Peter Blair Henry

New York University (NYU) - Leonard N. Stern School of Business

44 West 4th Street

New York, NY NY 10012

United States

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Brookings Institution

Nonresident Senior Fellow

1775 Massachusetts Ave, NW

Washington, DC 20036

United States

Leonard N. Stern School of Business - Department of Economics

William R. Berkley Professorship in Economics & Business

269 Mercer Street

New York, NY 10003

United States

SCHOLARLY PAPERS

27

DOWNLOADS
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Top 7,897

in Total Papers Downloads

4,796

CITATIONS
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SSRN RANKINGS

Top 1,530

in Total Papers Citations

367

Scholarly Papers (27)

Capital Account Liberalization: Theory, Evidence, and Speculation

Journal of Economic Literature, Vol. XLV, pp. 887-935, December 2007
Number of pages: 93 Posted: 08 Nov 2007
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 250 (102,316)
Citation 69

Abstract:

Capital Account Liberalization, Asset Prices, Investment, Economic Growth, Developing Countries, Capital Flows, Emerging Markets, Capital Account Policy, Financial Crises,

Capital Account Liberalization: Theory, Evidence, and Speculation

Stanford University Graduate School of Business Research Paper No. 1974, Brookings Global Economy and Development Paper No. 4
Number of pages: 61 Posted: 29 Nov 2006
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 198 (129,228)
Citation 76

Abstract:

capital account liberalization, capital flows, economic growth, economic development, economic policy, international finance, open economy macroeconomics, macroeconomics, international financial markets

Capital Account Liberalization: Theory, Evidence, and Speculation

NBER Working Paper No. w12698
Number of pages: 84 Posted: 20 Nov 2006 Last Revised: 13 Sep 2010
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 24 (444,050)
Citation 76

Abstract:

Stock Market Liberalizations and the Repricing of Systematic Risk

AFA 2002 Atlanta Meetings; Stanford Business School Working Paper No. 1677
Number of pages: 40 Posted: 15 Feb 2001
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 447 (52,255)
Citation 18

Abstract:

Stock Market Liberalization, Capital Account Liberalization, Systematic Risk, Capital Asset Pricing Model, Emerging Markets

Stock Market Liberalizations and the Repricing of Systematic Risk

NBER Working Paper No. w8265
Number of pages: 41 Posted: 05 May 2001 Last Revised: 21 Oct 2010
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 24 (444,050)
Citation 18

Abstract:

Firm-Specific Information and the Efficiency of Investment

Stanford University Graduate School of Business Research Paper No. 1930
Number of pages: 48 Posted: 10 May 2006
Peter Blair Henry and Anusha Chari
New York University (NYU) - Leonard N. Stern School of Business and University of North Carolina (UNC) at Chapel Hill - Department of Economics
Downloads 189 (135,002)
Citation 22

Abstract:

investment, stock market, capital account liberalization, economic development, macroeconomics, international economics, international finance

Firm-Specific Information and the Efficiency of Investment

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 08 Nov 2007
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 104 (221,107)
Citation 22

Abstract:

Investment, Capital Account Liberalization, Risk Sharing, Growth Opportunities, Cost of Capital

Firm-Specific Information and the Efficiency of Investment

Stanford Graduate School of Business Research Paper Series No. 1975
Number of pages: 48 Posted: 17 Sep 2007
Peter Blair Henry and Anusha Chari
New York University (NYU) - Leonard N. Stern School of Business and University of North Carolina (UNC) at Chapel Hill - Department of Economics
Downloads 101 (225,768)
Citation 22

Abstract:

capital budgeting, economic development, economic policy, internatiional economics, international finance, macroeconomics

Firm-Specific Information and the Efficiency of Investment

NBER Working Paper No. w12186
Number of pages: 47 Posted: 11 May 2006
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 41 (368,367)
Citation 22

Abstract:

Capital Account Liberalization, the Cost of Capital, and Economic Growth

Number of pages: 18 Posted: 07 Mar 2003
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 359 (68,103)
Citation 63

Abstract:

Capital Account Liberalization, Economic Growth, Cost of Capital, Asset Prices, Total Factor Productivity, Investment

Capital Account Liberalization, the Cost of Capital, and Economic Growth

NBER Working Paper No. w9488
Number of pages: 19 Posted: 13 Feb 2003
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 55 (323,298)
Citation 63

Abstract:

Capital Account Liberalization, the Cost of Capital, and Economic Growth

American Economic Review, May 2003
Posted: 07 Mar 2003
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business

Abstract:

Capital Account Liberalization, Economic Growth, Cost of Capital, Asset Prices, Total Factor Productivity, Investment

5.
Downloads 337 ( 73,974)
Citation 15

Is Disinflation Good for the Stock Market?

