David C. Parsley

Vanderbilt University – Finance and Economics

401 21st Avenue South

Nashville, TN 37203

United States

https://business.vanderbilt.edu/bio/david-parsley/

SCHOLARLY PAPERS

38

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10,415

SSRN CITATIONS
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Top 1,936

in Total Papers Citations

244

CROSSREF CITATIONS

442

Ideas:
“  I am currently working on (intra-market) Stock Market Comovement; Exchange Rate Induced Quality Upgrading; and, Aggregate macroeconomic risk sharing across regions within the United States.  ”

Scholarly Papers (38)

1.

The Quality of Accounting Information in Politically Connected Firms

AFA 2010 Atlanta Meetings Paper
Number of pages: 48 Posted: 01 Mar 2007 Last Revised: 17 Nov 2012
Paul K. Chaney, Mara Faccio and David C. Parsley
Vanderbilt University - Accounting, Purdue University - Krannert School of Management and Vanderbilt University – Finance and Economics
Downloads 2,829 (5,530)
Citation 83

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Political connections, information quality, accruals quality

2.
Downloads 2,557 ( 6,521)
Citation 38

Corporate Lobbying and Firm Performance

Number of pages: 42 Posted: 13 Sep 2007 Last Revised: 07 Oct 2014
Hui Chen, David C. Parsley and Ya-Wen Yang
University of Zurich, Vanderbilt University – Finance and Economics and Wake Forest University - Schools of Business
Downloads 2,555 (6,420)
Citation 30

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Corporate Lobbying, political strategy, market returns, portfolio

Corporate Lobbying and Firm Performance

Journal of Business Finance & Accounting, Vol. 42, Issue 3-4, pp. 444-481, 2015
Number of pages: 38 Posted: 14 May 2015
Hui Chen, David C. Parsley and Ya-Wen Yang
University of Zurich, Vanderbilt University – Finance and Economics and Wake Forest University - Schools of Business
Downloads 2 (810,325)
Citation 5
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corporate lobbying, accounting performance, market returns, portfolio, Citizens United

3.

Sudden Deaths: Taking Stock of Geographic Ties

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 113/2006, AFA 2008 New Orleans Meetings Paper
Number of pages: 55 Posted: 13 Jan 2006 Last Revised: 23 Oct 2018
Mara Faccio and David C. Parsley
Purdue University - Krannert School of Management and Vanderbilt University – Finance and Economics
Downloads 917 (31,825)
Citation 56

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political ties, political connections

4.

Risk Sharing in a Politically Divided Monetary Union

Open Economies Review https://doi.org/10.1007/s11079-021-09620-y
Number of pages: 21 Posted: 15 Feb 2018 Last Revised: 15 Apr 2021
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 566 (60,541)
Citation 1

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Monetary union, Optimal currency area, Currency union, Political division

A Prism into the Ppp Puzzles: the Micro-Foundations of Big Mac Real Exchange Rates

Vanderbilt University Working Paper No. 03-11, Economic Journal, Forthcoming
Number of pages: 26 Posted: 26 Oct 2004
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 280 (135,700)

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Real exchange rates, TAR models, law of one price, sigma-convergence, betaconvergence

A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates

NBER Working Paper No. w10074
Number of pages: 46 Posted: 12 Nov 2003 Last Revised: 12 Jul 2021
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 39 (535,032)

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A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates

Number of pages: 54 Posted: 12 Aug 2004
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 19 (665,428)
Citation 3
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Real exchange rates, TAR models, real exchange rate decompositions, sigma-convergence, beta-convergence

Exchange Rate Pegs and Foreign Exchange Exposure in East and South East Asia

Vanderbilt University, Financial Markets Research Center Working Paper No. 0218
Number of pages: 33 Posted: 13 Mar 2003
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 299 (126,656)
Citation 2

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economic exposure

Exchange Rate Pegs and Foreign Exchange Exposure in East and South East Asia

Journal of International Money and Finance, Vol. 25, pp. 992-1009, 2006
Posted: 02 Apr 2007
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department

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economic exposure

Slow Passthrough Around the World: A New Import for Developing Countries?

