Details about Horacio Sapriza

Access statistics for papers by Horacio Sapriza.

Last updated 2024-08-19. Update your information in the RePEc Author Service.

Short-id: psa823

Working Papers

2024

1. Bank Lending Standards and the U.S. Economy
   Working Paper, Federal Reserve Bank of Richmond

2022

2. Do Costly Internal Equity Injections Reveal Bank Expectations about Post-Crisis Real Outcomes?
   Working Paper, Federal Reserve Bank of Richmond
3. Improving Sovereign Debt Restructurings
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Working Papers, Federal Reserve Bank of St. Louis (2022) View citations (6)
   Working Paper, Federal Reserve Bank of Richmond (2022)
   See also Journal Article Improving sovereign debt restructurings, Journal of Economic Dynamics and Control, Elsevier (2022) View citations (3) (2022)
4. The Collateral Channel and Bank Credit
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
   Also in Working Paper, Federal Reserve Bank of Richmond (2022) View citations (3)
   See also Journal Article The Collateral Channel and Bank Credit, Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2023) (2023)

2020

5. News, sovereign debt maturity, and default risk
   Working Papers, Federal Reserve Bank of St. Louis View citations (5)
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019)
   See also Journal Article News, sovereign debt maturity, and default risk, Journal of International Economics, Elsevier (2020) View citations (6) (2020)

2019

6. Bottom-up Leading Macroeconomic Indicators: An Application to Non-Financial Corporate Defaults using Machine Learning
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (2)
7. How Does the Strength of Monetary Policy Transmission Depend on Real Economic Activity?
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (3)
8. Whatever it takes: what’s the impact of a major nonconventional monetary policy intervention?
   Working Paper Series, European Central Bank View citations (5)
   Also in BIS Working Papers, Bank for International Settlements (2018) View citations (10)

2018

9. Cross-Border Bank Flows and Monetary Policy
   International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (42)
   See also Journal Article Cross-Border Bank Flows and Monetary Policy, The Review of Financial Studies, Society for Financial Studies (2022) View citations (12) (2022)
10. Sovereign Debt Restructuring: A Dynamic Discrete Choice Approach
    2018 Meeting Papers, Society for Economic Dynamics View citations (14)
11. Sovereign Debt Restructurings
    Working Papers, Federal Reserve Bank of St. Louis View citations (14)
    See also Journal Article Sovereign Debt Restructurings, American Economic Journal: Macroeconomics, American Economic Association (2021) View citations (13) (2021)

2017

12. Cross-Border Bank Flows and Monetary Policy: Implications for Canada
    Staff Working Papers, Bank of Canada View citations (31)
13. Cross-border Flows and Monetary Policy
    2017 Meeting Papers, Society for Economic Dynamics View citations (8)
14. Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
    IMF Working Papers, International Monetary Fund View citations (21)
    See also Journal Article Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies, Open Economies Review, Springer (2017) View citations (20) (2017)
15. Unconventional Monetary and Exchange Rate Policies
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (1)

2016

16. Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel during the European Sovereign Crisis
    Supervisory Research and Analysis Working Papers, Federal Reserve Bank of Boston View citations (5)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2012) View citations (68)

2014

17. Sovereign Debt Crises
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (14)
18. Sovereign Default and Government’s Bailouts
    2014 Meeting Papers, Society for Economic Dynamics
19. Sovereign Default and the Choice of Maturity
    Working Papers, Federal Reserve Bank of St. Louis View citations (12)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (8)
20. U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (5)
    See also Journal Article U.S. unconventional monetary policy and transmission to emerging market economies, Journal of International Money and Finance, Elsevier (2015) View citations (191) (2015)

2013

21. International Evidence on Government Support and Risk Taking in the Banking Sector
    IMF Working Papers, International Monetary Fund View citations (39)
    Also in International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2013) View citations (44)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2012) View citations (5)
22. News and Sovereign Default Risk in Small Open Economies
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (42)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (11)
    2011 Meeting Papers, Society for Economic Dynamics (2011)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2010) View citations (7)
    See also Journal Article News and sovereign default risk in small open economies, Journal of International Economics, Elsevier (2013) View citations (41) (2013)

2012

23. Sovereign credit risk, banks' government support, and bank stock returns around the world
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (11)
    See also Journal Article Sovereign Credit Risk, Banks' Government Support, and Bank Stock Returns around the World, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (80) (2014)

