Details about Ugo 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 Panizza.

Last updated 2023-04-25. Update your information in the RePEc Author Service.

Short-id: ppa92

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Working Papers

2023

1. Bank Ownership Around the World
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
2. Carbon Policy Surprises and Stock Returns: Signals from Financial Markets
   IMF Working Papers, International Monetary Fund

2022

3. Debt Sustainability with Involuntary Default
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
4. Do Countries Default in Bad Times? The Role of Alternative Detrending Techniques
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
5. 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
   See also Journal Article in Annual Review of Economics (2022)
6. Long-Term Debt Sustainability in Emerging Market Economies: A Counterfactual Analysis
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
7. Sovereign Debt Puzzles
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
8. The Elusive Link Between FDI and Economic Growth
   Economic Papers, Trinity College Dublin, Economics Department
   Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2022)
9. Yet it Endures The Persistence of Original Sin
   IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
   Also in CID Working Papers, Center for International Development at Harvard University (2022) View citations (1)
   See also Journal Article in Open Economies Review (2023)

2021

10. A Generation of Italian Economists
    CID Working Papers, Center for International Development at Harvard University
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2021)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2021)
11. On the Benefits of Repaying
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in IMF Working Papers, International Monetary Fund (2021)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2021)
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna (2021) View citations (1)
12. State-Owned Commercial Banks
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
    See also Journal Article in Journal of Economic Policy Reform (2023)
13. The Odious Haitian Independence Debt
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
    See also Journal Article in Journal of Globalization and Development (2022)

2020

14. Alternative Solutions to the Odious Debt Problem
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    See also Journal Article in Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science (2020)
15. Fiscal Risk and its Drivers An Empirical Analysis
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
16. Legal Air Cover
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2020) View citations (1)
    See also Journal Article in JThe Journal of Financial Regulation (2021)
17. 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
18. 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

19. Corporate Debt, Firm Size and Financial Fragility in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (28)
    See also Journal Article in Journal of International Economics (2019)
20. Euro Area Sovereign Debt: Restructuring Options
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
21. Inflation Expectations: Review and Evidence
    Policy Research Working Paper Series, The World Bank View citations (12)
    Also in Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2019) View citations (28)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2019) View citations (13)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2019) View citations (13)
22. Local Crowding Out in China
    EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) View citations (9)
    Also in CFS Working Paper Series, Center for Financial Studies (CFS) (2019) View citations (7)
    See also Journal Article in Journal of Finance (2020)
23. Political Connections and Financial Constraints: Evidence from Central and Eastern Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
24. Political Connections and Financial Constraints: Evidence from Transition Countries
    Policy Research Working Paper Series, The World Bank View citations (3)
25. Smart Development Banks
    CID Working Papers, Center for International Development at Harvard University
    Also in IDB Publications (Working Papers), Inter-American Development Bank (2019) View citations (3)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2019)
    See also Journal Article in Journal of Industry, Competition and Trade (2020)
26. The Motives to Borrow
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (8)
    Also in IMF Working Papers, International Monetary Fund (2019) View citations (8)
27. 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 in JThe Journal of Financial Regulation

2018

28. Bank Ownership and Lending Behavior
    IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2006) View citations (114)
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS (2006) View citations (113)
    Research Department Publications, Inter-American Development Bank, Research Department (2004) View citations (27)
    See also Journal Article in Economics Letters (2006)
29. Corporate Foreign Bond Issuance and Interfirm Loans in China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) View citations (11)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2018) View citations (11)
30. Does Public Debt Crowd Out Corporate Investment? International Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (27)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2018) View citations (22)
31. How to Solve the Greek Debt Problem
    Policy Briefs, Peterson Institute for International Economics
32. Investment Gaps in IDB Borrowing Countries
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
33. Maduro Bonds
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
34. The Cyclicality of International Public Sector Borrowing in Developing Countries: Does the Lender Matter?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (3)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2017) View citations (3)
    See also Journal Article in World Development (2018)
35. The Hausmann-Gorky Effect
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (2)
    See also Journal Article in Journal of Business Ethics (2020)

