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Publications of Connel Fullenkamp    :chronological  alphabetical  combined listing:

%% Journal Articles   
@article{fds372658,
   Author = {Chami, R and Fullenkamp, C and González Gómez and A and Hilmi, N and Magud, NE},
   Title = {The price is not right},
   Journal = {Frontiers in Climate},
   Volume = {5},
   Year = {2023},
   Month = {January},
   url = {http://dx.doi.org/10.3389/fclim.2023.1225190},
   Abstract = {The 2015 Paris Agreement requires all nations to combat
             climate change and to adapt to its effects. Countries
             promise to reduce their greenhouse gas (GHG) emissions
             through their Nationally Determined Contributions. Pledges
             to reduce emissions, however, have implications for economic
             growth. We estimate the link between economic growth and CO2
             pollution levels and find that this relationship is highly
             non-linear. A country's GHG emissions rise rapidly as its
             economic activity rises, relative to global activity,
             meaning that fast-growing countries contribute most heavily
             to current GHG emissions. Then, using real per-capita GDP as
             our metric, we estimate how much the carbon price should be
             in order to remove the economic growth benefit from excess
             GHG emissions. We find that the implied prices are far
             higher than the prices on any existing market for emissions
             as well as estimates of the social cost of carbon. Our
             findings also have important implications for the global
             dialogue regarding responsibility for climate mitigation as
             well as for the choice of policies to support mitigation
             efforts.},
   Doi = {10.3389/fclim.2023.1225190},
   Key = {fds372658}
}

@article{fds374198,
   Author = {Hilmi, N and Chami, R and Fullenkamp, C and Jafari, M and Sumaila,
             UR},
   Title = {Editorial: Nature-based solutions, climate mitigation,
             biodiversity conservation},
   Journal = {Frontiers in Climate},
   Volume = {5},
   Year = {2023},
   Month = {January},
   url = {http://dx.doi.org/10.3389/fclim.2023.1308032},
   Doi = {10.3389/fclim.2023.1308032},
   Key = {fds374198}
}

@article{fds363973,
   Author = {Berzaghi, F and Cosimano, T and Fullenkamp, C and Scanlon, J and Fon,
             TE and Robson, MT and Forbang, JL and Chami, R},
   Title = {Value wild animals’ carbon services to fill the
             biodiversity financing gap},
   Journal = {Nature Climate Change},
   Volume = {12},
   Number = {7},
   Pages = {598-601},
   Year = {2022},
   Month = {July},
   url = {http://dx.doi.org/10.1038/s41558-022-01407-4},
   Doi = {10.1038/s41558-022-01407-4},
   Key = {fds363973}
}

@article{fds363442,
   Author = {Berzaghi, F and Chami, R and Cosimano, T and Fullenkamp,
             C},
   Title = {Financing conservation by valuing carbon services produced
             by wild animals.},
   Journal = {Proceedings of the National Academy of Sciences of the
             United States of America},
   Volume = {119},
   Number = {22},
   Pages = {e2120426119},
   Year = {2022},
   Month = {May},
   url = {http://dx.doi.org/10.1073/pnas.2120426119},
   Abstract = {Filling the global biodiversity financing gap will require
             significant investments from financial markets, which demand
             credible valuations of ecosystem services and natural
             capital. However, current valuation approaches discourage
             investment in conservation because their results cannot be
             verified using market-determined prices. Here, we bridge the
             gap between finance and conservation by valuing only wild
             animals’ carbon services for which market prices exist. By
             projecting the future path of carbon service production
             using a spatially explicit demographic model, we place a
             credible value on the carbon capture services produced by
             African forest elephants. If elephants were protected, their
             services would be worth $20.8 billion ($10.3 to $29.7
             billion) and $25.9 billion ($12.8 to $37.6 billion) for the
             next 10 and 30 y, respectively, and could finance
             antipoaching and conservation programs. Elephant population
             growth would generate a carbon sink of 109 MtC (64 to 153)
             across tropical Africa in the next 30 y. Avoided elephant
             extinction would also prevent the loss of 93 MtC (46 to
             130), which is the contribution of the remaining
             populations. Uncertainties in our projections are controlled
             mainly by forest regeneration rates and poaching intensity,
             which indicate that conservation can actively reduce
             uncertainty for increased financial and biodiversity
             benefits. Our methodology can also place lower bounds on the
             social cost of nature degradation. Poaching would result in
             $2 to $7 billion of lost carbon services within the next 10
             to 30 y, suggesting that the benefits of protecting
             elephants far outweigh the costs. Our methodology enables
             the integration of animal services into global financial
             markets with major implications for conservation, local
             socioeconomies, and conservation.},
   Doi = {10.1073/pnas.2120426119},
   Key = {fds363442}
}

