Program Publications
Pomfret, Richard, "The Financial Sector and the Future of Capitalism", Economic Systems 34(1), March 2010, 22-37.
Pomfret, Richard,"The Post-2007 Financial Crisis and Policy Challenges facing Australia", Economic Papers 28(3), September 2009, 254-62.
Pomfret, Richard, Optimum Currency Areas (OCAs), in K. A. Reinert and R. S. Rajan (eds.) The Princeton Encyclopedia of the World Economy. Vol.2. Princeton University Press, Princeton NJ, 2009, 869-77.
Pomfret, Richard, Common Currency, in K. A. Reinert and R. S. Rajan (eds.) The Princeton Encyclopedia of the World Economy. Vol.1. Princeton University Press, Princeton NJ, 2009, 188-91.
Pomfret, Richard, Kazakhstan's Banking Problems, Central Asia Caucasus Analyst, 20 February 2008 - available at http://www.cacianalyst.org/?q=issueachive
Pomfret, Richard, "Currency Areas in Theory and Practice", Economic Record, 81 (253), June 2005, 166-76.
0604 Siregar, Reza Y. and Rajan, Ramkishen S., "Models of Equilibrium Real Exchange Rates Revisited: A Selective Review of the Literature", August 2006
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0602 Pontines, Victor and Siregar, Reza Y., "Fundamental Pitfalls of Exchange Market Pressure-Based
Approaches to Identification of Currency Crises", July 2006
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0601 Pontines, Victor and Siregar, Reza Y., "Exchange Market Intervention and Evidence of
Post-Crisis Flexible Exchange Rate Regimes in Selected East Asian Economies", April 2006
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0520 Siregar, Reza Y. and Pontines, Victor, "External Debt and Exchange Rate Overshooting: The Case of Selected East Asian Countries", October 2005
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0512 Stein, Jerome L., “Optimal debt and equilibrium exchange rates in a Stochastic Environment: An Overview”, June 2005
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0509 Li, Jie and Rajan, Ramkishen S., “Can High Reserves Offset Weak Fundamentals? A Simple Model of Precautionary Demand for Reserves”, June 2005
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0507 Ouyang, Alice Y. and Rajan, Ramkishen S., “Monetary Sterilization in China Since the 1990s: How Much and How Effective?”, June 2005
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0503 Cavoli, Tony and Rajan, Ramkishen S., "Have Exchange Rate Regimes in Asia Become More Flexible in Asia Post Crisis? Re-visiting the Evidence" January 2005
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0502 Cavoli, Tony, "Sterilisation, Capital Mobility and Interest Rate Determination for East Asia" February 2005
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0501 Marrewijk, Charles Van, "Basic Exchange Rate Theories" February 2005
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0414 Marrewijk, Charles Van and Koen G. Berden, "On the Static and Dynamic Costs of Trade Restrictions" November 2004
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0407 Marrewijk, Charles Van, “An Introduction to International Money and Foreign Exchange Markets”, October 2004
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0406 Pontines, Victor and Reza Y. Siregar, “The Yen, The US dollar and The Speculative Attacks Against The Thailand Baht”, October 2004
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0404 Pontines, Victor and Reza Y. Siregar, “Successful and Unsuccessful Attacks:Evaluating the Stability of the East Asian Currencies”, August 2004
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0401 Cavoli, Tony., Ramkishen S. Rajan, and Reza Siregar “A Survey of Financial Integration in East Asia: How Far? How Much Further to Go?”, January 2004.
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0323 Rajan, Ramkishin, Reza Siregar and Graham Bird, "Examining the Case for Reserve Pooling in East Asia: Empirical Analysis", September 2003.
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0318 Bentick, Brian L. and Mervyn K Lewis, “Real Estate Speculation as a Source of Banking and Currency Instability: Lessons from the Asian Crisis”, July 2003.
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0317 Barreto, Raul A. and Kaori Kobayashi, “Open Economy Schumpeterian Growth”, May 2003
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0316 Barreto, Raul A. and Kaori Kobayashi, “Economic Integration and Endogenous Growth Revisited: Pro-competitive Gains from Trade in Goods and the Long Run Benefits to the Exchange of Ideas”, May 2003.
