Details about Sergio Schmukler

E-mail:
Homepage:	http://www.worldbank.org/en/about/people/s/sergio-schmukler
Phone:	202-458-4167
Postal address:	World Bank 1818 H Street NW, MC 3-301 Washington, DC 20433
Workplace:	Economics Research, World Bank Group, (more information at EDIRC)

Access statistics for papers by Sergio Schmukler.

Last updated 2024-12-06. Update your information in the RePEc Author Service.

Short-id: psc64

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Working Papers

2025

1. Crisis Credit, Employment Protection, Indebtedness, and Risk
   CESifo Working Paper Series, CESifo
   Also in Policy Research Working Paper Series, The World Bank (2024)

2024

2. Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds
   IMF Working Papers, International Monetary Fund
   Also in Policy Research Working Paper Series, The World Bank (2024)
   CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2024)

2023

3. BILATERAL INTERNATIONAL INVESTMENTS:THE BIG SUR?
   Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (5)
   Also in BIS Working Papers, Bank for International Settlements (2020) View citations (3)
   Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2023) View citations (6)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   Working Papers, Barcelona School of Economics (2020) View citations (1)
   Policy Research Working Paper Series, The World Bank (2020)
   See also Journal Article Bilateral international investments: The big sur?, Journal of International Economics, Elsevier (2023) View citations (2) (2023)
4. The Internationalization of China's Equity Markets
   Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences
   Also in Policy Research Working Paper Series, The World Bank (2023)
   IMF Working Papers, International Monetary Fund (2023)
   See also Journal Article The Internationalization of China’s Equity Markets, IMF Economic Review, Palgrave Macmillan (2024) (2024)
5. The Internationalization of China’s Equity Markets
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

6. The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk
   Working Papers Central Bank of Chile, Central Bank of Chile View citations (5)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022) View citations (6)
   Policy Research Working Paper Series, The World Bank (2022) View citations (5)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)

2021

7. The Boom in Corporate Borrowing after the Global Financial Crisis
   World Bank Publications - Reports, The World Bank Group

2020

8. Capital Market Financing and Firm Growth
   Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (1)
   Also in Policy Research Working Paper Series, The World Bank (2020) View citations (1)
   See also Journal Article Capital market financing and firm growth, Journal of International Money and Finance, Elsevier (2021) View citations (6) (2021)
9. Financing Firms in Hibernation During the COVID-19 Pandemic
   Research and Policy Briefs, The World Bank View citations (19)
   Also in Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2020) View citations (15)
   Working Papers Central Bank of Chile, Central Bank of Chile (2020) View citations (22)
   Policy Research Working Paper Series, The World Bank (2020) View citations (6)
   Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University (2020) View citations (14)
   World Bank Publications - Reports, The World Bank Group (2020) View citations (19)
   Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences (2020) View citations (4)
   See also Journal Article Financing firms in hibernation during the COVID-19 pandemic, Journal of Financial Stability, Elsevier (2021) View citations (79) (2021)
10. Global Corporate Debt during Crises: Implications of Switching Borrowing across Markets
    Policy Research Working Paper Series, The World Bank View citations (1)
    See also Journal Article Global corporate debt during crises: Implications of switching borrowing across markets, Journal of International Economics, Elsevier (2021) View citations (4) (2021)
11. Growth of Global Corporate Debt: Main Facts and Policy Challenges
    Policy Research Working Paper Series, The World Bank View citations (4)
12. Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (1)
    Also in Policy Research Working Paper Series, The World Bank (2019) View citations (16)
    Working Papers, The George Washington University, Institute for International Economic Policy (2019) View citations (16)
    NBER Working Papers, National Bureau of Economic Research, Inc (2019) View citations (16)
13. The Expansion of Corporate Bond Markets in East Asia and Latin America
    Documentos de Trabajo, The Latin American and Caribbean Economic Association (LACEA)
14. Toward Successful Development Policies: Insights from Research in Development Economics
    Policy Research Working Paper Series, The World Bank View citations (1)

2019

15. Capital Inflows, Equity Issuance Activity, and Corporate Investment
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (2)
    Policy Research Working Paper Series, The World Bank (2018) View citations (1)
    See also Journal Article Capital inflows, equity issuance activity, and corporate investment, Journal of Financial Intermediation, Elsevier (2021) View citations (7) (2021)
16. Financial Innovation and Additionality: The Power of Economic Analysis and Data Analytics
    Research and Policy Briefs, The World Bank
17. Robo-Advisors: Investing through Machines
    Research and Policy Briefs, The World Bank View citations (14)
18. The Rise of Domestic Capital Markets for Corporate Financing
    World Bank Publications - Reports, The World Bank Group
    Also in Policy Research Working Paper Series, The World Bank (2019) View citations (1)
19. The Rise of Domestic Capital Markets for Corporate Financing: Lessons from East Asia
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (1)
    See also Journal Article The rise of domestic capital markets for corporate financing: Lessons from East Asia, Journal of Banking & Finance, Elsevier (2021) View citations (8) (2021)
20. Using Big Data to Expand Financial Services
    World Bank Publications - Reports, The World Bank Group
21. Using Big Data to Expand Financial Services: Benefits and Risks
    Research and Policy Briefs, The World Bank View citations (1)

