Exchange Rates & Capital Controls

Pegxit Pressure: Evidence from the Classical Gold Standard (with Goncalo Pina) Published in the Journal of International Money and Finance (October 2020). Also available as CEPR Discussion Paper 11640 and CESifo Working Paper 6212.

Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk (with Marc Weidenmier). Published in the Journal of Economic History (June 2015) and CEPR Discussion Paper 10388. An earlier version (October 2009) is available as NBER Working Paper 15401.

Capital Controls and Recovery from the Financial Crisis Capital Controls of the 1930s (with Kirsten Wandschneider) CEPR Discussion Paper 10019, NBER Working Paper 20220, and CAGE WP132.

Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer? (with Richard Burdekin & Marc Weidenmier). Published in the Journal of Money, Credit and Banking (June 2012) and NBER Working Paper 17123.

Trading Silver for Gold: Nineteenth-century Asian Exports and the Political Economy of Currency Unions (with Hans Joachim Voth). Published in Costs and Benefits of Economic Integration in Asia (Oxford University Press-ADB), 2011.

Why did Countries Adopt the Gold Standard? Lessons from Japan (with Masato Shizume & Marc Weidenmier) Published in the Journal of Economic History (March 2010) and NBER Working Paper 15195.