Research Interests

Open Macroeconomics, International Finance, Macroeconomics


  1. Choi, Jae Hoon. "Capital Controls and Foreign Exchange Market Intervention." Journal of International Money and Finance 101 (2020): 102098. [View]

Working Papers

  1. "Liquidity and Financial Market Runs: Theory and Experiment" with David Munro - Submitted
  2. "Cost of Floating Exchange Rates: Event Study and Synthetic Control Estimation" with Christopher Limnios [View]
  3. "Revisiting PPP Puzzle: Nominal Exchange Rate Rigidity and Region of Inaction" with Seongho Song
  4. "A Simple Theoretical Model of Exchange Rate Regime Choice" with Christopher Limnios

Work in Progress

  1. "Can the Fed's corridor system divorce money from monetary policy?" with Christopher Limnios
  2. "Market Liquidity and International Financial Crises" with David Munro
  3. "Exchange Rate Determination in the Three-country Model"
  4. "Effect of Capital Controls in Small Open Economy: Regional Approach" with Mario Gonzalez
  5. Identification of de facto Exchange Regimes using Structural Breaks in Unit-root Process” with Amit Sen
  6. "Do stress tests affect banking sectors?: Synthetic control estimation" with Eric Fischer

Awards / Grants

  • Faculty Development Leave - Xavier University (2020)
  • University Summer Fellowships - Xavier University (2019)
  • Summer Research Grants - Department of Economics, Xavier University (2018 and 2019)
  • CBRT 2017 Research Awards (3rd place) - Central Bank of the Republic of Turkey (2017)