International Macroeconomics, International Finance, Monetary Economics
2004 Ph.D. in Economics, University of California, Santa Cruz
2001 M.A. in Economics, University of California, Santa Cruz
1997 M.A. in International Relations, Johns Hopkins University, Paul H. Nitze School of Advanced International Studies
2004 - present Professor, Department of Economics, Portland State University
2003 - 2004 Visiting Instructor, Department of Economics, Claremont McKenna College
1997 - 1999 Research Associate, Economic Strategy Institute
Selected Publications and Papers
"The More Divergent, the Better?: Lessons on Trilemma Policies, Crises, and Output Losses for Asia" (with Joshua Aizenman). Asian Development Review Volume 31, Number 2 (September 2014).
"Living with the Trilemma Constraint: Relative Trilemma Policy Divergence, Crises, and Output Losses for Developing Countries" (with Joshua Aizenman). Journal of International Money and Finance 49 p.28-51, (May 2014). Also available as NBER Working Paper #19448 (September 2013).
"A Forensic Analysis of Global Imbalances" (with M. Chinn and B. Eichengreen), Oxford Economic Papers (2013), also available as NBER Working Paper Series, #17513 (October 2011).
"The 'Impossible Trinity' Hypothesis in an Era of Global Imbalances: Measurement and Testing" (with Joshua Aizenman and Menzie Chinn). Review of International Economics, 21(3), 447-458 (August 2013).
"China and Global Imbalances from a View of Sectorial Reforms" (with Ulrich Volz). Review of International Economics, Volume 21, Issue 1, pages 57-71 (May 2013).
"Trilemma Policy Convergence Patterns and Output Volatility" (with J. Aizenman). NBER Working Paper #17806. North American Journal of Economics and Finance, Volume 23, Issue 3, December 2012, Pages 269-285 (December 2012).
"Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma," (with Joshua Aizenman and Menzie Chinn), Journal of the Japanese and International Economies, vol. 25(3), p. 290-320 (September 2011).
"The Emerging Global Financial Architecture: Tracing and Evaluating the New Patterns of the Trilemma's Configurations" (with Joshua Aizenman and Menzie Chinn), Journal of International Money and Finance, Vol. 29, No. 4, p. 615-641 (2010).
"Cross-sectional analysis on the determinants of international reserves accumulation" (with Yin-Wong Cheung). International Economic Journal, Vol. 23, No. 4, p. 447-481, (December 2009).
"U.S. Current Account Debate, With Japan then, with China now". Journal of Asian Economics, Volume 20, Issue 3, p. 294-313 (May 2009).
"East Asia and Global Imbalances: Saving, Investment, and Financial Development" (with Menzie Chinn) in Financial Sector Development in the Pacific Rim, edited by Takatoshi Ito and Andrew Rose, National Bureau of Economic Research-East Asian Seminar on Economics (NBER-EASE) Volume 18 (April 2009).
"A New Measure of Financial Openness" (with Menzie Chinn). Journal of Comparative Policy Analysis, Volume 10, Issue 3, p. 309-322 (September 2008).
"Global Current Account Imbalances: American Fiscal Policy versus East Asian Savings" (with Menzie Chinn). Review of International Economics, Volume 16, Issue 3, p. 479-498 (August 2008).
"Price-based Measurement of Financial Globalization: A Cross-Country Study of Interest Rate Parity" (with Menzie Chinn). Pacific Economic Review, Vol. 12, Issue 4 (October, 2007).
"Current Account Balances, Financial Development and Institutions: Assaying the World 'Savings Glut'," (with Menzie Chinn). Journal of International Money and Finance, Volume 26, Issue 4, p. 546-569 (June 2007), also available as NBER Working Paper No. 11761 (November 2005).
"Financial Development in Asia: Thresholds, Institutions, and the Sequence of Liberalization". North American Journal of Economics and Finance, issue 17(3) (December 2006).
"What Matters for Financial Development? Capital Controls, Institutions, and Interactions," (with Menzie Chinn). Journal of Development Economics, Volume 81, Issue 1, Pages 163-192 (October 2006).
"Does China Compete with Japan in the US Market? What About Other East Asian Countries? A Triangular Trade Approach" (with Yushi Yoshida). Asian Pacific Business Review, Volume 12, Number 3, p. 285-307 (July 2006).