2011

24. Indexed Sovereign Debt: An Applied Framework
    Carlo Alberto Notebooks, Collegio Carlo Alberto View citations (7)
    Also in Business School Working Papers, Universidad Torcuato Di Tella (2009) View citations (7)
    2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (13)
25. Trade credit and international trade during the 2008-09 global financial crisis
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (22)

2010

26. Online Appendix to "Quantitative properties of sovereign default models: solution methods"
    Online Appendices, Review of Economic Dynamics View citations (80)
    See also Journal Article Quantitative properties of sovereign default models: solution methods, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (124) (2010)
27. Quantitative properties of sovereign default models: solution methods matter
    Working Paper, Federal Reserve Bank of Richmond View citations (100)
    Also in IMF Working Papers, International Monetary Fund (2010) View citations (116)

2009

28. Fiscal Policy and Default Risk in Emerging Markets
    2009 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Banco de México (2007) View citations (5)
    Working Paper, Federal Reserve Bank of Richmond (2009) View citations (45)
    See also Journal Article Fiscal Policy and Default Risk in Emerging Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (161) (2010)
29. On the cyclicality of the interest rate in emerging economy models: solution methods matter
    Working Paper, Federal Reserve Bank of Richmond View citations (3)

2008

30. Heterogeneous borrowers in quantitative models of sovereign default
    Working Paper, Federal Reserve Bank of Richmond View citations (19)
    See also Journal Article HETEROGENEOUS BORROWERS IN QUANTITATIVE MODELS OF SOVEREIGN DEFAULT, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2009) View citations (61) (2009)

2006

31. Computing business cycles in emerging economy models
    Working Paper, Federal Reserve Bank of Richmond View citations (4)
32. Financially Constrained Stock Returns
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Financially Constrained Stock Returns, Journal of Finance, American Finance Association (2009) View citations (101) (2009)
33. Fiscal Policy, Inflation Tax and Default Risk in Emerging Economies
    2006 Meeting Papers, Society for Economic Dynamics
34. Sovereign Default, Interest Rates and Political Uncertainty in Emerging Markets
    Working Papers, Banco de México View citations (22)
    See also Journal Article Sovereign default, interest rates and political uncertainty in emerging markets, Journal of International Economics, Elsevier (2008) View citations (188) (2008)
35. Sovereign Default, Terms of Trade and Interest Rates in Emerging Markets
    Working Papers, Banco de México View citations (28)
36. Sovereign default risk with heterogenous borrowers
    2006 Meeting Papers, Society for Economic Dynamics

Journal Articles

2025

1. Sentiment About Business Debt as a Leading Economic Indicator
   Richmond Fed Economic Brief, 2025, 25, (09)

2024

2. Economic activity and the bank credit channel
   Journal of Banking & Finance, 2024, 164, (C)
3. Redlining and U.S. Residential Mortgage Market Pricing
   Richmond Fed Economic Brief, 2024, 24, (21)

2023

4. Policies for Improving Sovereign Debt Restructurings
   Richmond Fed Economic Brief, 2023, 23, (04)
5. The Collateral Channel and Bank Credit
   Richmond Fed Economic Brief, 2023, 23, (33)
   See also Working Paper The Collateral Channel and Bank Credit, Finance and Economics Discussion Series (2022) View citations (3) (2022)

2022

6. Cross-Border Bank Flows and Monetary Policy
   The Review of Financial Studies, 2022, 35, (1), 438-481 View citations (12)
   See also Working Paper Cross-Border Bank Flows and Monetary Policy, International Finance Discussion Papers (2018) View citations (42) (2018)
7. Improving sovereign debt restructurings
   Journal of Economic Dynamics and Control, 2022, 139, (C) View citations (3)
   See also Working Paper Improving Sovereign Debt Restructurings, CEPR Discussion Papers (2022) (2022)
8. Introducing the Credit Market Sentiment Index
   Richmond Fed Economic Brief, 2022, 22, (33)

2021

9. Sovereign Debt Restructurings
   American Economic Journal: Macroeconomics, 2021, 13, (2), 26-77 View citations (13)
   See also Working Paper Sovereign Debt Restructurings, Working Papers (2018) View citations (14) (2018)
10. Wholesale funding runs, global banks' supply of liquidity insurance, and corporate investment
    Journal of International Economics, 2021, 133, (C) View citations (4)

