Details about Sebastian Edwards

E-mail:
Homepage:	http://www.anderson.ucla.edu/faculty/sebastian.edwards/
Phone:	310 206 6797
Postal address:	Anderson Graduate School of Management UCLA 110 Westwood Plaza Los Angeles, CA. 90095
Workplace:	Global Economics & Management Group, Anderson Graduate School of Management, University of California-Los Angeles (UCLA), (more information at EDIRC)

Access statistics for papers by Sebastian Edwards.

Last updated 2007-08-21. Update your information in the RePEc Author Service.

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Working Papers

2009

1. FORTY YEARS OF LATIN AMERICA'S ECONOMIC DEVELOPMENT: From the Alliance for Progress to the Washington Consensus
   NBER Working Papers, National Bureau of Economic Research, Inc
2. Latin America's Decline: A Long Historical View
   NBER Working Papers, National Bureau of Economic Research, Inc

2008

3. Globalization, Growth and Crises: The View from Latin America
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
4. Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2007

5. Capital Controls, Capital Flow Contractions, and Macroeconomic Vulnerability
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in Journal of International Money and Finance (2007)
6. Crises and Growth: A Latin American Perspective
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   Also in Working Papers in Economic History, Universidad Carlos III, Departamento de Historia Económica e Instituciones (2007) View citations
7. On Current Account Surpluses and the Correction of Global Imbalances
   NBER Working Papers, National Bureau of Economic Research, Inc View citations

2006

8. External Imbalances in an Advanced, Commodity-Exporting Country: The Case of New Zealand
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
9. Monetary Union, External Shocks and Economic Performance: A Latin American Perspective
   Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations
   Also in Working Papers, Bank of Greece (2006) View citations
   NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations
   See also Journal Article in International Economics and Economic Policy (2006)
10. The Relationship Between Exchange Rates and Inflation Targeting Revisited
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2006) View citations
11. The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Journal of Policy Modeling (2006)

2005

12. Capital Controls, Exchange Rate Volatility and External Vulnerability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
13. Capital Controls, Sudden Stops and Current Account Reversals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (2007)
14. Establishing Credibility: The Role of Foreign Advisors
    NBER Working Papers, National Bureau of Economic Research, Inc
15. Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
16. Managing the Capital Account
    Working Papers Central Bank of Chile, Central Bank of Chile
17. The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Proceedings (2005)

2004

18. Financial Openness, Sudden Stops and Current Account Reversals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (2004)
19. Flexible Exchange Rates as Shock Absorbers
    Business School Working Papers, Universidad Torcuato Di Tella View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Journal Article in European Economic Review (2005)
20. The Economics of Latin American Art: Creativity Patterns and Rates of Return
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
21. Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

2003

22. A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
23. Stock Market Cycles, Financial Liberalization and Volatility
    Faculty Working Papers, School of Economics and Business Administration, University of Navarra View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Journal Article in Journal of International Money and Finance (2003)
24. Strict Dollarization and Economic Performance: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Money, Credit and Banking (2006)

2002

25. Debt Relief and Fiscal Sustainability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Review of World Economics (Weltwirtschaftliches Archiv) (2003)
26. Dollarization and Economic Performance: What Do We Really Know?
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2002) View citations
    See also Journal Article in International Journal of Finance & Economics (2003)
27. Social Security Privatization Reform and Labor Markets: The Case of Chile
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
28. The Great Exchange Rate Debate After Argentina
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) (2002) View citations
    See also Journal Article in The North American Journal of Economics and Finance (2002)

2001

29. Capital Mobility and Economic Performance: Are Emerging Economies Different?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
30. Does the Current Account Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (2002)
31. Dollarization and Economic Performance: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
32. Dollarization, Inflation and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
33. Exchange Rate Regimes, Capital Flows and Crisis Prevention
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
34. Volatility Dependence and Contagion in Emerging Equity Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Development Economics (2001)

2000

35. Controls on Capital Inflows: Do they Work?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Development Economics (2000)
36. Economic Reforms and Labor Markets: Policy Issues and Lessons from Chile
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Policy (2000)
37. Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
38. Interest Rates, Contagion and Capital Controls
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1999

39. Contagion and Volatility in the 1990s
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA
40. Crisis Prevention: Lessons from Mexico and East Asia
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
41. Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
42. How Effective are Capital Controls?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Economic Perspectives (1999)

1998

43. Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (2000)
44. Capital Inflows into Latin America: A Stop-Go Story?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
45. Interest Rate Volatility, Capital Controls, and Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
46. Stabilization, Persistence, and Inflationary Convergence: A Comparative Analysis
    Working Papers Central Bank of Chile, Central Bank of Chile View citations
47. The Morning After: The Mexican Peso in the Aftermath of the 1994 Currency Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
48. The Political Economy of Unilateral Trade Liberalization: The Case of Chile
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1997

49. Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations
    See also Journal Article in Journal of Monetary Economics (1997)
50. Openness, Productivity and Growth: What Do We Really Know?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Economic Journal (1998)
51. The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1996

52. A Tale of Two Crises: Chile and Mexico
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
53. Public Sector Deficits and Macroeconomic Stability in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
54. The Chilean Pension Reform: A Pioneering Program
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1998)
55. The Determinants of the Choice between Fixed and Flexible Exchange-Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1995

56. Why are Saving Rates so Different Across Countries?: An International Comparative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1994

57. Fixed Exchange Rates, Inflation and Macroeconomic Discipline
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
58. Macroeconomic Stabilization in Latin America: Recent Experience and SomeSequencing Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
59. Trade and Industrial Policy Reform in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations

1993

60. Exchange Rates, Inflation and Disinflation: Latin American Experiences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
61. The Political Economy of Infaliton and Stabilization in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
62. Trade Policy, Exchange Rates and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1995)

1992

63. Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
64. Devaluation Controversies in the Developing Countries: Lessons From the Bretton Woods Era
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Chapter (1993)
65. Exchange Rates as Nominal Anchors
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
66. Explaining Fiscal Policies and Inflation in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of International Money and Finance (1991)
67. Sequencing and Welfare: Labor Markets and Agriculture
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
68. Terms of Trade Disturbances, Real Exchange Rates and Welfare: The Role of Capital Controls and Labor Market Distortions
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Oxford Economic Papers (1992)

1991

69. Anticipated Protectionist Policies, Real Exchange Rates and the Current Account
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations
70. Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
71. Economic Liberalization and the Equilibrium Real Exchange rate in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations
72. Latin America's Intraregional Trade: Evolution and Future Prospects
    NBER Working Papers, National Bureau of Economic Research, Inc
73. Macroeconomic Populism in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
74. Political Instability, Political Weakness and Inflation: An Empirical Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
75. Stabilization and Liberalization Policies in Central and Eastern Europe: Lessons From Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
76. The political economy of fiscal policy and inflation in developing countries: an empirical analysis
    Policy Research Working Paper Series, The World Bank View citations
77. Trade Orientation, Distortions and Growth in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in Journal of Development Economics (1992)

1990

78. Labor Market Distortions and Structural Adjustments in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
79. On Uniform Import Tariffs in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
80. Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence From Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1988) View citations
    See also Journal Article in Journal of Development Economics (1988)
81. Seigniorage and Political Stabiliity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
82. Temporary Terms of Trade Disturbances, The Real Exchange Rate and the Current Account
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Economica (1989)
83. The International Monetary Fund and the Developing Countries: A Critical Evaluation
    NBER Working Papers, National Bureau of Economic Research, Inc

1989

84. Commodity Export Boom and the Real Exchange Rate: The Money-Inflation Link
    NBER Working Papers, National Bureau of Economic Research, Inc
85. Exchange Controls, Devaluations and Real Exchange Rates: The Latin American Experience
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1987)
    See also Journal Article in Economic Development and Cultural Change (1989)
86. On the Sequencing of Structural Reforms
    OECD Economics Department Working Papers, OECD, Economics Department View citations
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1989) View citations
87. Openness, Outward Orientation, Trade Liberalization and Economic Performance in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Policy Research Working Paper Series, The World Bank (1989) View citations
88. Real Exchange Rates in the Developing Countries: Concepts and Measure- ment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
89. Seigniorage and Political Instability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    See also Journal Article in American Economic Review (1992)
90. Structural Adjustment Policies in Highly Indebted Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations
    See also Chapter (1989)
91. Tariffs, the Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics
    NBER Working Papers, National Bureau of Economic Research, Inc
    See also Journal Article in Oxford Economic Papers (1987)
92. Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1986) View citations
93. The Liberalization of the Current Capital Accounts and the Real ExchangeRate
    NBER Working Papers, National Bureau of Economic Research, Inc
94. The United States and Foreign Competition in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc
    Also in UCLA Economics Working Papers, UCLA Department of Economics (1987)
    See also Chapter (1988)
95. The macroeconomics of populism in Latin America
    Policy Research Working Paper Series, The World Bank View citations
    See also Book (1991)

