Faculty and Research

Books

Froot, Kenneth A., ed. The Financing of Catastrophe Risk. Chicago: University of Chicago Press, 1999.

Crane, D. B., K. A. Froot, Scott P. Mason, André Perold, R. C. Merton, Z. Bodie, E. R. Sirri, and P. Tufano. The Global Financial System: A Functional Perspective. Boston: Harvard Business School Press, 1995.

Blanchard, O., K. Froot, and J. Sachs, eds. The Transition in Eastern Europe. Vol. 2. Chicago: University of Chicago Press, 1994.

Blanchard, O., K. Froot, and J. Sachs, eds. The Transition in Eastern Europe. Vol. 1. Chicago: University of Chicago Press, 1993.

Froot, K., ed. Foreign Direct Investment. Chicago: University of Chicago Press, 1993.

Froot, K., S. Claessens, I. Diwan, and P. Krugman. Market-Based Debt Reduction for Developing Countries: Principles and Prospects. Washington, D.C.: World Bank (IBRD), 1991.

Published Papers

Froot, Kenneth A., and Melvyn Teo. "Style Investing and Institutional Investors." Journal of Financial and Quantitative Analysis 43, no. 4 (December 2008): 883-906. (Revised from “Equity Style Returns and Institutional Investor Flows,” Harvard Business School Working Paper No. 04-048, June 2004.)

Froot, Kenneth A. "The Intermediation of Financial Risks: Evolution in the Catastrophe Reinsurance Market." Risk Management & Insurance Review 11, no. 2 (fall 2008): 281-294.

Froot, K. A., and T. Ramadorai. "Institutional Portfolio Flows and International Investments." Review of Financial Studies 21, no. 2 (April 2008): 937-971. (Formerly “The Information Content of International Portfolio Flows,” revised from NBER Working Paper No. 8472, September 2001, Harvard Business School Working Paper No. 03-006, 2002, revised December 2005.)

Froot, K. A., and P. O'Connell. "On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance." Special Issue on Dynamics of Insurance Markets: Structure, Conduct, and Performance in the 21st Century. Journal of Banking and Finance 32, no. 1 (January 2008): 69-85. (Revised from NBER Working Paper No. 6011, April 1997, Harvard Business School Working Paper No. 98-024, 1997.)

Froot, K. A. "Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers." Journal of Risk and Insurance 74, no. 2 (June 2007): 273-299. (Winner of the 2008 Robert C. Witt Award of the American Risk and Insurance Association. Revised from NBER Working Paper no. 10184, Harvard Business School Working Paper no. 04-035, December 2003.)

Froot, K. A., and T. Ramadorai. "Currency Returns, Intrinsic Value, and Institutional Investor Flows." Journal of Finance 60, no. 3 (June 2005): 1535-1566. (Revised from NBER Working Paper no. 9101, August 2002 and Harvard Business School Working Paper no. 04-036, December 2003.)

Froot, Kenneth A., and J. Tjornhom Donohue. "Decomposing the Persistence of International Equity Flows." Finance Research Letters 1, no. 3 (September 2004): 154-170. (Revised from NBER Working Paper no. 9079, July 2002, Harvard Business School Working Paper no. 03-005, July 2002.)

Froot, K. A., and J. Donohue. "The Persistence of Emerging Market Equity Flows." Emerging Markets Review 3, no. 4 (December 2002): 338-364. (Revised from NBER Working Paper no. 9241, HBS Working Paper no. 03-035, September 2002.)

Froot, K. A., and S. Posner. "The Pricing of Event Risks with Parameter Uncertainty." The Geneva Papers on Risk and Insurance 27, no. 2 (December 2002): 153-165. (Revised from NBER Working Paper no. 8106, February 2001.)

Froot, K. A. "The Market for Catastrophe Risk: A Clinical Examination." Journal of Financial Economics 60, nos. 2-3 (May - June 2001): 529-571. (Revised from NBER Working Paper No. 8110, February 2001. Reprinted in The Economics of Natural Hazards, part of the International Library of Critical Writings in Economics series edited by Mark Blaug, Edward Elgar Publishing Limited, 2003.)

