Details about Sebastian Edwards

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

Access statistics for papers by Sebastian Edwards.

Last updated 2023-03-10. Update your information in the RePEc Author Service.

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Working Papers

2025

1. Expropriation Without Compensation: Copper in Chile, 1970-1973
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. One Hundred Years of Exchange Rate Economics at The University of Chicago: 1892-1992
   NBER Working Papers, National Bureau of Economic Research, Inc
3. The Debauchery of Currency and Inflation: Chile, 1970-1973
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2021

4. Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
5. Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates: Iceland and the 2008 Crisis
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
6. Macroprudential Policies and The Covid-19 Pandemic: Risks and Challenges For Emerging Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2020

7. Milton Friedman and Exchange Rates in Developing Countries
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2019

8. Change of Monetary Regime, Contracts, and Prices: Lessons from the Great Depression, 1932-1935
   NBER Working Papers, National Bureau of Economic Research, Inc
9. On Latin American Populism, And Its Echoes Around the World
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)

2018

10. Keynes on the Sequencing of Economic Policy: Recovery and Reform in 1933
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2017

11. Keynes and the Dollar in 1933
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
12. The London Monetary and Economic Conference of 1933 and the End of The Great Depression: A “Change of Regime” Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2015

13. Academics as Economic Advisers: Gold, the ‘Brains Trust,’ and FDR
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
14. Monetary Policy Independence under Flexible Exchange Rates: An Illusion?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
15. Sovereign Default, Debt Restructuring, and Recovery Rates: Was the Argentinean “Haircut” Excessive?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
16. The U.S. Debt Restructuring of 1933: Consequences and Lessons
    NBER Working Papers, National Bureau of Economic Research, Inc

2014

17. Constitutional Rights and Education: An International Comparative Study
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
18. Economic Development and the Effectiveness of Foreign Aid: A Historical Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2012

19. Is Tanzania a Success Story? A Long Term Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
    See also Chapter Is Tanzania a Success Story? A Long-Term Analysis, NBER Chapters, National Bureau of Economic Research, Inc (2014) (2014)
20. The Federal Reserve, Emerging Markets, and Capital Controls: A High Frequency Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)

2011

21. Adjustment patterns to commodity terms of trade shocks: the role of exchange rate and international reserves policies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
22. Exchange Rates in Emerging Countries: Eleven Empirical Regularities from Latin America and East Asia
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)

2009

23. FORTY YEARS OF LATIN AMERICA'S ECONOMIC DEVELOPMENT: From the Alliance for Progress to the Washington Consensus
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
24. Latin America's Decline: A Long Historical View
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2008

25. Globalization, Growth and Crises: The View from Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
26. Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Chapter Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability, NBER Chapters, National Bureau of Economic Research, Inc (2009) View citations (16) (2009)

2007

27. Capital Controls, Capital Flow Contractions, and Macroeconomic Vulnerability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (74)
    See also Journal Article Capital controls, capital flow contractions, and macroeconomic vulnerability, Journal of International Money and Finance, Elsevier (2007) View citations (69) (2007)
28. Crises and Growth: A Latin American Perspective
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    Also in IFCS - Working Papers in Economic History.WH, Universidad Carlos III de Madrid. Instituto Figuerola (2007) View citations (28)
29. On Current Account Surpluses and the Correction of Global Imbalances
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)

2006

30. External Imbalances in an Advanced, Commodity-Exporting Country: The Case of New Zealand
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
31. Monetary Unions, External Shocks and Economic Performance
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (44)
32. Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective
    Working Papers, Bank of Greece View citations (45)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (37)
    See also Journal Article Monetary unions, external shocks and economic performance: A Latin American perspective, International Economics and Economic Policy, Springer (2006) View citations (43) (2006)
33. The Relationship Between Exchange Rates and Inflation Targeting Revisited
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (169)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2006) View citations (157)
34. The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article The U.S. current account deficit: Gradual correction or abrupt adjustment?, Journal of Policy Modeling, Elsevier (2006) View citations (13) (2006)

2005

35. Capital Controls, Exchange Rate Volatility and External Vulnerability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
36. Capital Controls, Sudden Stops and Current Account Reversals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (104)
    See also Chapter Capital Controls, Sudden Stops, and Current Account Reversals, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (55) (2007)
37. Establishing Credibility: The Role of Foreign Advisors
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
38. Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (120)
39. Managing the Capital Account
    Working Papers Central Bank of Chile, Central Bank of Chile
40. The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Journal Article The end of large current account deficits: 1970-2002: are there lessons for the United States?, Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City (2005) View citations (11) (2005)

2004

41. Financial Openness, Sudden Stops and Current Account Reversals
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (158)
    See also Journal Article Financial Openness, Sudden Stops, and Current-Account Reversals, American Economic Review, American Economic Association (2004) View citations (152) (2004)
42. Flexible Exchange Rates as Shock Absorbers
    Business School Working Papers, Universidad Torcuato Di Tella View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations (91)
    See also Journal Article Flexible exchange rates as shock absorbers, European Economic Review, Elsevier (2005) View citations (200) (2005)
43. The Economics of Latin American Art: Creativity Patterns and Rates of Return
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
44. Thirty Years of Current Account Imbalances, Current Account Reversals and Sudden Stops
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (229)

2003

45. A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
46. Stock Market Cycles, Financial Liberalization and Volatility
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (88)
    Also in Faculty Working Papers, School of Economics and Business Administration, University of Navarra (2003) View citations (82)
    See also Journal Article Stock market cycles, financial liberalization and volatility, Journal of International Money and Finance, Elsevier (2003) View citations (79) (2003)
47. Strict Dollarization and Economic Performance: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (9)
    See also Journal Article Strict Dollarization and Economic Performance: An Empirical Investigation, Journal of Money, Credit and Banking, Blackwell Publishing (2006) View citations (20) (2006)

2002

48. Debt Relief and Fiscal Sustainability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (22)
    See also Journal Article Debt relief and fiscal sustainability, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2003) View citations (9) (2003)
49. Dollarization and Economic Performance: What Do We Really Know?
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (12)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2002) View citations (11)
    See also Journal Article Dollarization and economic performance: What do we really know?, International Journal of Finance & Economics, John Wiley & Sons, Ltd. (2003) View citations (27) (2003)
50. Social Security Privatization Reform and Labor Markets: The Case of Chile
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (35)
51. The Great Exchange Rate Debate After Argentina
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
    Also in Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) (2002) View citations (61)
    See also Journal Article The great exchange rate debate after Argentina, The North American Journal of Economics and Finance, Elsevier (2002) View citations (61) (2002)

