Details about Francis Warnock

Access statistics for papers by Francis Warnock.

Last updated 2016-12-27. Update your information in the RePEc Author Service.

Short-id: pwa807

Working Papers

2015

1. Bond Market Development in Developing Asia
   ADB Economics Working Paper Series, Asian Development Bank View citations (14)
2. U.S. Investment in global bonds: As the fed pushes, some EMEs pull
   Indira Gandhi Institute of Development Research, Mumbai Working Papers, Indira Gandhi Institute of Development Research, Mumbai, India View citations (22)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (8)
   See also Journal Article US investment in global bonds: as the Fed pushes, some EMEs pull, Economic Policy, CEPR, CESifo, Sciences Po (2015) View citations (25) (2015)

2014

3. Uncovered Equity Parity and Rebalancing in International Portfolios
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2014) View citations (29)
   See also Journal Article Uncovered Equity Parity and rebalancing in international portfolios, Journal of International Money and Finance, Elsevier (2014) View citations (29) (2014)

2013

4. On Returns Differentials
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2013) View citations (44)
   See also Journal Article On returns differentials, Journal of International Money and Finance, Elsevier (2013) View citations (46) (2013)

2012

5. Capital Debt -and Equity-Led Capital Flow Episodes
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (35)
6. Debt- and Equity-Led Capital Flow Episodes
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (51)
   See also Chapter Debt-and Equity-Led Capital Flow Episodes, Central Banking, Analysis, and Economic Policies Book Series, Central Bank of Chile (2014) View citations (21) (2014)
7. U.S. International Equity Investment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (21)
   Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2012) View citations (19)
   See also Journal Article U.S. International Equity Investment, Journal of Accounting Research, Wiley Blackwell (2012) View citations (21) (2012)

2011

8. Capital Flow Waves: Surges, Stops, Flight, and Retrenchment
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (102)
   See also Journal Article Capital flow waves: Surges, stops, flight, and retrenchment, Journal of International Economics, Elsevier (2012) View citations (1023) (2012)
   Chapter Capital Flow Waves: Surges, Stops, Flight, and Retrenchment, NBER Chapters, National Bureau of Economic Research, Inc (2011) View citations (97) (2011)
9. U.S. International Equity Investment and Past and Prospective Returns
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (43)
   See also Journal Article US International Equity Investment and Past and Prospective Returns, American Economic Review, American Economic Association (2011) View citations (55) (2011)
10. U.S. international equity investment and past prospective returns
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (10)

2010

11. Emerging Local Currency Bond Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
12. External Capital Structures and Oil Price Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2010) View citations (2)

2009

13. Decomposing the U.S. External Returns Differential
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2009) View citations (2)
    See also Journal Article Decomposing the U.S. external returns differential, Journal of International Economics, Elsevier (2010) View citations (16) (2010)

2008

14. Cross-Border Returns Differentials
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (118)
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2007) View citations (37)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (71)
    See also Journal Article Cross-Border Returns Differentials, The Quarterly Journal of Economics, President and Fellows of Harvard College (2008) View citations (92) (2008)
15. Current Account Sustainability and Relative Reliability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2008) View citations (6)
    See also Chapter Current Account Sustainability and Relative Reliability, NBER Chapters, National Bureau of Economic Research, Inc (2009) View citations (21) (2009)
16. Financial globalization, governance, and the evolution of the home bias
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (2)
    Also in BIS Working Papers, Bank for International Settlements (2006) View citations (13)
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2006) View citations (39)
    NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (39)
    See also Journal Article Financial Globalization, Governance, and the Evolution of the Home Bias, Journal of Accounting Research, Wiley Blackwell (2009) View citations (107) (2009)
17. Markets and Housing Finance
    Working Papers, Hong Kong Institute for Monetary Research View citations (71)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (18)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2007) View citations (9)
    See also Journal Article Markets and housing finance, Journal of Housing Economics, Elsevier (2008) View citations (63) (2008)
18. Why do U.S. cross-listings matter?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (3)

2007

19. Do Foreigners Invest Less in Poorly Governed Firms?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (27)
    See also Chapter Do Foreigners Invest Less in Poorly Governed Firms?, NBER Chapters, National Bureau of Economic Research, Inc (2010) View citations (42) (2010)
    Journal Article Do Foreigners Invest Less in Poorly Governed Firms?, The Review of Financial Studies, Society for Financial Studies (2010) View citations (42) (2010)
20. Sudden Flight and True Sudden Stops
    The Institute for International Integration Studies Discussion Paper Series, IIIS View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (47)
    See also Journal Article Sudden Flight and True Sudden Stops, Review of International Economics, Wiley Blackwell (2011) View citations (89) (2011)
21. The Stability of Large External Imbalances: The Role of Returns Differentials
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (30)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2007) View citations (17)

