Details about R. Gaston Gelos

Access statistics for papers by R. Gaston Gelos.

Last updated 2024-07-21. Update your information in the RePEc Author Service.

Short-id: pge1

Working Papers

2024

1. Central Bank Digital Currencies and Financial Stability: Balance Sheet Analysis and Policy Choices
   IMF Working Papers, International Monetary Fund
2. Do Household Expectations Help Predict Inflation?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IMF Working Papers, International Monetary Fund (2023) View citations (1)
3. The asymmetric and persistent effects of Fed policy on global bond yields
   BIS Working Papers, Bank for International Settlements

2023

4. Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations
   IMF Working Papers, International Monetary Fund View citations (5)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
   BIS Working Papers, Bank for International Settlements (2023) View citations (3)
   See also Journal Article Is high debt Constraining monetary policy? evidence from inflation expectations, Journal of International Money and Finance, Elsevier (2024) View citations (2) (2024)

2022

5. Exchange-Rate Swings and Foreign Currency Intervention
   IMF Working Papers, International Monetary Fund View citations (4)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)

2021

6. Capital Flows at Risk: Taming the Ebbs and Flows
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
   Also in IMF Working Papers, International Monetary Fund (2019) View citations (24)
   See also Journal Article Capital flows at risk: Taming the ebbs and flows, Journal of International Economics, Elsevier (2022) View citations (16) (2022)
7. Leaning Against the Wind: An Empirical Cost-Benefit Analysis
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
8. Monetary Policy Transmission in Emerging Markets and Developing Economies
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   Also in IMF Working Papers, International Monetary Fund (2020) View citations (21)
9. Negative Interest Rate Policies: A Survey
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article Negative Interest Rate Policies: A Survey, Annual Review of Economics, Annual Reviews (2024) (2024)

2020

10. Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework
    IMF Working Papers, International Monetary Fund View citations (22)

2019

11. Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database
    IMF Working Papers, International Monetary Fund View citations (219)
12. Has Higher Household Indebtedness Weakened Monetary Policy Transmission?
    IMF Working Papers, International Monetary Fund View citations (13)
    See also Journal Article Has Higher Household Indebtedness Weakened Monetary Policy Transmission?, International Journal of Central Banking, International Journal of Central Banking (2024) (2024)

2018

13. Can Countries Manage Their Financial Conditions Amid Globalization?
    IMF Working Papers, International Monetary Fund View citations (35)

2015

14. Changes in the Global Investor Base and the Stability of Portfolio Flows to Emerging Markets
    IMF Working Papers, International Monetary Fund View citations (11)
    See also Journal Article Changes in the global investor base and the stability of portfolio flows to emerging markets, Journal of Banking & Finance, Elsevier (2022) View citations (7) (2022)
15. When in Peril, Retrench: Testing the Portfolio Channel of Contagion
    Working Papers, Barcelona School of Economics View citations (2)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (2005) View citations (5)
    Working Paper Series, Federal Reserve Bank of San Francisco (2004) View citations (11)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (26)
    See also Journal Article When in peril, retrench: Testing the portfolio channel of contagion, Journal of International Economics, Elsevier (2006) View citations (164) (2006)

2013

16. Country Transparency and the Global Transmission of Financial Shocks
    IMF Working Papers, International Monetary Fund View citations (14)
    See also Journal Article Country transparency and the global transmission of financial shocks, Journal of Banking & Finance, Elsevier (2018) View citations (12) (2018)

2012

17. Inflation Responses to Commodity Price Shocks: How and Why Do Countries Differ?
    IMF Working Papers, International Monetary Fund View citations (27)
    See also Journal Article Inflation responses to commodity price shocks – How and why do countries differ?, Journal of International Money and Finance, Elsevier (2017) View citations (63) (2017)

2011

18. International Mutual Funds, Capital Flow Volatility, and Contagion – A Survey
    IMF Working Papers, International Monetary Fund View citations (32)

2010

19. Would “Cold Turkey” Work in Turkey?
    EcoMod2003, EcoMod View citations (3)
    Also in IMF Working Papers, International Monetary Fund (2003) View citations (20)
    See also Journal Article Would "Cold Turkey" Work in Turkey?, IMF Staff Papers, Palgrave Macmillan (2004) View citations (8) (2004)

2009

20. The Global Financial Crisis - Explaining Cross-Country Differences in the Output Impact
    IMF Working Papers, International Monetary Fund View citations (105)
    See also Journal Article The global financial crisis: Explaining cross-country differences in the output impact, Journal of International Money and Finance, Elsevier (2012) View citations (161) (2012)

2008

21. Macroeconomic Implications of Financial Dollarization: The Case of Uruguay
    IMF Occasional Papers, International Monetary Fund
22. Sovereign Borrowing by Developing Countries: What Determines Market Access?
    Business School Working Papers, Universidad Torcuato Di Tella View citations (16)
    Also in IMF Working Papers, International Monetary Fund (2004) View citations (120)
    See also Journal Article Sovereign borrowing by developing countries: What determines market access?, Journal of International Economics, Elsevier (2011) View citations (269) (2011)