1988

96. Conclusion and Bibliography of Real Exchange Rates, Devaluation and Adjustment: Exchange Rate Policy In Developing Countries
    UCLA Economics Working Papers, UCLA Department of Economics
97. Devaluations, Aggregate Output and Income Distribution
    UCLA Economics Working Papers, UCLA Department of Economics
98. Devaluations, Real Exchange Rates and the External Sector
    UCLA Economics Working Papers, UCLA Department of Economics
99. Exchange Controls and Trade Restrictions in Devaluation Episodes
    UCLA Economics Working Papers, UCLA Department of Economics
100. Introduction to Real Exchange Rates, Devaluation and Adjustment
     UCLA Economics Working Papers, UCLA Department of Economics
101. Macroeconomic Policies, Real Exchange Rate Misalignment, and Devaluation
     UCLA Economics Working Papers, UCLA Department of Economics
102. Real Exchange Rate Behavior in Developing Countries: The Cross Country Evidence
     UCLA Economics Working Papers, UCLA Department of Economics View citations
103. Real Exchange Rate Variability: An Empirical Analysis of the DevelopingCountries Case
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in International Economic Journal (1987)
104. Real Exchange Rates, Exchange Controls and Devaluation Crises
     UCLA Economics Working Papers, UCLA Department of Economics
105. Real and NominalDeterminants of Real Exchange Rates: The Empirical Evidence
     UCLA Economics Working Papers, UCLA Department of Economics
106. The Debt Crisis and Economic Adjustment in Latin America
     UCLA Economics Working Papers, UCLA Department of Economics
107. The Determination of Equilibrium Real Exchange Rate
     UCLA Economics Working Papers, UCLA Department of Economics

1987

108. Are Devaluations Contractionary?
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in The Review of Economics and Statistics (1986)
109. Commodity Export Prices and the Real Exchange Rate in Developing Countries: Coffee in Colombia
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Chapter (1986)
110. Exchange Rate Misalignment in Developing Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations
     See also Journal Article in World Bank Research Observer (1989)
111. Financial Deregulation and Segmented Capital Markets: The Case of Korea
     UCLA Economics Working Papers, UCLA Department of Economics
     See also Journal Article in World Development (1988)
112. Tariffs, Terms of Trade, and the Real Exchange Rate in an Intertemporal Optimizing Model of the Current Account
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1987)
113. The Order of Liberalization of the Current And Capital Accounts and the Real Exchange Rate: A Model and Some Reflection Based on the Southern Cone Experience
     UCLA Economics Working Papers, UCLA Department of Economics
114. The Order of Liberalization of the Current and Capital Accounts of the Balance of Payments
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1984) View citations

1986

115. Country Risk, Foreign Borrowing and the Social Discount Rate in an Open Developing Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in Journal of International Money and Finance (1986)
116. Devaluation and Aggregate Economic Activity: An Empirical Analysis of the Contractionary Devaluation Issue
     UCLA Economics Working Papers, UCLA Department of Economics
117. Financial Liberalization, Interest Rates, and the REal Exchange Rate in Chile
     UCLA Economics Working Papers, UCLA Department of Economics
118. Interest Rate Determination in Developing Countries: A Conceptual Framework
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
119. On the Interest Rate Elasticity of the Demand for International Reserves: Some Evidence from Developing Coutries
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in Journal of International Money and Finance (1985)
120. The Behavior of Interest Rates and Real Exchange Rates During a Liberalization Episode: The Case of Chile 1973-83
     NBER Working Papers, National Bureau of Economic Research, Inc
121. The Chilean Experiment: An Overview
     UCLA Economics Working Papers, UCLA Department of Economics
122. The Chilean Stabilization Program from Monetarist Orthodoxy to Exchange Rate Management
     UCLA Economics Working Papers, UCLA Department of Economics
123. The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries' Foreign Borrowing
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     See also Journal Article in European Economic Review (1986)
124. The Sequencing of the Liberization Reforms
     UCLA Economics Working Papers, UCLA Department of Economics
125. The Welfare Effects of Trade and Capital Market Liberalization: Consequences of Different Sequencing Scenarios
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1983)

1985

126. Money, The Rate of Devaluation and Interest Rates in a Semi-Open Economy: Colombia 1968-1982
     NBER Working Papers, National Bureau of Economic Research, Inc
127. The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries
     UCLA Economics Working Papers, UCLA Department of Economics

1984

128. Floating Exchange Rates, Expectations and New Information
     NBER Working Papers, National Bureau of Economic Research, Inc
     See also Journal Article in Journal of Monetary Economics (1983)
129. LDC's Foreign Borrowing and Default Risk: An Empirical Investigation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
130. The Demand for International Reserves and Exchange Rate Adjustments: TheCase of LDCs, 1964-1972
     NBER Working Papers, National Bureau of Economic Research, Inc
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1981)
     See also Journal Article in Economica (1983)
131. The Demand for International Reserves and Monetary Equilibrium: Some Evidence From Developing Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1953)
     See also Journal Article in The Review of Economics and Statistics (1984)
132. The Short-Run Relation Between Inflation and Growth in Latin America
     NBER Working Papers, National Bureau of Economic Research, Inc