2020

11. Asymmetries in the bank lending channel of monetary policy in the United States
    Economics Letters, 2020, 189, (C) View citations (4)
12. Government support, regulation, and risk taking in the banking sector
    Journal of Banking & Finance, 2020, 112, (C) View citations (44)
13. News, sovereign debt maturity, and default risk
    Journal of International Economics, 2020, 126, (C) View citations (6)
    See also Working Paper News, sovereign debt maturity, and default risk, Working Papers (2020) View citations (5) (2020)

2018

14. Sovereign default and maturity choice
    Journal of Monetary Economics, 2018, 95, (C), 72-85 View citations (39)

2017

15. Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
    Open Economies Review, 2017, 28, (2), 191-232 View citations (20)
    See also Working Paper Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies, IMF Working Papers (2017) View citations (21) (2017)

2016

16. Sovereign debt ratings and stock liquidity around the World
    Journal of Banking & Finance, 2016, 73, (C), 99-112 View citations (9)

2015

17. U.S. unconventional monetary policy and transmission to emerging market economies
    Journal of International Money and Finance, 2015, 55, (C), 27-59 View citations (191)
    See also Working Paper U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies, International Finance Discussion Papers (2014) View citations (5) (2014)

2014

18. Sovereign Credit Risk, Banks' Government Support, and Bank Stock Returns around the World
    Journal of Money, Credit and Banking, 2014, 46, (s1), 93-121 View citations (80)
    See also Working Paper Sovereign credit risk, banks' government support, and bank stock returns around the world, International Finance Discussion Papers (2012) View citations (11) (2012)

2013

19. Financial frictions, trade credit, and the 2008–09 global financial crisis
    International Review of Economics & Finance, 2013, 26, (C), 25-38 View citations (35)
20. News and sovereign default risk in small open economies
    Journal of International Economics, 2013, 91, (1), 1-17 View citations (41)
    See also Working Paper News and Sovereign Default Risk in Small Open Economies, Koç University-TUSIAD Economic Research Forum Working Papers (2013) View citations (42) (2013)

2010

21. Fiscal Policy and Default Risk in Emerging Markets
    Review of Economic Dynamics, 2010, 13, (2), 452-469 View citations (161)
    See also Software Item Code and data files for "Fiscal Policy and Default Risk in Emerging Markets", Computer Codes (2009) (2009)
    Working Paper Fiscal Policy and Default Risk in Emerging Markets, 2009 Meeting Papers (2009) View citations (1) (2009)
22. Quantitative properties of sovereign default models: solution methods
    Review of Economic Dynamics, 2010, 13, (4), 919-933 View citations (124)
    See also Working Paper Online Appendix to "Quantitative properties of sovereign default models: solution methods", Online Appendices (2010) View citations (80) (2010)
    Software Item Code and data files for "Quantitative properties of sovereign default models: solution methods matter", Computer Codes (2010) (2010)

2009

23. Financially Constrained Stock Returns
    Journal of Finance, 2009, 64, (4), 1827-1862 View citations (101)
    See also Working Paper Financially Constrained Stock Returns, NBER Working Papers (2006) View citations (9) (2006)
24. HETEROGENEOUS BORROWERS IN QUANTITATIVE MODELS OF SOVEREIGN DEFAULT
    International Economic Review, 2009, 50, (4), 1129-1151 View citations (61)
    See also Working Paper Heterogeneous borrowers in quantitative models of sovereign default, Working Paper (2008) View citations (19) (2008)

2008

25. Sovereign default, interest rates and political uncertainty in emerging markets
    Journal of International Economics, 2008, 76, (1), 78-88 View citations (188)
    See also Working Paper Sovereign Default, Interest Rates and Political Uncertainty in Emerging Markets, Working Papers (2006) View citations (22) (2006)

2007

26. Quantitative models of sovereign default and the threat of financial exclusion
    Economic Quarterly, 2007, 93, (Sum), 251-286 View citations (16)
27. The economics of sovereign defaults
    Economic Quarterly, 2007, 93, (Spr), 163-187 View citations (14)

Software Items

2010

1. Code and data files for "Quantitative properties of sovereign default models: solution methods matter"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Quantitative properties of sovereign default models: solution methods, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (124) (2010)

2009

2. Code and data files for "Fiscal Policy and Default Risk in Emerging Markets"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Fiscal Policy and Default Risk in Emerging Markets, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (161) (2010)