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Foreign Exchange

1986
Frankel, J., and K.A. Froot. “Understanding the U.S. Dollar in the Eighties: The Expectations of Chartists and Fundamentalists.” Economic Record (Special Issue) (1986): 24–38. Understanding the U.S. Dollar in the Eighties: The Expectations of Chartists and Fundamentalists

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.

Froot, Kenneth A., and Jeffrey A. Frankel. “The Dollar as an Irrational Speculative Bubble: A Tale of Fundamentalists and Chartists.” Marcus Wallenberg Papers in International Finance 1 (1986): 27-55. The Dollar as an Irrational Speculative Bubble: A Tale of Fundamentalists and Chartists

Revised from NBER Working Paper no. 1854.

1987
Frankel, J., and K.A. Froot. “Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations.” American Economic Review 77, no. 1 (1987): 133–153. Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations

Revised from NBER Working Paper No. 1672.

Frankel, J., and K.A. Froot. “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. Short-term and Long-term Expectations of the Yen/Dollar Exchange Rate: Evidence from Survey Data

Revised from NBER Working Paper No. 2216, April 1987.

1988
Frankel, J., and K.A. Froot. “Explaining the Demand for Dollars: International Rates of Return, and the Expectations of Chartists and Fundamentalists.” In Macroeconomics, Agriculture, and the Exchange Rates, edited by R. Chambers and P. Paarlberg, 25–88. Boulder: Westview Press, 1988. Explaining the Demand for Dollars: International Rates of Return, and the Expectations of Chartists and Fundamentalists
1989
Froot, K.A., and T. Ito. “On the Consistency of Short-Run and Long-Run Exchange Rate Expectations.” Journal of International Money and Finance 8, no. 4 (1989): 487–510. On the Consistency of Short-Run and Long-Run Exchange Rate Expectations

Revised from NBER Working Paper No. 2577, May 1988.

Froot, K.A., and J. Frankel. “Forward Discount Bias: Is It an Exchange Risk Premium?” Quarterly Journal of Economics 104, no. 1 (1989): 139–161. Forward Discount Bias: Is it an Exchange Risk Premium?
  • Revision of "Findings of Forward Discount Bias Interpreted in Light of Exchange Rate Survey Data," NBER Working Paper No. 1963 and Sloan Working Paper No. 1906-87, August 1987.
  • Reprinted in Advances in Behavioral Finance, edited by Richard Thaler. New York: Russell Sage Foundation, 1993: 359-382 and in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham, U.K.: Edward Elgar Publishing, 2001.
Froot, K.A., and P. Klemperer. “Exchange Rate Pass-Through When Market Share Matters.” American Economic Review 79, no. 4 (1989): 637–654. Exchange Rate Pass-Through When Market Share Matters

Revised from NBER Working Paper No. 2542, October 1989.

1990
Frankel, Jeffrey A., and Kenneth A. Froot. “Chartists, Fundamentalists and the Demand for Dollars.” Private Behavior and Government Policy in Interdependent Economics (1990): 73-128. Chartists, Fundamentalists and the Demand for Dollars

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.

Frankel, J., and K.A. Froot. “Chartists, Fundamentalists, and Trading in the Foreign Exchange Market.” American Economic Review 80, no. 2 (1990): 181–185. Chartists, Fundamentalists, and Trading in the Foreign Exchange Market

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.

Froot, K.A., and R. Thaler. “Anomalies: Foreign Exchange.” Journal of Economic Perspectives 4, no. 3 (1990): 179–192. Anomalies: Foreign Exchange.pdf

Reprinted in Current Issues in the International Economy: A Reader, edited by L. Goldberg and M. Klein. New York: Harper Collins Publishers, 1992; Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham, U.K.: Edward Elgar Publishing, 2001; and in Open Economy Macroeconomics, Volume II, Part I, Article 4 edited by Norman Miller. Cheltenham, U.K. and Northampton, Mass., U.S.: Edward Elgar Publishing, March 2006: 74-87.

1991
Froot, K.A., and M. Obstfeld. “Stochastic Process Switching: Some Simple Solutions.” Econometrica 59, no. 1 (1991): 241–250. Stochastic Process Switching: Some Simple Solutions
  • Revised from NBER Working Paper No. 2998, July 1989.
  • Reprinted in Exchange Rates and Currency Bonds, edited by P. Krugman and M. Miller. London: CEPR, 1991.
Froot, K.A., and Jeremy Stein. “Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach.” Quarterly Journal of Economics 106, no. 4 (1991): 1191–1217. Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach

Revised from NBER Working Paper No. 2914, March 1989.

Froot, K.A., and M. Obstfeld. “Exchange-rate Dynamics under Stochastic Regime Shifts: A Unified Approach.” Journal of International Economics 31, no. 3-4 (1991): 203–229. Exchange-rate Dynamics under Stochastic Regime Shifts: A Unified Approach

Revised from NBER Working Paper No. 2835, February 1989.

1992
Froot, Kenneth A. “Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market.” International Business Reader (1992). Publisher's Version Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market
London: Oxford University Press, 1992. (Revised from IMF Working Paper no. 90/43.) NBER Working Paper no. 3470, October 1990.
1993
Froot, Kenneth A., David S. Scharfstein, and Jeremy Stein. “Risk Management: Coordinating Corporate Investment and Financing Policies.” Journal of Finance 48, no. 5 (1993): 1629–1658. Risk Management: Coordinating Corporate Investment and Financing Policies
  • 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.
1995
Froot, K.A., B. Murphy, A. Stern, and S. Usher. “The Emerging Asset Class: Insurance Risk.” Viewpoint 24, no. 3 (1995): 19–28. The Emerging Asset Class: Insurance Risk

Originally "Special Report from Guy Carpenter and Company, Inc.," July 1995.

1998
Froot, K.A., and J. Stein. “Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach.” Journal of Financial Economics 47, no. 1 (1998): 55–82. Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach
  • Winner of the 1998 Journal of Financial Economics Jensen Prize for first place for the best paper in the areas of corporate finance and organizations.
  • Revised from NBER Working Paper No. 5403, January 1996 and Harvard Business School Working Paper 96-030, December 1995.
1999
Froot, K.A. “The Limited Financing of Catastrophe Risk: An Overview.” In The Financing of Catastrophe Risk, 1-22. Chicago: University of Chicago Press, 1999. The Limited Financing of Catastrophe Risk: An Overview

Revised from NBER Working Paper No. 6025, May 1997, and HBS Working Paper No. 98-023, September 1997.

Froot, K.A., and P. O'Connell. “The Pricing of US Catastrophe Reinsurance.” In The Financing of Catastrophe Risk, 195–232. Chicago: University of Chicago Press, 1999. The Pricing of US Catastrophe Reinsurance

Revised from NBER Working Paper No. 6043, May 1997, and HBS Working Paper No. 98-018, September 1997.

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