2018

22. Corporate Borrowing and Debt Maturity: The Effects of Market Access and Crises
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (6)
    Also in Policy Research Working Paper Series, The World Bank (2016)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (6)
23. Corporate Borrowing in Emerging Markets: Fairly Long Term, but Only for a Few
    Research and Policy Briefs, The World Bank View citations (2)
24. Financial integration in East Asia and Pacific: regional and interregional linkages
    Research and Policy Briefs, The World Bank
25. The Fintech Revolution: A Threat to Global Banking?
    Research and Policy Briefs, The World Bank View citations (22)

2017

26. A new role for development banks?
    Research and Policy Briefs, The World Bank
27. Addressing the SME finance problem
    Research and Policy Briefs, The World Bank View citations (13)
28. Are public credit guarantees worth the hype?
    Research and Policy Briefs, The World Bank
29. Capital Raising in the Arab World
    Working Papers, Economic Research Forum View citations (1)
30. Corporate Debt Maturity in Developing Countries: Sources of Long- and Short-Termism
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2017) View citations (2)
    See also Journal Article Corporate debt maturity in developing countries: Sources of long and short‐termism, The World Economy, Wiley Blackwell (2018) View citations (12) (2018)
31. Financial globalization: a glass half empty ?
    Policy Research Working Paper Series, The World Bank View citations (6)
32. Firm Financing and Growth in the Arab Region
    Working Papers, Economic Research Forum
    Also in Policy Research Working Paper Series, The World Bank (2016)
    See also Journal Article Firm financing and growth in the Arab region, Economic Systems, Elsevier (2018) View citations (3) (2018)
33. International Asset Allocations and Capital Flows: The Benchmark Effect
    Working Papers, The George Washington University, Institute for International Economic Policy View citations (43)
    Also in Working Papers, Hong Kong Institute for Monetary Research (2015) View citations (3)
    Policy Research Working Paper Series, The World Bank (2014) View citations (17)
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences (2017) View citations (62)
    See also Journal Article International asset allocations and capital flows: The benchmark effect, Journal of International Economics, Elsevier (2017) View citations (53) (2017)
34. International Financial Integration of East Asia and Pacific
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (11)
    Also in Policy Research Working Paper Series, The World Bank (2016) View citations (1)
    See also Journal Article International financial integration of East Asia and Pacific, Journal of the Japanese and International Economies, Elsevier (2017) View citations (7) (2017)
35. Understanding the Use of Long-term Finance in Developing Economies
    IMF Working Papers, International Monetary Fund View citations (5)

2016

36. Capital market financing, firm growth, and firm size distribution
    ESRB Working Paper Series, European Systemic Risk Board
    Also in Policy Research Working Paper Series, The World Bank (2015) View citations (7)
    Working Papers, Hong Kong Institute for Monetary Research (2015) View citations (13)
37. Public Credit Guarantees and Access to Finance
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics View citations (9)
    Also in Economic Research Papers, University of Warwick - Department of Economics (2016) View citations (7)

2015

38. Gross Capital Flows: Dynamics and Crises
    Working Papers, Barcelona School of Economics View citations (18)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (42)
    Working Papers, Banco de España (2011) View citations (46)
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2012) View citations (29)
    Policy Research Working Paper Series, The World Bank (2011) View citations (24)
    See also Journal Article Gross capital flows: Dynamics and crises, Journal of Monetary Economics, Elsevier (2013) View citations (424) (2013)
39. The changing patterns of financial integration in Latin America
    Policy Research Working Paper Series, The World Bank

2014

40. Capital Market Financing, Firm Growth, Firm Size Distribution
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
41. Debt Markets in Emerging Economies: Major Trends
    Working Papers, Hong Kong Institute for Monetary Research View citations (7)
    See also Journal Article Debt Markets in Emerging Economies: Major Trends, Comparative Economic Studies, Palgrave Macmillan (2014) View citations (8) (2014)
42. Financial development in Asia: beyond aggregate indicators
    Policy Research Working Paper Series, The World Bank View citations (5)
43. Institutional investors and long-term investment: evidence from Chile
    Policy Research Working Paper Series, The World Bank View citations (3)
    See also Journal Article Institutional Investors and Long-Term Investment: Evidence from Chile, The World Bank Economic Review, World Bank (2015) View citations (7) (2015)

