Publications – James Lothian

James R. Lothian

Distinguished Professor of Finance

Toppeta Family Chair in Global Financial Markets

Fordham University

Director, Frank J. Petrilli Center for Research in International Finance

Publications

Books

Essays in International Money and Finance: Interest rates, exchange rates, prices and the supply of
money within and across countries, World Scientific Publishing, 2017.

Preface and Contents

Introduction

“The International Transmission of Inflation,” by Michael R. Darby, James R. Lothian and Arthur E. Gandolfi, Alan C. Stockman and Anna J. Schwartz. University of Chicago Press for the National Bureau of Economic Research, 1983; paperback edition, 1985, electronic edition: http://www.nber.org/books/darb83-1.

Journal Articles and Book Chapters

“Changes in Economic and Financial Structure and the International Integration of Capital Markets over the Past Century and a Half” in Financial Integration, the Exchange-rate Regime and Crises,” in Guglielmo Caporale, ed. Handbook of Financial Integration, Edward Elgar Publishing, forthcoming.

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“Exchange Rates and Prices in the Netherlands and Britain over the Past Four Centuries.” Journal of Money, Credit, and Banking, forthcoming.

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“Exchange Rates and Prices under Fixed and Flexible Exchange Rates,” in Francisco Rivera-Batiz , ed., Encyclopedia of International Economics and Global Trade, World Scientific Publishing, 2020.

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“Exchange Rates and Prices in the Netherlands and Britain over the Past Four Centuries,” (with John Devereux, Queens College, CUNY), March 2020.

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“How Friedman and Schwartz Became Monetarists” (with George Tavlas), Journal of Money Credit and Banking, 50, June 2018.

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“Purchasing power parity and the behavior of prices and nominal exchange rates across exchange-rate regimes,” Journal of International Money and Finance, December 2016.

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“Milton Friedman’s monetary economics: Theory and empirics, ” in Robert A. Cord and J. Daniel Hammond, eds. Milton Friedman: Contributions to Economics and Public Policy, Oxford University Press, 2016

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“Comment on Rudebusch and Williams, ‘A wedge in the dual mandate: Monetary policy and long-term unemployment’,” Journal of Macroeconomics, March 2016

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“Uncovered interest parity: The long and the short of it,” Journal of Empirical Finance, 36, March 2016

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“Monetary Policy and the Twin Crises,” Journal of International Money and Finance, Part B, December 2014

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“I Discovered the Peso Problem: Irving Fisher and UIP Puzzle,” (with Rachel Pownall and Kees Koedijk). Journal of International Money and Finance, November, 2013.

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“The European Sovereign Debt Crisis: Background and Perspectives,” (with Joshua Aizenman and Michael Hutchison) Journal of Internal Money and Finance, April 2013.

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“Was the Gold Standard Really Destabilizing?” (with Gabriel Fagan and Paul D. McNelis), Journal of Applied Econometrics, March 2013.

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“A Primer on Exchange Rates,” (with Mark P. Taylor), in H. Kent Baker and Leigh A. Riddick (eds.), Survey of International Finance, Oxford University Press, 2012.

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“International and historical dimensions of the financial crisis of 2007 and 2008” (with Gerald P. Dwyer, Jr.), Journal of International Money and Finance, February 2012.

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“Overview of the special issue on ‘Policy Implications of and Lessons from the Global Financial Crisis’,” (with Joshua Aizenman and Robert Dekle) Journal of International Money and Finance, December 2012.

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“Uncovered Interest Rate Parity over the Past Two Centuries” (with Liuren Wu), Journal of International Money and Finance, April 2011.

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“Why Money Matters: A Fourth Natural Experiment,” Open Economies Review, April 2011.

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“The Signaling Hypothesis Revisited: Evidence from Foreign IPOs” (with Bill Francis, Iftekhar Hasan and Xian Sun), Journal of Financial and Quantitative Analysis, February 2010.

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“U.S. Monetary Policy and the Financial Crisis,” Journal of Economic Asymmetries, December 2009.

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“The Behavior of Money and Other Economic Variables: Two Natural Experiments” (with Cornelia McCarthy), Journal of International Money and Finance, November 2009.

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“Milton Friedman’s Monetary Economics and the Quantity-Theory Tradition,” Journal of International Money and Finance, November 2009.

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“Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?” (with Mark P. Taylor), Economic Journal, October 2008.

Paper

“Overview of conference volume Financial and Commercial Integrations” (with Joshua Aizenman, James R. Lothian and Brian Pinto) Journal of International Money and Finance, 2007.

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“Overview of special issue on foreign exchange markets” (with Kees Koedijk and Mathijs van Dijk) Journal of International Money and Finance, 2006.

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“Institutions, Capital Flows and Financial Integration,” Journal of International Money and Finance, April 2006.

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“In depth book review” (of Thomas E. Woods, JR., The Church and the Market), Homiletic and Pastoral Review, April 2006.

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“Institutional Influences on Investments in Developing Countries” INFocus, June 2005.

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“Overview of special issue on banking, development and structural change” (with Iftekhar Hasan and Juha Tarkka), Journal of International Money and Finance, April 2004.

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“Overview of the special issue on the euro five years on” (with Iftekhar Hasan) Journal of International Money and Finance, December 2004.

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“The Economics of International Monies” (with Gerald P. Dwyer). In Research in Banking and Finance, “Monetary Integration, Markets, and Regulation” vol. 4, Amsterdam: Elsevier, 2004.

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“International Money and Common Currencies in Historical Perspective,” (with Gerald P. Dwyer), in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability, Volbert Alexander, Jacques Mélitz, and George M. von Furstenberg, eds. Oxford: Oxford University Press, 2004.

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“Overview of conference volume ‘regional and international implications of the financial instability in Latin America'” (with Joshua Aizenman), Journal of International Money and Finance, December 2003.