2017

36. A Note on the Economics of Philanthropy
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
37. Does Greece Need More Official Debt Relief? If So, How Much?
    Working Paper Series, Peterson Institute for International Economics View citations (10)
38. Lessons Unlearned? Corporate Debt in Emerging Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (17)
39. 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 in Comparative Economic Studies (2018)

2016

40. 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 IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2016) View citations (4)
    IDB Publications (Working Papers), Inter-American Development Bank (2016) View citations (4)
    See also Journal Article in Review of World Economics (Weltwirtschaftliches Archiv) (2018)
41. 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 CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (28)
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2016) View citations (28)
42. The Second Wave of Global Liquidity: Why Are Firms Acting Like Financial Intermediaries?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (38)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2015) View citations (34)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (35)

2015

43. Billions on the Sidewalk: Improving Savings by Reducing Investment Mistakes
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (1)
44. 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)
45. Peru’s Great Depression A Perfect Storm?
    Working Papers, Peruvian Economic Association View citations (1)
46. Too Much Finance or Statistical Illusion: A Comment
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (108)

2014

47. 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 (19)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (19)
    See also Journal Article in Economic Policy (2016)
48. Public Debt Risks in Italy Myths, Facts, and Policies
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies View citations (3)

2013

49. 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 (67)
    Also in IHEID Working Papers, Economics Section, The Graduate Institute of International Studies (2013) View citations (63)
    CID Working Papers, Center for International Development at Harvard University (2013) View citations (61)
    See also Journal Article in Oxford Review of Economic Policy (2013)
50. 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)
51. Finance and Economic Development in a Model with Credit Rationing
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies
    See also Chapter (2013)
52. 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)
53. 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 (190)
    See also Journal Article in Swiss Journal of Economics and Statistics (SJES) (2013)

2012

54. 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 (73)
    Also in POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS (2012) View citations (79)
    See also Journal Article in Journal of Macroeconomics (2014)
55. Too Much Finance?
    IMF Working Papers, International Monetary Fund View citations (302)
    See also Journal Article in Journal of Economic Growth (2015)

2011

56. 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 (25)
    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 (22)
    See also Chapter (2010)
57. Bank Ownership and Performance
    IDB Publications (Working Papers), Inter-American Development Bank View citations (10)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2004) View citations (43)
58. Corporate Governance and Private Capital Flows to Latin America
    IDB Publications (Working Papers), Inter-American Development Bank
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2003) View citations (3)
59. Debt Instruments and Policies in the New Millennium: New Markets and New Opportunities
    IDB Publications (Working Papers), Inter-American Development Bank View citations (4)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (15)
60. 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 in Journal of Economic Growth (2015)
61. Do Sovereign Defaults Hurt Exporters?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (2)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (11)
    See also Journal Article in Open Economies Review (2010)
62. Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador
    IDB Publications (Working Papers), Inter-American Development Bank View citations (2)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2004) View citations (16)
63. Income Inequality and Economic Growth: Evidence from the American Data
    IDB Publications (Working Papers), Inter-American Development Bank
    Also in Research Department Publications, Inter-American Development Bank, Research Department (1999) View citations (8)
    See also Journal Article in Journal of Economic Growth (2002)
64. Inflation and Labor Market Flexibility: The Squeaky Wheel Gets the Grease
    IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2003) View citations (5)
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS (2006) View citations (1)
    Econometric Society 2004 Latin American Meetings, Econometric Society (2004) View citations (17)
65. 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 in Revista Latinoamericana de Desarrollo Economico (2004)
66. Political Particularism around the World
    IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (8)
    Informes de Investigación, Fedesarrollo (2002) View citations (1)
67. Procyclicality or Reverse Causality?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (11)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2007) View citations (84)
68. 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 (45)
    See also Journal Article in Applied Economics Letters (2010)
69. Should the Government Be in the Banking Business?: The Role of State-Owned and Development Banks
    IDB Publications (Working Papers), Inter-American Development Bank View citations (7)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2004) View citations (51)
70. Structural Reforms in Latin America under Scrutiny
    IDB Publications (Working Papers), Inter-American Development Bank View citations (16)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (76)
    Research Department Publications, Inter-American Development Bank, Research Department (2002) View citations (110)
71. 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 (9)
    Research Department Publications, Inter-American Development Bank, Research Department (2003) View citations (2)
    See also Journal Article in Journal of International Money and Finance (2007)
72. The Elusive Costs of Sovereign Defaults
    IDB Publications (Working Papers), Inter-American Development Bank View citations (82)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (23)
    See also Journal Article in Journal of Development Economics (2011)
73. The Public Sector Premium and the Gender Gap in Latin America: Evidence from the 1980s and 1990s
    IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2000) View citations (5)
74. The Unexplained Part of Public Debt
    IDB Publications (Working Papers), Inter-American Development Bank View citations (9)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (36)
    See also Journal Article in Emerging Markets Review (2006)
75. 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 (40)
76. Why Do Countries Float the Way They Float?
    IDB Publications (Working Papers), Inter-American Development Bank View citations (25)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2000) View citations (104)
    See also Journal Article in Journal of Development Economics (2001)
77. Why Do Lazy People Make More Money?: The Strange Case of the Public Sector Wage Premium
    IDB Publications (Working Papers), Inter-American Development Bank View citations (2)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (1999) View citations (4)
78. 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 in Journal of Applied Economics (2005)

