Publication

Books and Monographs

· Trade Regionalism in the Asia-Pacific: Developments and Future Challenges (co-edited with Sanchita Basu Das). Singapore: ISEAS-Yusof Ishak Institute, 2016.
· Managing the Transition to a Low-Carbon Economy: Perspectives, Policies, and Practices from Asia (co-edited with Venkatachalam Anbumozhi and Bindu N. Lohani). Tokyo: Asian Development Bank Institute, 2015.
· Monetary and Financial Cooperation in East Asia: The State of Affairs after the Global Financial and European Crisis (co-edited with Yung Chul Park and Charles Wyplosz). Oxford: Oxford University Press, 2015.
· Transpacific Rebalancing: Implications for Trade and Economic Growth (co-edited with Barry P. Bosworth). Washington, DC: Brookings Institution Press, 2015.
· Renminbi Internationalization: Achievements, Prospects, and Challenges (co-edited with Barry Eichengreen). Washington, DC: Brookings Institution Press, 2015.
· New Frontiers in Asia-Latin America Integration: Trade Facilitation, Productions Networks, and FTAs (co-edited with Antoni Estevadeordal and Ganeshan Wignaraja). New Delhi and Singapore: SAGE, 2015.
· Rebalancing for Sustainable Growth: Asia’s Postcrisis Challenge (co-edited with Jong-Wha Lee). Tokyo: Springer, 2015.
· A World Trade Organization for the 21st Century: The Asian Perspective (co-edited with Richard Baldwin and Ganeshan Wignaraja). Cheltenham, United Kingdom: Edward Elgar, 2014.
· Reform of the International Monetary System: An Asian Perspective (co-edited with Mario B. Lamberte and Peter J. Morgan). Tokyo, Heidelberg, New York, Dordrecht, and London: Springer, 2014.
· The Political Economy of Asian Regionalism (co-edited with Giovanni Capannelli). Tokyo, Heidelberg, New York, Dordrecht, and London: Springer, 2014.
· Patterns of Free Trade Areas in Asia (coauthored with Ganeshan Wignaraja). East-West Center Policy Studies, No. 65, Honolulu: East –West Center, 2013.
· New Paradigms for Financial Regulation: Emerging market Perspectives (co-edited with Eswar Prasad). Washington, DC: Brookings Institution Press, 2013.
· Infrastructure for Asian Connectivity (co-edited with Biswa N. Bhattacharyay and Rajat M. Nag). Cheltenham, United Kingdom: Edward Elgar, 2012.
· The Global Financial Crisis and Asia: Implications and Challenges (co-edited with Mario Lamberte and Yung Chul Park). Oxford: Oxford University Press, 2012.
· Capital Market Reform in Asia: Towards Developed and Integrated Markets in Times of Change (co-edited with Andrew Sheng). New Delhi: Sage, 2012.
· Monetary and Currency Policy Management in Asia (co-edited with Peter J. Morgan and Shinji Takagi). Cheltenham, United Kingdom: Edward Elgar, 2012.
· Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia (co-edited with David G. Mayes and Peter J. Morgan). Cheltenham, United Kingdom: Edward Elgar, 2012.
· Asian Perspectives on Financial Sector Reforms and Regulation (co-edited with Eswar S. Prasad). Washington, DC: Brookings Institution Press, 2011.
· The Global Financial Crisis, Future of the Dollar, and the Choice for Asia (co-edited with Duck-Koo Chung). Seoul: NEAR Press, 2011.
· Asia and Policymaking for the Global Economy (co-edited with Kemal Dervis and Domenico Lombardi). Washington, DC: Brookings Institution Press, 2011.
· Financial Market Regulation and Reforms in Emerging Markets (co-edited with Eswar S. Prasad). Washington, DC: Brookings Institution Press, 2011.
· Asia’s Free Trade Agreements: How Is Business Responding? (co-edited with Ganeshan Wignaraja). Cheltenham, United Kingdom: Edward Elgar, 2011.
· Asian Regionalism in the World Economy: Engine for Dynamism and Stability (co-edited with Jong-Wha Lee and Peter A. Petri, with the assistance of Giovanni Capannelli). Cheltenham, United Kingdom: Edward Elgar, 2010.
· Managing Capital Flows: Search for a Framework (co-edited with Mario Lamberte). Cheltenham, United Kingdom: Edward Elgar, 2010.
· Effects of Social Policy on Domestic Demand: Annual Conference 2009 (co-edited with Gloria O. Pasadilla). Tokyo: Asian Development Bank Institute, 2010.
· A Decade of Developments: 10th Anniversary Annual Conference 2007 (co-edited Asia’s Contribution to Global Economic Development and Stability: Annual Conference 2008 (co-edited with Susan F. Stone). Tokyo: Asian Development Bank Institute, 2009.
· with Susan F. Stone). Tokyo: Asian Development Bank Institute, 2008.
· Policy Coherence towards East Asia: Development Challenges for OECD Countries (co-edited with Kiichiro Fukasaku, Michael G. Plummer, Alexandra Trzeciak-Duval). Paris: Development Centre, Organisation for Economic Cooperation and Development, 2005.
· Financial Interdependence and Exchange Rate Regimes in East Asia (edited). Tokyo: Policy Research Institute, Ministry of Finance, Japan, 2004.
· Exchange Rate Regimes in East Asia (co-edited with Gordon de Brouwer). London and New York: Routledge Curzon, 2004.
· Financial Development and Integration in East Asia (co-edited with Choong-Yong Ahn, Takatoshi Ito, and Yung-Chul Park). Seoul: Korea Institute for International Economic Policy, 2003.
· The New World Fiscal Order (co-edited with C. Eugene Steuerle). Washington, D.C.: Urban Institute Press, 1996.
· The Future of the World Trading System: Asian Perspectives (co-edited with Richard Baldwin and Ganeshan Wignaraja). Tokyo and London: Asian Development Bank Institute and Centre for Economic Policy Research, 2013.
 

