Details about Sergio Schmukler

Access statistics for papers by Sergio Schmukler.

Last updated 2013-05-03. Update your information in the RePEc Author Service.

Short-id: psc64

Working Papers

2013

1. Policy Responses to the Global Financial Crisis: What Did Emerging Economies Do Differently?
   Working Papers, Banco Central de Reserva del Perú
2. The financing and growth of firms in China and India: evidence from capital markets
   Policy Research Working Paper Series, The World Bank

2012

3. Financial Globalization in Emerging Countries: Diversification vs. Offshoring
   Labor Economics Working Papers, East Asian Bureau of Economic Research
   Also in Macroeconomics Working Papers, East Asian Bureau of Economic Research (2012)
   Finance Working Papers, East Asian Bureau of Economic Research (2012)
   Policy Research Working Paper Series, The World Bank (2012)
   ADBI Working Papers, Asian Development Bank Institute (2012)
4. Gross capital flows: Dynamics and crises
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (18)
   Also in Banco de España Working Papers, Banco de España (2011) View citations (6)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (7)
   Working Papers, Barcelona Graduate School of Economics (2010)
   Policy Research Working Paper Series, The World Bank (2011) View citations (5)
5. How Firms Use Domestic and International Corporate Bond Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in Policy Research Working Paper Series, The World Bank (2012) View citations (1)
6. On the International Transmission of Shocks: Micro – Evidence From Mutual Fund Portfolios
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (3)
   Policy Research Working Paper Series, The World Bank (2012) View citations (1)
   See also Journal Article in Journal of International Economics (2012)

2011

7. Deconstructing herding: evidence from pension fund investment behavior
   Policy Research Working Paper Series, The World Bank
   See also Journal Article in Journal of Financial Services Research (2013)
8. How resilient and countercyclical were emerging economies to the global financial crisis ?
   Policy Research Working Paper Series, The World Bank View citations (7)
9. Unexploited gains from international diversification: patterns of portfolio holdings around the world
   Policy Research Working Paper Series, The World Bank View citations (6)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (1)
10. Why Do Emerging Economies Borrow Short Term?
    Working Papers, Barcelona Graduate School of Economics View citations (27)
    Also in Policy Research Working Paper Series, The World Bank (2004) View citations (63)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2011) View citations (17)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (15)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (25)
    2006 Meeting Papers, Society for Economic Dynamics (2006)
    See also Journal Article in Journal of the European Economic Association (2013)

2010

11. Pension Funds And Capital Market Development: How Much Bang For The Buck?
    Working Papers, Superintendencia de Pensiones
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (3)
12. The Long and the Short of Emerging Market Debt
    Working Papers, Superintendencia de Pensiones
    Also in Policy Research Working Paper Series, The World Bank (2009) View citations (1)
    Working Papers Central Bank of Chile, Central Bank of Chile (2009)

2009

13. Crises, Capital Controls, and Financial Integration
    Working Papers, eSocialSciences View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2008)
14. Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework
    CESifo Working Paper Series, CESifo Group Munich View citations (3)
15. Patterns of International Capital Raisings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (5)
    See also Journal Article in Journal of International Economics (2010)
16. Sovereign risk and international portfolio dynamics
    2009 Meeting Papers, Society for Economic Dynamics

2008

17. Bank involvement with SMEs: beyond relationship lending
    Policy Research Working Paper Series, The World Bank View citations (17)
    See also Journal Article in Journal of Banking & Finance (2010)

2007

18. Capital market development: whither Latin America ?
    Policy Research Working Paper Series, The World Bank View citations (10)
    See also Chapter (2008)
19. Emerging market liquidity and crises
    Policy Research Working Paper Series, The World Bank View citations (2)
    See also Journal Article in Journal of the European Economic Association (2008)
20. Innovative experiences in access to finance: market friendly roles for the visible hand ?
    Policy Research Working Paper Series, The World Bank View citations (30)
21. International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?
    IMF Working Papers, International Monetary Fund View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (15)
    Policy Research Working Paper Series, The World Bank (2007) View citations (16)
    See also Journal Article in Journal of International Money and Finance (2007)
22. Stock market development under globalization: whither the gains from reforms ?
    Policy Research Working Paper Series, The World Bank View citations (11)
    See also Journal Article in Journal of Banking & Finance (2007)
23. The international financial integration of China and India
    Policy Research Working Paper Series, The World Bank View citations (6)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (15)
    See also Journal Article in Proceedings (2006)