2001

52. Capital Mobility and Economic Performance: Are Emerging Economies Different?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (269)
53. Does the Current Account Matter?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (95)
    See also Chapter Does the Current Account Matter?, NBER Chapters, National Bureau of Economic Research, Inc (2002) View citations (84) (2002)
54. Dollarization and Economic Performance: An Empirical Investigation
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
55. Dollarization, Inflation and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (23)
56. Exchange Rate Regimes, Capital Flows and Crisis Prevention
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
57. Volatility Dependence and Contagion in Emerging Equity Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (152)
    See also Journal Article Volatility dependence and contagion in emerging equity markets, Journal of Development Economics, Elsevier (2001) View citations (162) (2001)

2000

58. Controls on Capital Inflows: Do they Work?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (272)
    See also Journal Article Controls on capital inflows: do they work?, Journal of Development Economics, Elsevier (2000) View citations (269) (2000)
59. Economic Reforms and Labor Markets: Policy Issues and Lessons from Chile
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (45)
60. Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (17)
61. Interest Rates, Contagion and Capital Controls
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)

1999

62. Contagion and Volatility in the 1990s
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA View citations (3)
63. Crisis Prevention: Lessons from Mexico and East Asia
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (62)
64. Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (171)
65. How Effective are Capital Controls?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (291)
    See also Journal Article How Effective Are Capital Controls?, Journal of Economic Perspectives, American Economic Association (1999) View citations (290) (1999)

1998

66. Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (75)
    See also Chapter Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences, NBER Chapters, National Bureau of Economic Research, Inc (2000) View citations (22) (2000)
67. Capital Inflows into Latin America: A Stop-Go Story?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (34)
68. Interest Rate Volatility, Capital Controls, and Contagion
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (79)
69. Stabilization, Persistence, and Inflationary Convergence: A Comparative Analysis
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
70. The Morning After: The Mexican Peso in the Aftermath of the 1994 Currency Crisis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
71. The Political Economy of Unilateral Trade Liberalization: The Case of Chile
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (29)

1997

72. Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates
    CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA View citations (141)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (153)
    See also Journal Article Banks and macroeconomic disturbances under predetermined exchange rates, Journal of Monetary Economics, Elsevier (1997) View citations (161) (1997)
73. Openness, Productivity and Growth: What Do We Really Know?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (59)
    See also Journal Article Openness, Productivity and Growth: What Do We Really Know?, Economic Journal, Royal Economic Society (1998) View citations (960) (1998)
74. The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)

1996

75. A Tale of Two Crises: Chile and Mexico
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (37)
76. Public Sector Deficits and Macroeconomic Stability in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
77. The Chilean Pension Reform: A Pioneering Program
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
    See also Chapter The Chilean Pension Reform: A Pioneering Program, NBER Chapters, National Bureau of Economic Research, Inc (1998) View citations (17) (1998)
78. The Determinants of the Choice between Fixed and Flexible Exchange-Rate Regimes
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (120)

1995

79. Why are Saving Rates so Different Across Countries?: An International Comparative Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (161)

1994

80. Fixed Exchange Rates, Inflation and Macroeconomic Discipline
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
81. Macroeconomic Stabilization in Latin America: Recent Experience and Some Sequencing Issues
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
82. Trade and Industrial Policy Reform in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)

1993

83. Exchange Rates, Inflation and Disinflation: Latin American Experiences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (24)
84. The Political Economy of Infaliton and Stabilization in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
85. Trade Policy, Exchange Rates and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (25)
    See also Chapter Trade Policy, Exchange Rates, and Growth, NBER Chapters, National Bureau of Economic Research, Inc (1995) View citations (16) (1995)

1992

86. Devaluation Controversies in the Developing Countries: Lessons From the Bretton Woods Era
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    See also Chapter Devaluation Controversies in the Developing Countries: Lessons from the Bretton Woods Era, NBER Chapters, National Bureau of Economic Research, Inc (1993) View citations (69) (1993)
87. Exchange Rates as Nominal Anchors
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
88. Sequencing and Welfare: Labor Markets and Agriculture
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

1991

89. Political Instability, Political Weakness and Inflation: An Empirical Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (40)
90. Stabilization and Liberalization Policies in Central and Eastern Europe: Lessons From Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
91. The political economy of fiscal policy and inflation in developing countries: an empirical analysis
    Policy Research Working Paper Series, The World Bank View citations (4)
92. Trade Orientation, Distortions and Growth in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
    See also Journal Article Trade orientation, distortions and growth in developing countries, Journal of Development Economics, Elsevier (1992) View citations (354) (1992)

1990

93. Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (81)
94. Explaining Fiscal Policies and Inflation in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    See also Journal Article Explaining fiscal policies and inflation in developing countries, Journal of International Money and Finance, Elsevier (1991) View citations (113) (1991)
95. Labor Market Distortions and Structural Adjustments in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
96. On Uniform Import Tariffs in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
97. Seigniorage and Political Stabiliity
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1989

98. Devaluation Crises and the Macroeconomic Consequences of Postponed Adjustment in Developing Countries
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
99. Macroeconomic Populism in Latin America
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
100. On the Sequencing of Structural Reforms
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (32)
     Also in OECD Economics Department Working Papers, OECD Publishing (1989) View citations (30)
101. Openness, Outward Orientation, Trade Liberalization and Economic Performance in Developing Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
     Also in Policy Research Working Paper Series, The World Bank (1989) View citations (36)
102. Real Exchange Rates in the Developing Countries: Concepts and Measure- ment
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (57)
103. Seigniorage and Political Instability
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (39)
     See also Journal Article Seigniorage and Political Instability, American Economic Review, American Economic Association (1992) View citations (326) (1992)
104. Terms of Trade Disturbances, Real Exchange Rates and Welfare: The Role of Capital Controls and Labor Market Distortions
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
     See also Journal Article Terms of Trade Disturbances, Real Exchange Rates, and Welfare: The Role of Capital Controls and Labor Market Distortions, Oxford Economic Papers, Oxford University Press (1992) View citations (15) (1992)
105. The International Monetary Fund and the Developing Countries: A Critical Evaluation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (47)
106. The macroeconomics of populism in Latin America
     Policy Research Working Paper Series, The World Bank View citations (31)
     See also Book The Macroeconomics of Populism in Latin America, NBER Books, National Bureau of Economic Research, Inc (1991) View citations (260) (1991)

