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Frankel, Jeffrey A.

Works: 427 works in 1,881 publications in 4 languages and 23,141 library holdings
Genres: Conference papers and proceedings  Textbooks 
Roles: Author, Editor, Instrumentalist, Thesis advisor, Other, Author of introduction, Contributor
Classifications: HG136, 382
Publication Timeline
Publications about Jeffrey A Frankel
Publications by Jeffrey A Frankel
Most widely held works by Jeffrey A Frankel
World trade and payments; an introduction by Richard E Caves( Book )
90 editions published between 1973 and 2013 in 5 languages and held by 1,315 libraries worldwide
This streamlined edition takes a theoretical approach to world trade and finance. It features updated material, such as the outcome of the Uruguay Round of international tariff negotiations, and sections new to this edition e×amine Eastern European economies and emerging industrialized countries
American economic policy in the 1990s by Jeffrey A Frankel( Book )
16 editions published between 2001 and 2002 in English and Undetermined and held by 790 libraries worldwide
This text attempts to write the history of the making of American economic policy during the 1990s. Each chapter is devoted to a particular area of economic policy and consists of a background paper
Regional trading blocs in the world economic system by Jeffrey A Frankel( Book )
11 editions published between 1997 and 1998 in English and held by 580 libraries worldwide
No single currency regime is right for all countries or at all times by Jeffrey A Frankel( Book )
23 editions published between 1994 and 1999 in English and held by 462 libraries worldwide
Abstract: This essay considers some prescriptions that are currently popular regarding exchange rate regimes: a general movement toward floating, a general movement toward fixing, or a general movement toward either extreme and away from the middle. The whole spectrum from fixed to floating is covered (including basket pegs, crawling pegs, and bands), with special attention to currency boards and dollarization. One overall theme is that the appropriate exchange rate regime varies depending on the specific circumstances of the country in question (which includes the classic optimum currency area criteria, as well as some newer criteria related to credibility) and depending on the circumstances of the time period in question (which includes the problem of successful exit strategies). Latin American interest rates are seen to be more sensitive to US interest rates when the country has a loose dollar peg than when it has a tight peg. It is also argued that such relevant country characteristics as income correlations and openness can vary over time, and that the optimum currency area criterion is accordingly endogenous
Obstacles to international macroeconomic policy coordination by Jeffrey A Frankel( Book )
22 editions published between 1987 and 1989 in English and Undetermined and held by 461 libraries worldwide
Coordination of macroeconomic policies among countries is not as straightforward in practice as it appears in theory. This paper discusses three obstacles to successful international coordination: (1) uncertainty as to the correct initial position of the economy, (2) uncertainty as to the correct objective, and (3) uncertainty as to the correct model linking policy actions to their effects in the economy. Previous results (NBER Working Paper No. 2059) showed that coordination under conditions of policy-maker disagreement about the correct model could very well reduce national welfare rather than raise it. This paper extends those results to allow for explicit policy-maker recognition of uncertainty regarding the correct model, as well as uncertainty regarding the model to which other policy-makers subscribe. It also shows that the potential gains from coordination, even when positive, are usually small relative to the gains from unilateral policy changes based on improved knowledge of the model
The regionalization of the world economy by Jeffrey A Frankel( Book )
16 editions published between 1997 and 2007 in English and held by 456 libraries worldwide
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected p
Financial markets and monetary policy by Jeffrey A Frankel( Book )
14 editions published between 1995 and 1997 in English and Undetermined and held by 454 libraries worldwide
In the first section, Frankel explores what information the theory of optimal portfolio diversification can give the macroeconomist. In the second section, he considers what economic variables central bankers might use to gauge whether monetary policy is too tight or too loose. And in the final section, he looks at the range of uncertainty over policy effects and how that complicates coordination of macroeconomic policymaking. The book concludes with a sympathetic analysis of nominal GDP targeting
Regionalism and rivalry : Japan and the United States in Pacific Asia ( Book )
14 editions published between 1993 and 1995 in English and held by 447 libraries worldwide
The Internationalization of equity markets by Jeffrey A Frankel( Book )
34 editions published between 1993 and 2008 in English and held by 443 libraries worldwide
"This timely volume addresses important recent trends in the internationalization of equity markets. These trends include increasing securitization as many countries come to rely more than ever before on markets in equities and bonds, extensive market integration through foreign investment and resulting links among stock prices around the world, and the opening of national financial systems of newly industrializing countries to international financial flows and institutions as governments remove capital controls and other barriers." "Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, fundamental macroeconomic determinants of securities prices, home-country bias in investing, securities transactions taxes, the role of time and location around the world in stock trading, and the behavior of country funds. Other long-standing questions about equity markets are also addressed, such as market efficiency and the accuracy of models of expected returns, including a particular focus on variances, covariances, and the price of risk, as in the Capital Asset Pricing Model." "The Internationalization of Equity Markets will interest academic and business economists concerned with stock market behavior around the world."--BOOK JACKET
