
Reuven Glick
Group Vice President
International Research
International trade and finance, Monetary policy, Pacific Basin economies
CV (pdf, 644.6 kb)
Profiles: Google Scholar | RePEc
Published Articles (Refereed Journals and Volumes)
Replicating and Projecting the Path of COVID-19 with a Model-Implied Reproduction Number
Infectious Disease Modelling 5, 2020, 635-651 | with Buckman, Lansing, Petrosky-Nadeau, and Seitelman
abstract (+)R* and the Global Economy
Journal of International Money and Finance 105, April 2020
abstract (+)Unconventional Monetary Policy and the Dollar: Conventional Signs, Unconventional Magnitudes
International Journal of Central Banking 14(5), December 2018, 103-152 | with Leduc
abstract (+)Currency Unions and Regional Trade Agreements: EMU and EU Effects of Trade
Comparative Economic Studies 59(2), June 2017, 194-209
abstract (+)Conditional PPP and Real Exchange Rate Convergence in the Euro Area
Journal of International Money and Finance 73, May 2017, 78-92 | with Bergin and Wu
abstract (+)Currency Unions and Trade: A Post-EMU Reassessment
European Economic Review 87, August 2016, 78-91 | with Rose
abstract (+)Mussa Redux and Conditional PPP
Journal of Monetary Economics 68, November 2014, 101-114 | with Bergin and Wu
abstract (+)Asset Class Diversification and Delegation of Responsibilities between Central Banks and Sovereign Wealth Funds
International Journal of Central Banking 10(3), September 2014, 129-161 | with Aizenman
abstract (+)China’s Financial Linkages with Asia and the Global Financial Crisis
Journal of International Money and Finance 39, December 2013, 186-206 | with Hutchison
abstract (+)The Micro-Macro Disconnect of Purchasing Power Parity
Review of Economics and Statistics 95(3), May 2013, 798-812 | with Bergin and Wu
abstract (+)China’s Financial Openness and Asset Return Linkages in East Asia
In The Oxford Handbook of the Economics of the Pacific Rim, Ch. 25, ed. by Inderjit Kaur and Nirvikar Singh | Oxford: Oxford University Press, 2013 | with Hutchison
Central Bank Announcements of Asset Purchases and the Impact on Global Financial and Commodity Markets
Journal of International Money and Finance 31(8), December 2012, 2078-2101 | with Leduc
abstract (+)The Illusive Quest: Do International Capital Controls Contribute to Currency Stability?
International Review of Economics and Finance 20(1), January 2011, 59-70 | with Hutchison
abstract (+)Collateral Damage: Trade Disruption and the Economic Impact of War
The Review of Economics and Statistics 92(1), February 2010, 102-127 | with Taylor
abstract (+)Endogenous Tradability and Some Macroeconomic Implications
Journal of Monetary Economics 56(8), November 2009, 1086-1095 | with Bergin
abstract (+)Sterilization, Monetary Policy, and Global Financial Integration
Review of International Economics 17(4), September 2009, 777-801 | with Aizenman
abstract (+)Navigating the Trilemma: Capital Flows and Monetary Policy in China
Journal of Asian Economics 20(3), May 2009, 205-224 | with Hutchison
abstract (+)Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance
International Finance 12(3), Winter 2009, 351-386 | with Aizenman
abstract (+)Pegged Exchange Rate Regimes–A Trap?
Journal of Money, Credit, and Banking 40(4), June 2008, 817-835 | with Aizenman
abstract (+)A Model of Endogenous Nontradability and its Implications for the Current Account
Review of International Economics 15(5), November 2007, 916-931 | with Bergin
abstract (+)Tradability, Productivity, and International Economic Integration
Journal of International Economics 73(1), September 2007, 128-151 | with Bergin
abstract (+)Global Price Dispersion: Are Prices Converging or Diverging?
