. “Interest Allocation Rules and the Changing Cost of Debt Finance.” Harvard University, 1994.
Capital Flows
. “A Framework for Risk Management.” Harvard Business Review 72, no. 6 (1994): 91-102.
Revised from "Developing a Risk Management Strategy," Harvard Business School Working Paper No. 95-021. Reprinted in Bank of America Journal of Applied Corporate Finance 7, no. 3 (fall 1994): 22-32; Marsh & McLennan Companies' Viewpoint 24 (spring 1995): 21-37; and in Corporate Risk: Strategies and Management, edited by Greg Brown and Don Chew, London: Risk Books, December 1999.
. “Risk Management: Coordinating Corporate Investment and Financing Policies.” Journal of Finance 48, no. 5 (1993): 1629–1658.
- Revised from NBER Working Paper No. 4084, February 1993.
- Reprinted in RAE-Revista de Administração de Empresas, Management Journal of Fundação Getulio Vargas (FGV-EAESP), Business School for Administration in Sao Paulo, Brazil, volume no. 48, issue no. 1 (January-March 2008): 87-118.
- Reprinted in Insurance and Risk Management, Volume II, Corporate Risk Management, Part I: Theory on Why and How Firms Manage Risk, Chapter 3, edited by Gregory R. Niehaus, U.K.: Edward Elgar Publishing (October 2008). Also in M.J. Brennan, The Theory of Corporate Finance from The International Library of Critical Writings in Financial Economics, edited by R. Roll, 1995; and in Merton Miller and Chris Culp, eds. Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, Risk Books, 1999.
“Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market.” International Business Reader (1992). Publisher's Version
London: Oxford University Press, 1992. (Revised from IMF Working Paper no. 90/43.) NBER Working Paper no. 3470, October 1990.
. “Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach.” Quarterly Journal of Economics 106, no. 4 (1991): 1191–1217.
Revised from NBER Working Paper No. 2914, March 1989.
. “Chartists, Fundamentalists and the Demand for Dollars.” Private Behavior and Government Policy in Interdependent Economics (1990): 73-128.
Oxford: Clarendon Press, 1990, 73-128. Reprinted in Greek Economic Review 10 (June 1988): 49-102. Translated into “Chartistas, fundamentalistas y la demanda de dólares,” in Cuadernos Economicos de ICE, 1988 (Número 38), 195-242.
“Adjustment of the U.S. and Japanese External Imbalances,” in Fourth Economic Planning Agency International Symposium, edited by M. Yoshitomi, Economic Planning Agency of Japan, December 1988, 287-304.
. “Chartists, Fundamentalists, and Trading in the Foreign Exchange Market.” American Economic Review 80, no. 2 (1990): 181–185.
Reprinted in New Developments in Exchange Rate Economics, edited by L. Sarno and M. Taylor. U.K.: Edward Elgar Publishing, 2001; and in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. U.K.: Edward Elgar Publishing, 2001.
. “LDC Debt: Forgiveness, Indexation, and Investment Incentives.” Journal of Finance 44, no. 5 (1989): 1335–1350.
Revised from NBER Working Paper No. 2541, March 1988.
“Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief.” International Economic Review 30, no. 1 (1989): 49–70.
Revised from NBER Working Paper No. 2675, July 1988. Translated into Spanish in Estudios Economicos 4 (July 1989): 31-60.
. “Explaining the Demand for Dollars: International Rates of Return, and the Expectations of Chartists and Fundamentalists.” In Macroeconomics, Agriculture, and the Exchange Rates, , 25–88. Boulder: Westview Press, 1988.
“Adjustment of the U.S. and Japanese External Imbalances. In Papers and Proceedings.” In Fourth Economic Planning Agency International Symposium , , 287–304. Japan: Economic Planning Agency, 1988.
“Credibility, Real Interest Rates, and the Optimal Speed of Trade Liberalization.” Journal of International Economics 25, no. 1-2 (1988): 71–93.
Revised from NBER Working Paper No. 2358, May 1987.
. “Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations.” American Economic Review 77, no. 1 (1987): 133–153.
Revised from NBER Working Paper No. 1672.
. “Short-term and Long-term Expectations of the Yen/Dollar Exchange Rate: Evidence from Survey Data.” Journal of the Japanese and International Economies 1, no. 3 (1987): 249–274.
Revised from NBER Working Paper No. 2216, April 1987.
. “Understanding the U.S. Dollar in the Eighties: The Expectations of Chartists and Fundamentalists.” Economic Record (Special Issue) (1986): 24–38.
Reprinted in Exchange Rate Economics, vol. I, edited by R. MacDonald and M. Taylor, International Library of Critical Writings in Economics, Edward Elgar Publishing, U.K., 1992.