1983

133. Economic Policy and the Record of Economic Growth in Chile in the 1970's and 1980's
     UCLA Economics Working Papers, UCLA Department of Economics
134. LDC's Foreign Borrowing and Default Risk: An Empirical Investigation 1976-1980
     UCLA Economics Working Papers, UCLA Department of Economics
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1983)
135. Money, the Rate of Devaluation and Interest Rates in a Semi-Open Economy: Columbia 1986-1982
     UCLA Economics Working Papers, UCLA Department of Economics
136. Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experiment with Free Market Policies, 1973-1983
     UCLA Economics Working Papers, UCLA Department of Economics
     See also Journal Article in Economic Development and Cultural Change (1985)
137. The Order of Liberalization of the Current and Capital Accounts of the Balance of Payments: A Survey of the Major Issues
     UCLA Economics Working Papers, UCLA Department of Economics View citations

1982

138. Capital Account Liberalization, Interest Rates and the Real Exchange Rate
     UCLA Economics Working Papers, UCLA Department of Economics View citations
139. Exchange Rates amd "News": A Multi-Currency Approach
     UCLA Economics Working Papers, UCLA Department of Economics
     See also Journal Article in Journal of International Money and Finance (1982)
140. Export Boom and Dutch Disease: A Dynamic Analysis
     UCLA Economics Working Papers, UCLA Department of Economics
141. The Relation Between Growth and Inflation in Latin America
     UCLA Economics Working Papers, UCLA Department of Economics
142. Trade Liberalization, Minimum Wages and Employment in the Short Run: Some REflections Based on the Chilean Experience
     UCLA Economics Working Papers, UCLA Department of Economics

1981

143. A Note on the Demand for International REserves by Less Developed Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations
144. Floating Excahnge Rates, Exectations and New Information
     UCLA Economics Working Papers, UCLA Department of Economics

Journal Articles

2007

1. Capital controls, capital flow contractions, and macroeconomic vulnerability
   Journal of International Money and Finance, 2007, 26, (5), 814-840 View citations
   See also Working Paper (2007)

2006

2. Monetary unions, external shocks and economic performance: A Latin American perspective
   International Economics and Economic Policy, 2006, 3, (3), 225-247 View citations
   See also Working Paper (2006)
3. Strict Dollarization and Economic Performance: An Empirical Investigation
   Journal of Money, Credit and Banking, 2006, 38, (1), 269-282 View citations
   See also Working Paper (2003)
4. The U.S. current account deficit: Gradual correction or abrupt adjustment?
   Journal of Policy Modeling, 2006, 28, (6), 629-643
   See also Working Paper (2006)

2005

5. Flexible exchange rates as shock absorbers
   European Economic Review, 2005, 49, (8), 2079-2105 View citations
   See also Working Paper (2004)
6. The end of large current account deficits: 1970-2002: are there lessons for the United States?
   Proceedings, 2005, (Aug), 205-268 View citations
   See also Working Paper (2005)

2004

7. Financial Openness, Sudden Stops, and Current-Account Reversals
   American Economic Review, 2004, 94, (2), 59-64 View citations
   See also Working Paper (2004)
8. Introductory Paper: Latin American and U.S. Universities: A Forty Years Analysis
   Cuadernos de Economía (Latin American Journal of Economics), 2004, 41, (121), 399-412
9. Productivity dynamics
   Journal of Development Economics, 2004, 75, (2), 329-332 View citations

2003

10. Debt Relief and the Current Account: An Analysis of the HIPC Initiative
    The World Economy, 2003, 26, (4), 513-531 View citations
11. Debt relief and fiscal sustainability
    Review of World Economics (Weltwirtschaftliches Archiv), 2003, 139, (1), 38-65 View citations
    See also Working Paper (2002)
12. Dollarization and economic performance: What do we really know?
    International Journal of Finance & Economics, 2003, 8, (4), 351-363 View citations
    See also Working Paper (2002)
13. Financial instability in Latin America
    Journal of International Money and Finance, 2003, 22, (7), 1095-1106
14. Interest-Rate Volatility in Emerging Markets
    The Review of Economics and Statistics, 2003, 85, (2), 328-348 View citations
15. Introduction
    Journal of Development Economics, 2003, 72, (2), 425-428
16. Review of Joseph E. Stiglitz's Globalization and its Discontents: (W.W. Norton, New York and London)
    Journal of Development Economics, 2003, 70, (1), 252-257
17. Stock market cycles, financial liberalization and volatility
    Journal of International Money and Finance, 2003, 22, (7), 925-955 View citations
    See also Working Paper (2003)

2002

18. Commentary: should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
    Proceedings, 2002, 405-412
19. Currency crises and contagion: an introduction
    Journal of Development Economics, 2002, 69, (2), 307-313 View citations
20. Independent Currency Unions, Growth, and Inflation
    Monetary and Economic Studies, 2002, 20, (S1), 215-32 View citations
21. Information Technology and Economic Growth in Developing Countries
    Challenge, 2002, 45, (3), 19-43
22. Social Security Privatization and Labor Markets: The Case of Chile
    Economic Development and Cultural Change, 2002, 50, (3), 465-89 View citations
23. The great exchange rate debate after Argentina
    The North American Journal of Economics and Finance, 2002, 13, (3), 237-252 View citations
    See also Working Paper (2002)