2006

23. Banking Spreads in Latin America
    IMF Working Papers, International Monetary Fund View citations (47)
    See also Journal Article BANKING SPREADS IN LATIN AMERICA, Economic Inquiry, Western Economic Association International (2009) View citations (37) (2009)
24. Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle
    IMF Working Papers, International Monetary Fund View citations (5)
    See also Journal Article Brazil's long‐term growth performance: trying to explain the puzzle, Journal of Economic Studies, Emerald Group Publishing Limited (2010) View citations (3) (2010)

2005

25. What Drives Inflation Expectations in Brazil? An Empirical Analysis
    IMF Working Papers, International Monetary Fund View citations (30)
    See also Journal Article What drives inflation expectations in Brazil? An empirical analysis, Applied Economics, Taylor & Francis Journals (2009) View citations (39) (2009)

2004

26. Obstacles to Disinflation: What is the Role of Fiscal Expectations?
    IMF Working Papers, International Monetary Fund View citations (35)
    See also Journal Article Obstacles to disinflation: what is the role of fiscal expectations?, Economic Policy, CEPR, CESifo, Sciences Po (2004) View citations (31) (2004)
27. Transparency and International Portfolio Holdings
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    See also Journal Article Transparency and International Portfolio Holdings, Journal of Finance, American Finance Association (2005) View citations (273) (2005)

2002

28. Consolidation and Market Structure in Emerging Market Banking Systems
    IMF Working Papers, International Monetary Fund View citations (49)
    See also Journal Article Consolidation and market structure in emerging market banking systems, Emerging Markets Review, Elsevier (2004) View citations (95) (2004)
29. Transparency and International Investor Behavior
    IMF Working Papers, International Monetary Fund View citations (74)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) View citations (76)

2001

30. A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds
    CESifo Working Paper Series, CESifo View citations (16)
    Also in IMF Working Papers, International Monetary Fund (2000) View citations (32)
    See also Journal Article A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds, IMF Staff Papers, Palgrave Macmillan (2003) View citations (89) (2003)
31. The Asset Allocation of Emerging Market Mutual Funds
    IMF Working Papers, International Monetary Fund View citations (21)

2000

32. Devaluation Expectations and the Stock Market: The Case of Mexico in 1994/95
    IMF Working Papers, International Monetary Fund View citations (5)
33. Financial Market Spillovers in Transition Economies
    IMF Working Papers, International Monetary Fund View citations (47)

1999

34. Financial Liberalization, Credit Constraints, and Collateral: Investment in the Mexican Manufacturing Sector
    IMF Working Papers, International Monetary Fund View citations (33)
    See also Journal Article Financial liberalization, credit constraints, and collateral: investment in the Mexican manufacturing sector, Journal of Development Economics, Elsevier (2002) View citations (134) (2002)
35. Fixed Capital Adjustment: Is Latin America Different? Evidence from the Colombian and Mexican Manufacturing Sectors
    IMF Working Papers, International Monetary Fund View citations (4)

Journal Articles

2024

1. Has Higher Household Indebtedness Weakened Monetary Policy Transmission?
   International Journal of Central Banking, 2024, 20, (1), 325-371
   See also Working Paper Has Higher Household Indebtedness Weakened Monetary Policy Transmission?, IMF Working Papers (2019) View citations (13) (2019)
2. Is high debt Constraining monetary policy? evidence from inflation expectations
   Journal of International Money and Finance, 2024, 149, (C) View citations (2)
   See also Working Paper Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations, IMF Working Papers (2023) View citations (5) (2023)
3. Negative Interest Rate Policies: A Survey
   Annual Review of Economics, 2024, 16, (1), 305-328
   See also Working Paper Negative Interest Rate Policies: A Survey, CEPR Discussion Papers (2021) (2021)
4. The US dollar and capital flows to EMEs
   BIS Quarterly Review, 2024 View citations (1)

2022

5. Capital flows at risk: Taming the ebbs and flows
   Journal of International Economics, 2022, 134, (C) View citations (16)
   See also Working Paper Capital Flows at Risk: Taming the Ebbs and Flows, CEPR Discussion Papers (2021) View citations (2) (2021)
6. Changes in the global investor base and the stability of portfolio flows to emerging markets
   Journal of Banking & Finance, 2022, 144, (C) View citations (7)
   See also Working Paper Changes in the Global Investor Base and the Stability of Portfolio Flows to Emerging Markets, IMF Working Papers (2015) View citations (11) (2015)

2021

7. Negative Interest Rate Policies: Taking Stock of the Experience So Far
   CESifo Forum, 2021, 22, (06), 27-32 View citations (5)