Papers Published in Refereed Academic Journals

· “ASEAN’s Trade and Foreign Direct Investment: Long-term Challenges for Economic Integration” (coauthored with Kanda Naknoi). Forthcoming in Singapore Economic Review, 63:1 (2018), pp. 1840004:1-38.
· “Trade Invoicing in Major Currencies in the 1970s-1990s: Lessons for Renminbi Internationalization” (coauthored with Hiro Ito). Journal of the Japanese and International Economies, 42 (2016), pp. 123-145.
· “Is There Really a Renminbi Bloc in Asia?: A Modified Frankel-Wei Approach” (coauthored with Victor Pontines). Journal of International Money and Finance, 62 (2016), pp. 72-97.
· “Trilemma Challenges for the People’s Republic of China” (coauthored with Li-Gang Liu). Asian Development Review, 32:1 (March 2015), pp. 49-89.
· “Asia’s Role in the Global Economic Architecture” (coauthored with Peter A. Petri). Contemporary Economic Policy, 32:1 (January 2014), pp. 230-245.
· “Asian FTAs: Trends, Prospects and Challenges” (coauthored with Ganeshan Wignaraja). Journal of Asian Economics, 22:1 (February 2011), pp. 1-22.
· “Asia’s Post-Global Financial Crisis Adjustment: A Model-Based Dynamic Scenario Analysis” (coauthored with Fan Zhai). Asian Development Review, 27:2 (December 2010), pp. 122-151.
· “Reform of the International Financial Architecture: An Asian Perspective.” Singapore Economic Review, 55:1 (March 2010), pp. 207-242.
· “China-Japan-United States Integration amid Global Rebalancing: A Computable General Equilibrium Analysis” (coauthored with Fan Zhai). Journal of Asian Economics, 20:6 (November 2009), pp. 688-699.
· “Global and Regional Economic Integration: A View from Asia” (coauthored with Ganeshan Wignaraja). Integration and Trade, 29:13 (January-June 2009), pp. 35-46.
· “EAFTA or CEPEA? Which Way Forward?” (coauthored with Ganeshan Wignaraja). ASEAN Economic Bulletin, 25:2 (August 2008), pp. 113-139.
· “Toward a Regional Exchange Rate Regime in East Asia.” Pacific Economic Review, 13:1 (February 2008), pp. 83-103.
· “Reform of the Japanese Banking System.” International Economics and Economic Policy, 2:4 (December 2005), pp. 307-335.
· “Towards Regional Monetary Cooperation in East Asia: Lessons from Other Parts of the World” (coauthored with Shinji Takagi). International Journal of Finance and Economics, 10 (April 2005), pp. 97-116.
· “Financial Crises: Nine Lessons from East Asia” (coauthored with Richard Newfarmer and Sergio L. Schmukler). Eastern Economic Journal, 31:2 (Spring 2005), pp. 185-207.
· “Strategy for a Regional Exchange Rate Arrangement in East Asia: Analysis, Review and Proposal” (coauthored with Shinji Takagi). Global Economic Review, 34:1 (March 2005), pp. 21-64.
· “East Asian Economic Regionalism: Progress and Challenges.” Journal of Asian Economics, 16:1 (February 2005), pp. 29-55.
· “Japan’s Official Development Assistance: Recent Issues and Future Directions” (coauthored with Shinji Takagi). Journal of International Development, 16 (February 2004), pp. 255-180.
· “Was Financial Market Contagion the Source of Economic Crisis in Asia? Evidence Using a Multivariate VAR Model” (coauthored with Ahmed M. Khalid). Journal of Asian Economics, 14 (2003), pp. 133-159.
· “Global, Regional and National Approaches to the International Financial Architecture: Lessons from the East Asian Crisis.” The International Economy (Special Issue, Japan Society of International Economics), Screening Series No.7 (November 2002), pp. 65-108.
· “Recent Issues on Credit Rating Agencies in Asia.” Journal of Banking & Finance (Asian Bankers Association), Vol. XVII, No. 2 (2002), pp. 44-61.
· “The Resolution of the East Asian Crisis: Financial and Corporate Sector Restructuring.” Journal of Asian Economics, 11 (2000), pp. 133-168.
· “The Role of Nominal Anchor Currencies in Exchange Rate Arrangements” (coauthored with Shigeru Akiyama). Journal of the Japanese and International Economies, 12 (December 1998), pp. 334-387.
· “The Thai Financial System and the Baht Crisis: Processes, Causes and Lessons” (coauthored with Kentaro Iwatsubo). Review of Financial Markets, 1 (1998), pp. 235-261.
· “The East Asian Currency Crisis.” Contemporary Economic Policy, 14 (April 1998), pp. 157-172.
· “Nonstationarity of Real Exchange Rates in the G7 Countries: Are They Cointegrated with Real Variables?” (coauthored with Hidetaka Ohara). Journal of the Japanese and International Economies, 11 (December 1997), pp. 523-547.
· “Japanese Firms in Financial Distress and Main Banks: Analyses of Interest-rate Premia” (coauthored with Juro Hashimoto and Shigemi Izumida). Japan and the World Economy, 8 (1996), pp. 175-194.
· “Twin Deficits vs. Unpleasant Fiscal Arithmetic in a Small Open Economy” (coauthored with Louis J. Maccini). Journal of Money, Credit, and Banking, 27 (August 1995), pp. 639-658.
· “Optimal and Sustainable Exchange Rate Regimes: A Two-Country Game-Theoretic Approach.” International Monetary Fund Staff Papers, 40 (June 1993), pp. 329-368.
· “Price Uncertainty, Flexible Inputs and a Futures Market” (coauthored with Itzhak Zilcha). Economic Studies Quarterly, 42 (June 1991), pp. 174-180.
· “Fiscal Policy, Anticipated Switches in Methods of Finance and the Effects on the Economy” (coauthored with Louis J. Maccini). International Economic Review, 31 (November 1990), pp. 913-934.
· “Japan’s Demand for Long-term External Financial Assets in the 1980s.” Asian Economic Journal, 3 (September 1989), pp. 65-115.
· “Functional Form, Sample Selection and Housing Demand” (coauthored with Allen C. Goodman). Journal of Urban Economics, 20 (September 1986), pp. 155-167.
· “International Trade with Forward-Futures Markets under Exchange Rate and Price Uncertainty” (coauthored with Itzhak Zilcha). Journal of International Economics, 20 (February 1986), pp. 83-98.
· “Exchange Rates, the Current Account and Monetary-Fiscal Policies in the Short Run and in the Long Run.” Oxford Economic Papers, 37 (September 1985), pp. 391-425.
· “Welfare Implications of Commodity Price Stabilization with Partially Flexible Production, Private Storage and Buffer-Stock Costs” (coauthored with Shigeru Akiyama). Weltwirtschaftliches Archiv, 121 (June 1985), pp. 262-279.
· “Length of Residence Discounts and Rental Housing Demand: Theory and Evidence” (coauthored with Allen C. Goodman). Land Economics, 61 (May 1985), pp. 93-105.
· “Functional Form and Rental Housing Market Analysis” (coauthored with Allen C. Goodman). Urban Studies, 21 (November 1984), pp. 367-376.
· “Estimation and Policy Implications of Rental Housing Demand” (coauthored with Allen C. Goodman). Journal of Urban Economics, 16 (July 1984), pp. 76-90.
· “Replicative Evidence on the Demand for Owner-Occupied and Rental Housing” (coauthored with Allen C. Goodman). Southern Economic Journal, 50 (April 1984), pp. 1036-1057.
· “The Effect of Forward Exchange on Spot Rate Volatility under Risk and Rational Expectations.” Journal of International Economics, 16 (February 1984), pp. 155-172.
· “Price Volatility of Storable Commodities under Rational Expectations in Spot and Futures Markets.” International Economic Review, 24 (June 1983), pp. 435-459.
· “Spot and Futures Prices of Nonstorable Commodities under Rational Expectations.” Quarterly Journal of Economics, 98 (May 1983), pp. 235-254.
· “Exchange Rate Volatility, Balance of Payments Instability and Stabilizing-Destabilizing Capital Flows.” Weltwirtschaftliches Archiv, 118 (September 1982), pp. 430-442.
· “Permanent Income, Hedonic Prices and Demand for Housing: New Evidence” (coauthored with Allen C. Goodman). Journal of Urban Economics, 12 (September 1982), pp. 214-237.
· “The Behavior of an Open-Economy Firm under Flexible Exchange Rates.” Economica, 48 (February 1981), pp. 45-60.
 

