Details about Ugo Gianluigi Panizza

Homepage:	https://www.upanizza.com/
Workplace:	International Economics Section, The Graduate Institute of International and Development Studies (Institute des Hautes Études Internationales et du Développement), (more information at EDIRC)

Access statistics for papers by Ugo Gianluigi Panizza.

Last updated 2025-04-24. Update your information in the RePEc Author Service.

Short-id: ppa92

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Working Papers

2024

1. "Delicate and Embarassing": U.S. Loans To Suppress Haitian Independence
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
2. Environmental Damage News and Stock Returns: Evidence from Latin America
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   IDB Publications (Working Papers), Inter-American Development Bank (2024)
3. IMF Programs and Borrowing Costs: Does Size Matter?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2024)
4. Obscure contract terms: an inadvertent pricing experiment
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
   See also Journal Article Obscure contract terms: an inadvertent pricing experiment, Capital Markets Law Journal, Oxford University Press (2024) (2024)
5. Public Investment Quality and Its Implications for Sovereign Risk and Debt Sustainability
   Policy Research Working Paper Series, The World Bank
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2024)
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2024)
6. Sovereign Debt Sustainability with Involuntary Default
   Working Papers, HAL
   Also in TSE Working Papers, Toulouse School of Economics (TSE) (2024)

2023

7. Access to Credit and Bank Ownership: Evidence from Firm-Level Data
   Policy Research Working Paper Series, The World Bank
8. Bank Ownership Around the World
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2023) View citations (2)
   See also Journal Article Bank ownership around the world, Journal of Banking & Finance, Elsevier (2024) View citations (2) (2024)
9. Carbon Policy Surprises and Stock Returns: Signals from Financial Markets
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
10. Carbon Policy and Stock Returns: Signals from Financial Markets
    IMF Working Papers, International Monetary Fund View citations (5)
11. Debt Reduction in Latin America and the Caribbean
    IDB Publications (Working Papers), Inter-American Development Bank
12. Microdata for Economic Research in Europe: Challenges and Proposals
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
13. The 2012 Greek Retrofit and Borrowing Costs in the European Periphery
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2023)
14. The Elusive Link Between FDI and Economic Growth
    Policy Research Working Paper Series, The World Bank View citations (1)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2022)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    Economic Papers, Trinity College Dublin, Economics Department (2022)
15. Towards a Sustainable Recovery for Lebanon's Economy
    CID Working Papers, Center for International Development at Harvard University
    Also in Growth Lab Working Papers, Harvard's Growth Lab (2023)

2022

16. Debt Sustainability with Involuntary Default
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
17. Do Countries Default in Bad Times? The Role of Alternative Detrending Techniques
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
18. Enough Potential Repudiation: Economic and Legal Aspects of Sovereign Debt in the Pandemic Era
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (2)
    See also Journal Article Enough Potential Repudiation: Economic and Legal Aspects of Sovereign Debt in the Pandemic Era, Annual Review of Economics, Annual Reviews (2022) View citations (4) (2022)
19. Long-Term Debt Sustainability in Emerging Market Economies: A Counterfactual Analysis
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
20. Sovereign Debt Puzzles
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2022)
    See also Journal Article Sovereign Debt Puzzles, Annual Review of Financial Economics, Annual Reviews (2023) (2023)
21. Yet it Endures The Persistence of Original Sin
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (3)
    Also in CID Working Papers, Center for International Development at Harvard University (2022) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
    Growth Lab Working Papers, Harvard's Growth Lab (2022)
    See also Journal Article Yet it Endures: The Persistence of Original Sin, Open Economies Review, Springer (2023) View citations (14) (2023)

2021

22. A Generation of Italian Economists
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IZA Discussion Papers, Institute of Labor Economics (IZA) (2021)
    CID Working Papers, Center for International Development at Harvard University (2021) View citations (1)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2021)
    Growth Lab Working Papers, Harvard's Growth Lab (2021) View citations (1)
23. On the Benefits of Repaying
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna View citations (2)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2021) View citations (1)
    IMF Working Papers, International Monetary Fund (2021) View citations (2)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
24. State-Owned Commercial Banks
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (4)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
    See also Journal Article State-owned commercial banks, Journal of Economic Policy Reform, Taylor & Francis Journals (2023) View citations (3) (2023)
25. The Odious Haitian Independence Debt
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2021)
    See also Journal Article The Odious Haitian Independence Debt, Journal of Globalization and Development, De Gruyter (2022) (2022)

2020

26. Alternative Solutions to the Odious Debt Problem
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    See also Journal Article Alternative Solutions to the Odious Debt Problem, Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy) (2020) View citations (1) (2020)
27. Fiscal Risk and its Drivers An Empirical Analysis
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
28. Legal Air Cover
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (1)
    See also Journal Article Legal Air Cover, Journal of Financial Regulation, Oxford University Press (2021) View citations (1) (2021)
29. Local Currency Denominated Sovereign Loans - A Portfolio Approach to Tackle Moral Hazard and Provide Insurance
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
30. MAKE-WHOLES IN SOVEREIGN BONDS (not sure why they are there, but they may be free)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020)

