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Scott Davis

Federal Reserve Banks - Federal Reserve Bank of Dallas

2200 North Pearl Street

PO Box 655906

Dallas, TX 75265-5906

United States

SCHOLARLY PAPERS

35

DOWNLOADS
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Top 33,369

in Total Papers Downloads

3,847

TOTAL CITATIONS
Rank 12,270

SSRN RANKINGS

Top 12,270

in Total Papers Citations

50

Scholarly Papers (35)

1.

Emerging-Market Debtor Nations Likely to Follow Fed Rate Boosts

Economic Letter, Vol. 11, Issue 1, pp. 1-4, 2016
Number of pages: 4 Posted: 29 Mar 2016
Scott Davis
Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 331 (226,528)

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Exchange Rate Determination Under Limits to Cip Arbitrage

Globalization Institute Working Paper No. 425
Number of pages: 57 Posted: 20 Dec 2023
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 48 (1,131,842)

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U.S. Dollar, exchange rate, CIP deviations

Dollar Shortages, CIP Deviations, and the Safe Haven Role of the Dollar

NBER Working Paper No. w31937
Number of pages: 57 Posted: 11 Dec 2023
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 32 (1,326,242)
Citation 1

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3.
Downloads 150 (276,257)
Citation 2

Global Drivers of Gross and Net Capital Flows

Globalization and Monetary Policy Institute Working Paper No. 357
Number of pages: 50 Posted: 22 Apr 2019 Last Revised: 29 Apr 2020
Federal Reserve Banks - Federal Reserve Bank of Dallas, Hong Kong Institute for Monetary and Financial Research (HKIMR) and University of Virginia - Department of Economics
Downloads 150 (503,049)
Citation 2

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capital inflows and outflows, gross and net capital flows, financial globalization, global financial cycle, global capital flows cycle

Dealing with Time-Inconsistency: Inflation Targeting vs. Exchange Rate Targeting

Melbourne Institute Working Paper No. 03/18
Number of pages: 38 Posted: 19 Mar 2018
Scott Davis, Ippei Fujiwara and Jiao Wang
Federal Reserve Banks - Federal Reserve Bank of Dallas, Australian National University (ANU) - Crawford School of Public Policy and University of Sussex - Department of Economics
Downloads 168 (448,643)

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Time-inconsistency, commitment, inflation target, exchange rate peg, tie-one’s-hands

Dealing with Time-Inconsistency: Inflation Targeting vs. Exchange Rate Targeting

CAMA Working Paper No. 54/2017
Number of pages: 35 Posted: 30 Aug 2017
Scott Davis, Ippei Fujiwara and Jiao Wang
Federal Reserve Banks - Federal Reserve Bank of Dallas, Australian National University (ANU) - Crawford School of Public Policy and Australian National University (ANU)
Downloads 80 (819,435)
Citation 2

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Time-Inconsistency, Commitment, Inflation Target, Exchange Rate Peg, Tie-One's-Hands

5.

Central Bank Communications: A Case Study

Globalization and Monetary Policy Institute Working Paper No. 283
Number of pages: 39 Posted: 03 Oct 2016
Scott Davis and Mark A. Wynne
Federal Reserve Banks - Federal Reserve Bank of Dallas and Federal Reserve Bank of Dallas
Downloads 240 (317,870)

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6.

Capital Controls and Monetary Policy Autonomy in a Small Open Economy

International Finance Discussion Paper No. 1190
Number of pages: 38 Posted: 08 Feb 2017
Scott Davis and Ignacio Presno
Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 189 (411,650)
Citation 9

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Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention

Globalization Institute Working Paper No. 405
Number of pages: 57 Posted: 13 Nov 2020 Last Revised: 11 Jan 2022
Scott Davis, Michael Devereux and Changhua Yu
Federal Reserve Banks - Federal Reserve Bank of Dallas, Schroders Investment Management and Peking University
Downloads 119 (602,987)

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Central bank, sudden stops, foreign exchange interventions

Sudden Stops and Optimal Foreign Exchange Intervention

NBER Working Paper No. w28079
Number of pages: 55 Posted: 16 Nov 2020 Last Revised: 23 Mar 2023
Scott Davis, Michael B. Devereux and Changhua Yu
Federal Reserve Banks - Federal Reserve Bank of Dallas, University of British Columbia (UBC) - Department of Economics and Peking University
Downloads 37 (1,252,562)

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8.

China's Capital Controls Appear to Arrest Flight, Stabilize Currency

Economic Letter, Vol. 12, Issue 12, pp. 1-4, 2017
Number of pages: 4 Posted: 13 Nov 2017
Scott Davis
Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 154 (482,968)

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Land Price Dynamics and Macroeconomic Fluctuations with Imperfect Substitution in Real Estate Markets

Number of pages: 52 Posted: 19 Oct 2021 Last Revised: 02 Aug 2022
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics and Utah State University
Downloads 102 (684,532)

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Commercial real estate, residential real estate, housing demand shock, collateral channel

Land Price Dynamics and Macroeconomic Fluctuations with Imperfect Substitution in Real Estate Markets

Number of pages: 49 Posted: 18 May 2021 Last Revised: 02 Aug 2022
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics and Utah State University
Downloads 51 (1,083,731)
Citation 1

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Commercial real estate, residential real estate, housing demand shock, collateral channel

10.

