Dr. Hiro Ito
	Assistant Professor of Economics Ph.D. Economics, University of California, Santa Cruz, 2004; M.A. Economics, UCSC 2001; M.A. International Relations, Johns Hopkins University 1997; B.A. Law, Waseda University, Tokyo 1994.
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 · Short version · Long version
For those who are taking EC473 (formerly called EC375) during the summer session, the course website is available here.
Fields of Interest
International Finance Open Macroeconomics Monetary Economics East Asian Economics		Development Economics Financial Development Econometrics International Trade
CURRENT RESEARCH AND PUBLICATIONS
Published and Forthcoming Papers “Hoarding of International Reserves: A Comparison of the Asian and Latin American Experiences” (with Yin-Wong Cheung, University of California, Santa Cruz), mimeo (October 2007). Forthcoming 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. “East Asia and Global Imbalances: Saving, Investment, and Financial Development” (with Menzie Chinn). Forthcoming 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, and prepared for the 18th Annual NBER East Asian Seminar on Economics, Singapore Management University, on June 22-24, 2007 (This version is as of February 2008). “A New Measure of Financial Openness” (with Menzie Chinn), mimeo, (May 2007). Forthcoming in Journal of Comparative Policy Analysis. The KAOPEN data are avaiable here. The data are now extended to 182 countries for 1970 to 2006. For the data description, refer to this (updated on 4/21/2008). “Global Current Account Imbalances: American Fiscal Policy versus East Asian Savings” (with Menzie Chinn). Published in 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.” Published in 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), published in Pacific Economic Review, Vol. 12, Issue 4, (October, 2007). Current Account Balances, Financial Development and Institutions: Assaying the World “Savings Glut,” (with Menzie Chinn), published in the Journal of International Money and Finance, Volume 26, Issue 4, June 2007, Pages 546-569, also available as NBER Working Paper No. 11761 (November 2005). “Financial Development in Asia: Thresholds, Institutions, and the Sequence of Liberalization”, published in the 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), published in the 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). The KAOPEN data are available in Excel format. The data are now extended to 182 countries for 1970 to 2006. For the data description, refer to this (updated on 4/21/2008). You can also get the information about this index from “A New Measure of Financial Openness”. “Does China Compete with Japan in the US Market? What About Other East Asian Countries? A Triangular Trade Approach” (with Yushi Yoshida), published in the Asian Pacific Business Review, Volume 12, Number 3, p. 285 – 307 (July 2006). Working Papers “Cross-sectional analysis on the determinants of international reserves accumulation” (with Yin-Wong Cheung, University of California, Santa Cruz), prepared for the APEA annual conference in Seattle, July 29-30 (2006). Revised in April 2007. Under review. “U.S. Current Account Debate, With Japan then, with China now,” prepared for the conference “Repositioning Japan in the Global Political Economy,” held by the Shibusawa Foundation, Univ. of Pennsylvania, and Villanova University in Philadelphia on September 15–16 (2006) “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 1990’s? The Role of the Zero Interest Rate Bound and Other Factors,” UCSC Working Paper Series (November 2003) Encyclopedia Contributions Entries for The Princeton Encyclopedia of the World Economy, Princeton University Press, edited by Kenneth Reinert and Ramkishen Rajan (forthcoming). “Liquidity Trap” “Financial Repression” “Expenditure Switching and Expenditure Changing” Book Review Book Review on Monetary Policy with Very Low Inflation in the Pacific Rim by Takatoshi Ito and Andy Rose (National Bureau of Economic Research, 2006). August, 2007. Forthcoming in International Review of Economics and Finance
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 * Developed by Hiro Ito Graduate Advanced Macroeconomics Applications of Advanced Macroeconomic Theory (sequel to the above course) International Finance East Asian Economic Development* Macroeconomics and Financial System (MBA at Willamette University) * Developed by Hiro Ito Updated on August 10, 2008