Recent Publications on Exchange Rates and Currencies

"Systematic Managed Floating,"   Open Economies Review, 2019.  DOI: 10.1007/s11079-019-09528-8.  Revised, Jan. 2019 (pdf)NBER WP 23663, August 2017; HKS RWP17-025, June.   Powerpoint (pdf) presentation for 4th Asian Monetary Policy Forum, May 2017, Singapore.
Supporting documentation:
Overall data appendix (pdf), compiled by Shruti Lakhtakia, April 2017.
Frankel-Xie 2011 appendix (pdf) to accompany section 2(b)ii, estimating Asian fx regimes, May 2017.
* Turkey Appendix to accompany section 2(c) on the FX reaction function of the central bank of Turkey,

The Currency-Plus-Commodity Basket: A Proposal for Exchange Rates in Oil-Exporting Countries to Accommodate Trade Shocks Automatically​” Short abstract.  Forthcoming in: Macroeconomic Institutions and Management in Resource-Rich Arab Economies, edited by Hoda Selim, Kamiar Mohaddes and Jeffrey Nugent (Oxford: Oxford University Press).  Abstract. CID WP no  333, March 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 WP 21813.

"Internationalization of the RMB and Historical Precedents," published in Journal of Economic Integration, 2012, vol.27, no.3, pp. 329-365.

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SystematicMngdFloat2019.pdf1.51 MB