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0315 Wilson, Patrick J. and Ralf Zurbruegg, “Trends and Spectral Response: An Examination of the US Realty Market”, May 2003.
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0314 Esho, Neil and Anatoly Kirievsky, Damian Ward and Ralf Zurbruegg, “Law and the Demand for Property-Casualty Insurance Consumption”, May 2003. (Forthcoming in Journal of Risk and Insurance, 2003).
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0313 Wilson, Patrick J. and Ralf Zurbruegg, “Does it Pay to Diversify Real Estate Assets? - A Literary Perspective”, May 2003.
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0312 Rajan, Ramkishen, “Taxing International Currency Flows: A Financial Safeguard or Financial Bonanza?”, April 2003.
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0311 Rajan, Ramkishen, “Financial Crisis, Capital Outflows and Policy Responses: Simple Analytics and Examples from East Asia”, April 2003.
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0310 Cavoli, Tony and Ramkishen Rajan, “Exchange Rate Arrangements for East Asia Post-Crisis: Examining the Case for Open Economy Inflation Targeting”, April 2003. (Forthcoming in F. Columbus (ed.), Asian Economic and Political Issues Vo. 5, Commack, NY: Nova Science Publishers, forthcoming 2003/2004.)
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0309 Cavoli, Tony and Ramkishen Rajan, "Designing Appropriate Exchange Rate Regimes for East Asia: Inflation Targeting and Monetary Policy Rules", April 2003.
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0308 Allsopp, Louise, "Speculative Behaviour, Debt Default and Contagion: An Explanation of the Latin American Crisis 2001-2002", March 2003.
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0305 Allsopp, Louise, "Venezuela: A Nation In Need of Reform", March 2003.
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0304 Allsopp, Louise and Rafl Zurbruegg, "Purchasing Power Parity in East Asia: Why all the Fuss?", March 2003.
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0303 Allsopp, Louise and Ralf Zurbruegg, "Purchasing Power Parity and the Impact of the East Asian Currency Crisis", March 2003.
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0302 Siregar, Reza and Ramkishen Rajan, "Exchange Rate Policy and Foreign Exchange Reserves Management in Indonesia in the Context of East Asian Monetary Regionalism" March 2003.
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0229 Rajanguru, Gulasekaran and Reza Siregar, "Sources of Variations Between the Inflation Rates of Korea, Thailand and Indonesia During The Post-1997 Crisis". November 2002.
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0226 Rajan, Ramkishen and Rahul Sen, "Liberalisation of Financial Services in Southeast Asia under the ASEAN Framework Agreement on Services (AFAS)" October 2002. (Published in Journal of International Banking Law, 18(3): 132-4, 2003.)
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0222 Rajan, Ramkishen and Graham Bird, “Will Asian Economies Gain from Liberalizing Trade in Services?” September 2002. (Published in Journal of World Trade, 36(6): 1061-1069, 2002.)
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0221 Siregar, Reza Y. and Gulasekaran Rajaguru, “Base Money and Exchange Rate: Sources of Inflation in Indonesia during the Post-1997 Financial Crisis” August 2002.
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0220 Rajan, Ramkishen, “International Financial Liberalisation in Developing Countries: Lessons from Recent Experiences” July 2002. (Published in Economic and Political Weekly 37 (29): 3017-21, July 20-26, 2002).
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0219 Rajan, Ramkishen, Reza Siregar and Graham Bird, “Capital Flows and Regional Financial Interdependencies in the Context of Crises: Evidence From East Asia” August 2002.
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0218 Bird, Graham and Ramkishen Rajan, “The Political Economy of A Trade-First Approach to Regionalism”, July 2002.
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0217 Rajan, Ramkishen and Rahul Sen, "Liberalisation of International Trade in Financial Services in Southeast Asia: Indonesia, Malaysia, Philippines and Thailand", July 2002. (Published in Journal of International Financial Markets, 4(5): 170-80, 2002.)