Financial Performance and Macroeconomic Fundamentals in Emerging Market Economies Over the Global Financial Cycle

Globalization and Monetary Policy Institute Working Paper No. 288
Number of pages: 23 Posted: 28 Oct 2016 Last Revised: 03 Jun 2017
Scott Davis and Andrei Zlate
Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 151 (491,334)
Citation 2

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Dollar Funding Fragility and Non-Us Global Banks

Number of pages: 42 Posted: 07 Aug 2025
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 45 (1,183,247)

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global banks, covered interest rate parity, dollar shortage, FX swaps

12.

Real Exchange Rates and the Global Financial Cycle

FRB of Dallas Working Paper No. 2416
Number of pages: 26 Posted: 17 Dec 2024
Scott Davis and Andrei Zlate
Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 126 (592,433)

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global financial cycle, real exchange rates

13.

Monetary Policy Divergence and Net Capital Flows: Accounting for Endogenous Policy Responses

FRB of Boston Supervisory Research & Analysis Unit Working Paper No. RPA 18-5
Number of pages: 36 Posted: 24 Jan 2019 Last Revised: 13 Oct 2023
Scott Davis and Andrei Zlate
Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 122 (596,393)
Citation 1

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trilemma, structural VAR, counterfactual VAR, net capital inflows, exchange rates

14.

Foreign Exchange Reserves as a Tool for Capital Account Management

Globalization and Monetary Policy Institute Working Paper No. 352
Number of pages: 51 Posted: 28 Mar 2019 Last Revised: 29 Apr 2020
Federal Reserve Banks - Federal Reserve Bank of Dallas, Australian National University (ANU) - Crawford School of Public Policy, Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics and University of Sussex - Department of Economics
Downloads 120 (617,542)
Citation 2

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Central bank, small open economy, foreign exchange reserves, capital controls

15.

The Global Financial Cycle and Capital Flows During the Covid-19 Pandemic

Globalization Institute Working Paper No. 416
Number of pages: 49 Posted: 18 May 2022 Last Revised: 19 Nov 2022
Scott Davis and Andrei Zlate
Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 117 (621,896)
Citation 4

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COVID-19, global financial cycle, capital flows, exchange rates

16.

External Debt Sheds Light on Drivers of Exchange Rate Fluctuations

Economic Letter, Vol. 10, Issue 4, pp. 1-4, 2015
Number of pages: 4 Posted: 17 Aug 2015
Scott Davis
Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 113 (626,371)

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17.

The Cyclicality of (Bilateral) Capital Inflows and Outflows

Globalization and Monetary Policy Institute Working Paper No. 247
Number of pages: 28 Posted: 22 Oct 2015
Scott Davis
Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 112 (630,858)
Citation 1

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18.

Economic Fundamentals and Monetary Policy Autonomy

Globalization and Monetary Policy Institute Working Paper No. 267
Number of pages: 28 Posted: 01 Mar 2016
Scott Davis
Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 102 (684,672)

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19.

Current Account Surplus May Damp the Effects of China's Credit Boom

Economic Letter, Vol. 10, Issue 1, pp. 1-4, 2015
Number of pages: 4 Posted: 17 Aug 2015
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of Dallas, Capital Strategy Research and The Capital Group Companies
Downloads 94 (720,278)

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20.

Land Price Dynamics and Macroeconomic Fluctuations with Imperfect Substitution in Real Estate Markets

Globalization Institute Working Paper No. 401
Number of pages: 51 Posted: 05 Oct 2020 Last Revised: 15 Jan 2023
Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Bank of PhiladelphiaVanderbilt University - College of Arts and Science - Department of Economics and Utah State University
Downloads 85 (783,685)

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Capital Controls as Macro-Prudential Policy in a Large Open Economy

Globalization Institute Working Paper No. 358
Number of pages: 59 Posted: 22 Apr 2019 Last Revised: 29 Apr 2020
Scott Davis and Michael Devereux
Federal Reserve Banks - Federal Reserve Bank of Dallas and Schroders Investment Management
Downloads 55 (1,038,620)

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Capital controls, large open economy, terms of trade, macroprudential, crisis management

Capital Controls as Macro-prudential Policy in a Large Open Economy

NBER Working Paper No. w25710
Number of pages: 58 Posted: 01 Apr 2019 Last Revised: 02 Apr 2023
Scott Davis and Michael B. Devereux
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of British Columbia (UBC) - Department of Economics
Downloads 30 (1,356,108)

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22.

Offshore Dollar Funding Shocks and the Dollar Exchange Rate1

Number of pages: 48 Posted: 27 May 2025
University of Virginia - Department of Economics, University of Lausanne and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 84 (809,932)

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CIP, market segmentation, dollar shortages, limited arbitrage, dollar exchange rate

23.