Papers Published in Non-refereed Academic Journals

· “Long-term Issues of Fiscal Sustainability in Emerging Asia” (coauthored with Peter Morgan). Public Policy Review, Policy Research Institute of Japan’s Ministry of Finance, 9:4 (September 2013), pp. 751-769.
· “Financing Development Cooperation in Northeast Asia.” Northeast Asian Economic Review, 1:10 (March 2013), pp. 1-40.
· “Central Banking for Financial Stability in Asia” (coauthored with Peter J. Morgan). Public Policy Review, Special Issue: Achieving Financial Stability, Policy Research Institute, Japan’s Ministry of Finance, 8:3 (August 2012), pp. 215-246.
· “Infrastructures et coopération régionale” (coauthored with Haruhiko Kuroda and Rita Nangia). Revue d’économie du développement, De Boeck Université, 15:4 (2007), pp. 91-124.
· “Evolving Economic Architecture in East Asia.” Kyoto Economic Review, 76:1 (June 2007), pp. 9-52.
· “Exchange Rate Arrangements in East Asia: Lessons from the 1997-98 Currency Crisis.” Monetary and Economic Studies (Special Edition, Bank of Japan), Vol. 20, No. S-1 (December 2002), pp. 167-214.
· “Toward a New Regional Financial Architecture in East Asia.” Hanyang Journal of Economic Studies (Special Issue: Korea-Japan Symposium, Hanyang Economic Institute, Hanyang University), Vol. XXIII, No. 2 (November 2002), pp. 23-61.
· “Strengthening Regional Financial Cooperation” (coauthored with Haruhiko Kuroda). Pacific Economic Papers, No. 332 (October 2002), pp. 1-35.
· “Bank and Corporate Restructuring in Crisis-Affected East Asia: From Systemic Collapse to Reconstruction.” Pacific Economic Papers, No. 317 (July 2001), pp. 1-45.
· “Le Japon Pays Crediteur: causes et implications.” Revue d’Economie Financiere, 24 (Spring 1993), pp.239-275.
· “Time Preference, International Capital Mobility and Optimum Asset Accumulation” (coauthored with Ryuhei Okumura). Annals of the Institute of Social Science, Institute of Social Science, University of Tokyo, 35 (1993), pp. 39-67.
· “Japanese Investment in Foreign Securities in the 1980s.” Pacific Economic Papers, No. 201 (November 1991), pp. 1-41.
· “Discipline, Credibility and Target Zones.” JCIF Policy Study Series, No. 14 (June 1989), pp. 1-26.
· “Japan’s Demand for Long-term External Financial Assets in the 1980s.” Annals of the Institute of Social Science, Institute of Social Science, University of Tokyo, 30 (1988), pp. 89-141.
· “Japan’s Portfolio Investment in Foreign Securities” (coauthored with Hirohiko Okumura). JCIF Policy Study Series, No. 9 (January 1988), pp. 1-29.
· “The Effects of Forward-Futures Markets on the Level of Export under Price and Exchange-Rate Uncertainty” (coauthored with Itzhak Zilcha). Geld, Banken und Versicherungen (1984/Band II), pp. 1111-1128.
· “A Study of PPP in the Recent Floating Period.” Journal of Economics, VII, Selected Papers and Notes from the Seventeenth Annual Meeting, Missouri Valley Economic Association (1981), pp. 37-40.
 

