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List of works by Joshua Aizenman

A Theory of Current Account and Exchange Rate Determinations

Accounting for Global COVID-19 Diffusion Patterns, January-April 2020

scientific article published in May 2020

Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007: a logistic smooth transition regression (LSTR) approach

scientific article published in August 2009

Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies

scientific article published in December 2011

Adjustment to Monetary Policy and Devaluation Under Two-Tier and Fixed Exchange Rate Regimes

scientific article published in April 1983

Aid Volatility and Poverty Traps

scientific article published in September 2007

Aspects of the Optimal Management of Exchange Rates

scientific article published in September 1981

Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time

scientific article published in December 2008

Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds

scientific article published in September 2010

Balance Sheet Effects on Monetary and Financial Spillovers: The East Asian Crisis Plus 20

scientific article published in October 2016

Capital Controls and Financial Crises

scientific article published in October 1999

Capital Controls, Collection Costs, and Domestic Public Debt

scientific article published in September 1990

Capital Flow Types, External Financing Needs, and Industrial Growth: 99 countries, 1991-2007

scientific article published in July 2011

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

scientific article published in October 2011

Capital Market Imperfections and the Theory of Optimum Currency Areas

scientific article published in June 2008

Capital Markets Integration, Volatility and Persistence

scientific article published in August 1995

Capital Mobility in a Second Best World -- Moral Hazard With Costly Financial Intermediation

scientific article published in August 1998

Capital flows: Catalyst or Hindrance to economic takeoffs?

scientific article published in July 2011

Central Banks and Gold Puzzles

scientific article published in March 2012

China's Growth, Stability, and Use of International Reserves

scientific article published in December 2013

Chinese Outwards Mercantilism – the Art and Practice of Bundling

scientific article published in April 2015

Contagion and Volatility with Imperfect Credit Markets

scientific article published in July 1997

Controlled Openness and Foreign Direct Investment

scientific article published in August 1997

Costly Adjustment and Limited Borrowing: A Welfare Analysis of Policiesto Achieve External Balance

scientific article published in July 1987

Country Risk and Contingencies

scientific article published in May 1987

Country Risk and Incentives Schemes

scientific article published in September 1986

Country Risk, Asymmetric Information and Domestic Policies

scientific article published in April 1986

Credit Ratings and the Pricing of Sovereign Debt during the Euro Crisis

scientific article published in June 2013

Current Account Patterns and National Real Estate Markets

scientific article published in April 2008

De facto Fiscal Space and Fiscal Stimulus: Definition and Assessment

scientific article published in November 2010

Debt and Conditionality under Endogenous Terms of Trade Adjustment

scientific article published in May 1988

Determinants of Financial Stress and Recovery during the Great Recession

scientific article published in December 2010

Developing countries' financial vulnerability to the euro crisis: An event study of equity and bond markets

scientific article published in May 2012

Domestic and Multilateral Effects of Capital Controls in Emerging Markets

scientific article published in January 2015

East Asian Economies and Financial Globalization In the Post-Crisis World

scientific article published in May 2016

Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences

scientific article published in January 2007

Emerging Markets Sovereign CDS Spreads During COVID-19: Economics versus Epidemiology News

scientific article published in October 2020

Endogenous Financial Openness: Efficiency and Political Economy Considerations

scientific article published in December 2003

Endogenous Financial and Trade Openness

scientific article published in May 2004

Endogenous Pricing to Market and Financing Costs

Ex Ante Carrots instead of Ex Post Sticks: Two Examples

scientific article published in April 2005

Exchange Market Pressure and Absorption by International Reserves: Emerging Markets and Fear of Reserve Loss During the 2008-09 Crisis

scientific article published in September 2010

Exchange Market Pressure in OECD and Emerging Economies: Domestic vs. External Factors and Capital Flows in the Old and New Normal

scientific article published in October 2015

Exchange Rate Flexibility, Volatility, and the Patterns of Domestic and Foreign Direct Investment

article published in 1992

Exchange Rate Regimes and Financial-Market Imperfections

scientific article published in June 2000

External Debt, Planning Horizon and Distorted Credit Markets

Externalities, Incentives and Failure to Achieve National Objectives in Decentralized Economies

scientific article published in March 1991

Externalities, Incentives, and Economic Reforms

scientific article published in June 1990

FDI and Trade -- Two Way Linkages?