2006

24. Financial development in Latin America: big emerging issues, limited policy answers
    Policy Research Working Paper Series, The World Bank View citations (3)
25. International Financial Integration through the Law of One Price
    Business School Working Papers, Universidad Torcuato Di Tella View citations (7)
    Also in Policy Research Working Paper Series, The World Bank (2006) View citations (17)
26. Internationalization and the evolution of corporate valuation
    Policy Research Working Paper Series, The World Bank View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (14)
    See also Journal Article in Journal of Financial Economics (2008)
27. Vanishing Contagion?
    IMF Policy Discussion Papers, International Monetary Fund View citations (4)

2005

28. Internationalization and Stock Market Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    See also Journal Article in Review of Finance (2006)

2004

29. Coping with risk through mismatches: domestic and international financial contracts for emerging economies
    Policy Research Working Paper Series, The World Bank View citations (17)
    See also Journal Article in International Finance (2004)
30. Market Discipline in Emerging Economies: Beyond Bank Fundamentals
    Business School Working Papers, Universidad Torcuato Di Tella View citations (12)
31. Market Discipline under Systemic Risk: Evidence from Bank Runs in Emerging Economies
    Econometric Society 2004 Latin American Meetings, Econometric Society View citations (5)
    Also in Business School Working Papers, Universidad Torcuato Di Tella (2004) View citations (3)
    Policy Research Working Paper Series, The World Bank (2004) View citations (4)

2003

32. Distributional effects of crises: the role of financial transfers
    Policy Research Working Paper Series, The World Bank View citations (5)
33. Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (39)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (31)
34. Living and Dying with Hard Pegs: The Rise and Fall of Argentina´s Currency Board
    Business School Working Papers, Universidad Torcuato Di Tella View citations (13)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (28)
    See also Journal Article in Journal of LACEA Economia (2003)
35. Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (12)
36. Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (114)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (48)
    IMF Working Papers, International Monetary Fund (2003) View citations (43)
37. The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine crisis"
    Business School Working Papers, Universidad Torcuato Di Tella View citations (3)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (3)
    See also Journal Article in Economics Letters (2004)

2002

38. Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (21)
    Working Papers, World Institute for Development Economic Research (UNU-WIDER) (2002) View citations (3)
39. Financial globalization: Unequal blessings
    Business School Working Papers, Universidad Torcuato Di Tella View citations (8)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (12)
    See also Journal Article in International Finance (2002)
40. Global Transmission of Interest Rates: Monetary Independence and Currency Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    See also Journal Article in Journal of International Money and Finance (2004)
41. Pricing Currency Risk: Facts and Puzzles from Currency Boards
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (6)
42. The Future of Stock Exchanges in Emerging Economies: Evolution and Prosepcts
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (14)

2001

43. Crisis and contagion in East Asia: nine lessons
    Policy Research Working Paper Series, The World Bank View citations (3)
44. Emerging markets instability: do sovereign ratings affect country risk and stock returns?
    Policy Research Working Paper Series, The World Bank View citations (9)
    See also Journal Article in World Bank Economic Review (2002)
45. Globalization and Firms' Financing Choices: Evidence from Emerging Economies
    IMF Working Papers, International Monetary Fund View citations (8)
    Also in Policy Research Working Paper Series, The World Bank (2000)
    William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan (2001) View citations (9)
46. Mutual fund investment in emerging markets - an overview
    Policy Research Working Paper Series, The World Bank View citations (38)
47. Short and long-run integration: do capital controls matter ?
    Policy Research Working Paper Series, The World Bank View citations (6)

2000

48. Global transmission of interest rates: monetary independence and the currency regime
    Policy Research Working Paper Series, The World Bank View citations (19)
49. Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    Also in Policy Research Working Paper Series, The World Bank (2000) View citations (25)
    See also Journal Article in Journal of International Economics (2004)
50. Verifiability and the Vanishing Intermediate Exchange Rate Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
51. Verifying exchange rate regimes
    Policy Research Working Paper Series, The World Bank View citations (8)
    See also Journal Article in Journal of Development Economics (2001)