1988

107. Conclusion and Bibliography of Real Exchange Rates, Devaluation and Adjustment: Exchange Rate Policy In Developing Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations (6)
108. Devaluations, Aggregate Output and Income Distribution
     UCLA Economics Working Papers, UCLA Department of Economics
109. Devaluations, Real Exchange Rates and the External Sector
     UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
110. Exchange Controls and Trade Restrictions in Devaluation Episodes
     UCLA Economics Working Papers, UCLA Department of Economics
111. Introduction to Real Exchange Rates, Devaluation and Adjustment
     UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
112. Latin America's Intraregional Trade: Evolution and Future Prospects
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
113. Macroeconomic Policies, Real Exchange Rate Misalignment, and Devaluation
     UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
114. Real Exchange Rate Behavior in Developing Countries: The Cross Country Evidence
     UCLA Economics Working Papers, UCLA Department of Economics View citations (3)
115. Real Exchange Rates, Exchange Controls and Devaluation Crises
     UCLA Economics Working Papers, UCLA Department of Economics
116. Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence From Developing Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (130)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1988) View citations (126)
     See also Journal Article Real and monetary determinants of real exchange rate behavior: Theory and evidence from developing countries, Journal of Development Economics, Elsevier (1988) View citations (142) (1988)
117. Real and NominalDeterminants of Real Exchange Rates: The Empirical Evidence
     UCLA Economics Working Papers, UCLA Department of Economics
118. Structural Adjustment Policies in Highly Indebted Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations (4)
     See also Chapter Structural Adjustment Policies in Highly Indebted Countries, NBER Chapters, National Bureau of Economic Research, Inc (1989) View citations (11) (1989)
119. Temporary Terms of Trade Disturbances, The Real Exchange Rate and the Current Account
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
120. The Debt Crisis and Economic Adjustment in Latin America
     UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
121. The Determination of Equilibrium Real Exchange Rate
     UCLA Economics Working Papers, UCLA Department of Economics View citations (1)

1987

122. Anticipated Protectionist Policies, Real Exchange Rates and the Current Account
     UCLA Economics Working Papers, UCLA Department of Economics View citations (3)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987) View citations (4)
123. Economic Liberalization and the Equilibrium Real Exchange rate in Developing Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations (6)
124. Exchange Controls, Devaluations and Real Exchange Rates: The Latin American Experience
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations (2)
     See also Journal Article Exchange Controls, Devaluations, and Real Exchange Rates: The Latin American Experience, Economic Development and Cultural Change, University of Chicago Press (1989) View citations (36) (1989)
125. Exchange Rate Misalignment in Developing Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations (16)
     See also Journal Article Exchange Rate Misalignment in Developing Countries, The World Bank Research Observer, World Bank (1989) View citations (78) (1989)
126. Financial Deregulation and Segmented Capital Markets: The Case of Korea
     UCLA Economics Working Papers, UCLA Department of Economics
     See also Journal Article Financial deregulation and segmented capital markets: The case of Korea, World Development, Elsevier (1988) View citations (13) (1988)
127. Tariffs, Terms of Trade, and the Real Exchange Rate in an Intertemporal Optimizing Model of the Current Account
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1987) View citations (14)
128. Tariffs, the Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
     See also Journal Article Tariffs, The Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics, Oxford Economic Papers, Oxford University Press (1987) View citations (37) (1987)
129. The Liberalization of the Current Capital Accounts and the Real ExchangeRate
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
130. The Order of Liberalization of the Current And Capital Accounts and the Real Exchange Rate: A Model and Some Reflection Based on the Southern Cone Experience
     UCLA Economics Working Papers, UCLA Department of Economics
131. The United States and Foreign Competition in Latin America
     UCLA Economics Working Papers, UCLA Department of Economics
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1987)
     See also Chapter The United States and Foreign Competition in Latin America, NBER Chapters, National Bureau of Economic Research, Inc (1988) View citations (3) (1988)

1986

132. Devaluation and Aggregate Economic Activity: An Empirical Analysis of the Contractionary Devaluation Issue
     UCLA Economics Working Papers, UCLA Department of Economics View citations (6)
133. Financial Liberalization, Interest Rates, and the REal Exchange Rate in Chile
     UCLA Economics Working Papers, UCLA Department of Economics
134. Real Exchange Rate Variability: An Empirical Analysis of the Developing Countries Case
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
135. Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations (7)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1986) View citations (6)
136. The Chilean Experiment: An Overview
     UCLA Economics Working Papers, UCLA Department of Economics
137. The Chilean Stabilization Program from Monetarist Orthodoxy to Exchange Rate Management
     UCLA Economics Working Papers, UCLA Department of Economics
138. The Sequencing of the Liberization Reforms
     UCLA Economics Working Papers, UCLA Department of Economics

1985

139. Are Devaluations Contractionary?
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
     See also Journal Article Are Devaluations Contractionary?, The Review of Economics and Statistics, MIT Press (1986) View citations (141) (1986)
140. Commodity Export Boom and the Real Exchange Rate: The Money-Inflation Link
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
141. Commodity Export Prices and the Real Exchange Rate in Developing Countries: Coffee in Colombia
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (13)
     See also Chapter Commodity Export Prices and the Real Exchange Rate in Developing Countries: Coffee in Colombia, NBER Chapters, National Bureau of Economic Research, Inc (1986) View citations (21) (1986)
142. Country Risk, Foreign Borrowing and the Social Discount Rate in an Open Developing Economy
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
     See also Journal Article Country risk, foreign borrowing, and the social discount rate in an open developing economy, Journal of International Money and Finance, Elsevier (1986) View citations (9) (1986)
143. Interest Rate Determination in Developing Countries: A Conceptual Framework
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (73)
144. On the Interest Rate Elasticity of the Demand for International Reserves: Some Evidence from Developing Coutries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (41)
     See also Journal Article On the interest-rate elasticity of the demand for international reserves: Some evidence from developing countries, Journal of International Money and Finance, Elsevier (1985) View citations (42) (1985)
145. The Behavior of Interest Rates and Real Exchange Rates During a Liberalization Episode: The Case of Chile 1973-83
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
146. The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations (12)
147. The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries' Foreign Borrowing
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (48)
     See also Journal Article The pricing of bonds and bank loans in international markets: An empirical analysis of developing countries' foreign borrowing, European Economic Review, Elsevier (1986) View citations (146) (1986)