Papers Published in Books, Conference Proceedings, Dictionaries, and Others

· “International Spillovers of Monetary Policy: The U.S. Federal Reserve’s QE and the Bank of Japan’s QQE.” In Tamim Bayoumi, Stephen Pickford, and Paola Subacchi, eds., Managing Complexity: Economic Policy Cooperation After the Crisis (Washington, D.C.: Brookings Institution Press, 2016), pp. 139-176.
· “Introductory Overview─Trade Regionalism in the Asia-Pacific: Developments and Future Challenges” (coauthored with Sanchita Basu Das). In Sanchita Basu Das and Masahiro Kawai, eds., Trade Regionalism in the Asia-Pacific: Developments and Future Challenges (Singapore: ISEAS-Yusof Ishak Institute, 2016), pp. 1-25.
· “Challenges for the ASEAN Economic Community and ASEAN-Japan Relations.” In Masahiro Kawai, Moe Thuzar, and Bill Hayton, Research Paper, Asia Programme: ASEAN’s Regional Role and Relations with Japan: The Challenges for Deeper Integration (London: Chatham House, February 2016), pp. 6-15.
· “Toward a Low-Carbon Asia: Challenges of Economic Development” (coauthored with Venkatachalam Anbumozhi). In Venkatachalam Anbumozhi, Masahiro Kawai, and Bindu N. Lohani, eds., Managing the Transition to a Low-Carbon Economy: Perspectives, Policies, and Practices from Asia (Tokyo: Asian Development Bank Institute, 2015), pp. 11-44.
· “A View from Japan.” In Masahiro Kawai, Yung Chul Park, and Charles Wyplosz, eds., Monetary and Financial Cooperation in East Asia: The State of Affairs after the Global Financial and European Crisis (Oxford: Oxford University Press, 2015), pp. 158-197.
· “Financial and Monetary Cooperation in East Asia” (coauthored with Yung Chul Park). In Masahiro Kawai, Yung Chul Park, and Charles Wyplosz, eds., Monetary and Financial Cooperation in East Asia: The State of Affairs after the Global Financial and European Crisis (Oxford: Oxford University Press, 2015), pp. 11-51.
· “Asian Infrastructure Investment Bank in the Evolving International Financial Order.” In Daniel Bob, ed., Asian Infrastructure Investment Bank: China as Responsible Stakeholder? (Washington, DC: Sasakawa USA, 2015), pp. 5-26.
· “Japan’s Current Account Rebalancing” (coauthored with Shinji Takagi). In Barry P. Bosworth and Masahiro Kawai, eds., Transpacific Rebalancing: Implications for Trade and Economic Growth (Washington, DC: Brookings Institution Press, 2015), pp. 119-147.
· “Overview of Issues, Challenges, and Policy Directions” (coauthored with Barry P. Bosworth). In Barry P. Bosworth and Masahiro Kawai, eds., Transpacific Rebalancing: Implications for Trade and Economic Growth (Washington, DC: Brookings Institution Press, 2015), pp. 1-25.
· “The Renminbi and Exchange Rate Regimes in East Asia” (coauthored with Victor Pontines). In Barry Eichengreen and Masahiro Kawai, eds., Renminbi Internationalization: Achievements, Prospects, and Challenges (Washington, DC: Brookings Institution Press, 2015), pp. 159-204.
· “Introduction and Overview” (coauthored with Barry Eichengreen). In Barry Eichengreen and Masahiro Kawai, eds., Renminbi Internationalization: Achievements, Prospects, and Challenges (Washington, DC: Brookings Institution Press, 2015), pp. 1-23.
· “Introduction” (coauthored with Antoni Estevadeordal and Ganeshan Wignaraja). In Antoni Estevadeordal, Masahiro Kawai, and Ganeshan Wignaraja, eds., New Frontiers in Asia-Latin America Integration: Trade Facilitation, Productions Networks, and FTAs (New Delhi and Singapore: SAGE, 2015), pp. 1-19.
· “Beyond the Crisis: Toward Balanced and Sustainable Growth” (coauthored with Jong-Wha Lee). In Masahiro Kawai and Jong-Wha Lee, eds., Rebalancing for Sustainable Growth: Asia’s Postcrisis Challenge (Tokyo: Springer, 2015), pp. 251-260.
· “Improving Macroeconomic Stability” (coauthored with Shinji Takagi). In Masahiro Kawai and Jong-Wha Lee, eds., Rebalancing for Sustainable Growth: Asia’s Postcrisis Challenge (Tokyo: Springer, 2015), pp. 65-102.
· “Introduction and Overview” (coauthored with Jong-Wha Lee). In Masahiro Kawai and Jong-Wha Lee, eds., Rebalancing for Sustainable Growth: Asia’s Postcrisis Challenge (Tokyo: Springer, 2015), pp. 1-29.
· “Japan’s Approach to the TPP.” In Tang Guoqiang and Peter A. Petri, eds, New Directions in Asia-Pacific Economic Integration (Honolulu: East-West Center, 2014), pp. 23-43.
· “Policy Challenges Posed by Asian Free Trade Agreements: A Review of the Evidence” (coauthored with Ganeshan Wignaraja). In Richard Baldwin, Masahiro Kawai, and Ganeshan Wignaraja, eds., A World Trade Organization for the 21st Century: The Asian Perspective (Cheltenham, United Kingdom: Edward Elgar, 2014), pp. 182-238.
· “Introduction and Overview” (coauthored with Richard Baldwin and Ganeshan Wignaraja). In Richard Baldwin, Masahiro Kawai, and Ganeshan Wignaraja, eds., A World Trade Organization for the 21st Century: The Asian Perspective (Cheltenham, United Kingdom: Edward Elgar, 2014), pp. 1-11.
· “New Measures of the Trilemma Hypothesis: Implications for Asia” (coauthored with Hiro Ito). In Masahiro Kawai, Mario B. Lamberte, and Peter J. Morgan, eds., Reform of the International Monetary System: An Asian Perspective (Tokyo, Heidelberg, New York, Dordrecht, and London: Springer, 2014), pp. 73-104.
· “The Political Economy of Asian Regionalism: Issues and Challenges” (coauthored with Giovanni Capannelli). In Giovanni Capannelli and Masahiro Kawai, eds., The Political Economy of Asian Regionalism (Tokyo, Heidelberg, New York, Dordrecht, and London: Springer, 2014), pp. 1-18.
· “Financial Crisis as a Catalyst of Legal Reforms: The Case of Asia” (coauthored with Henrik Schmiegelow). In Michele Schmiegelow and Henrik Schmiegelow, eds., Institutional Competition between Common Law and Civil Law: Theory and Policy (Heidelberg, New York, Dordrecht, and London: Springer, 2014), pp. 381-420.
· “Reform of the International Monetary System: Introduction and Overview” (coauthored with Peter J. Morgan). In Masahiro Kawai, Mario B. Lamberte, and Peter J. Morgan, eds., Reform of the International Monetary System: An Asian Perspective (Tokyo, Heidelberg, New York, Dordrecht, and London: Springer, 2014), pp. 1-16.
· “Policy Challenges Posed by Asian FTAs” (coauthored with Ganeshan Wignaraja). In Richard Baldwin, Masahiro Kawai and Ganeshan Wignaraja, eds., The Future of the World Trading System: Asian Perspectives (Tokyo and London: Asian Development Bank Institute and Centre for Economic Policy Research, 2013), pp. 83-89.
· “Introduction” (coauthored with Richard Baldwin and Ganeshan Wignaraja). In Richard Baldwin, Masahiro Kawai and Ganeshan Wignaraja, eds., The Future of the World Trading System: Asian Perspectives (Tokyo and London: Asian Development Bank Institute and Centre for Economic Policy Research, 2013), pp. 1-14.
· “Banking Crises and ‘Japanization’” (coauthored with Peter Morgan). In Changyong Rhee and Adam S. Posen, eds., Responding to Financial Crisis: Lessons from Asia Then, the United States and Europe Now (Washington, DC: Peterson Institute for International Economics, 2013).
· “Introduction and Overview” (coauthored with Eswar Prasad). In Masahiro Kawai and Eswar Prasad, eds., New Paradigms for Financial Regulation: Emerging Market Perspectives (Washington, DC: Brookings Institution Press, 2013), pp. 1-9.
· “Introduction” (coauthored with Biswa Bhattacharyay and Rajat M. Nag). In Biswa Bhattacharyay, Masahiro Kawai, and Rajat M. Nag, eds., Infrastructure for Asian Connectivity. (Tokyo and Cheltenham, UK: ADBI and Edward Elgar, 2012), pp. 1-15.
· “Introduction and Overview” (coauthored with Mario Lamberte and Yung Chul Park). In Masahiro Kawai, Mario Lamberte and Yung Chul Park, eds., The Global Financial Crisis and Asia: Implications and Challenges (Oxford: Oxford University Press, 2012), pp. 3-34.
· “Introduction” (coauthored with Andrew Sheng). In Masahiro Kawai and Andrew Sheng, eds. Capital Market Reform in Asia: Towards Developed and Integrated Markets in Times of Change (New Delhi: Sage, 2012), pp. xix-xxvii.
· “Lessons from Japan’s Banking Crisis: 1991-2005” (coauthored with Mariko Fujii). In Kearn Alexander and Rahul Dhumale, eds., Research Handbook on International Financial Regulation (Cheltenham and Northampton: Edward Elgar, 2012), pp. 259-284.
· “Scope for Regional Exchange Rate Policy Coordination in Asia.” In Proceedings of the First SEACEN–CEMLA Conference – The Implementation of Monetary Policy: Lessons from the Crisis and Challenges for the Coming Years (Kuala Lumpur: The SEACEN Centre, 2012), pp. 461–473.
· “The Trilemma Challenge for SEACEN Member Economies: Testing the Trilemma Hypothesis” (coauthored with Hiro Ito). In Victor Pontines and Reza Y. Siregar, eds., Exchange Rate Appreciation, Capital Flows and Excess Liquidity (Kuala Lumpur: The SEACEN Centre, 2012), pp. 83-113.
· “Changing Commercial Policy in Japan, 1985-2010” (coauthored with Shujiro Urata). In Mordechai E. Kreinin and Michael G. Plummer, eds., The Oxford Handbook of International Commercial Policy (Oxford and New York: Oxford University Press, 2012), pp. 225-251.
· “Managing Capital Flows: Lessons from the Recent Experiences of Emerging Asian Economies” (coauthored with Mario B. Lamberte and Shinji Takagi). In Kevin P. Gallagher, Stephany Griffith-Jones, and Jose Antonio Ocampo, eds., Regulating Global Capital Flows for Long-Run Development, The Frederick S. Pardee Center for the Study on the Longer-Range Future (Boston: Boston University Creative Services, 2012), pp. 35-46.
