WorldCat Identities

Frankel, Jeffrey A.

Works: 447 works in 1,910 publications in 2 languages and 24,261 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Instrumentalist, Other, Thesis advisor, Translator, Contributor, Author of introduction
Classifications: HG136, 382
Publication Timeline
Most widely held works by Jeffrey A Frankel
World trade and payments; an introduction by Richard E Caves( Book )

77 editions published between 1973 and 2013 in English and held by 1,229 WorldCat member 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 787 WorldCat member 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 WorldCat member libraries worldwide

No single currency regime is right for all countries or at all times by Jeffrey A Frankel( Book )

24 editions published between 1994 and 1999 in English and held by 461 WorldCat member libraries worldwide

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
The regionalization of the world economy by Jeffrey A Frankel( Book )

16 editions published between 1997 and 2007 in English and held by 460 WorldCat member libraries worldwide

Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. The gravity model is supported as a useful method for empirical analysis, first by Deardorff's masterly demonstration of its theoretical underpinnings in virtually all trade models, then by flexible and subtle applications with adequate robustness checks. The papers collectively provide the first concentrated generalization and data-centered execution of Krugman's influential early-1990s bilateralism model
Obstacles to international macroeconomic policy coordination by Jeffrey A Frankel( Book )

24 editions published between 1986 and 1989 in English and Undetermined and held by 459 WorldCat member 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
Financial markets and monetary policy by Jeffrey A Frankel( Book )

15 editions published between 1995 and 1997 in English and Undetermined and held by 458 WorldCat member libraries worldwide

The decade of the 1980s left many central bankers disillusioned with monetarism, so that the question of the optimal nominal anchor remains an open one. In this second collection of his writings on financial markets (the first, On Exchange Rates, covered international finance), Jeffrey Frankel turns his attention to domestic markets, with special attention to how national monetary policy is handled. The fifteen papers are divided into three sections, each introduced by the author. They cover, respectively, optimal portfolio diversification, indicators of expected inflation, and the determination of monetary policy in the face of uncertainty
Regionalism and rivalry : Japan and the United States in Pacific Asia by Jeffrey A Frankel( Book )

19 editions published between 1993 and 2007 in English and held by 450 WorldCat member libraries worldwide

As Japan's newfound economic power leads to increased political power, there is concern that Japan may be turning East Asia into a regional economic bloc to rival the U.S. and Europe. In Regionalism and Rivalry, leading economists and political scientists address this concern by looking at three central questions: Is Japan forming a trading bloc in Pacific Asia? Does Japan use foreign direct investment in Southeast Asia to achieve national goals? Does Japan possess the leadership qualities necessary for a nation assuming greater political responsibility in international affairs?. The authors c
The Internationalization of equity markets by Jeffrey A Frankel( Book )

34 editions published between 1993 and 2008 in English and held by 442 WorldCat member 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 )

14 editions published in 1985 in English and Undetermined and held by 412 WorldCat member 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 WorldCat member 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 exchange rate. These nine innovative essays use a microstructure approach to analyze the workings of the foreign exchange market, with special emphasis on institutional aspects and the actual behavior of market participants. They examine the volume of transactions, heterogeneity of traders, the time of day and location of trading, the bid-ask
Does foreign exchange intervention work? by Kathryn M Dominguez( Book )

12 editions published in 1993 in English and Undetermined and held by 390 WorldCat member libraries worldwide

The yen/dollar agreement, liberalizing Japanese capital markets by Jeffrey A Frankel( Book )

13 editions published in 1984 in English and held by 323 WorldCat member libraries worldwide

Preventing currency crises in emerging markets by Sebastian Edwards( Book )

17 editions published between 2002 and 2009 in English and held by 300 WorldCat member 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 )

13 editions published between 2003 and 2007 in English and held by 293 WorldCat member 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 is 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
Global transmission of interest rates : monetary independence and currency regime by Jeffrey A Frankel( Book )

26 editions published between 2000 and 2002 in English and Undetermined and held by 122 WorldCat member libraries worldwide

Rates but insensitive to U.S. interest rates. This paper-a joint product of Macroeconomics and Growth, Development Research Group, and the Chief Economist Unit, Latin America and the Caribbean Region-is part of a larger effort in the Bank to understand the functioning of alternative currency arrangements. The authors may be contacted at,, or
Currency crashes in emerging markets : empirical indicators by Jeffrey A Frankel( Book )

23 editions published in 1996 in English and held by 109 WorldCat member 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
Open regionalism in a world of continental trade blocs by Shang-Jin Wei( Book )

22 editions published between 1995 and 1998 in English and Undetermined and held by 94 WorldCat member libraries worldwide

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering their trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries. That may not be politically feasible. On the other hand, in a world of simultaneous continental trade blocs, an open regionalism in which trade blocs undertake relatively modest external liberalization can usually produce Pareto improvement. In the bilateral trade data for the period 1970-92, there are indeed regions that, while exhibiting an inward trade bias, nevertheless are consistent with this notion of open regionalism
NBER International Seminar on Macroeconomics 2005 by National Bureau of Economic Research( Book )

15 editions published between 2005 and 2007 in English and Undetermined and held by 61 WorldCat member 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 41 WorldCat member libraries worldwide

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

Frankel, Jeffrey Alexander 1952-

Jeffrey Frankel economist


フランケル, J.A.

フランケル, ジェフェリー・A

フランケル, ジェフリー・A

English (420)

French (1)

American economic policy in the 1990sRegional trading blocs in the world economic systemThe regionalization of the world economyFinancial markets and monetary policyRegionalism and rivalry : Japan and the United States in Pacific AsiaThe Internationalization of equity marketsThe microstructure of foreign exchange marketsDoes foreign exchange intervention work?