scientific article published in June 2005

Financial Crisis and the Paradox of Under- and Over-Regulation

scientific article published in May 2009

Financial Development and Output Growth in Developing Asia and Latin America: A Comparative Sectoral Analysis

scientific article published in February 2015

Financial Liberalization in Latin-America in the 1990s: A Reassessment

scientific article published in February 2005

Financial Opening: Evidence and Policy Options

scientific article published in April 2002

Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management

scientific article published in December 1999

Financial Sector Ups and Downs and the Real Sector: Up by the stairs, down by the parachute

scientific article published in October 2011

Financial Spillovers and Macroprudential Policies

scientific article published in December 2017

Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding

scientific article published in December 2006

Fiscal Challenges in Multilayered Unions: An Overview and Case Study

scientific article published in October 2014

Fiscal Space and Government-Spending & Tax-Rate Cyclicality Patterns: A Cross-Country Comparison, 1960-2016

scientific article published in September 2018

Fiscal fragility: what the past may say about the future

scientific article published in October 2010

Flexibility of Adjustment to Shocks: Economic Growth and Volatility of Middle-Income Countries Before and After the Global Financial Crisis of 2008

scientific article published in June 2017

Foreign Direct Investment as a Commitment Mechanism in the Presence of Managed Trade

Foreign Direct Investment, Employment Volatility and Cyclical Dumping

scientific article published in March 1994

Foreign Direct Investment, Productive Capacity and Exchange Rate Regimes

scientific article published in July 1991

From the Great Moderation to the global crisis: Exchange market pressure in the 2000s

scientific article published in October 2010

Fundamentals and Sovereign Risk of Emerging Markets

scientific article published in April 2013

Globalization and Developing Countries - A Shrinking Tax Base?

Globalization and Taste Convergence: The Case of Wine and Beer

scholarly article published March 2005

Globalization and the Sustainability of Large Current Account Imbalances: Size Matters

scientific article published in January 2008

Good-Bye Original Sin, Hello Risk On-Off, Financial Fragility, and Crises?

scientific article published in April 2020

Hoarding International Reserves Versus a Pigovian Tax-Cum-Subsidy Scheme: Reflections on the Deleveraging Crisis of 2008-9, and a Cost Benefit Analysis

scientific article published in November 2009

Hoarding for Stormy Days - Test of International Reserves Providing Financial Buffer Services

House Valuations and Economic Growth: Some International Evidence

scientific article published in October 2016

Income inequality, tax base and sovereign spreads

scientific article published in June 2012

Inflation Targeting and Real Exchange Rates in Emerging Markets

scientific article published in December 2008

Inflation and Exchange Rate Targeting Challenges Under Fiscal Dominance

scientific article published in June 2019

Inflation, Tariffs and Tax Enforcement Costs

scientific article published in October 1985

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

scientific article published in November 2002

International Coordination and Precautionary Policies

scientific article published in December 2015

International Portfolio Diversification with Generalized Expected Utility Preferences

scientific article published in March 1997

International Reserve Holdings with Sovereign Risk and Costly Tax Collection

scientific article published in September 2002

International Reserves Before and After the Global Crisis: Is There No End to Hoarding?

scientific article published in August 2014

International Reserves Management and Capital Mobility in a Volatile World: Policy Considerations and a Case Study of Korea

scientific article published in June 2004

International Reserves Management and the Current Account

International Reserves: Precautionary versus Mercantilist Views, Theory and Evidence

scientific article published in May 2005

International reserves and swap lines: substitutes or complements?