KSG Working Paper No. RWP05-016
Number of pages: 75 Posted: 12 Jan 2006
Jeffrey A. Frankel, David C. Parsley and Shang-Jin Wei
Harvard University - Harvard Kennedy School (HKS), Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 219 (173,346)
Citation 7

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Economics - International Economics, Economics - Macroeconomics, International Affairs/Globalization, International Development, International Trade and Finance

Slow Passthrough Around the World: A New Import for Developing Countries?

NBER Working Paper No. w11199
Number of pages: 51 Posted: 19 Apr 2005 Last Revised: 07 Feb 2021
Jeffrey A. Frankel, David C. Parsley and Shang-Jin Wei
Harvard University - Harvard Kennedy School (HKS), Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 40 (529,900)
Citation 7

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8.

In Search of a Euro Effect: Big Lessons from a Big Mac Meal?

Number of pages: 25 Posted: 21 Jun 2007
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 249 (153,540)
Citation 4

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price dispersion, goods market integration, euro

9.
Downloads 233 (163,738)
Citation 41

News Spillovers in the Sovereign Debt Market

Number of pages: 42 Posted: 23 Nov 2003
Amar Gande and David C. Parsley
Southern Methodist University (SMU) - Finance Department and Vanderbilt University – Finance and Economics
Downloads 233 (163,272)
Citation 41

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News Spillovers in the Sovereign Debt Market

Posted: 05 Dec 2003
Amar Gande and David C. Parsley
Southern Methodist University (SMU) - Finance Department and Vanderbilt University – Finance and Economics

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10.

Sovereign Credit Ratings, Transparency and International Portfolio Flows

HKIMR Working Paper No. 12/2014, Vanderbilt Owen Graduate School of Management Research Paper No. 2445765
Number of pages: 56 Posted: 05 Jun 2014 Last Revised: 02 Sep 2014
Amar Gande and David C. Parsley
Southern Methodist University (SMU) - Finance Department and Vanderbilt University – Finance and Economics
Downloads 213 (178,301)
Citation 10

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Asymmetric Effects, Portfolio Flows, Sovereign Rating Agencies

Understanding Real Exchange Rate Movements with Trade in Intermediate Products

Number of pages: 26 Posted: 12 Aug 2006 Last Revised: 25 Nov 2012
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 186 (201,691)
Citation 1

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Real Exchange Rates, PPP, MSE decomposition

Understanding Real Exchange Rate Movements with Trade in Intermediate Products

Pacific Economic Review, Vol. 15, No. 2, pp. 171-188, May 2010
Number of pages: 18 Posted: 21 Apr 2010
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 2 (810,325)
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12.

Accounting for Real Exchange Rate Changes in East Asia

HKIMR Working Paper No. 06/2001
Number of pages: 34 Posted: 13 Mar 2003
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 165 (223,685)
Citation 5

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Real Exchange Rate, MSE, Decomposition

Exchange Rate Pass-Through in a Small Open Economy: Panel Evidence from Hong Kong

International Journal of Finance and Economics, Vol. 8, No. 2, pp. 199-108, 2003
Number of pages: 20 Posted: 01 Sep 2006
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 93 (344,380)
Citation 1

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Exchange Rate Pass through

Exchange Rate Pass-Through in a Small Open Economy: Panel Evidence from Hong Kong

HKIMR Working Paper No. 10/2001
Number of pages: 15 Posted: 05 Sep 2007
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 68 (415,121)

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14.
Downloads 158 (232,125)
Citation 1

Return Comovement

Number of pages: 39 Posted: 15 Aug 2015 Last Revised: 15 Jun 2017
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 119 (290,850)

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Comovement, Synchronicity, trilemma stability, financial market institutions, investor protection, variance decomposition

Return Comovement

HKIMR Working Paper No. 16/2017, Vanderbilt Owen Graduate School of Management Research Paper No. 3011841
Number of pages: 35 Posted: 03 Aug 2017
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 39 (535,032)
Citation 2

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Asset Pricing, Information and Market Efficiency, International Financial Markets, Financial Economics, Trilema

15.

