Adler, M., and B. Dumas (1983): “International Portfolio Choice and Corporation Finance: a Synthesis,” Journal of Finance, 38, 925–984.
Basak, S., and B. Croitoru (2000): “Equilibrium Mispricing in a Capital Market with Portfolio Constraints,” Review of Financial Studies, 13, 715–748.
Basak, S., and D. Cuoco (1998): “An Equilibrium Model with Restricted Stock Market Participation,” Review of Financial Studies, 11(2), 309–341.
- Blanchard, O., F. Giavazzi, and F. Sa (2005): “International Investors, the U.S. Current Account, and the Dollar,” Brookings Papers on Economic Activity, 1, 1–65.
Paper not yet in RePEc: Add citation now
Breeden, D. T. (1979): “An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities,” Journal of Financial Economics, 7(1), 265–296.
Cass, D., and A. Pavlova (2004): “On Trees and Logs,” Journal of Economic Theory, 116, 41–83.
Cavallo, M., and C. Tille (2006): “ Could Capital Gains Smooth a Current Account Rebalancing?,” working paper, Federal Reserve Bank of New York.
- Cole, H. L., and M. Obstfeld (1991): “Commodity Trade and International Risk Sharing,” Journal of Monetary Economics, 28, 3–24.
Paper not yet in RePEc: Add citation now
- Cuoco, D., and H. He (1994): “Dynamic Equilibrium in Infinite-Dimensional Economies with Incomplete Financial Markets,” working paper, University of Pennsylvania.
Paper not yet in RePEc: Add citation now
Detemple, J. B., and A. Serrat (2003): “Dynamic Equilibrium with Liquidity Constraints,” Review of Financial Studies, 16, 597–629.
Devereux, M. B., and A. Sutherland (2006): “Solving for Country Portfolios in Open Economy Macro Models,” working paper, University of British Columbia.
Dooley, M. P., D. Folkerts-Landau, and P. Garber (2004): “The Revised Bretton Woods System,” International Journal of Finance and Economics, 9(4), 307–313.
Edwards, S. (2005): “Is the U.S. Current Account Deficit Sustainabe? And If Not, How Costly is Adjustment Likely To Be?,” NBER working paper 11541.
Evans, M., and V. Hnatkovska (2007): “Solving General Equilibrium Models with Incomplete Markets and Many Financial Assets,” working paper, Georgetown University.
Frankel, J. A. (2006): “Global Imbalances and Low Interest Rates: An Equilibrium Model vs. a Disequilibrium Reality,” working paper, Harvard University.
Ghironi, F., J. Lee, and A. Rebucci (2006): “The Valuation Channel of External Adjustment,” working paper, Boston University.
- Gourinchas, P.-O., and H. Rey (2006): “Intertemporal Approach to the Financial Account,” work in progress, University of California, Berkeley.
Paper not yet in RePEc: Add citation now
Gourinchas, P.-O., and H. Rey (2007a): “From World Banker to World Venture Capitalist: The US External Adjustment and The Exorbitant Privilege,” forthcoming in “G7 Current Account Imbalances: Sustainability and Adjustment,” R. Clarida, ed., The University of Chicago Press.
Gourinchas, P.-O., and H. Rey (2007b): “International Financial Adjustment,” Journal of Political Economy, forthcoming.
Hausmann, R., and F. Sturzenegger (2006): “The Implications of Dark Matter for Assessing the US External Imbalance,” working paper, Harvard University.
He, H., and N. D. Pearson (1991): “Consumption and Portfolio Policies with Incomplete Markets and Short-Sale Constraints: The Infinite Dimensional Case,” Journal of Economic Theory, 54, 259–304.
Helpman, E., and A. Razin (1978): A Theory of International Trade under Uncertainty. Academic Press, San Diego.
Judd, K. L. (1998): Numerical Methods in Economics. MIT Press, Cambridge, MA.
Kehoe, P. J., and F. Perri (2002): “International Business Cycles with Endogenous Incomplete Markets,” Econometrica, 70, 907–928.
Kogan, L., and R. Uppal (2003): “Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies,” CEPR Discussion Paper 3306.
Kollmann, R. (2006): “International Portfolio Equilibrium and the Current Account,” working paper, ECARES, Free University of Brussls.
- Kouri, P. (1982): “Balance of Payment and the Foreign Exchange Market: A Dynamic Partial Equilibrium Model,” in Jagdeep Bhandari and Bluford Putnam, eds., Economic Interdependance and Flexible Exchange Rates, (MIT Press), 116-156.
Paper not yet in RePEc: Add citation now
Kraay, A., and J. Ventura (2000): “Current Accounts in Debtor and Creditor Countries,” Quarterly Journal of Economics, 115, 1137–1166.
Lane, P. R., and G. M. Milesi-Ferretti (2001): “The ExternalWealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries,” Journal of International Economics, 55, 263–294.
Lane, P. R., and J. C. Shambaugh (2007): “Financial Exchange Rates and International Currency Exposures,” work in progress, Dartmouth College.
- Markowitz, H. (1952): “Portfolio Selection,” Journal of Finance, 7, 77–91.
Paper not yet in RePEc: Add citation now
Merton, R. C. (1971): “Optimum Consumption and Portfolio Rules in a Continuous-Time Model,” Journal of Economic Theory, 3, 373–413.
- Negishi, T. (1960): “Welfare Economics and Existence of an Equilibrium for Competitive Economy,” Metronomica, 12, 92–97.
Paper not yet in RePEc: Add citation now
- Obstfeld, M. (2004): “External Adjustment,” Review of World Economics, 140, 541–568.
Paper not yet in RePEc: Add citation now
Obstfeld, M., and K. S. Rogoff (1995): “The Intertemporal Approach to the Current Account,” in G. Grossman and K. Rogoff, eds., Handbook of International Economics, vol. III, Elsevier Science B.V., 1731–1799.
Obstfeld, M., and K. S. Rogoff (2007): “The Unsustainable US Current Account Position Revisited,” forthcoming in “G7 Current Account Imbalances: Sustainability and Adjustment,” R. Clarida, ed., The University of Chicago Press.
Pavlova, A., and R. Rigobon (2005): “Wealth Transfers, Contagion, and Portfolio Constraints,” NBER working paper 11440.
Pavlova, A., and R. Rigobon (2007): “Asset Prices and Exchange Rates,” Review of Financial Studies, 20, 1139–1181.
- Roubini, N., and B. Setser (2004): “The US as a Net Debtor: The Sustainability of the US External Imbalances,” working paper, New York University.
Paper not yet in RePEc: Add citation now
Stockman, A. C., and L. L. Tesar (1995): “Tastes and Technology in a Two-Country Model of the Business Cycle: Explaining International Comovements,” American Economic Review, 85, 168–185.
Tille, C. (2003): “The Impact of Exchange Rate Movements on U.S. Foreign Debt,” Federal Reserve Bank of New York Current Issues in Economics and Finance 9.
Tille, C. (2005): “Financial Integration and the Wealth Effect of Exchange Rate Fluctuations,” Federal Reserve Bank of New York Staff Report 226.
Tille, C., and E. van Wincoop (2007): “International Capital Flows,” NBER Working Paper 12856.
- Wolf, M. (2004): “America on the Comfortable Path to Ruin,” Financial Times, August 17.
Paper not yet in RePEc: Add citation now
Zapatero, F. (1995): “Equilibrium Asset Prices and Exchange Rates,” Journal of Economic Dynamics and Control, 19, 787–811.