Journal articles and research papers
Technical assistance reports, selected issues papers, encyclopedia entries, book reviews, collective volume articles
14. "Regional Disparities and Fiscal Federalism in Russia" (with Oksana Dynnikova and Annette Kyobe)
[published in May 2021 as Working Paper 21/144 of the International Monetary Fund]

13. "Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe" (with Bernardin Akitoby, Larry Cui, Silvia Domit, Jingzhou Meng, Nujin Suphaphiphat, and Hanqi Zhang)
[published in May 2020 as Departmental Paper 20/06 of the International Monetary Fund]

12. "The Russian Stateís Size and Its Footprint: Have They Increased?" (with Gabriel Di Bella and Oksana Dynnikova)
[published in March 2019 as Working Paper 19/53 of the International Monetary Fund]
[reviewed by Kommersant and RBC]
[an earlier version published in September 2018 as Selected Issues Paper 18/276 of the International Monetary Fund]

11. "Exchange Rate Regimes in Central, Eastern and Southeastern Europe: A Dollar Bloc and a Euro Bloc?"
[published in Journal of Economic Integration 34:3 (September 2019): 395-425]
[an earlier version published in March 2017 as Working Paper 17/83 of the International Monetary Fund]

10. "The Mystery of Missing Real Spillovers in Southern Africa: Some Facts and Possible Explanations" (with Olivier Basdevant, Andrew Jonelis, and Borislava Mircheva)
[published in South African Journal of Economics 83:3 (September 2015): 371-389]
[an earlier version published in June 2014 as Discussion Paper 14/03 of the International Monetary Fund's African Department]

9. "De Jure versus De Facto Exchange Rate Regimes in Sub-Saharan Africa"
[published in Journal of African Economies 22:5 (November 2013): 732-756]
[an earlier version published in August 2011 as Working Paper 11/198 of the International Monetary Fund]

8. "Structural Current Account Imbalances: Fixed versus Flexible Exchange Rates?"
[last draft: April 19, 2009]
[published in November 2009 as Discussion Paper 76 of the Bulgarian National Bank]

7. "Do Common Currencies Facilitate the Net Flow of Capital among Countries?"
[published in The North American Journal of Economics and Finance 20:2 (August 2009): 124-144]
[an earlier version published in July 2007 as Working Paper 337 of the Stanford Center for International Development]

6. "Does Monetary Integration Reduce Exchange Rate Pass-through?"
[published in The World Economy 31:12 (December 2008): 1599-1624]
[an earlier version published in June 2007 as Discussion Paper 59 of the Bulgarian National Bank]

5. "Measuring and Modeling the Effects of G-3 Exchange Rate Fluctuations on Small Open Economies: A Natural Experiment"
[published in Economic Systems 32:3 (September 2008): 253-273]

4. "Should Small Open Economies in East Asia Keep All Their Eggs in One Basket: The Role of Balance Sheet Effects" [Paper][Technical Appendix]
[published in The Journal of the Korean Economy 9:1 (April 2008): 1-43]
[winner of the journalís 2009 Best Paper Award]

3. "Innocent or Not-so-innocent Bystanders: Evidence from the Gravity Model of International Trade about the Effects of UN Sanctions on Neighbor Countries"
[published in The World Economy 30:11 (November 2007): 1701-1725]

2. "But Can't They Hedge? Managing Foreign Exchange Risk under 'Original Sin'"
[Working Paper 177, Stanford Center for International Development, August 2003]

1. "Manipulation, Monopoly, and the Chicago Board of Tradeís Transition from Self-regulation to Government Regulation"
[last draft: October 18, 2001]
8. "Russian Federation: Fiscal Transparency Evaluation Update" (with Richard Hughes and Oksana Dynnikova)
[published in October 2019 as Country Report 19/329 of the International Monetary Fund]

7. "Further Improving Fiscal Transparency in Russia to Raise Government Efficiency and Reduce Vulnerabilities to Corruption" (with Richard Hughes)
[published in August 2019 as Selected Issues Paper 19/261 of the International Monetary Fund]

6. "Judicial Reform and Anti-Corruption Efforts in Albania"
[published in December 2017 as Selected Issues Paper 17/374 of the International Monetary Fund]

5. "Fear of Floating" (with Ramkishen Rajan)
[published in The Princeton Encyclopedia of the World Economy, edited by Kenneth Reinert and Ramkishen Rajan, Princeton: Princeton University Press, 2009, 416-418]

4. "Currency Board Arrangement"
[published in The Princeton Encyclopedia of the World Economy, edited by Kenneth Reinert and Ramkishen Rajan, Princeton: Princeton University Press, 2009, 240-243]

3. Review of Lance Taylor's book External Liberalization in Asia, Post-Socialist Europe, and Brazil
[published in Comparative Economic Studies 50:4 (December 2008): 703-706]

2. Review of Guillermo Calvo's book Emerging Capital Markets in Turmoil: Bad Luck or Bad Policy?
[published in Comparative Economic Studies 49:1 (March 2007): 172-175]

1. "Should the CEE Accession Countries Put All Their Eggs in One Basket: The Role of Balance Sheet Effects"
[published in Aspects of Globalization, Regionalization and Business, edited by Ioannis-Dionysios Salavrakos, Athens, Greece: ATINER, 2004, 267-281]