Author/Editor: Robin Brooks, Kenneth Rogoff, Ashoka Mody, Nienke Oomes, Aasim M. Husain.

Release Date:May, 2004

The issue of the appropriate exchange rate regime for individual countries has been perennially lively, and the role played by international capital flows and domestic financial systems in more...

Author/Editor: Aasim M Husain, Ashoka Mody, Nienke Oomes, Robin Brooks, Kenneth Rogoff.

Release Date:December, 2003

Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free more...

Author/Editor: Robin Brooks, Marco Del Negro.

Release Date:March, 2003

We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate more...

Author/Editor: Marco Del Negro, Robin Brooks.

Release Date:November, 2002

We investigate the relative importance of country and industry effects in international stock returns, with the innovation that we decompose country effects into region and within-region country more...

Author/Editor: Robin Brooks, Marco Del Negro.

Release Date:September, 2002

The degree of comovement across national stock markets has increased dramatically since the mid-1990s. This has overturned a stylized fact in the international portfolio diversification literature more...

Author/Editor: Robin Brooks, Torsten Sloek, Manmohan S Kumar, Hali J Edison.

Release Date:December, 2001

This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the yen against the dollar. Net portfolio flows from the euro area into U.S. more...