Froot, K. A., P. O'Connell, and M. Seasholes. "The Portfolio Flows of International Investors." Journal of Financial Economics 59, no. 2 (February 2001): 151-193. (Revised from NBER Working Paper No. 6687 and HBS Working No. Paper 99-006, July 1998. Summarized in the NBER Reporter, 2000. Reprinted in International Capital Markets, R. Stulz and A. Karolyi, eds. Edward Elgar Publishing, 2003.)

Froot, K. A. "The Evolving Market for Catastrophe Event Risk." Risk Management and Insurance Review 2, no. 3 (fall 1999): 1-28. (Reprinted in Risk Management: The State of the Art, edited by S. Figlewski and R. Levich, Kluwer Academic Publishers, 2001.)

Froot, K. A., and E. Dabora. "How Are Stock Prices Affected by the Location of Trade?" Journal of Financial Economics 53, no. 2 (August 1999): 189-216. (Reprinted in International Capital Markets, R. Stulz and A. Karolyi, eds. Edward Elgar Publishing, 2003. Also reprinted in Advances in Behavioral Finance, Vol. 2, edited by Richard Thaler. New Jersey: Princeton University Press; New York: Russell Sage Foundation, July 2005.)

Froot, K. A., and J. Stein. "A New Approach to Capital Budgeting for Financial Institutions." Journal of Applied Corporate Finance 11, no. 2 (summer 1998): 59-69.

Froot, K. A., and J. Stein. "Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach." Journal of Financial Economics 47, no. 1 (January 1998): 55-82. (Winner of the 1998 Journal of Financial Economics Jensen First Prize for Corporate Finance and Organizations. Revised from NBER Working Paper No. 5403, January 1996 and HBS Working Paper 96-030, December 1995.)

Froot, K. A. "Hedging Portfolios with Real Assets." Journal of Portfolio Management (summer 1995): 60-77. (Revised from Harvard Business School Working Paper No. 95-045, September 1993.)

Froot, K. A., B. Murphy, A. Stern, and S. Usher. "The Emerging Asset Class: Insurance Risk." Viewpoint 24, no. 3 (summer 1995): 19-28. (Was originally "Special Report from Guy Carpenter and Company, Inc.," July 1995.)

Engel, C., J. Frankel, Kenneth A. Froot, and T. Rodrigues. "Tests of Conditional Mean-Variance Efficiency of the U.S. Stock Market." Journal of Empirical Finance 2 (March 1995). (Revised from NBER Working Paper Nos. 2890 and 4292, "Conditional Mean-Variance Efficiency of the U.S. Stock Market," March 1993.)

Froot, Kenneth A., and André F. Perold. "New Trading Practices and Short-Run Market Efficiency." Journal of Futures Markets 15, no. 7 (October 1995): 731-766. (Revised from NBER Working Paper No. 3498.)

Froot, K. A., David S. Scharfstein, and J. Stein. "A Framework for Risk Management." Harvard Business Review 72, no. 6 (November-December 1994): 59-71. (Revised from "Developing a Risk Management Strategy," Harvard Business School Working Paper No. 95-021. Reprinted in Journal of Applied Corporate Finance 7 (fall 1994): 22-32; Marsh & McLennan Companies' Viewpoint 24 (spring 1995): 21-37; and in Corporate Risk: Strategies and Management, edited by Greg Brown and Don Chew, London: Risk Books, December 1999.)