· “China-Latin America Economic Cooperation: Going beyond Resource and Manufacturing Complementarity” (coauthored with Fan Zhai). In K. C. Fung and Alicia Garcia-Herrero, eds., Sino-Latin American Economic Relations (London and New York: Routledge, 2012), pp. 6-35.
· “A Proposal for Exchange Rate Policy Coordination in East Asia” (coauthored with Shinji Takagi). In Masahiro Kawai, Peter J. Morgan, and Shinji Takagi, eds., The Monetary and Currency Policy Management in Asia (Cheltenham and Northampton: Edward Elgar, 2012), pp. 263-293.
· “Asia’s Post-Global Financial Crisis Adjustment: A Model-Based Dynamic Scenario Analysis” (coauthored with Fan Zhai). In Masahiro Kawai, Peter J. Morgan, and Shinji Takagi, eds., The Monetary and Currency Policy Management in Asia (Cheltenham and Northampton: Edward Elgar, 2012), pp. 219-260. [Reprint from Asian Development Review, 27:2 (December 2010), pp. 122-151.]
· “Strengthening Systemic Financial Regulation” (coauthored with Michael Pomerleano). In Masahiro Kawai, David G. Mayes, and Peter J. Morgan, eds., Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia (Washington, DC: Brookings Institution, 2012), pp. 29-49.
· “Why Was Japan Hit So Hard by the Global Financial Crisis?” (coauthored with Shinji Takagi). In Daigee Shaw and Bih Jane Liu, eds., The Impact of the Economic Crisis on East Asia: Policy Responses from Four Economies (Cheltenham and Northampton: Edward Elgar, 2011), pp. 131-148.
· “Who Should Regulate Systemic Stability Risk? The Relevance for Asia” (coauthored with Michael Pomerleano). In Masahiro Kawai and Eswar S. Prasad, eds., Financial Market Regulation and Reforms in Emerging Markets (Washington, DC: Brookings Institution, 2011), pp. 171-202.
· “Introduction” (coauthored with Eswar S. Prasad). In Masahiro Kawai and Eswar S. Prasad, eds. Financial Market Regulation and Reforms in Emerging Market (Washington, DC: The Brookings Institution, 2011), pp. vii-xiii.
· “Introduction.” Study Group Report, 21st Century Public Policy Institute, Asian Bond Markets Development and Regional Financial Cooperation (Tokyo: The 21st Century Public Policy Institute, 2011), pp. 7-13.
· “G-20 Financial Reforms and Emerging Asia’s Challenges.” In Kemal Dervis, Masahiro Kawai, and Domenico Lombardi, eds., Asia and Policymaking for the Global Economy. (Washington, DC: Brookings Institution, 2011), pp. 105-150.
· “Introduction and Overview” (coauthored with Kemal Dervis and Domenico Lombardi). In Kemal Dervis, Masahiro Kawai, and Domenico Lombardi, eds., Asia and Policymaking for the Global Economy. (Washington, DC: Brookings Institution, 2011), pp. 1-18.
· “Regulating Systemic Risk” (coauthored with Michael Pomerleano). In Asli Demirguc-Kunt, Douglas D. Evanoff, and George Kaufman, eds., The International Financial Crisis: Have the Rules of Finance Changed? (New Jersey and London: World Scientific, 2011), pp. 127-153.
· “Conclusion” (coauthored with Ganeshan Wignaraja). In Masahiro Kawai and Ganeshan Wignaraja, eds. Asia’s Free Trade Agreements How is Business Responding? (Cheltenham, UK: Edward Elgar, 2011), pp. 261-269.
· “Main Findings and Policy Implications” (coauthored with Ganeshan Wignaraja). In Masahiro Kawai and Ganeshan Wignaraja, eds., Asia’s Free Trade Agreements: How Is Business Responding? (Cheltenham: Edward Elgar, 2011), pp. 33-73.
· “Introduction” (coauthored with Ganeshan Wignaraja). In Masahiro Kawai and Ganeshan Wignaraja, eds., Asia’s Free Trade Agreements: How Is Business Responding? (Cheltenham: Edward Elgar, 2011), pp. 3-32.
· “Asia in Global Economic Governance: A Case for Decentralized Institutions” (coauthored with Peter A. Petri and Elif Sisli-Ciamarra). In Masahiro Kawai, Jong-Wha Lee and Peter A. Petri, eds., Asian Regionalism in the World Economy: Engine for Dynamism and Stability (Cheltenham: Edward Elgar, 2010), pp. 446-475.
· “Regional Trade Agreements in Integrating Asia” (coauthored with Ganeshan Wignaraja). In Masahiro Kawai, Jong-Wha Lee and Peter A. Petri, eds., Asian Regionalism in the World Economy: Engine for Dynamism and Stability (Cheltenham: Edward Elgar, 2010), pp. 160-205.
· “Asian Growth and Global Stability” (coauthored with Peter A. Petri and Jong-Wha Lee). In Masahiro Kawai, Jong-Wha Lee and Peter A. Petri, eds., Asian Regionalism in the World Economy: Engine for Dynamism and Stability (Cheltenham: Edward Elgar, 2010), pp. 1-10.
· “A Survey of the Literature on Managing Capital Inflows” (coauthored with Shinji Takagi). In Masahiro Kawai and Mario Lamberte, eds., Managing Capital Flows: The Search for a Framework (Cheltenham: Edward Elgar, 2010), pp. 46-72.
· “Managing Capital Flows: Emerging Asia’s Experiences, Policy Issues, and Challenges” (coauthored with Mario Lamberte). In Masahiro Kawai and Mario Lamberte, eds., Managing Capital Flows: The Search for a Framework (Cheltenham, UK: Edward Elgar, 2010), pp. 9-45.
· “Introduction” (coauthored with Mario Lamberte). In Masahiro Kawai and Mario Lamberte, eds., Managing Capital Flows: The Search for a Framework (Cheltenham, UK: Edward Elgar, 2010), pp. 1-6.
· “Overview” (coauthored with Gloria O. Pasadilla). In Masahiro Kawai and Gloria O. Pasadilla, eds., Effect of Social Policy on Domestic Demand (Tokyo: ADBI, 2010).
· “Global Rebalancing: An Asian Perspective.” In Collignon, Stefan, Richard N. Cooper, Masahiro Kawai, and Yongjun Zhang, eds., Rebalancing the Global Economy: Four Perspectives on the Future of the International Monetary System, Europe in Dialogue 2010/11. Gutersloh: Bertelsmann Stiftung, pp. 79-102.
· “An Asian Currency Unit for Regional Exchange-Rate Policy Coordination.” In Duck-Koo Chung and Barry Eichengreen, eds., Fostering Monetary & Financial Cooperation in East Asia (Singapore: World Scientific Publishing, 2009), pp. 73-112.
· “Overview” (coauthored with Susan F. Stone). In Masahiro Kawai and Susan F. Stone, eds., Asia’s Contribution to Global Economic Development and Stability: Annual Conference 2008 (Tokyo: Asian Development Bank Institute, 2009), pp.1-18.
· “Multilateralizing Regional Trade Arrangements in Asia” (coauthored with Ganashan Wignaraja). In Richard Baldwin and Patrick Low, eds., Multilateralizing Regionalism (New York: Cambridge University Press, 2009), pp. 495-549.
· “The Asian Financial Crisis Revisited: Lessons, Reponses and New Challenges” (coauthored with Pradumna B. Rana). In Richard Carney, ed., Lessons from the Asian Financial Crisis (Abingdon and New York: Routledge, 2009), pp. 154-197.
· “Can Tokyo Become a Global Financial Centre?” In Soogil Young, Dosoung Choi, Jusus Seade and Sayuri Shirai, eds., Competition among Financial Centres in Asia-Pacific: Prospects, Benefits, Risk and Policy Challenges (Singapore: Institute of Southeast Asian Studies, 2009), pp. 179-192.
· “The Role of an Asian Currency Unit.” In Koichi Hamada, Beate Reszat and Ulrich Volz, eds., Towards Monetary and Financial Integration in East Asia (Cheltenham and Northampton: Edward Elgar, 2009), pp. 304-322.
· “Overview” (coauthored with Susan F. Stone). In Masahiro Kawai and Susan F. Stone, eds., A Decades of Developments: 10th Anniversary Conference 2007 (Tokyo: Asian Development Bank Institute, 2008), pp. 1-20.
· “Evolving ASEAN+3 ERPD: Towards Peer Reviews or Due Diligence?” (coauthored with Cindy Houser). In OECD, ed., Shaping Policy reform and Peer Review in Southeast Asia: Integrating Economies and Diversity (Paris: Development Centre, Organisation for Economic Cooperation and Development, 2008), pp. 65-98.
· “Evolving Regional Financial Architecture in East Asia.” In Deepak Nair and Lee Poh Onn, eds., Regional Outlook: Southeast Asia, 2008-2009 (Singapore: Institute of Southeast Asian Studies, 2008), pp. 77-83.
· “Infrastructure and Regional Cooperation” (coauthored with Haruhiko Kuroda and Rita Nangia). In Francois Bourguignon and Boris Pleskovic, eds., Annual World Bank Conference on Development Economics 2007, Global: Rethinking Infrastructure for Development (Washington, DC: World Bank, 2008), pp. 235-259.
· “Global Imbalances and Asia’s Financial Architecture.” In Iskandar Simorangkir, ed., Global Imbalances and Their Impacts on Emerging Market Economies: Issues and Challenges—Proceedings on an International Seminar Held in Denpasar Bali, Indonesia, November 2006, sponsored by Bank Indonesia, International Monetary Fund and Asian Development Bank (2007), pp. 226-257.
· “Dollar, Yen, or Renminbi Bloc?” In Duck-Koo Chung and Barry Eichengreen, eds., Toward an East Asian Exchange Rate Regime (Washington, DC: Brookings Institution, 2007), pp. 90-120.
· “East Asian Economic Regionalism; Update.” In Richard Samans, Marc Uzan, and Augusto Lopez-Claros, eds., The International Monetary System, the IMF and the G-20: A Great Transformation in the Making? (Houndmills and New York: Palgrave Macmillan, 2007), pp. 109-139.
· “East Asian Economic Regionalism: Progress and Challenges.” In Michael G. Plummer and Erik Jones, eds., International Economic Integration and Asia (Singapore: World Scientific Publishing, 2006), pp. 18-59.
· “Globalization and Economic Development: The Role of Multilateral Development Banks.” In Junji Nakagawa, ed., Managing Development: Globalization, Economic Restructuring and Social Policy (Abingdon and New York: Routledge, February 2006), pp. 42-85.
