Katheryn Niles Russ 
Associate Professor
Department of Economics
University of California, Davis


Research Statement

Research Interests

International Trade and Finance, International Monetary Economics. 

Working Papers  

Understanding Markups in the Open Economy (with Beatriz de Blas)
(Under submission, AEJ Macro)
FRBD Institute for Globalization and Monetary Economics Working Paper No.67, also NBER Working Paper No.16587
Previously circulated under the title "Teams of Rivals: Endogenous Markups in a Ricardian World"

Financial Choice in a Non-Ricardian Model of Trade (with Diego Valderrama)
NBER Working Paper No. 15528

In Search of the Armington Elasticity (with Robert C Feenstra and Maurice Obstfeld)

Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity (with Franziska Bremus,
Claudia M. Buch, and Monika Schnitzer), NBER Working Paper No. 19093


All Banks Great, Small, and Global: Loan Pricing and Foreign Competition (with Beatriz de Blas)
Forthcoming, International Review of Economics and Finance, NBER Working Paper No. 16029
Previous version: FDI in the Banking Sector

A Theory of Bank versus Bond Finance and Intra-Industry Reallocation (with Diego Valderrama)
Journal of Macroeconomics 34(3) 2012: 652-673, NBER Working Paper No. 15454

Exchange Rate Volatility in a Simple Model of Firm Entry and FDI (with Thomas Lubik)
Economic Quarterly 98(1), 2012: 51-–76
Previously circulated under the title "Entry, Multinational Firms, and Exchange Rate Volatility"

Exchange Rate Volatility and First-Time Entry by Multinational Firms
Review of World Economics 148(2), 2012: 269-295, NBER Working Paper No. 13659

The New Theory of Foreign Direct Investment
International Finance 12(1), 2009: 107-119

The Endogeneity of the Exchange Rate as a Determinant of FDI: A Model of Money, Entry, and Multinational Firms
Journal of International Economics 71(2), 2007: 344-372 (for Technical Appendix click here) (ppt slides)(pdf slides)

Exchange Rate Regimes and Foreign Direct Investment (for Technical Appendix click here )
In Exchange Rates, Economic Integration and the International Economy, edited by Leo Michelis and Mark Lovewell, APF
Press 2004: 169-198

Hymer's Multinationals (with Beatriz de Blas)
Forthcoming, Journal of Economic Behavior and Organization

Websites maintained via the MyUCDavis network  

ECN 160A International Microeconomics
ECN 160B International Macroeconomics
ECN 162 International Economic Relations
ECN 171 Economy of East Asia
ECN 190 Financial Crises in East Asia
ECN 260E Topics in International Trade: Heterogeneity in General Equilibrium Modeling