2006

22. Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article Cross-border listings, capital controls, and equity flows to emerging markets, Journal of International Money and Finance, Elsevier (2008) View citations (57) (2008)
23. Foreign Participation in Local Currency Bond Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (96)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (42)
    See also Journal Article Foreign participation in local currency bond markets, Review of Financial Economics, Elsevier (2007) View citations (71) (2007)
24. International Capital Flows and U.S. Interest Rates
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (88)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2005) View citations (18)
    The Institute for International Integration Studies Discussion Paper Series, IIIS (2005) View citations (23)
25. International Diversification at Home and Abroad
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank (2005) View citations (1)
    Kiel Working Papers, Kiel Institute for the World Economy (IfW Kiel) (2005) View citations (1)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (9)
26. Is Home Bias in Assets Related to Home Bias in Goods?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (44)
27. Local Currency Bond Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (141)
    See also Journal Article Local Currency Bond Markets, IMF Staff Papers, Palgrave Macmillan (2006) View citations (162) (2006)
28. Look at Me Now: What Attracts U.S. Shareholders?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
29. The Performance of International Equity Portfolios
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) View citations (25)

2005

30. Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
    See also Chapter Current Account Deficits in Industrial Countries: The Bigger They Are, The Harder They Fall?, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (54) (2007)

2004

31. Corporate governance and the shareholder base
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
32. Look at me now: the role of cross-listing in attracting U.S. investors
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (7)

2003

33. Cross-board listings, capital controls, and equity flows to emerging markets
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)
34. Diversification, original sin, and international bond portfolios
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (54)
35. Firm-level access to international capital markets: evidence from Chilean equities
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)
    See also Journal Article Firm-level access to international capital markets: evidence from Chilean equities, Emerging Markets Review, Elsevier (2003) View citations (10) (2003)
36. U.S. investors' emerging market equity portfolios: a security-level analysis
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (12)
    See also Journal Article U.S. Investors' Emerging Market Equity Portfolios: A Security-Level Analysis, The Review of Economics and Statistics, MIT Press (2004) View citations (44) (2004)

2002

37. Financial centers and the geography of capital flows
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (10)
    See also Journal Article Financial Centres and the Geography of Capital Flows, International Finance, Wiley Blackwell (2003) View citations (27) (2003)

2001

38. A Simple Measure of the Intensity of Capital Controls
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (49)
    See also Journal Article A simple measure of the intensity of capital controls, Journal of Empirical Finance, Elsevier (2003) View citations (188) (2003)
39. Home bias and high turnover reconsidered
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (16)
    See also Journal Article Home bias and high turnover reconsidered, Journal of International Money and Finance, Elsevier (2002) View citations (72) (2002)

2000

40. Exchange rate dynamics and the welfare effects of monetary policy in a two-country model with home-product bias
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.)
    See also Journal Article Exchange rate dynamics and the welfare effects of monetary policy in a two-country model with home-product bias, Journal of International Money and Finance, Elsevier (2003) View citations (51) (2003)
41. Information costs and home bias: an analysis of U.S. holdings of foreign equities
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (66)
    See also Journal Article Information costs and home bias: an analysis of US holdings of foreign equities, Journal of International Economics, Elsevier (2004) View citations (413) (2004)
42. The declining volatility of U.S. employment: was Arthur Burns right?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (21)
43. The geography of capital flows: what we can learn from benchmark surveys of foreign equity holdings
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

1998

44. Idiosyncratic tastes in a two-country optimizing model: implications; of a standard presumption
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (10)

Journal Articles

2015

1. US investment in global bonds: as the Fed pushes, some EMEs pull
   Economic Policy, 2015, 30, (84), 729-766 View citations (25)
   See also Working Paper U.S. Investment in global bonds: As the fed pushes, some EMEs pull, Indira Gandhi Institute of Development Research, Mumbai Working Papers (2015) View citations (22) (2015)

2014

2. Uncovered Equity Parity and rebalancing in international portfolios
   Journal of International Money and Finance, 2014, 47, (C), 86-99 View citations (29)
   See also Working Paper Uncovered Equity Parity and Rebalancing in International Portfolios, NBER Working Papers (2014) View citations (33) (2014)

2013

3. On returns differentials
   Journal of International Money and Finance, 2013, 36, (C), 1-25 View citations (46)
   See also Working Paper On Returns Differentials, NBER Working Papers (2013) View citations (47) (2013)

