Many macroeconomic forces affect international trade. These include nominal uncertainty, exchange rate movements, and each country's business cycle. This dissertation consists of three essays which explore the impact of these macroeconomic forces. In the first chapter, I consider the choice...

This paper examines the surprising performance of the Argentine stock market in the midst of the country’s most recent financial crisis and the role played by ADRs in Argentine capital flight. Although Argentine investors were subject to capital controls, they were able to purchase stocks with...

This thesis is a collection of essays on the effects of trade and capital flows in developing countries. Chapter 1 starts with the observation that institutions - contract enforcement, property rights, investor protection, and the like - have received a great deal of attention in recent years. I...