Monetary Fund.
1981 Program Chairman, National Bureau of Economic Research Universities Research Conference on Exchange Rates and International Macroeconomics.
1981 Delivered the Henry Thornton Lecture, The City University, Centre for Banking , London.
1981 Member, Advisory Committee for the International Seminar on
1981-87 Macroeconomics (ISOM) Maison des Sciences de LHomme and NBER.
1982‑ Fellow, The Econometric Society.
1983‑85 Fellow, Mortimer and Raymond Sackler Institute of Advanced Studies,Tel‑Aviv University, Israel.
1984-86 Consultant - The World Bank
1984-87 Member, Advisory Committee for Studies on Debts and Development and Trade Finance, United Nations, Commission for Latin America.
1984- Member, Advisory Committee, Institute for International Economics (IIE), Washington, D.C.
1985 Program Chairman National Bureau of Economic Research Universities Research Conference on International Aspects of Fiscal Policies.
1985-90 Member, Editorial
Advisory Board, The International Trade Journal.
1985-90 Board of Editors, Journal of International Economics and Economic Integration .
1985-88 Board of Editors, American Economic Review.
1986 Member, Editorial Advisory Board, Analisis Economics.
1986 Member program Committee, Annual Meetings of the American Economic Association.
1986 Delivered the Frank D. Graham Memorial Lecture, Princeton University.
1987-94 Member, Advisory Committee, Israel International Institute for Applied Economic Policy Review (III).
1987-94 Member Advisory Board, Journal of Economic Perspectives.
1988 Delivered the Harry G. Johnson Lecture, Oxford University.
1988 Delivered the Miguel Sidrauski Lecture, 8th Latin American Meeting of the Econometric Society, San Jose, Costa Rica.
1988-98 Member, Advisory Board, David Horowitz Institute for the Research of Developing Countries, Tel Aviv University, Israel.
1988- Member, Group of Thirty and Member of the Program Committee.
1989- Associate Editor, Journal of International Financial Markets, Institutions and Money.
1990- Honorary member of the Scientific Committee, Research Center, Bank of France.
1990-95 Member, Executive Committee, Center for Economic Policy Research (CEPR), London, United Kingdom.
1991- Member, The G7 Council (G-7C) and Member of the Streeing and Program Committee.
1991 Delivered the L.K Jha Memorial Lecture, Reserve Bank of India, Bombay, India.
1991- Member, Academic Advisory Board, The Central European University (CEU), Prague.
1992 -96 Co-Chairman, Israeli Delegation Middle East, Multilateral Peace Talks on Regional Economic Delvelopment.
1992 Member, Advisory Board, World Economic Development Congress, Washington, D.C., U.S.A.
1992 - Member, Board of Governors, Ben Gurion University, Israel
1993-98 Member, Executive Committee, The Pinhas Sapir Centre for Development, Tel Aviv University, Israel.
1993- Distingushed Member, Advisory Committee, Institute for Global Economics (IGE), Seoul, Korea.
1993- Honorary President, Israel Association for Graduates in the Social Sciences and Humanities. (reappointed to second term, 1997).
1994 - Member, Board of Governors, The Academic College of Tel Aviv-Yaffo, Israel
1995-96 Chairman, Board of Governors, Inter-American Development Bank (IDB).
1996- Foreign Honorary Member of the American Academy of Arts and Sciences (AAAS).
1997 - Member, International Board of Governors, The Peres Center for Peace, Israel
1997 - Honorary Member, Japan Society of Monetary Economics (JSME).
1997 Karel Englis Prize in Economics, Prague, The Czech Republic.
1998 Recipient of the
"Orden de mayo al Merito" (in the rank
of Gran Cruz) Decoration from the Goverment of Argentina.
1998 Delivered the 21st Frank M. Engle Lecture in Economic Security, The
American College.
1999 Member of the Executive Committee and Treasurer of the International Economic
Association (IEA).
1999 Delivered the 2nd Jacque de Larosiere Lecture, European
Bank for Reconstruction and Development (EBRD).
1999-2000 Vice Chairman, Board of Governors, European Bank for Reconstruction and Development (EBRD).
1999 Doctor of Philosophy Honoris Causa from the University of Haifa, Israel
1999 Delivered the 1st Itzhak Modai Lecture, The Technion, Haifa, Israel
1999 Delivered the Aharon Katzir Memorial Lecture, Tel- Aviv University and the Israeli Academy of Sciences.
1999 Member, Advisory Committee, Shmuel Neeman Institute for Advance Reserch Science and Technology.
1999 Member of the Board of the European Union/Israel Forum.
1999 Member- Friends Association of the Shaanan Teachers College, Haifa Israel.
1999 Ot Hanagid Merit Award , Shaare Zedek Medical Center, Jerusalem.
1999 Merit Award for Economic Leadership and Contributions to the Israeli Economy, The Industry and Commerce Club, Israel
1999 YUVAL Dignitary Decoration granted by Yuval, the Israeli Ansemble for Liturgy and Jewish Music.
1999Member of the Honorary Advisory Board, Amutat "Shalom Beinenu"
2000 Merit Award for Contributions to the Israeli Economy, Chief Financial Officers Forum, Israel.
2000 Merit Award for Contributions to the State of Israel, the American Committee for Shaare Zedek Jerusalem Medical Center.
2000 Recipient of the Jerusalem-Fellow Decoration, the City of Jerusalem.
2000 Hugo Ramniceanu Prize in Economics, Tel-Aviv University, Israel.
2000 Doctor of Philosophy Honoris Causa from Ben-Gurion University, Israel.
Publications:
The
Economics of the Sector Owned by Organized Labor
(et al. authors), Tel‑Aviv: Institute for Economic Research of the
Histaudrut (Hebrew; original title: Meshek Haovdim), 1964.
Macroeconomics:
Lecture Notes (ed. with A. Ofer), Tel‑Aviv: Mifal
Hashichpul Hebrew University, Tel‑Aviv branch (Hebrew), 1965.
The
Monetary Approach to the Balance of Payments (ed. with H.G.
Johnson), London: Allen & Unwin, and Toronto: University of Toronto Press,
1976. Paperback edition, 1977.
The
Economics of Exchange Rates: Selected Studies (ed. with H.G.