2019

31. Corporate Debt, Firm Size and Financial Fragility in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (42)
    See also Journal Article Corporate debt, firm size and financial fragility in emerging markets, Journal of International Economics, Elsevier (2019) View citations (33) (2019)
32. Euro Area Sovereign Debt: Restructuring Options
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
33. Inflation Expectations: Review and Evidence
    Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum View citations (30)
    Also in Policy Research Working Paper Series, The World Bank (2019) View citations (14)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (15)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2019) View citations (14)
34. Local Crowding Out in China
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy View citations (13)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (28)
    CFS Working Paper Series, Center for Financial Studies (CFS) (2019) View citations (8)
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2019) View citations (9)
    See also Journal Article Local Crowding‐Out in China, Journal of Finance, American Finance Association (2020) View citations (119) (2020)
35. Political Connections and Financial Constraints: Evidence from Central and Eastern Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
36. Political Connections and Financial Constraints: Evidence from Transition Countries
    Policy Research Working Paper Series, The World Bank View citations (4)
37. Smart Development Banks
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    Also in Growth Lab Working Papers, Harvard's Growth Lab (2019)
    CID Working Papers, Center for International Development at Harvard University (2019)
    IDB Publications (Working Papers), Inter-American Development Bank (2019) View citations (3)
    See also Journal Article Smart Development Banks, Journal of Industry, Competition and Trade, Springer (2020) View citations (16) (2020)
38. The Motives to Borrow
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (15)
    Also in IMF Working Papers, International Monetary Fund (2019) View citations (15)
39. When Governments Promise to Prioritize Public Debt: Do Markets Care?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2019)
    See also Journal Article When Governments Promise to Prioritize Public Debt: Do Markets Care?, Journal of Financial Regulation, Oxford University Press View citations (1)

2018

40. Corporate Foreign Bond Issuance and Interfirm Loans in China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (15)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (14)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2018) View citations (12)
    See also Journal Article Corporate foreign bond issuance and interfirm loans in China, Journal of International Economics, Elsevier (2024) (2024)
41. Does Public Debt Crowd Out Corporate Investment? International Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2018) View citations (30)
42. How to Solve the Greek Debt Problem
    Policy Briefs, Peterson Institute for International Economics
43. Investment Gaps in IDB Borrowing Countries
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
44. Maduro Bonds
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
45. The Hausmann-Gorky Effect
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (2)
    See also Journal Article The Hausmann–Gorky Effect, Journal of Business Ethics, Springer (2020) (2020)

2017

46. A Note on the Economics of Philanthropy
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (2)
47. Does Greece Need More Official Debt Relief? If So, How Much?
    Working Paper Series, Peterson Institute for International Economics View citations (10)
48. Lessons Unlearned? Corporate Debt in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (19)
49. Non-linearities in the Relationship between Finance and Growth
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (2)
    See also Journal Article Nonlinearities in the Relationship Between Finance and Growth, Comparative Economic Studies, Palgrave Macmillan (2018) View citations (4) (2018)
50. The Cyclicality of International Public Sector Borrowing in Developing Countries: Does the Lender Matter?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2017) View citations (3)
    IDB Publications (Working Papers), Inter-American Development Bank (2017) View citations (14)
    See also Journal Article The cyclicality of international public sector borrowing in developing countries: Does the lender matter?, World Development, Elsevier (2018) View citations (12) (2018)

2016

51. Can Countries Rely on Foreign Saving for Investment and Economic Development?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2016) View citations (4)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2016) View citations (4)
    See also Journal Article Can countries rely on foreign saving for investment and economic development?, Review of World Economics (Weltwirtschaftliches Archiv), Springer (2018) View citations (6) (2018)
52. Public Debt and Private Firm Funding. Evidence from Chinese Cities
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (31)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2016) View citations (31)
53. The Second Wave of Global Liquidity: Why Are Firms Acting Like Financial Intermediaries?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (43)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (37)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2015) View citations (37)

2015

54. Billions on the Sidewalk: Improving Savings by Reducing Investment Mistakes
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
55. Debt Sustainability in Low-Income Countries - The Grants versus Loans Debate in a World without Crystal Balls
    Working Papers, FERDI View citations (1)
    Also in Working Papers, FERDI (2015) View citations (1)
    Working Papers, FERDI (2015) View citations (2)
56. Editors’ summary
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2015)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2010)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2011)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2012)
57. Peru’s Great Depression A Perfect Storm?
    Working Papers, Peruvian Economic Association View citations (1)
58. Too Much Finance or Statistical Illusion: A Comment
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (108)

2014

59. A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (21)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (21)
    See also Journal Article A surplus of ambition: can Europe rely on large primary surpluses to solve its debt problem?, Economic Policy, CEPR, CESifo, Sciences Po (2016) View citations (47) (2016)
60. Public Debt Risks in Italy Myths, Facts, and Policies
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (3)

2013

61. Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies
    Working Paper Series, Harvard University, John F. Kennedy School of Government View citations (78)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2013) View citations (71)
    Growth Lab Working Papers, Harvard's Growth Lab (2013)
    CID Working Papers, Center for International Development at Harvard University (2013) View citations (72)
    See also Journal Article Debt levels, debt composition, and sovereign spreads in emerging and advanced economies, Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited (2013) View citations (76) (2013)
62. Do We Need a Mechanism for Solving Sovereign Debt Crises? A Rule-Based Discussion
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (16)
63. Finance and Economic Development in a Model with Credit Rationing
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    See also Chapter Finance and Economic Development in a Model with Credit Rationing, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2013) (2013)
64. Guest Workers: Financial Development and Economic Growth: Known Knowns, Known Unknowns, and Unknown Unknowns
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (5)
65. Public Debt and Economic Growth in Advanced Economies: A Survey
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (212)
    See also Journal Article Public Debt and Economic Growth in Advanced Economies: A Survey, Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES) (2013) View citations (210) (2013)

2012

66. Public Debt and Economic Growth: Is There a Causal Effect?
    Mo.Fi.R. Working Papers, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences View citations (77)
    Also in POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS (2012) View citations (83)
    See also Journal Article Public debt and economic growth: Is there a causal effect?, Journal of Macroeconomics, Elsevier (2014) View citations (263) (2014)
67. Too Much Finance?
    IMF Working Papers, International Monetary Fund View citations (314)
    See also Journal Article Too much finance?, Journal of Economic Growth, Springer (2015) View citations (446) (2015)