2013

44. Financial development in Latin America and the Caribbean: stylized facts and the road ahead
    Policy Research Working Paper Series, The World Bank View citations (1)
45. Policy Responses to the Global Financial Crisis: What Did Emerging Economies Do Differently?
    Working Papers, Banco Central de Reserva del Perú View citations (7)
46. The Financing and Growth of Firms in China and India: Evidence from Capital Markets
    2013 Meeting Papers, Society for Economic Dynamics View citations (26)
    Also in Policy Research Working Paper Series, The World Bank (2013) View citations (26)
    See also Journal Article The financing and growth of firms in China and India: Evidence from capital markets, Journal of International Money and Finance, Elsevier (2013) View citations (25) (2013)

2012

47. Financial Globalization in Emerging Countries: Diversification vs. Offshoring
    Macroeconomics Working Papers, East Asian Bureau of Economic Research View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2012) View citations (2)
    ADBI Working Papers, Asian Development Bank Institute (2012) View citations (1)
    Finance Working Papers, East Asian Bureau of Economic Research (2012) View citations (2)
    Labor Economics Working Papers, East Asian Bureau of Economic Research (2012) View citations (2)
48. How Firms Use Domestic and International Corporate Bond Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
    Also in Policy Research Working Paper Series, The World Bank (2012) View citations (12)
49. On the International Transmission of Shocks: Micro – Evidence From Mutual Fund Portfolios
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (75)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (18)
    Policy Research Working Paper Series, The World Bank (2012) View citations (145)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2012)
    See also Journal Article On the international transmission of shocks: Micro-evidence from mutual fund portfolios, Journal of International Economics, Elsevier (2012) View citations (149) (2012)
    Chapter On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios, NBER Chapters, National Bureau of Economic Research, Inc (2011) View citations (13) (2011)

2011

50. Deconstructing herding: evidence from pension fund investment behavior
    Policy Research Working Paper Series, The World Bank View citations (5)
    See also Journal Article Deconstructing Herding: Evidence from Pension Fund Investment Behavior, Journal of Financial Services Research, Springer (2013) View citations (28) (2013)
51. How resilient and countercyclical were emerging economies to the global financial crisis ?
    Policy Research Working Paper Series, The World Bank View citations (30)
52. Unexploited gains from international diversification: patterns of portfolio holdings around the world
    Policy Research Working Paper Series, The World Bank View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (10)
    See also Journal Article Unexploited Gains From International Diversification: Patterns Of Portfolio Holdings Around The World, The Review of Economics and Statistics, MIT Press (2013) View citations (28) (2013)
53. Why do emerging economies borrow short term?
    Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra View citations (22)
    Also in Policy Research Working Paper Series, The World Bank (2004) View citations (72)
    Working Papers, Barcelona School of Economics View citations (262)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (38)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (38)
    2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (1)
    See also Journal Article WHY DO EMERGING ECONOMIES BORROW SHORT TERM?, Journal of the European Economic Association, European Economic Association (2013) View citations (154) (2013)

2010

54. Pension Funds And Capital Market Development: How Much Bang For The Buck?
    Working Papers, Superintendencia de Pensiones View citations (1)
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (10)
55. The Long and the Short of Emerging Market Debt
    Working Papers, Superintendencia de Pensiones View citations (2)
    Also in Policy Research Working Paper Series, The World Bank (2009) View citations (5)
    Working Papers Central Bank of Chile, Central Bank of Chile (2009) View citations (5)

2009

56. Back to Global Imbalances?
    World Bank Publications - Reports, The World Bank Group
57. Crises, Capital Controls, and Financial Integration
    Working Papers, eSocialSciences
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (7)
    See also Chapter Crises, Capital Controls and Financial Integration, Chapters, Edward Elgar Publishing (2010) (2010)
58. Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework
    CESifo Working Paper Series, CESifo View citations (7)
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (3)
59. Patterns of International Capital Raisings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Policy Research Working Paper Series, The World Bank (2008) View citations (5)
    See also Journal Article Patterns of international capital raisings, Journal of International Economics, Elsevier (2010) View citations (52) (2010)
60. Sovereign risk and international portfolio dynamics
    2009 Meeting Papers, Society for Economic Dynamics

2008

61. Bank involvement with SMEs: beyond relationship lending
    Policy Research Working Paper Series, The World Bank View citations (29)
    See also Journal Article Bank involvement with SMEs: Beyond relationship lending, Journal of Banking & Finance, Elsevier (2010) View citations (163) (2010)
62. How Do Banks Serve SMEs? Business and Risk Management Models
    World Bank Publications - Reports, The World Bank Group View citations (2)