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0212 Teuku Rahmatsyah, Gulasekaran Rajaguru and Reza Y. Siregar, "Exchange Rate Volatility, Trade and “Fixing for Life” in Thailand", June 2002. (Forthcoming in Japan and The World Economy).
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0210 Bird, Graham and Ramkishen Rajan, "Too Much of a Good Thing?: The Adequacy of International Reserves in the Aftermath of Crises", April 2002. (Forthcoming in The World Economy).
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0205 Siregar, Reza and Ramkishen Rajan, "Impact of Exchange Rate Volatility on Indonesia's Trade Performance in the 1990s", March 2002.
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0203 Bird, Graham and Ramkishen Rajan, "The Evolving Asian Financial Architecture", January 2002. (Revised version published as a Princeton Essay in International Economics, No. 226, March-April 2002).
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0201 Rajan, Ramkishen, "Safeguarding Against Capital Account Crises: Unilateral, Regional and Multilateral Options for East Asia", 2002. (Forthcoming in G. de Brouwer (ed.), Financial Arrangements in East Asia, London: Routledge, 2002.)
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0150 Rajan, Ramkishen, "Economic Globalization and Asia: Trade, Finance and Taxation", 2001. (Published in ASEAN Economic Bulletin, 18(1), pp.1-11, 2001.)
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0149 Rajan, Ramkishen and Iman Sugema, "The Devaluation of the Thai Baht and a Simple Second Generation Currency Crisis Model", December 2001. (Published in Economia Internazionale (International Economics), 55(1): 47-54, 2002.)
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0148 Rajan, Ramkishen, "International Financial Flows and Regional Financial Safeguards in East Asia", December 2001. (Forthcoming in S.Y. Chia and R. Feinberg (eds.), APEC at the Dawn of the 21st Century, Institute of Southeast Asian Studies: Singapore, 2002.)
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0137 Rajan, Ramkishen, “Choosing an appropriate exchange rate regime for small and open economies”, October 2001. (Paper prepared for Malaysian Economic Outlook 2001, organized by the Malaysian Institute for Economic Research, Kuala Lumpur, Malaysia; forthcoming as a MIER Briefing Paper in Economics, 2003).
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0135 Rajan, Ramkishen and Chung-Hua Shen, “Are Crisis-Devaluations contractionary?”, September 2001.
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0133 Rajan, Ramkishen and Graham Bird, Still the Weakest Link: the Domestic Financial System and Post-Crisis Recovery in East Asia”, July 2001. (Revised version published in Development Policy Review 19 (3), 355-66, 2001.) Download
0132 Rajan, Ramkishen and Bird, Graham, “Banks, Maturity Mismatches and Liquidity Crises: a Simple Model”, July 2001. (Forthcoming in Economia Internazionale (International Economics), 2002.)
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0131 Montreevat, Sakulrat and Rajan, Ramkishen, “Banking Crisis, Restructuring and Liberalization in Emerging Economies: An Analytic Case Study of Thailand”, June 2001.
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0128 Rajan, Ramkishen S., "Revisiting the Case for a Tobin Tax Post Asian Crisis: a Financial Safeguard or Financial Bonanza?" June 2001. (Paper prepared for presentation at a United Nations Meeting on Resource Mobilisation for Development, New York, June 25-26, 2001. Summarised version published as "The Tobin Tax: A Global Tax for Global Puposes?", Economic and Political Weekly, 37 (11): 1024-6, March 16, 2002.)
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0127 Rajan, Ramkishen S. and Graham Bird, "Regional Arrangements for Providing Liquidity in a Financial Crisis: Developments in Asia", June 2001.(Published in Pacific Review 15(3): 359-80, 2002.)
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0124 Rajan, Ramkishen S., "On the Road to Recovery? International Capital Flows and Domestic Financial Reforms in East Asia", May 2001. (Forthcoming in conference proceedings.)
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0120 Barnes, Michelle, and Shiguang Ma, "Market Efficiency or not? The Behaviour of China’s Stock Prices in Response to the Announcement of Bonus Issues," April 2001.