Johnson), Reading, MA: Addison‑Wesley, 1978. Paperback edition, 1978.
International
Economic Policy: Theory and Evidence (ed. with R.
Dornbusch), Baltimore, Maryland: Johns Hopkins University Press, 1979. Paperback edition, 1979.
Exchange
Rates and International Macroeconomics (ed.), Chicago, IL:
University of Chicago Press, 1983.
Paperback edition 1986.
The
World Economic System: Performance and Prospects
(ed. with M. Mussa), Dover, MA: Huburn House Publishing Company, 1984.
Fiscal Policies
and the World Economy (with A. Razin), Cambridge, MA:
MIT Press, 1987. Paperback edition, 1988; Revised Japanese edition, 1991.
Second edition, 1992. Revised Spanish edition appeared as La Politica Fiscal
y la Economica Mundial, Alianza Editorial, Madrid. 1992.
International
Aspects of Fiscal Policies (ed.), Chicago, IL: University of
Chicago Press, 1988.
Analytical
Issues in Debt (ed. with M. Dooley and P. Wickham),
Washington, D.C.: International Monetary Fund, 1989.
Macroeconomic
Policies in an Interdependent World (ed. with R. Bryant,
D. Currie, P. Masson, and R. Portes), Washington, D.C.: International Monetary Fund, 1989.
International
Policy Coordination and Exchange Rate Fluctuations
(ed. with W. Branson and M. Goldstein), Chicago, IL: University of Chicago
Press, 1990.
International Financial Policy: Essays in Honor of Jacques J. Polak (ed. with M. Goldstein), Washington, D.C.: International Monetary Fund and De Nederlandsche Bank, l99l.
International
Taxation in an Integrated World (with A. Razin and E.
Sadka), Cambridge, MA: MIT Press, 1991.
The
International Monetary System: Key Analytical Issues
(ed. with M. Goldstein), 2 Volumes, Washington, D.C.: International Monetary
Fund , 1996.
Fiscal
Policies and Growth in the World Economy, third edition, (with
A. Razin and C. Yuen) MIT Press, 1996.
Optimum
Currency Areas: New Analytical and Policy Developments (ed.
with M. Blejer, L. Leiderman and A. Razin), Washington D.C.: International
Monetary Fund, 1997.
Economic
Stablization and Transformation in the Era of Globalization, The 1997 Karel Englis Prize, Brno, Masaryk
University, 1999.
II. ARTICLES
1. "The
Theoretical Implications of the Assumptions Used by the Institute for the Study
of Incomes and Productivity," Manuscript, Hebrew University of Jerusalem, 1967 (Hebrew).
2. "Hume's
Price Specie Flow and the Distribution of Wealth in the World
Economy," Center For
Mathematical Studies in Business and Economics,University of Chicago,
Report No. 7062, December 1970.
3. "Capital
Mobility, Wealth Effects and Macroeconomic Policy," presented at the Chicago
Symposium on Trade, Growth and the Balance of Payments, University of Chicago,
December 1970.
4. "A
Theory of Money, Trade and the Balance of Payments in a Model of
Accumulation," Journal of
International Economics I, No. 2, May 1971.
5. "On
Domestic Demand and Ability to Export," Journal of Political Economy
79, No. 3, May/June l97l.
6. Notes
on Assets and Debt‑Service in an Open Economy" (with R. Dornbusch), Center
for Mathematical Studies in Business and Economics, University of
Chicago, Report No. 7113, May 1971.
7. Aspects of Adjustment Policies and Mechanisms
During the 1847 Crisis in Britain"
(with R. Dornbusch), Economic History
Workshop, University of Chicago, Report No. 7172‑3, October 1971.
8. "International
Capital Movements along Balance Growth Paths: Comments and Extentions"
(with S. Fischer), Economic Record XLVIII, June 1972.
9. "The
Nature of the Equilibrium of the Interest Parity Theory," Kyklos
XXV. No. 2, 1972.
10. "Regulation
and Excess Demand: A General Equilibrium Approach" (with P. Pashigian), Journal of Business 45, July
1972.
11. "Tariffs,
Subsidies and Community Indifference Curves," Southern Economic Journal XXXIX, No. 1, July 1972.
12. "Investment,
the Two‑Sector Model and Trade in Debt and Capital Goods" (with S. Fischer), Journal of
International Economics II, No. 3, August 1972. Reprinted in J. Bhagwati
(ed.) International Trade: Selected Readings, Cambridge, MA: MIT Press,
1981, second edition, 1987.
13.
"Money Wealth and the Balance of Payments
in a Model of Accumulation," Abstract of doctoral dissertation, Journal
of Finance XXVII, No. 5, December 1972.
14.
"Inflation and Economic Growth: Alternative
Approaches" (with R.Dornbusch), Journal of Money, Credit and Banking V, No. 1, Part I, February 1973.
15.
"Elasticities and the Interest Parity
Theory," Journal of Political Economy 81, No. 3, May/June
1973.
16.
"The International Monetary System and the
Role of the Dollar," The Economics Quarterly No. 77, Am Oved,
Tel-Aviv, April 1973, Pp. 76-83 (Hebrew).
17.
"Economic Growth and Stages of the Balance
of Payments: A Theoretical Model" (with S. Fischer), in G. Horwich and
P.A. Samuelson (eds.), Trade Stability and Macroeconomics: Essays in Honour
of L.A. Metzler, New York: Academic Press, 1974.
18.
"Openness and the Demand for International
Reserves," in R.Z. Aliber (ed.), National Monetary Policies and the
International Financial System, University of Chicago Press, 1974.
19.
"The Demand for International Reserves by
Developed and Less‑Developed Countries," Economica 41, No.
161, February 1974.Reprinted in theUSIA Economic Portfolio.
20.
"Non‑Traded Goods and Immiserizing
Growth" (with A. Razin), Economic Record 50, No. 130, June 1974.
21.
"Interest Rate Equalization and Patterns of
Production Trade and Consumption in a Two‑Country Growth Model" (with
S. Fischer), Economic Record 50, December 1974. "Errata," Economic
Record 51, September 1975.
22.
"Variable Factor Supplies and the
Production Possibility Frontier"
(with A. Razin), Southern Economic Journal 41, No. 3, January
1975.
23.