Froot, K. A., David S. Scharfstein, and J. Stein. "Risk Management: Coordinating Corporate Investment and Financing Policies." Journal of Finance 48, no. 5 (December 1993): 1629-1658. (Revised from NBER Working Paper No. 4084, February 1993. Reprinted in RAE-Revista de Administração de Empresas, Management Journal of Fundação Getulio Vargas (FGV-EAESP), Business School for Administration in Sao Paulo, Brazil, volume no. 48, issue no. 1 (January-March 2008): 87-118. Reprinted in Insurance and Risk Management, Volume II, Corporate Risk Management, Part I: Theory on Why and How Firms Manage Risk, Chapter 3, edited by Gregory R. Niehaus, UK: Edward Elgar Publishing Ltd. (October 2008). Also in M.J. Brennan, The Theory of Corporate Finance from The International Library of Critical Writings in Financial Economics, edited by R. Roll, 1995; and in Merton Miller and Chris Culp, eds. Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, Risk Books, 1999.)

Froot, K. A. "On the Speculative Efficiency of the Foreign Exchange Market." Cuadernos Economicos de ICE (March 1993): 7-30.

Baty, G., W. Bygrave, D. Chew, P. Finegan, K. A. Froot, T. Gray, J. Kensiger, G. W. Loveman, S. Magee, and J. Martin. "Roundtable on U.S. Risk Capital and Innovation (With a Look at Eastern Europe)." Journal of Applied Corporate Finance 4, no. 4 (winter 1992): 48-78.

Froot, Kenneth, David S. Scharfstein, and Jeremy Stein. "Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation." Journal of Finance 47, no. 4 (September 1992): 1461-1484. (Revised from NBER Working Paper No. 3250, February 1990.)

Froot, Kenneth A., André F. Perold, and J. Stein. "Shareholder Trading Practices and Corporate Investment Horizons." Continental Bank Journal of Applied Corporate Finance 5, no. 2 (summer 1992): 42-58.

Froot, Kenneth A., and M. Obstfeld. "Intrinsic Bubbles: The Case of Stock Prices." American Economic Review 81, no. 5 (December 1991): 1189-1214. (Revised from NBER Working Paper No. 3091. Reprinted in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham: Edward Elgar Publishing, 2001.)

Froot, K. A., and Jeremy Stein. "Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach." Quarterly Journal of Economics 106 (November 1991): 1191-1217. (Revised from NBER Working Paper No. 2914, March 1989.)

Froot, K. A., and M. Obstfeld. "Exchange-rate Dynamics under Stochastic Regime Shifts: A Unified Approach." Journal of International Economics 31 (November 1991): 203-230. (Revised from NBER Working Paper No. 2835, February 1989.)

Froot, K. A., and M. Obstfeld. "Stochastic Process Switching: Some Simple Solutions." Econometrica 59 (January 1991): 241-250. (Revised from NBER Working Paper No. 2998, July 1989. Reprinted in Exchange Rates and Currency Bonds, edited by P. Krugman and M. Miller. London: CEPR, 1991.)

Froot, Kenneth A., and D. B. Yoffie. "Strategic Trade Policies in a Tripolar World." The International Spectator 26 (July-September 1991): 3-28. (Reprinted in The Political Economy of International Cooperation, NIRA Research Output, 5, 1992.)

Froot, K. A. "U.S.--Japan Trade Developments." Part 1. Kinyu Journal 9 (1991): 55-61. (Part 2 appeared in Kinyu Journal 10 (1991): 45-49.)

Froot, K. A., and R. Thaler. "Anomalies: Foreign Exchange." Journal of Economic Perspectives 4, no. 3 (June-August 1990): 179-192. (Reprinted in Current Issues in the International Economy: A Reader, edited by L. Goldberg and M. Klein. New York: Harper Collins, 1992; Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham: Edward Elgar, 2001; and in Open Economy Macroeconomics, Volume II, Part I, Article 4 edited by Norman Miller. Cheltenham, U.K. and Northampton, Mass., U.S.: Edward Elgar, 2006.)

Frankel, J., and K. A. Froot. "Chartists, Fundamentalists, and Trading in the Foreign Exchange Market." American Economic Review 80, no. 2 (May 1990): 181-185. (Reprinted in New Developments in Exchange Rate Economics, edited by L. Sarno and M. Taylor. Edward Elgar, 2001; and in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Edward Elgar, 2001.)