1984

148. Money, The Rate of Devaluation and Interest Rates in a Semi-Open Economy: Colombia 1968-1982
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
149. The Demand for International Reserves and Monetary Equilibrium: Some Evidence From Developing Countries
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1953)
     See also Journal Article The Demand for International Reserves and Monetary Equilibrium: Some Evidence from Developing Countries, The Review of Economics and Statistics, MIT Press (1984) View citations (28) (1984)
150. The Order of Liberalization of the Current and Capital Accounts of the Balance of Payments
     UCLA Economics Working Papers, UCLA Department of Economics View citations (9)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1984) View citations (8)

1983

151. Economic Policy and the Record of Economic Growth in Chile in the 1970's and 1980's
     UCLA Economics Working Papers, UCLA Department of Economics
152. Floating Exchange Rates, Expectations and New Information
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (27)
     See also Journal Article Floating exchange rates, expectations and new information, Journal of Monetary Economics, Elsevier (1983) View citations (27) (1983)
153. LDC's Foreign Borrowing and Default Risk: An Empirical Investigation
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (82)
154. LDC's Foreign Borrowing and Default Risk: An Empirical Investigation 1976-1980
     UCLA Economics Working Papers, UCLA Department of Economics View citations (18)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1983) View citations (18)
155. Money, the Rate of Devaluation and Interest Rates in a Semi-Open Economy: Columbia 1986-1982
     UCLA Economics Working Papers, UCLA Department of Economics
156. Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experiment with Free Market Policies, 1973-1983
     UCLA Economics Working Papers, UCLA Department of Economics View citations (16)
     See also Journal Article Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experiment with Free-Market Policies, 1973-1983, Economic Development and Cultural Change, University of Chicago Press (1985) View citations (12) (1985)
157. The Demand for International Reserves and Exchange Rate Adjustments: TheCase of LDCs, 1964-1972
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
     Also in UCLA Economics Working Papers, UCLA Department of Economics (1981)
158. The Order of Liberalization of the Current and Capital Accounts of the Balance of Payments: A Survey of the Major Issues
     UCLA Economics Working Papers, UCLA Department of Economics View citations (5)
159. The Short-Run Relation Between Inflation and Growth in Latin America
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
160. The Welfare Effects of Trade and Capital Market Liberalization: Consequences of Different Sequencing Scenarios
     UCLA Economics Working Papers, UCLA Department of Economics View citations (5)
     Also in NBER Working Papers, National Bureau of Economic Research, Inc (1983) View citations (7)

1982

161. Capital Account Liberalization, Interest Rates and the Real Exchange Rate
     UCLA Economics Working Papers, UCLA Department of Economics View citations (4)
162. Exchange Rates amd "News": A Multi-Currency Approach
     UCLA Economics Working Papers, UCLA Department of Economics View citations (9)
     See also Journal Article Exchange rates and `news': A multi-currency approach, Journal of International Money and Finance, Elsevier (1982) View citations (16) (1982)
163. Export Boom and Dutch Disease: A Dynamic Analysis
     UCLA Economics Working Papers, UCLA Department of Economics View citations (2)
164. The Relation Between Growth and Inflation in Latin America
     UCLA Economics Working Papers, UCLA Department of Economics
165. Trade Liberalization, Minimum Wages and Employment in the Short Run: Some REflections Based on the Chilean Experience
     UCLA Economics Working Papers, UCLA Department of Economics

1981

166. A Note on the Demand for International REserves by Less Developed Countries
     UCLA Economics Working Papers, UCLA Department of Economics View citations (1)
167. Floating Excahnge Rates, Exectations and New Information
     UCLA Economics Working Papers, UCLA Department of Economics

Journal Articles

2007

1. Capital controls, capital flow contractions, and macroeconomic vulnerability
   Journal of International Money and Finance, 2007, 26, (5), 814-840 View citations (69)
   See also Working Paper Capital Controls, Capital Flow Contractions, and Macroeconomic Vulnerability, NBER Working Papers (2007) View citations (74) (2007)

2006

2. Monetary unions, external shocks and economic performance: A Latin American perspective
   International Economics and Economic Policy, 2006, 3, (3), 225-247 View citations (43)
   See also Working Paper Monetary Unions, External Shocks and Economic Performance: A Latin American Perspective, Working Papers (2006) View citations (45) (2006)
3. Strict Dollarization and Economic Performance: An Empirical Investigation
   Journal of Money, Credit and Banking, 2006, 38, (1), 269-282 View citations (20)
   See also Working Paper Strict Dollarization and Economic Performance: An Empirical Investigation, NBER Working Papers (2003) View citations (9) (2003)
4. The U.S. current account deficit: Gradual correction or abrupt adjustment?
   Journal of Policy Modeling, 2006, 28, (6), 629-643 View citations (13)
   See also Working Paper The U.S. Current Account Deficit: Gradual Correction or Abrupt Adjustment?, NBER Working Papers (2006) View citations (13) (2006)

2005

5. Flexible exchange rates as shock absorbers
   European Economic Review, 2005, 49, (8), 2079-2105 View citations (200)
   See also Working Paper Flexible Exchange Rates as Shock Absorbers, Business School Working Papers (2004) View citations (4) (2004)
6. The end of large current account deficits: 1970-2002: are there lessons for the United States?
   Proceedings - Economic Policy Symposium - Jackson Hole, 2005, (Aug), 205-268 View citations (11)
   See also Working Paper The End of Large Current Account Deficits, 1970-2002: Are There Lessons for the United States?, NBER Working Papers (2005) View citations (24) (2005)

2004

7. Financial Openness, Sudden Stops, and Current-Account Reversals
   American Economic Review, 2004, 94, (2), 59-64 View citations (152)
   See also Working Paper Financial Openness, Sudden Stops and Current Account Reversals, NBER Working Papers (2004) View citations (158) (2004)
8. Introductory Paper: Latin American and U.S. Universities: A Forty Years Analysis
   Latin American Journal of Economics-formerly Cuadernos de Economía, 2004, 41, (121), 399-412
9. Productivity dynamics
   Journal of Development Economics, 2004, 75, (2), 329-332 View citations (12)