"More on Tariffs vs. Subsidies," Kyklos
XXVIII, Fasc. 1, 1975.
24.
"Covered Interest Arbitrage: Unexploited
Profits?" (with R. Levich), Journal
of Political Economy 83, No. 2, April 1975. Reprinted in R. MacDonald and M. Taylor (eds.) Exchange
Rate Economics, Vol. II, London: Edward Edgar Publishing Limited, 1992.
25.
"Comments on the Phenomenon of Worldwide
Inflation: A Study in Interna- tional Market Integration," in D.I.
Meiselman and A.B. Laffer (ed.) The Phenomenon of Worldwide Inflation,
American Enterprise Institute,
Washington, D.C., 1975.
26.
"Wealth Effects and the Dynamics of
Inflation," (with C. Rodriguez), Journal
of Money, Credit and Banking VII, No. 2, May 1975.
27.
"Reflections on European Monetary
Integration," WeltwirtschaftlichesArchive 111, No. 2, 1975.Reprinted
in UMBC Economic Review XI, No.2, 1975 and in Business Standard,
Calcutta, Annual, 1981.
28.
"Portfolio Equilibrium and the Balance of
Payments: A Monetary Approach" (with C. Rodriguez), American Economic
Review LXV, No. 4, September 1975.
Reprinted in the USIA Economic Portfolio. A Spanish translation appeared as "Equilibrio en la
Seleccion de Activos y Balanza de Pagos: Un Enfoque Monetario," Revista
Espanola deEconomica VI, No. 3, September/December 1976.
29.
"Inflation and the Formation of Expectations,"
Journal of Monetary Economics 1, No. 4, October 1975.
30.
"Inflationary Expectations and Some Dynamic
Aspects of the Welfare Cost," in
M. Parkin and G. Zis (eds.), Inflation in the World Economy,
Manchester: Manchester University
Press, 1976.
31.
"Adjustment Mechanisms and the Monetary
Approach to the Balance of Payments: A
Doctrinal Perspective," in E. Claassen and P. Salin (eds.), Recent
Issues in International Monetary Economics, Amsterdam: North‑Holland,
1976.
32.
"Preface" (with H.G. Johnson) in J.A. Frenkel and H.G.
Johnson (eds.), The Monetary Approach to the Balance of Payments,
London: Allen & Unwin and Toronto: University of Toronto Press, 1976.
33.
"The Monetary Approach to the Balance of Payments: Essential
Concepts and Historical Origins," (with H.G. Johnson) in J.A. Frenkel and
H.G. Johnson (eds.), The Monetary Approach to the Balance of Payments,
London: Allen & Unwin and Toronto: University of Toronto Press, 1976.
34.
"A
Dynamic Analysis of the Balance of Payments in a Model of Accumulation," in J.A. Frenkel and H.G.
Johnson (eds.), The Monetary Approach to the Balance of Payments,
London: Allen & Unwin and Toronto: University of Toronto Press, 1976.
35.
"Some Dynamic Aspects of the Welfare Cost of Inflationary
Finance," in R.I. McKinnon (ed.), Money and Finance in Economic Growth,
Essays in Honor of E.S. Shaw, New York: Marcel Dekker, Inc., 1976 [a modified
version of (30) above].
36.
"An
Analysis of the Conditions Necessary for a Return to Greater Fixity of Exchange
Rates," Report for the Department of State, U.S. Government, Contract No.
1722‑520100, April 1977.
37.
"A
Monetary Approach to the Exchange Rate: Doctrinal Aspects and Empirical
Evidence," Scandinavian Journal of Economics 78, No. 2, May
1976. Reprinted in J. Herin, A. Lindbeck
and J. Myhrman (eds.), Flexible Exchange Rates and Stabilization Policy,
London: Macmillan and Boulder: Westview Bros., 1977. Also reprinted in J.A. Frenkel
and H.G. Johnson (eds.), The Economics of Exchange Rates: Selected
Studies, Reading, MA: Addison‑Wesley, 1978, and in D.R. Lessard (ed.), International Financial Management:
Theory and Application, New York: Warren, Gorham and Lamont, 1979. An Italian translation appeared as "Un
Approccio Monetario al Tasso di Cambio: Aspecti Theorici ed Evidenza Empiricia'" in Cohen, Remi and
Giavazzi, Francesco (eds.), La Fluttuazione del Cambi: Modelli Theorici e
Regolarita Empiriche, Milano: Etas Libri, 1982. Reprinted in R. MacDonald and M. Taylor (eds.) Exchange
Rate Economics, Vol. I, London: Edward Edgar Publishing Limited, 1992.
38.
"The Forward Exchange Rate, Expectations and the Demand for
Money: The German Hyperinflation," American Economic Review 67, No.
4, September 1977.
39.
"Notes on Output and Expectations in the Process of
Inflation," (with C. Rodriguez), Weltwirtschaftliches Archiv 113,
No. 3, September 1977.
40.
"Transaction Costs and Interest Arbitrage: Tranquil versus
Turbulent Periods," (with R. Levich), Journal of Political Economy
85, No. 6 December 1977. Reprinted in
the USIA Economic Portfolio. Also
reprinted in D.R. Lessard (ed.), International Financial Management: Theory and Application, New York:
Warren, Gorham and Lamont, 1979. This is a condensed and revised version of an
earlier paper with the same title which appears in Proceedings of the
Seminar on the Analysis of Security Prices, Center for Research in Security
Prices, Graduate School of Business, University of Chicago, May 1976. Reprinted
in R. MacDonald and M. Taylor (eds.) Exchange Rate Economics, Vol.
II, London: Edward Edgar Publishing Limited, 1992.
41.
"Comments on International Exchange Rates and the
Macroeconomics of Open‑Economies,"
presented at the American Economic Association meetings, New York,
December 1977.
42.
"Some Personal Memories of Harry G. Johnson," presented
at the Harry G. Johnson Memorial Service, University of Chicago, February 1978.
43.
"Purchasing Power Parity: Doctrinal Perspective and Empirical
Evidence from the 1920's," Journal
of International Economics 8, No. 2, May 1978. Reprinted in R. MacDonald
and M.Taylor (eds.), Exchange Rate
Economics, Vol. II, London: Edward Elgar Publishing Limited,
1992.
44.