Journal of International Money and Finance 26(5) , September 2007, 703-729 | with Bergin
abstract (+)Currency Crises, Capital Account Liberalization, and Selection Bias
Review of Economics and Statistics 88(4), November 2006, 698-714 | with Guo and Hutchison
abstract (+)Productivity, Tradability, and the Long-Run Price Puzzle
Journal of Monetary Economics 53(8), November 2006, 2041-2066 | with Bergin and Taylor
abstract (+)Military Expenditure, Threats, and Growth
Journal of International Trade and Economic Development 15(2), June 2006, 129-155 | with Aizenman
abstract (+)Capital Controls and Exchange Rate Instability in Developing Countries
Journal of International Money and Finance 24(3), April 2005, 387-412 | with Hutchison
abstract (+)Does a Currency Union Affect Trade? The Time Series Evidence
European Economic Review 46(6), June 2002, 1125-1151 | with Rose
abstract (+)Is Money Still Useful for Policy in East Asia?
In Inflation Targeting: Theories, Empirical Models, and Implementation in Pacific Basin Economies, Proceedings of 14th Pacific Basin Central Bank Conference | Bank of Korea, 2002 | with Moreno
abstract (+)Fixed versus Flexible Exchange Rates: Is It Possible to Manage in the Middle?
In Financial Markets and Policies in East Asia, ed. by de Brouwer | New York: Routledge Press, 2001
abstract (+)Financial Crises in Emerging Markets: An Introductory Overview
In Financial Crises in Emerging Markets, ed. by Glick, Moreno, and Spiegel | New York: Cambridge University Press, 2001. 1-34 | with Moreno and Spiegel
Banking and Currency Crises: How Common Are Twins?
In Financial Crises in Emerging Markets, ed. by Glick, Moreno, and Spiegel | New York: Cambridge University Press, 2001 | with Hutchison
abstract (+)Foreign Reserve and Money Dynamics with Asset Portfolio Adjustment: International Evidence
Journal of International Financial Markets, Institutions, and Money 10(3-4), December 2000, 229-247 | with Hutchison
abstract (+)Contagion and Trade: Why Are Currency Crises Regional?
Journal of International Money and Finance 18(4), August 1999 | with Rose
Money and Credit, Competitiveness, and Currency Crises in Asia and Latin America
In Monetary Policy and the Structure of the Current Account. Proceedings of 13th Pacific Basin Central Bank Conference | Mexico City: Bank of Mexico, 1999 | with Moreno
Origins of the Asian Financial Crisis: Impulses and Propagation Mechanisms
In The Asian Financial Crisis: Origins, Implications, and Solutions, ed. by Hunter, Kaufman, and Krueger | Boston: Kluwer Academic Publishers, 1999
Contagion and Trade: Explaining the Incidence and Intensity of Currency Crises
In The Asian Financial Crises: Causes, Contagion, and Consequences, ed. by Agenor, Miller, Vines, and Weber | New York: Cambridge University Press, 1999 | with Rose
Is Pegging the Exchange Rate a Cure for Inflation? East Asian Experiences
In Exchange Rate Policies for Emerging Market Economies, ed. by Sweeney, Wihlborg, and Willett | Westview Press, 1999 | with Moreno and Hutchison
Exchange Rate Regimes and International Trade
In International Trade and Finance: New Frontiers for Research, Essays in Honor of Peter B. Kenen, ed. by Cohen | New York: Cambridge University Press, 1997 | with Wihlborg
Real Exchange Rate Effects of Monetary Disturbances under Different Degrees of Exchange Rate Flexibility: An Empirical Analysis
Journal of International Economics 38(3-4), May 1995 | with Kretzmer and Wihlborg
Global versus Country-Specific Productivity Shocks and the Current Account
Journal of Monetary Economics 35(1), February 1995 | with Rogoff
Capital Flows and Monetary Policy in East Asia
In Monetary and Exchange Rate Management with International Capital Mobility: Experiences of Countries and Regions along the Pacific Rim. Proceedings of 11th Pacific Basin Central Bank Conference | Hong Kong: Hong Kong Monetary Authority, 1995 | with Moreno
Foreign Exchange Intervention and Sterilization Dynamics in Japan
In International Financial Markets in Northeast Asia: Assessments and Prospects, ed. by Nam and Pyo | Korea Development Institute and Institute of World Economy, 1994
Monetary Policy, Intervention, and Exchange Rates in Japan
In Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin, ed. by Glick and Hutchison | New York: Cambridge University Press, 1994 | with Hutchison
Fiscal Policy in Monetary Unions: Implications for Europe
Open Economies Review 4(1), January 1993 | with Hutchison
Fiscal Constraints and Incentives with Monetary Coordination: Implications for Europe 1992
In Financial Regulation and Monetary Arrangements after 1992, ed. by Wihlborg, Fratianni, and Willett | Amsterdam: North-Holland, 1992 | with Hutchison
Equilibrium Adjustment with Endogenous Information and Inventories
International Economic Review, November 1991 | with Wihlborg
New Results in Support of the Fiscal Policy Ineffectiveness Proposition
Journal of Money, Credit, and Banking, August 1990 | with Hutchison
Real Exchange Rate Effects of Monetary Shocks under Fixed and Flexible Exchange Rates
Journal of International Economics, May 1990 | with Wihlborg
Financial Liberalization in the Pacific Basin: Implications for Real Interest Rate Linkages.
Journal of the Japanese and International Economies, March 1990 | with Hutchison
Does Exchange Rate Appreciation ‘Deindustrialize’ the Open Economy? A Critique of U.S. Evidence
Economic Inquiry, January 1990 | with Hutchison
Money Demand and Off-Balance-Sheet Liquidity: Empirical Analysis and Implications for Monetary Policy
Journal of Accounting, Auditing, and Finance, Spring 1989 | with Plaut
Financial Market Changes and Monetary Policy in Pacific Basin Countries
In Monetary Policy in Pacific Basin Countries, ed. by Cheng | Boston: Kluwer Academic Publishers, 1988
Monetary Policy Changes in Pacific Basin Countries
In Monetary Policy in Pacific Basin Countries, ed. by Cheng | Boston: Kluwer Academic Publishers, 1988 | with Cheng
The Role of Information Acquisition and Financial Markets in International Macroeconomic Adjustment
Journal of International Money and Finance, September 1986 | with Wihlborg
Market Neutrality Conditions and Valuation of a Foreign Affiliate
Journal of Business Finance and Accounting, Summer 1986
The Costs and Benefits of Foreign Borrowing: A Survey of Multi-Period Models
Journal of Development Studies, January 1986 | with Kharas
Economic Perspectives on Foreign Borrowing and Debt Repudiation: An Analytic Literature Review
In Monograph Series in Finance and Economics No. 4 | New York: Saloman Brothers Center for the Study of Financial Institutions, New York University, 1986
Optimal Borrowing and Investment with an Endogenous Lending Constraint
Journal of Banking and Finance, Studies in Banking and Finance 3, 1986 | with Kharas
Price and Output Adjustment, Inventory Flexibility, and Cost and Demand Disturbances
Canadian Journal of Economics, August 1985 | with Wihlborg
Price Determination in a Competitive Industry with Costly Information and a Production Lag
Rand Journal of Economics, Spring 1985 | with Wihlborg
The Geometry of Asset Adjustment with Adjustment Costs
Journal of Financial Research, Winter 1984
R&D Effort and U.S. Exports and Foreign Affiliate Production of Manufactures
Research Policy, Winter 1982
Books
Policy Challenges in a Diverging Global Economy: Proceedings of the 2015 Asia Economic Policy Conference
2016 | San Francisco: Federal Reserve Bank of San Francisco | Editors • Glick • Spiegel
Prospects for Asia and the Global Economy: Proceedings of the 2013 Asia Economic Policy Conference
2014 | San Francisco: Federal Reserve Bank of San Francisco | Editors • Glick • Spiegel
Asia’s Role in the Post-Crisis Global Economy: Proceedings of the 2011 Asia Economic Policy Conference
2012 | San Francisco: Federal Reserve Bank of San Francisco | Editors • Glick • Spiegel
Asia and the Global Financial Crisis: Proceedings of the 2009 Asia Economic Policy Conference
2010 | San Francisco: Federal Reserve Bank of San Francisco | Editors • Glick • Spiegel
Financial Crises in Emerging Markets
2001 | New York: Cambridge University Press | Editors • Glick • Moreno • Spiegel
Managing Capital Flows and Exchange Rates: Perspectives from the Pacific Basin
1998 | New York: Cambridge University Press | Editor • Glick
Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin
1994 | New York: Cambridge University Press | Editors • Glick • Hutchison
FRBSF Publications
Will Workers Demand Cost-of-Living Adjustments?