2012

4. Capital flow waves: Surges, stops, flight, and retrenchment
   Journal of International Economics, 2012, 88, (2), 235-251 View citations (1023)
   See also Chapter Capital Flow Waves: Surges, Stops, Flight, and Retrenchment, NBER Chapters, 2011 (2011) View citations (97) (2011)
   Working Paper Capital Flow Waves: Surges, Stops, Flight, and Retrenchment, NBER Working Papers (2011) View citations (102) (2011)
5. Foreign exposure through domestic equities
   Finance Research Letters, 2012, 9, (1), 8-20 View citations (17)
6. U.S. International Equity Investment
   Journal of Accounting Research, 2012, 50, (5), 1109-1139 View citations (21)
   See also Working Paper U.S. International Equity Investment, NBER Working Papers (2012) View citations (21) (2012)

2011

7. Sudden Flight and True Sudden Stops
   Review of International Economics, 2011, 19, (3), 509-524 View citations (89)
   See also Working Paper Sudden Flight and True Sudden Stops, The Institute for International Integration Studies Discussion Paper Series (2007) View citations (2) (2007)
8. US International Equity Investment and Past and Prospective Returns
   American Economic Review, 2011, 101, (7), 3440-55 View citations (55)
   See also Working Paper U.S. International Equity Investment and Past and Prospective Returns, NBER Working Papers (2011) View citations (43) (2011)

2010

9. Can trade costs in goods explain home bias in assets?
   Journal of International Money and Finance, 2010, 29, (6), 1108-1123 View citations (41)
10. Decomposing the U.S. external returns differential
    Journal of International Economics, 2010, 80, (1), 22-32 View citations (16)
    See also Working Paper Decomposing the U.S. External Returns Differential, NBER Working Papers (2009) View citations (18) (2009)
11. Do Foreigners Invest Less in Poorly Governed Firms?
    The Review of Financial Studies, 2010, 23, (3), 3245-3285 View citations (42)
    Also in The Review of Financial Studies, 2009, 22, (8), 3245-3285 (2009) View citations (204)
    See also Chapter Do Foreigners Invest Less in Poorly Governed Firms?, NBER Chapters, 2010 (2010) View citations (42) (2010)
    Working Paper Do Foreigners Invest Less in Poorly Governed Firms?, Working Papers (2007) View citations (14) (2007)

2009

12. Financial Globalization, Governance, and the Evolution of the Home Bias
    Journal of Accounting Research, 2009, 47, (2), 597-635 View citations (107)
    See also Working Paper Financial globalization, governance, and the evolution of the home bias, Globalization Institute Working Papers (2008) View citations (2) (2008)

2008

13. Cross-Border Returns Differentials
    The Quarterly Journal of Economics, 2008, 123, (4), 1495-1530 View citations (92)
    See also Working Paper Cross-Border Returns Differentials, NBER Working Papers (2008) View citations (118) (2008)
14. Cross-border listings, capital controls, and equity flows to emerging markets
    Journal of International Money and Finance, 2008, 27, (6), 1013-1027 View citations (57)
    See also Working Paper Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets, NBER Working Papers (2006) View citations (4) (2006)
15. Darden conference issue: Capital raising in emerging economies
    Journal of Financial Economics, 2008, 88, (3), 425-429 View citations (1)
16. Markets and housing finance
    Journal of Housing Economics, 2008, 17, (3), 239-251 View citations (63)
    See also Working Paper Markets and Housing Finance, Working Papers (2008) View citations (71) (2008)
17. The Impact of a Disorderly Resolution of Global Imbalances on Global Wealth
    Economic Notes, 2008, 37, (3), 345-379

2007

18. Foreign participation in local currency bond markets
    Review of Financial Economics, 2007, 16, (3), 291-304 View citations (71)
    See also Working Paper Foreign Participation in Local Currency Bond Markets, NBER Working Papers (2006) View citations (96) (2006)

2006

19. Local Currency Bond Markets
    IMF Staff Papers, 2006, 53, 7 View citations (162)
    See also Working Paper Local Currency Bond Markets, NBER Working Papers (2006) View citations (141) (2006)

2004

20. Information costs and home bias: an analysis of US holdings of foreign equities
    Journal of International Economics, 2004, 62, (2), 313-336 View citations (413)
    See also Working Paper Information costs and home bias: an analysis of U.S. holdings of foreign equities, International Finance Discussion Papers (2000) View citations (66) (2000)
21. U.S. Investors' Emerging Market Equity Portfolios: A Security-Level Analysis
    The Review of Economics and Statistics, 2004, 86, (3), 691-704 View citations (44)
    See also Working Paper U.S. investors' emerging market equity portfolios: a security-level analysis, International Finance Discussion Papers (2003) View citations (12) (2003)