2011

68. Democracy, education and the quality of government
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (7)
    See also Journal Article Democracy, education and the quality of government, Journal of Economic Growth, Springer (2015) View citations (29) (2015)
69. The determinants of the composition of public debt in developing and emerging market countries
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (44)

2010

70. Conflicts of Interest, Reputation and the Interwar Debt Crisis: Banksters or Bad Luck?
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (9)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (9)
71. INTERNATIONAL GOVERNMENT DEBT
    UNCTAD Discussion Papers, United Nations Conference on Trade and Development View citations (19)
    Also in Business School Working Papers, Universidad Torcuato Di Tella (2010) View citations (19)
72. Redemption or Abstinence? Original Sin, Currency Mismatches and Counter-Cyclical Policies in the New Millenium
    Growth Lab Working Papers, Harvard's Growth Lab
    Also in CID Working Papers, Center for International Development at Harvard University (2010) View citations (12)
    See also Journal Article Redemption or Abstinence? Original Sin, Currency Mismatches and Counter Cyclical Policies in the New Millennium, Journal of Globalization and Development, De Gruyter (2011) View citations (70) (2011)

2009

73. Capital account liberalization, financial development and industry growth: a synthetic view
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (21)
    See also Journal Article Capital account liberalization, financial development and industry growth: A synthetic view, Journal of International Money and Finance, Elsevier (2011) View citations (74) (2011)
74. International Evidence on Recovery from Recessions
    IMF Working Papers, International Monetary Fund View citations (33)
    See also Journal Article INTERNATIONAL EVIDENCE ON RECOVERY FROM RECESSIONS, Contemporary Economic Policy, Western Economic Association International (2013) View citations (52) (2013)

2008

75. DOMESTIC AND EXTERNAL PUBLIC DEBT IN DEVELOPING COUNTRIES
    UNCTAD Discussion Papers, United Nations Conference on Trade and Development View citations (133)
76. The Costs of Sovereign Default
    IMF Working Papers, International Monetary Fund View citations (82)
    See also Journal Article The Costs of Sovereign Default, IMF Staff Papers, Palgrave Macmillan (2009) View citations (173) (2009)
77. The External Debt Contentious Six Years after the Monterrey Consensus
    G-24 Discussion Papers, United Nations Conference on Trade and Development View citations (6)

2007

78. A reappraisal of state-owned banks
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (2)
    See also Journal Article A Reappraisal of State-Owned Banks, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2007) View citations (19) (2007)
79. Prociclicalidad o Causalidad Reversa?
    Research Department Publications, Inter-American Development Bank, Research Department
80. Procyclicality or Reverse Causality?
    Research Department Publications, Inter-American Development Bank, Research Department View citations (98)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2007) View citations (13)
81. Targeting the Structural Balance
    Research Department Publications, Inter-American Development Bank, Research Department View citations (12)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2007) View citations (2)

2006

82. An Evaluation of the Contractionary Devaluation Hypothesis
    IDB Publications (Working Papers), Inter-American Development Bank View citations (3)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (26)
    IIE, Working Papers, IIE, Universidad Nacional de La Plata (2006) View citations (25)
    Department of Economics, Working Papers, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata (2006) View citations (23)
    See also Chapter An Evaluation of the Contractionary Devaluation Hypothesis, Palgrave Macmillan Books, Palgrave Macmillan (2010) View citations (6) (2010)
83. Bank Ownership and Lending Behavior
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (135)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2004) View citations (28)
    IDB Publications (Working Papers), Inter-American Development Bank (2004) View citations (1)
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS (2006) View citations (134)
    See also Journal Article Bank ownership and lending behavior, Economics Letters, Elsevier (2006) View citations (123) (2006)
84. Bank Ownership and Performance Does Politics Matter?
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (6)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2005) View citations (4)
    See also Journal Article Bank ownership and performance. Does politics matter?, Journal of Banking & Finance, Elsevier (2007) View citations (358) (2007)
85. Debt Instruments and Policies in the New Millennium: New Markets and New Opportunities
    Research Department Publications, Inter-American Development Bank, Research Department View citations (17)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2006) View citations (5)
86. Do Sovereign Defaults Hurt Exporters?
    Research Department Publications, Inter-American Development Bank, Research Department View citations (11)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2006) View citations (2)
    See also Journal Article Do Sovereign Defaults Hurt Exporters?, Open Economies Review, Springer (2010) View citations (50) (2010)
87. Inflation and labor market flexibility: The squeaky wheel gets the grease
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (1)
    Also in Econometric Society 2004 Latin American Meetings, Econometric Society (2004) View citations (17)
    IDB Publications (Working Papers), Inter-American Development Bank (2003) View citations (1)
    Research Department Publications, Inter-American Development Bank, Research Department (2003) View citations (6)
88. La deuda pública en el mundo
    Research Department Publications, Inter-American Development Bank, Research Department
89. La parte no explicada de la deuda pública
    Research Department Publications, Inter-American Development Bank, Research Department
90. Propiedad y Desempeño de la Banca: ¿Importa la Política?
    IDB Publications (Working Papers), Inter-American Development Bank
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006)
91. Public Debt around the World: A New Dataset of Central Government Debt
    IDB Publications (Working Papers), Inter-American Development Bank View citations (7)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (46)
    See also Journal Article Public debt around the world: a new data set of central government debt, Applied Economics Letters, Taylor & Francis Journals (2010) View citations (34) (2010)
92. Religion and education gender gap: Are Muslims different?
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (2)
    See also Journal Article Religion and education gender gap: Are Muslims different?, Economics of Education Review, Elsevier (2009) View citations (27) (2009)
93. Sovereign Debt In The Americas: New Data and Stylized Facts
    Business School Working Papers, Universidad Torcuato Di Tella View citations (51)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (49)
    Working Papers Central Bank of Chile, Central Bank of Chile (2006) View citations (46)
94. The Cost of Reserves
    Business School Working Papers, Universidad Torcuato Di Tella View citations (13)
95. The Elusive Costs of Sovereign Defaults
    Research Department Publications, Inter-American Development Bank, Research Department View citations (23)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2006) View citations (84)
    See also Journal Article The elusive costs of sovereign defaults, Journal of Development Economics, Elsevier (2011) View citations (141) (2011)
96. The Unexplained Part of Public Debt
    Research Department Publications, Inter-American Development Bank, Research Department View citations (40)
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2006) View citations (13)
    See also Journal Article The unexplained part of public debt, Emerging Markets Review, Elsevier (2006) View citations (37) (2006)
97. Why are Latin Americans so Unhappy about Reforms?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (3)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (12)
    See also Journal Article Why Are Latin Americans So Unhappy About Reforms?, Journal of Applied Economics, Taylor & Francis Journals (2005) View citations (9) (2005)
98. ¿Perjudican a los exportadores los incumplimientos soberanos?
    Research Department Publications, Inter-American Development Bank, Research Department