@article{fds363255,
   Author = {Chami, R and Cosimano, T and Fullenkamp, C and Nieburg,
             D},
   Title = {Toward a Nature-Based Economy},
   Journal = {Frontiers in Climate},
   Volume = {4},
   Year = {2022},
   Month = {April},
   url = {http://dx.doi.org/10.3389/fclim.2022.855803},
   Abstract = {Humanity faces a dual threat to its existence: climate
             change and biodiversity loss. The two risks are linked
             through human activity and an economic system that promotes
             growth at the expense of nature. Creating a nature-based
             economy can mitigate the dual risks and bring sustained,
             shared prosperity. The article shows how markets can be
             developed around the protection and regeneration of nature.
             Policies and actions needed to unleash the resources and
             innovation of markets to ensure that nature-based economic
             growth is shared and sustainable are specified. A
             nature-based economy ensures that conservation is a source
             of capital for development.},
   Doi = {10.3389/fclim.2022.855803},
   Key = {fds363255}
}

@article{fds354209,
   Author = {Chami, R and Fullenkamp, C and Cosimano, T and Berzaghi,
             F},
   Title = {African forest elephants fight climate change by
             contributing in surprising ways to natural carbon
             capture},
   Journal = {Finance and Development},
   Volume = {57},
   Number = {4},
   Pages = {58-62},
   Year = {2020},
   Month = {December},
   Key = {fds354209}
}

@article{fds363443,
   Author = {Submitter, DUE and Chami, R and Fullenkamp, C and Berzaghi, F and Español-Jiménez, S and Marcondes, M and Palazzo,
             J},
   Title = {On Valuing Nature-Based Solutions to Climate Change: A
             Framework with Application to Elephants and
             Whales},
   Journal = {Economic Research Initiatives at Duke (ERID) Working
             Paper},
   Number = {297},
   Year = {2020},
   Month = {August},
   Key = {fds363443}
}

@article{fds338470,
   Author = {Chami, R and Ernst, E and Fullenkamp, C and Oeking,
             A},
   Title = {Is there a remittance trap?},
   Journal = {Finance and Development},
   Volume = {55},
   Number = {3},
   Pages = {44-47},
   Year = {2018},
   Month = {September},
   Key = {fds338470}
}

@article{fds322425,
   Author = {Fullenkamp, C and Rochon, C},
   Title = {Reconsidering bank capital regulation: a new combination of
             rules, regulators, and market discipline},
   Journal = {Journal of Economic Policy Reform},
   Volume = {20},
   Number = {4},
   Pages = {343-359},
   Publisher = {Informa UK Limited},
   Year = {2017},
   Month = {October},
   url = {http://dx.doi.org/10.1080/17487870.2016.1181550},
   Abstract = {Despite revisions to bank capital standards, fundamental
             shortcomings remain: the rules for setting capital
             requirements need to be simpler, and resolution should be an
             essential part of the capital requirement framework.We
             propose a revised system of capital regulation that
             addresses these needs by making changes to all three pillars
             of bank regulation: only common equity should be recognized
             as regulatory capital, and risk weighting of assets should
             be abandoned; capital requirements should be assigned on an
             institution-by-institution basis according to a regulatory
             (s, S) approach developed in the paper; a standard for
             prompt, corrective action is incorporated into the (s, S)
             approach.},
   Doi = {10.1080/17487870.2016.1181550},
   Key = {fds322425}
}