Perold, André F., Kenneth A. Froot, and James F. Gammill Jr. "New Trading Practices and the Short-run Predictability of the S&P 500." Market Volatility and Investor Confidence, Report to the Board of Directors of the New York Stock Exchange, Inc. (June 7, 1990): G1: 1-27.

Froot, K. A., D. Scharfstein, and J. Stein. "LDC Debt: Forgiveness, Indexation, and Investment Incentives." Journal of Finance 44, no. 5 (December 1989): 1335-1350. (Revised from NBER Working Paper No. 2541.)

Froot, K. A., and T. Ito. "On the Consistency of Short-Run and Long-Run Exchange Rate Expectations." Journal of International Money and Finance 8, no. 4 (December 1989): 487-510. (Revised from NBER Working Paper No. 2577, May 1988.)

Froot, K. A. "Consistent Covariance Matrix Estimation with Cross-Sectional Dependence and Heteroskedasticity in Cross-Sectional Financial Data." Journal of Financial and Quantitative Analysis 24 (September 1989): 333-355. (Revised from NBER Technical Working Paper No. 62.)

Froot, K. A., and P. Klemperer. "Exchange Rate Pass-Through When Market Share Matters." American Economic Review 79, no. 4 (September 1989): 637-654. (Revised from NBER Working Paper No. 2542.)

Froot, K. A. "New Hope for the Expectations Hypothesis of the Term Structure of Interest Rates." Journal of Finance 44 (June 1989): 283-305. (Revised from NBER Working Paper No. 2363. Reprinted in Behavioral Finance, edited by H. Shefrin, part of the International Library of Critical Writings in Financial Economics, edited by R. Roll. London: Edward Elgar, 2000.)

Froot, K. A. "Asset Price Expectations: A Summary." NBER Reporter (spring 1989).

Froot, K. A. "Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief." International Economic Review 30, no. 1 (February 1989): 49-70. (Revised from NBER Working Paper No. 2675, July 1988. Translated into Spanish in Estudios Economicos 4 (July 1989): 31-60.)

Froot, K. A., and J. Frankel. "Forward Discount Bias: Is it an Exchange Risk Premium?" Quarterly Journal of Economics 104, no. 1 (February 1989): 139-161. (Revision of "Findings of Forward Discount Bias Interpreted in Light of Exchange Rate Survey Data," NBER Working Paper No. 1963 and Sloan Working Paper No. 1906-87, August 1987. Reprinted in Advances in Behavioral Finance, edited by Richard Thaler. New York: Russell Sage Foundation, 1993: 359-382 and in Speculation and Financial Markets, edited by M. Taylor and L. Gallagher. Cheltenham: Edward Elgar Publishing, 2001.)

Froot, K. A. "Credibility, Real Interest Rates, and the Optimal Speed of Trade Liberalization." Journal of International Economics 25, nos. 1-2 (August 1988): 71-93. (Revised from NBER Working Paper No. 2358.)

Frankel, J., and K. A. Froot. "Short-term and Long-term Expectations of the Yen/Dollar Exchange Rate: Evidence from Survey Data." Journal of the Japanese and International Economies 1 (September 1987): 249-274. (Revised from NBER Working Paper No. 2216.)

Frankel, J., and K. A. Froot. "Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations." American Economic Review 77, no. 1 (March 1987): 133-153. (Revised from NBER Working Paper No. 1672.)

Froot, K. A. "Review of How Open is the U.S. Economy? edited by R.W. Hafer. Lexington Books, 1986." Journal of International Economics 23 (1987): 389-391.

Frankel, J., and K. A. Froot. "Understanding the U.S. Dollar in the Eighties: The Expectations of Chartists and Fundamentalists." Special Issue. Economic Record (December 1986): 24-38. (Reprinted in Exchange Rate Economics, vol. I, edited by R. MacDonald and M. Taylor, International Library of Critical Writings in Economics,” Edward Elgar Publishing, U.K., 1992.)