2005

99. Bank Concentration and Credit Volatility
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
    See also Chapter Bank Concentration and Credit Volatility, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2006) (2006)

2004

100. Bank Ownership and Performance
     IDB Publications (Working Papers), Inter-American Development Bank View citations (11)
     Also in Research Department Publications, Inter-American Development Bank, Research Department (2004) View citations (44)
101. Comments
     LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
102. Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador
     Research Department Publications, Inter-American Development Bank, Research Department View citations (17)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (2004) View citations (2)
103. Propiedad de la banca y conducta crediticia
     Research Department Publications, Inter-American Development Bank, Research Department
104. Propiedad y desempeño de la banca
     Research Department Publications, Inter-American Development Bank, Research Department
105. Should the Government Be in the Banking Business? The Role of State-Owned and Development Banks
     Research Department Publications, Inter-American Development Bank, Research Department View citations (62)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (2004) View citations (9)
106. The Long-Run Volatility Puzzle of the Real Exchange Rate
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (20)
     See also Journal Article The long-run volatility puzzle of the real exchange rate, Journal of International Money and Finance, Elsevier (2006) View citations (77) (2006)
107. Viabilidad fiscal en países de mercados emergentes con un enfoque en Ecuador
     Research Department Publications, Inter-American Development Bank, Research Department
108. ¿Debe el gobierno participar en la actividad bancaria? El papel de la banca propiedad del Estado y de la banca de fomento
     Research Department Publications, Inter-American Development Bank, Research Department

2003

109. Conducción empresarial y flujos de capitales privados hacia América Latina
     Research Department Publications, Inter-American Development Bank, Research Department
110. Corporate Governance and Private Capital Flows to Latin America
     Research Department Publications, Inter-American Development Bank, Research Department View citations (3)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (2003)
111. Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why it Matters
     NBER Working Papers, National Bureau of Economic Research, Inc View citations (246)
     See also Chapter Currency Mismatches, Debt Intolerance, and the Original Sin: Why They Are Not the Same and Why It Matters, NBER Chapters, National Bureau of Economic Research, Inc (2007) View citations (135) (2007)
112. Inflación y flexibilidad del mercado laboral: La rueda que chilla es la que se engrasa
     Research Department Publications, Inter-American Development Bank, Research Department
113. La naturaleza cíclica de los flujos norte-sur de inversión extranjera directa
     Research Department Publications, Inter-American Development Bank, Research Department
114. The Cyclical Nature of North-South FDI Flows
     IDB Publications (Working Papers), Inter-American Development Bank View citations (2)
     Also in Business School Working Papers, Universidad Torcuato Di Tella (2002) View citations (10)
     Research Department Publications, Inter-American Development Bank, Research Department (2003) View citations (2)
     See also Journal Article The cyclical nature of North-South FDI flows, Journal of International Money and Finance, Elsevier (2007) View citations (94) (2007)

2002

115. Las reformas estructurales en América Latina bajo la lupa
     Research Department Publications, Inter-American Development Bank, Research Department
116. Particularismo político alrededor del mundo
     Research Department Publications, Inter-American Development Bank, Research Department
117. Political Particularism around the World
     Research Department Publications, Inter-American Development Bank, Research Department View citations (8)
     Also in Informes de Investigación, Fedesarrollo (2002) View citations (1)
     IDB Publications (Working Papers), Inter-American Development Bank (2002) View citations (1)
118. Structural Reforms in Latin America under Scrutiny
     Research Department Publications, Inter-American Development Bank, Research Department View citations (113)
     Also in Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (79)
     IDB Publications (Working Papers), Inter-American Development Bank (2002) View citations (18)
119. Un escrutinio a las reformas estructurales en América Latina
     Research Department Publications, Inter-American Development Bank, Research Department View citations (1)

2001

120. Public sector wages and bureaucratic quality: evidence from Latin America
     LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (2)
     See also Journal Article Public Sector Wages and Bureaucratic Quality: Evidence from Latin America, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2001) View citations (29) (2001)

