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Specially Appointed Fellow
Specialty：Japanese Economy and Macro Economy
- IMF Reform: The Unfinished Agenda, (with J. De Gregorio, B. Eichengreen, and C. Wyplosz), International Center for Monetary and Banking Studies, 2018.
- Managing Currency Risk: How Japanese Firms Choose Invoicing Currency, (with S. Koibuchi, K. Sato, and J. Shimizu), Edward Elgar, 2018.
- Financial policy and Central Banking in Japan, (with T. F. Cargill and M. M. Hutchison), MIT Press, 2000.
- An Independent and Accountable IMF, (with J. De Gregorio, B. Eichengreen, and C. Wyplosz), International Center for Monetary and Banking Studies, 1999.
- The Political Economy of Japanese Monetary Policy, (with T. F. Cargill and M. M. Hutchison), MIT Press, 1997.
- The Japanese Economy, MIT Press, 1992.
Selected Peer-Reviewed Journal Articles
- "Did the Reform Fix the London Fix problem?" (with M. Yamada), Journal of International Money and Finance, vol. 80, 2018: 75-95.
- "Puzzles in the Tokyo Fixing in the Forex Market: Order Imbalances and Bank Pricing," (with M. Yamada), Journal of International Economics, vol. 109, 2017: 214-234.
- "Defying Gravity: can Japanese sovereign debt continue to increase without a crisis?" (with T. Hoshi), Economic Policy, Issue 77, 2014: 5-44.
- "International Reserves and the Global Financial Crisis," (with K. Dominguez and Y. Hashimoto), Journal of International Economics, vol. 88, issue 2, 2012: 388-406.
- "Can Asia Overcome the IMF Stigma?" American Economic Review, vol. 102, no.3, 2012: 198-202.
- "Asian Currency Crisis and the IMF, Ten Years Later: Overview," Asian Economic Policy Review, vol. 2, no. 1, 2007: 16-49.
- "What Prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function," (with T. Yabu), Journal of International Money and Finance, vol. 26, no.2, 2007: 193-212.
- "Foreign Exchange Rate Expectations: Micro Survey Data," American Economic Review, vol. 80, no. 3, 1990: 434-449.
- "Meteor Showers or Heat Waves? Heteroskedastic Intra-daily volatility in the Foreign Exchange Market," (with R. F. Engle and W. L. Lin), Econometrica, vol. 58, no. 3, 1990: 525-542.