Working Papers

• Financial Globalization: A Reappraisal
  (with A. Kose, E. Prasad, and K. Rogoff), NBER working Paper, Aug. 2006. (Reference in the Wall Street Journal, March 15, 2007)
  
  
• A Solution to Two Paradoxes of International Capital Flow
  (With J. Ju), June 2006. (Presentation File)
  
  
• Does WTO Acession Raise Income? When External Commitments Create Value.
  (With M.K. Tang), June 2006. (Presentation File)
  
  
• Connecting Two Views on Financial Globalization: Can we Make Further Progress?
  June 2006. (Presentation File)
  
  
• Pitfalls of a State-dominated Financial System: The Case of China
  (With G. Boyreau-Debray), NBER Working Paper 11214, July 2005.
  
  
• Evaluating the Effectiveness of Trade Conditions in Fund Supported Programs
  (With Z. Zhang), November 2005.
  
  
• Global Capital Flows and National Policy Choices
  (With I. Tytell), July 2005.
  
  
• Endowment Versus Finance: A Wooden Barrell Theory of International Trade
  (With J. Ju), CEPR Discussion Paper 5109, June 2005
  
  
• Slow Passthrough Around the World: A New Import for Developing Countries?
  (With J. Frankel and D. Paresley), NBER Working Paper 11199, March 2005.
  
  
• Managing Macroeconomics Crises
  (With J. Frankel), NBER Working Paper 10907, November 2004.
  
  
• Globalization and Inequality: Evidence from Within China
  (With Y. Wu), NBER Working Paper 8611, November 2001.