2000

121. Instituciones políticas y el colapso del crecimiento
     Research Department Publications, Inter-American Development Bank, Research Department
122. Political Institutions and Growth Collapses
     IDB Publications (Working Papers), Inter-American Development Bank
     Also in Research Department Publications, Inter-American Development Bank, Research Department (2000) View citations (12)
     See also Journal Article Political Institutions and Growth Collapses, Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo" (2004) View citations (2) (2004)
123. Prima del sector público y la brecha entre los sexos en América Latina: elementos de juicio de los años 80 y 90
     Research Department Publications, Inter-American Development Bank, Research Department
124. The Public Sector Premium and the Gender Gap in Latin America: Evidence from the 1980s and 1990s
     Research Department Publications, Inter-American Development Bank, Research Department View citations (10)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (2000) View citations (1)
125. Why Do Countries Float the Way They Float?
     Research Department Publications, Inter-American Development Bank, Research Department View citations (104)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (2000) View citations (25)
     See also Journal Article Why do countries float the way they float?, Journal of Development Economics, Elsevier (2001) View citations (381) (2001)
126. ¿Por qué los países tienen los regímenes de cambio flotante que tienen?
     Research Department Publications, Inter-American Development Bank, Research Department

1999

127. Desigualdad del ingreso y crecimiento económico: elementos de juicio de datos de USA
     Research Department Publications, Inter-American Development Bank, Research Department
128. Income Inequality and Economic Growth: Evidence from the American Data
     Research Department Publications, Inter-American Development Bank, Research Department View citations (9)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (1999) View citations (1)
     See also Journal Article Income Inequality and Economic Growth: Evidence from American Data, Journal of Economic Growth, Springer (2002) View citations (184) (2002)
129. Why Do Lazy People Make More Money? The Strange Case of the Public Sector Wage Premium
     Research Department Publications, Inter-American Development Bank, Research Department View citations (5)
     Also in IDB Publications (Working Papers), Inter-American Development Bank (1998) View citations (2)
130. ¿Por qué la gente floja gana más dinero? El extraño caso de la prima salarial del sector público
     Research Department Publications, Inter-American Development Bank, Research Department

Undated

131. Fiscal Sustainability in the Post-COVID-19 Era / La sostenibilidad fiscal en la era post-COVID-19 / La sostenibilitat fiscal a l’era post-COVID-19 Creation-Date: 2021
     IEB Reports, Institut d'Economia de Barcelona (IEB)

Journal Articles

2025

1. The Debt Crisis of the 1980s: Law and Political Economy. By Jérôme Sgard. Cheltenham, UK: Edward Elgar Publishing, 2023. Pp. 354. $165.00, hardcover
   The Journal of Economic History, 2025, 85, (1), 299-302

2024

2. Bank ownership around the world
   Journal of Banking & Finance, 2024, 166, (C) View citations (2)
   See also Working Paper Bank Ownership Around the World, CEPR Discussion Papers (2023) (2023)
3. Corporate foreign bond issuance and interfirm loans in China
   Journal of International Economics, 2024, 152, (C)
   See also Working Paper Corporate Foreign Bond Issuance and Interfirm Loans in China, NBER Working Papers (2018) View citations (15) (2018)
4. Merit-based scholarships for university graduates: A generation of Italian economists
   Labour Economics, 2024, 90, (C)
5. Obscure contract terms: an inadvertent pricing experiment
   Capital Markets Law Journal, 2024, 19, (3), 230-241
   See also Working Paper Obscure contract terms: an inadvertent pricing experiment, IHEID Working Papers (2024) (2024)
6. Risk, Contract Terms, and Maturity in the Sovereign Debt Market
   Journal of Financial Regulation, 2024, 10, (1), 109-126

2023

7. On Debt and climate
   Oxford Open Economics, 2023, 2, 307-316
8. Sovereign Debt Puzzles
   Annual Review of Financial Economics, 2023, 15, (1), 239-263
   See also Working Paper Sovereign Debt Puzzles, CEPR Discussion Papers (2022) (2022)
9. State-owned commercial banks
   Journal of Economic Policy Reform, 2023, 26, (1), 44-66 View citations (3)
   See also Working Paper State-Owned Commercial Banks, IHEID Working Papers (2021) View citations (4) (2021)
10. Yet it Endures: The Persistence of Original Sin
    Open Economies Review, 2023, 34, (1), 1-42 View citations (14)
    See also Working Paper Yet it Endures The Persistence of Original Sin, IHEID Working Papers (2022) View citations (3) (2022)

2022

11. A new general interest journal to make economics open again
    Oxford Open Economics, 2022, 1, 1-2
12. Enough Potential Repudiation: Economic and Legal Aspects of Sovereign Debt in the Pandemic Era
    Annual Review of Economics, 2022, 14, (1), 545-570 View citations (4)
    See also Working Paper Enough Potential Repudiation: Economic and Legal Aspects of Sovereign Debt in the Pandemic Era, IHEID Working Papers (2022) View citations (2) (2022)
13. Environmental protection and sovereign debt restructuring
    Capital Markets Law Journal, 2022, 17, (3), 307-316
14. Politically connected firms and privileged access to credit: Evidence from Central and Eastern Europe
    European Journal of Political Economy, 2022, 71, (C) View citations (11)
15. The Odious Haitian Independence Debt
    Journal of Globalization and Development, 2022, 13, (2), 339-378
    See also Working Paper The Odious Haitian Independence Debt, CEPR Discussion Papers (2021) (2021)

2021

16. Legal Air Cover
    Journal of Financial Regulation, 2021, 7, (2), 189-216 View citations (1)
    See also Working Paper Legal Air Cover, IHEID Working Papers (2020) View citations (1) (2020)
17. Make-wholes in sovereign bonds
    Capital Markets Law Journal, 2021, 16, (3), 267-299 View citations (1)