2003

10. Debt Relief and the Current Account: An Analysis of the HIPC Initiative
    The World Economy, 2003, 26, (4), 513-531 View citations (6)
11. Debt relief and fiscal sustainability
    Review of World Economics (Weltwirtschaftliches Archiv), 2003, 139, (1), 38-65 View citations (9)
    See also Working Paper Debt Relief and Fiscal Sustainability, NBER Working Papers (2002) View citations (22) (2002)
12. Dollarization and economic performance: What do we really know?
    International Journal of Finance & Economics, 2003, 8, (4), 351-363 View citations (27)
    See also Working Paper Dollarization and Economic Performance: What Do We Really Know?, Working Papers (2002) View citations (12) (2002)
13. Financial instability in Latin America
    Journal of International Money and Finance, 2003, 22, (7), 1095-1106 View citations (4)
14. Interest-Rate Volatility in Emerging Markets
    The Review of Economics and Statistics, 2003, 85, (2), 328-348 View citations (84)
15. Introduction
    Journal of Development Economics, 2003, 72, (2), 425-428
16. Review of Joseph E. Stiglitz's Globalization and its Discontents: (W.W. Norton, New York and London)
    Journal of Development Economics, 2003, 70, (1), 252-257 View citations (7)
17. Stock market cycles, financial liberalization and volatility
    Journal of International Money and Finance, 2003, 22, (7), 925-955 View citations (79)
    See also Working Paper Stock Market Cycles, Financial Liberalization and Volatility, NBER Working Papers (2003) View citations (88) (2003)

2002

18. Commentary: should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
    Proceedings - Economic Policy Symposium - Jackson Hole, 2002, 405-412
19. Currency crises and contagion: an introduction
    Journal of Development Economics, 2002, 69, (2), 307-313 View citations (31)
20. Information Technology and Economic Growth in Developing Countries
    Challenge, 2002, 45, (3), 19-43 View citations (2)
21. Social Security Privatization and Labor Markets: The Case of Chile
    Economic Development and Cultural Change, 2002, 50, (3), 465-89 View citations (35)
22. The great exchange rate debate after Argentina
    The North American Journal of Economics and Finance, 2002, 13, (3), 237-252 View citations (61)
    See also Working Paper The Great Exchange Rate Debate After Argentina, NBER Working Papers (2002) View citations (62) (2002)

2001

23. Dollarization: Myths and realities
    Journal of Policy Modeling, 2001, 23, (3), 249-265 View citations (40)
24. Introduction
    Journal of Development Economics, 2001, 66, (2), 349-350
25. Volatility dependence and contagion in emerging equity markets
    Journal of Development Economics, 2001, 66, (2), 505-532 View citations (162)
    See also Working Paper Volatility Dependence and Contagion in Emerging Equity Markets, NBER Working Papers (2001) View citations (152) (2001)

2000

26. Controls on capital inflows: do they work?
    Journal of Development Economics, 2000, 63, (1), 59-83 View citations (269)
    See also Working Paper Controls on Capital Inflows: Do they Work?, NBER Working Papers (2000) View citations (272) (2000)
27. Introduction
    Journal of Development Economics, 2000, 63, (1), 1-4
28. On The Crisis Hypothesis of Economic Reform: Colombia 1989-91
    Latin American Journal of Economics-formerly Cuadernos de Economía, 2000, 37, (112), 445-493 View citations (9)

1999

29. How Effective Are Capital Controls?
    Journal of Economic Perspectives, 1999, 13, (4), 65-84 View citations (290)
    See also Working Paper How Effective are Capital Controls?, NBER Working Papers (1999) View citations (291) (1999)
30. International capital flows and emerging markets: amending the rules of the game?
    Conference Series ; [Proceedings], 1999, 43, (Jun), 137-171 View citations (1)

1998

31. Interest Rate Volatily, Contagion and Convergence: And Empirical Investigation of the Cases of Argentina, Chile and México
    Journal of Applied Economics, 1998, 1, 55-86 View citations (44)
32. Long-term unemployment and short-term unemployment benefits: The changing nature of non-employment subsidies in Central and Eastern Europe
    Empirical Economics, 1998, 23, (1/2), 31-54 View citations (8)
33. Openness, Productivity and Growth: What Do We Really Know?
    Economic Journal, 1998, 108, (447), 383-98 View citations (960)
    See also Working Paper Openness, Productivity and Growth: What Do We Really Know?, NBER Working Papers (1997) View citations (59) (1997)
34. Two Crises: Inflationary Inertia and Credibility
    Economic Journal, 1998, 108, (448), 680-702 View citations (19)

1997

35. Banks and macroeconomic disturbances under predetermined exchange rates
    Journal of Monetary Economics, 1997, 40, (2), 239-278 View citations (161)
    See also Working Paper Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates, CEMA Working Papers: Serie Documentos de Trabajo. (1997) View citations (141) (1997)
36. Exchange Rate Issues in Developing and Transitional Economies
    Journal of African Economies, 1997, 6, (3), 37-73
37. Introduction
    Journal of Development Economics, 1997, 54, (1), 1-3
38. Trade Liberalization Reforms and the World Bank
    American Economic Review, 1997, 87, (2), 43-48 View citations (26)
39. Trade Policy, Growth, and Income Distribution
    American Economic Review, 1997, 87, (2), 205-10 View citations (124)

1996

40. Exchange Rates and the Political Economy of Macroeconomic Discipline
    American Economic Review, 1996, 86, (2), 159-63 View citations (19)
41. Exchange-Rate Anchors, Credibility, and Inertia: A Tale of Two Crises, Chile and Mexico
    American Economic Review, 1996, 86, (2), 176-80 View citations (24)
42. Introduction
    Journal of Development Economics, 1996, 51, (1), 1-4
43. Trade Liberalization and Unemployment: Policy Issues and Evidence from Chile
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1996, 33, (99), 227-250 View citations (15)
44. Why are Latin America's savings rates so low? An international comparative analysis
    Journal of Development Economics, 1996, 51, (1), 5-44 View citations (214)

1995

45. Introduction
    Journal of Development Economics, 1995, 47, (1), 1-3
46. Public sector deficits and macroeconomic stability in developing economies
    Proceedings - Economic Policy Symposium - Jackson Hole, 1995, 307-373

1994

47. Introduction
    Journal of Development Economics, 1994, 43, (1), 1-3
48. The Political Economy of Inflation and Stabilization in Developing Countries
    Economic Development and Cultural Change, 1994, 42, (2), 235-66 View citations (30)

1993

49. Openness, Trade Liberalization, and Growth in Developing Countries
    Journal of Economic Literature, 1993, 31, (3), 1358-93 View citations (441)
50. Recent trade reforms in Latin America
    The North American Journal of Economics and Finance, 1993, 4, (1), 5-28 View citations (2)