1999

52. Do Depositors Punish Banks For "Bad" Behavior?: Examining Market Discipline In Argentina, Chile, And Mexico
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (4)
    Also in Working Papers, Cambridge - Risk, Information & Quantity Signals (1999)
53. Do depositors punish banks for"bad"behavior?: market discipline in Argentina, Chile, and Mexico
    Policy Research Working Paper Series, The World Bank View citations (43)
54. Predicting currency fluctuations and crises - do resident firms have an informational advantage?
    Policy Research Working Paper Series, The World Bank View citations (7)
    See also Journal Article in Journal of International Money and Finance (2005)
55. What triggers market jitters: a chronicle of the Asian crisis
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (104)
    Also in Policy Research Working Paper Series, The World Bank (1999) View citations (89)
    See also Journal Article in Journal of International Money and Finance (1999)

1998

56. Country Funds and Asymmetric Information
    International Finance, EconWPA View citations (10)
    Also in Center for International and Development Economics Research, Working Paper Series, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley (1997) View citations (2)
    Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1997) View citations (9)
    Policy Research Working Paper Series, The World Bank (1998) View citations (6)
    See also Journal Article in International Journal of Finance & Economics (2000)
57. The impact of policy announcements and news on capital markets: crisis management in Argentina during the Tequila Effect
    Policy Research Working Paper Series, The World Bank View citations (4)

1996

58. Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
    Also in Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1996) View citations (12)
59. Country fund discounts and the Mexican crisis of December 1994: did local residents turn pessimistic before international investors?
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) View citations (8)
    See also Journal Article in Open Economies Review (1996)
60. Crisis, contagion, and country funds: effects on East Asia and Latin America
    Pacific Basin Working Paper Series, Federal Reserve Bank of San Francisco View citations (8)
    See also Journal Article in Proceedings (1996)

Journal Articles

2013

1. Deconstructing Herding: Evidence from Pension Fund Investment Behavior
   Journal of Financial Services Research, 2013, 43, (1), 99-126
   See also Working Paper (2011)
2. WHY DO EMERGING ECONOMIES BORROW SHORT TERM?
   Journal of the European Economic Association, 2013, 11, 67-100
   See also Working Paper (2011)

2012

3. How resilient and countercyclical were emerging economies during the global financial crisis?
   Journal of International Money and Finance, 2012, 31, (8), 2052-2077 View citations (1)
4. On the international transmission of shocks: Micro-evidence from mutual fund portfolios
   Journal of International Economics, 2012, 88, (2), 357-374 View citations (1)
   See also Working Paper (2012)
5. Respuestas de política a la crisis financiera global: ¿Qué hicieron diferente las economías emergentes?
   Revista Estudios Económicos, 2012, (24), 27-43

2010

6. Bank involvement with SMEs: Beyond relationship lending
   Journal of Banking & Finance, 2010, 34, (9), 2280-2293 View citations (13)
   See also Working Paper (2008)
7. Depositor Behavior under Macroeconomic Risk: Evidence from Bank Runs in Emerging Economies
   Journal of Money, Credit and Banking, 2010, 42, (4), 585-614 View citations (13)
8. Patterns of international capital raisings
   Journal of International Economics, 2010, 80, (1), 45-57 View citations (4)
   See also Working Paper (2009)

2009

9. International financial integration through the law of one price: The role of liquidity and capital controls
   Journal of Financial Intermediation, 2009, 18, (3), 432-463 View citations (7)

2008

10. Emerging Market Liquidity and Crises
    Journal of the European Economic Association, 2008, 6, (2-3), 668-682 View citations (2)
    See also Working Paper (2007)
11. Internationalization and the evolution of corporate valuation
    Journal of Financial Economics, 2008, 88, (3), 607-632 View citations (31)
    See also Working Paper (2006)
12. Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles
    Review of Finance, 2008, 12, (2), 253-292 View citations (12)
13. Vanishing financial contagion?
    Journal of Policy Modeling, 2008, 30, (5), 775-791 View citations (9)

2007

14. Government Bonds in Domestic and Foreign Currency: the Role of Institutional and Macroeconomic Factors
    Review of International Economics, 2007, 15, (2), 370-413 View citations (4)
15. International financial integration through equity markets: Which firms from which countries go global?
    Journal of International Money and Finance, 2007, 26, (5), 788-813 View citations (15)
    See also Working Paper (2007)
16. Migration, spillovers, and trade diversion: The impact of internationalization on domestic stock market activity
    Journal of Banking & Finance, 2007, 31, (6), 1595-1612 View citations (9)
17. Stock market development under globalization: Whither the gains from reforms?
    Journal of Banking & Finance, 2007, 31, (6), 1731-1754 View citations (11)
    See also Working Paper (2007)
18. The Evolving Role of China and India in the Global Financial System
    Open Economies Review, 2007, 18, (4), 499-520 View citations (2)

