Models of Exchange Rate Determination
"On the Rand: Determinants of the South African Exchange Rate," in the South African Journal of Economics, 75, no.3, September 2007, 425-441. NBER WP 13050, April 2007; CID WP 07-139..
"A Survey of Empirical Research on Nominal Exchange Rates," with Andrew Rose, Handbook of International Economics, edited by Gene Grossman and Kenneth Rogoff (North-Holland, Amsterdam), 1996. NBER WP no. 4865, 1994.
"Why Interest Rates React to Money Announcements: An Explanation from the Foreign Exchange Market," with Charles Engel, 1984, Journal of Monetary Economics 10, no. 1, January, pp.31-39. NBER Working Paper 1049. FRBSF, 1982.
"The Effect of Excessively-Elastic Expectations on Exchange Rate Volatility in the Dornbusch Overshooting Model," 1983, Journal of International Money and Finance 2, no. 1, 39-46.
"Monetary and Portfolio-Balance Models of Exchange Rate Determination," 1983, Economic Interdependence and Flexible Exchange Rates, edited by J. Bhandari and B. Putnam (MIT Press, Cambridge). Reprinted with "Update" in International Economic Policies and Their Theoretical Foundations, edited by J. Letiche (Academic Press, London), 2nd ed., 1992. Reprinted with 1987 "Addendum" in Frankel, On Exchange Rates (MIT Press, Cambridge),1993.
"Tests of Monetary and Portfolio-Balance Models of Exchange Rate Determination," 1984, in Exchange Rate Theory and Practice, edited by J. Bilson and R. Marston (University of Chicago Press, Chicago).
"On the Franc," 1982, published in International As[ects of the Economy in France, Annales de l'INSEE, 47-48, Dec., pp.185-221. Reprinted in The French Economy: Theory and Policy, J. Melitz and C. Wyplosz,, eds. (Westview Press: Boulder, Colorado; Taylor & Francis Group), 1985).
"The Mystery of the Multiplying Marks: A Modification of the Monetary Model:" Review of Economics and Statistics, LXIV, 3, August 1982.
"On The Mark: Reply," American Economic Review 71, no. 5 (December 1981).
"On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials," 1979, American Economic Review 69, no. 4 September, 610-622. Translated to Italian in Flexible Exchange Rates: Theory and Experience, F. Giavazzi and R. Cohen, editors; Etas Libri: Sonzongo (1982). Reprinted also in Exchange Rate Economics, Vol.I, edited by R.MacDonald and M.Taylor, International Library of Critical Writings in Economics, Edward Elgar Publishing, Cheltenham, U.K., 1992.
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