David C. Parsley

Vanderbilt University – Finance and Economics

401 21st Avenue South

Nashville, TN 37203

United States

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

SCHOLARLY PAPERS

38

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10,069

SSRN CITATIONS
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Top 1,759

in Total Papers Citations

179

CROSSREF CITATIONS

458

Ideas:
“  I am currently working on (intra-market) Stock Market Comovement; Exchange Rate Induced Quality Upgrading; and, Consumption Smoothing differences 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 2,787 (4,574)
Citation 66

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Political connections, information quality, accruals quality

2.
Downloads 2,460 ( 5,604)
Citation 35

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 2,458 (5,506)
Citation 26

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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 (713,749)
Citation 3
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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 902 (27,293)
Citation 40

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political ties, political connections

4.

Risk Sharing in a Monetary Union: Blue States and Red States

Vanderbilt Owen Graduate School of Management Research Paper
Number of pages: 34 Posted: 15 Feb 2018 Last Revised: 09 Apr 2020
David C. Parsley and Helen Popper
Vanderbilt University – Finance and Economics and Santa Clara University - Leavey School of Business - Economics Department
Downloads 487 (61,965)
Citation 1

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monetary union, consumption risk-sharing, economic and political divergence

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 277 (117,742)

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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: 25 Nov 2012
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 37 (476,886)

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

Economic Journal, Vol. 117, No. 523, pp. 1336-1356, October 2007
Number of pages: 21 Posted: 26 Sep 2007
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 25 (543,021)
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A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates

CEPR Discussion Paper No. 4486
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 (583,635)
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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 288 (112,953)
Citation 1

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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 216 (151,484)
Citation 5

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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: 25 Nov 2012
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 39 (467,784)
Citation 4

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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 248 (132,783)
Citation 4

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price dispersion, goods market integration, euro

9.
Downloads 221 (148,597)
Citation 39

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 221 (148,210)
Citation 39

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News Spillovers in the Sovereign Debt Market

Journal of Financial Economics, Vol. 75, No. 3, pp. 691-734, March 2005
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 190 (170,950)
Citation 8

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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 183 (176,812)

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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 (713,749)
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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 163 (195,646)
Citation 6

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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 92 (301,978)
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 67 (365,188)

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14.
Downloads 150 (209,745)
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 115 (258,815)

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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 35 (486,489)
Citation 1

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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 Leibniz Institute for Financial Research SAFE
Downloads 139 (223,119)

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financial market integration, risk-free rate

16.
Downloads 133 (231,043)
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 73 (348,006)

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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 60 (386,816)
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 130 (235,175)
Citation 7

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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 55 (403,951)

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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: 25 Nov 2012
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 40 (463,323)

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

CEPR Discussion Paper No. 2958
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 (583,635)
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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 112 (262,521)
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 92 (299,657)

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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 60 (381,465)
Citation 8

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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 59 (384,629)

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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: 25 Nov 2012
David C. Parsley and Shang-Jin Wei
Vanderbilt University – Finance and Economics and Columbia Business School - Finance and Economics
Downloads 55 (397,760)
Citation 8

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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 50 (414,927)
Citation 5

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inflation and price dispersion, inflation and relative price variability

25.

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 (422,210)

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hard pegs, currency board, dollarizatin, market integration

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

Review of International Economics, Vol. 12, No. 3, pp. 509-524, August 2004
Number of pages: 16 Posted: 21 Aug 2004
David C. Parsley
Vanderbilt University – Finance and Economics
Downloads 27 (530,383)
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 20 (576,595)
Citation 2

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27.

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: 25 Nov 2012
Shang-Jin Wei and David C. Parsley
Columbia Business School - Finance and Economics and Vanderbilt University – Finance and Economics
Downloads 45 (433,521)

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28.

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

World Bank Policy Research Working Paper No. 2217
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 44 (437,401)

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29.

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

Vanderbilt Owen Graduate School of Management Research Paper No. 3011013
Number of pages: 60 Posted: 01 Aug 2017 Last Revised: 09 Jun 2019
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 42 (445,434)

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import currency appreciation, quality upgrading, import quality

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 26 (521,249)
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 20 (557,584)
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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

Abstract:

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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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