Reid W. Click

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Reid W. Click

Associate Professor of International Business; Associate Professor of International Affairs


Email: Reid W. Click
Office Phone: (202) 994-0656
2201 G Street NW, Suite 401-P Washington, DC 20052

Reid W. Click is an associate professor of international business and international affairs at the George Washington University School of Business in Washington, D.C., where he teaches courses in international financial management, macroeconomics for the global economy, international economics, and finance for development.

Professor Click is an expert on international financial risk and risk management. His academic research is predominantly empirical, and examines exchange rates and exchange rate risk; political risk; the integration of financial markets; and international valuation. His research has been published in leading journals, including the Journal of International Business Studies. He is currently serving as an associate editor in the field of international finance for the Journal of Asian Economics.

Dr. Click has served in several leadership positions. He served as the director of the George Washington Center for International Business Education and Research (GW-CIBER), part of the national CIBER network funded by a grant from the U.S. Department of Education from 2011 to 2016. He was the founding director of the IFC/Milken Institute Capital Markets Program at the George Washington University from 2015 to 2017. He previously served as chairman of GW’s renowned Department of International Business from 2005 to 2009. Since 2012, Dr. Click has also run eight student and faculty programs for the George Washington University investigating business institutions and economic development in Rwanda.

Professor Click has been a consultant for several international organizations, and has held visiting positions in research organizations around the world. For the past fifteen years he has served as an advisor to the U.S. Agency for International Development (USAID) Office of Development Credit on matters pertaining to international financial risk and risk management. He was a Fulbright Scholar at the Asian Institute of Management in Manila, Philippines, in 2009-2010.

Dr. Click received M.B.A. and Ph.D. degrees in Economics and International Business from the University of Chicago Booth School of Business.

Fulbright Scholar, ASIAN INSTITUTE OF MANAGEMENT, Manila, The Philippines, November 2009-April 2010.  Conducted research on “ASEAN (Association of Southeast Asian Nations) Monetary Integration in a Global Context” and taught a case-study course on International Financial Management.

Visiting Scholar, CONSORCIO DE INVESTIGACIÓN ECONÓMICA Y SOCIAL, Lima, Peru, Summer 2006.  Researched the role of the U.S. dollar in Latin American economies under a grant from the U.S. Department of Education.

Visiting Scholar, JOHNS HOPKINS UNIVERSITY, School of Advanced International Studies Bologna Center, Bologna, Italy, April-May 2003.  Researched the role of gold in countries’ international reserves and its relation to political risk, under funding from the World Gold Council.

Fulbright Senior Specialist, AKADEMIA GORNICZO HUTNICZA UNIVERSITY OF SCIENCE AND TECHNOLOGY, Krakow, Poland, January-March 2003.  Worked with faculty and students in the Department of Applied Mathematics to develop a curriculum in finance and risk management.

Visiting Scholar, THE INTERNATIONAL CENTRE FOR THE STUDY OF EAST ASIAN DEVELOPMENT, Kitakyushu, Japan, Summer 2002.  Researched, with Michael Plummer, equity and bond market characteristics in Indonesia, Malaysia, the Philippines, Singapore, and Thailand.

  • International Investments
  • Macroeconomics
  • International Finance
  • International Corporate Finance
  • International Business Strategy

Ph.D., University of Chicago, 1994
M.B.A., University of Chicago, 1987
B.A., Kenyon College, 1983

“Resource Nationalism Meets the Market: Political Risk and the Value of Petroleum Reserves,” with Robert J. Weiner, Journal of International Business Studies 41, June/July 2010, pp. 783-803.

“The ASEAN Economic Community and the European Experience,” with Michael G. Plummer, Chapter 1 of Towards Monetary and Financial Integration in East Asia, edited by Koichi Hamada, Beate Reszat, and Ulrich Volz, Edward Elgar Publishing, 2009, pp. 13-40

“The ASEAN Dollar Standard in the Post-Crisis Era: A Reconsideration,” Journal of Asian Economics 20, May 2009, pp. 269-279.

“The Value Creation Perspective of International Strategic Management,” in Value Creation in Multinational Enterprise, edited by Reid W. Click and J. Jay Choi, Vol. 7 of International Finance Review, series edited by J. Jay Choi, Elsevier Ltd., 2007, pp.9

Value of Creation in Multinational Enterprise, Amsterdam: Elsevier Ltd. Choi, J.J. & Click

“On the Composition of Asian Central Bank Reserves: Will the Euro Replace the Dollar?” Journal of Asian Economics, 17 (3), 279-302

“Banks That Don’t Lend? Unlocking Credit to Spur Growth in Developing Countries,” with Paul Freedman, Development Policy Review 24, May 2006, pp. 279-302.

“Stock Market Performance in ASEAN. Is International Integration Warranted?” In M.G. Plummer and E. Jones (Ed.) International Economic Integration and Asia, (pp135-171). World Scientific Publishing Co.

“Financial and Political Risks in U.S. Direct Foreign Investment,” Journal of International Business Studies 36, September 2005, pp. 559-575.

“Stock Market Integration in ASEAN After the Asian Financial Crisis,” with Michael G. Plummer, Journal of Asian Economics 16, February 2005, pp. 5-28.

“Bond Market Development and Integration in ASEAN,” with Michael G. Plummer, International Journal of Finance and Economics 10, April 2005, pp. 133-142.

“Latin American Financial Markets: Developments in Financial Innovations,” co-editor with Harvey Arbelaez, (volume 5 of International Finance Review, series edited by J. Jay Choi), Elsevier Ltd., 2004.

The Theory and Practice of International Financial Management, with Joshua D. Coval, Prentice-Hall, 2002.

“Seigniorage and Conventional Taxation with Multiple Exogenous Shocks,” Journal of Economic Dynamics and Control, 24, September 2000, pp. 1447-1479.

“The Impact of Shocks to Exchange Rates and Oil Prices on U.S. Sales of American and Japanese Automakers,” with Brad M. Barber and Masako N. Darrough, Japan and the World Economy, January 1999, pp. 57-93.

“Seigniorage in a Cross-Section of Countries,” Journal of Money, Credit, and Banking, May 1998, pp. 153-171.

“Contrarian MacParity,” Economics Letters, November 1996, pp. 209-212.

Readings in International Business: A Decision Approach, co-editor with Robert Z. Aliber, The MIT Press, 1993.


U.S. Agency for International Development, Office of Development Credit

Provide advice on matters pertaining to international financial risk assessment and risk management; international banking; bond markets in developing countries; and microfinance.  Regularly provide technical assistance on provisioning for credit guarantees.  Projects have included design of policies and methods; risk assessments; training and market development; and technical assistance for USAID partners.  Assignments have been in Russia, Cyprus, Georgia, Ethiopia, Nigeria, The Philippines, Mexico, El Salvador, Senegal, South Africa, Indonesia, Liberia, Bosnia, Jamaica, Afghanistan, Rwanda, Mongolia, Armenia, and Kosovo.


Walzak Risk Analysis, LLC, and George Washington Institute for Integrating Statistics in Decision Sciences

Conducted, with Refik Soyer, a statistical analysis of a proprietary model in order to assess its validity in predicting early payment defaults on mortgages.


William H. Purcell Consulting, Inc.

Provided, with Robert Weiner, statistical and research support for expert reports and testimony in a legal case involving possible stock price manipulation.


Pearson Education, Inc.

Wrote chapter on “International Corporate Finance” for Corporate Finance by Jonathan Berk and Peter DeMarzo.