"International Exchange Rates and Macroeconomics of Open
Economies: Discussion," American Economic Review 68, No. 2, May
1978.
45.
"Preface," in J.A. Frenkel and H.G. Johnson (eds.), The
Economics of Exchange Rates: Selected Studies, Reading, MA: Addison‑Wesley,
1978.
46.
"International Reserves: Pegged Exchange Rates and Managed
Float," in K. Brunner and A.H.
Meltzer (eds.), Economic Policies in Open Economies, Vol. 9 of the Carnegie‑Rochester
Conference Series on Public Policy, a Supplementary Series to the Journal of
Monetary Economics, 1978.
47.
"`New Cambridge' Macroeconomics and Global Monetarism: A
Comment," in K. Brunner and A.H. Meltzer (eds.), Economic Policies in
Open Economies, Vol 9. of the
Carnegie‑Rochester Conference Series on Public Policy, a Supplementary
Series to the Journal of Monetary Economics, 1978.
48.
"Alternative Approaches to International Surveillance of
Exchange Rate Policies: Discussion," in Managed Exchange‑Rate
Flexibility: The Recent Experience, Conference Series No. 20, Federal
Reserve Bank of Boston, 1978.
49.
"Further Evidence on Expectations and the Demand for Money
During the German Hyperinflation," Journal of Monetary Economics 5,
No. 1, February 1979. Abstract in NBER
Reporter, Winter 1978.
50.
"Covered Interest Arbitrage and Unexploited Profits:
Reply," (with R. Levich), Journal of Political Economy 87, No. 2,
May 1979.
51.
"Transaction Costs and the Efficiency of
International Capital Markets: Tranquil versus Turbulent Periods," (with
R. Levich), in K. Brunner and J.J.M. Neumann (eds.), Inflation, Unemployment
and Monetary Policy 1973‑76, Berlin: Duncker and Humblot, supplement
to Kredit und Kapital, Heft 5, 1979. [A
modified version of (40) above.] Also
reprinted in Giorgio Szego and Marshall Sarnat (eds.), International Finance
and Trade, Vol. I, Cambridge, MA: Ballinger, 1979.
52.
"Comments on Exchange Rate Flexibility and Currency
Areas," in E.M. Claassen and P. Salin (eds.), Exchange Rate Regimes and
Currency Areas Zeitschrift fur Wirtschafts und zialwissenschaften 99, Heft
1/2, 1979.
53.
"Chicago's Contribution to International Monetary
Economics,"manuscript, University of Chicago, May 1979.
54.
"Preface" (with R. Dornbusch) in R. Dornbusch and J.A.
Frenkel (eds.), International Economic Policy: Theory and Evidence,
Baltimore, Maryland: Johns Hopkins University Press, 1979.
55.
"Dynamic Adjustment and the Demand for International
Reserves," (with J.F.O. Bilson), NBER, Working Paper Series, No. 497,
1979.
56.
"International Reserves: Adjustment Dynamics" (with
J.F.O. Bilson), Economics Letters
4, No. 3, 1979.
57.
"Efficiency and Volatility of Exchange Rates and Prices in
the 1970's," The Columbia Journal of World Business 14, No. 4,
Winter 1979.
58.
"The Demand for International Reserves Under Pegged and
Flexible Exchange Rate Regimes and Aspects of the Economics of Managed
Float,"in H. Frisch and Schwodianer (eds.), The Economics of Flexible
Exchange Rates, Berlin: Duncker and Humblot, supplement to Kredit und
Kapital, Heft 6, 1980. Also
reprinted in D. Bigman and T. Taya (eds.), The Functioning of Flexible Exchange
Rates: Theory Evidence and Policy Implications, Cambridge, MA: Ballinger, 1980, and in D.Bigman and T. Taya
(eds.), Floating Exchange Rates and the State of World Trade and Payments,
Cambridge, MA: Ballinger, 1984.
Abstract in NBER Reporter,
Winter 1980.
59.
"Harry G. Johnson" (with Jagdish N. Bhagwati), InternationalEncyclopedia
of the Social Science‑‑Biographical Supplement, New York: The
Free Press, 1980.
60.
"International Reserves Under Pegged Exchange Rates and
Managed Float: Corrections and Extentions," Journal of Monetary
Economics 6, No. 2, April 1980. "Erratum" Journal of Monetary
Economics 6, No. 4, October 1980.
61.
"The Efficiency of Foreign Exchange Markets and Measures
of Turbulence," (with M. Mussa), American
Economic Review 70, No. 2, May
1980. Reprinted in Commodity
Journal, 16, No. 5, July/August 1981. Also reprinted in USIA Economic
Portfolio. A Spanish translation appeared as "Eficiencia de los mercados
de divisas y medidas de inestabilidad cambiara," Cuadernos Economicos
de ICE Publicados por informacion comercial Espanola, No. 19, 1982.
62.
"Exchange Rates, Prices and Money: Lessons from the
1920's," American Economic Review 70, No. 2, May 1980. Abstract in NBER Reporter, Spring
1980.
63.
"Exchange Rates, Money and Relative Prices: The Dollar‑Pound in the
1920's," (with K.W. Clements), Journal
of International Economics 10, No.
2, May 1980. Abstract in NBER
Reporter, Spring 1980.
64.
"Flexible Exchange Rates in the 1970's," in Stabilization
Policy: Lessons from the 1970's and Implications for the 1980's, St.
Louis, Missouri: Federal Reserve Bank
of St. Louis and the Center for the Study of American Business Washington
University, 1980. [An extended version
of (57) above.] Abstract in NBER
Reporter, spring 1980.
65.
"On
Transactions and Precautionary Demand for Money," (with B. Jovanovic), Quarterly
Journal of Economics 94, No. 3, August 1980. Abstract in NBER Reporter,
winter 1980.
66.
"The Forward Exchange Rate, Expectations, and the Demand for
Money‑‑The German Hyperinflation: Reply," American Economic
Review 70, No. 4, September 1980.
67.
"A
Synthesis of `Monetary' and `Keynesian' Approaches to Short‑Run Balance
of Payments Theory," (with T. Gylfason and J.F. Helliwell), The Economic Journal 89, September
1980.
68.