2003

22. A simple measure of the intensity of capital controls
    Journal of Empirical Finance, 2003, 10, (1-2), 81-103 View citations (188)
    See also Working Paper A Simple Measure of the Intensity of Capital Controls, International Finance Discussion Papers (2001) View citations (49) (2001)
23. Exchange rate dynamics and the welfare effects of monetary policy in a two-country model with home-product bias
    Journal of International Money and Finance, 2003, 22, (3), 343-363 View citations (51)
    See also Working Paper Exchange rate dynamics and the welfare effects of monetary policy in a two-country model with home-product bias, International Finance Discussion Papers (2000) (2000)
24. Financial Centres and the Geography of Capital Flows
    International Finance, 2003, 6, (1), 27-59 View citations (27)
    See also Working Paper Financial centers and the geography of capital flows, International Finance Discussion Papers (2002) View citations (10) (2002)
25. Firm-level access to international capital markets: evidence from Chilean equities
    Emerging Markets Review, 2003, 4, (1), 39-51 View citations (10)
    See also Working Paper Firm-level access to international capital markets: evidence from Chilean equities, International Finance Discussion Papers (2003) View citations (8) (2003)

2002

26. Home bias and high turnover reconsidered
    Journal of International Money and Finance, 2002, 21, (6), 795-805 View citations (72)
    See also Working Paper Home bias and high turnover reconsidered, International Finance Discussion Papers (2001) View citations (16) (2001)

2001

27. The U.S. system for measuring cross-border investment in securities: a primer with a discussion of recent developments
    Federal Reserve Bulletin, 2001, 87, (Oct), 634-650 View citations (26)

2000

28. U.S. international transactions in 1999
    Federal Reserve Bulletin, 2000, 86, (May), 301-314

Chapters

2015

1. Cross-border portfolios: assets, liabilities, and non-flow adjustments
   A chapter in Cross-border Financial Linkages: Challenges for Monetary Policy and Financial Stability, 2015, vol. 82, pp 7-24

2014

2. Debt-and Equity-Led Capital Flow Episodes
   Chapter 9 in Capital Mobility and Monetary Policy, 2014, vol. 18, pp 291-322 View citations (21)
   See also Working Paper Debt- and Equity-Led Capital Flow Episodes, National Bureau of Economic Research, Inc (2012) View citations (51) (2012)

2012

3. Developing Housing Finance Systems
   A chapter in Property Markets and Financial Stability, 2012 View citations (6)
4. Discussant remarks on John V Duca, John Muellbauer and Anthony Murphy’s paper "Credit standards and the bubble in US house prices: new econometric evidence"
   A chapter in Property markets and financial stability, 2012, vol. 64, pp 69-70

2011

5. Capital Flow Waves: Surges, Stops, Flight, and Retrenchment
   A chapter in Global Financial Crisis, 2011 View citations (97)
   See also Working Paper Capital Flow Waves: Surges, Stops, Flight, and Retrenchment, National Bureau of Economic Research, Inc (2011) View citations (102) (2011)
   Journal Article Capital flow waves: Surges, stops, flight, and retrenchment, Elsevier (2012) View citations (1023) (2012)

2010

6. Do Foreigners Invest Less in Poorly Governed Firms?
   A chapter in Corporate Governance, 2010 View citations (42)
   See also Journal Article Do Foreigners Invest Less in Poorly Governed Firms?, Society for Financial Studies (2010) View citations (42) (2010)
   Working Paper Do Foreigners Invest Less in Poorly Governed Firms?, University of Pennsylvania, Wharton School, Weiss Center (2007) View citations (14) (2007)

2009

7. Current Account Sustainability and Relative Reliability
   A chapter in NBER International Seminar on Macroeconomics 2008, 2009, pp 67-109 View citations (21)
   See also Working Paper Current Account Sustainability and Relative Reliability, National Bureau of Economic Research, Inc (2008) View citations (31) (2008)

2007

8. Current Account Deficits in Industrial Countries: The Bigger They Are, The Harder They Fall?
   A chapter in G7 Current Account Imbalances: Sustainability and Adjustment, 2007, pp 133-168 View citations (54)
   See also Working Paper Current Account Deficits in Industrial Countries: The Bigger They are, the Harder They Fall?, National Bureau of Economic Research, Inc (2005) View citations (41) (2005)