2020

18. Alternative Solutions to the Odious Debt Problem
    Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, 2020, 54, (1), 153-168 View citations (1)
    See also Working Paper Alternative Solutions to the Odious Debt Problem, IHEID Working Papers (2020) (2020)
19. How to restructure Euro area sovereign debt in the era of Covid-19
    Capital Markets Law Journal, 2020, 15, (3), 322-346
20. Local Crowding‐Out in China
    Journal of Finance, 2020, 75, (6), 2855-2898 View citations (119)
    See also Working Paper Local Crowding Out in China, CSEF Working Papers (2019) View citations (13) (2019)
21. Smart Development Banks
    Journal of Industry, Competition and Trade, 2020, 20, (2), 395-420 View citations (16)
    See also Working Paper Smart Development Banks, IHEID Working Papers (2019) (2019)
22. The Hausmann–Gorky Effect
    Journal of Business Ethics, 2020, 166, (1), 175-195
    See also Working Paper The Hausmann-Gorky Effect, IHEID Working Papers (2018) View citations (2) (2018)

2019

23. Corporate debt, firm size and financial fragility in emerging markets
    Journal of International Economics, 2019, 118, (C), 1-19 View citations (33)
    See also Working Paper Corporate Debt, Firm Size and Financial Fragility in Emerging Markets, NBER Working Papers (2019) View citations (42) (2019)

2018

24. Can countries rely on foreign saving for investment and economic development?
    Review of World Economics (Weltwirtschaftliches Archiv), 2018, 154, (2), 277-306 View citations (6)
    See also Working Paper Can Countries Rely on Foreign Saving for Investment and Economic Development?, CEPR Discussion Papers (2016) View citations (4) (2016)
25. Nonlinearities in the Relationship Between Finance and Growth
    Comparative Economic Studies, 2018, 60, (1), 44-53 View citations (4)
    See also Working Paper Non-linearities in the Relationship between Finance and Growth, IHEID Working Papers (2017) View citations (2) (2017)
26. The Folk Theorem of Decreasing Effectiveness of Monetary Policy: What Do the Data Say?
    Russian Journal of Money and Finance, 2018, 77, (1), 71-107 View citations (4)
27. The Real Effects of Financial Globalization: What Do the Data Say?
    Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, 2018, 52, (1), 21-30
28. The cyclicality of international public sector borrowing in developing countries: Does the lender matter?
    World Development, 2018, 112, (C), 119-135 View citations (12)
    See also Working Paper The Cyclicality of International Public Sector Borrowing in Developing Countries: Does the Lender Matter?, CEPR Discussion Papers (2017) View citations (3) (2017)

2017

29. Non-linéarités dans la relation entre finance et croissance
    Revue d'économie financière, 2017, N° 127, (3), 83-94

2016

30. A surplus of ambition: can Europe rely on large primary surpluses to solve its debt problem?
    Economic Policy, 2016, 31, (85), 5-49 View citations (47)
    See also Working Paper A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?, CEPR Discussion Papers (2014) View citations (21) (2014)

2015

31. Democracy, education and the quality of government
    Journal of Economic Growth, 2015, 20, (4), 333-363 View citations (29)
    See also Working Paper Democracy, education and the quality of government, POLIS Working Papers (2011) View citations (7) (2011)
32. Financing for development: editors’ introduction
    Oxford Review of Economic Policy, 2015, 31, (3-4), 259-267
33. La gran depresión de la economía peruana: ¿Una tormenta perfecta?
    Revista Estudios Económicos, 2015, (30), 91-117 View citations (2)
    See also Chapter La gran depresión de la economía peruana: ¿Una tormenta perfecta?, Capítulos de libros, 2020, 1, 39-73 (2020) (2020)
34. Too much finance?
    Journal of Economic Growth, 2015, 20, (2), 105-148 View citations (446)
    See also Working Paper Too Much Finance?, IMF Working Papers (2012) View citations (314) (2012)

2014

35. Développement financier et croissance économique: les connus connus, les inconnus connus et les inconnus inconnus
    Revue d’économie du développement, 2014, 22, (2), 33-66 View citations (1)
36. Financial Development and Economic Growth: Known Knowns, Known Unknowns, and Unknown Unknowns
    Revue d’économie du développement, 2014, 22, (HS02), 35-65 View citations (26)
37. Public debt and economic growth: Is there a causal effect?
    Journal of Macroeconomics, 2014, 41, (C), 21-41 View citations (263)
    See also Working Paper Public Debt and Economic Growth: Is There a Causal Effect?, Mo.Fi.R. Working Papers (2012) View citations (77) (2012)

2013

38. Debt levels, debt composition, and sovereign spreads in emerging and advanced economies
    Oxford Review of Economic Policy, 2013, 29, (3), 518-547 View citations (76)
    See also Working Paper Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies, Working Paper Series (2013) View citations (78) (2013)
39. INTERNATIONAL EVIDENCE ON RECOVERY FROM RECESSIONS
    Contemporary Economic Policy, 2013, 31, (2), 424-439 View citations (52)
    See also Working Paper International Evidence on Recovery from Recessions, IMF Working Papers (2009) View citations (33) (2009)
40. Public Debt and Economic Growth in Advanced Economies: A Survey
    Swiss Journal of Economics and Statistics (SJES), 2013, 149, (II), 175-204 View citations (210)
    See also Working Paper Public Debt and Economic Growth in Advanced Economies: A Survey, Mo.Fi.R. Working Papers (2013) View citations (212) (2013)
41. The Origins and Resolution of Debt Crises: It Is Not Always Fiscal!
    Comparative Economic Studies, 2013, 55, (3), 431-453 View citations (4)

