Browsing Harvard Kennedy School by Author "Wei, Shang-Jin"

Now showing items 1-9 of 9

    • The Big Players in the Foreign Exchange Market: Do They Trade on Information or Noise? 

      Wei, Shang-Jin; Kim, Jungshik (1999-03)
      This paper studies whether there exists private information in the foreign exchange market, and whether speculation reduces or exacerbates volatility. It makes use of a recent data set on foreign currency positions by large ...

    • Border, Border, Wide and Far, How We Wonder What You Are 

      Parsley, David C.; Wei, Shang-Jin (Center for International Development at Harvard University, 1999-09)
      This paper exploits a three-dimensional panel data set of prices on 27 traded goods, over 88 quarters, across 96 cities in the U.S. and Japan. We present evidence that the distribution of intranational real exchange rates ...

    • Corruption and Composition of Foreign Direct Investment: Firm-Level Evidence 

      Smarzynska, Beata K.; Wei, Shang-Jin (Center for International Development at Harvard University, 2001-02)
      This paper studies the impact of corruption in a host country on foreign investor’s preference for a joint venture versus a wholly-owned subsidiary. There is a basic tradeoff in using local partners. On the one hand, ...

    • Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights 

      Frankel, Jeffrey; Wei, Shang-Jin (Center for International Development at Harvard University, 2008-03)
      The paper offers a new approach to estimate countries' de facto exchange rate regimes, a synthesis of two techniques. One is a technique that the authors have used in the past to estimate implicit de facto weights when the ...

    • Foreign Portfolio Investors before and during a Crisis 

      Wei, Shang-Jin; Kim, Woochan (1999-03)
      Using a unique data set, we study the trading behavior of foreign portfolio investors in Korea before and during the currency crisis. Different categories of investors have significant differences as well as similarities. ...

    • Natural Openness and Good Government 

      Wei, Shang-Jin (Center for International Development at Harvard University, 2001-02)
      This paper offers a possibly new interpretation of the connection between openness and good governance. Assuming that corruption and bad governance drive out international trade and investment more than domestic trade and ...

    • Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises 

      Wei, Shang-Jin; Wu, Yi (Center for International Development at Harvard University, 2001-03)
      Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two rival explanations for currency crisis. This paper examines a possible linkage between the two that has not been ...

    • Offshore Investment Funds: Monsters in Emerging Markets? 

      Kim, Woochan; Wei, Shang-Jin (Center for International Development at Harvard University, 2001-06)
      The 1997-98 financial crises in the emerging markets have brought to the foreground the concern about offshore investment funds and their possible role in exacerbating financial market volatility. Offshore investment funds ...

    • Quality of Bureaucracy and Open-Economy Macro Policies 

      Bai, Chong-En; Wei, Shang-Jin (Center for International Development at Harvard University, 2001-02)
      Bureaucratic quality in terms of the level of corruption varies widely across countries, and is in general slow to evolve relative to the speed with which many economic policies can be implemented such as the imposition ...