@article{fds324855,
   Author = {Chami, R and Fullenkamp, C and Cosimano, T and Rochon,
             C},
   Title = {If financial institutions combine banking and nonbanking
             business there is potential for danger},
   Journal = {Finance and Development},
   Volume = {54},
   Number = {1},
   Pages = {43-45},
   Year = {2017},
   Month = {March},
   Key = {fds324855}
}

@article{fds294311,
   Author = {Chami, R and Fullenkamp, C},
   Title = {Beyond the household},
   Journal = {Finance and Development},
   Volume = {50},
   Number = {3},
   Pages = {48-51},
   Year = {2013},
   Month = {September},
   ISSN = {0145-1707},
   Key = {fds294311}
}

@article{fds324302,
   Author = {Sharma, S and Fullenkamp, C},
   Title = {Good Financial Regulation: Changing the Process is
             Crucial},
   Year = {2012},
   Month = {February},
   Key = {fds324302}
}

@article{fds294314,
   Author = {Chami, R and Fullenkamp, C and Sharma, S},
   Title = {A framework for financial market development},
   Journal = {Journal of Economic Policy Reform},
   Volume = {13},
   Number = {2},
   Pages = {107-135},
   Publisher = {Informa UK Limited},
   Year = {2010},
   Month = {June},
   ISSN = {1748-7870},
   url = {http://dx.doi.org/10.1080/17487871003700804},
   Abstract = {A framework for examining the process of financial market
             development is proposed. The framework is anchored in
             studying the incentives facing the key players in financial
             markets - borrowers, lenders, liquidity providers, and
             regulators - whose actions determine whether and how markets
             develop. While different financial instruments embody
             different concessions by borrowers and lenders, the
             framework emphasizes two main compromises: the tradeoffs
             between maturity and collateral, and between seniority and
             control in the sequencing of market development. © 2010
             Taylor & Francis.},
   Doi = {10.1080/17487871003700804},
   Key = {fds294314}
}

@article{fds294315,
   Author = {Fullenkamp, CR and Chami, R and Barajas, A and Garg,
             A},
   Title = {The Global Financial Crisis and Workers’ Remittances to
             Africa: What’s the Damage?},
   Journal = {Journal of African Development},
   Volume = {12},
   Number = {1},
   Pages = {59-78},
   Year = {2010},
   Key = {fds294315}
}

@article{fds294313,
   Author = {Chami, R and Fullenkamp, C},
   Title = {Development a wobbly crutch},
   Journal = {Finance and Development},
   Volume = {46},
   Number = {4},
   Pages = {31},
   Year = {2009},
   Month = {December},
   ISSN = {0145-1707},
   Key = {fds294313}
}

@article{fds324303,
   Author = {Barajas, A and Chami, R and Fullenkamp, C and Gapen, M and Montiel,
             PJ},
   Title = {Do Workers' Remittances Promote Economic
             Growth?},
   Number = {09-153},
   Year = {2009},
   Month = {July},
   Key = {fds324303}
}

@article{fds294316,
   Author = {Chami, R and Barajas, A and Cosimano, T and Fullenkamp, C and Gapen, M and Montiel, P},
   Title = {Macroeconomic consequences of remittances},
   Journal = {IMF Occasional Papers},
   Number = {259},
   Pages = {1-84},
   Publisher = {International Monetary Fund},
   Year = {2008},
   Month = {May},
   ISBN = {9781589067011},
   ISSN = {0251-6365},
   url = {http://www.imf.org/external/pubs/ft/op/259/op259.pdf},
   Abstract = {Two main issues that are of interest to policymakers with
             regards to remittances include how to manage macroeconomic
             effects and how to harness development potential in
             developing countries. A global study of the comprehensive
             macroeconomic effects of remittances on the economies that
             receive them addresses the above questions by reporting
             results. The study also draws summary policy implications
             for countries that receive significant flows of remittances.
             Based on the study, remittances improve households' welfare
             by lifting families out of poverty and insuring them against
             income shocks. However, the study also yields a number of
             caveats and policy considerations that have been overlooked:
             measurement, fiscal policy, debt sustainability, fiscal
             discipline, economic growth, dutch disease effects,
             governance and incentives, and role of international
             financial institution. The main challenge for policymakers
             is to design policies that promote remittances and increase
             benefits while mitigating adverse side effects.},
   Key = {fds294316}
}