scientific article published in March 2010

Investment in New Activities and the Welfare Cost of Uncertainty

scientific article published in February 1995

Investment, Openness, and Country Risk

scientific article published in October 1987

Inward Versus Outward Growth Orientation in the Presence of Country Risk

Labor Markets and the Choice of Technology in an Open Developing Economy

scientific article published in August 1986

Large Hoarding of International Reserves and the Emerging Global Economic Architecture

scientific article published in July 2007

Liquidity and Foreign Asset Management Challenges for Latin American Countries

scientific article published in November 2014

Living with the Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries

scientific article published in September 2013

Macroeconomic Adjustment and the History of Crises in Open Economies

scientific article published in November 2012

Macroeconomic Adjustment with Segmented Labor Markets

Macroeconomics Challenges and Resilience of Emerging Market Economies

scientific article published in October 2019

Managing Volatility and Crises: A Practitioner's Guide Overview

scientific article published in July 2004

Market Power and Exchange Rate Adjustment in the Presence of Quotas

scientific article published in August 1987

Military Expenditure, Threats, and Growth

scientific article published in April 2003

Modeling Deviations from Purchasing Power Parity (PPP)

scientific article published in January 1983

Monetary Policy Spillovers and the Trilemma in the New Normal: Periphery Country Sensitivity to Core Country Conditions

scientific article published in May 2015

Monopolistic Competition and Deviations from PPP

scientific article published in January 1985

Monopolistic Competition and Labor Market Adjustment in the Open Economy

Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy

scientific article published in January 1986

Net Fiscal Stimulus During the Great Recession

scientific article published in February 2011

New Activities, the Welfare Cost of Uncertainty and Investment Policies

scientific article published in November 1996

On The Need For Fiscal Discipline in an Union

scientific article published in February 1994

On the Complementarity of Commercial Policy, Capital Controls and Inflation Tax

scientific article published in March 1985

On the Hidden Links Between Financial and Trade Opening

scientific article published in August 2003

On the Paradox of Prudential Regulations in the Globalized Economy: International Reserves and the Crisis a Reassessment

scientific article published in March 2009

On the ease of overstating the fiscal stimulus in the US, 2008-9

scientific article published in February 2010

Openness, Relative Prices and Macro Policies

Optimal Buffer Stocks and Precautionary Savings with Disappointment Aversion

Optimal Currency Area: A 20th Century Idea For the 21st Century?

scientific article published in March 2016

Optimal Price Adjustment with Time-Dependent Costs

Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness

scientific article published in May 1996

Optimal Wage Indexation, Foreign-Exchange Intervention and Monetary Policy

scientific article published in April 1984

Optimal Wage Re-Negotiation

Pandemic Shocks and Fiscal-Monetary Policies in the Eurozone: COVID-19 Dominance During January - June 2020

scientific article published in June 2020

Pegged Exchange Rate Regimes -- A Trap?

Policy Uncertainty, Persistence and Growth

scientific article published in September 1991

Post COVID-19 Exit Strategies and Emerging Markets Economic Challenges

scientific article published in October 2020

Precautionary Strategies and Household Saving

scientific article published in March 2015

Privatization in Emerging Markets

scientific article published in April 1998

Prizes for Basic Research -- Human Capital, Economic Might and the Shadow of History

scientific article published in May 2006

Real Estate Valuation, Current Account and Credit Growth Patterns, Before and After the 2008-9 Crisis

scientific article published in June 2013

Real Exchange Rate and International Reserves in the Era of Growing Financial and Trade Integration

scientific article published in July 2006

Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?

scientific article published in March 1999

Reserve Uncertainty and the Supply of International Credit

scientific article published in July 1999

Resource Allocation During the Transition to a Market Economy: Political Implications of Supply Bottlenecks and Adjustment Costs

scientific article published in May 1993

Sargent-Wallace Meets Krugman-Flood-Garber, or: Why Sovereign Debt Swaps Don't Avert Macroeconomic Crises

Saving and the Long Shadow of Macroeconomic Shocks

scientific article published in May 2013

Savings and the Terms of Trade Under Borrowing Constraints

scientific article published in June 2000

Sectorial Wages and the Real Exchange Rate

scientific article published in January 1986

Selective Swap Arrangements and the Global Financial Crisis: Analysis and Interpretation

scientific article published in March 2009

Signaling Credibility --- Choosing Optimal Debt and International Reserves

scientific article published in August 2006

Soft Budget Constraints, Taxes, and the Incentive to Cooperate

Sources for Financing Domestic Capital -- Is Foreign Saving a Viable Option for Developing Countries?

