30. Money-Output Revisited: Time-Varying Granger Causality Evidence from Forty-Three Countries (with D. Luvsannyam, G. Bayarmagnai). Open Economies Review (accepted).

29. Which Financial Inclusion Indicators and Dimensions Matter for Income Inequality? A Bayesian Model Averaging Approach (with R. Mercado). Empirical Economics (forthcoming). An earlier working paper version is available here and here.

28. Climate Risk and the Natural Interest Rate: An E-DSGE Perspective (with P. Levine). Economics Letters, 238 May 2024, 111719.

27.  Portfolio Capital Flows and the US Dollar Exchange Rate: Viewed from the Lens of Time and Frequency Dynamics of Connectedness (with M. Goswami, Y. Mohammed). International Review of Financial Analysis, volume 89, October 2023, 102754. An earlier working paper version is available here and here.

26.   LIBOR meets machine learning: A Lasso regression approach to detecting data irregularities (with O. Rummel). Finance Research Letters, 55 Part A, 2023, 103852.

25.   The Dynamics of Business Cycle Connectedness and the Decoupling of Asia-Pacific (with D. Luvsannyam, K. Batmunkh, T. Otgonbat) .  International Journal of Finance and Economics , 28(2), 2023, pp. 1667-1692.  

24.  The Effectiveness of Currency Intervention: Evidence from Mongolia (with D. Luvsannyam, E. Atarbaatar, U. Munkhtsetseg). Journal of International Financial Markets, Institutions & Money ,  75, 2021, 101439.  An earlier working paper version is available here and here.

23.   The Real Effects of Loan-to-Value Limits: Empirical Evidence from Korea. Empirical Economics, 61(3), 2021, pp. 1311-1350. An earlier working paper version is available here and here.

22.   A Provincial View of Consumption Risk Sharing in Korea: Asset Classes as Shock Absorbers. Journal of the Japanese and International Economies, 55(C), 2020. An earlier working paper version is available here and here.

21.  Non-core Liabilities and Interest Rate Pass-through: Bank-level Evidence from Indonesia (with R. Siregar). Applied Economics, 51 (25), 2019, pp. 2703-2714.  Working paper version.

20. Self-selection and Treatment Effects: Revisiting the Effectiveness of Foreign Exchange Intervention. Journal of Macroeconomics, 57, 2018, pp. 299-316. Working paper version.

19. Financial Stability and Financial Inclusion: The Case of SME Lending (with P. Morgan). Singapore Economic Review, 63 (1), 2018, pp. 111-124. Working paper version.

18. The Financial Cycles in Four East-Asian Economies. Economic Modelling, 65, 2017, pp. 51-66. Working paper version.

17. Is There Really a Renminbi-bloc in Asia?: A modified Frankel-Wei approach (with M. Kawai). Journal of International Money and Finance, 62, 2016, pp. 72-97. 

16. Asian Currency Unit (ACU), deviation indicators and exchange rate coordination in East Asia: A panel-based convergence approach (with K. You). Japan and the World Economy, 36, 2015, pp. 42-55. 

15. How Useful is an Asian Currency Unit (ACU) Index for Surveillance in East Asia? Economic Systems, 39, 2015, pp. 269-287. 

14. How should we Bank with Foreigners? An Empirical Assessment of Lending Behavior of International Banks to Six East Asian Countries (with R. Siregar). International Review of Economics and Finance, vol. 29, 2014, pp. 552-568. 

13.  Inflation Targeting and Exchange Rate Volatility: A Treatment Effect Regression Approach. International Economic Journal, vol. 27, issue 1, 2013, pp. 25-39. 

12.  Exchange Rate Asymmetry and Flexible Exchange Rates under Inflation Targeting Regimes: Evidence from four East and SouthEast Asian Economies (with R. Siregar). Review of International Economics, vol. 20, issue 5, November 2012, pp. 893-908. 

11.  Managed Floating by Stealth: The Case of Taiwan (with T. Cavoli and R. Rajan). Journal of Asia and the Pacific Economy, vol. 17, no. 3, August 2012, pp. 514-526.  

10. Fear of Appreciation in East and SouthEast Asia: The Role of the Chinese Renminbi (with R. Siregar). Journal of Asian Economics, vol. 23, issue 4, August 2012, pp. 324-334. 

9. Foreign Exchange Market Intervention and Reserve Accumulation in Emerging Asia: Is there Evidence of “Fear of Appreciation”? (with R. Rajan). Economics Letters, vol. 111, 3, June 2011, pp. 252-255. 

8. Regime Dependence, Mrs. Machlup’s Wardrobe and the Accumulation of International Reserves in Asia (with Li Yongqiang). Economics Letters, vol. 110, 3, March 2011, pp. 231-234 . 

7.  Fat-Tails and House Prices in OECD Countries. Applied Economics Letters, vol. 17, 14, 2010, pp. 1373-1377. 

6.  Optimal Common Currency Basket in East Asia, Applied Economics Letters, vol. 16, 11, 2009, pp. 1139-1141. 

5.  Tranquil and Crisis Windows, Heteroscedasticity, and Contagion Measurement: MS-VAR Application of the DCC Procedure (with R. Siregar). Applied Financial Economics, vol. 19, 9, 2009, pp. 745-752. 

4.  The Asian Currency Unit: Exploring Alternative Currency Weights (with R. Rajan), Macroeconomics and Finance in Emerging Market Economies, vol. 1 issue 2, 2008, pp. 269-278. 

3.  Fundamental Pitfalls of Exchange Market Pressure-Based Approaches to Identification of Currency Crises (with R. Siregar), International Review of Economics and Finance, vol. 17, no. 3, 2008, pp. 345-365. 

2. The Yen, the US Dollar and the Trade Weighted Basket of Currencies: Does the Choice of Anchor Currencies Matter in Identifying Incidences of Speculative Attacks? (with R. Siregar), Japan and the World Economy, vol. 19, issue 2, March 2007, pp. 214-235. 

1.  Identifying and Dating the Episodes of Speculative Pressures Against the Singapore Dollar, Singapore Economic Review, 51(2), pp. 113-134, August 2006 (with R. Siregar).