@article{fds294317,
   Author = {Chami, R and Fullenkamp, C and Jahjah, S},
   Title = {Are immigrant remittance flows a source of capital for
             development?},
   Journal = {IMF Staff Papers},
   Volume = {52},
   Number = {1},
   Pages = {55-81},
   Year = {2005},
   Month = {July},
   ISSN = {1020-7635},
   url = {http://hdl.handle.net/10161/2030 Duke open
             access},
   Abstract = {There is a general presumption in the literature and among
             policymakers that immigrant remittances play the same role
             in economic development as foreign direct investment and
             other capital flows, but this is an open question. We
             develop a model of remittances based on the economics of the
             family that implies that remittances are not profit-driven,
             but are compensatory transfers, and should have a negative
             correlation with GDP growth. This is in contrast to the
             positive correlation of profit-driven capital flows with GDP
             growth. We test this implication of our model using a new
             panel data set on remittances and find a robust negative
             correlation between remittances and GDP growth. This
             indicates that remittances may not be intended to serve as a
             source of capital for economic development. © 2005
             International Monetary Fund.},
   Key = {fds294317}
}

@article{fds324304,
   Author = {Fullenkamp, C and Nsouli, SM},
   Title = {Six Puzzles in Electronic Money and Banking},
   Year = {2004},
   Month = {February},
   Key = {fds324304}
}

@article{fds294323,
   Author = {Fullenkamp, C and Tenorio, R and Battalio, R},
   Title = {Assessing individual risk attitudes using field data from
             lottery games},
   Journal = {Review of Economics and Statistics},
   Volume = {85},
   Number = {1},
   Pages = {218-226},
   Publisher = {MIT Press - Journals},
   Year = {2003},
   Month = {January},
   url = {http://hdl.handle.net/10161/2003 Duke open
             access},
   Abstract = {We use information from the television game show with the
             highest guaranteed average payoff in the United States,
             Hoosier Millionaire, to analyze risktaking in a high-stakes
             experiment. We characterize gambling decisions under
             alternative assumptions about contestant behavior and
             preferences, and derive testable restrictions on individual
             risk attitudes based on this characterization. We then use
             an extensive sample of gambling decisions to estimate
             distributions of risk-aversion parameters consistent with
             the theoretical restrictions and revealed preferences. We
             find that although most contestants display risk-averse
             preferences, the extent of the risk aversion implied by our
             estimates varies substantially with the stakes involved in
             the different decisions.},
   Doi = {10.1162/rest.2003.85.1.218},
   Key = {fds294323}
}

@article{fds294324,
   Author = {Baier, S and Carlstrom, CT and Chami, R and Cosimano, TF and Fuerst, TS and Fullenkamp, C},
   Title = {Capital trading, stock trading, and the inflation tax on
             equity: A note},
   Journal = {Review of Economic Dynamics},
   Volume = {6},
   Number = {4},
   Pages = {987-990},
   Publisher = {Elsevier BV},
   Year = {2003},
   Month = {January},
   url = {http://hdl.handle.net/10161/2006 Duke open
             access},
   Doi = {10.1016/S1094-2025(03)00035-8},
   Key = {fds294324}
}

