REFEREED JOURNAL ARTICLES AND CONFERENCE VOLUMES

EXCHANGE RATE: CONSEQUENCES AND REGIMES

How Economic News Moves Markets
With Leonardo Bartolini and Adam Sacarny
Federal Reserve Bank of New York Current Issues in Economics, Volume 14, # 6, August 2008

The Insensitivity of the CPI to Exchange Rates: Distribution Margins, Imported Inputs, and Trade Exposure  
With Jose Manuel Campa
Review of Economics and Statistics Forthcoming
See also ››
2008 Revision of NBER Working Paper 12121,  

Vehicle Currency Use in International Trade
With Cedric Tille
Journal of International Economics Forthcoming
Read the full text in ScienceDirect  ››
See also ››
Federal Reserve Bank of New York Staff Report 200, January 2005

Pass through of exchange rates to consumption prices: What has changed and why?  
Jose Manuel Campa
International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization and Exchange Rate Policy University of Chicago Press, 2008
35 pages / 133 kb

Exchange Rates and Foreign Direct Investment  
Princeton Encyclopedia of the World Economy, Forthcoming, Princeton University Press

Exchange-Rate Pass-Through to Import Prices in the Euro Area 
With Jose Manuel Campa and Jose M. Gonzalez Minguez
The External Dimension of the Euro Area, edited by Robert Anderton and Filippo di Mauro (Cambridge University Press). 2007
38 pages / 195 kb
See also ››
NBER Working Paper 11632, September 2005

Exchange Rate Pass Through into Import Prices 
With Jose Campa
Review of Economics and Statistics, November 2005, Earlier version distributed as NBER working paper #8934
31 pages / 147 kb

Trade Invoicing in the accession countries: Are they suited to the euro? 
International Seminar on Macroeconomics, ed. Jeffrey Frankel and Christopher Pissarides 2007 (NBER and MIT Press)
41 pages / 241 kb

Employment Versus Wage Adjustment and the U.S. Dollar 
With Jose Campa
Review of Economics and Statistics, Z, August 2001, vol. 83, issue 3, pp. 477-489
34 pages / 105 kb

Gender Differences in the Labor Market Effects of the Dollar 
With Joseph Tracy
American Economic Review: Papers and Proceedings, May 2001, vol. 91, no. 2, pp. 400-405
14 pages / 49 kb

Exchange Rates and Local Labor Markets 
With Joseph Tracy
Trade and Wages, edited by Robert Feenstra, NBER and University of Chicago Press, 2000
35 pages / 258 kb

Exchange Rates and Employment Instability: Evidence from Matched CPS Data 
With Joseph Tracy and Stephanie Aaronson
American Economic Review: Papers and Proceedings, vol 89 no. 2, pp. 204-210, May 1999
12 pages / 40 kb

Investment, Pass-Through, and Exchange Rates: A Cross-Country Comparison 
with Jose Campa
International Economic Review vol. 40 no. 2, pp. 287-314, May 1999
45 pages / 168 kb

Is Optimum Currency Area Theory Irrelevant for Economies in Transition? 
Currency Policies for Emerging Market Economies, edited by Richard Sweeney, Clas Wihlborg, and Thomas Willett, Westview Press, 1999
25 pages / 145 kb

Strategic Trading in a Two-Sided Foreign Exchange Auction 
Journal of International Economics, vol. 42, pp. 299-326
33 pages / 220 kb

Black-Markets for Currency, Hoarding Activity and Policy Reform 
With Il'dar Karimov
Journal of International Economics, vol. 42, pp. 349-370, May 1997
28 pages / 214 kb

Inversion, Transmision Y Tasas De Cambio: Usna Comparacion Entre Paises
With Jose Campa
Inflacion, Estabilizacio y Politca Cambiaria en America Latina, edited by Mauricio Cardenas and Sebastian Edwards, TM Editores Bogota Colombia, in Spanish, 1997

Exchange Rates and Investment Response in Latin America
International Trade and Finance: New Frontiers for Research, Essays in Honor of Peter B. Kenen, edited by Benjamin J. Cohen, Cambridge University Press, 1997

Exchange Rate Regime Reforms with Black Market Leakages
Journal of Development Economics, vol. 48 no.1, pp.167-187, 1995

The Political Economy of Introducing New Currencies in the former Soviet Union
With Barry Ickes and Randi Ryterman
Markets, States and Democracy: The Political Economy of Post-Communist Transformation, edited by B. Crawford, Westview Press, 1995

Policy Initiatives, Currency Markets and Production Choices in Emerging Market Economies
With Il'dar Karimov
Journal of Comparative Economics, vol. 21 no. 3, pp.267-288, 1995

Departures from the Ruble Zone: The Implications of Adopting Independent Currencies
With Barry Ickes and Randi Ryterman
The World Economy vol. 17 no. 3, pp.293-322, 1994

Predicting Exchange Rate Crises: Mexico Revisited
Journal of International Economics vol. 36, pp. 413-430, 1994

Exchange Rates and Investment in United States Industry
Review of Economics and Statistics, vol. LXXV no. 4, pp. 575-588, 1993

