"China's Growth, Stability and Use of International Reserves," with J. Aizenman and Y. Jinjarak, Open Economies Review (25), 407-428, 2014.
"International Risk Sharing During the Globalization Era," with R. Flood and A. Matsumoto, Canadian Journal of Economics 45(2), 394-416, 2012.
"Using Inflation to Erode the U.S. Public Debt," with J. Aizenman, Journal of Macroeconomics 33(4), 524-541, 2011.
"Getting Shut Out of the International Capital Markets: It Doesn't Take Much" with R. Flood, Review of International Economics , Vol. 17, No. 5, 879-889, 2009.
"A Model of the Joint Distribution of Banking and Currency Crises, with R. Flood, Journal of International Money and Finance, Vol. 23, No. 6, 841-865, 2004.
"International Reserve Holdings with Sovereign Risk and Costly Tax Collection," with Joshua Aizenman, Economic Journal 114, 569-591, 2004.
"The Merits of Horizontal Versus Vertical FDI in the Presence of Uncertainty," with Joshua Aizenman, Journal of International Economics, Vol. 62, No. 1, 125-148, 2004.
"Holding International Reserves in an Era of High Capital Mobility," with Robert Flood, Brookings Trade Forum 2001, Washington, D.C.: The Brookings Institution, 1-68, 2002.
"Self-Fulfilling Risk Predictions: An Application to Speculative Attacks," with Robert Flood, Journal of International Economics, Jubilee Issue, Vol. 50, No. 1, 245-268, 2000
"Perspectives on the Recent Currency Crisis Literature," with Robert Flood, International Journal of Finance and Economics, Vol 4, No. 1, 1-26, 1999.
"Volatility and Investment: Interpreting Evidence from Developing Countries," with Joshua Aizenman, Economica, Vol. 66, 157-79, 1999.
"Explaining the Duration of Exchange-Rate Pegs," with Michael Klein, Journal of Development Economics, Vol. 54, No. 2, 387-404, 1997.
"Adjustment to Expected and Unexpected Oil Price Changes," with Lars E.O. Svensson, Canadian Journal of Economics, vol. 17, No. 1, 15-31, 1984.
"The Transmission of Disturbances Under Alternative Exchange-Rate Regimes with Optimal Indexing," with Robert Flood, Quarterly Journal of Economics, 43-66, 1982.
"Insulation Properties of Two-Tier Exchange Rates in a Portfolio-Balance Model," Economica, 61-70, 1981.