# Financial Flows to Emerging Markets ## expand\_more "[Are Bilateral Remittances Countercyclical?](/file_url/1467)," [*Open Economies Review* vol.22, No.1, 2010, pages 1-16](https://link.springer.com/article/10.1007/s11079-010-9184-y)*.* [NBER WP 15419](http://www.nber.org/papers/w15419), 2009. "[The Forward Market in Emerging Currencies: Less Biased than in Major Currencies](/file_url/1468)," with Jumana Poonawala, [*Journal of International Money and Finance*, April 2010, 29, no.3, pp.585-59.](https://www.sciencedirect.com/science/article/pii/S0261560609001247) [Proofs.](/file_url/1468) With appendices: [HKS RWP09-023](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1474849). [NBER WP 12496.](http://www.nber.org/papers/w12496) [Data](/file_url/1469). Errata: In Table 1, the numbers are wrong in the column testing ***t: b=1***. They should be (β-1)/(s.e.β). For example, the *t*-statistic should be 3.88 for Australia, 3.21 for Austria, etc. I am grateful to John Pippenger for pointing this out. Also, Appendix 1 is available in [NBER WP 12496](https://link.springer.com/article/10.2307/3867094) but not in the HKS RWP. "[Carried Away: Everything You Wanted to Know About the Carry Trade](/file_url/1478)," the *Milken Institute Review,* 1st Quarter, 2008, [pages 38-45](http://assets1b.milkeninstitute.org/assets/Publication/MIReview/PDF/38-45mr37.pdf). Revised from: “Getting Carried Away: How the Carry Trade and Its Potential Unwinding Can Explain Movements in International Financial Markets,[”](http://hks.harvard.edu/fs/jfrankel/CarryTradeNov19-2007.pdf) with footnotes and references, Nov. 2007. ["Proposals Regarding Restrictions on Capital Flows," ](/file_url/1479) *African Finance Journal*, [vol 1, part 1, 1999, 92-104.](https://journals.co.za/doi/epdf/10.10520/EJC33774) "The New Financial Architecture: Exchange Rate Regimes and Financial Integration," Policy Brief no. 51, The Brookings Institution, Washington, DC, June 1999. "[Sterilization of Money Inflows: Difficult (Calvo) or Easy (Reisen)](/publications/sterilization-money-inflows-difficult-calvo-or-easy-reisen-0)?" [English version in *Estudios de Economia* ](http://www.econ.uchile.cl/uploads/publicacion/b7f06b65-2ea9-489f-8bbe-83d196cd2499.pdf) (Universidad de Chile: Santiago), vol. 24, no. 2, [December 1997, 263-285](/file_url/1480). Spanish version in *Afluencia de Capitales y Establizacion en America Latina*, edited by Roberto Steiner, Fedesarrollo, Bogota, 1994: 241-267. [Presented at Latinamerican Macroeconomic Network,](/file_url/1482) Cartagena, Colombia, July 29-30, 1993. [WP, UCB, Dec. 1994](/file_url/1481). UCB CIDER WP no.93-024. [IMF WP No. 94/159.](https://www.imf.org/en/Publications/WP/Issues/2016/12/30/Sterilization-of-Money-Inflows-Difficult-Calvo-or-Easy-Reisen-1850) "Liberalized Portfolio Capital Inflows in Emerging Markets: Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence," with Chudozie Okongwu, [*International Journal of Finance and Economics* 1, no. 1, Jan. 1996, 1-23](https://onlinelibrary.wiley.com/doi/abs/10.1002/(SICI)1099-1158(199601)1:1<1::AID-IJFE1>3.0.CO;2-K). [NBER WP no 5156, June 1995](https://www.nber.org/papers/w5156). [WP May 1995](/file_url/1483). "International Capital Mobility in Developing Countries vs. Industrialized Countries: What Do Saving-Investment Correlations Tell Us?" with Michael Dooley and Don Mathieson, [*IMF Staff Papers,* 34, no. 3](https://link.springer.com/article/10.2307/3867094) (September 1987), 503-530. Reprinted in [International Financial Integration, edited by S. Eijffinger and Jan Lemmen](https://ideas.repec.org/b/elg/eebook/2093.html), *International Library of Critical Writings in Economics,* Edward Elgar Publishing, UK. [NBER WP 2043](https://www.nber.org/papers/w2043), [Oct.1985](/file_url/1484). /// See also:- [ Financial Flows to Emerging Markets ](/emerging-markets-terms/financial-flows-emerging-markets) - [ Financial Flows to Emerging Markets ](/international-financial-integration-terms/financial-flows-emerging-markets)