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0119 Ma, Shiguang, and Michelle Barnes, "Are China’s Stock Markets Really Weak-form Efficient?" April 2001.
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0117 Bird, Graham, and Ramkishen S. Rajan, "Economic Globalization: How Far and How Much Further?" April 2001. (Published in World Economics, 2 (3), pp.1-18, 2001.)
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0111 Harris, Richard G., "The New Economy and the Exchange Rate Regime," March 2001.
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0110 Harris, Richard G., "Is there a Case for Exchange Rate Induced Productivity Changes?", March 2001.
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0109 Harris, Richard G., "The New Economy, Globalization and Regional Trade Agreements", March 2001.
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0108 Rajan, Ramkishen S., "Economic Globalization and Asia: Trade, Finance and Taxation", March 2001. (Published in ASEAN Economic Bulletin, 18(1), pp. 1-11, 2001.)
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0107 Chang, Chang Li Lin, Ramkishen S. Rajan, "The Economics and Politics of Monetary Regionalism in Asia", March 2001. (Published in ASEAN Economic Bulletin, 18(1), pp.103-18, 2001.)
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0105 Manzano, George, "Is there any Value-added in the ASEAN Surveillance Process?" February 2001. (Published in ASEAN Economic Bulletin, 18(1), pp. 94-102, 2001).
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0050 Allsopp, Louise, "A Model to Explain the Duration of a Currency Crisis", December 2000. (Since published in International Journal of Finance & Economics 5: 331-337, (2000).)
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0048 Allsopp, Louise, "Common Knowledge and the Value of Defending a Fixed Exchange Rate", December 2000. (Since published in Journal of Macroeconomics 24 (1) (Winter 2002).)
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0045 Rajan, Ramkishen S., Rahul Sen and Reza Siregar, "Misalignment of the Baht, Trade Imbalances and the Crisis in Thailand", November 2000.
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0044 Graham Bird and Ramkishen S. Rajan, "Does FDI Guarantee Stability of International Capital Flows? Evidence from Malaysia", November 2000 (Since published in Development Policy Review, 20(2): 191-202, 2002.)
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0043 Graham Bird and Ramkishen S. Rajan, "Recovery or Recession? Post-Devaluation Output Performance: The Thai Experience", November 2000.
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0042 Rajan, Ramkishen S. and Rahul Sen, " Hong Kong, Singapore and the East Asian Crisis: How Important Were Trade Spillovers?", November 2000. (Since published in The World Economy, 25(4): 503-37, 2002.)
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0040 Rajan, Ramkishen S., "Are Multinational Sales to Affiliates in High Tax Countries Overpriced? A Simple Illustration", October 2000. (Published in Economia Internazionale (International Economics), 53(4): 551-7, 2000.)
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0039 Rajan, Ramkishen S., and Reza Siregar, "Private Capital Flows in East Asia: Boom, Bust and Beyond", September 2000. (Since published in Financial Markets and Policies in East Asia, Policies in East Asia edited by G. de Brouwer, Routledge Press: 47-81, 2002.)
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0036 Barnes, Michelle L., "Threshold Relationships among Inflation, Financial Market Development and Growth", August 2000
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0033 Nguyen, Tin, "Foreign Exchange Market Efficiency, Speculators, Arbitrageurs and International Capital Flows", July 2000
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0031 Rajan, Ramkishen S., and Reza Siregar, "The Vanishing Intermediate Regime and the Tale of Two Cities: Hong Kong versus Singapore", July 2000. Revised version published as "The Choice of Exchange Rate Regime: Currency Board (Hong Kong) or Monitoring Band (Singapore)?", Australian Economic Papers, 41(4): 538-56, 2002.
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0030 Rajan, Ramkishen S., " (Ir)relevance of Currency Crisis Theory to the Devaluation and Collapse of the Thai Baht", July 2000. (Revised version published as a Princeton Study in International Economics No. 88, International Economics Section (formerly International Finance section), Princeton University, 2000.)