@article{fds294322,
   Author = {Chami, R and Fullenkamp, C},
   Title = {The optimal subsidy to private transfers under moral
             hazard},
   Journal = {IMF Staff Papers},
   Volume = {49},
   Number = {2},
   Pages = {242-251},
   Year = {2002},
   Month = {December},
   ISSN = {1020-7635},
   Abstract = {Private income transfers are increasingly viewed as an
             alternative to government income transfers such as social
             insurance and foreign aid. This paper models the incentive
             effects of government-subsidized private transfers and finds
             that although there is a significant welfare benefit to
             subsidizing private transfers, there is also a significant
             welfare cost. It is shown analytically, as well as through
             simulations, that the optimal subsidy to private transfers
             falls when the market reaction is taken into
             consideration.},
   Key = {fds294322}
}

@article{fds294320,
   Author = {Chami, R and Fullenkamp, C},
   Title = {Trust and efficiency},
   Journal = {Journal of Banking and Finance},
   Volume = {26},
   Number = {9},
   Pages = {1785-1809},
   Publisher = {Elsevier BV},
   Year = {2002},
   Month = {August},
   ISSN = {0378-4266},
   url = {http://hdl.handle.net/10161/2040 Duke open
             access},
   Abstract = {Agency problems within the firm are a significant hindrance
             to efficiency. We propose trust between coworkers as a
             superior alternative to the standard tools used to mitigate
             agency problems: increased monitoring and incentive-based
             pay. We model trust as mutual, reciprocal altruism between
             pairs of coworkers and show how it induces employees to work
             harder, relative to those at firms that use the standard
             tools. In addition, we show that employees at trusting firms
             have higher job satisfaction, and that these firms enjoy
             lower labor cost and higher profits. We conclude by
             discussing how trust may also be easier to use within the
             firm than the standard agency-mitigation tools. © 2002
             Elsevier Science B.V. All rights reserved.},
   Doi = {10.1016/S0378-4266(02)00191-7},
   Key = {fds294320}
}

@article{fds324305,
   Author = {Chami, R and Fullenkamp, C},
   Title = {Trust as a Means of Improving Corporate Governance and
             Efficiency},
   Year = {2002},
   Month = {February},
   Key = {fds324305}
}

@article{fds304417,
   Author = {Chami, R and Cosimano, TF and Fullenkamp, C},
   Title = {Managing ethical risk: How investing in ethics adds
             value},
   Journal = {Journal of Banking and Finance},
   Volume = {26},
   Number = {9},
   Pages = {1697-1718},
   Publisher = {Elsevier BV},
   Year = {2002},
   Month = {January},
   ISSN = {0378-4266},
   url = {http://dx.doi.org/10.1016/S0378-4266(02)00188-7},
   Abstract = {In September 1999, the University of Notre Dame hosted a
             conference entitled "Measuring and Managing Ethical Risk:
             How Investing in Ethics Adds Value". The motivations for
             hosting the conference and the papers presented there are
             summarized. Several themes that are present in the papers
             are discussed. These include the gains from combining the
             anthropological approach to business ethics with the
             neoclassical economics approach, the central role of trust
             in business ethics, the role of ethics in the corporation,
             and the function of the legal system in setting and
             enforcing ethical standards for the financial system. ©
             2002 Elsevier Science B.V. All rights reserved.},
   Doi = {10.1016/S0378-4266(02)00188-7},
   Key = {fds304417}
}

@article{fds294321,
   Author = {Fullenkamp, CR},
   Title = {Measuring and Managing Ethical Risk: Why Investing in Ethics
             Adds Value},
   Journal = {Journal of Banking and Finance},
   Volume = {26},
   Number = {9},
   Pages = {1697-1718},
   Year = {2002},
   ISSN = {0378-4266},
   url = {http://dx.doi.org/10.1016/S0378-4266(02)00188-7},
   Abstract = {In September 1999, the University of Notre Dame hosted a
             conference entitled "Measuring and Managing Ethical Risk:
             How Investing in Ethics Adds Value". The motivations for
             hosting the conference and the papers presented there are
             summarized. Several themes that are present in the papers
             are discussed. These include the gains from combining the
             anthropological approach to business ethics with the
             neoclassical economics approach, the central role of trust
             in business ethics, the role of ethics in the corporation,
             and the function of the legal system in setting and
             enforcing ethical standards for the financial system. ©
             2002 Elsevier Science B.V. All rights reserved.},
   Doi = {10.1016/S0378-4266(02)00188-7},
   Key = {fds294321}
}