Frankel, J., and K. A. Froot. "The Dollar as an Irrational Speculative Bubble: A Tale of Fundamentalists and Chartists." Marcus Wallenberg Papers in International Finance 1 (1986): 27-55. (Revised from NBER Working Paper No. 1854.)

Book Chapters

Froot, Kenneth A. "Lessons for the Current Financial Crisis from Catastrophe Reinsurance." In The Irrational Economist: Making Decisions in a Dangerous World, edited by Erwann Michel-Kerjan and Paul Slovic. New York: Public Affairs Books, forthcoming. Abstract

Froot, K. "The Limited Financing of Catastrophe Risk: An Overview." In The Financing of Catastrophe Risk, edited by K. Froot, 1-22. University of Chicago Press, 1999. (Revised from NBER Working Paper No. 6025, May 1997, and HBS Working Paper No. 98-023, September 1997.)

Froot, K., and P. O'Connell. "The Pricing of US Catastrophe Reinsurance." In The Financing of Catastrophe Risk, edited by K. Froot, 195-232. University of Chicago Press, 1999. (Revised from NBER Working Paper No. 6043, May 1997, and HBS Working Paper No. 98-018, September 1997.)

Froot, K. A. Comment on "Regional Patterns in the Law of One Price." The Regionalization of the World Economy, edited by J. Frankel, 184-186. University of Chicago Press, 1998.

Froot, K. A. Comment on "The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock." International Corporate Taxation, edited by J. Hines. University of Chicago Press, 1996.

Froot, K., and K. Rogoff. "Perspectives on PPP and Long-Run Real Exchange Rates." Chap. 32 in Handbook of International Economics, edited by G. M. Grossman and K. Rogoff, 1647-1688. Elsevier Science Publishers B.V./North Holland Press, 1995. (Revised from Harvard Business School Working Paper No. 95-038.)

Froot, K. "Incentive Problems in Financial Contracting: Impacts on Corporate Financing, Investment, and Risk Management Policies." Chap. 7 in The Global Financial System: A Functional Perspective, edited by Dwight B. Crane, Kenneth A. Froot, Scott P. Mason, André F. Perold, Robert C. Merton, Zvi Bodie, Erik R. Sirri and Peter Tufano, 225-261. Boston: Harvard Business School Press, 1995. (Revised from Harvard Business School Working Paper No. 95-020.)

Froot, K. "Interest Allocation Rules, Financing Patterns, and the Operations of US Multinationals." In The Effects of International Taxation on Multinational Corporations, edited by M. Feldstein, J. Hines and G. Hubbard, 277-307. University of Chicago Press, 1995. (Also featured in The NBER Digest, November 1994. Revised from NBER Working Paper No. 4924.)

Froot, K., and J. Hines. "The Tax Treatment of Interest and the Operations of U.S. Multinationals." In Taxing Multinational Corporations, edited by M. Feldstein, J. Hines and G. Hubbard, 81-93. University of Chicago Press, 1995.

Froot, K. A. Comment on "Economic Crises: Necessary for Trade Liberalization and Fiscal Reform?" Stabilization, Economic Reform and Growth, edited by R. Dornbusch and S. Edwards, 73-75. University of Chicago Press, 1994.

Froot, K., and J. Campbell. "Securities Transaction Taxes: What about International Experiences Migrating Markets?" In Transaction Taxes: False Hopes and Unintended Consequences. Chicago: Irwin Professional Publishing, 1994. (Reprinted in Inversión y Finanzas, 1996.)

Froot, K. A., and J. Campbell. "International Experiences with Securities Transaction Taxes." In The Internationalization of Equity Markets, edited by J. Frankel, 277-308. University of Chicago Press, 1994. (Revised from NBER Working Paper No. 4587, December 1993; also featured in The NBER Digest, May 1994.)