2010

79. 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)
80. 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)
81. Redemption or Abstinence? Original Sin, Currency Mismatches and Counter-Cyclical Policies in the New Millenium
    CID Working Papers, Center for International Development at Harvard University View citations (11)
    See also Journal Article in Journal of Globalization and Development (2011)

2009

82. 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 in Journal of International Money and Finance (2011)
83. International Evidence on Recovery from Recessions
    IMF Working Papers, International Monetary Fund View citations (30)
    See also Journal Article in Contemporary Economic Policy (2013)

2008

84. DOMESTIC AND EXTERNAL PUBLIC DEBT IN DEVELOPING COUNTRIES
    UNCTAD Discussion Papers, United Nations Conference on Trade and Development View citations (130)
85. The Costs of Sovereign Default
    IMF Working Papers, International Monetary Fund View citations (80)
    See also Journal Article in IMF Staff Papers (2009)
86. 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

87. Prociclicalidad o Causalidad Reversa?
    Research Department Publications, Inter-American Development Bank, Research Department
88. Targeting the Structural Balance
    Research Department Publications, Inter-American Development Bank, Research Department View citations (12)

2006

89. Bank Ownership and Performance Does Politics Matter?
    POLIS Working Papers, Institute of Public Policy and Public Choice - POLIS View citations (5)
    Also in Working Papers Central Bank of Chile, Central Bank of Chile (2005) View citations (4)
    See also Journal Article in Journal of Banking & Finance (2007)
90. La deuda pública en el mundo
    Research Department Publications, Inter-American Development Bank, Research Department
91. La parte no explicada de la deuda pública
    Research Department Publications, Inter-American Development Bank, Research Department
92. Propiedad y desempeño de la banca. ¿Importa la política?
    Research Department Publications, Inter-American Development Bank, Research Department
93. 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 in Economics of Education Review (2009)
94. Sovereign Debt In The Americas: New Data and Stylized Facts
    Business School Working Papers, Universidad Torcuato Di Tella View citations (49)
    Also in Research Department Publications, Inter-American Development Bank, Research Department (2006) View citations (47)
    Working Papers Central Bank of Chile, Central Bank of Chile (2006) View citations (44)
95. The Cost of Reserves
    Business School Working Papers, Universidad Torcuato Di Tella View citations (13)
96. ¿Perjudican a los exportadores los incumplimientos soberanos?
    Research Department Publications, Inter-American Development Bank, Research Department

2005

97. Bank Concentration and Credit Volatility
    Working Papers Central Bank of Chile, Central Bank of Chile View citations (1)
    See also Chapter (2006)

2004

98. Propiedad de la banca y conducta crediticia
    Research Department Publications, Inter-American Development Bank, Research Department
99. Propiedad y desempeño de la banca
    Research Department Publications, Inter-American Development Bank, Research Department
100. 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 in Journal of International Money and Finance (2006)
101. Viabilidad fiscal en países de mercados emergentes con un enfoque en Ecuador
     Research Department Publications, Inter-American Development Bank, Research Department
102. ¿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

