|
|
Dr. Hiro
(Hiroyuki) Ito Associate
Professor of Economics Ph.D.
Economics, University of
California, Santa Cruz; M.A.
Economics, UCSC; M.A.
International Relations, Johns Hopkins
University; B.A.
Law, Waseda University, |
|
|
|
|
Address: Portland State University 1721 SW Broadway, Suite 241 Portland, Oregon 97201 Tel: 503-725-3930 Fax: 503-725-3945 Email: ito@pdx.edu |
Curriculum Vita |
The Trilemma Indexes (Aizenman, Chinn, and Ito, 2008)
are available here (Updated!
4/17/2011)
The Chinn-Ito index (Chinn and Ito,
2006, 2008) is available here (Updated!
3/22/2012)
CURRENT RESEARCH AND PUBLICATIONS
Published
and Forthcoming Papers
"Trilemma
Policy Convergence Patterns and Output Volatility" (with Joshua
Aizenman). NBER Working Paper #17806. Forthcoming in North American Journal of Economics and Finance (January 2012).
"The Impossible Trinity,
the International Monetary Framework and the Pacific Rim" (with J.
Aizenman). Forthcoming in I. N. Kaur and N. Singh
ed., Handbook of the Economics of the Pacific Rim (Oxford University Press).
"Rebalancing of the
World Economy and Asia" (with Menzie Chinn) Forthcoming in I. N. Kaur
and N. Singh ed., Handbook of the
Economics of the Pacific Rim (Oxford University Press). Mimeo (July 2011).
"Financial
Globalization and China" (with Menzie Chinn), forthcoming in the Encyclopedia of Financial Globalization,
edited by Gerard Caprio, et al. (Elsevier). Mimeo (August 2011).
"The
Financial Crisis, Rethinking of the Global Financial Architecture, and the
Trilemma," (with Joshua Aizenman and Menzie Chinn). In P. Morgan and
M. Kawai, eds., Monetary and Currency
Policy Issues for Asia: Implications of the Global Financial Crisis, Edward
Elgar (February 2012).
"Rebalancing Global Growth"
(with Barry Eichengreen and Menzie Chinn). In Canuto, O and D. M. Leipzige,
eds. Ascent after Decline: Regrowing
Economic Growth, edited by (Jan. 2012).
Study Guide to Accompany
International Economics: Theory and Policy, by Paul Krugman, Maurice Obstfeld,
and Marc J. Meltiz, with Michael Klein, Linda
Goldberg, and Jay Shambaugh. Harper-Collins: New York (2011).
"Surfing the Waves of Globalization: Asia
and Financial Globalization in the Context of the Trilemma," (with
Joshua Aizenman, University of California, Santa Cruz and Menzie Chinn,
University of Wisconsin, Madison), Journal
of the Japanese and International Economies, vol. 25(3), p. 290 – 320
(September 2011).
"Trilemma Configurations in Asia in an Era of Financial
Globalization" (with Joshua Aizenman, University of California, Santa Cruz
and Menzie Chinn), In China and Asia in
the Global Economy, edited by Yin-Wong Cheung and Guonan Ma (July
2011).
"Book review on
China and Asia: Economic and Financial
Interactions edited by Yin-Wong Cheung and Kar-Yiu Wong, Routledge
Studies in the Modern World Economy, 2009). Pacific Affairs, Volume
84, No. 2 (June 2011).
"The Emerging
Global Financial Architecture: Tracing and Evaluating the New Patterns of the
Trilemma's Configurations" (with Joshua Aizenman and Menzie Chinn), Journal of International Money and Finance,
Vol. 29, No. 4, p. 615-641 (2010).
"Cross-sectional analysis
on the determinants of international reserves accumulation" (with
Yin-Wong Cheung, University of California, Santa Cruz). International Economic Journal, Vol. 23, No. 4, p. 447-481,
(December 2009).
"U.S.
Current Account Debate, With Japan then, with China now". Journal of Asian Economics, Volume 20,
Issue 3, p. 294-313 (May 2009).
"East Asia and Global
Imbalances: Saving, Investment, and Financial Development" (with
Menzie Chinn). In Financial Sector
Development in the Pacific Rim, edited by Takatoshi Ito and Andrew Rose,
National Bureau of Economic Research-East Asian Seminar on Economics
(NBER-EASE) Volume 18 (April 2009).
Entries for The Princeton
Encyclopedia of the World Economy, Princeton University Press, edited by
Kenneth Reinert and Ramkishen Rajan (December 2008).
"Expenditure Switching
and Expenditure Changing"
"Hoarding of International Reserves: A Comparison of the Asian
and Latin American Experiences" (with Yin-Wong Cheung). In Rajan, R.S., S.
Thangavelu and R.A. Parinduri, Eds., Monetary,
Exchange Rate and Financial Issues and Policies in Asia, Singapore: World
Scientific Press (December 2008).
Book Review on Monetary Policy with Very Low Inflation in
the Pacific Rim (Edited by Takatoshi Ito and Andy Rose, National Bureau
of Economic Research, 2006). International
Review of Economics and Finance, Volume 17, Issue 3, p. 492-494 (2008).