2018

8. Country transparency and the global transmission of financial shocks
   Journal of Banking & Finance, 2018, 96, (C), 56-72 View citations (12)
   See also Working Paper Country Transparency and the Global Transmission of Financial Shocks, IMF Working Papers (2013) View citations (14) (2013)

2017

9. Inflation responses to commodity price shocks – How and why do countries differ?
   Journal of International Money and Finance, 2017, 72, (C), 28-47 View citations (63)
   See also Working Paper Inflation Responses to Commodity Price Shocks: How and Why Do Countries Differ?, IMF Working Papers (2012) View citations (27) (2012)

2012

10. The global financial crisis: Explaining cross-country differences in the output impact
    Journal of International Money and Finance, 2012, 31, (1), 42-59 View citations (161)
    See also Working Paper The Global Financial Crisis - Explaining Cross-Country Differences in the Output Impact, IMF Working Papers (2009) View citations (105) (2009)

2011

11. Sovereign borrowing by developing countries: What determines market access?
    Journal of International Economics, 2011, 83, (2), 243-254 View citations (269)
    See also Working Paper Sovereign Borrowing by Developing Countries: What Determines Market Access?, Business School Working Papers (2008) View citations (16) (2008)

2010

12. Brazil's long‐term growth performance: trying to explain the puzzle
    Journal of Economic Studies, 2010, 37, (4), 356-376 View citations (3)
    See also Working Paper Brazil’s Long-Term Growth Performance—Trying to Explain the Puzzle, IMF Working Papers (2006) View citations (5) (2006)

2009

13. BANKING SPREADS IN LATIN AMERICA
    Economic Inquiry, 2009, 47, (4), 796-814 View citations (37)
    See also Working Paper Banking Spreads in Latin America, IMF Working Papers (2006) View citations (47) (2006)
14. What drives inflation expectations in Brazil? An empirical analysis
    Applied Economics, 2009, 41, (10), 1215-1227 View citations (39)
    See also Working Paper What Drives Inflation Expectations in Brazil? An Empirical Analysis, IMF Working Papers (2005) View citations (30) (2005)

2006

15. When in peril, retrench: Testing the portfolio channel of contagion
    Journal of International Economics, 2006, 69, (1), 203-230 View citations (164)
    Also in Proceedings, 2004, (Jun), 1-34 (2004) View citations (23)
    See also Working Paper When in Peril, Retrench: Testing the Portfolio Channel of Contagion, Working Papers (2015) View citations (2) (2015)

2005

16. Transparency and International Portfolio Holdings
    Journal of Finance, 2005, 60, (6), 2987-3020 View citations (273)
    See also Working Paper Transparency and International Portfolio Holdings, CEPR Discussion Papers (2004) View citations (9) (2004)

2004

17. Consolidation and market structure in emerging market banking systems
    Emerging Markets Review, 2004, 5, (1), 39-59 View citations (95)
    See also Working Paper Consolidation and Market Structure in Emerging Market Banking Systems, IMF Working Papers (2002) View citations (49) (2002)
18. Obstacles to disinflation: what is the role of fiscal expectations?
    (Disinflation with imperfect credibility)
    Economic Policy, 2004, 19, (40), 442-481 View citations (31)
    See also Working Paper Obstacles to Disinflation: What is the Role of Fiscal Expectations?, IMF Working Papers (2004) View citations (35) (2004)
19. Would "Cold Turkey" Work in Turkey?
    IMF Staff Papers, 2004, 51, (3), 493-509 View citations (8)
    See also Working Paper Would “Cold Turkey” Work in Turkey?, EcoMod2003 (2010) View citations (3) (2010)

2003

20. A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds
    IMF Staff Papers, 2003, 50, (1), 3 View citations (89)
    See also Working Paper A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds, CESifo Working Paper Series (2001) View citations (16) (2001)
21. Foreign currency debt in emerging markets: firm-level evidence from Mexico
    Economics Letters, 2003, 78, (3), 323-327 View citations (52)
22. Leaders and followers: emerging market fund behavior during tranquil and turbulent times
    Emerging Markets Review, 2003, 4, (1), 25-38 View citations (20)

2002

23. Devaluation Expectations and the Stock Market: A New Measure and an Application to Mexico 1994/95
    International Journal of Finance & Economics, 2002, 7, (3), 195-214 View citations (3)
24. Financial liberalization, credit constraints, and collateral: investment in the Mexican manufacturing sector
    Journal of Development Economics, 2002, 67, (1), 1-27 View citations (134)
    See also Working Paper Financial Liberalization, Credit Constraints, and Collateral: Investment in the Mexican Manufacturing Sector, IMF Working Papers (1999) View citations (33) (1999)

2001

25. Fixed Capital Adjustment: Is Latin America Different?
    The Review of Economics and Statistics, 2001, 83, (4), 717-726 View citations (33)
26. Irreversibilities in fixed capital adjustment: Evidence from Mexican and Colombian plants
    Economics Letters, 2001, 74, (1), 85-89 View citations (14)