Russia's trade and payments system: The third-country regime
Russia: Joining the World Economy, The World Bank, Washington, D.C., 1993

Collapsing Exchange Rates: Shocks and Biases
Journal of International Money and Finance, vol. 10, pp. 252-263, 1991

Collapsing Exchange Rate Regimes: A Theoretical and Empirical Investigation
Ph.D. Dissertation, Princeton University, 1988

INTERNATIONAL BANKING AND CAPITAL FLOWS

Understanding Banking Sector Globalization  
International Monetary Fund Staff Papers Forthcoming

The International Exposure of U.S. Banks: Europe and Latin America Compared 
International Capital Flows, edited by Sebastian Edwards (NBER and University of Chicago Press) 2006
36 pages / 245 kb

Risks in U.S. Bank International Exposures 
With Nicola Cetorelli
Ed. Gerard Caprio, Douglas Evanoff and George Kaufman, Cross Border Banking: Regulatory Challenges (Singapore: World Scientific Publishing Company, Federal Reserve Bank of Chicago and World Bank), 2006
23 pages / 120 kb

When is U.S. Bank Lending to Emerging Markets Volatile? 
Preventing Currency Crises in Emerging Markets, eds. Sebastian Edwards and Jeffrey Frankel, NBER and University of Chicago Press, NBER Working Paper #8209 April 2001 October 2002
27 pages / 230 kb

Introduction  
Topics in Empirical International Economics: A Festchrift in Honor of Robert E. Lipsey, edited by Magnus Blomstrom and Linda S. Goldberg, NBER and University of Chicago Press, 2001, pp. 1-15

Does Foreign Ownership Contribute to Sounder Banks in Emerging Markets? The Latin American Experience 
With Gerard Dages and Jennifer Crystal,
Open Doors: Foreign Participation in Financial Systems in Developing Countries, eds. R. Litan, P. Masson, M. Pomerleano, Brookings Press, 2001, pp. 217-266
51 pages / 147 kb

International Trade and Factor Mobility: An Empirical Investigation 
With Michael Klein
Money, Capital Mobility and Trade: Essays in Honor of Robert Mundell, edited by G. Calvo, R. Dornbusch, and M. Obstfeld, M.I.T. Press, 2001
30 pages / 164 kb

Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries 
With Michael Klein
Managing Capital Flows and Exchange Rates: Perspectives from the Pacific Basin, edited by Reuven Glick, Cambridge University Press, 1998
34 pages / 225 kb

Foreign Direct Investment, Exchange Rate Variability, and Demand Uncertainty 
With Charles D. Kolstad
International Economic Review, vol. 36 no. 4, pp. 855-73, 1995
29 pages / 107 kb

Investment in Manufacturing, Exchange Rates and External Exposure
With Jose Campa
Journal of International Economics, vol. 38, pp. 297-320, 1995

Debt Write-Downs and Debt-Equity Swaps in a Two-Sector Model
With Mark Spiegel
Journal of International Economics, vol. 33 pp. 267-283, 1992

COMMENTS AND BOOK REVIEWS

Assessing China's Exchange Rate Regime
Comment on Jeffrey Frankel and Shang-Jin Wei in Economic Policy Forthcoming, 2007

International Currency and the U.S. Current Account Deficit
Comment on Shin_Ichi Fukuda and Yoshifumi Kon in International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization and Exchange Rate Policy, editors Takatoshi Ito and Andrew Rose Forthcoming, University of Chicago Press

Exchange Rate Regimes in the America's: Is Dollarization the Solution? Discussion of work by Vittorio Corbo 
Monetary and Economic Studies, Bank of Japan, Special issue for conference on Exchange Rate Regimes for the 21st Century
32 pages / 167 kb

Discussion of "Exchange Rate Variability and Investment in Canada" 
By Lafrance and Tessier, Revisiting the Case for Flexible Exchange Rates in North America, November 2000 Conference Proceedings, Ottawa, Bank of Canada, 2001, pp. 269-276
8 pages / 27 kb

Book Review: "Russian Economic Reform at Risk"
Edited by Anders Aslund, Journal of International Economics, May 1997

Book Review: "Currency Convertibility in Eastern Europe"
Edited by John Williamson, Journal of International Economics, July 1992

Book Review: "International Money: Post-War Trends and Theories"
By Paul de Grauwe, Journal of Economic Literature, March 1991

Study Guide to Accompany "International Economics: Theory and Policy"
With Michael Klein
By Paul Krugman and Maurice Obstfeld, 1996, 1994, 1990, Harper-Collins, New York

Instructor's Manual to Accompany "International Economics: Theory and Policy"
With Michael Klein
By Paul Krugman and Maurice Obstfeld, 1996, 1994, 1990, Harper-Collins, New York

Comment on "Fiscal Constraints and Incentives with Monetary Coordination: Implications for Europe 1992"
By Reuven Glick and Michael Hutchinson in Financial Regulation and Monetary Arrangements after 1992, edited by C. Wihlborg, M. Fratianni, and T. Willett, Elsevier: North Holland Press, 1991

Linda Goldberg's CV

The views expressed in the papers listed on this page are those of the author(s) and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System.