Professor David Parsley
David C. Parsley's distinguished record of achievement in the field of international finance spans both the academic and government communities. He joined the Owen faculty in 1990 after serving in the research department of the Federal Reserve Bank of San Francisco. Professor Parsley teaches courses in international management, international finance, and global macroeconomics. Under his supervision, several international management classes have worked on projects in Japan, the Philippines, Spain, and Latin America. His current research is directed in five main areas:
- quantifying globalization using prices, including the factors affecting exchange rate passthrough and the integration of the goods market,
- the importance of deviations from the law of one price in determining real exchange rate movements,
- the relation between aggregate inflation and the variability of relative prices,
- how exchange rates affect cross-border pricing, and
- sovereign credit ratings and international capital flows.
In 2002, Parsley's research ("News Spillovers in the Sovereign Debt Market") with Owen colleague Amar Gande won the Best Paper Award (Fixed Income Category) from the Financial Management Association. Professor Parsley has recently been an invited Research Fellow at the Hong Kong Institute for Monetary Research, the International Monetary Fund, Goëthe University in Germany, and the Central Banks of France and Japan. As an invited fellow, he conducts research into the progress towards global economic integration, and especially the role exchange rate regimes play.