scientific article published in July 2004

Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance

scientific article published in December 2008

Stabilization Policies and the Information Content of Real Wages

Sterilization, Monetary Policy, and Global Financial Integration

scientific article published in March 2008

Strategic Investment in a Debt Bargaining Framework

scientific article published in June 1989

Successful Adjustment in a Multi-Sectoral Economy

scientific article published in April 1987

Supply Shocks, Wage Indexation and Monetary Accommodation

scientific article published in April 1985

Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma

scientific article published in April 2010

Takeoffs

scientific article published in May 2007

Targeting Rules for Monetary Policy

scientific article published in April 1986

Tariff Liberalization Policy and Financial Restrictions

scientific article published in December 1983

Tax Revenue Trends in Asia and Latin America: A Comparative Analysis

Testing Deviations From Purchasing Power Parity (PPP)

scientific article published in October 1984

The Collection Efficiency of the Value Added Tax: Theory and International Evidence

The Competitive Externalities and the Optimal Seignorage

scientific article published in April 1989

The Currency Composition of International Reserves, Demand for International Reserves, and Global Safe Assets

scientific article published in June 2019

The Euro and the global crises: finding the balance between short term stabilization and forward looking reforms

scientific article published in June 2012

The Eurocrisis: Muddling Through, or On the Way to a More Perfect Euro Union?

scientific article published in June 2014

The Fiscal Stimulus of 2009-10: Trade Openness, Fiscal Space and Exchange Rate Adjustment

scientific article published in September 2011

The High Demand for International Reserves in the Far East: What's Going On?

scientific article published in October 2002

The Impact of Inflation on Budgetary Discipline

scientific article published in November 1995

The Interest Rate Effect on Private Saving: Alternative Perspectives

scientific article published in November 2016

The Internationalization of Venture Capital and Private Equity

scientific article published in September 2008

The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China

scientific article published in February 2015

The Life Cycle of Scholars and Papers in Economics -- the "Citation Death Tax"

scientific article published in March 2008

The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty

The Political-Economy Trilemma

scientific article published in March 2020

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

scientific article published in March 2008

The Transmission of Federal Reserve Tapering News to Emerging Financial Markets

scientific article published in March 2014

The US as the "Demander of Last Resort" and its Implications on China's Current Account

scientific article published in October 2008

The financial crisis and sizable international reserves depletion: From 'fear of floating' to the 'fear of losing international reserves'?

scientific article published in October 2009

Trade Dependency, Bargaining and External Debt

Trade Reforms, Credibility, and Development

scientific article published in January 1991

Trilemma Policy Convergence Patterns and Output Volatility

scientific article published in February 2012

U.S. Macro Policies and Global Economic Challenges

scientific article published in December 2020

Uncertainty and the Disappearance of International Credit

scientific article published in October 1999

Using Inflation to Erode the U.S. Public Debt

scientific article published in December 2009

Vocational Education, Manufacturing, and Income Distribution: International Evidence and Case Studies

scientific article published in October 2017

Volatility and Financial Intermediation

scientific article published in December 1997

Volatility and the Investment Response

scientific article published in November 1996

Volatility and the Welfare Costs of Financial Market Integration

scientific article published in November 1998

Volatility, Investment and Disappointment Aversion

scientific article published in December 1995

Volatility, employment and the patterns of FDI in emerging markets

scientific article published in December 2002

Wage Contracts with Incomplete and Costly Information

Wage Dispersion and Technical Progress

scientific article published in January 1996

Wage Flexibility and Openness

scientific article published in April 1983

What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk

scientific article published in September 2011

Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns

scientific article published in March 2013

Why is Inflation Skewed? A Debt and Volatility Story

scientific article published in August 1994

World Integration, Competitive and Bargaining Regimes Switch: an Exploration

scientific article published in September 1989