Froot, K. "Foreign Direct Investment in Eastern Europe: Some Economic Considerations." In The Transition in Eastern Europe, edited by O. Blanchard, K. Froot and J. Sachs, 293-318. Chicago: University of Chicago Press, 1994.

Froot, K. A., O. Blanchard, and J. Sachs. "Introduction and Overview: The Transition Economies of Eastern Europe." In The Transition in Eastern Europe, edited by O. Blanchard, K. Froot and J. Sachs, 1-18. Chicago: University of Chicago Press, 1994.

Froot, K. A. Comment on "Exchange Rates and Corporate Strategic Management." Exchange Rates and Corporate Performance, edited by Y. Amihud and R. Levich, 253-256. New York: New York University, Salomon Center, Irwin, 1994.

Froot, K. A., and D. B. Yoffie. "Trading Blocs and the Incentive to Protect: Implications for Japan and East Asia." In Regionalism and Rivalry: Japan and the U.S. in Pacific Asia, edited by J. A. Frankel and M. Kahler, 125-156. Chicago: University of Chicago Press, 1993.

Froot, K. A. "U.S.-Japan Trade Today." In U.S.-Japan Economic Forum. Vol. 2, edited by M. Feldstein and Y. Kosai. National Bureau of Economic Research and Japan Center for Economic Research, 1992.

Frankel, J., and K. A. Froot. "Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market." In International Business Reader, edited by D. Duta. London: Oxford University Press, 1992. (Revised from IMF Working Paper No. 90/43.)

Froot, K. A., and K. Rogoff. "The EMS, the EMU and the Transition to a Common Currency." In Macroeconomics Annual 1991, edited by O. Blanchard and S. Fischer, 269-327. Cambridge: MIT Press, 1992. (Revised from NBER Working Paper No. 3684, January 1992.)

Froot, K. A. "Japanese Foreign Direct Investment." In U.S.-Japan Economic Forum. Vol. 1, edited by M. Feldstein and Y. Kosai. National Bureau of Economic Research and Japan Center for Economic Research, 1991. (Revised from NBER Working Paper No. 3737, June 1991.)

Frankel, J., and K. A. Froot. "Chartists, Fundamentalists, and the Demand for Dollars." In Private Behavior and Government Policy in Interdependent Economies, edited by Anthony Courakis and Mark Taylor, 73-128. Oxford: Clarendon Press, 1990. (Reprinted in Greek Economic Review 10 (June 1988): 49-102; and translated in Cuadernos Economicos de ICE, No. 38 (1988): 195-242.)

Froot, K. A. "Comment on 'The Impact of the Tax Reform Act of 1986 on Foreign Direct Investment to and from the United States'." In Do Taxes Matter? The Impact of the Tax Reform Act of 1986, edited by J. Slemrod, 198-200. Cambridge, Mass.: MIT Press, 1990.

Froot, K. A. "Multinational Corporations, Exchange Rates, and Direct Investment." In International Policy Coordination and Exchange Rate Fluctuations, edited by W. Branson, J. Frankel and M. Goldstein, 307-346. Chicago: University of Chicago Press, 1990.

Froot, K. A. "Labor Market Distortions as a Case for Export Subsidies: Comment on Katz and Summers." In Trade Policies for International Competitiveness, edited by R. Feenstra, 117-120. Chicago: University of Chicago Press, 1989.

Froot, K. A. "Do the Secondary Markets Believe in Life after Debt? A Comment on Hajivassiliou." In Dealing with the Debt Crisis, edited by I. Husain and I. Diwan, 293. Washington, D.C.: World Bank, 1989.

Froot, K. A. "Adjustment of the U.S. and Japanese External Imbalances." In Fourth Economic Planning Agency International Symposium, edited by M. Yoshitomi, 287-304. Economic Planning Agency of Japan, 1988.

Frankel, J., and K. A. Froot. "Explaining the Demand for Dollars: International Rates of Return, and the Expectations of Chartists and Fundamentalists." In Macroeconomics, Agriculture, and the Exchange Rate, edited by R. Chambers and P. Paarlberg, 25-88. Boulder, Colo.: Westview Press, 1988.