2011

42. Capital account liberalization, financial development and industry growth: A synthetic view
    Journal of International Money and Finance, 2011, 30, (6), 1090-1106 View citations (74)
    See also Working Paper Capital account liberalization, financial development and industry growth: a synthetic view, POLIS Working Papers (2009) View citations (21) (2009)
43. Redemption or Abstinence? Original Sin, Currency Mismatches and Counter Cyclical Policies in the New Millennium
    Journal of Globalization and Development, 2011, 2, (1), 35 View citations (70)
    See also Working Paper Redemption or Abstinence? Original Sin, Currency Mismatches and Counter-Cyclical Policies in the New Millenium, Growth Lab Working Papers (2010) (2010)
44. The elusive costs of sovereign defaults
    Journal of Development Economics, 2011, 94, (1), 95-105 View citations (141)
    See also Working Paper The Elusive Costs of Sovereign Defaults, Research Department Publications (2006) View citations (23) (2006)

2010

45. Do Sovereign Defaults Hurt Exporters?
    Open Economies Review, 2010, 21, (3), 393-412 View citations (50)
    See also Working Paper Do Sovereign Defaults Hurt Exporters?, Research Department Publications (2006) View citations (11) (2006)
46. Public debt around the world: a new data set of central government debt
    Applied Economics Letters, 2010, 17, (1), 19-24 View citations (34)
    See also Working Paper Public Debt around the World: A New Dataset of Central Government Debt, IDB Publications (Working Papers) (2006) View citations (7) (2006)

2009

47. Religion and education gender gap: Are Muslims different?
    Economics of Education Review, 2009, 28, (3), 337-344 View citations (27)
    See also Working Paper Religion and education gender gap: Are Muslims different?, POLIS Working Papers (2006) View citations (2) (2006)
48. The Costs of Sovereign Default
    IMF Staff Papers, 2009, 56, (4), 683-741 View citations (173)
    See also Working Paper The Costs of Sovereign Default, IMF Working Papers (2008) View citations (82) (2008)
49. The Economics and Law of Sovereign Debt and Default
    Journal of Economic Literature, 2009, 47, (3), 651-98 View citations (280)

2007

50. A Reappraisal of State-Owned Banks
    Economía Journal, 2007, Volume 7 Number 2, (Spring 2007), 209-259 View citations (19)
    See also Working Paper A reappraisal of state-owned banks, LSE Research Online Documents on Economics (2007) View citations (2) (2007)
51. Bank ownership and performance. Does politics matter?
    Journal of Banking & Finance, 2007, 31, (1), 219-241 View citations (358)
    See also Working Paper Bank Ownership and Performance Does Politics Matter?, POLIS Working Papers (2006) View citations (6) (2006)
52. The cyclical nature of North-South FDI flows
    Journal of International Money and Finance, 2007, 26, (1), 104-130 View citations (94)
    See also Working Paper The Cyclical Nature of North-South FDI Flows, IDB Publications (Working Papers) (2003) View citations (2) (2003)

2006

53. Bank ownership and lending behavior
    Economics Letters, 2006, 93, (2), 248-254 View citations (123)
    See also Working Paper Bank Ownership and Lending Behavior, Working Papers Central Bank of Chile (2006) View citations (135) (2006)
54. Does Inflation Grease the Wheels of the Labor Market?
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-28 View citations (5)
55. The long-run volatility puzzle of the real exchange rate
    Journal of International Money and Finance, 2006, 25, (1), 93-124 View citations (77)
    See also Working Paper The Long-Run Volatility Puzzle of the Real Exchange Rate, NBER Working Papers (2004) View citations (20) (2004)
56. The unexplained part of public debt
    Emerging Markets Review, 2006, 7, (3), 228-243 View citations (37)
    See also Working Paper The Unexplained Part of Public Debt, Research Department Publications (2006) View citations (40) (2006)

2005

57. Political and Corporate Governance and Pro‐Cyclicality in Capital Flows: Evidence from Emerging Market Countries
    International Finance, 2005, 8, (2), 167-198
58. Public-private wage differential and gender gap in Latin America: Spoiled bureaucrats and exploited women?
    Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2005, 34, (6), 810-833 View citations (37)
59. Why Are Latin Americans So Unhappy About Reforms?
    Journal of Applied Economics, 2005, 8, (1), 1-29 View citations (9)
    Also in Journal of Applied Economics, 2005, 08, (01), 29 (2005) View citations (7)
    Journal of Applied Economics, 2005, 8, 1-29 (2005) View citations (12)
    See also Working Paper Why are Latin Americans so Unhappy about Reforms?, IDB Publications (Working Papers) (2006) View citations (3) (2006)

2004

60. Decentralising the public sector: What Drives Fiscal Decentralisation?
    ifo DICE Report, 2004, 2, (01), 21-25
61. Economic, Social and Demographic Determinants of Political Participation in Latin America; Evidence from the 1990s
    Revista Latinoamericana de Desarrollo Economico, 2004, (3), 151-182 View citations (4)
62. Political Institutions and Growth Collapses
    Revista Latinoamericana de Desarrollo Economico, 2004, (2), 11-32 View citations (2)
    See also Working Paper Political Institutions and Growth Collapses, IDB Publications (Working Papers) (2000) (2000)
63. Reform fatigue: symptoms, reasons, and implications
    Economic Review, 2004, 89, (Q 2), 1 - 28 View citations (22)

2003

64. Debt composition and balance sheet effects of currency depreciation: a summary of the micro evidence
    Emerging Markets Review, 2003, 4, (4), 330-339 View citations (113)
65. Le péché originel: le calvaire, le mystère et le chemin de la rédemption
    L'Actualité Economique, 2003, 79, (4), 419-455 View citations (2)
66. On the determinants of Original Sin: an empirical investigation
    Journal of International Money and Finance, 2003, 22, (7), 957-990 View citations (157)
67. Particularism around the World
    The World Bank Economic Review, 2003, 17, (1), 133-143 View citations (16)