Economic Letter 2022-21 | August 8, 2022 | with Leduc and Pepper
Do Households Expect Inflation When Commodities Surge?
Economic Letter 2021-19 | July 12, 2021 | with Kouchekinia, Leduc, and Liu
Disagreement about U.S. and Euro-Area Inflation Forecasts
Economic Letter 2021-08 | March 22, 2021 | with Kouchekinia
How Much Does the EMU Benefit Trade?
Economic Letter 2016-09 | March 21, 2016 | with Rose
What’s Different about the Latest Housing Boom
Economic Letter 2015-34 | November 16, 2015 | with Lansing and Molitor
Prospects for Asia and the Global Economy
Economic Letter 2014-26 | September 2, 2014 | with Spiegel
Unconventional Monetary Policy and the Dollar
Economic Letter 2013-09 | April 1, 2013 | with Leduc
Asia’s Role in the Post-Crisis Global Economy
Economic Letter 2012-24 | August 13, 2012 | with Spiegel
Are Large-Scale Asset Purchases Fueling the Rise in Commodity Prices?
Economic Letter 2011-10 | April 4, 2011 | with Leduc
Consumers and the Economy, Part I: Household Credit and Personal Saving
Economic Letter 2011-01 | January 10, 2011 | with Lansing
Asia and the Global Financial Crisis: Conference Summary
Economic Letter 2010-08 | March 15, 2010 | with Spiegel
Global Household Leverage, House Prices, and Consumption
Economic Letter 2010-01 | January 11, 2010 | with Lansing
U.S. Household Deleveraging and Future Consumption Growth
Economic Letter 2009-16 | May 15, 2009 | with Lansing
2008 Annual Pacific Basin Conference: Summary
Economic Letter 2009-10 | March 13, 2009
2007 Annual Pacific Basin Conference: Summary
Economic Letter 2008-03 | February 1, 2008
Sovereign Wealth Funds: Stumbling Blocks or Stepping Stones to Financial Globalization?
Economic Letter 2007-38 | December 14, 2007 | with Aizenman
Are Global Prices Converging or Diverging?
Economic Letter 2007-24 | August 10, 2007
2006 Annual Pacific Basin Conference: Summary
Economic Letter 2007-04 | February 9, 2007
External Imbalances and Adjustment in the Pacific Basin: Conference Summary
Economic Letter 2006-04 | March 10, 2006 | with Spiegel
The Bretton Woods System: Are We Experiencing a Revival? Symposium Summary
Economic Letter 2005-32 | November 25, 2005 | with Spiegel
Does Europe’s Path to Monetary Union Provide Lessons for East Asia?
Economic Letter 2005-19 | August 12, 2005
Emerging Markets and Macroeconomic Volatility: Conference Summary
Economic Letter 2005-03 | February 4, 2005 | with Valderrama
Financial Issues in the Pacific Basin Region: Conference Summary
Economic Letter 2002-38 | December 27, 2002
Country Crises and Corporate Failures: Lessons for Prevention and Management?
Economic Letter 2002-18 | June 14, 2002
Capital Controls and Exchange Rate Stability in Developing Countries
Economic Letter 2001-21 | July 20, 2001 | with Hutchison
Financial Crises in Emerging Markets
Economic Letter 2001-07 | March 23, 2001 | with Moreno and Spiegel