· “Regional Economic Integration and Co-operation in East Asia.” In Kiichiro Fukasaku, Masahiro Kawai, Michael G. Plummer and Alexsandra Trzeciak-Duval, eds., Policy Coherence towards East Asia: Development Challenges for OECD Countries (Paris: Development Centre, Organisation for Economic Cooperation and Development, 2005), pp. 289-345.
· “Miracle, Crisis and Beyond” (coauthored with Kiichiro Fukasaku, Michael G. Plummer and Alexsandra Trzeciak-Duval). In Kiichiro Fukasaku, Masahiro Kawai, Michael G. Plummer and Alexsandra Trzeciak-Duval, eds., Policy Coherence towards East Asia: Development Challenges for OECD Countries (Paris: Development Centre, Organisation for Economic Cooperation and Development, 2005), pp. 17-85.
· “Macroeconomic Interdependence in East Asia: Empirical Evidence and Issues” (coauthored with Taizo Motonishi). In Asian Development Bank, ed., Asian Economic Cooperation and Integration: Progress, Prospects, and Challenges (Manila: Asian Development Bank, 2005), pp. 213-268.
· “Trade and Investment Integration and Cooperation in East Asia: Empirical Evidence and Issues.” In Asian Development Bank, ed., Asian Economic Cooperation and Integration: Progress, Prospects, and Challenges (Manila: Asian Development Bank, 2005), pp. 161-193.
· “Is East Asia an Optimum Currency Area?” (coauthored with Taizo Motonishi). In Masahiro Kawai, ed., Financial Interdependence and Exchange Rate Regimes in East Asia (Tokyo: Policy Research Institute, Ministry of Finance, Japan, 2004), pp. 157-203.
· “East Asia’s Contribution to a Stable Currency System.” In Christian Just and Franz Nauschnigg, eds., Workshops: Proceedings of OeNB Workshops (Vienna: Oesterreichische Nationalbank, 2004), pp. 112-160.
· “Rethinking Capital Controls: The Case of Malaysia” (coauthored with Shinji Takagi). In Suthiphand Chirathivat, Emil-Maria Claassen and Jurgen Schroeder, eds., East Asia’s Monetary Future: Integration in the Global Economy (Cheltenham, UK and Northampton, MA, USA: Edgar Elgar, 2004), pp. 182-214.
· “The Case for a Tri-polar Currency Basket System for Emerging East Asia.” In Gordon de Brouwer and Masahiro Kawai, eds., Exchange Rate Regimes in East Asia (London and New York: Routledge Curzon, 2004), pp. 360-384.
· “Trade and Foreign Direct Investment in East Asia” (coauthored with Shujiro Urata). In Gordon de Brouwer and Masahiro Kawai, eds., Exchange Rate Regimes in East Asia (London and New York: Routledge Curzon, 2004), pp. 15-102.
· “Japan’s Banking System: From the Bubble and Crisis to Reconstruction.” In Choong-Yong Ahn, Takatoshi Ito, Masahiro Kawai and Yung-Chul Park, eds., Financial Development and Integration in East Asia (Seoul: Korea Institute for International Economic Policy, 2003), pp. 81-130.
· “Recommending a Currency Basket System for Emerging East Asia.” In Lok-Sang Ho and Chi-Wa-Yuen, eds., Exchange Rate Regimes and Macroeconomic Stability (Boston, Dordrecht, and London: Kluwer Academic Publishers, 2003), pp. 77-104.
· “Implications of China’s Accession to the World Trade Organization” (coauthored with Deepak Bhattasali). In Hanns Gunther Hilpert and Rene Haak, eds., Japan and China—Cooperation, Competition and Conflict (New York: Palgrave, 2002), pp. 72-102.
· “Banking on East Asia: Expansion and Retrenchment of Japanese Firms” (coauthored with Yuzuru Ozeki and Hiroshi Tokumaru). In Vinod K. Aggarwal and Shujiro Urata, eds., Winning in Asia, Japanese Style: Market and Nonmarket Strategies for Success (New York: Palgrave McMillan, 2002), pp. 61-97.
· “Bank and Corporate Restructuring in Crisis-Affected East Asia: From Systemic Collapse to Reconstruction.” In Gordon de Brouwer, ed., Financial Markets and Policies in East Asia (London and New York: Routledge, 2002), pp. 82-121.
· “Financial Stabilization and Initial Restructuring of East Asian Corporations: Approaches, Results and Lessons” (coauthored with Ira Lieberman and William P. Mako). In Charles Adams, Robert E. Litan and Michael Pomerleano, eds., Managing Financial and Corporate Distress: Lessons from Asia (Washington, D.C.: Brookings Institution, 2000), pp. 77-135.
· “Building Institutions and Resolution of the East Asian Crisis.” In Peter Drysdale, eds., Reform and Recovery in East Asia: The Role of the State and Economic Enterprise (London and New York: Routledge, 2000), pp. 283-327.
· “Corporate Foreign Debt in East Asia” (coauthored with Hongjoo J. Hahm and Guiseppe Iarossi). In Dominique Dwor-Frecaut, Francis Colaco, and Mary Hallward-Driemeier, eds., Asian Corporate Recovery: Findings from Firm-level Surveys in Five Countries (Washington, D.C.: World Bank, 2000), pp.111-121.
· “The Economic Crisis and Financial Sector Restructuring in Thailand” (coauthored with Ken-ichi Takayasu). In Asian Development Bank, ed., Rising to the Challenge in Asia: A Study of Financial Markets, Volume 11, Thailand (Manila: Asian Development Bank, 1999), pp. 37-103.
· “Evolving Patterns of Capital Flows and the East Asia Crisis.” Asia Pacific Financial Deregulation (1999), pp. 89-126.
· “Foreign Direct Investment in Japan: Empirical Analyses of Interactions between FDI Inflows and Trade” (coauthored with Shujiro Urata). In Craig Freedman, ed., Japanese Economic Policy Reconsidered (Cheltenham, UK: Edward Elgar, 1998), pp. 114-148.
· “Are Trade and Investment Substitutes or Complements?: An Empirical Analysis of Japanese Manufacturing Industries” (coauthored with Shujiro Urata). In Hiro Lee and David W. Roland-Holst, eds., Economic Development and Cooperation in the Pacific Basin: Trade, Investment, and Environmental Issues (Cambridge University Press, 1998), pp. 251-293.
· “Japan as a Creditor Nation: What is Happening to Its Net External Assets?” In Junji Banno, ed., The Political Economy of Japanese Society, Volume 2: Internationalization and Domestic Issues (Oxford: Oxford University Press, 1998), pp. 7-43.
· “Capital Flow Liberalization and Financial Market Opening in Asia-Pacific Economies.” In Youn-Suk Kim, Ippei Yamazawa, and Woo-Hee Park, eds., Economics of Triad: Conflict and Cooperation Among the United States, Japan and Korea (Seoul: Korea Institute for Economic Policy, 1997), pp. 247-267.
· “Japan’s Trade and Investment in East Asia.” In David Robertson, ed., East Asian Trade after the Uruguay Round (Cambridge: Cambridge University Press, 1997), pp. 209-226.
· “International Economic Policy Coordination: Theory and Policy Implications” (coauthored with Koichi Hamada). In Michele U. Fratianni, Dominick Salvatore, and Jurgen von Hagen, eds., Handbook of Comparative Economic Policies, Volume 5, Macroeconomic Policy in Open Economies (Westport and London: Greenwood Press, 1997), pp. 87-147.
· “Deregulation and Liberalization of Cross-Border Capital Flows.” PECC Financial Markets Development Project, First Report: Financial Markets Development – A Road to Pacific Economic Growth (Singapore: Pacific Economic Cooperation Council, February 1997), pp. 23-32.
· “Trade Imbalances and Japanese Foreign Direct Investment: Bilateral and Triangular Issues” (coauthored with Shujiro Urata). In Ku-Hyun Jung and Jang-Hee Yoo, eds., Asia-Pacific Economic Cooperation: Current Issues and Agenda for the Future, East and West Studies Series, 39 (Institute of East and West Studies, Yonsei University, October 1996), pp. 61-87.
· “The Japanese Yen as an International Currency: Performance and Prospects.” In Ryuzo Sato, Rama V. Ramachandran, and Hajime Hori, eds., Organization, Performance and Equity: Perspectives on the Japanese Economy (Boston, London, Dordrecht: Kluwer Academic Publishers, 1996), pp. 305-355.
· “Fiscal Policy, Global Saving and Investment, and Economic Growth” (coauthored with Yusuke Onitsuka). In C. Eugene Steuerle and Masahiro Kawai, eds., The New World Fiscal Order (Washington, D.C.: Urban Institute Press, 1996), pp. 171-196.
· “Accumulation of Net External Assets in Japan.” In Ryuzo Sato, Richard M. Levich, and Rama V. Ramachandran, eds., Japan, Europe and International Financial Markets: Analytical and Empirical Perspectives (Cambridge: Cambridge University Press, 1994), pp. 73-123.
· “Monetary Policy Regimes, Central Bank Commitments, and International Policy Coordination” (coauthored with Hideaki Murase). In Lawrence Klein, eds., A Quest for a More Stable World Economic System: Restructuring at a Time of Cyclical Adjustment (Dordrecht/Boston/London: Kluwer Academic Publishers, 1993), pp. 73-98.
· “The Development of NIEs and ASEAN Financial and Capital Markets.” The Committee for the Development of Financial and Capital Markets in the Asia-Pacific Region, Financial and Capital Markets in Asia (Tokyo: Foundation for Advanced Information and Research, 1991), pp. 1-9.
· “Optimum Currency Areas.” In John Eatwell, Murray Milgate, and Peter Newman, eds., The New Palgrave: A Dictionary of Economics, Vol. 3 (London: The Macmillan Press, Ltd., 1987), pp. 740-743.
· “Backwardation.” John Eatwell, Murray Milgate, and Peter Newman, eds., The New Palgrave: A Dictionary of Economics, Vol. 1 (London: The Macmillan Press, Ltd., 1987), pp. 169-170.
· “Exchange Rate Volatility and Balance of Payments Instability in a Rational Expectations Model of Forward Exchange.” In David Bigman and Teizo Taya, eds., Exchange Rate and Trade Instability: Causes, Consequences and Policies (Cambridge, Massachusetts: Ballinger Publishing Co., 1983), pp. 167-194.
· “Exchange Rate-Price Causality in the Recent Floating Period.” In David Bigman and Teizo Taya, eds., The Functioning of Floating Exchange Rates: Theory, Evidence and Policy Implications (Cambridge, Massachusetts: Ballinger Publishing Co., 1980), pp. 197-219.
 