Other Papers

Froot, K., G. Venter, and J. Major. "Capital and Value of Risk Transfer." Presented at Actuarial Approach for Financial Risks (AFIR) Colloquium, Boston, MA, November, 2004.

Froot, Kenneth A., and Paul G. J. O'Connell. "The Risk Tolerance of International Investors." Harvard Business School Working Paper, No. 04-034, 2003. (Also NBER Working Paper No. 10157, December 2003.)

Froot, K. A. "Bank Capital and Risk Management: Issues for Banks and Regulators." International Financial Risk Research Paper Series, No. 8, 2001.

Froot, K. A., M. Kim, and K. Rogoff. "The Law of One Price Over 700 Years." Working Paper, 2001. (Also NBER Working Paper No. 5132, May 1995.)

Froot, Kenneth, and André F. Perold. "The Determinants of Optimal Currency Hedging." Harvard Business School Working Paper, No. 97-011, 1996.

Froot, K. A., and J. Hines. "Interest Allocation Rules and the Changing Cost of Debt Finance." Harvard University, 1994.

Froot, K. A., and J. Hines. "Losing Interest: Interest Allocation Rules and the Cost of Debt Finance." Harvard University, 1994.

Froot, K. A. "Currency Hedging Over Long Horizons." Working Paper, No. 4355, National Bureau of Economic Research, 1993 (Featured in the NBER Digest, October 1993.)

Froot, K. A., and K. Rogoff. "Government Consumption and the Real Exchange Rate: The Empirical Evidence." Harvard University, 1992.

Froot, K. A. "Short Rates and Expected Asset Returns." NBER Working Paper Series, No. 3247, 1990.

Froot, K. A. "Tests of Excess Forecast Volatility in the Foreign Exchange and Stock Markets." NBER Working Paper Series, No. 2362, 1987.

Froot, K. A. "Currency Values in a Continuous Time Capital Asset Pricing Model Driven by Asset Supplies." Massachusetts Institute of Technology, 1986.

Froot, K. A., and S. van Wijnbergen. "Capital Flight, Policy Credibility, and the Option Value of Foreign Exchange." Massachusetts Institute of Technology, 1986.

HBS Course Materials

Froot, Kenneth A., and Matthew McBrady. "1994-95 Mexican Peso Crisis, The." Harvard Business School Case 296-056.

Froot, Kenneth A., and Xin Chen. "Alco Holdings Limited." Harvard Business School Case 294-131.

Froot, Kenneth A., and Heidi Cruz. "American International Group, Inc." Harvard Business School Case 200-026.

Froot, Kenneth A., and David Lane. "BlackRock Money Market Management in September 2008 (A)." Harvard Business School Case 209-101.

Froot, Kenneth A., and David Lane. "BlackRock Money Market Management in September 2008 (B)." Harvard Business School Supplement 209-139.

Froot, Kenneth A., and Ivan G. Farman. "Collateralized Loan Obligations and the Bistro Trust." Harvard Business School Case 299-016.

Froot, Kenneth A., and Ivan G. Farman. "Commercial Financial Services, Inc.: Securitization of Charged-off Credit Card Receivables." Harvard Business School Case 299-023.

Froot, Kenneth A., and W. Carl Kester. "Cross-Border Valuation." Harvard Business School Note 295-100.

Froot, Kenneth A., Matthew McBrady, and Mark Seasholes. "Futures on the Mexican Peso." Harvard Business School Case 296-004.

Jin, Li, Kenneth A. Froot, and Si Ping May Yu. "Geeli." Harvard Business School Case 206-105.

Jin, Li, and Kenneth A. Froot. "Geeli (TN)." Harvard Business School Teaching Note 207-074.

Froot, Kenneth A., and Li Jin. "Geeli Exhibits." Harvard Business School Spreadsheet Supplement 206-710.

