Publications

Financial Liberalization and Consumption Volatility in Developing Countries
Abstract
IMF Staff Papers, 52:2 (September 2005), 237-259.

Institutional Quality and International Trade
Review of Economic Studies, 74:3 (July 2007), 791-819.
Abstract Latest Working Paper Version (September, 2006)
IMF Working Paper 04/231 (November, 2004)

Do Some Forms of Financial Flows Protect from Sudden Stops? joint with Paolo Mauro
World Bank Economic Review, 21:3 (September 2007), 389-411.
Abstract Latest Working Paper Version (March, 2007)
IMF Working Paper 06/202 (September, 2006)

Comparative Advantage, Demand for External Finance, and Financial Development, joint with Quy-Toan Do
Journal of Financial Economics, 86:3 (December 2007), 796-834.
Abstract Latest Working Paper Version (November, 2006)
World Bank Policy Research Working Paper 3889 (April, 2006)
[Note: A much earlier version of this paper was issued under the title “Trade and Financial Development,” World Bank Policy Research Working Paper 3347 (June 2004)]

Growth and Risk at the Industry Level: the Real Effects of Financial Liberalization, joint with Romain Ranciere and Mathias Thoenig
Journal of Development Economics, 89:2 (July 2009), 210-222.
Abstract Latest Working Paper Version Supplementary Web Appendix (May, 2008)
CEPR Discussion Paper 6715 (February, 2008)

Trade, Inequality, and the Political Economy of Institutions, joint with Quy-Toan Do
Journal of Economic Theory, 144:4 (July 2009), 1489-1520.
Abstract Latest Working Paper Version (November, 2008)
World Bank Policy Research Working Paper 3836 (February, 2006)
IMF Working Paper 06/56 (February, 2006)

Trade Openness and Volatility, joint with Julian di Giovanni
Review of Economics and Statistics, 91:3 (August 2009), 558-585.
Abstract Latest Working Paper Version (November, 2007)
Centro Luca d'Agliano Development Studies Working Paper 219 (July, 2006)

Putting the Parts Together: Trade, Vertical Linkages, and Business Cycle Comovement, joint with Julian di Giovanni
American Economic Journal: Macroeconomics, 2:2 (April 2010), 95-124.
Abstract Latest Working Paper Version (including supplementary web appendix) (July, 2009)
RSIE Discussion Paper 580 (September, 2008)
VoxEU.org Commentary

The Collapse of International Trade During the 2008-2009 Crisis: In Search of the Smoking Gun, joint with Logan Lewis and Linda Tesar
IMF Economic Review, 58:2 (December 2010), 214-253.
Abstract Latest Working Paper Version (May, 2010, also NBER Working Paper 16006)
RSIE Discussion Paper 592 (October, 2009)
VoxEU.org EBook chapter (a non-technical summary of the findings)

The "Collapse in Quality" Hypothesis, joint with Logan Lewis and Linda Tesar
American Economic Review: Papers and Proceedings, 101:3 (May 2011), 293-297.
Abstract Latest Working Paper Version (including supplementary web appendix) (March 2011)

The Role of Financial Factors in the Trade Collapse: a Skeptic's View, joint with Logan Lewis and Linda Tesar
in Jean-Pierre Chauffour and Mariem Malouche, eds, Trade Finance and Trade During Financial Crises, Washington, DC: The World Bank, 2011, 133-147.
Abstract Latest Working Paper Version (August 2010, also RSIE Discussion Paper 616)

Power Laws in Firm Size and Openness to Trade: Measurement and Implications, joint with Julian di Giovanni and Romain Ranciere
Journal of International Economics, 85:1 (September 2011), 42-52.
Abstract Latest Working Paper Version (May, 2011)
RSIE Discussion Paper 598 (March, 2010)
CEPR Discussion Paper 7773 (March, 2010)

The Risk Content of Exports: A Portfolio View of International Trade, joint with Julian di Giovanni
Forthcoming, 2011 NBER International Seminar on Macroeconomics;
Abstract Latest Working Paper Version (October, 2008)
RSIE Discussion Paper 581
NBER Working Paper 16005

International Trade and Institutional Change
Accepted subject to minor revisions, Journal of Law, Economics, and Organization.
Abstract Latest Version (December, 2011)
NBER Working Paper 17675
RSIE Discussion Paper 579 (September, 2008)