Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence

Managing the Tide: How Do Emerging Markets Respond to Capital Flows?

Shifting Motives: Explaining the Buildup in official Reserves in Emerging Markets Since the 1980's

Multilateral Aspects of Managing the Capital Account

When Should Public Debt Be Reduced?

Exchange Rate Management and Crisis Susceptibility: A Reassessment

What’s In a Name? That Which We Call Capital Controls

Regulating Capital Flows at Both Ends: Does it Work?

Friedman Redux: External Adjustment and Exchange Rate Flexibility

Surges

FX Intervention in the New Keynesian Model

Unconventional Policy Instruments in the New Keynesian Model

The Motives to Borrow