A Theory of Gross and Net Capital Flows Over the Global Financial Cycle

Globalization Institute Working Paper No. 410
Number of pages: 69 Posted: 13 Sep 2021 Last Revised: 23 Mar 2023
Scott Davis and Eric van Wincoop
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 84 (783,685)

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Global Financial Cycle, Capital Flows, Current Account, Portfolio Heterogeneity

24.

Pegging the Exchange Rate to Gain Monetary Policy Credibility

Globalization and Monetary Policy Institute Working Paper No. 224
Number of pages: 38 Posted: 17 Aug 2015
Scott Davis and Ippei Fujiwara
Federal Reserve Banks - Federal Reserve Bank of Dallas and Australian National University (ANU) - Crawford School of Public Policy
Downloads 84 (777,583)

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25.

Monetary Policy Divergence, Net Capital Flows, and Exchange Rates: Accounting for Endogenous Policy Responses

Globalization and Monetary Policy Institute Working Paper No. 328
Number of pages: 27 Posted: 15 Nov 2017
Scott Davis and Andrei Zlate
Federal Reserve Banks - Federal Reserve Bank of Dallas and Board of Governors of the Federal Reserve System
Downloads 82 (803,225)

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Distribution Capital and the Short- and Long-Run Import Demand Elasticity

CAMA Working Paper Series Paper 56/2013
Number of pages: 38 Posted: 24 Aug 2013
Mario J. Crucini and Scott Davis
Vanderbilt University - College of Arts and Science - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 51 (1,083,731)
Citation 2

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Distribution Capital and the Short- and Long-Run Import Demand Elasticity

NBER Working Paper No. w18753
Number of pages: 46 Posted: 02 Feb 2013 Last Revised: 30 Mar 2023
Mario J. Crucini and Scott Davis
Vanderbilt University - College of Arts and Science - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 30 (1,371,100)
Citation 9

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27.

Sudden Stops and Optimal Foreign Exchange Intervention

Number of pages: 54 Posted: 10 May 2022
Scott Davis, Michael B. Devereux and Changhua Yu
Federal Reserve Banks - Federal Reserve Bank of Dallas, affiliation not provided to SSRN and Peking University
Downloads 77 (830,555)
Citation 3

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Central Bank, Sudden Stops, Foreign Exchange Intervention

28.

A Theory of Capital Flow Retrenchment

Globalization Institute Working Paper No. 422
Number of pages: 23 Posted: 30 Aug 2023
Scott Davis and Eric van Wincoop
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 64 (942,565)
Citation 3

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capital flows, retrenchment, Portfolio Heterogeneity

29.

A Theory of Net Capital Flows Over the Global Financial Cycle

Globalization Institute Working Paper No. 420
Number of pages: 52 Posted: 15 May 2023
Scott Davis and Eric van Wincoop
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 63 (942,565)

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global financial cycle, capital flows, current account, Portfolio Heterogeneity

30.

The Asymmetric Effects of Deflation on Consumption Spending: Evidence from the Great Depression

Globalization and Monetary Policy Institute Working Paper No. 226
Number of pages: 10 Posted: 17 Aug 2015
Scott Davis
Federal Reserve Banks - Federal Reserve Bank of Dallas
Downloads 57 (989,921)

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31.

Global Capital Flows Cycle: Impact on Gross and Net Flows

NBER Working Paper No. w25721
Number of pages: 50 Posted: 08 Apr 2019 Last Revised: 13 Apr 2023
Federal Reserve Banks - Federal Reserve Bank of Dallas, Hong Kong Institute for Monetary and Financial Research (HKIMR) and University of Virginia - Department of Economics
Downloads 56 (1,010,164)

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32.

Globalization and the Increasing Correlation between Capital Inflows and Outflows

NBER Working Paper No. w23671
Number of pages: 35 Posted: 17 Aug 2017 Last Revised: 06 Mar 2023
Scott Davis and Eric van Wincoop
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 49 (1,086,013)
Citation 6

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33.

A Theory of the Global Financial Cycle

NBER Working Paper No. w29217
Number of pages: 65 Posted: 01 May 2024
Scott Davis and Eric van Wincoop
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 36 (1,277,121)

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34.

A Theory of Gross and Net Capital Flows over the Global Financial Cycle

NBER Working Paper No. w30738
Number of pages: 68 Posted: 12 Dec 2022 Last Revised: 28 Jun 2023
Scott Davis and Eric van Wincoop
Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 31 (1,304,549)
Citation 1

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35.

Exchange Rate Determination under Limits to CIP Arbitrage

NBER Working Paper No. w32876
Number of pages: 42 Posted: 03 Sep 2024 Last Revised: 01 May 2026
University of Lausanne, Federal Reserve Banks - Federal Reserve Bank of Dallas and University of Virginia - Department of Economics
Downloads 26 (1,385,945)
Citation 1

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