2007

63. Capital market development: whither Latin America ?
    Policy Research Working Paper Series, The World Bank View citations (14)
    See also Chapter Capital Market Development: Whither Latin America?, NBER Chapters, National Bureau of Economic Research, Inc (2008) View citations (8) (2008)
64. Emerging market liquidity and crises
    Policy Research Working Paper Series, The World Bank View citations (4)
    See also Journal Article Emerging Market Liquidity and Crises, Journal of the European Economic Association, MIT Press (2008) View citations (27) (2008)
65. Innovative experiences in access to finance: market friendly roles for the visible hand ?
    Policy Research Working Paper Series, The World Bank View citations (44)
66. International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?
    IMF Working Papers, International Monetary Fund View citations (65)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2007) View citations (65)
    Policy Research Working Paper Series, The World Bank (2007) View citations (64)
    See also Journal Article International financial integration through equity markets: Which firms from which countries go global?, Journal of International Money and Finance, Elsevier (2007) View citations (64) (2007)
67. Stock market development under globalization: whither the gains from reforms ?
    Policy Research Working Paper Series, The World Bank View citations (42)
    See also Journal Article Stock market development under globalization: Whither the gains from reforms?, Journal of Banking & Finance, Elsevier (2007) View citations (42) (2007)
68. The international financial integration of China and India
    Policy Research Working Paper Series, The World Bank View citations (30)
    Also in The Institute for International Integration Studies Discussion Paper Series, IIIS (2006) View citations (19)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) View citations (22)
    See also Journal Article The international financial integration of China and India, Proceedings, Federal Reserve Bank of San Francisco (2006) View citations (14) (2006)

2006

69. Financial development in Latin America: big emerging issues, limited policy answers
    Policy Research Working Paper Series, The World Bank View citations (5)
70. International Financial Integration through the Law of One Price
    Business School Working Papers, Universidad Torcuato Di Tella View citations (13)
    Also in Policy Research Working Paper Series, The World Bank (2006) View citations (20)
71. Internationalization and the evolution of corporate valuation
    Policy Research Working Paper Series, The World Bank View citations (17)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) View citations (13)
    See also Journal Article Internationalization and the evolution of corporate valuation, Journal of Financial Economics, Elsevier (2008) View citations (90) (2008)
72. Vanishing Contagion?
    IMF Policy Discussion Papers, International Monetary Fund

2005

73. Internationalization and Stock Market Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
    See also Journal Article Internationalization and Stock Market Liquidity, Review of Finance, European Finance Association (2006) View citations (68) (2006)
74. Whither Latin American Capital Markets?
    World Bank Publications - Reports, The World Bank Group View citations (11)
    Also in World Bank Publications - Reports, The World Bank Group (2004) View citations (3)

2004

75. Coping with risk through mismatches: domestic and international financial contracts for emerging economies
    Policy Research Working Paper Series, The World Bank View citations (35)
    See also Journal Article Coping with Risks through Mismatches: Domestic and International Financial Contracts for Emerging Economies, International Finance, Wiley Blackwell (2004) View citations (37) (2004)
76. Distributional effects of crises: the financial channel
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (2)
    See also Journal Article Distributional Effects of Crises: The Financial Channel, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2004) View citations (45) (2004)
77. Market Discipline in Emerging Economies: Beyond Bank Fundamentals
    Business School Working Papers, Universidad Torcuato Di Tella View citations (19)
78. Market Discipline under Systemic Risk: Evidence from Bank Runs in Emerging Economies
    Econometric Society 2004 Latin American Meetings, Econometric Society View citations (22)
    Also in Policy Research Working Paper Series, The World Bank (2004) View citations (16)
    Business School Working Papers, Universidad Torcuato Di Tella (2004) View citations (21)

2003

79. Distributional effects of crises: the role of financial transfers
    Policy Research Working Paper Series, The World Bank View citations (17)
80. 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 (59)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (48)
81. 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 (75)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2003) View citations (1)
    Policy Research Working Paper Series, The World Bank (2003) View citations (65)
    See also Journal Article Living and Dying with Hard Pegs: The Rise and Fall of Argentina’s Currency Board, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2003) View citations (72) (2003)
82. Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (28)
83. Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (259)
    Also in IMF Working Papers, International Monetary Fund (2003) View citations (213)
    Policy Research Working Paper Series, The World Bank (2002) View citations (94)
84. The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine crisis"
    Business School Working Papers, Universidad Torcuato Di Tella View citations (5)
    Also in Policy Research Working Paper Series, The World Bank (2003) View citations (5)
    See also Journal Article The price of inconvertible deposits: the stock market boom during the Argentine crisis, Economics Letters, Elsevier (2004) View citations (25) (2004)

2002

85. Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres
    WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER) View citations (16)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (42)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (28)
86. Financial globalization: Unequal blessings
    Business School Working Papers, Universidad Torcuato Di Tella View citations (17)
    Also in Sede de la CEPAL en Santiago (Estudios e Investigaciones), Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) (2002) View citations (14)
    Policy Research Working Paper Series, The World Bank (2002) View citations (18)
    See also Journal Article Financial Globalization: Unequal Blessings, International Finance, Wiley Blackwell (2002) View citations (14) (2002)
87. Global Transmission of Interest Rates: Monetary Independence and Currency Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (44)
    Also in Policy Research Working Paper Series, The World Bank (2000) View citations (18)
    See also Journal Article Global transmission of interest rates: monetary independence and currency regime, Journal of International Money and Finance, Elsevier (2004) View citations (235) (2004)
88. Pricing Currency Risk: Facts and Puzzles from Currency Boards
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    Also in Policy Research Working Paper Series, The World Bank (2002) View citations (11)
89. 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 (20)