"A New Measure of
Financial Openness" (with Menzie Chinn). Journal of Comparative Policy
Analysis, Volume 10, Issue 3, p. 309-322 (September 2008).
The KAOPEN data are
available here.
"Global
Current Account Imbalances: American Fiscal Policy versus East Asian
Savings" (with Menzie Chinn). Review
of International Economics, Volume 16, Issue 3, p. 479-498 (August 2008).
"American Fiscal Profligacy or East Asian Saving Glut?
Appraisal of the Global Current Account Imbalances." International Reserves in Middle- and Low-Income Countries: Background
of Recent Accumulation, Management, Monetary and Exchange Rate Policy, and
Outlook edited by FLAR (Latin American Reserve Fund) (December 2007).
"Price-based Measurement of
Financial Globalization: A Cross-Country Study of Interest Rate Parity"
(with Menzie Chinn). Pacific Economic
Review, Vol. 12, Issue 4 (October, 2007).
"Current Account
Balances, Financial Development and Institutions: Assaying the World 'Savings
Glut'," (with Menzie Chinn). Journal of International Money and
Finance, Volume 26, Issue 4, p. 546-569 (June 2007), also available as NBER Working Paper No. 11761 (November 2005).
"Financial Development in Asia:
Thresholds, Institutions, and the Sequence of Liberalization". North American Journal of Economics and
Finance, issue 17(3) (December 2006).
"What Matters for Financial Development?
Capital Controls, Institutions, and Interactions," (with Menzie
Chinn). Journal of Development Economics,
Volume 81, Issue 1, Pages 163-192 (October 2006). The longer version is
available as NBER Working Paper No. 11370 (May 2005). The previous version is "Capital Account Liberalization, Institutions and
Financial Development: Cross Country Evidence," (with Menzie Chinn) NBER
Working Paper Series, #8967 (June 2002). This paper has been awarded for
being one of the 10 most cited papers published by Journal of Development Economics over the 2005-09 period.
The
updated KAOPEN data series are available. Visit this site.
"Does China
Compete with Japan in the US Market? What About Other East Asian Countries? A
Triangular Trade Approach" (with Yushi Yoshida). Asian Pacific Business Review, Volume 12, Number 3, p. 285-307
(July 2006).
Working Papers
"New Measures of the
Trilemma Hypothesis and Their Implications for Asia" (with Masahiro Kawai,
ADBI). Mimeo. (February 2012).
"The Persistence and Determinants of
Current Account Balances: The Implications for Global Rebalancing"
(with Erica Clower, University of Washington). Mimeo. (December 2011).
"The Trilemma Challenge
for SEACEN Member Economies: New Measures of the Trilemma
Hypothesis and Their Implications on Asia" (with
Masahiro Kawai, ADBI). Mimeo. (October 2011).
"A
Forensic Analysis of Global Imbalances" (with M. Chinn and B.
Eichengreen), NBER
Working Paper Series, #17513 (October 2011). Under review.
"Global
Imbalances: Are They Back, Should We Worry, and What Should We Do About
Them?" (with B. Eichengreen and M. Chinn). Mimeo. (October 2011).
"An
Analysis of the Effects of Financial Market Imperfections on Indian Firms'
Exporting Behavior," (with Akiko Terada-Hagiwara, ADB). Mimeo (July
2011), under review.
"What Makes Developing Asia Resilient in a Financially
Globalized World?" (with Juthathip Jongwanich and Akiko Terada-Hagiwara,
Asian Development Bank, Manila, Philippines), Asian Development Bank Economics
Working Paper Series #181 (Revised in June 2010).
"The 'Impossible
Trinity' Hypothesis in an Era of Global Imbalances: Measurement and
Testing" (with Joshua Aizenman and Menzie Chinn), mimeo, November
2008. Revise and resubmit.
"Assessing the Emerging Global Financial
Architecture: Measuring the Trilemma's Configurations over Time" (with
Joshua Aizenman and Menzie Chinn), NBER Working Paper Series, #14533 (December
2008, updated in April 2009).
"Is Financial Openness a Bad Thing? An
Analysis on the Correlation Between Financial Liberalization and the Output
Performance of Crisis-Hit Economies", UCSC Working Paper series #4-23
(August 2004).
"Was Japan's Real Interest Rate
Really Too High during the 1990s? The Role of the Zero Interest Rate Bound and
Other Factors," UCSC Working Paper Series (November 2003)
COURSES I HAVE TAUGHT
Undergraduate
Principle of Economics (that includes both intro. micro- and
macroeconomics)
Principle
of Macroeconomics
Intermediate
Macroeconomic Theory
International
Finance (open to graduate students)
East
Asian Economic Development (open to graduate students)
Political
Economy of Japanese Development
Introduction
to Econometrics
Graduate
Advanced
Macroeconomics
Applications of Advanced Macroeconomic Theory (sequel to the above
course)
International
Finance
East
Asian Economic Development
East
Asian Economic Development for MBA students
Macroeconomics and Financial System (MBA at Willamette University)
Updated on March 22, 2012