Froot, Kenneth A., and Maciej Cuchra. "Global Equity Markets: The Case of Royal Dutch and Shell TN." Harvard Business School Teaching Note 201-093.

Froot, Kenneth A., and Andre F. Perold. "Global Equity Markets: The Case of Royal Dutch and Shell." Harvard Business School Case 296-077.

Froot, Kenneth A., and Alberto Moel. "Grupo Sidek (A)." Harvard Business School Case 297-022.

Froot, Kenneth A., and Alberto Moel. "Grupo Sidek (B)." Harvard Business School Case 297-023.

Froot, Kenneth A., Peter A. Hecht, and Christopher Edward James Payton. "Innovation at the Treasury: Treasury Inflation-Protection Securities (A)." Harvard Business School Case 204-112.

Froot, Kenneth A., Peter A. Hecht, and Christopher Edward James Payton. "Innovation at the Treasury: Treasury Inflation-Protection Securities (B)." Harvard Business School Case 204-113.

Froot, Kenneth A., Peter A. Hecht, and Christopher E.J. Payton. "Innovation at the Treasury: Treasury Inflation-Protection Securities (TN) (A) and (B)." Harvard Business School Teaching Note 205-015.

Froot, Kenneth A. "Intel Corp.--1992." Harvard Business School Case 292-106.

Froot, Kenneth A. "Intel Corporation, 1992 TN." Harvard Business School Teaching Note 294-018.

Froot, Kenneth A., Jay O. Light, and Jon Headley. "Investing in China." Harvard Business School Case 295-025.

Froot, Kenneth A., Jay O. Light, and Nancy Donohue. "Investment Linked to Commodity Futures." Harvard Business School Case 293-017.

Froot, Kenneth A. "La Nacional and the Huites Dam Project." Harvard Business School Case 293-138.

Perold, Andre F., and Kenneth A. Froot. "Measuring Investment Performance." Harvard Business School Note 208-110.

Froot, Kenneth A., and Markus Mullarkey. "Mid Ocean Limited: Trading Catastrophe Index Options." Harvard Business School Case 298-073.

Froot, Kenneth A., and Markus Mullarkey. "Mid Ocean Limited: Trading Catastrophe Index Options, Teaching Note." Harvard Business School Teaching Note 298-108.

Froot, Kenneth A., and Michael Heinrich. "Nephila: Innovation in Catastrophe Risk Insurance." Harvard Business School Case 206-130.

Froot, Kenneth A., Jay O. Light, and Nancy Donohue. "Note on Commodity Futures." Harvard Business School Note 293-018.

El-Hage, Nabil N., Kenneth A. Froot, and Christopher Edward James Payton. "Pacific Salmon Company, Inc." Harvard Business School Case 205-031.

El-Hage, Nabil N., and Kenneth A. Froot. "Pacific Salmon Company, Inc. (CW)." Harvard Business School Spreadsheet Supplement 205-711.

Froot, Kenneth A. "PepsiCo Bottling in Mexico." Harvard Business School Case 293-137.

Froot, Kenneth A., Peter Tufano, and Chris L Marshall. "Syscom Computers." Harvard Business School Case 295-094.

Froot, Kenneth A., and Mark Seasholes. "Telmex PRIDES." Harvard Business School Case 296-009.

Bergstresser, Daniel Baird, Kenneth A. Froot, and Darren Robert Smart. "UAL 2004: Pulling Out of Bankruptcy (CW)." Harvard Business School Spreadsheet Supplement 205-709.

Bergstresser, Daniel Baird, Kenneth A. Froot, and Darren Robert Smart. "UAL, 2004: Pulling Out of Bankruptcy." Harvard Business School Case 205-090.

Bergstresser, Daniel Baird, Kenneth A. Froot, and Darren Robert Smart. "UAL, 2004: Pulling Out of Bankruptcy (TN)." Harvard Business School Teaching Note 209-128.

Froot, Kenneth A., and Mark Seasholes. "USAA: Catastrophe Risk Financing." Harvard Business School Case 298-007.