2001

90. Crisis and contagion in East Asia: nine lessons
    Policy Research Working Paper Series, The World Bank View citations (8)
91. Emerging markets instability: do sovereign ratings affect country risk and stock returns?
    Policy Research Working Paper Series, The World Bank View citations (38)
    See also Journal Article Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?, The World Bank Economic Review, World Bank (2002) View citations (219) (2002)
92. 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 (14)
93. Mutual fund investment in emerging markets - an overview
    Policy Research Working Paper Series, The World Bank View citations (87)
    See also Journal Article Mutual Fund Investment in Emerging Markets: An Overview, The World Bank Economic Review, World Bank (2001) (2001)
94. Short and long-run integration: do capital controls matter ?
    Policy Research Working Paper Series, The World Bank View citations (19)

2000

95. Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
    Also in Policy Research Working Paper Series, The World Bank (2000) View citations (36)
    See also Journal Article Managers, investors, and crises: mutual fund strategies in emerging markets, Journal of International Economics, Elsevier (2004) View citations (129) (2004)
96. Verifiability and the Vanishing Intermediate Exchange Rate Regime
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (63)
97. Verifying exchange rate regimes
    Policy Research Working Paper Series, The World Bank View citations (15)
    See also Journal Article Verifying exchange rate regimes, Journal of Development Economics, Elsevier (2001) View citations (71) (2001)

1999

98. 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 (7)
    Also in Working Papers, Cambridge - Risk, Information & Quantity Signals (1999) View citations (5)
99. 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)
100. Predicting currency fluctuations and crises - do resident firms have an informational advantage?
     Policy Research Working Paper Series, The World Bank View citations (18)
     See also Journal Article Predicting currency fluctuations and crises: Do resident firms have an informational advantage?, Journal of International Money and Finance, Elsevier (2005) View citations (32) (2005)
101. 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 (222)
     Also in Policy Research Working Paper Series, The World Bank (1999) View citations (237)
     See also Journal Article What triggers market jitters?: A chronicle of the Asian crisis, Journal of International Money and Finance, Elsevier (1999) View citations (265) (1999)

1998

102. Country Funds and Asymmetric Information
     International Finance, University Library of Munich, Germany View citations (10)
     Also in Policy Research Working Paper Series, The World Bank (1998) View citations (5)
     Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley (1997) View citations (11)
     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 (6)
     See also Journal Article Country Funds and Asymmetric Information, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2000) View citations (47) (2000)
103. 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 (14)

1996

104. Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?
     Center for International and Development Economics Research (CIDER) Working Papers, University of California at Berkeley View citations (40)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) View citations (70)
     Center for International and Development Economics Research (CIDER) Working Papers, University of California-Berkeley, Department of Economics (1996) View citations (80)
105. 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 (19)
     See also Journal Article Country fund discounts and the mexican crisis of December 1994: Did local residents turn pessimistic before international investors?, Open Economies Review, Springer (1996) View citations (83) (1996)
106. 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 (29)
     See also Journal Article Crisis, contagion, and country funds: effects on East Asia and Latin America, Proceedings, Federal Reserve Bank of San Francisco (1996) View citations (22) (1996)

Journal Articles

2024

1. The Internationalization of China’s Equity Markets
   IMF Economic Review, 2024, 72, (2), 554-610
   See also Working Paper The Internationalization of China's Equity Markets, Mo.Fi.R. Working Papers (2023) (2023)

2023

2. Bilateral international investments: The big sur?
   Journal of International Economics, 2023, 145, (C) View citations (2)
   See also Working Paper BILATERAL INTERNATIONAL INVESTMENTS:THE BIG SUR?, Mo.Fi.R. Working Papers (2023) View citations (5) (2023)

2022

3. Large international corporate bonds: Investor behavior and firm responses
   Journal of International Economics, 2022, 137, (C) View citations (5)