"Monetary Policy‑‑Goals and Conduct for the
1980'," Statement before the
Subcommittee on Domestic Monetary Policy and the Subcommittee on International Trade, Investment and Monetary
Policy of the Committee on Banking, Finance and Urban Affairs, United States
House of Representatives. Ninety‑sixth Congress, First session. Serial
No.96‑38, U.S. Government Printing Office, Washington, 1980.
69.
"Economic Theory and IMF Policies: A Comment," in K.
Brunner and A.H. Meltzer (eds.), Monetary Institutions and the Policy
Process, Vol. 13 of the Carnegie‑Rochester Conference Series on
Public Policy, a Supplementary Series
to the Journal of Monetary Economics, 1980.
70.
"The Fluctuating U.S. Dollar: Causes, Consequences and Policy
Implications," in Issues in
Monetary Policy: Three Financial Forums, Salomon Brothers Center for the
Study of Financial Institutions, New York University, Occasional Paper No. 3,
1980.
71.
"Un
Analisis de las Propiedades Dinamicas Del Tipo De Cambio Flexible,"(with
C.A. Rodriguez), Centro deo Estudios Macroeconomics de Argentina, Buenos
Aires, 1980. Reprinted in Economica
28, No. 1‑2, January‑August,
1982.
72.
"Country Specific and Time‑Specific Factors in the
Demand for International Reserves," (with C.S. Hakkio), Economics
Letters 5, No. 1, 1980.
73.
"Stochastic Prices and Tests of Efficiency of Foreign
Exchange Markets," (with A. Razin), Economics Letters 6, No. 2,
1980.
74.
"Who is Afraid of Flexible Exchange
Rates?" Ksafim, the Israeli Economics Weekly 25,December 1980
(Hebrew). Reprinted as Chapter 9 in
Razin, Assaf (ed.) Economists on Economics, Tel‑Aviv: amot
Press, 1985.
75.
"The Collapse of Purchasing Power Parities in the
1970's", European Economic Review 16, No. 1, May 1981.
76.
"Monetary and Fiscal Policies in an Open Economy," (with
M. Mussa), American Economic Review 71, No. 2, May 1981. Reprinted in Commodity Journal 16,
No. 7, November/December 1981.
77.
"Optimal International Reserves: A
Stochastic Framework," (with B. Jovanovic), The Economic Journal
90, June 1981.
78.
"Flexible Exchange Rates, Prices and the
Role of `News': Lessons from the
1970's," Journal of Political Economy 89, No. 4, August 1981.
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153. "The
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154. "Comments
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155. "The
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156. "Is
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163. "Sectorial
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164. "Fiscal
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166. "Preface"
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167. "An
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168. "International
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169. "Spending, Taxes and Real Exchange
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170. "The
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171. "International
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172. "Budget
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173. "The
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174. "Target
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175. "Exchange
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176. Spending,
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177. "Swiss
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178. "Simulating
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179. "Introduction
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181. "Exchange
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182. "The
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183. "Commentary:
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184. "Adjustment
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186. "The
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187. "The
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188. "International
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189. "International
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190. "Comments
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191. "Comments
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192. "Monetary
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193. "Monetary
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194. "La
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196. "Simulations
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197. Comments
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199. "Europe's
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200. "Monetary
Policy in an Emerging European Economic and Monetary Union Key Issues"
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201. "From
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202. "Obstacles
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203. "Credit
Markets, Credibility and Economic Transformation" (with G. Calvo), Journal
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204. "Transformation
of Centrally-Planned Economies: Credit Markets and Sustainable Growth"
with G. Calvo in G. Winckler (ed.) Central and Eastern Europe: Roads to
Growth, Washington, D.C.: International Monetary Fund Austrian National
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205. "Developments
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206. "Major
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207. "Panel
Discussion: What's New Since Toledo?" in M. Bruno, S. Fischer and E.
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208. "Intervention,
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209. Characteristics
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and P. Masson), Occasional Paper No. 82, International Monetary Fund, l99l.
210. "Key
Issues in the International Coordination of Economic Policies" (with M.
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International Economic Policy Coordination, Amsterdam, North-Holland
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211. "What
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212. "The
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Association for the Monetary Union of Europe, published as a special issues of
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213. "L'Union
economique et monetaire et le systeme monetaire international: Principes
fondamentaux" (with M. Camdessus), Lettre d'Information of the
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214. "International
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1991, Pp. 789-827.
215. "Foreword"
in M.S. Khan, P.J. Montiel and N.V. Haque (eds.), Macroeconomic Models for
Adjustment in Developing Countries, Washington, D.C.: International
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216. "Macroeconomic
Policy Implicatins of Currency Zones" with Morris Goldstein, in Policy
Implications of Trade and Currency Zones, a Symposium sponsored by the
Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 1991,
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217. "Fiscal
Policy in Open Economies" (with A. Razin) in Peter Newman (ed.) The New
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218. Monetary
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219. "Major
Themes in the Writings of Jacques J. Polak" (with M. Goldstein) in
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220. "Coordination
of Monetary Policies in the World Economy" (with M.Goldstein and P.
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221. "The
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222. The
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223. "Inaugural
Address" in Quarterly Banking Review, The Association of Banks in
Israel Vol. XXX, No. 117, The Association of Banks in Israel, September 1991,
Pp. 24-25 (Hebrew).
224. "The
Government Budget for 1992-94", The Economic Quarterly, No. 150,
December 1991, Published by Am Oved, Tel-Aviv, 1991 Pp. 405-415 (Hebrew).
225. Do
not Change Sharply the Target of a Heavy Tanker Published in Hatasiaynim,
No. 20, January 1992 (Hebrew).
226. "Economic
and Monetary Union and the Evolving International Monetary System", With
Michel Camdessus in Osterreiches Wirtschafts und Wihrungespolitick auf dem
Weg nach Europa, Festshrift für Maria Schaumayer, Vienna: Austrian National
Bank, 1992, Pp. 9-16.
227. Statement
by the Governor of the Bank of Israel, delivered at the EBRD Board of
Governors, published at the Proceedings of the 1st Annual
Meeting of the board of Governors, European Bank for Reconstruction and
Development, Budapest April 1992
228. "Macroeconomic
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229. The
Man Who Was The Israeli Economy an article in memory of Prof. Eitan Berglas in
Yedioth Ahronoth newspapers, Israel
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230. "Overview
Panelists" in Policies for Long-Run Economic Growth, A Symposium
sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming,
August 1992, Federal Reserve Bank of Kansas City, 1992, pp. 237-241.