Measuring Financial Integration Via Idiosyncratic Risk: What Effects are We Really Picking Up?

Number of pages: 8 Posted: 12 Jul 2006
David C. Parsley and Christian Schlag
Vanderbilt University – Finance and Economics and Goethe University Frankfurt
Downloads 147 (246,338)

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financial market integration, risk-free rate

16.
Downloads 138 (259,038)
Citation 1

Gauging Exchange Rate Targeting

Number of pages: 27 Posted: 18 Jul 2009 Last Revised: 30 Dec 2014
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 74 (395,965)

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Exchange Rates, Exchange Rate Management, Monetary Policy Rule, Inflation Targeting, Exchange Rate Regimes, Exchange Rate Classification, Factor Instrumental Variables

Evaluating Exchange Rate Management: An Application to Korea

HKIMR Working Paper No.28/2009, SCU Leavey School of Business Research Paper No. 10-08
Number of pages: 27 Posted: 02 Feb 2010
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 64 (428,834)
Citation 1

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Exchange Rates, Exchange Rate Management, Monetary Policy Rule, Inflation Targeting, Exchange Rate Regimes, Exchange Rate Classification, Factor Instrumental Variables

17.

How Big and Heterogeneous are the Effects of Currency Arrangements on Market Integration? A Price Based Approach

Vanderbilt University Financial Markets Research Center Working Paper No. 0113
Number of pages: 48 Posted: 08 Oct 2003
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 136 (262,047)
Citation 8

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pegs, currency board, dollarization, market integration

Limiting Currency Volatility to Stimulate Goods Market Integration: A Price-Based Approach

IMF Working Paper No. 01/197
Number of pages: 33 Posted: 06 Feb 2006
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 57 (454,814)

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Hard pegs, currency union, dollarization, market integration

Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach

NBER Working Paper No. w8468
Number of pages: 36 Posted: 10 Sep 2001 Last Revised: 21 Feb 2021
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 41 (524,798)

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Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach

Number of pages: 38 Posted: 27 Sep 2001
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 19 (665,428)
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Hard pegs, currency union, dollarization, market integration

19.

Inflation and Relative Price Dispersion in Equity Markets and in Goods and Services Markets

Number of pages: 35 Posted: 15 Feb 2001
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 115 (296,400)
Citation 1

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Relative Price Dispersion

20.

Foreign Exchange Exposure and Exchange Rate Arrangements in East Asia

HKIMR Working Paper No. 17/2002
Number of pages: 20 Posted: 27 Aug 2007
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 94 (339,400)

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21.

Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations

NBER Working Paper No. w5654
Number of pages: 42 Posted: 26 Sep 1996 Last Revised: 25 Nov 2012
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 65 (419,810)
Citation 11

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22.

Exchange Rate Pass-Through in South Africa: Panel Evidence from Individual Goods and Services

Journal of Development Studies, Forthcoming
Number of pages: 36 Posted: 19 Jul 2010 Last Revised: 25 Nov 2012
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 62 (430,004)

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23.

Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography

NBER Working Paper No. w7836
Number of pages: 31 Posted: 12 Aug 2000 Last Revised: 31 May 2021
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 60 (437,066)
Citation 10

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24.

Exchange Rate Induced Export Quality Upgrading: A Firm-Level Perspective

Vanderbilt Owen Graduate School of Management Research Paper No. 3011013, Economic Modelling, Forthcoming
Number of pages: 48 Posted: 01 Aug 2017 Last Revised: 16 Nov 2020
Cui Hu, David C. Parsley and Yong Tan
Central University of Finance and Economics (CUFE) - School of International Trade and Economics, Vanderbilt University – Finance and Economics and Nanjing University - Department of International Economics and Trade
Downloads 59 (440,605)
Citation 1

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import currency appreciation, quality upgrading, import quality, Export quality

25.

Aggregate Price Changes and Dispersion: A Comparison of the Equity and Goods and Services Markets

Vanderbilt Financial Markets Research Center Working Paper No. 2001-04
Number of pages: 33 Posted: 22 Nov 2003
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 50 (474,777)
Citation 5

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inflation and price dispersion, inflation and relative price variability

26.