AFA 2002 Atlanta Meetings; Stanford Business School Research Paper No. 1657
Number of pages: 47 Posted: 14 Feb 2001
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 183 (139,266)
Citation 15

Abstract:

Disinflation, Stock Market, Growth, Stabilization, Inflation

Is Disinflation Good for the Stock Market?

Journal of Finance, Vol. LVII, No. 4, August 2002
Number of pages: 56 Posted: 28 Feb 2002
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 125 (192,716)
Citation 15

Abstract:

Welfare cost of Disinflation, Stabilization, Inflation, Stock Market, Asset Prices, Sacrifice Ratio, Output loss, IMF, International Monetary Fund

Is Disinflation Good for the Stock Market?

NBER Working Paper No. w8289
Number of pages: 58 Posted: 10 May 2001 Last Revised: 22 Oct 2010
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 29 (417,740)
Citation 15

Abstract:

6.

Helping the Poor to Help Themselves: Debt Relief or Aid?

Number of pages: 34 Posted: 24 Dec 2003
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 300 (80,943)
Citation 5

Abstract:

Debt Relief, Development, Foreign Aid, Institutions

Risk Sharing and Asset Prices: Evidence from a Natural Experiment

Journal of Finance, Vol. 59, No. 3, pp. 1295-1324, June 2004
Number of pages: 51 Posted: 27 Feb 2004
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 196 (130,410)
Citation 64

Abstract:

Cross-section of expected returns, international asset pricing, liberalization, risk sharing

Risk Sharing and Asset Prices: Evidence from a Natural Experiment

Stanford University, Graduate School of Business Research Paper No. 1736R
Number of pages: 51 Posted: 22 Jan 2003
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 79 (265,118)
Citation 64

Abstract:

Risk Sharing and Asset Prices: Evidence from a Natural Experiment

NBER Working Paper No. w8988
Number of pages: 41 Posted: 07 Jun 2002 Last Revised: 27 Oct 2010
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 21 (461,231)
Citation 64

Abstract:

8.
Downloads 232 (111,008)
Citation 15

Debt Relief

Journal of Economic Prespectives, Winter 2006, Stanford University Graduate School of Business Research Paper No. 1931
Number of pages: 25 Posted: 10 May 2006
Peter Blair Henry and Serkan Arslanalp
New York University (NYU) - Leonard N. Stern School of Business and International Monetary Fund (IMF)
Downloads 177 (143,483)
Citation 5

Abstract:

international finance, international economics, Gleneagles, multilateral debt restructuring initiative, economic development, economic policy, debt relief, highly indebted poor countries

Debt Relief

NBER Working Paper No. w12187
Number of pages: 24 Posted: 25 May 2006
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 55 (323,298)
Citation 14

Abstract:

9.

The World's Poorest Countries: Debt Relief or Aid?

Stanford, GSB Research Paper No. 1809
Number of pages: 36 Posted: 31 Jul 2003
Peter Blair Henry and Serkan Arslanalp
New York University (NYU) - Leonard N. Stern School of Business and International Monetary Fund (IMF)
Downloads 224 (112,450)
Citation 1

Abstract:

10.

Commentary on Bekaert, Harvey, and Lundbald's 'Equity Market Liberalization in Emerging Equity Markets'

Stanford GSB Working Paper No. 1783
Number of pages: 18 Posted: 16 Jun 2003
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 218 (115,903)
Citation 1

Abstract:

Capital Account Liberalization: Allocative Efficiency or Animal Spirits?

Number of pages: 28 Posted: 18 Apr 2002
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 180 (141,304)
Citation 26

Abstract:

Capital Account Liberalization: Allocative Efficiency or Animal Spirits?