2021

4. Capital inflows, equity issuance activity, and corporate investment
   Journal of Financial Intermediation, 2021, 46, (C) View citations (7)
   See also Working Paper Capital Inflows, Equity Issuance Activity, and Corporate Investment, Mo.Fi.R. Working Papers (2019) View citations (6) (2019)
5. Capital market financing and firm growth
   Journal of International Money and Finance, 2021, 118, (C) View citations (6)
   See also Working Paper Capital Market Financing and Firm Growth, Mo.Fi.R. Working Papers (2020) View citations (1) (2020)
6. Financing firms in hibernation during the COVID-19 pandemic
   Journal of Financial Stability, 2021, 53, (C) View citations (79)
   See also Working Paper Financing Firms in Hibernation During the COVID-19 Pandemic, Research and Policy Briefs (2020) View citations (19) (2020)
7. Global corporate debt during crises: Implications of switching borrowing across markets
   Journal of International Economics, 2021, 131, (C) View citations (4)
   See also Working Paper Global Corporate Debt during Crises: Implications of Switching Borrowing across Markets, Policy Research Working Paper Series (2020) View citations (1) (2020)
8. L'essor des marchés des obligations d'entreprise en Asie de l'Est et en Amérique latine
   Revue d'économie financière, 2021, N° 141, (1), 45-70
9. The rise of domestic capital markets for corporate financing: Lessons from East Asia
   Journal of Banking & Finance, 2021, 122, (C) View citations (8)
   See also Working Paper The Rise of Domestic Capital Markets for Corporate Financing: Lessons from East Asia, Mo.Fi.R. Working Papers (2019) View citations (1) (2019)

2018

10. Corporate debt maturity in developing countries: Sources of long and short‐termism
    The World Economy, 2018, 41, (12), 3288-3316 View citations (12)
    See also Working Paper Corporate Debt Maturity in Developing Countries: Sources of Long- and Short-Termism, Mo.Fi.R. Working Papers (2017) View citations (2) (2017)
11. Firm financing and growth in the Arab region
    Economic Systems, 2018, 42, (2), 361-383 View citations (3)
    See also Working Paper Firm Financing and Growth in the Arab Region, Working Papers (2017) (2017)

2017

12. International asset allocations and capital flows: The benchmark effect
    Journal of International Economics, 2017, 108, (C), 413-430 View citations (53)
    See also Working Paper International Asset Allocations and Capital Flows: The Benchmark Effect, Working Papers (2017) View citations (43) (2017)
13. International financial integration of East Asia and Pacific
    Journal of the Japanese and International Economies, 2017, 44, (C), 52-66 View citations (7)
    See also Working Paper International Financial Integration of East Asia and Pacific, Mo.Fi.R. Working Papers (2017) View citations (11) (2017)

2015

14. How firms use corporate bond markets under financial globalization
    Journal of Banking & Finance, 2015, 58, (C), 532-551 View citations (33)
15. Institutional Investors and Long-Term Investment: Evidence from Chile
    The World Bank Economic Review, 2015, 29, (3), 479-522 View citations (7)
    See also Working Paper Institutional investors and long-term investment: evidence from Chile, Policy Research Working Paper Series (2014) View citations (3) (2014)

2014

16. Debt Markets in Emerging Economies: Major Trends
    Comparative Economic Studies, 2014, 56, (2), 200-228 View citations (8)
    See also Working Paper Debt Markets in Emerging Economies: Major Trends, Working Papers (2014) View citations (7) (2014)

2013

17. Deconstructing Herding: Evidence from Pension Fund Investment Behavior
    Journal of Financial Services Research, 2013, 43, (1), 99-126 View citations (28)
    See also Working Paper Deconstructing herding: evidence from pension fund investment behavior, Policy Research Working Paper Series (2011) View citations (5) (2011)
18. Gross capital flows: Dynamics and crises
    Journal of Monetary Economics, 2013, 60, (1), 113-133 View citations (424)
    See also Working Paper Gross Capital Flows: Dynamics and Crises, Working Papers (2015) View citations (18) (2015)
19. The financing and growth of firms in China and India: Evidence from capital markets
    Journal of International Money and Finance, 2013, 39, (C), 111-137 View citations (25)
    See also Working Paper The Financing and Growth of Firms in China and India: Evidence from Capital Markets, 2013 Meeting Papers (2013) View citations (26) (2013)
20. Unexploited Gains From International Diversification: Patterns Of Portfolio Holdings Around The World
    The Review of Economics and Statistics, 2013, 95, (5), 1562-1583 View citations (28)
    See also Working Paper Unexploited gains from international diversification: patterns of portfolio holdings around the world, Policy Research Working Paper Series (2011) View citations (8) (2011)
21. WHY DO EMERGING ECONOMIES BORROW SHORT TERM?
    Journal of the European Economic Association, 2013, 11, 67-100 View citations (154)
    See also Working Paper Why do emerging economies borrow short term?, Economics Working Papers (2011) View citations (22) (2011)

2012

22. 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 (79)
23. On the international transmission of shocks: Micro-evidence from mutual fund portfolios
    Journal of International Economics, 2012, 88, (2), 357-374 View citations (149)
    See also Working Paper On the International Transmission of Shocks: Micro – Evidence From Mutual Fund Portfolios, Working Papers Central Bank of Chile (2012) View citations (75) (2012)
    Chapter On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios, NBER Chapters, 2011 (2011) View citations (13) (2011)
24. Respuestas de política a la crisis financiera global: ¿Qué hicieron diferente las economías emergentes?
    Revista Estudios Económicos, 2012, (24), 27-43