2001

24. Dollarization: Myths and realities
    Journal of Policy Modeling, 2001, 23, (3), 249-265 View citations
25. Introduction
    Journal of Development Economics, 2001, 66, (2), 349-350
26. Volatility dependence and contagion in emerging equity markets
    Journal of Development Economics, 2001, 66, (2), 505-532 View citations
    See also Working Paper (2001)

2000

27. Controls on capital inflows: do they work?
    Journal of Development Economics, 2000, 63, (1), 59-83 View citations
    See also Working Paper (2000)
28. Economic reforms and labour markets: policy issues and lessons from Chile
    Economic Policy, 2000, 15, (30), 181-230 View citations
    See also Working Paper (2000)
29. Introduction
    Journal of Development Economics, 2000, 63, (1), 1-4
30. On The Crisis Hypothesis of Economic Reform: Colombia 1989-91
    Cuadernos de Economía (Latin American Journal of Economics), 2000, 37, (112), 445-493 View citations

1999

31. How Effective Are Capital Controls?
    Journal of Economic Perspectives, 1999, 13, (4), 65-84 View citations
    See also Working Paper (1999)
32. International capital flows and emerging markets: amending the rules of the game?
    Conference Series ; [Proceedings], 1999, (Jun), 137-171

1998

33. Interest Rate Volatily, Contagion and Convergence: And Empirical Investigation of the Cases of Argentina, Chile and México
    Journal of Applied Economics, 1998, I, 55-86 View citations
34. Long-term unemployment and short-term unemployment benefits: The changing nature of non-employment subsidies in Central and Eastern Europe
    Empirical Economics, 1998, 23, (1/2), 31-54 View citations
35. Openness, Productivity and Growth: What Do We Really Know?
    Economic Journal, 1998, 108, (447), 383-98 View citations
    See also Working Paper (1997)
36. Two Crises: Inflationary Inertia and Credibility
    Economic Journal, 1998, 108, (448), 680-702 View citations

1997

37. Banks and macroeconomic disturbances under predetermined exchange rates
    Journal of Monetary Economics, 1997, 40, (2), 239-278 View citations
    See also Working Paper (1997)
38. Exchange Rate Issues in Developing and Transitional Economies
    Journal of African Economies, 1997, 6, (3), 37-73
39. Introduction
    Journal of Development Economics, 1997, 54, (1), 1-3
40. Trade Liberalization Reforms and the World Bank
    American Economic Review, 1997, 87, (2), 43-48 View citations
41. Trade Policy, Growth, and Income Distribution
    American Economic Review, 1997, 87, (2), 205-10 View citations

1996

42. Exchange Rates and the Political Economy of Macroeconomic Discipline
    American Economic Review, 1996, 86, (2), 159-63 View citations
43. Exchange-Rate Anchors, Credibility, and Inertia: A Tale of Two Crises, Chile and Mexico
    American Economic Review, 1996, 86, (2), 176-80 View citations
44. Introduction
    Journal of Development Economics, 1996, 51, (1), 1-4
45. Trade Liberalization and Unemployment: Policy Issues and Evidence from Chile
    Cuadernos de Economía (Latin American Journal of Economics), 1996, 33, (99), 227-250 View citations
46. Why are Latin America's savings rates so low? An international comparative analysis
    Journal of Development Economics, 1996, 51, (1), 5-44 View citations

1995

47. Introduction
    Journal of Development Economics, 1995, 47, (1), 1-3
48. Public sector deficits and macroeconomic stability in developing economies
    Proceedings, 1995, 307-373

1994

49. Introduction
    Journal of Development Economics, 1994, 43, (1), 1-3
50. The Political Economy of Inflation and Stabilization in Developing Countries
    Economic Development and Cultural Change, 1994, 42, (2), 235-66 View citations

1993

51. Openness, Trade Liberalization, and Growth in Developing Countries
    Journal of Economic Literature, 1993, 31, (3), 1358-93 View citations
52. Recent trade reforms in Latin America
    The North American Journal of Economics and Finance, 1993, 4, (1), 5-28 View citations

1992

53. Introduction
    Journal of Development Economics, 1992, 39, (1), 1-3
54. Seigniorage and Political Instability
    American Economic Review, 1992, 82, (3), 537-55 View citations
    See also Working Paper (1989)
55. Terms of Trade Disturbances, Real Exchange Rates, and Welfare: The Role of Capital Controls and Labor Market Distortions
    Oxford Economic Papers, 1992, 44, (1), 20-34 View citations
    See also Working Paper (1992)
56. Trade orientation, distortions and growth in developing countries
    Journal of Development Economics, 1992, 39, (1), 31-57 View citations
    See also Working Paper (1991)