231. The
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World Bank Group and International Monetary Fund Summary Proceeding,
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232. Address
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233. The
Israeli Economy at the Crossroads" Lecture at The Second European Regional
Conference of the Board of Governors, Tel-Aviv University, Arosa, Switzerland,
January, 1993.
234. Statement
by the Governor of the Bank of Israel, delivered at the EBRD Board of
Governors, published at the Proceedings of the 2nd Annual
Meeting of the board of Governors, European Bank for Reconstruction and
Development, London, April 1993.
235. "Economic
Policies and the Changing Europe - What Next?" (with Leo Leiderman, Daniel
Cohen, Richard Portes and Lars Svenson), The Economic Quarterly,
Symposium on Capital Mobility sponsored by the Sapir Center, Tel-Aviv
University, the Bank of Israel and the CEPR, London, Tel-Aviv, May 1993
(Hebrew).
236. "Economic
Policy" in Economic Targets, Economic Policy and the Government Budget,
Proceeding Caesarea Conference, Israel Democracy Institute, Jerusalem, June
1993 (Hebrew).
237. "Money
Demand and Inflation in Yugoslavia 1980-89" (with Mark P. Taylor) in Journal
of Macroeconomics, Vol. 15 No. 3, Published for the College of Business
Administration Louisiana State University Press, Summer 1993 Pp. 455-481.
238. "Overview Panelists" in Changing
Capital Markets: Implicatons for Monetary Policy, a Symposium sponsored by
the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 1993, Federal Reserve Bank of Kansas City,
1993, pp. 389-397.
239. "The
Strategy of Economic Adjustment", in Reserve Bank of India Bulletin,
Second L.K. Jha Memorial Lecture, Bombay, September 1993.
240. "The
Israeli Economy - Goals and Possibilities" in Israel Association of
Graduates in the Social Sciences and Humanities Journal, September 1993
(Hebrew).
241. Address
at the Annual General Assembly of the Association of Banks in Israel 1993, in Quarterly
Banking Review, Vol. XXXII, No. 125, The Association of Banks in Israel Pp.
11-19 October 1993 (Hebrew).
242. "Key
Issues in the Economy of Israel and in Economic Policy Making" Interview
in The Region, Federal Reserve Bank of Minneapolis, December 1993.
243. Top
Economist Ponders a Changing World," Interview in Finance and
Development, IMF and World Bank, Washington, D.C., December 1993.
(Published also in Arabic, Chinese, French, German, Portugese, Spanish).
244. The
state of Israeli Economy, Toward budget Discussions for 1995,
Proceeding Caesarea Conference, Israel Democracy Institute, June 1994 (Hebrew).
245. The
Man at the Helm, Euromoney Israel a Supplement to Euromoney,
September 1994.
246. The
Governors Statement at The 49th Annual Meeting of the Board of
Governors - The World Bank Group and International Monetary Fund Summary Proceeding, International
Monetary Fund, Washington, October 4-6, 1994.
247. Lahi-idan
veturi Interview with the Governor in Lenita Airisto (ed.) Menestrys,
(Finnish).
248. Message
from the Governor of the Bank of Israel, La Camara, revista de La Camara
Comercio Israel America Latina,
Israel, January 1995, Pp 7-8
249. Israel
Economy at a Crossroads The Challenges of the New Europe, Morris E.
Curiel Center for International Studies, Tel-Aviv University, 1995.
250. Statement
by the Governor of the Bank of Israel, delivered at the EBRD Board of
Governors, published at the Proceedings of the 4th Annual
Meeting of the board of Governors, European Bank for Reconstruction and
Development, London, April 1995.
251. The
Past and Future of Money, Die Zukunft des Geldes das Geld der Zukunft,
National Bank of Austria, May 16-17, 1995.
252. "The
Global Economy" interview in Economics Third Edition, Michael
Parkin, University of Western Ontario, Addison-Wesley Publishing Company, May
1995, Pp. 881-884.
253. Israel
and the World Economic System: Challenges and Prospects, Global Asset
Management Speeches Presented at the GAM Conference, Jerusalem 1995, Global
Asset Management, Jerusalem, 1995. Pp. 9-18.
254. The
Monetary Policys dilemmas in 1996, Toward budget Discussions for 1996 Proceeding
Caesarea Conference, Israel Democracy Institute, June 1995 (Hebrew).
255. Building
a New Middle East Key note address at the Institutional Investors Executive
Summary European Infrastructure and
Beyond Rome Italy, June 1995.
256. The
Father of the Israeli Economy article in memory of Dan Patinkin in Yedioth
Ahronoth newspapers, Israel, August 8, 1995(Hebrew).
257. A
word from Governor Frenkel, Evening for the memory of Dan Patinkin (30 days),
The Israeli National Academy for Science, August, 1995. (Hebrew).
258. General
Discussion: Public Sector Deficits and Macroeconomic Stability in Developing
Economies, Chairman: Jacob A. Frenkel, Budget Deficits and Debt: Issues and
Options, a Symposium sponsored by the Federal Reserve Bank of Kansas City,
Jackson Hole, Wyoming, August 1995, Federal Reserve Bank of Kansas City, 1995
pp. 397-401.
259. Surveillance
and the International Monetary System, IN James M. Boughton and K. Sarwar
Lateef (eds.) Fifty Years after Bertton Woods The Future of the IMF and the
World Bank, (Proceeding of a conference held in Madrid) International
Monetary Fund, Washington 1995. Pp. 238-242.
260. Challenges
to the Israeli Economy: Saving, Growth, Inflation and the Balance of Payments,
Quarterly Banking Review based
on an address at the Annual General Assembly of the Association of Banks in
Israel 1995, Vol. XXXIII No. 132, The Association of Banks in Israel November
1995, Pp. 7-15 (Hebrew).
261. Yizhak
Rabin That I Knew an article in Maariv Newspapers, November 10, 1995
(Hebrew).