103. Conducción empresarial y flujos de capitales privados hacia América Latina
     Research Department Publications, Inter-American Development Bank, Research Department
104. 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 (237)
     See also Chapter (2007)
105. Inflación y flexibilidad del mercado laboral: La rueda que chilla es la que se engrasa
     Research Department Publications, Inter-American Development Bank, Research Department
106. La naturaleza cíclica de los flujos norte-sur de inversión extranjera directa
     Research Department Publications, Inter-American Development Bank, Research Department

2002

107. Las reformas estructurales en América Latina bajo la lupa
     Research Department Publications, Inter-American Development Bank, Research Department
108. Particularismo político alrededor del mundo
     Research Department Publications, Inter-American Development Bank, Research Department
109. Un escrutinio a las reformas estructurales en América Latina
     Research Department Publications, Inter-American Development Bank, Research Department View citations (1)

2000

110. Instituciones políticas y el colapso del crecimiento
     Research Department Publications, Inter-American Development Bank, Research Department
111. 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
112. ¿Por qué los países tienen los regímenes de cambio flotante que tienen?
     Research Department Publications, Inter-American Development Bank, Research Department

1999

113. Desigualdad del ingreso y crecimiento económico: elementos de juicio de datos de USA
     Research Department Publications, Inter-American Development Bank, Research Department
114. ¿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

115. 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

2023

1. State-owned commercial banks
   Journal of Economic Policy Reform, 2023, 26, (1), 44-66
   See also Working Paper (2021)
2. Yet it Endures: The Persistence of Original Sin
   Open Economies Review, 2023, 34, (1), 1-42
   See also Working Paper (2022)

2022

3. 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 (2)
   See also Working Paper (2022)
4. Environmental protection and sovereign debt restructuring
   Capital Markets Law Journal, 2022, 17, (3), 307-316
5. Politically connected firms and privileged access to credit: Evidence from Central and Eastern Europe
   European Journal of Political Economy, 2022, 71, (C) View citations (3)
6. The Odious Haitian Independence Debt
   Journal of Globalization and Development, 2022, 13, (2), 339-378
   See also Working Paper (2021)

2021

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

2020

9. 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 (2020)
10. How to restructure Euro area sovereign debt in the era of Covid-19
    Capital Markets Law Journal, 2020, 15, (3), 322-346
11. Local Crowding‐Out in China
    Journal of Finance, 2020, 75, (6), 2855-2898 View citations (61)
    See also Working Paper (2019)
12. Smart Development Banks
    Journal of Industry, Competition and Trade, 2020, 20, (2), 395-420 View citations (10)
    See also Working Paper (2019)
13. The Hausmann–Gorky Effect
    Journal of Business Ethics, 2020, 166, (1), 175-195
    See also Working Paper (2018)

2019

14. Corporate debt, firm size and financial fragility in emerging markets
    Journal of International Economics, 2019, 118, (C), 1-19 View citations (29)
    See also Working Paper (2019)

2018

15. Can countries rely on foreign saving for investment and economic development?
    Review of World Economics (Weltwirtschaftliches Archiv), 2018, 154, (2), 277-306 View citations (5)
    See also Working Paper (2016)
16. Nonlinearities in the Relationship Between Finance and Growth
    Comparative Economic Studies, 2018, 60, (1), 44-53 View citations (2)
    See also Working Paper (2017)
17. 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)
18. 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
19. The cyclicality of international public sector borrowing in developing countries: Does the lender matter?
    World Development, 2018, 112, (C), 119-135 View citations (9)
    See also Working Paper (2018)
20. Unequal Gains: American Growth and Inequality since 1700
    The Economic Record, 2018, 94, (304), 112-114

2017

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

2016

22. 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 (25)
    See also Working Paper (2014)

2015

23. Democracy, education and the quality of government
    Journal of Economic Growth, 2015, 20, (4), 333-363 View citations (25)
    See also Working Paper (2011)
24. Financing for development: editors’ introduction
    Oxford Review of Economic Policy, 2015, 31, (3-4), 259-267
25. La gran depresión de la economía peruana: ¿Una tormenta perfecta?
    Revista Estudios Económicos, 2015, (30), 91-117 View citations (2)
    See also Chapter (2020)
26. Too much finance?
    Journal of Economic Growth, 2015, 20, (2), 105-148 View citations (440)
    See also Working Paper (2012)