1991

57. Explaining fiscal policies and inflation in developing countries
    Journal of International Money and Finance, 1991, 10, (1, Supplement), S16-S48 View citations
    See also Working Paper (1992)
58. Introduction
    Journal of Development Economics, 1991, 36, (1), 1-3

1990

59. Anticipated protectionist policies, real exchange rates, and the current account: the case of rigid wages
    Journal of International Money and Finance, 1990, 9, (2), 206-219 View citations
60. Introduction
    Journal of Development Economics, 1990, 32, (2), 243-246
61. Macroeconomic populism
    Journal of Development Economics, 1990, 32, (2), 247-277 View citations

1989

62. Exchange Controls, Devaluations, and Real Exchange Rates: The Latin American Experience
    Economic Development and Cultural Change, 1989, 37, (3), 457-94 View citations
    See also Working Paper (1989)
63. Exchange Rate Misalignment in Developing Countries
    World Bank Research Observer, 1989, 4, (1), 3-21 View citations
    See also Working Paper (1987)
64. Tariffs, Capital Controls, and Equilibrium Real Exchange Rates
    Canadian Journal of Economics, 1989, 22, (1), 79-92
65. Temporary Terms-of-Trade Disturbances, the Real Exchange Rate and the Current Account
    Economica, 1989, 56, (223), 343-57 View citations
    See also Working Paper (1990)

1988

66. Financial deregulation and segmented capital markets: The case of Korea
    World Development, 1988, 16, (1), 185-194 View citations
    See also Working Paper (1987)
67. Introduction
    Journal of Development Economics, 1988, 29, (3), 249-251
68. Real and monetary determinants of real exchange rate behavior: Theory and evidence from developing countries
    Journal of Development Economics, 1988, 29, (3), 311-341 View citations
    See also Working Paper (1990)
69. Terms of Trade, Tariffs, and Labor Market Adjustment in Developing Countries
    World Bank Economic Review, 1988, 2, (2), 165-85 View citations

1987

70. REAL EXCHANGE RATE VARIABILITY: AN EMPIRICAL ANALYSIS OF THE DEVELOPING COUNTRIES CASE
    International Economic Journal, 1987, 1, (1), 91-106 View citations
    See also Working Paper (1988)
71. Tariffs, The Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics
    Oxford Economic Papers, 1987, 39, (3), 458-64 View citations
    See also Working Paper (1989)

1986

72. Are Devaluations Contractionary?
    The Review of Economics and Statistics, 1986, 68, (3), 501-08 View citations
    See also Working Paper (1987)
73. Country risk, foreign borrowing, and the social discount rate in an open developing economy
    Journal of International Money and Finance, 1986, 5, (1, Supplement), S79-S96 View citations
    See also Working Paper (1986)
74. Introduction to Growth, Reform, and Adjustment: Latin America's Trade and Macroeconomic Policies in the 1970s and 1980s
    Economic Development and Cultural Change, 1986, 34, (3), 423-31
75. Monetarism in Chile, 1973-1983: Some Economic Puzzles
    Economic Development and Cultural Change, 1986, 34, (3), 535-59
76. The Welfare Effects of Trade and Capital Market Liberalization
    International Economic Review, 1986, 27, (1), 141-48 View citations
77. The pricing of bonds and bank loans in international markets: An empirical analysis of developing countries' foreign borrowing
    European Economic Review, 1986, 30, (3), 565-589 View citations
    See also Working Paper (1986)

1985

78. Country risk and developing countries' foreign borrowing: an empirical analysis of the bank loan and bond markets
    Proceedings, 1985, 67-101
79. Exchange rates in multi-country econometric models: Paul DeGrauwe and Theo Peeters, eds., (St. Martin's Press, New York, 1984) pp. xi + 287, US $35.00
    Journal of International Economics, 1985, 19, (3-4), 387-390
80. Latin-America experiments in neo-conservative economics: Alejandro Foxley, (University of California Press, Berkeley/Los Angeles/London, 1983) pp. xv + 213, $37.00
    Journal of Development Economics, 1985, 17, (3), 321-325
81. Money, the Rate of Devaluation, and Interest Rates in a Semiopen Economy: Colombia, 1968-82
    Journal of Money, Credit and Banking, 1985, 17, (1), 59-68
82. On the interest-rate elasticity of the demand for international reserves: Some evidence from developing countries
    Journal of International Money and Finance, 1985, 4, (2), 287-295 View citations
    See also Working Paper (1986)
83. Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experiment with Free-Market Policies, 1973-1983
    Economic Development and Cultural Change, 1985, 33, (2), 223-54
    See also Working Paper (1983)

