Investor Behavior

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.New Hope for the Expectations Hypothesis of the Term Structure of Interest Rates.” Journal of Finance 44, no. 2 (1989): 283–305. New Hope for the Expectations Hypothesis of the Term Structure of Interest Rates

Revised from NBER Working Paper No. 2363, March 1990. Reprinted in Behavioral Finance, edited by H. Shefrin, part of the International Library of Critical Writings in Financial Economics, edited by R. Roll. London: Edward Elgar Publishing, 2000.

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.

1991
Froot, Kenneth A., and M. Obstfeld. “Intrinsic Bubbles: The Case of Stock Prices.” American Economic Review 81, no. 5 (1991): 1189–1214. Intrinsic Bubbles: The Case of Stock Prices

Revised from NBER Working Paper No. 3091, March 1992. Reprinted in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham, U.K.: Edward Elgar Publishing, 2001.

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.
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.
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.

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.

2001
Froot, K.A., P. O'Connell, and M. Seasholes. “The Portfolio Flows of International Investors.” Journal of Financial Economics 59, no. 2 (2001): 151–193. The Portfolio Flows of International Investors
  • Revised from NBER Working Paper No. 6687 and HBS Working No. Paper 99-006, July 1998. Summarized in the NBER Reporter, 2000.
  • Reprinted in International Capital Markets, R. Stulz and A. Karolyi, eds. U.K.: Edward Elgar Publishing, 2003.
2002
Froot, K.A., and J. Donohue. “The Persistence of Emerging Market Equity Flows.” Emerging Markets Review 3, no. 4 (2002): 338–364. The Persistence of Emerging Market Equity Flows

Revised from NBER Working Paper no. 9241, HBS Working Paper no. 03-035, September 2002.

2004
Froot, Kenneth A., and Jessica D. Tjornhom. “Decomposing the Persistence of International Equity Flows.” Finance Research Letters 1, no. 3 (2004): 154-170. Publisher's Version Decomposing the Persistence of International Equity Flows
Finance Research Letters, Volume 1, Issue 3 (September 2004) (Revised from NBER Working Paper 9079)

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