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

35

DOWNLOADS

10,807

SSRN CITATIONS
Rank 2,372

SSRN RANKINGS

Top 2,372

in Total Papers Citations

377

CROSSREF CITATIONS

370

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 (35)

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, Mitchell E. Daniels, Jr. School of Business, Purdue University and Vanderbilt University – Finance and Economics
Downloads 2,948 (8,308)
Citation 83

Abstract:

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Political connections, information quality, accruals quality

2.

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 2,698 (9,536)
Citation 40

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Corporate Lobbying, political strategy, market returns, portfolio

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Vanderbilt University – Finance and Economics
Downloads 954 (46,131)
Citation 85

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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 711 (68,580)
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 University - Columbia Business School, Finance
Downloads 307 (183,548)

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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: 13 Jul 2022
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia University - Columbia Business School, Finance
Downloads 53 (711,537)

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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 University - Columbia Business School, Finance
Downloads 19 (998,155)
Citation 1
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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 329 (170,529)
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 University - Columbia Business School, Finance
Downloads 233 (243,029)
Citation 6

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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: 08 Aug 2022
Jeffrey A. Frankel, David C. Parsley and Shang-Jin Wei
Harvard University - Harvard Kennedy School (HKS), Vanderbilt University – Finance and Economics and Columbia University - Columbia Business School, Finance
Downloads 61 (664,107)
Citation 7

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News Spillovers in the Sovereign Debt Market

AFA 2003 Washington, DC Meetings
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 282 (200,746)
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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9.

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 University - Columbia Business School, Finance
Downloads 267 (213,407)
Citation 4

Abstract:

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price dispersion, goods market integration, euro

10.

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 219 (258,730)
Citation 1

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Real Exchange Rates, PPP, MSE decomposition

11.
Downloads 152 (264,442)
Citation 3

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 152 (357,627)
Citation 3

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Comovement, Synchronicity, trilemma stability, financial market institutions, investor protection, variance 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 105 (476,894)
Citation 1

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Exchange Rate Pass through

13.
Downloads 94 (306,076)

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 94 (514,798)

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

14.

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 168 (328,354)

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financial market integration, risk-free rate

15.

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 University - Columbia Business School, Finance
Downloads 164 (335,238)
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 University - Columbia Business School, Finance
Downloads 85 (549,202)

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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: 22 Aug 2022
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia University - Columbia Business School, Finance
Downloads 58 (681,288)

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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 University - Columbia Business School, Finance
Downloads 19 (998,155)
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Hard pegs, currency union, dollarization, market integration

17.

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 133 (397,309)
Citation 1

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Relative Price Dispersion

18.

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: 15 Dec 2022
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia University - Columbia Business School, Finance
Downloads 112 (452,230)
Citation 9

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19.

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 90 (524,681)
Citation 1

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

20.

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: 01 Dec 2022
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia University - Columbia Business School, Finance
Downloads 79 (567,759)
Citation 10

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21.

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 77 (576,209)

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22.

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 University - Columbia Business School, Finance
Downloads 73 (593,750)

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hard pegs, currency board, dollarizatin, market integration

23.

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 University - Columbia Business School, Finance
Downloads 69 (612,239)

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24.

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 65 (631,615)
Citation 5

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inflation and price dispersion, inflation and relative price variability

25.

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 2022
Shang-Jin Wei and David C. Parsley
Columbia University - Columbia Business School, Finance and Vanderbilt University – Finance and Economics
Downloads 65 (636,742)
Citation 1

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26.

Climate Change Salience and International Equity Returns

Number of pages: 27 Posted: 08 May 2023
Helen Popper and David C. Parsley
Santa Clara University - Leavey School of Business - Economics Department and Vanderbilt University – Finance and Economics
Downloads 54 (696,751)

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Climate change risk, climate change salience, Climate finance, carbon risk, climate beta, international financial markets

27.

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: 14 Dec 2022
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia University - Columbia Business School, Finance
Downloads 43 (761,425)
Citation 1

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28.

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
Mitchell E. Daniels, Jr. School of Business, Purdue University and Vanderbilt University – Finance and Economics
Downloads 21 (946,093)
Citation 2
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Political connections, sudden deaths

29.

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

30.

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

31.

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

32.

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

33.

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

34.

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

35.

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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