1992

51. Introduction
    Journal of Development Economics, 1992, 39, (1), 1-3
52. Seigniorage and Political Instability
    American Economic Review, 1992, 82, (3), 537-55 View citations (326)
    See also Working Paper Seigniorage and Political Instability, NBER Working Papers (1989) View citations (39) (1989)
53. Terms of Trade Disturbances, Real Exchange Rates, and Welfare: The Role of Capital Controls and Labor Market Distortions
    Oxford Economic Papers, 1992, 44, (1), 20-34 View citations (15)
    See also Working Paper Terms of Trade Disturbances, Real Exchange Rates and Welfare: The Role of Capital Controls and Labor Market Distortions, NBER Working Papers (1989) View citations (7) (1989)
54. Trade orientation, distortions and growth in developing countries
    Journal of Development Economics, 1992, 39, (1), 31-57 View citations (354)
    See also Working Paper Trade Orientation, Distortions and Growth in Developing Countries, NBER Working Papers (1991) View citations (13) (1991)

1991

55. Explaining fiscal policies and inflation in developing countries
    Journal of International Money and Finance, 1991, 10, (1, Supplement), S16-S48 View citations (113)
    See also Working Paper Explaining Fiscal Policies and Inflation in Developing Countries, NBER Working Papers (1990) View citations (7) (1990)
56. Introduction
    Journal of Development Economics, 1991, 36, (1), 1-3

1990

57. Anticipated protectionist policies, real exchange rates, and the current account: the case of rigid wages
    Journal of International Money and Finance, 1990, 9, (2), 206-219 View citations (12)
58. Introduction
    Journal of Development Economics, 1990, 32, (2), 243-246
59. Macroeconomic populism
    Journal of Development Economics, 1990, 32, (2), 247-277 View citations (62)

1989

60. Exchange Controls, Devaluations, and Real Exchange Rates: The Latin American Experience
    Economic Development and Cultural Change, 1989, 37, (3), 457-94 View citations (36)
    See also Working Paper Exchange Controls, Devaluations and Real Exchange Rates: The Latin American Experience, NBER Working Papers (1987) View citations (18) (1987)
61. Exchange Rate Misalignment in Developing Countries
    The World Bank Research Observer, 1989, 4, (1), 3-21 View citations (78)
    See also Working Paper Exchange Rate Misalignment in Developing Countries, UCLA Economics Working Papers (1987) View citations (16) (1987)
62. Tariffs, Capital Controls, and Equilibrium Real Exchange Rates
    Canadian Journal of Economics, 1989, 22, (1), 79-92 View citations (17)

1988

63. Financial deregulation and segmented capital markets: The case of Korea
    World Development, 1988, 16, (1), 185-194 View citations (13)
    See also Working Paper Financial Deregulation and Segmented Capital Markets: The Case of Korea, UCLA Economics Working Papers (1987) (1987)
64. Introduction
    Journal of Development Economics, 1988, 29, (3), 249-251
65. Real and monetary determinants of real exchange rate behavior: Theory and evidence from developing countries
    Journal of Development Economics, 1988, 29, (3), 311-341 View citations (142)
    See also Working Paper Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence From Developing Countries, NBER Working Papers (1988) View citations (130) (1988)
66. Terms of Trade, Tariffs, and Labor Market Adjustment in Developing Countries
    The World Bank Economic Review, 1988, 2, (2), 165-85 View citations (41)

1987

67. Tariffs, The Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics
    Oxford Economic Papers, 1987, 39, (3), 458-64 View citations (37)
    See also Working Paper Tariffs, the Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics, NBER Working Papers (1987) View citations (38) (1987)

1986

68. Are Devaluations Contractionary?
    The Review of Economics and Statistics, 1986, 68, (3), 501-08 View citations (141)
    See also Working Paper Are Devaluations Contractionary?, NBER Working Papers (1985) View citations (6) (1985)
69. Country risk, foreign borrowing, and the social discount rate in an open developing economy
    Journal of International Money and Finance, 1986, 5, (1, Supplement), S79-S96 View citations (9)
    See also Working Paper Country Risk, Foreign Borrowing and the Social Discount Rate in an Open Developing Economy, NBER Working Papers (1985) View citations (11) (1985)
70. Introduction to Growth, Reform, and Adjustment: Latin America's Trade and Macroeconomic Policies in the 1970s and 1980s
    Economic Development and Cultural Change, 1986, 34, (3), 423-31 View citations (3)
71. Monetarism in Chile, 1973-1983: Some Economic Puzzles
    Economic Development and Cultural Change, 1986, 34, (3), 535-59 View citations (5)
72. The Welfare Effects of Trade and Capital Market Liberalization
    International Economic Review, 1986, 27, (1), 141-48 View citations (50)
73. The pricing of bonds and bank loans in international markets: An empirical analysis of developing countries' foreign borrowing
    European Economic Review, 1986, 30, (3), 565-589 View citations (146)
    See also Working Paper The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries' Foreign Borrowing, NBER Working Papers (1985) View citations (48) (1985)

1985

74. Country risk and developing countries' foreign borrowing: an empirical analysis of the bank loan and bond markets
    Proceedings, 1985, (7), 67-101 View citations (1)
75. Exchange rates in multi-country econometric models: Paul DeGrauwe and Theo Peeters, eds., (St. Martin's Press, New York, 1984) pp. xi + 287, US $35.00
    Journal of International Economics, 1985, 19, (3-4), 387-390
76. Latin-America experiments in neo-conservative economics: Alejandro Foxley, (University of California Press, Berkeley/Los Angeles/London, 1983) pp. xv + 213, $37.00
    Journal of Development Economics, 1985, 17, (3), 321-325
77. Money, the Rate of Devaluation, and Interest Rates in a Semiopen Economy: Colombia, 1968-82
    Journal of Money, Credit and Banking, 1985, 17, (1), 59-68 View citations (4)
78. On the interest-rate elasticity of the demand for international reserves: Some evidence from developing countries
    Journal of International Money and Finance, 1985, 4, (2), 287-295 View citations (42)
    See also Working Paper On the Interest Rate Elasticity of the Demand for International Reserves: Some Evidence from Developing Coutries, NBER Working Papers (1985) View citations (41) (1985)
79. Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experiment with Free-Market Policies, 1973-1983
    Economic Development and Cultural Change, 1985, 33, (2), 223-54 View citations (12)
    See also Working Paper Stabilization with Liberalization: An Evaluation of Ten Years of Chile's Experiment with Free Market Policies, 1973-1983, UCLA Economics Working Papers (1983) View citations (16) (1983)