Policy Briefs, Short Essays

· “Financial Regionalism” (coauthored with Domenico Lombardi). Finance & Development, International Monetary Fund, 49:3 (September 2012), pp. 23-25.
· “Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia” (coauthored with David G. Mayes and Peter J. Morgan), Highlights (Tokyo: Asian Development Bank Institute, 2012).
· “Asia and Policymaking for the Global Economy” (coauthored with Kemal Dervis and Domenico Lombardi), Highlights (Tokyo: Asian Development Bank Institute, 2011).
· “Financial Market Regulation and Reforms in Emerging Markets” (coauthored with Eswar S. Prasad), Highlights (Tokyo: Asian Development Bank Institute, 2011).
· “It is time to create an Asian currency unit.” The Euromoney: Asia-Pacific Capital Markets Handbook 2011 (Brighton: Wyndeham Grange Ltd., October 2010), pp.5-8.
· “Free Trade Agreements in East Asia: A Way toward Trade Liberalization?” (coauthored with Ganeshan Wignaraja). ADB Briefs, No. 1 (June 2010), Asian Development Bank, Manila.
· “Time to Step Forward: Asia’s Role in a New Global Financial Architecture.” Global Asia (October 2009), pp. 62-67.
· “Why Asia Needs its Own Monetary Fund.” The Euromoney: Asia-Pacific Capital Markets Handbook 2010 (Brighton: Wyndeham Grange Ltd., October 2009), pp.17-19.
· “Is Asia Immune from the US Credit Crisis?” The Euromoney: Asia-pacific Capital Markets Handbook 2009 (Brighton: Wyndeham Grange Ltd., October 2008), pp. 5-10.
· “Managing Capital Flows in Asia: Policy Issues and Challenges” (coauthored with Mario Lamberte), Research Policy Brief (June 2008), Asian Development Bank Institute, Tokyo.
· “A Broad Asian FTA Will Bring Big Gains” (coauthored with Ganeshan Wignaraja), Far Eastern Economic Review (April 2008), pp. 46-48.
· “Evolving Regional Financial Architecture in East Asia.” Research Policy Brief (February 2008), Asian Development Bank Institute, Tokyo.
· “Creating an Asian Currency Unit.” Japan Journal, 3:5 (September 2006), pp. 10-12.
· “Policy Coherence towards East Asia: Development Challenges for OECD Countries” (coauthored with K. Fukasaku, M. G. Plummer and A. Trzeciak-Duval). Policy Brief No. 26 (2005), Paris: OECD Development Centre.
· “Regional Economic Cooperation in East Asia—Early Days.” Look Japan (July 2002), pp. 15-17.
· “Lessons Learned from the East Asian Currency Crisis.” Social Science Japan (Institute of Social Science, University of Tokyo), 13 (August 1998), pp. 16-19.
· “Yen Rate Volatility and the International Monetary System.” Social Science Japan (Institute of Social Science, University of Tokyo), 6 (February 1996), pp. 11-13 and 19.
· “Yen Internationalization.” Social Science Japan (Institute of Social Science, University of Tokyo), 2 (November 1994), pp. 8-9.
 