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0028 Rajan, Ramkishen S., "Currency Basket Regimes for Southeast Asia: the Worst System with the Exception of All Others", June 2000. (Revised version published in The World Economy, 25(1): 137-63, 2002 as "Exchange Rate Policy Options for Post-Crisis South East Asia: is there a Case for Currency Baskets?")
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0024 Farrell, Roger, "Research Issues in Japanese Foreign Direct Investment", May 2000
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0014 Bird, Graham and Ramkishen S. Rajan, "Restraining International Capital Movements: what does it mean?", March 2000 (Published in Global Economic Quarterly 1 (2): 57-80, 2000.)
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0012 Bird, Graham and Ramkishen S. Rajan, "Resolving the Interest Rate Premium Puzzle: Capital Inflows and Bank Intermediation in Emerging Economies", March 2000
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0003 Francois, Joseph, and Ian Wooton, "Market Structure, Trade Liberalisation and the GATS", February 2000
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0002 Rajan, Ramkishen S., "Examining a Case for an Asian Monetary Fund", January 2000 (Revised version with Graham Bird published in World Economics, 1 (2), pp. 135-43, 2000).
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99/29 Rajan, Ramkishen S., "Financial and Macroeconomic Cooperation in ASEAN: Issues and Policy Initiatives", December 1999. (Published in Mya Than (ed.), ASEAN: Beyond the Regional Crisis: Challenges and Initiatives, Institute of Southeast Asian Studies: Singapore, pp. 126-47, 2000)
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99/27 Rajan, Ramkishen S., "Fragile Banks, Government Bailouts and the Collapse of the Thai Baht", November 1999
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99/25 Rajan, Ramkishen S. and Iman Sugema, "Capital Flows, Credit Transmission and the Currency Crisis in Southeast Asia", November 1999. (Revised version is forthcoming in Journal of International Development under the title "Why was there a Pre-crisis Capital Inflows Boom in Southeast Asia?") (with Reza Siregar).
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99/23 Asher, Mukul G. and Ramkishen S. Rajan, "Globalization and Tax Structures: Implications for Developing Countries with Particular Reference to Southeast Asia", October 1999. (Since published in ASEAN Economic Bulletin, 18(1): 119-139, 2001.)
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99/22 Rajan, Ramkishen S. and Iman Sugema, "Government Bailouts and Monetary Disequilibrium: Common Fundamentals in the Mexican and East Asian Crises", October 1999. (Revised version published in North American Journal of Economics and Finance, 11(2), pp. 123-35, 2000)
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99/20 Rajan, Ramkishen S., "Not Fixed, Not Floating: What About Optimal Basket Pegs for Southeast Asia?", September 1999. (Version entitled "Optimal Currency Baskets and the Third currency Phenomenon" Exchange Rate Policy in Southeast Asia" with Graham Bird since published in Journal of International Development, 14(8): 1053-73, 2002.
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99/16 Bird, Graham and Ramkishen S. Rajan, "Banks, Finanical Liberalization and Financial Crises in Emerging Markets", August 1999 (Revised version published in The World Economy, 24 (7): 889-910, 2001).
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99/15 Irwin, Gregor and David Vines, "A Krugman-Dooley-Sachs Third Generation Model of the Asian Finanical Crisis", August 1999.
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99/13 Bird, Graham and Ramkishen S. Rajan, "Coping with and Cashing in on International Capital Volatility", August 1999 (Revised version published in Journal of International Development, 13 (1): 1-23, 2001.)
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99/12 Rajan, Ramkishen S., "Banks, Financial Liberalization and the 'Interest Rate Premium Puzzle' in East Asia", August 1999.
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99/11 Bird, Graham and Ramkishen S. Rajan, "Would International Currency Taxation Help Stabilise Exchange Rates in Developing Countries?", July 1999 (Revised version published in Journal of Development Studies, 37(3): 21-38, 2001.)
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97/04 Bora, B. and M. K. Lewis, "The Australian Financial System: Evolution, Regulation and Globalisation", April 1997. (Forthcoming in Law and Policy in International Business.)