Six possible meanings of overvaluation : the 1981-85 dollar by Jeffrey A Frankel( Book )
15 editions published in 1985 in English and Undetermined and held by 414 libraries worldwide
The microstructure of foreign exchange markets by Jeffrey A Frankel( Book )
19 editions published between 1996 and 2009 in English and French and held by 392 libraries worldwide
The foreign exchange market is the largest, fastest-growing financial market in the world. Yet conventional macroeconomic approaches do not explain why people trade foreign exchange. At the same time, they fail to explain the short-run determinants of the
Does foreign exchange intervention work? by Kathryn M Dominguez( Book )
11 editions published in 1993 in English and Undetermined and held by 386 libraries worldwide
The yen/dollar agreement, liberalizing Japanese capital markets by Jeffrey A Frankel( Book )
12 editions published in 1984 in English and held by 324 libraries worldwide
Preventing currency crises in emerging markets by Sebastian Edwards( Book )
16 editions published between 2002 and 2009 in English and held by 300 libraries worldwide
Topics covered include exchange rate regimes, contagion, the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector, capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption and large players
Managing currency crises in emerging markets by Michael P Dooley( Book )
14 editions published between 2003 and 2007 in English and held by 291 libraries worldwide
The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy debates on these issues-consider how best to reduce the frequency and cost of such crises. The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the im
Currency crashes in emerging markets : empirical indicators by Jeffrey A Frankel( Book )
22 editions published in 1996 in English and held by 107 libraries worldwide
Abstract: We use a panel of annual data for over one hundred developing countries from 1971 through 1992 to characterize currency crashes. We define a currency crash as a large change of the nominal exchange rate that is also a substantial increase in the rate of change of nominal depreciation. We examine the composition of the debt as well as its level, and a variety of other macroeconomic factors, external and foreign. Crashes tend to occur when: output growth is low; the growth of domestic credit is high; and the level of foreign interest rates is high. A low ratio of FDI to debt is consistently associated with a high likelihood of a crash
The endogeneity of the optimum currency area criteria by Jeffrey A Frankel( Book )
21 editions published in 1996 in English and held by 102 libraries worldwide
A country's suitability for entry into a currency union depends on a number of economic conditions. These include, inter alia, the intensity of trade with other potential members of the currency union, and the extent to which domestic business cycles are correlated with those of the other countries. But international trade patterns and international business cycle correlations are endogenous. This paper develops and investigates the relationship between the two phenomena. Using thirty years of data for twenty industrialized countries, we uncover a strong and striking empirical finding: countries with closer trade links tend to have more tightly correlated business cycles. It follows that countries are more likely to satisfy the criteria for entry into a currency union after taking steps toward economic integration than before
Global transmission of interest rates : monetary independence and currency regime by Jeffrey A Frankel( Book )
23 editions published between 2000 and 2002 in English and held by 84 libraries worldwide
Hikes in U.S. interest rates in 1999-2000 have started to spill over to other economies' interest rates, which in many countries have risen to reflect the higher U.S. rates. Are countries with flexible exchange rates better able to isolate their domestic interest rates from this type of negative international shock? Less and less so, as economies become more integrated
NBER International Seminar on Macroeconomics 2005 by Mass.> National Bureau of Economic Research. <Cambridge( Book )
12 editions published between 2005 and 2007 in English and held by 56 libraries worldwide
The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused NBER Macroeconomics Annual, the 2005 volume first explores macroeconomic issues of interest to all advanced economies, then analyzes topical questions concerning the eastward expansion of the European Monetary Union. Jeffrey A. Frankel is James W. Harpel Professor of Capital Formation and Economic Growth at Harvard University's John F. Kennedy School of Government. Christopher A. Pissarides is Professor of Economics at the London School of Economics. Both are Research Associates at the National Bureau of Economic Research
Short-term and long-term expectations of the yen/dollar exchange rate : evidence from survey data by Jeffrey A Frankel( Book )
14 editions published between 1986 and 1988 in English and held by 40 libraries worldwide
Abstract: Three surveys of exchange rate expectations allow us to measure directly the expected rates of return on yen versus dollars. Expectations of yen appreciation against the dollar have been (1) consistently large, (2) variable, and (3) greater than the forward premium, implying that investors were willing to accept a lower expected return on dollar assets. At short-term horizons expectations exhibit bandwagon effects, while at longer-term horizons they show the reverse. A 10 percent yen appreciation generates the expectation of a further appreciation of 2.4 percent over the following week, for example, but a depreciation of 3.4 percent over the following year. At any horizon, investors would do better to reduce the absolute magnitude of expected depreciation. The true spot rate process behaves more like a random walk
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Alternative Names
Frankel, J.
Frankel, J. 1952-
Frankel, Jefferey A. 1952-
Frankel Jeffrey
Frankel, Jeffrey 1952-
Frankel, Jeffrey Alexander 1952-
Jeffrey Frankel economist
フランケル, ジェフェリー・A
English (405)
Japanese (7)
French (5)
Chinese (1)
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