Panel Discussions

· “Capital Inflows and Regional Policy Cooperation.” (A panel presentation at the ADB Forum on the Use of Capital Controls.) Asian Development Review. 29:1, 2012, pp. 112–118.
· “Section II: The Future of the US Dollar Standard, Section III: Global Imbalances, Asian Capital Markets, and Foreign Reserve Pooling, Section IV: One Money in Asia, Appendix: World Economic Roundtable on the Global Financial Crisis and the Asian Economy.” In Duck-Koo Chung and Masahiro Kawai, eds., The Global Financial Crisis, Future of the Dollar, and the Choice for Asia (Seoul: NEAR Foundation, 2011).
· “Ten Years after the Asian Currency Crisis: Lessons Learned for Further Development in Asia, Including Japan.” JBIC Today, Special Issue 2007, pp. 2-13.
· “Recent Currency Crises in East Asia.” Journal of the Japanese and International Economies, 12 (December 1998), pp. 535-542.
· “Thailand’s Exchange-rate Crisis: Relationships to East Asia and the Global Economy.” Contemporary Economic Policy, 14 (April 1998), pp. 136-156.
 

Selected Books Published in the Japanese Language

· Ajia no Kin-yu Shihon Shijo: Jiyuka to Sogo Izon (Asian Money and Capital Markets: Liberalization and Interdependence) (co-edited with the QUICK Research Institute). Nihon Keizai Shimbunsha, May 1996.
· En-daka wa Naze Okoru: Hendo Suru Kawase Reto to Nihon Keizai (Causes of Yen Appreciation: Fluctuating Exchange Rates and the Japanese Economy) (co-edited with the Research Institute of International Trade and Industry, the Ministry of International Trade and Industry). Tokyo: Toyo Keizai Shinposha, September 1995.
· Kokusai Kin-yu Ron (Theory of International Finance). Tokyo: University of Tokyo Press, June 1994.
· Nichibei Kankei no Kozu: Sogo Izon to Masatsu (The Framework of Japan-United States Relationships: Interdependence and Friction) (co-edited with Tetsuo Abo and Kazuo Shibagaki). Tokyo: Minerva Publishing Company, December 1992.
· Kokusai Kin-yu to Kaiho Makuro Keizaigaku: Hendo Kawase Reto Sei no Mikuro-Makuro Bunseki (International Finance and Open Macroeconomics: Micro- and Macro-economic Approaches to the Flexible Exchange Rate Regime). Tokyo: Toyo Keizai Shinposha, March 1986. [The Twenty-ninth Nikkei Award.]
 

Book Reviews

· “Graham Bird, World Finance and Adjustment (London: The Macmillan Press, Ltd., 1985).” Journal of Development Economics, 26 (June 1987), pp. 176-178.
· “Tamir Agmon, Robert G. Hawkins and Richard M. Levich, eds., The Future of the International Monetary System (Lexington Books, 1984).” Journal of Money, Credit and Banking, 18 (November 1986), pp. 549-551.
· “Anne O. Krueger, Exchange Rate Determination (Cambridge University Press, 1983).” Journal of Economic Literature, XXII (March 1984), pp. 45-47.
 

Comments on academic work

· “Comment.” Monetary and Economic Studies (Special Edition), Vol. 25, No. S-1 (December 2007), Institute for Monetary and Economic Studies, Bank of Japan, pp. 92-100.
· “Comments on Chapters 13 and 14.” Duck-Koo Chung and Barry Eichengreen, eds., The Korean Economy Beyond the Crisis (Cheltenham, UK and Northampton, MA, USA: Edward Elgar, 2004), pp. 338-343.
· “Comments on Bergsten and on Alogoskoufis and Portes.” Paul R. Masson, Thomas H. Krueger, and Bart G. Turtleboom, eds., EMU and the International Monetary System (Washington, D.C.: International Monetary Fund, 1997), pp. 78-89.
· “Comparative Institutional Analysis: Measuring Convergence or Divergence?” Social Science Research Council, Contesting Convergence: The Third Annual Abe Fellows Conference (New York, April 1996), pp. 41-42.
· “Comments (on Professor Louis W. Pauly).” Shojiro Tokunaga, ed., Asian Economic Dynamism and New Asia-Pacific Economic Order: Post-Cold War U.S.-Japan Economic Relations and New Regionalism, The Proceedings of Kyushu University International Symposium 1993 (Fukuoka: Kyushu University, December 1993), pp. 259-260.
· “Comments for Session 2.” The Foundation for Advanced Information and Research (FAIR), The Second Asia-Pacific Conference “The Asia-Pacific Region in the 1990s: Cooperation for Sustainable Development and New World Order,” Volume 1 (Tokyo: FAIR, May 1991), pp. I377-I390.
· “Comments (on Professors Stanley Black and Alexander Swoboda).” Yoshio Suzuki, Junichi Miyake, and Mitsuaki Okabe, eds., The Evolution of the International Monetary System: How Can Efficiency and Stability Be Attained? (Tokyo: University of Tokyo Press, 1990), pp. 229-234.
 

Selected Discussion Papers

· “Multilateralizing Asian Regionalism” (coauthored with Richard Baldwin). ADBI Discussion Paper No. 431 (August 2013), Asian Development Bank Institute, Tokyo.
· “Japan’s Post-Triple-Disaster Growth Strategy” (coauthored with Peter J. Morgan). ADBI Discussion Paper No. 376 (August 2012), Asian Development Bank Institute, Tokyo.
· “Regulating Systemic Risk” (coauthored with Michael Pomerleano). ADBI Discussion Paper No. 189 (January 2010), Asian Development Bank Institute, Tokyo.
· “Regionalism as an Engine of Multilateralism: A Case for a Single East Asian FTA.” Working Paper Series on Regional Economic Integration No. 14 (February 2008), Office of Regional Economic Integration, Asian Development Bank, Manila.
· “Implications of Currency Crisis for Exchange Rate Arrangements in Emerging East Asia” (coauthored with Shigeru Akiyama). Policy Research Working Paper, No. 2502 (December 2000), World Bank, Washington, DC.
· “Evolving Patterns of Capital Flows and the East Asia Crisis.” EAP Working Paper Series, No. 98-04 (December 1998), World Bank.