Policy Papers

My commentaries (op-eds) written for Project Syndicate

My policy papers on VoxEU.org



• Underutilized Capital
  (with David Dollar), Finance and Development, June 2007, Vol44.
  
• Financial Globalization--Beyond the Blame Game, a new way of looking at financial globalization reexamines its costs and benefits
  (with M. Ayhan Kose, Eswar Prasad, Kenneth Rogoff), Finance and Development, March 2007; also appears as the first item in Financial Globalization: The Impact on Trade, Policy, Labor, and Capital Flows, edited by Laura Wallace, April 2007.
  
• Demystifying Outsourcing
  (With M. Amiti), Finance and Development, December 2004.
  
• Effects of Financial Globalization on Developing Countries: Some Empirical Evidence
  (September 2003 Version) (Chinese Version) (French Version) (Spanish Version)
  (Data on capital control measures available)
  (with Eswar Prasad, Kenneth Rogoff and Ayhan Kose), IMF Occasional Paper 220, August 2003.
  
• Managing Macroeconomic Crises: Policy Lessons (Data available)
  (with Jeffrey Frankel), forthcoming as Chapter 7 in Economic Volatility and Crises: A Policy-Oriented Guide, edited by Joshua Aizenman and Brian Pinto, World Bank, Washington DC, 2004.
  
• A New Look at Exchange Rate Volatility and Trade Flows
  (Chinese Version) (French Version) (Spanish Version)
  ( Data available)
  (with Peter B Clark, Natalia Tamirisa, Azim Sadikov and Li Zeng), IMF Occasional Paper, May 19, 2004
  
• The Non-threat That Is Outsourcing    (Click here for a Chinese version)
  (with Raghuram G Rajan), The Business Time, Singapore, June 8th, 2004 / Chinese Economic Times, Beijing, China
  
• How To Get The Most From World Trade?
  (with Arvind Subramanian), South China Morning Post (Hong Kong), 13, September 9, 2003
  
• A Case of "Enronitis"? Opaque Self-Dealing and the Global Financial Effect    (Click here for a Russian version)
  (with Heather Milkiewicz), The Brookings Institution, Policy Brief #118, April 2003
  
• Globalization and Inequality Without Differences in Data Definition, Legal System and Other Institutions
  (with Yi Wu), International Monetary Fund, October 24, 2002
  
• Is Globalization Good for the Poor in China?
  Finance & Development, September 2002, Volume 39, Number 3.
  
• Corruption and Globalization
  The Brookings Institution, Policy Brief #79, April 2001
  




Interviews

• On the Contrary: WTO Makes a Difference
  IMF Survey, Vol 33, No. 2, February 2, 2004
  
• Does Insider Trading Raise Stock Market Volatility?
  IMF Survey, Vol 32, No. 11, June 16, 2003
  
• Is Financial Globalization Harmful for Developing Countries?
  IMF Survey, Vol 32, No. 10, June 2, 2003
  
• Transparency May Help in Countering Extreme Volatility in Emerging Markets
  IMF Survey, Vol 32, No. 4, March 3, 2003