2010

25. Bank involvement with SMEs: Beyond relationship lending
    Journal of Banking & Finance, 2010, 34, (9), 2280-2293 View citations (163)
    See also Working Paper Bank involvement with SMEs: beyond relationship lending, Policy Research Working Paper Series (2008) View citations (29) (2008)
26. 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 (10)
    Also in Journal of Money, Credit and Banking, 2010, 42, (4), 585-614 (2010) View citations (47)
27. Patterns of international capital raisings
    Journal of International Economics, 2010, 80, (1), 45-57 View citations (52)
    See also Working Paper Patterns of International Capital Raisings, NBER Working Papers (2009) View citations (3) (2009)

2009

28. 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 (36)

2008

29. Emerging Market Liquidity and Crises
    Journal of the European Economic Association, 2008, 6, (2-3), 668-682 View citations (27)
    See also Working Paper Emerging market liquidity and crises, Policy Research Working Paper Series (2007) View citations (4) (2007)
30. Internationalization and the evolution of corporate valuation
    Journal of Financial Economics, 2008, 88, (3), 607-632 View citations (90)
    See also Working Paper Internationalization and the evolution of corporate valuation, Policy Research Working Paper Series (2006) View citations (17) (2006)
31. Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles
    Review of Finance, 2008, 12, (2), 253-292 View citations (126)
32. Vanishing financial contagion?
    Journal of Policy Modeling, 2008, 30, (5), 775-791 View citations (23)

2007

33. 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 (89)
34. 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 (64)
    See also Working Paper International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?, IMF Working Papers (2007) View citations (65) (2007)
35. 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 (30)
36. Stock market development under globalization: Whither the gains from reforms?
    Journal of Banking & Finance, 2007, 31, (6), 1731-1754 View citations (42)
    See also Working Paper Stock market development under globalization: whither the gains from reforms ?, Policy Research Working Paper Series (2007) View citations (42) (2007)
37. The Evolving Role of China and India in the Global Financial System
    Open Economies Review, 2007, 18, (4), 499-520 View citations (17)

2006

38. 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 View citations (1)
39. Financial globalization and debt maturity in emerging economies
    Journal of Development Economics, 2006, 79, (1), 183-207 View citations (75)
40. Internationalization and Stock Market Liquidity
    Review of Finance, 2006, 10, (1), 153-187 View citations (68)
    See also Working Paper Internationalization and Stock Market Liquidity, NBER Working Papers (2005) View citations (20) (2005)
41. Stock market development and internationalization: Do economic fundamentals spur both similarly?
    Journal of Empirical Finance, 2006, 13, (3), 316-350 View citations (51)
42. The international financial integration of China and India
    Proceedings, 2006, (Jun) View citations (14)
    See also Working Paper The international financial integration of China and India, Policy Research Working Paper Series (2007) View citations (30) (2007)

2005

43. Financial Crises: Nine Lessons from East Asia
    Eastern Economic Journal, 2005, 31, (2), 185-207 View citations (5)
44. 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 (32)
    See also Working Paper Predicting currency fluctuations and crises - do resident firms have an informational advantage?, Policy Research Working Paper Series (1999) View citations (18) (1999)

2004

45. Coping with Risks through Mismatches: Domestic and International Financial Contracts for Emerging Economies
    International Finance, 2004, 7, (3), 349-390 View citations (37)
    See also Working Paper Coping with risk through mismatches: domestic and international financial contracts for emerging economies, Policy Research Working Paper Series (2004) View citations (35) (2004)
46. Distributional Effects of Crises: The Financial Channel
    Economía Journal, 2004, Volume 5 Number 1, (Fall 2004), 1-67 View citations (45)
    See also Working Paper Distributional effects of crises: the financial channel, LSE Research Online Documents on Economics (2004) View citations (2) (2004)
47. Financial globalization: gain and pain for developing countries
    Economic Review, 2004, 89, (Q 2), 39 - 66 View citations (35)
48. Global transmission of interest rates: monetary independence and currency regime
    Journal of International Money and Finance, 2004, 23, (5), 701-733 View citations (235)
    See also Working Paper Global Transmission of Interest Rates: Monetary Independence and Currency Regime, NBER Working Papers (2002) View citations (44) (2002)
49. Managers, investors, and crises: mutual fund strategies in emerging markets
    Journal of International Economics, 2004, 64, (1), 113-134 View citations (129)
    See also Working Paper Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets, NBER Working Papers (2000) View citations (35) (2000)
50. The price of inconvertible deposits: the stock market boom during the Argentine crisis
    Economics Letters, 2004, 83, (1), 7-13 View citations (25)
    See also Working Paper The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine crisis", Business School Working Papers (2003) View citations (5) (2003)

