Exchange-Rate Dynamics and International Macroeconomics
Extreme Returns Without News: The Case of Currencies (View Full PDF) Joint work with Tanseli Savaser
Short-Run Exchange-Rate Dynamics: Theory and Evidence (Under Revision) Joint work with John Carlson and Christian Dahl
Macro Lessons from Microstructure (View Full PDF) International Journal of Finance and Economics (January 2006).
Currency Orders and Exchange-Rate Dynamics:  An Explanation for the Predictive Success of Technical Analysis (View Abstract)
Federal Reserve Bank of New York Staff Report 125:  (March 2001). Forthcoming, Journal of Finance
Rational Speculators and Exchange Rate Volatility (View Abstract)
European Economic Review 44 (February 2000):  231-253. Joint work with John Carlson.
Short-Term Speculators and the Puzzling Behavior of Exchange Rates
Journal of International Economics 43, No. 1 (June 1998): 37-58.

Exchange Rate Dynamics and Speculators' Horizons
Journal of International Money and Finance 14 (1995): 695-719
Interest Rate Premiums and the Failure of Uncovered I nterest Rate Parity
Journal of International Financial Makets, Institutions and Money, 2, Nº2 (November 1992): 1-26
Factor Prices Under Integrated Markets for Risky Capital
European Economic Reveiw 35 (1991): 1311-40
Explaining the Absence of International Factor - Price Convergence
Journal of International Money and Finance 10 (1991): 89-107