@article{fds294319,
   Author = {Chami, R and Cosimano, TF and Fullenkamp, C},
   Title = {Capital Trading, Stock Trading, and the Inflation Tax on
             Equity},
   Journal = {Review of Economic Dynamics},
   Volume = {4},
   Number = {3},
   Pages = {575-606},
   Publisher = {Elsevier BV},
   Year = {2001},
   Month = {July},
   url = {http://hdl.handle.net/10161/2050 Duke open
             access},
   Abstract = {A market for used capital goods, or financial instruments
             that represent the ownership of the used capital goods,
             induces inflation taxes on wealth and on the nominal income
             flows that they provide. This paper explicitly introduces
             trading in either used capital goods or financial
             instruments into the standard stochastic growth model with
             money and production. These two monetary economies are
             equivalent. The value of the firm is equal to the firm's
             capital stock divided by inflation. The resulting
             asset-pricing conditions indicate that the effect of
             inflation on asset returns differs from the effects found in
             the literature by the addition of a significant wealth tax.
             Journal of Economic Literature Classification Numbers: E0,
             E4, E5. © 2001 Academic Press.},
   Doi = {10.1006/redy.2001.0129},
   Key = {fds294319}
}

@article{fds324311,
   Author = {Chami, R and Cosimano, TF and Fullenkamp, C},
   Title = {The Stock Market Channel of Monetary Policy},
   Journal = {IMF Working Paper},
   Number = {99},
   Year = {1999},
   Month = {February},
   Key = {fds324311}
}

@article{fds294318,
   Author = {Chami, R and Fullenkamp, C},
   Title = {The market value of family values},
   Journal = {Cato Journal},
   Volume = {16},
   Number = {3},
   Pages = {339-350},
   Year = {1997},
   Month = {December},
   ISSN = {0273-3072},
   url = {http://hdl.handle.net/10161/2024 Duke open
             access},
   Key = {fds294318}
}


%% Chapters in Books   
@misc{fds367757,
   Author = {Chami, R and Cosimano, T and Fullenkamp, C and Berzaghi, F and Español-Jiménez, S and Marcondes, M and Palazzo,
             J},
   Title = {The Value of Nature to Our Health and Economic Well-Being: A
             Framework with Application to Elephants and
             Whales},
   Journal = {Springer Proceedings in Business and Economics},
   Pages = {117-162},
   Year = {2022},
   Month = {January},
   ISBN = {9783031103018},
   url = {http://dx.doi.org/10.1007/978-3-031-10302-5_7},
   Abstract = {We develop a framework for natural resource valuation that
             directly addresses the fundamental collective action problem
             in environmental protection. Our framework uses the lessons
             of behavioral economics to create values that individual
             decision makers find credible and relatable, in addition to
             stimulating excitement or concern that is essential to
             prompting action. We then apply this framework to value
             forest elephants in Africa and great whales that are found
             off the coasts of Brazil and Chile. The values we estimate
             for individual members of these species are significant:
             $1.75 million per forest elephant and an average of $2
             million per whale. We discuss how our valuations lead to new
             designs for environmental preservation and restoration
             policies.},
   Doi = {10.1007/978-3-031-10302-5_7},
   Key = {fds367757}
}