262. Czech-Israeli
Economic Co-operation and the Prospects of the Economic Development in the
Middle East in the Light of the Peace Process, The Bohemiae Foundation
Discussion Forums and Lectures, Ceskoslovenska Obchodni Banka, January 1996,
Pp. 79-85.
263. Conclusion
to Part I & II, Volatile Capital Flows - Taming Their Impact on Latin
America Edited by Ricardo Hausmann and Liliana Rojas-Suarez, Published by
the Inter-American Development Bank by The Johns Hopkins University Press,
Washington D.C. 1996, Pp. 58-59 Pp. 105-107.
264. Statement
by the Governor, at the First Plenary Session, Annual Meeting Inter-American
Development Bank and Inter-American Inestment Corporation, Mars 1996.
265. Attracting
Outside Investment, Center Peace ,Remarks from Second Conclusion on the New
Middle East Center for Middle East Peace and Economic Cooperation
Washington DC April 1996.
266. Economic
Goals in the light of the Inflation-Growth-Budget debate Challenges for the
Israeli Economy at the verge of the New Millennium Proceeding 4th
Caesarea Conference, Israel Democracy Institute, July 1996 (Hebrew).
267. Israel
Experience with Inflation a lecture delivered at the Federal Reserve Bank of
Kansas City Symposium, published in Achieving Price Stability Federal
Reserve Bank of Kansas City, Jackson Hole Wyoming, August 1996. Pp. 139-146.
268. "The
Israeli Economy at a Crossroads", A lecture delivered at the Annual Dinner
of the Chicago Committee for the Weizman Institute of Science, Chicago,
September 8, 1996.
269. The
Governors Statement at The Annual Meeting of the Board of Governors - The
World Bank Group and International Monetary Fund Summary Proceeding, International Monetary Fund, World
Bank Group, Washington, October 1-3, 1996.
270. Watching
the margins Article by the Governor, Published at the Finance International
Magazine Autumn/Winter 1996.
271. Interview,
in Central Banking Special Issue Bank of Israel, Vol. VII No. 3, Winter
1996/7, Central Banking London, Pp. 50-57.
272. A
word from Prof. Frenkel, honorary President at The 40th years
celebrations of the Israel Graduates Social Sciences & Humanities, Israel
Graduates Social Sciences & Humanities November 1996 (Hebrew).
273. "Fixed
Versus Floating Exchange Rates: What's new in the Debate?" in Mario I.
Blejer, Jacob A. Frenkel, Leonardo Leiderman and Assaf Razin (eds.) Optimum
Currency Areas, International Monetary Fund, 1997 , Pp. 54-57. (Based on
remarks at Conference in honor of Prof. Robert Mundell, Jerusalem, 1996).
274. "Capital
Mobility and its Impacts on the Operations of a Central Bank", Banking
Soundness and Monetary Policy, Issues and Experiences in the Global Economy
Ed. By Charles Enoch and John H. Green International Monetary Fund, Washington
DC 1997.
275. "Equivalence
Relations in International Texation" (with Alan Auerbach and Assaf Razin),
in M. I. Blejer and T. Ter-Minassian (Eds.) Macroeconomic Dimensions of
Public Finance - Essays in honor of Vito Tanzi, Routledge, March 1997, Pp.
146-163.
276. Roundtable
on Lessons of European Monetary Integration for the International System, EMU
and the International Monetary System, proceeding of a conference held in
Washington DC on March 17-18, 1997, International Monetary Fund, 1997.
277. Lessons
from Economic Stabilization, Banco de Investimentos Garantia - Economic
letter, Banco de Investimentos Garantia, Brazil, July 1997. based on a Lecture delivered at Banco Garantia,
Brazil, May 1997.
278. The State of the Economy, The State of the Economy, Guidelines for the National Budget for 1998 and Considerations Towards a Tax Reform, proceeding the Fifth Ceasrea Conference, Israel Democracy Institute, June 1997, Pp. 48-52.
279. General
Discussion: Overview Panel Chairman: Jacob A. Frenkel, in Maintaining
Financial Stability in a Global Economy, a Symposium sponsored by the
Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 1997,
Federal Reserve Bank of Kansas City, 1997 pp. 345-358.
280. Central
Bank Statement, Christopher Holloway (eds.) Global Banking and Financial
Policy Review 1997/1998, A Euromoney Institutional Investor Publication, UK,
September 1997, Pp. 80.
281. The
Governors address, Inauguration - First Annual Meeting of the International
Board of Governor, The Peres Center For Peace, Israel October 1997.
282. Address
at the Annual General Assembly of the Association of Banks in Israel 1997, in Quarterly
Banking Review, Vol. XXXV No. 139 the Association of Banks in Israel
November 1997 Pp. 4-12 (Hebrew).
283. Growth,
Inflation and Economy Stability, in R. Melnik and Z. Shifer (eds.) Articles
Collections on the Israeli Economy, in Memory of Michael Bruno, Israel
November, 1997 (Hebrew).
284. "The Israeli Economy: Setting the Stage For the Next Millennium", Israel: Economic Prospects into the Next Millennium, A lecture delivered at the Euromoney Conference, Tel Aviv, May 18-19, 1998.
285. Globalization, Instability, and the World Financial System The Frank M. Engle Lecture 1998, The American College, USA 1998, based on an address given at the 21st Frank M. Engle Lecture in Economic Security at the American College, Philadelphia, May 1998.
286. A word from the Governor in HAYAHALOM Journal of the Israel Diamond Industry and Trade, No. 154, Israel Diamond Institute Publication, Israel, June 1998 Pp. 18 & 239
287. EconomyHistory and Challenges, (with Daniel Gottlieb) Israel at 50 1948-1998 History and Economy, IMCE, Paris, 1998, Pp. 121-127.
288. A Young Economy Meeting the Challenge, Israel at Fifty 1948- 1998, Euro-Mediterranean Partnership Vol. 3, Issue II, 1998 Pp. 6-9.
289. Central Bank Statement, Peter Drew (eds.) Global Banking and Financial Policy Review 1998/1999, A Euromoney Institutional Investor Publication, UK, September 1998, Pp. 102.
290. The
Governors Statement at The 53rd Annual Meeting of the Board of
Governors - The World Bank Group and International Monetary Fund Summary Proceeding, International
Monetary Fund, Washington, October 6-8, 1998.