1984

84. Coffee, money and inflation in Colombia
    World Development, 1984, 12, (11-12), 1107-1117 View citations
85. Deuda Externa y Riesgo del País
    Cuadernos de Economía (Latin American Journal of Economics), 1984, 21, (62), 3-24
86. Domestic Policies and Foreign Resource Requirements: Comment
    The Quarterly Journal of Economics, 1984, 99, (1), 201-06
87. Exchange rates and `news': Reply
    Journal of International Money and Finance, 1984, 3, (1), 123-126 View citations
88. LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-80
    American Economic Review, 1984, 74, (4), 726-34 View citations
89. The Demand for International Reserves and Monetary Equilibrium: Some Evidence from Developing Countries
    The Review of Economics and Statistics, 1984, 66, (3), 495-500 View citations
    See also Working Paper (1984)

1983

90. Abertura e distúrbios externos em um pequeno país em desenvolvimento
    Revista Brasileira de Economia, 1983, 37, (1)
91. Floating Exchange Rates in Less-Developed Countries: A Monetary Analysis of the Peruvian Experience, 1950-54
    Journal of Money, Credit and Banking, 1983, 15, (1), 73-81
92. Floating exchange rates, expectations and new information
    Journal of Monetary Economics, 1983, 11, (3), 321-336 View citations
    See also Working Paper (1984)
93. La Relación entre las Tasas de Interés y el Tipo de Cambio Bajo un Sistema de Cambio Flotante
    Cuadernos de Economía (Latin American Journal of Economics), 1983, 20, (59), 65-74
94. Oil export boom and Dutch-disease: A dynamic analysis
    Resources and Energy, 1983, 5, (3), 219-242 View citations
95. The Demand for International Reserves and Exchange Rate Adjustments: The Case of LDCs, 1964-1972
    Economica, 1983, 50, (199), 269-80
    See also Working Paper (1984)
96. The Short-Run Relation between Growth and Inflation in Latin America: Comment
    American Economic Review, 1983, 73, (3), 477-82 View citations

1982

97. Ajuste Cambiario y Reservas Internacionales: Un Análisis Empírico
    Cuadernos de Economía (Latin American Journal of Economics), 1982, 19, (57), 193-202
98. Diferenciales de Progreso Tecnológico y Diferenciales de Inflación: Un Comentario
    Cuadernos de Economía (Latin American Journal of Economics), 1982, 19, (56), 87-92
99. Exchange rate market efficiency and new information
    Economics Letters, 1982, 9, (4), 377-382 View citations
100. Exchange rates and `news': A multi-currency approach
     Journal of International Money and Finance, 1982, 1, (1), 211-224 View citations
     See also Working Paper (1982)

1980

101. A note on the dynamic adjustment of the demand for international reserves by LDC's
     Economics Letters, 1980, 5, (1), 71-74 View citations
102. Una Nota sobre Liberalización del Comercio, Salarios Mínimos y Empleo en el Corto Plazo
     Cuadernos de Economía (Latin American Journal of Economics), 1980, 17, (52), 303-314

1979

103. Una Nota sobre Política Monetaria, Expectativas de Inflación y Tasas de Interés Nominal
     Cuadernos de Economía (Latin American Journal of Economics), 1979, 16, (48), 237-244

1976

104. Reseña de Libros
     Cuadernos de Economía (Latin American Journal of Economics), 1976, 13, (39), 109-111

1975

105. Tipo de Cambio Sombra y Protección Efectiva: Un Cálculo Basado en la Metodología del Tipo de Cambio de Equilibrio bajo Libre Comercio
     Cuadernos de Economía (Latin American Journal of Economics), 1975, 12, (37), 127-144

Books

2008

1. Financial Markets Volatility and Performance in Emerging Markets
   NBER Books, National Bureau of Economic Research, Inc

2007

2. Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences
   NBER Books, National Bureau of Economic Research, Inc
3. The Decline of Latin American Economies: Growth, Institutions, and Crises
   NBER Books, National Bureau of Economic Research, Inc

2004

4. Inter-American Seminar on Economics (IASE)
   NBER Books, National Bureau of Economic Research, Inc
   Also in NBER Books, National Bureau of Economic Research, Inc (2003)
   NBER Books, National Bureau of Economic Research, Inc (2002)
   NBER Books, National Bureau of Economic Research, Inc (2001)
   NBER Books, National Bureau of Economic Research, Inc (1994)
   NBER Books, National Bureau of Economic Research, Inc (1998)

2002

5. Preventing Currency Crises in Emerging Markets
   NBER Books, National Bureau of Economic Research, Inc View citations

2000

6. Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies
   NBER Books, National Bureau of Economic Research, Inc View citations
7. Inter-American Seminar on Economics (IASE, 11th annual)
   NBER Books, National Bureau of Economic Research, Inc
   Also in NBER Books, National Bureau of Economic Research, Inc (1997)
   NBER Books, National Bureau of Economic Research, Inc (1999)