Purchasing Power Disparity During the Floating Rate Period: Exchange Rate Volatility, Trade Barriers and Other Culprits

NBER Working Paper No. w5032
Number of pages: 42 Posted: 13 Jul 2000 Last Revised: 03 Apr 2021
Shang-Jin Wei and David C. Parsley
Columbia Business School - Finance and Economics and Vanderbilt University – Finance and Economics
Downloads 50 (474,777)

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27.

A Price Based Approach to Estimate the Effects of Monetary Arrangements on Trade Integration

Centro Studi Luca d'Agliano Development Studies Working Paper No. 185
Number of pages: 49 Posted: 08 Feb 2005
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 48 (482,926)

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hard pegs, currency board, dollarizatin, market integration

Pricing in International Markets: A 'Small-Country' Benchmark

Number of pages: 16 Posted: 21 Aug 2004
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 27 (605,905)
Citation 2
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Pricing in International Markets: A 'Small Country' Benchmark

HKIMR Working Paper No. 11/2001
Number of pages: 17 Posted: 05 Sep 2007
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 21 (649,789)
Citation 3

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29.

Border, Border, Wide and Far, How We Wonder What You are

Number of pages: 32 Posted: 11 Jan 2005
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 46 (491,493)

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30.

Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade

NBER Working Paper No. w4738
Number of pages: 22 Posted: 24 Nov 2000 Last Revised: 25 Nov 2012
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 27 (589,272)
Citation 1

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31.

Sudden Deaths: Taking Stock of Political Connections

CEPR Discussion Paper No. 5460
Number of pages: 40 Posted: 27 Apr 2006
Mara Faccio and David C. Parsley
Purdue University - Krannert School of Management and Vanderbilt University – Finance and Economics
Downloads 21 (629,461)
Citation 2
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Political connections, sudden deaths

32.

Official Exchange Rate Arrangements and Real Exchange Rate Behavior

Journal of Money, Credit, and Banking, Vol. 33, No. 4, p. 976-993
Posted: 01 Sep 2006
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department

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convergence, panel

33.

Exchange Rates, Domestic Prices, and Central Bank Actions: Recent U.S. Experience

Southern Economic Journal, Vol. 64, No. 4, p. 957-972
Posted: 01 Sep 2006
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department

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pass-through, endogeneity, monetary policy

34.

Exchange Rate Uncertainty and Traded Goods Prices

International Economic Journal, Vol. 9, No. 2, pp. 27-36, 1995
Posted: 01 Sep 2006
David C. Parsley and ziyong Cai
Vanderbilt University – Finance and Economics and Vanderbilt University

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exchange rate volatility, pass-through, risk neutral firms

35.

Exchange Rate Pass-Through: Evidence from Aggregate Japanese Exports

Southern Economic Journal, Vol. 60, No. 2, p. 454-463, 1993
Posted: 01 Sep 2006
David C. Parsley
Vanderbilt University – Finance and Economics

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pass-through instability, commodity composition of trade

36.

Anticipated Future Shocks and Exchange Rate Pass-Through in the Presence of Reputation

International Review of Economics and Finance, Vol. 4, No. 2, p. 99-103, 1995
Posted: 01 Sep 2006
David C. Parsley
Vanderbilt University – Finance and Economics

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pass-through stability

37.

Exchange Rate Pass-Through with Intertemporal Linkages: Evidence at the Commodity Level

Review of International Economics, Vol. 3, No. 3, p. 330-341, 1995
Posted: 01 Sep 2006
David C. Parsley
Vanderbilt University – Finance and Economics

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pass-through instability, econometric misspecification, Kalman filter

38.

Inflation and Relative Price Variability in the Short and Long Run: New Evidence from the United States

JOURNAL OF MONEY, CREDIT, AND BANKING, Vol. 28 No. 3, August 1996
Posted: 16 Sep 1996
David C. Parsley
Vanderbilt University – Finance and Economics

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