Kristin J. Forbes

Published Papers: Please download for personal use only. Contact the copyright holder to request permission to make additional copies.

• "Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act," (2011) with Dhammika Dharmapala and Fritz Foley. Journal of Finance vol. 66(3, June): pgs. 753-787. Link to older working paper. Internet Appendix with links to documents.

  Selected Press Mentions: The Economist (04/28/11), Washington Post (04/27/11), Bloomberg Business Week (03/17/11), Boston Globe (03/11/11), NY Times (06/05/09)

• Why do Foreigners Invest in the United States?(2010) Journal of International Economics 80(1): 3-21. Lead Article. Link to working paper.
  Press mentions: Economist (10/03/08), NBER Digest (08/08), Wall Street Journal (06/23/08), US News and World Report (01/11/08), and CNBC Morning Call.

• Financial Constraints and Growth: Multinational and Local Firm Responses to Currency Crises (2008), with Mihir Desai and C. Fritz Foley. Review of Financial Studies vol. 21(6), pgs. 2857-2888. Runner-up for Michael Brennan Award for Best Paper Published in 2008.

• One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smaller Traded Firms. (2007)
  Journal of International Economics, vol 71(2, April), pgs. 294-323.

• The Microeconomic Evidence on Capital Controls: No Free Lunch (2007)
  In Sebastian Edwards, ed. Capital Controls and Capital Flows in Emerging Economics: Policies, Practices, and Consequences. Chicago: University of Chicago Press, pgs. 171-199. (Only available in NBER working paper form.)

• Trade Linkages and Output-Multiplier Effects: A Structural VAR Approach with a Focus on Asia , with Tilak Abeysinghe (2005). Review of International Economics 13(2), pgs. 356-375.
  
  
• A Decomposition of Global Linkages in Financial Markets Over Time , with Menzie Chinn (2004). Review of Economics and Statistics, 86(3, August): pgs. 705-722.
  
  

  Dataset Information (pdf)	Factor Model Dataset (zipped stata)	Bilateral Linkage Model Dataset (zipped stata)

• The Asian Flu and Russian Virus: The International Transmission of Crises in Firm-Level Data (2004). Journal of International Economics , vol. 63(1, May): pgs. 59-92.
  
  
• Cheap Labor Meets Costly Capital: The Impact of Devaluations on Commodity Firms. (2002). Journal of Development Economics, vol. 69 (2, December), pgs. 335-365 .
  
  
• How do Large Depreciations Affect Firm Performance? (2002). IMF Staff Papers, vol. 49, pgs. 214-238.
  
  
• Are Trade Linkages Important Determinants of Country Vulnerability to Crises? (2002). In Sebastian Edwards and Jeffrey Frankel, eds., Preventing Currency Crises in Emerging Markets. University of Chicago Press, Chicago, pgs. 77-124. (Only available in NBER working paper form.)
  
  
• No Contagion, Only Interdependence: Measuring Stock Market Comovements (2002), joint with Roberto Rigobon. Journal of Finance, vol. LVII  (5, October), pgs. 2223-2261.
  
  
• Skill Classification Does Matter: Estimating the Relationship Between Trade Flows and Wage Inequality (2001). Journal of International Trade and Economic Development, vol. 10  (2, June), pgs. 175-209.
  
  
• Contagion in Latin America: Definitions, Measurement and Policy Implications (2001), joint with Roberto Rigobon. Economia, vol. 1 (2, Spring), pgs. 1-46.
  
  
• International Financial Contagion: An Overview of the Issues and the Book (2001), joint with Stijn Claessens. Introductory chapter of International Financial Contagion, edited by Stijn Claessens and Kristin Forbes. Kluwer Academic Publishers, pgs.  3-17.
  
  
• Measuring Contagion: Conceptual and Empirical Issues (2001), joint with Roberto Rigobon. Chapter 3 in International Financial Contagion, edited by Stijn Claessens and Kristin Forbes. Kluwer Academic Publishers, pgs.  43-66.
  
  
• A Reassessment of the Relationship Between Inequality and Growth (2000). American Economic Review , vol. 90 (4, September), pgs. 869-887. 

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