Recent Publications on Exchange Rates and Currencies

“The Dollar versus the Euro as International Reserve Currencies,” with Menzie Chinn and Hiro Ito, HKS RWP no. 24-005 , March 2024.

Dollar Rivals,” forthcoming in 50 Years of Floating,June 2024, Douglas Irwin and Maurice Obstfeld, editiors (Peterson Institute for International Economics, Washington DC).  HKS RWP 23-015, June;  NBER WP 31476, July 2023.

The Impact of Exchange Rate Regimes on Economic Growth with Continuous Classification of de facto Regimes,” with Xiaonan Ma and Danxia Xie, April 2019.

"Systematic Managed Floating," 2019,  Open Economies Review, April, vol 30, no.2 pp.255-295. Reprinted, 2021, in The Asian Monetary Policy Forum: Insights for Central Banking, S.Davis, E.Robinson, and B.Yeung, eds. (World Scientific Publ. Co. Pte Ltd). NBER WP 23663.  Data appendix, 2017.  

The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically​” Short abstract.  In: Macroeconomic Institutions and Management in Resource-Rich Arab Economies, edited by Kamiar Mohaddes, Jeffrey Nugent and Hoda Selim,  (Oxford: Oxford University Press), 2019.  Abstract. CID WP no  333, 2017.

"The Plaza Accord, 30 Years Later,”  published in  Currency Policy Then and Now: 30th Anniversary of the Plaza Accord, edited by C.F. Bergsten & R. Green (Peterson Institute for International Economics: Washington), 2016. NBER Working Paper 21813; HKS RWP15-056; Baker Institute WP.  Conference, Rice University.          

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SystematicMngdFloat2019.pdf1.58 MB