291. Statement
by the Governor, Israel-British Trade The Journal of the Israel-British
Chamber of Commerce, Israel-British Trade Israel, Autumn 1998, pp. 16.
292. Opening
Statement IMF Reform: Proposals to Stabilize the International Finance
System, Hearing before the Joint Economic Committee Congress of the United
States, International Monetary Fund, Washington 1998.
293. "Central
Bank Independence and Monetary Policy" Review of Monetary and Financial
Studies, Japan Society of Monetary Economics, Hitotsubashi University, Vol.
15 October 1998.
294. "Stability
and Exchange Rate Policy", Hitotsubashi Journal of Commerce &
Management, The Hitotsubashi Academy Hitotsubashi University, Vol. 33 No. 1
October 1998.
295. The Israeli Economy in the Globalization Era Address at the Annual General Assembly of The Association of Banks in Israel 1998 in Quarterly Banking Review, The Association of Banks in Israel Vol. XXXVI No. 141 November 1998, Pp. 5-15 (Hebrew).
296. The International Experience of Monetary and Exchange Rate Management in Small Open Economies Central Bank of Malta Quarterly Review Vol. 31 No. 4 Pp. 76-92, Central Bank of Malta, December 1998.
297. Stabilization, Growth and Transition, The Economic Quarterly No. 3, Symposium in memory of Michael Bruno, Hebrew University, Am Oved, Tel-Aviv, December 1998, Pp. 643-646 (Hebrew).
298. Address from the Governor, published in the KENES HATIKVA 1998, Israel 1998, Pp. 84-88. (Hebrew).
299. Liberalization
and Financial Reforms: Lessons from the Israeli Experience, in Mario Blejer
and Marko Skreb (eds.) Financial Sector Transformation Lessons from
Economies in Transition, Cambridge University Press, 1999, Pp. 368-380.
300. Statement
by the Governor of the Bank of Israel, delivered at the EBRD Board of
Governors, published at the Proceedings of the Eighth Annual Meeting of the
board of Governors, European Bank for Reconstruction and Development,
London, 19-20 April 1999
301. The
International Role of the Deutsche Mark With Morris Goldstein, Fifty Years
of the Deutsche Mark, Ed. by Deutsche Bundesbank, Oxford University Press,
1999, Pp. 685-729. Also Published in German Funfzig Jahre Deutsche Mark,
Notenbank und Wahrung in Deutschland seit 1948, Deutsche Bundesbank 1999.
302. Financial
Crises: What Have We Learned from Theory and Experience,
in Isard Peter, Assaf Razin and Androw K. Rose (eds.) International Finance and Financial Crisis: Essays in Honor of
bobert P. Flood JR., Washington: IMF & Boston: Kluwer Academic Press,
1999, pp. 63-70.
303. Central
Bank Statement, in Sslly Hodget (eds.) Global Banking and Financial Policy
Review 1999/2000, A Euromoney Institutional Investor Publication, UK,
September 1999, Pp. 102.
304. Globalization,
Central Bank Independence and Monetary Policy, published in Zeitschrift fur
das gesamte Kreditwesen, Article in honor of Professor Hans Tietmeyer upon
his retirement as President of the Deutsche Bundesbank, Germany, October 1999,
Pp. 898-903.
305. Central
Bank Independence and Monetary Policy Zagreb Journal of Economics, Vol.
3 No. 3, Zagreb Journal of Economics, 1999. Pp. 3-22.
306. Central-Bank
Independence and Monetary Policy in Mario I. Blejer and Marko Skreb
(eds.) Central Banking, Monetary
Policies and the Implications for Transition Economies, Massachusetts,
Kluwer Academic Publishers, 1999, Pp. 11-30.
307. Challenges
for the Israeli Economy in the Era of Globalization Towards the Third
Millennium, Quarterly Banking Review, The Association of Banks in
Israel, Vol. XXXVI No. 143, November 1999, Pp. 4-15. (Hebrew).
308. Conclusion remarks on: Challenges of financial Globalization in Challenges of financial Globalization, Laying of the Corner Stone of the Berglas School of Economics, Tel-Aviv University, December 1999. (Hebrew).
309. Central Bank Independence and Monetary Policy in Leonardo Leiderman (ed.) Inflation and Disinflation in Israel Bank of Israel, Research Department, December 1999, Pp. 9-26 (Hebrew).
310. Key Issues in the World Economic System a lecture delivered in the International Conference of Private Business Organizations, Dresden Germany 1999 (forthcoming).
311. Globalization:
The Challenge for Economic Policy Making lecture delivered at the 3rd
Devis Services Conference: Services in the Age of Global Markets Berlin
Germany, 1999 (forthcoming)
312. Globalization,
Financial Stress & Transition, Ten Years of Transition: What Have we
Learned and What Lies Ahead, based on a lecture delivered at the Fifth
Dubrovnik Conference on Transition economies, 1999, (forthcoming)
313. Globalization
and Financial Markets: A Challenge for Economic Policy A lecture
delivered at the Economic Department of the University of Zagreb, June 1999
(Forthcoming)
314. The
state of the Israeli Economy, a lecture delivered at The Ceasrea Conference,
Israel Democracy Institute 1999, (forthcoming) (Hebrew).
315. Remarks
at the Jackson Hole Symposium: New Challenges for Monetary Policy a Symposium
sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming,
Federal Reserve Bank of Kansas City, 1999 (forethcoming).
316. Globalization:
Challenges & Opportunities Israeli Perspective, lecture at the
international monetary symposium: Globalization and Regional Integration: the
Consequences for Monetary Policy conduct, Banque de France, October 1999 (forthcoming).
317. Global
Financial architecture: What is the new role of the IMF and the changes to the
exchange rate system Speech given at the ZURICH seminar: The Recovery of
Asian Economy and Its Impact to China Beijing, October 1999 (forthcoming)
318. Central
Bank Independence and Monetary Policy, Essay in honor of M. Zanbar
(Hebrew) (Forthcoming)
319. Balance
of Payments, Exchange Rates and Competitiveness: Lessons for Transition
Economies from the Israeli Experience in Mario I Blejer and Marko Skreb (eds) Balance
of Payments, Exchange Rates and Competitiveness in Transition Economies,
Massachusetts, Kluwer Academic Publishers, 1999, pp. 403-18.