@misc{fds358744,
   Author = {Barajas, A and Chami, R and Fullenkamp, C},
   Title = {The state of finance in fragile states},
   Pages = {186-208},
   Booktitle = {Macroeconomic Policy in Fragile States},
   Year = {2021},
   Month = {January},
   ISBN = {9780198853091},
   url = {http://dx.doi.org/10.1093/oso/9780198853091.003.0007},
   Abstract = {This chapter describes the state of financial development in
             fragile states. Our analysis primarily relies on indicators
             from the World Bank Global Financial Development Database,
             which have been used extensively in the literature to
             capture the degree to which financial services and
             activities are present in an economy (depth) and the extent
             to which they are disseminated and made available to the
             population (inclusion). We find that financial depth in
             fragile states is underdeveloped and financial inclusion is
             low, but with significant heterogeneity among fragile
             states. We conduct empirical exercises which suggest that
             fragility is negatively related to financial development,
             both in terms of depth and especially in terms of inclusion,
             and exercises that also point to certain aspects of
             fragility most associated with financial underperformance.
             Finally, we use a benchmarking exercise to estimate how much
             financial underdevelopment in fragile states is costing
             them, in terms of economic growth.},
   Doi = {10.1093/oso/9780198853091.003.0007},
   Key = {fds358744}
}

@misc{fds358745,
   Author = {Chami, R and Ernst, E and Fullenkamp, C and Oeking,
             A},
   Title = {Do financial flows make a differencein fragile
             states?},
   Pages = {448-492},
   Booktitle = {Macroeconomic Policy in Fragile States},
   Year = {2021},
   Month = {January},
   ISBN = {9780198853091},
   url = {http://dx.doi.org/10.1093/oso/9780198853091.003.0015},
   Abstract = {A rising number of people is living in fragile countries
             whose weak institutions fail to deliver on decent work and
             poverty reduction. The chapter discusses to what extent
             external financial flows, such as remittances, foreign
             direct investment or official development aid, can
             substitute for weak institutions. Fragility matters: fragile
             countries receive different amounts of financial flows than
             their non-fragile peers, and these flows affect them
             differently. Fragility lowers the effect of financial flows
             on growth, living standards and inequality. Foreign direct
             investment (FDI) has a moderate impact on poverty
             alleviation, albeit concentrated on employment gains in
             mining and natural resources. Remittances provide some weak
             relief for the poor, with less pernicious effects on growth
             and labour supply than in non-fragile countries. ODA does
             not improve social outcomes but rather exacerbates
             fragility. Policymakers should focus on improving upon the
             positive contribution of FDI and remittances on jobs and
             growth, avoiding the remittances trap.},
   Doi = {10.1093/oso/9780198853091.003.0015},
   Key = {fds358745}
}


%% Working Papers   
@article{fds27480,
   Author = {C.R. Fullenkamp and Ralph Chami and Sunil Sharma},
   Title = {“Toward a Framework for Financial Market
             Development},
   Publisher = {IMF Institute - mimeo},
   Year = {2004},
   Key = {fds27480}
}

@article{fds27482,
   Author = {C.R. Fullenkamp and Thomas Cosimano and Richard
             Sheehan},
   Title = {An Examination of Deposit Rate Setting by Large Financial
             Institutions},
   Year = {2004},
   Key = {fds27482}
}

@article{fds27484,
   Author = {C.R. Fullenkamp and Ralph Chami and Thomas Cosimano},
   Title = {The Stock Market Channel of Monetary Policy},
   Publisher = {IMF Working Paper},
   Year = {1999},
   Month = {March},
   Key = {fds27484}
}


%% Other   
@misc{fds27478,
   Author = {C.R. Fullenkamp and Ralph Chami and Sunil Sharma},
   Title = {and Instruments for Sequencing the Development of Financial
             Markets},
   Year = {2003},
   Month = {December},
   Key = {fds27478}
}

@misc{fds27479,
   Author = {C.R. Fullenkamp and Ralph Chami},
   Title = {The Economics of Private, Nonmarket Insurance and the
             Faith-Based Initiative},
   Journal = {The Actuary},
   Year = {2002},
   Month = {April},
   Key = {fds27479}
}


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