1984

80. Coffee, money and inflation in Colombia
    World Development, 1984, 12, (11-12), 1107-1117 View citations (19)
81. Deuda Externa y Riesgo del País
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1984, 21, (62), 3-24
82. Exchange rates and `news': Reply
    Journal of International Money and Finance, 1984, 3, (1), 123-126 View citations (1)
83. LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-80
    American Economic Review, 1984, 74, (4), 726-34 View citations (268)
84. The Demand for International Reserves and Monetary Equilibrium: Some Evidence from Developing Countries
    The Review of Economics and Statistics, 1984, 66, (3), 495-500 View citations (28)
    See also Working Paper The Demand for International Reserves and Monetary Equilibrium: Some Evidence From Developing Countries, NBER Working Papers (1984) View citations (31) (1984)

1983

85. Floating Exchange Rates in Less-Developed Countries: A Monetary Analysis of the Peruvian Experience, 1950-54
    Journal of Money, Credit and Banking, 1983, 15, (1), 73-81 View citations (8)
86. Floating exchange rates, expectations and new information
    Journal of Monetary Economics, 1983, 11, (3), 321-336 View citations (27)
    See also Working Paper Floating Exchange Rates, Expectations and New Information, NBER Working Papers (1983) View citations (27) (1983)
87. La Relación entre las Tasas de Interés y el Tipo de Cambio Bajo un Sistema de Cambio Flotante
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1983, 20, (59), 65-74
88. Oil export boom and Dutch-disease: A dynamic analysis
    Resources and Energy, 1983, 5, (3), 219-242 View citations (23)
89. The Short-Run Relation between Growth and Inflation in Latin America: Comment
    American Economic Review, 1983, 73, (3), 477-82 View citations (15)

1982

90. Ajuste Cambiario y Reservas Internacionales: Un Análisis Empírico
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1982, 19, (57), 193-202
91. Diferenciales de Progreso Tecnológico y Diferenciales de Inflación: Un Comentario
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1982, 19, (56), 87-92 View citations (1)
92. Exchange rate market efficiency and new information
    Economics Letters, 1982, 9, (4), 377-382 View citations (11)
93. Exchange rates and `news': A multi-currency approach
    Journal of International Money and Finance, 1982, 1, (1), 211-224 View citations (16)
    See also Working Paper Exchange Rates amd "News": A Multi-Currency Approach, UCLA Economics Working Papers (1982) View citations (9) (1982)

1980

94. A note on the dynamic adjustment of the demand for international reserves by LDC's
    Economics Letters, 1980, 5, (1), 71-74 View citations (8)
95. Una Nota sobre Liberalización del Comercio, Salarios Mínimos y Empleo en el Corto Plazo
    Latin American Journal of Economics-formerly Cuadernos de Economía, 1980, 17, (52), 303-314

1979

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

1976

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

1975

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

Books

2016

1. African Successes, Volume I: Government and Institutions
   NBER Books, National Bureau of Economic Research, Inc View citations (2)
2. African Successes, Volume II: Human Capital
   NBER Books, National Bureau of Economic Research, Inc
3. African Successes, Volume III: Modernization and Development
   NBER Books, National Bureau of Economic Research, Inc View citations (21)
4. African Successes, Volume IV: Sustainable Growth
   NBER Books, National Bureau of Economic Research, Inc View citations (7)

2014

5. Toxic Aid: Economic Collapse and Recovery in Tanzania
   NBER Books, National Bureau of Economic Research, Inc View citations (16)

2010

6. The Economics of Crime: Lessons For and From Latin America
   NBER Books, National Bureau of Economic Research, Inc View citations (60)

2008

7. Financial Markets Volatility and Performance in Emerging Markets
   NBER Books, National Bureau of Economic Research, Inc View citations (83)

2007

8. Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences
   NBER Books, National Bureau of Economic Research, Inc View citations (197)
9. The Decline of Latin American Economies: Growth, Institutions, and Crises
   NBER Books, National Bureau of Economic Research, Inc View citations (18)

2004

10. Inter-American Seminar on Economics (IASE) 2003
    NBER Books, National Bureau of Economic Research, Inc

2003

11. Inter-American Seminar on Economics (IASE) 2002
    NBER Books, National Bureau of Economic Research, Inc

2002

12. Inter-American Seminar on Economics (IASE) 2000
    NBER Books, National Bureau of Economic Research, Inc
13. Preventing Currency Crises in Emerging Markets
    NBER Books, National Bureau of Economic Research, Inc View citations (293)

2001

14. Inter-American Seminar on Economics (IASE) 1999
    NBER Books, National Bureau of Economic Research, Inc

2000

15. Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies
    NBER Books, National Bureau of Economic Research, Inc View citations (199)
16. Inter-American Seminar on Economics (IASE, 11th annual)
    NBER Books, National Bureau of Economic Research, Inc

1999

17. Inter-American Seminar on Economics (IASE, 10th annual)
    NBER Books, National Bureau of Economic Research, Inc

1998

18. Inter-American Seminar on Economics (IASE) 1996
    NBER Books, National Bureau of Economic Research, Inc

1997

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

1996

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

1995

21. Inter-American Seminar on Macroeconomics (IASE)
    NBER Books, National Bureau of Economic Research, Inc
22. Reform, Recovery, and Growth: Latin America and the Middle East
    NBER Books, National Bureau of Economic Research, Inc View citations (41)

1994

23. Inter-American Seminar on Economics (IASE) 1992
    NBER Books, National Bureau of Economic Research, Inc

1992

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

1991

25. The Macroeconomics of Populism in Latin America
    NBER Books, National Bureau of Economic Research, Inc View citations (260)
    See also Working Paper The macroeconomics of populism in Latin America, Policy Research Working Paper Series, The World Bank (1989) View citations (31) (1989)
26. Third Annual Inter-American Seminar on Economics (IASE)
    NBER Books, National Bureau of Economic Research, Inc

1990

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

1988

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

1986

29. Economic Adjustment and Exchange Rates in Developing Countries
    NBER Books, National Bureau of Economic Research, Inc View citations (55)