2003

51. Living and Dying with Hard Pegs: The Rise and Fall of Argentina’s Currency Board
    Economía Journal, 2003, Volume 3 Number 2, (Spring 2003), 43-108 View citations (72)
    See also Working Paper Living and Dying with Hard Pegs: The Rise and Fall of Argentina´s Currency Board, Business School Working Papers (2003) View citations (75) (2003)

2002

52. Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?
    The World Bank Economic Review, 2002, 16, (2), 171-195 View citations (219)
    See also Working Paper Emerging markets instability: do sovereign ratings affect country risk and stock returns?, Policy Research Working Paper Series (2001) View citations (38) (2001)
53. Financial Globalization: Unequal Blessings
    International Finance, 2002, 5, (3), 335-357 View citations (14)
    See also Working Paper Financial globalization: Unequal blessings, Business School Working Papers (2002) View citations (17) (2002)
54. Pricing currency risk under currency boards
    Journal of Development Economics, 2002, 69, (2), 367-391 View citations (32)

2001

55. Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises
    Journal of Finance, 2001, 56, (3), 1029-1051 View citations (399)
    See also Chapter Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises, Central Banking, Analysis, and Economic Policies Book Series, 2002, 3, 143-174 (2002) View citations (18) (2002)
56. Mutual Fund Investment in Emerging Markets: An Overview
    The World Bank Economic Review, 2001, 15, (2), 315--340
    See also Working Paper Mutual fund investment in emerging markets - an overview, Policy Research Working Paper Series (2001) View citations (87) (2001)
57. Verifying exchange rate regimes
    Journal of Development Economics, 2001, 66, (2), 351-386 View citations (71)
    See also Working Paper Verifying exchange rate regimes, Policy Research Working Paper Series (2000) View citations (15) (2000)

2000

58. Country Funds and Asymmetric Information
    International Journal of Finance & Economics, 2000, 5, (3), 177-95 View citations (47)
    See also Working Paper Country Funds and Asymmetric Information, International Finance (1998) View citations (10) (1998)

1999

59. What triggers market jitters?: A chronicle of the Asian crisis
    Journal of International Money and Finance, 1999, 18, (4), 537-560 View citations (265)
    See also Working Paper What triggers market jitters: a chronicle of the Asian crisis, International Finance Discussion Papers (1999) View citations (222) (1999)

1996

60. 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 (83)
    See also Working Paper Country fund discounts and the Mexican crisis of December 1994: did local residents turn pessimistic before international investors?, International Finance Discussion Papers (1996) View citations (19) (1996)
61. Crisis, contagion, and country funds: effects on East Asia and Latin America
    Proceedings, 1996, 232-266 View citations (22)
    See also Working Paper Crisis, contagion, and country funds: effects on East Asia and Latin America, Pacific Basin Working Paper Series (1996) View citations (29) (1996)

Books

2017

1. Innovative Experiences in Access to Finance
   World Bank Publications - Books, The World Bank Group View citations (10)

2015

2. Latin America and the Rising South
   World Bank Publications - Books, The World Bank Group View citations (11)

2014

3. Emerging Issues in Financial Development: Lessons from Latin America
   World Bank Publications - Books, The World Bank Group View citations (11)

2012

4. Financial Development in Latin America and the Caribbean: The Road Ahead
   (El desarrollo financiero en América Latina y el Caribe: el camino por delante)
   World Bank Publications - Books, The World Bank Group View citations (28)

2007

5. El desarrollo económico en América Latina: grandes problemas emergentes, respuestas políticas limitadas
   Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL)
6. Emerging Capital Markets and Globalization: The Latin American Experience
   World Bank Publications - Books, The World Bank Group View citations (22)
   Also in IDB Publications (Books), Inter-American Development Bank (2007) View citations (3)

2003

7. Financial Crises in Japan and Latin America
   IDB Publications (Books), Inter-American Development Bank View citations (1)

Chapters

2012

1. Latin American Stock Markets: Recent History and Prospects
   Chapter 10 in Handbook of Research on Stock Market Globalization, 2012

2011

2. On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios
   A chapter in Global Financial Crisis, 2011 View citations (13)
   See also Working Paper On the International Transmission of Shocks: Micro – Evidence From Mutual Fund Portfolios, Central Bank of Chile (2012) View citations (75) (2012)
   Journal Article On the international transmission of shocks: Micro-evidence from mutual fund portfolios, Elsevier (2012) View citations (149) (2012)

2010

3. Crises, Capital Controls and Financial Integration
   Chapter 6 in Managing Capital Flows, 2010
   See also Working Paper Crises, Capital Controls, and Financial Integration, eSocialSciences (2009) (2009)

2008

4. Capital Market Development: Whither Latin America?
   A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 121-154 View citations (8)
   See also Working Paper Capital market development: whither Latin America ?, The World Bank (2007) View citations (14) (2007)

2002

5. 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 (18)
   See also Journal Article Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises, American Finance Association (2001) View citations (399) (2001)