NBER Working Paper No. w8908
Number of pages: 29 Posted: 25 Apr 2002
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 29 (417,740)
Citation 26

Abstract:

12.
Downloads 132 (160,272)
Citation 2

Capital Market Integration and Wages

Stanford University Graduate School of Business Research Paper No. 2019
Number of pages: 53 Posted: 07 Apr 2009
Peter Blair Henry and Diego Sasson
New York University (NYU) - Leonard N. Stern School of Business and affiliation not provided to SSRN
Downloads 78 (267,090)
Citation 2

Abstract:

economic development, economic policy, macroeconomics

Capital Market Integration and Wages

Number of pages: 63 Posted: 06 Sep 2011 Last Revised: 23 May 2012
Anusha Chari, Peter Blair Henry and Diego L. Sasson
University of North Carolina (UNC) at Chapel Hill - Department of Economics, New York University (NYU) - Leonard N. Stern School of Business and affiliation not provided to SSRN
Downloads 27 (427,649)
Citation 2

Abstract:

capital account liberalization, wages, emerging markets

Capital Market Integration and Wages

American Economic Journal: Macroeconomics 2012, 42: 1–34 ,
Number of pages: 48 Posted: 22 May 2012
Anusha Chari, Peter Blair Henry and Diego L. Sasson
University of North Carolina (UNC) at Chapel Hill - Department of Economics, New York University (NYU) - Leonard N. Stern School of Business and affiliation not provided to SSRN
Downloads 17 (484,591)
Citation 2

Abstract:

capital account liberalization, wages, emerging markets

Capital Market Integration and Wages

NBER Working Paper No. w15204
Number of pages: 64 Posted: 11 Aug 2009 Last Revised: 19 Jul 2010
Peter Blair Henry and Diego Sasson
New York University (NYU) - Leonard N. Stern School of Business and Stanford University
Downloads 10 (525,031)
Citation 2

Abstract:

13.
Downloads 154 (161,123)
Citation 14

Is Debt Relief Efficient?

Number of pages: 59 Posted: 27 Dec 2003
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 125 (192,716)
Citation 14

Abstract:

Debt Relief, Efficiency, Investment, Debt Overhang

Is Debt Relief Efficient?

NBER Working Paper No. w10217
Number of pages: 60 Posted: 20 Jan 2004
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 29 (417,740)
Citation 14

Abstract:

Is Debt Relief Efficient?

Journal of Finance, Vol. 60, No. 2, pp. 1017-1051
Posted: 15 Apr 2005
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business

Abstract:

Debt relief, debt overhang, HIPC, Brady Plan, highly-indebted poor countries initiative, Bono, sovereign debt restructuring

Capital Account Liberalization, Real Wages, and Productivity

Stanford University Graduate School of Business Research Paper No. 1988, Brookings Global Economy and Development Paper No. 20
Number of pages: 43 Posted: 07 Nov 2007
Peter Blair Henry and Diego Sasson
New York University (NYU) - Leonard N. Stern School of Business and Stanford University
Downloads 120 (198,907)
Citation 4

Abstract:

Capital Account Liberalization, Labor Market, Wages, Productivity, Economic Growth, Output Per Worker

Capital Account Liberalization, Real Wages, and Productivity

NBER Working Paper No. w13880
Number of pages: 47 Posted: 19 Mar 2008
Peter Blair Henry and Diego Sasson
New York University (NYU) - Leonard N. Stern School of Business and Stanford University
Downloads 23 (449,752)
Citation 4

Abstract:

15.

Institutions Versus Policies: A Tale of Two Islands

Brookings Global Economy and Development Working Paper No. 33, Stanford University Graduate School of Business Research Paper No. 2012
Number of pages: 19 Posted: 15 Jan 2009
Peter Blair Henry and Conrad Miller
New York University (NYU) - Leonard N. Stern School of Business and Stanford University
Downloads 140 (170,519)
Citation 3

Abstract:

Institutions, Caribbean, development, developing countries, global econonics

16.
Downloads 135 (180,613)
Citation 3

Institutions vs. Policies: A Tale of Two Islands

American Economic Review, Vol. 99, No. 2, 2009, Stanford Law and Economics Olin Working Paper No. 372
Number of pages: 18 Posted: 23 Apr 2009 Last Revised: 05 Jun 2009
Peter Blair Henry and Conrad Miller
New York University (NYU) - Leonard N. Stern School of Business and Stanford University
Downloads 82 (259,115)
Citation 3

Abstract:

Colonial Origins, Legal Origins, Long Run Growth, Development, Institutions

Institutions vs. Policies: A Tale of Two Islands

NBER Working Paper No. w14604
Number of pages: 18 Posted: 29 Dec 2008
Peter Blair Henry and Conrad Miller
New York University (NYU) - Leonard N. Stern School of Business and Stanford University
Downloads 53 (329,249)
Citation 3

Abstract:

17.