Chapters

2015

1. Front matter and Series Introduction to "African Successes: Government and Institutions"
   A chapter in African Successes, Volume I: Government and Institutions, 2015, pp 1-4
2. Front matter and Series Introduction to "African Successes: Human Capital"
   A chapter in African Successes, Volume II: Human Capital, 2015, pp 1-4
3. Front matter and Series Introduction to "African Successes: Modernization and Development"
   A chapter in African Successes, Volume III: Modernization and Development, 2015, pp 1-4
4. Front matter and Series Introduction to "African Successes: Sustainable Growth"
   A chapter in African Successes, Volume IV: Sustainable Growth, 2015, pp 1-4
5. Introduction to "African Successes: Government and Institutions"
   A chapter in African Successes, Volume I: Government and Institutions, 2015, pp 5-11
6. Introduction to "African Successes: Human Capital"
   A chapter in African Successes, Volume II: Human Capital, 2015, pp 5-9
7. Introduction to "African Successes: Modernization and Development"
   A chapter in African Successes, Volume III: Modernization and Development, 2015, pp 5-10
8. Introduction to "African Successes: Sustainable Growth"
   A chapter in African Successes, Volume IV: Sustainable Growth, 2015, pp 5-10

2014

9. Is Tanzania a Success Story? A Long-Term Analysis
   A chapter in African Successes, Volume I: Government and Institutions, 2014, pp 357-432
   See also Working Paper Is Tanzania a Success Story? A Long Term Analysis, National Bureau of Economic Research, Inc (2012) View citations (8) (2012)

2009

10. Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability
    A chapter in Financial Globalization, 20th Anniversary Conference, NBER-TCER-CEPR, 2009 View citations (16)
    See also Working Paper Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability, National Bureau of Economic Research, Inc (2008) View citations (6) (2008)

2008

11. Financial Openness, Currency Crises, and Output Losses
    A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 97-120 View citations (7)
12. Introduction to "Financial Markets Volatility and Performance in Emerging Markets"
    A chapter in Financial Markets Volatility and Performance in Emerging Markets, 2008, pp 1-8 View citations (4)

2007

13. Capital Controls, Sudden Stops, and Current Account Reversals
    A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, 2007, pp 73-120 View citations (55)
    See also Working Paper Capital Controls, Sudden Stops and Current Account Reversals, National Bureau of Economic Research, Inc (2005) View citations (104) (2005)
14. Establishing Credibility: The Role of Foreign Advisors in Chile's 1955-1958 Stabilization Program
    A chapter in The Decline of Latin American Economies: Growth, Institutions, and Crises, 2007, pp 291-332 View citations (1)
15. Introduction to "Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences"
    A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, 2007, pp 1-18 View citations (196)
16. Introduction to "The Decline of Latin American Economies: Growth, Institutions, and Crises"
    A chapter in The Decline of Latin American Economies: Growth, Institutions, and Crises, 2007, pp 1-14 View citations (10)

2003

17. Exchange Rate Regimes
    A chapter in Economic and Financial Crises in Emerging Market Economies, 2003, pp 31-92 View citations (10)

2002

18. Does the Current Account Matter?
    A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 21-76 View citations (84)
    See also Working Paper Does the Current Account Matter?, National Bureau of Economic Research, Inc (2001) View citations (95) (2001)
19. Introduction to "Preventing Currency Crises in Emerging Markets"
    A chapter in Preventing Currency Crises in Emerging Markets, 2002, pp 1-20 View citations (25)

2000

20. Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 197-246 View citations (22)
    See also Working Paper Capital Flows, Real Exchange Rates, and Capital Controls: Some Latin American Experiences, National Bureau of Economic Research, Inc (1998) View citations (75) (1998)
21. Introduction to "Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies"
    A chapter in Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, 2000, pp 1-12 View citations (10)
22. The Mexican Peso in the Aftermath of the 1994 Currency Crisis
    A chapter in Currency Crises, 2000, pp 183-236 View citations (1)

1999

23. Capital Flows to Latin America
    A chapter in International Capital Flows, 1999, pp 5-56 View citations (5)
24. The Choice of Exchange Rate Regime in Developing and Middle Income Countries
    A chapter in Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, 1999, pp 9-28 View citations (12)

1998

25. The Chilean Pension Reform: A Pioneering Program
    A chapter in Privatizing Social Security, 1998, pp 33-62 View citations (17)
    See also Working Paper The Chilean Pension Reform: A Pioneering Program, National Bureau of Economic Research, Inc (1996) View citations (24) (1996)

1995

26. Introduction to "Reform, Recovery, and Growth: Latin America and the Middle East"
    A chapter in Reform, Recovery, and Growth: Latin America and the Middle East, 1995, pp 1-10 View citations (13)
27. Trade Policy, Exchange Rates, and Growth
    A chapter in Reform, Recovery, and Growth: Latin America and the Middle East, 1995, pp 13-52 View citations (16)
    See also Working Paper Trade Policy, Exchange Rates and Growth, National Bureau of Economic Research, Inc (1993) View citations (25) (1993)

1993

28. Devaluation Controversies in the Developing Countries: Lessons from the Bretton Woods Era
    A chapter in A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, 1993, pp 405-460 View citations (69)
    See also Working Paper Devaluation Controversies in the Developing Countries: Lessons From the Bretton Woods Era, National Bureau of Economic Research, Inc (1992) View citations (10) (1992)

1991

29. Introduction to "The Macroeconomics of Populism in Latin America"
    A chapter in The Macroeconomics of Populism in Latin America, 1991, pp 1-4 View citations (182)
30. The Macroeconomics of Populism
    A chapter in The Macroeconomics of Populism in Latin America, 1991, pp 7-13 View citations (207)

1989

31. Disequilibrium and structural adjustment
    Chapter 28 in Handbook of Development Economics, 1989, vol. 2, pp 1481-1533 View citations (15)
32. Structural Adjustment Policies in Highly Indebted Countries
    A chapter in Developing Country Debt and the World Economy, 1989, pp 249-262 View citations (11)
    Also in A chapter in Developing Country Debt and Economic Performance, Volume 1: The International Financial System, 1989, pp 159-208 (1989) View citations (11)
    See also Working Paper Structural Adjustment Policies in Highly Indebted Countries, National Bureau of Economic Research, Inc (1988) View citations (11) (1988)

1988

33. The United States and Foreign Competition in Latin America
    A chapter in The United States in the World Economy, 1988, pp 9-77 View citations (3)
    See also Working Paper The United States and Foreign Competition in Latin America, UCLA Department of Economics (1987) (1987)

1986

34. Commodity Export Prices and the Real Exchange Rate in Developing Countries: Coffee in Colombia
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 233-266 View citations (21)
    See also Working Paper Commodity Export Prices and the Real Exchange Rate in Developing Countries: Coffee in Colombia, National Bureau of Economic Research, Inc (1985) View citations (13) (1985)
35. Introduction to "Economic Adjustment and Exchange Rates in Developing Countries"
    A chapter in Economic Adjustment and Exchange Rates in Developing Countries, 1986, pp 1-16 View citations (12)