Prof Yothin Jinjarak

Prof Yothin Jinjarak profile picture

Professor of Economics School of Economics and Finance


Teaching in 2019

Personal homepage

Yothin's Personal homepage


BA Thammasat University, Bangkok
PhD University of California, Santa Cruz

Research interests

International trade and macroeconomics, Development


  • 'Fiscal space and government-spending and tax-rate cyclicality patterns: A cross-country comparison, 1960–2016' (with J. Aizenman, H. Nguyen, and D. Park), Journal of Macroeconomics, 60 (2019), pp. 229-252.
  • 'Chinese outwards mercantilism – The art and practice of bundling' (with J. Aizenman and H. Zheng), Journal of International Money and Finance, 86 (2018), pp. 31-49.
  • 'An empirical assessment of the export – financial constraint relationship: How different is the small and medium enterprise (SME)?' (with G. Wignaraja), World Development, 79 (2016), pp. 152-163.
  • 'Supply chains, global financial shocks, and firm behavior towards liquidity needs' World Economy, 38, 3 (2015), pp. 435-444.
  • 'Real estate valuation, current account and credit growth patterns, before and after the 2008-9 crisis' (with J. Aizenman), Journal of International Money and Finance, 48 (2014), pp. 249-270.
  • 'China’s growth, stability, and use of international reserves' (with J. Aizenman and N. Marion), Open Economies Review, 25, 3 (2014), pp. 407-428.
  • 'Granular institutional investors and global market interdependence' (with H. Zheng), Journal of International Money and Finance, 46 (2014), pp. 61-81.
  • 'Sovereign default risk with self-fulfilling expectations: Theory and evidence from a new dataset on outstanding credit default swaps' (with T. Janus and M. Uruyos), Journal of Financial Stability, 9, 3 (2013), pp. 330-336.
  • 'The effect of World Bank trade adjustment assistance on trade and growth: 1987-2004, Is the glass half full of half empty?' (with G Salinas and Y Tsikata), Economic Systems, 37, 3 (2013), pp. 415-430.
  • 'Capital controls in Brazil: Stemming a tide with a signal?' (I. Noy and H. Zheng), Journal of Banking and Finance, 37, 8 (2013), pp. 2938-2952.
  • 'What is the risk of European sovereign debt default?' (J. Aizenman and M. Hutchison), Journal of International Money and Finance, 34 (2013), pp. 37-59.
  • 'The fiscal stimulus of 2009-10: trade openness, fiscal space and exchange rate adjustment' (with J. Aizenman), NBER International Seminar on Macroeconomics (2012), pp. 301-342.
  • 'International fund investment and local market returns' (with J. Wongswan and H. Zheng), Journal of Banking and Finance, 35, 2 (2011), pp. 572-587.
  • 'International reserves and swap lines: substitutes or complements?' (with J. Aizenman and D. Park), International Review of Economics and Finance, 20, 1 (2011), pp. 5-18.
  • 'Causality, real estate prices, and the current account' (with S Sheffrin), Journal of Macroeconomics, 33, 2 (2011), pp. 233-246.
  • 'New evidence on asset location from the survey of consumer finances' (with J. Zhou), Public Finance Review, 39, 4 (2011), pp. 594-615.
  • 'Current account patterns and national real estate markets' (with J. Aizenman), Journal of Urban Economics, 66, 2 (2009), pp. 75-89.
  • 'Trade variety and political conflict: some international evidence' Economics Letters, 103, 1 (2009), pp. 26-28.
  • 'Globalisation and developing countries - a shrinking tax base?' (with J Aizenman), Journal of Development Studies, 45, 5 (2009), pp. 653-671.
  • 'Foreign direct investment and macroeconomic risk' Journal of Comparative Economics, 35, 3 (2007), pp. 509-519.

Books and chapters

  • 'Connecting Central Asia with Economic Centers', ADB Institute (2014), Tokyo.
  • 'Competition, Labor Intensity and Specialization: Structural Changes in Post-crisis Asia' (with K Naknoi), in Trade and Employment in Asia, Niny Khor and Devashish Mitra (eds.), 2013, pp. 72-92, Routledge.


Teaching in 2019