Perspective Paper on Financial Instability

Stanford GSB Working Paper No. 1866
Number of pages: 25 Posted: 13 Oct 2004
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 112 (203,225)
Citation 1

Abstract:

Economic development, macroeconomics, financial crises, institutions, international finance

18.

Discussion of "Malaysian Capital Controls: An Assessment" by Simon Johnson, Kalpana Kochar, Todd Mitton and Natalia Tamirisa

Stanford Graduate School of Business Research Paper No. 1932
Number of pages: 7 Posted: 10 May 2006
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business
Downloads 92 (225,937)

Abstract:

economic policy, capital controls, Government and Business, macroeconomics, Malaysia

19.

Debt Relief: What Do the Markets Think

Stanford University, Graduate School of Business Research Paper No. 1810
Number of pages: 63 Posted: 11 Feb 2003
Peter Blair Henry and Serkan Arslanalp
New York University (NYU) - Leonard N. Stern School of Business and International Monetary Fund (IMF)
Downloads 82 (253,043)
Citation 3

Abstract:

20.

Domestic Capital Market Reform and Access to Global Finance: Making Markets Work

NBER Working Paper No. w10064
Number of pages: 46 Posted: 06 Nov 2003
Peter Blair Henry and Peter L. Lorentzen
New York University (NYU) - Leonard N. Stern School of Business and University of California, Berkeley
Downloads 56 (315,873)
Citation 10

Abstract:

21.

Debt Relief: What Do the Markets Think?

NBER Working Paper No. w9369
Number of pages: 51 Posted: 06 Dec 2002 Last Revised: 30 Oct 2010
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 34 (386,548)
Citation 3

Abstract:

Is the Invisible Hand Discerning or Indiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations

NBER Working Paper No. w10318
Number of pages: 48 Posted: 04 Mar 2004 Last Revised: 12 Sep 2010
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 31 (408,427)
Citation 8

Abstract:

Is the Invisible Hand Discerning or Indiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations

Posted: 07 Feb 2004
Peter Blair Henry and Anusha Chari
New York University (NYU) - Leonard N. Stern School of Business and University of North Carolina (UNC) at Chapel Hill - Department of Economics

Abstract:

Economic development, economic policy, international finance, macroeconomics, asset pricing, capital budgeting

23.

Helping the Poor to Help Themselves: Debt Relief or Aid

NBER Working Paper No. w10230
Number of pages: 35 Posted: 27 Jan 2004
Serkan Arslanalp and Peter Blair Henry
International Monetary Fund (IMF) and New York University (NYU) - Leonard N. Stern School of Business
Downloads 27 (407,059)
Citation 5

Abstract:

Two Tales of Adjustment: East Asian Lessons for European Growth

Number of pages: 52 Posted: 16 Jan 2014
Anusha Chari and Peter Blair Henry
University of North Carolina (UNC) at Chapel Hill - Department of Economics and New York University (NYU) - Leonard N. Stern School of Business
Downloads 9 (530,574)

Abstract:

financial crisis, East Asia, Europe, fiscal policy, austerity, growth, recovery

25.

Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices

As published in Journal of Finance, Vol. LV, No. 2, April 2000
Posted: 24 Sep 1999
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business

Abstract:

26.

Do Stock Market Liberalizations Cause Investment Booms?

As published in Journal of Financial Economics, Vol. 58, No. 1, October 2000
Posted: 21 Sep 1999
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business

Abstract:

Capital Account Liberalization, Stock Market, Asset Prices, Emerging Markets, Investment, Growth

27.

The Effect of Inflation Stabilization Plans on Emerging Market Stock Returns

Posted: 01 May 1998
Peter Blair Henry
New York University (NYU) - Leonard N. Stern School of Business

Abstract: