Joshua Aizenman

Resource Allocation During the Transition to a Market Economy

Political Feasibility and Investment in Economic Transformations

Macroeconomic Adjustment with Segmented Labor Markets

De facto fiscal space and fiscal stimulus

Capital mobility in a second best world

The competitive externalities and the optimal seigniorage

Financial liberalizations in Latin-America in the 1990s

Theory of Optimum Currency Areas

Trade Liberalization and Unemployment

Takeoffs

Using inflation to erode the U.S. public debt

International Reserves

Financial Versus Monetary Mercantilism

Managing economic volatility and crises

Financial opening

Contagion and Volatility with Imperfect Credit Markets

Exchange market pressure and absorption by international reserves

Capital controls, collection costs, and domestic public debt

Capital markets integration, volatility and persistence

Controlled openness and foreign direct investment

Endogenous financial openness

Exchange rate regimes and financial-market imperfections

Externalities, incentives, and failure to achieve national objectives in decentralized economies

Technological Change, Relative Wages, and Unemployment

Exchange Rate Flexibility, Volatility and the Patterns of Domestic and Foreign Direct Investment

Large hoarding of international reserves and the emerging global economic architecture

Fiscal fragility

Capital controls and financial crises

Current account patterns and national real estate markets

Endogenous pricing to market and financing costs

External debt, planning horizon and distorted credit markets

Financial crisis and the paradox of under- and over-regulation

Sectoral Debt and Global Dollar Cycles in Developing Economies

Real exchange rate and international reserves in the era of growing financial and trade integration

Asset class diversification and delegation of responsibilities between central banks and sovereign wealth funds

The collection efficiency of the value added tax

Economic growth with constraints on tax revenues and public debt

Exchange rate flexibility, volatility, and the patterns of domestic and foreign direct investment

Externalities, incentives, and economic reforms

Financial liberalization in Latin-America in the 1990s