Research papers by type:
Work-in-progress:
- “Trade and financial sector reforms: interactions and spillovers” New draft (May 2008)
- “Thresholds in the process of financial integration” (joint with Ayhan Kose, IMF, and Eswar Prasad, Cornell University)
- “Dealing with diversity - challenges for the IMF credit union model” (joint with Gregor Irwin, Adrian Penalver, and Chris Salmon, Bank of England)
- “FDI and value added volatility”
Journal publications:
- “Highwaymen or Heroes: Should Hedge Funds be Regulated?: A survey” with Jon Danielsson and Jean-Pierre Zigrand (2005), Journal of Financial Stability, 1(4), October, pp. 522-543.
- Press coverage: Financial Times - FT Report - Fund Management: Marketplace,
8 November 2004, p.2 and FT Report - Fund Management, p. 27, 15 November 2004. - Previous version published as Financial Markets Group Discussion Paper No. 518, September 2004.
- Press coverage: Financial Times - FT Report - Fund Management: Marketplace,
- “International Financial Rescues and Debtor Country Moral Hazard” with Prasanna Gai (2004), International Finance, 7(3), pp. 391-420.
- Previous version published as Bank of England Working Paper No. 217, January 2004.
Book chapters:
- “Procyclicality and volatility in the financial system: The implementation of Basel II and IAS 39″ with Charles Goodhart (2006), in Procyclicality of Financial Systems in Asia edited by Stefan Gerlach and Paul Gruenwald, Palgrave Macmillan (based on IMF/HKIMR seminar on Managing Procyclicality in the Financial System: Experiences in Asia and Policy Options, 21-22 November 2004, Hong Kong).
- “Benchmarking Competitiveness Performance In Developing Countries: A First Look At The Manufactured Export Competitiveness Index” with Ganeshan Wignaraja (2003), in Wignaraja, G (ed.) Competitiveness Strategy In Developing Countries, Routledge, 2003.
Working papers:
- “Crisis Spillovers in Emerging Market Economies: Interlinkages, Vulnerabilities and Investor Behaviour” with Simon Hall and Michael Chui (2004), Bank of
England Working Paper No 212. - “Foreign Bank Lending to Emerging Market Economies: Insights and Applications” with Valerie Herzberg (2004), mimeo.
Policy papers:
- “Understanding Capital Flows to Emerging Market Economies within a Push/Pull Framework?” with Gianluigi Ferrucci, Valerie Herzberg, and Farouk Soussa (2004), Bank of England Financial Stability Review, June.
- “Moral hazard: How Does IMF Lending Affect Debtor and Creditor Incentives?” with Andy Haldane (2003), Bank of England Financial Stability Review, June.
- “Spillovers From Recent Emerging Market Crises: What Might Account For Limited Contagion From Argentina?” with Simon Hall (2002), Bank of
England Financial Stability Review, June.