2014

27. 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)
28. Financial Development and Economic Growth: Known Knowns, Known Unknowns, and Unknown Unknowns
    Revue d’économie du développement, 2014, 22, (HS02), 35-65 View citations (24)
29. Public debt and economic growth: Is there a causal effect?
    Journal of Macroeconomics, 2014, 41, (C), 21-41 View citations (222)
    See also Working Paper (2012)

2013

30. Debt levels, debt composition, and sovereign spreads in emerging and advanced economies
    Oxford Review of Economic Policy, 2013, 29, (3), 518-547 View citations (65)
    See also Working Paper (2013)
31. INTERNATIONAL EVIDENCE ON RECOVERY FROM RECESSIONS
    Contemporary Economic Policy, 2013, 31, (2), 424-439 View citations (45)
    See also Working Paper (2009)
32. Public Debt and Economic Growth in Advanced Economies: A Survey
    Swiss Journal of Economics and Statistics (SJES), 2013, 149, (II), 175-204 View citations (185)
    See also Working Paper (2013)
33. The Origins and Resolution of Debt Crises: It Is Not Always Fiscal!
    Comparative Economic Studies, 2013, 55, (3), 431-453 View citations (4)

2011

34. Capital account liberalization, financial development and industry growth: A synthetic view
    Journal of International Money and Finance, 2011, 30, (6), 1090-1106 View citations (60)
    See also Working Paper (2009)
35. Redemption or Abstinence? Original Sin, Currency Mismatches and Counter Cyclical Policies in the New Millennium
    Journal of Globalization and Development, 2011, 2, (1), 1-35 View citations (67)
    See also Working Paper (2010)
36. The elusive costs of sovereign defaults
    Journal of Development Economics, 2011, 94, (1), 95-105 View citations (129)
    See also Working Paper (2011)

2010

37. Do Sovereign Defaults Hurt Exporters?
    Open Economies Review, 2010, 21, (3), 393-412 View citations (44)
    See also Working Paper (2011)
38. Public debt around the world: a new data set of central government debt
    Applied Economics Letters, 2010, 17, (1), 19-24 View citations (28)
    See also Working Paper (2011)

2009

39. Religion and education gender gap: Are Muslims different?
    Economics of Education Review, 2009, 28, (3), 337-344 View citations (25)
    See also Working Paper (2006)
40. The Costs of Sovereign Default
    IMF Staff Papers, 2009, 56, (4), 683-741 View citations (154)
    See also Working Paper (2008)
41. The Economics and Law of Sovereign Debt and Default
    Journal of Economic Literature, 2009, 47, (3), 651-98 View citations (266)

2007

42. A Reappraisal of State-Owned Banks
    Economía Journal, 2007, Volume 7 Number 2, (Spring 2007), 209-259 View citations (16)
43. Bank ownership and performance. Does politics matter?
    Journal of Banking & Finance, 2007, 31, (1), 219-241 View citations (335)
    See also Working Paper (2006)
44. The cyclical nature of North-South FDI flows
    Journal of International Money and Finance, 2007, 26, (1), 104-130 View citations (90)
    See also Working Paper (2011)

2006

45. Bank ownership and lending behavior
    Economics Letters, 2006, 93, (2), 248-254 View citations (114)
    See also Working Paper (2018)
46. Does Inflation Grease the Wheels of the Labor Market?
    The B.E. Journal of Macroeconomics, 2006, 6, (1), 1-28 View citations (5)
47. The long-run volatility puzzle of the real exchange rate
    Journal of International Money and Finance, 2006, 25, (1), 93-124 View citations (72)
    See also Working Paper (2004)
48. The unexplained part of public debt
    Emerging Markets Review, 2006, 7, (3), 228-243 View citations (35)
    See also Working Paper (2011)