1996

8. Seventh Inter-American Seminar on Economics (IASE)
   NBER Books, National Bureau of Economic Research, Inc

1995

9. Inter-American Seminar on Macroeconomics (IASE)
   NBER Books, National Bureau of Economic Research, Inc
10. Reform, Recovery, and Growth: Latin America and the Middle East
    NBER Books, National Bureau of Economic Research, Inc

1992

11. Fourth Annual Inter-American Seminar on Macroeconomics (IASE)
    NBER Books, National Bureau of Economic Research, Inc

1991

12. The Macroeconomics of Populism in Latin America
    NBER Books, National Bureau of Economic Research, Inc
    See also Working Paper (1989)

1990

13. Second Annual Inter-American Seminar on Economics (IASE)
    NBER Books, National Bureau of Economic Research, Inc

1988

14. First Inter-American Seminar on Economics (IASE): Macroeconomic Adjustment and Growth
    NBER Books, National Bureau of Economic Research, Inc

1986

15. Economic Adjustment and Exchange Rates in Developing Countries
    NBER Books, National Bureau of Economic Research, Inc View citations

Chapters

2008

1. Financial Openness, Currency Crises, and Output Losses
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 97-120
2. Introduction to "Financial Markets Volatility and Performance in Emerging Markets"
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 1-8

2007

3. Capital Controls, Sudden Stops, and Current Account Reversals
   A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, 2007, pp 73-120 View citations
   See also Working Paper (2005)
4. Establishing Credibility: The Role of Foreign Advisors in Chile’s 1955–1958 Stabilization Program
   A chapter in The Decline of Latin American Economies: Growth, Institutions, and Crises, 2007, pp 291-332
5. Introduction to "Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences"
   A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, 2007, pp 1-18
6. Introduction to "The Decline of Latin American Economies: Growth, Institutions, and Crises"
   A chapter in The Decline of Latin American Economies: Growth, Institutions, and Crises, 2007, pp 1-14

2003

7. Exchange Rate Regimes
   A chapter in Economic and Financial Crises in Emerging Market Economies, 2003, pp 31-92 View citations

2002

8. Does the Current Account Matter?
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 21-76 View citations
   See also Working Paper (2001)
9. Introduction to "Preventing Currency Crises in Emerging Markets"
   A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 1-20

2000

10. Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 197-254 View citations
    See also Working Paper (1998)
11. Introduction to "Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies"
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 1-12
12. The Mexican Peso in the Aftermath of the 1994 Currency Crisis
    A chapter in Currency Crises, 2000, pp 183-240

1999

13. Capital Flows to Latin America
    A chapter in International Capital Flows, 1999, pp 5-56 View citations
14. The Choice of Exchange Rate Regime in Developing and Middle Income Countries
    A chapter in Changes in Exchange Rates in Rapidly Development Countries: Theory, Practice, and Policy Issues (NBER-EASE volume 7), 1999, pp 9-28 View citations

1998

15. The Chilean Pension Reform: A Pioneering Program
    A chapter in Privatizing Social Security, 1998, pp 33-62 View citations
    See also Working Paper (1996)

1995

16. Introduction to "Reform, Recovery, and Growth: Latin America and the Middle East"
    A chapter in Reform, Recovery, and Growth: Latin America and the Middle East, 1995, pp 1-10
17. Trade Policy, Exchange Rates, and Growth
    A chapter in Reform, Recovery, and Growth: Latin America and the Middle East, 1995, pp 13-52 View citations
    See also Working Paper (1993)

1993

18. Devaluation Controversies in the Developing Countries: Lessons from the Bretton Woods Era
    A chapter in A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, 1993, pp 405-460 View citations
    See also Working Paper (1992)

1991

19. Introduction to "The Macroeconomics of Populism in Latin America"
    A chapter in The Macroeconomics of Populism in Latin America, 1991, pp 1-4
20. The Macroeconomics of Populism
    A chapter in The Macroeconomics of Populism in Latin America, 1991, pp 7-13 View citations

1989

21. Disequilibrium and structural adjustment
    Chapter 28 in Handbook of Development Economics, 1989, vol. 2, pp 1481-1533 View citations
22. Structural Adjustment Policies in Highly Indebted Countries
    A chapter in Developing Country Debt and Economic Performance, Volume 1: The International Financial System, 1989, pp 159-208 View citations
    Also in A chapter in Developing Country Debt and the World Economy, 1989, pp 249-262 (1989) View citations
    See also Working Paper (1989)

1988

23. The United States and Foreign Competition in Latin America
    A chapter in The United States in the World Economy, 1988, pp 9-77 View citations
    See also Working Paper (1989)

1986

24. Commodity Export Prices and the Real Exchange Rate in Developing Countries:Coffee in Colombia
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 233-266
    See also Working Paper (1987)
25. Introduction to "Economic Adjustment and Exchange Rates in Developing Countries"
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 1-16