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“Has International Financial Integration Increased,” (with Lawrence Goldberg and John Okunev), Open Economies Review, July 2003.

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“Exchange Rates,” in Joel Mokyer, ed., Oxford Encyclopedia of Economic History. Oxford: Oxford University Press, 2003.

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“Exchange Rates,” in Joel Mokyer, ed., Oxford Encyclopedia of Economic History. Oxford: Oxford University Press, 2003.

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“The Internationalization of Money and Finance and the Globalization of Financial Markets,” Journal of International Money and Finance, November 2002.

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“Real Exchange-Rate Behaviour under Fixed and Floating Exchange Rate Regimes,” (with Cornelia McCarthy), The Manchester School, March 2002.

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“Financial Integration over the Past Three Centuries,” Bancaria, No. 9, 2001.

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“Equity Returns and Inflation: The Puzzlingly Long Lags,” (with Cornelia McCarthy), Research in Finance and Banking, vol. 2, 2001.

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“The Monetary Approach to Exchange Rates and the Canadian Dollar over the Long Run,” (with Bill Francis and Iftekhar Hasan), Applied Financial Economics, October 2001.

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“Currency Union and Real Exchange Rate Behavior,” (with Cornelia McCarthy), Momento Economico, Marzo-Abril, 2001.

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Discussion of Anna J. Schwartz, “The Rise and Fall of Foreign Exchange Market Intervention as a Policy Tool,” Journal of Financial Services Research, December 2000.

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“Capital Market Integration and Exchange-Rate Regimes in Historical Perspective,” Research in Banking and Finance, vol. 1, 2000.

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“Purchasing Power Parity Over Two Centuries: Strengthening the Case for Real Exchange Rate Stability Reply to Cuddington and Liang,” (with Mark Taylor) Journal of International Money and Finance, October 2000.

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“International Financial Relations under the Current Float: Evidence from Panel Data,” (with Yusif Simaan), Open Economies Review, October 1998.

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“Some New Stylized Facts of Exchange Rate Behavior,” Journal of International Money and Finance, February 1998.

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“Real Exchange Rate Behavior,” (with Mark Taylor), Journal of International Money and Finance, December 1997.

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“Multi-Country Evidence on the Behavior of Purchasing Power Parity under the Current Float,” Journal of International Money and Finance, February 1997.

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“Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries,” (with Mark Taylor), Journal of Political Economy, June 1996.

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“The Response of Real Exchange Rates to Permanent and Transitory Shocks” (with Martin Evans), Journal of International Money and Finance, December 1993.

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“The Behavior of Bond Yields Across Exchange-Rate Regimes and the Integration of Capital Markets,” (with Paul S. Jackson), Greek Economic Review, December, 1993.

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“International Transmission of Inflation and Deflation,” in John Eatwell, Murray Millgate and Peter Newman, eds., The New Palgrave Dictionary of Money and Finance, London: Macmillan, 1992.

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“A History of Yen Exchange Rates,” in William T. Ziemba, Warren Bailey and Yasushi Hamao, eds, Japanese Financial Market Research, Amsterdam: Elsevier, 1991.

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“Political Factors in International Economics: An Overview” Journal of International Money and Finance, March 1991, Supplement.

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“Buffer-Stock Models of Money Demand and the Conduct of Monetary Policy,” (with Michael R. Darby and Michael Tindall), Journal of Policy Modeling, Summer 1990.

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“A Century Plus of Japanese Exchange-Rate Behavior,” Japan and the World Economy, February/March 1990.

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“International Transmission Afloat,” (with Michael R. Darby) in Michael Bordo, ed., Money, History and International Finance: Essays in Honor of Anna J. Schwartz, University of Chicago Press for the National Bureau of Economic Research, 1989.

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“The Behavior of Real Exchange Rates,” International Journal of Forecasting, No. 1, 1987.

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“Economic Events and Keynesian Ideas: The 1930s and the 1970s,” (with Michael R. Darby) in John Burton, Leland B. Yeager., Milton Friedman, Karl Brunner, Michael R. Darby, James R. Lothian, Alan A. Walters, Patrick Minford, Michael Beenstock, and Alan Budd, Keynes’s General Theory: Fifty Years On, London: Institute for Economic Affairs, 1986.

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“Real Dollar Exchange Rates under the Bretton-Woods and Floating-Rate Regimes,” Journal of International Money and Finance, December 1986.

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“Equilibrium Relationships between Money and Other Economic Variables,” American Economic Review, September 1985.

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“The Gold Standard and the Transmission of Business Cycles, 1833 to 1932,” (with Wallace E. Huffman) in Michael Bordo and Anna J. Schwartz, eds, A Retrospective on the Classical Gold Standard, University of Chicago Press for the National Bureau of Economic Research, 1984.

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“International Price Behavior and the Demand for Money,” (with Arthur E. Gandolfi), Economic Inquiry, July 1983.

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“British Economic Policy Under Margaret Thatcher: A Midterm Examination,” (with Michael R. Darby), Carnegie Rochester Conference Series on Public Policy, Spring 1983.

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“The Timing of Monetary and Price Changes and the International Transmission of Inflation,” (with Anthony Cassese), Journal of Monetary Economics, 1982.

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“Money in the United Kingdom: 1833-1880,” (with Wallace E. Huffman), Journal of Money, Credit and Banking, May 1980.

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“Did Monetary Forces Cause the Great Depression, A Review Essay,” (with Arthur E. Gandolfi), Journal of Money, Credit and Banking, November 1977.

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“The Demand for Money from the Great Depression to the Present,” (with Arthur E. Gandolfi), American Economic Review, May 1976.

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“The Demand for High-Powered Money,” American Economic Review, March 1976.

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