2005

49. Political and Corporate Governance and Pro‐Cyclicality in Capital Flows: Evidence from Emerging Market Countries
    International Finance, 2005, 8, (2), 167-198
50. 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 (32)
51. Why Are Latin Americans So Unhappy About Reforms?
    Journal of Applied Economics, 2005, 8, (1), 1-29 View citations (8)
    Also in Journal of Applied Economics, 2005, 08, (1), 29 (2005) View citations (6)
    Journal of Applied Economics, 2005, 8, 1-29 (2005) View citations (11)
    See also Working Paper (2011)

2004

52. Decentralising the public sector: What Drives Fiscal Decentralisation?
    ifo DICE Report, 2004, 2, (01), 21-25
53. 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 (3)
54. Political Institutions and Growth Collapses
    Revista Latinoamericana de Desarrollo Economico, 2004, (2), 11-32 View citations (2)
    See also Working Paper (2011)
55. Reform fatigue: symptoms, reasons, and implications
    Economic Review, 2004, 89, (Q 2), 1 - 28 View citations (20)

2003

56. 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 (108)
57. Le péché originel: le calvaire, le mystère et le chemin de la rédemption
    L'Actualité Economique, 2003, 79, (4), 419-455 View citations (2)
58. On the determinants of Original Sin: an empirical investigation
    Journal of International Money and Finance, 2003, 22, (7), 957-990 View citations (132)
59. Particularism around the World
    The World Bank Economic Review, 2003, 17, (1), 133-143 View citations (16)

2002

60. Income Inequality and Economic Growth: Evidence from American Data
    Journal of Economic Growth, 2002, 7, (1), 25-41 View citations (166)
    See also Working Paper (2011)

2001

61. Convergence in Income Inequality
    Journal of Income Distribution, 2001, 10, (1-2), 1-1 View citations (22)
62. Electoral Rules, Political Systems, and Institutional Quality
    Economics and Politics, 2001, 13, (3), 311-342 View citations (32)
63. Public Sector Wages and Bureaucratic Quality: Evidence from Latin America
    Economía Journal, 2001, Volume 2 Number 1, (Fall 2001), 97-152 View citations (24)
64. Why do countries float the way they float?
    Journal of Development Economics, 2001, 66, (2), 387-414 View citations (364)
    See also Working Paper (2011)

1999

65. On the determinants of fiscal centralization: Theory and evidence
    Journal of Public Economics, 1999, 74, (1), 97-139 View citations (252)

1997

66. 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

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

Books

2018

1. Unlocking Credit: The Quest for Deep and Stable Bank Lending
   IDB Publications (Books), Inter-American Development Bank View citations (8)

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)

2011

3. The State of State Reform in Latin America
   IDB Publications (Books), Inter-American Development Bank View citations (19)

Edited books

2020

1. COVID-19 in Developing Economies
   Vox eBooks, Centre for Economic Policy Research View citations (37)
2. Publishing and Measuring Success in Economics
   Vox eBooks, Centre for Economic Policy Research View citations (5)

2008

3. Bond Markets in Latin America: On the Verge of a Big Bang?, vol 1
   MIT Press Books, The MIT Press View citations (46)

Chapters

2022

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

2020

2. 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)
3. Developing economies after COVID-19: An introduction
   Chapter 1 in COVID-19 in Developing Economies, 2020, vol. 1, pp 8-23 View citations (3)
4. Introduction
   Chapter 1 in Publishing and Measuring Success in Economics, 2020, vol. 1, pp 1-7
5. 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 in Revista Estudios Económicos (2015)
6. Suggestions for further reading
   Chapter 1 in Publishing and Measuring Success in Economics, 2020, vol. 1, pp 159-165 View citations (2)

2013

7. 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 (2013)

2010

8. An Evaluation of the Contractionary Devaluation Hypothesis
   Palgrave Macmillan View citations (6)
   See also Working Paper (2011)

2007

9. 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 (94)
   See also Working Paper (2003)

2006

10. Bank Concentration and Credit Volatility
    Chapter 12 in Cross-Border Banking Regulatory Challenges, 2006, pp 183-197
    See also Working Paper (2005)
11. ‘Original Sin’ and Monetary Cooperation
    Palgrave Macmillan

2005

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