2006

19. Comments on R. Cooper, M. Bordo and H. James: Exchange rate arrangements and disarrangements: prospects for a world currency
    International Economics and Economic Policy, 2006, 3, (3), 409-414
20. Financial globalization and debt maturity in emerging economies
    Journal of Development Economics, 2006, 79, (1), 183-207 View citations (36)
21. Internationalization and Stock Market Liquidity
    Review of Finance, 2006, 10, (1), 153-187 View citations (33)
    See also Working Paper (2005)
22. Stock market development and internationalization: Do economic fundamentals spur both similarly?
    Journal of Empirical Finance, 2006, 13, (3), 316-350 View citations (25)
23. The international financial integration of China and India
    Proceedings, 2006, (Jun) View citations (10)
    See also Working Paper (2007)

2005

24. Financial Crises: Nine Lessons from East Asia
    Eastern Economic Journal, 2005, 31, (2), 185-207 View citations (4)
25. Predicting currency fluctuations and crises: Do resident firms have an informational advantage?
    Journal of International Money and Finance, 2005, 24, (6), 1012-1029 View citations (14)
    See also Working Paper (1999)

2004

26. Coping with Risks through Mismatches: Domestic and International Financial Contracts for Emerging Economies
    International Finance, 2004, 7, (3), 349-390 View citations (19)
    See also Working Paper (2004)
27. Distributional Effects of Crises: The Financial Channel
    Journal of LACEA Economia, 2004 View citations (14)
28. Financial globalization: gain and pain for developing countries
    Economic Review, 2004, (Q 2), 39 - 66 View citations (11)
29. Global transmission of interest rates: monetary independence and currency regime
    Journal of International Money and Finance, 2004, 23, (5), 701-733 View citations (65)
    See also Working Paper (2002)
30. Managers, investors, and crises: mutual fund strategies in emerging markets
    Journal of International Economics, 2004, 64, (1), 113-134 View citations (34)
    See also Working Paper (2000)
31. The price of inconvertible deposits: the stock market boom during the Argentine crisis
    Economics Letters, 2004, 83, (1), 7-13 View citations (12)
    See also Working Paper (2003)

2003

32. Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board
    Journal of LACEA Economia, 2003 View citations (24)
    See also Working Paper (2003)

2002

33. Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?
    World Bank Economic Review, 2002, 16, (2), 171-195 View citations (26)
    See also Working Paper (2001)
34. Financial Globalization: Unequal Blessings
    International Finance, 2002, 5, (3), 335-57 View citations (7)
    See also Working Paper (2002)
35. Pricing currency risk under currency boards
    Journal of Development Economics, 2002, 69, (2), 367-391 View citations (16)

2001

36. Verifying exchange rate regimes
    Journal of Development Economics, 2001, 66, (2), 351-386 View citations (37)
    See also Working Paper (2000)

2000

37. Country Funds and Asymmetric Information
    International Journal of Finance & Economics, 2000, 5, (3), 177-95 View citations (26)
    See also Working Paper (1998)

1999

38. What triggers market jitters?: A chronicle of the Asian crisis
    Journal of International Money and Finance, 1999, 18, (4), 537-560 View citations (131)
    See also Working Paper (1999)

1996

39. Country fund discounts and the mexican crisis of December 1994: Did local residents turn pessimistic before international investors?
    Open Economies Review, 1996, 7, (1), 511-534 View citations (8)
    See also Working Paper (1996)
40. Crisis, contagion, and country funds: effects on East Asia and Latin America
    Proceedings, 1996, 232-266 View citations (16)
    See also Working Paper (1996)

Books

2012

1. Financial Development in Latin America and the Caribbean: The Road Ahead
   World Bank Publications, The World Bank

2007

2. Emerging Capital Markets and Globalization: The Latin American Experience
   World Bank Publications, The World Bank View citations (1)

Chapters

2008

1. Capital Market Development: Whither Latin America?
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 121-154 View citations (1)
   See also Working Paper (2007)

2002

2. Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises
   Chapter 5 in Banking, Financial Integration, and International Crises, 2002, vol. 3, pp 143-174 View citations (14)