Book Chapters

• International Capital Flows
  Prepared for The New Palgrave Dictionary of Economics, Second Edition.
  (Chinese Version) (Presentation File in Chinese)

• Does Service Offshoring Lead to Job Losses? Evidence from the United States.
  (With M. Amiti), June 2006.
  

• The Chinese Approach to Capital Inflows: Patterns and Possible Explanations
  (With E. Prasad), forthcoming in Capital Controls and Capital Flows in Emerging Economies, edited by Sebastian Edwards, Chicago: University of Chicago Press.
  Earlier NBER Working Paper 11306, May 2005, is available here.
  [Updated tables, appendices and data.]
  

• Financial Globalization, Growth and Volatility in Developing Countries
  (With E. Prasad, K. Rogoff, and M. Kose), forthcoming in Globalization and Poverty, edited by Ann Harrison, Chicago: University of Chicago Press.
  Earlier NBER Working Paper 10942, December 2004, is available here.
  

• Understanding the Structure of Cross-border Capital Flows: The Case of China
  (With E. Prasad), December 2005, forthcoming, China at Cross Roads: FX and Capital Markets Policies for the Coming Decades, edited by Charles Calomiris, Columbia University Press.
  

• Managing Macroeconomic Crises: Policy Lessons
  (with J. Frankel), 2005, in Managing Macroeconomic Volatility and Crises: A Practioner's Guide, edited by Joshua Aizenman and Brian Pinto, Cambridge University Press, pp 315-405.
  

• Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises
  (with Y. Wu), in Sebastian Edwards and Jeffrey Frankel, eds., Preventing Currency Crises in Emerging Markets, Chicago: University of Chicago Press, 2002, p461-501.
  

• Corruption in Economic Development: Grease or Sand?
  Economic Survey of Europe 2001, No. 2, pp 101-112, Geneva: United Nations Economic Commission for Europe.
  

• Does Corruption Provide Relief on Tax and Capital Control for International Investors?
  Chapter 3 in International Taxation and Multinational Activity, edited by James R. Hines, Jr., Chicago: University of Chicago Press, 2001, pp73-87.
  

• Why Does China Attract So Little Foreign Direct Investment?
  in Takatoshi Ito and Anne O. Krueger, eds., The Role of Foreign Direct Investment in East Asian Economic Development, Chicago: University of Chicago Press, 2000, pp239-261.
  

• Noise Trading in the Chinese Stock Market
  in Financial Market Reform in China: Progress, Problems, and Prospects, eds., by Baizhu Chen, J. Kimball Dietrich and Yi Feng, Westview Press, 2000, pp221-241.
  

• The Cost of Crony Capitalism
  (with S. Sievers), in Wing Thye Woo, Jeffrey D. Sachs, and Klaus Schwab eds., The Asian Financial Crisis: Lessons for a Resilient Asia, Cambridge, USA, and London, England: The MIT Press, 2000, pp91-102. An earlier version appeared in The Asian Competitiveness Report 1999, Geneva: World Economic Forum, pp50-55, 1999.
  

• Corruption and Economic Development in Asia
  in Integrity in Governance in Asia, United Nations Development Program, New York: UNDP, October 1998, p39-53.
  

• The New Regionalism and Asia: Impact and Options
  (with J. Frankel), in M.G.Quibria and Arvind Panagariya, eds., The Emerging Global Trading Environment and Developing Asia, Asian Development Bank, 1997.
  

• Open versus Closed Trade Blocs
  (with J. Frankel), in Regional versus Multinational Trade Arrangements, edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1997, p119-139.
  

• Regionalization of World Trade and Currencies: Economics and Politics
  (with J. Frankel), in J. Frankel, ed., The Regionalization of the World Economy, University of Chicago Press, 1999.
  

• Foreign Direct Investment in China: Source and Consequences
  in Financial Deregulation and Integration in East Asia, edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1996.
  

• The Open Door Policy and the China's Rapid Growth: Evidence from City-Level Data
  in Growth Theories in Light of the East Asian Experience edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1995.
  

• From Marx to Markets: China's Economic Reforms as a Megapolicy
  in John D. Montgomery and Dennis A. Rondinelli, eds., Great Policies: Strategic Innovations in Asia and the Pacific Basin. Westport, Connecticut and London: Praeger Publishers, 1995.
  

• Speed of Reform and Growth of Non-state-owned Firms in China
  in Gang Yi, ed., China's Economic Transition: A Survey of Recent Research, Oxford University Press, 1995.
  

• European Integration and the Regionalization of World Trade and Currencies: The Economics and the Politics
  (with J. Frankel), in Barry Eichengreen, Jeffry Frieden, and Jurgen von Hagen, eds., Monetary and Fiscal Policy in an Integrated Europe, Berlin, Heidelberg, New York: Springer-Verlag, 1995.
  

• Yen Bloc or Dollar Bloc: Exchange Rate Policies of the East Asian Economies
  (with J. Frankel), in Macroeconomic Linkages: Savings, Exchange Rates and Capital Flows edited by Takatoshi Ito and Anne Krueger, University of Chicago Press, 1994.
  

• Emerging Currency Blocs
  (with J. Frankel) in The Future of the International Monetary System and Its Institutions, edited by Hans Genberg, Geneva: International Center for Monetary and Banking Studies, 1994.
  

• APEC and Regional Trading Arrangements in the Pacific
  (with J. Frankel and E. Stein), in Wendy Dobson and Frank Flatters, eds., Pacific Trade and Investment: Options for the 90s, John Deutsh Institute for the Study of Economic Policy, Queen's University, Kingston. 1994.
  

• Trade Blocs and Currency Blocs
  (with J. Frankel), NBER Working Paper N0. 4335, 1992. Also in The Monetary Future of Europe, edited by Guillermo de la Deheza, et al. Centre for Economic Policy Research: London, 1993.
  

• Is There a Currency Bloc in the Pacific?
  (with J. Frankel), in Exchange Rates, International Trade and the Balance of Payments, edited by Adrian Blundell-Wignall. Reserve Bank of Australia, Sydney, 1993: 275-308.