2002

68. Income Inequality and Economic Growth: Evidence from American Data
    Journal of Economic Growth, 2002, 7, (1), 25-41 View citations (184)
    See also Working Paper Income Inequality and Economic Growth: Evidence from the American Data, Research Department Publications (1999) View citations (9) (1999)

2001

69. Convergence in Income Inequality
    Journal of Income Distribution, 2001, 10, (1-2), 1-1 View citations (27)
70. Electoral Rules, Political Systems, and Institutional Quality
    Economics and Politics, 2001, 13, (3), 311-342 View citations (33)
71. Public Sector Wages and Bureaucratic Quality: Evidence from Latin America
    Economía Journal, 2001, Volume 2 Number 1, (Fall 2001), 97-152 View citations (29)
    See also Working Paper Public sector wages and bureaucratic quality: evidence from Latin America, LSE Research Online Documents on Economics (2001) View citations (2) (2001)
72. Why do countries float the way they float?
    Journal of Development Economics, 2001, 66, (2), 387-414 View citations (381)
    See also Working Paper Why Do Countries Float the Way They Float?, Research Department Publications (2000) View citations (104) (2000)

1999

73. On the determinants of fiscal centralization: Theory and evidence
    Journal of Public Economics, 1999, 74, (1), 97-139 View citations (264)

1997

74. Optimal Contracts for Central Bankers: Inflation versus Money Supply and Exchange Rate Targets
    Open Economies Review, 1997, 8, (1), 5-29 View citations (3)

Undated

75. When Governments Promise to Prioritize Public Debt: Do Markets Care?
    Journal of Financial Regulation, 6, (1), 41-74 View citations (1)
    See also Working Paper When Governments Promise to Prioritize Public Debt: Do Markets Care?, CEPR Discussion Papers (2019) (2019)

Books

2014

1. ¿Cómo repensar el desarrollo productivo?: Políticas e instituciones sólidas para la transformación económica
   IDB Publications (Books), Inter-American Development Bank View citations (2)

2013

2. The Interaction of Political, Fiscal and Financial Stability: Lessons from the Crisis
   SUERF Studies, SUERF - The European Money and Finance Forum View citations (2)

2007

3. The State of State Reform in Latin America
   IDB Publications (Books), Inter-American Development Bank View citations (20)

2005

4. Unlocking Credit: The Quest for Deep and Stable Bank Lending. Economic and Social Progress in Latin America. 2005 Report
   IDB Publications (Books), Inter-American Development Bank View citations (8)

Edited books

2020

1. COVID-19 in Developing Economies
   Vox eBooks, Centre for Economic Policy Research View citations (47)
2. Publishing and Measuring Success in Economics
   Vox eBooks, Centre for Economic Policy Research View citations (7)

2008

3. Bond Markets in Latin America: On the Verge of a Big Bang?, vol 1
   MIT Press Books, The MIT Press View citations (51)

Chapters

2024

1. Debt explosions and reductions in emerging and developing countries: drivers and implications
   Chapter 2 in Fiscal Policy in a Turbulent Era, 2024, pp 22-38

2023

2. Reducing Public Debt: What Works Best?
   Chapter 9 in Dealing with Debt, 2023, pp 197-222

2022

3. Fiscal uncertainty: the thankless task of forecasting Asias fiscal accounts
   Chapter 9 in The Sustainability of Asia’s Debt, 2022, pp 239-268

2020

4. A debt standstill for developing and emerging market countries
   Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 317-328 View citations (28)
5. Developing economies after COVID-19: An introduction
   Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 8-23 View citations (6)
6. Introduction
   Chapter 1 in Publishing and Measuring Success in Economics, 2020, vol. 1, pp 1-7
7. La gran depresión de la economía peruana: ¿Una tormenta perfecta?
   Chapter 2 in Crecimiento económico en el Perú: causas y consecuencias, 2020, vol. 1, pp 39-73
   See also Journal Article La gran depresión de la economía peruana: ¿Una tormenta perfecta?, Banco Central de Reserva del Perú (2015) View citations (2) (2015)
8. Suggestions for further reading
   Chapter 1 in Publishing and Measuring Success in Economics, 2020, vol. 1, pp 159-165 View citations (2)

2013

9. Finance and Economic Development in a Model with Credit Rationing
   Chapter 5 in The Social Value of the Financial Sector Too Big to Fail or Just Too Big?, 2013, pp 67-80
   See also Working Paper Finance and Economic Development in a Model with Credit Rationing, Economics Section, The Graduate Institute of International Studies (2013) (2013)

2010

10. An Evaluation of the Contractionary Devaluation Hypothesis
    Palgrave Macmillan View citations (6)
    See also Working Paper An Evaluation of the Contractionary Devaluation Hypothesis, Inter-American Development Bank (2006) View citations (3) (2006)

2007

11. Currency Mismatches, Debt Intolerance, and the Original Sin: Why They Are Not the Same and Why It Matters
    A chapter in Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences, 2007, pp 121-170 View citations (135)
    See also Working Paper Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why it Matters, National Bureau of Economic Research, Inc (2003) View citations (246) (2003)

2006

12. Bank Concentration and Credit Volatility
    Chapter 12 in Cross-Border Banking Regulatory Challenges, 2006, pp 183-197
    See also Working Paper Bank Concentration and Credit Volatility, Central Bank of Chile (2005) View citations (1) (2005)
13. ‘Original Sin’ and Monetary Cooperation
    Palgrave Macmillan

2005

14. Macroeconomic Shocks, Inflation, and Latin America’s Labor Market
    Springer