Details about Oscar Mauricio Valencia

Access statistics for papers by Oscar Mauricio Valencia.

Last updated 2025-02-04. Update your information in the RePEc Author Service.

Short-id: pva235

Working Papers

2025

1. Fiscal Adjustments and the Asymmetric Effect of Oil Shocks
   IDB Publications (Working Papers), Inter-American Development Bank

2024

2. Asymmetric Sovereign Risk: Implications for Climate Change Preparation
   IREA Working Papers, University of Barcelona, Research Institute of Applied Economics
   Also in IDB Publications (Working Papers), Inter-American Development Bank (2024)
   See also Journal Article Asymmetric sovereign risk: Implications for climate change preparation, World Development, Elsevier (2025) (2025)
3. Sovereign Risk and Economic Complexity
   IDB Publications (Working Papers), Inter-American Development Bank
4. Surges in the Shadows: Stock-Flow Adjustments and Public Debt Spikes
   IDB Publications (Working Papers), Inter-American Development Bank

2023

5. Debt Erosion: Asymmetric Response to Demand and Supply Shocks
   IDB Publications (Working Papers), Inter-American Development Bank
   See also Journal Article Debt erosion: Asymmetric response to demand and supply shocks, International Review of Economics & Finance, Elsevier (2024) (2024)
6. Fiscal Rules and Optimal Currency Composition of Sovereign Debt in Emerging Economies
   IDB Publications (Working Papers), Inter-American Development Bank
7. Sovereign Risk and Economic Complexity: Machine Learning Insights on Causality and Prediction
   IREA Working Papers, University of Barcelona, Research Institute of Applied Economics View citations (1)
8. Why Don't We Follow the Rules? Drivers of Compliance with Fiscal Policy Rules in Emerging Markets
   IDB Publications (Working Papers), Inter-American Development Bank
   See also Journal Article Why don't we follow the rules? Drivers of compliance with fiscal policy rules in emerging markets, Journal of International Money and Finance, Elsevier (2024) (2024)

2022

9. Assessing Macro-Fiscal Risk for Latin American and Caribbean Countries
   IDB Publications (Working Papers), Inter-American Development Bank
10. Debt Affordability in Developed and Emerging Market Economies: The Role of Fiscal Rules
    IDB Publications (Working Papers), Inter-American Development Bank
    See also Journal Article Debt affordability in developed and emerging market economies: the role of fiscal rules, Journal of Economics and Finance, Springer (2024) (2024)
11. Do governments stick to their announced fiscal rules? A study of Latin American and the Caribbean countries
    SciencePo Working papers Main, HAL View citations (6)
    Also in Post-Print, HAL (2022) View citations (6)
12. Does economic complexity reduce the probability of a fiscal crisis?
    IREA Working Papers, University of Barcelona, Research Institute of Applied Economics View citations (2)
    See also Journal Article Does economic complexity reduce the probability of a fiscal crisis?, World Development, Elsevier (2023) View citations (11) (2023)
13. Fiscal Rules and Economic Cycles: Quality (Always) Matters
    IDB Publications (Working Papers), Inter-American Development Bank
14. Numerical Compliance with Fiscal Rules in Latin America and the Caribbean
    IDB Publications (Working Papers), Inter-American Development Bank
15. Risk Spillovers between Global Corporations and Latin American Sovereigns: Global Factors Matter
    IDB Publications (Working Papers), Inter-American Development Bank
    Also in IREA Working Papers, University of Barcelona, Research Institute of Applied Economics (2021)
    See also Journal Article Risk spillovers between global corporations and Latin American sovereigns: global factors matter, Applied Economics, Taylor & Francis Journals (2023) View citations (3) (2023)

2021

16. A Fiscal Rule to Achieve Debt Sustainability in Colombia
    IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
    Also in Informes de Investigación, Fedesarrollo (2021) View citations (2)
    See also Journal Article A fiscal rule to achieve debt sustainability in Colombia, Coyuntura Económica, Fedesarrollo (2021) View citations (2) (2021)
17. Sudden Stops, Sovereign Risk, and Fiscal Rules
    IDB Publications (Working Papers), Inter-American Development Bank

2020

18. Do Immigrants Bring Fiscal Dividends?: The Case of Venezuelan Immigration in Colombia
    IDB Publications (Working Papers), Inter-American Development Bank View citations (1)
19. Sectoral Fiscal Multipliers and Budget Inflexibility: The Role of Allocative Inefficiency
    Working papers, Red Investigadores de Economía

2019

20. Bank Market Power and Firm Finance: Evidence from Bank and Loan Level Data
    Working papers, Red Investigadores de Economía View citations (1)
    Also in Documentos de Trabajo de Valor Público, Universidad EAFIT (2019) View citations (1)
    See also Journal Article Bank market power and firm finance: evidence from bank and loan-level data, Economic Change and Restructuring, Springer (2023) (2023)

2017

21. Current Account Sustainability in Latin America Considering Nonlinearities
    Borradores de Economia, Banco de la Republica de Colombia
22. Young Innovative Firms, Investment-Cash Flow Sensitivities and Technological Misallocation
    Borradores de Economia, Banco de la Republica de Colombia
    Also in Documentos de Trabajo, Universidad del Rosario (2017)

2016

23. Efectos del Quantitative Easing sobre los retornos accionarios en mercados emergentes
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (2016)
24. The Role of Capital Requirements and Credit Composition in the Transmission of Macroeconomic and Financial Shocks
    Borradores de Economia, Banco de la Republica de Colombia View citations (1)
    See also Journal Article The role of capital requirements and credit composition in the transmission of macroeconomic and financial shocks, Revista ESPE - Ensayos Sobre Política Económica, Banco de la República (2017) View citations (3) (2017)
25. Uncovering the Portfolio Balance Channel with the use of Sovereign Credit Ratings
    Borradores de Economia, Banco de la Republica de Colombia
    See also Journal Article Uncovering the portfolio balance channel with the use of sovereign credit ratings, Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia (2016) (2016)

2015

26. Macro-Prudential Policy under Moral Hazard and Financial Fragility
    Borradores de Economia, Banco de la Republica de Colombia View citations (3)
    Also in Borradores de Economia, Banco de la Republica (2015) View citations (3)
27. Macro-prudential Policies, Moral Hazard and Financial Fragility
    IHEID Working Papers, Economics Section, The Graduate Institute of International Studies

2014

28. Endogenous Growth and Research Activity under Private Information
    Borradores de Economia, Banco de la Republica
29. Innovation and Growth under Private Information
    Borradores de Economia, Banco de la Republica de Colombia
30. R&D Investment and Financial Frictions
    Borradores de Economia, Banco de la Republica
    Also in Borradores de Economia, Banco de la Republica de Colombia (2014)

2013

31. Integrated Template for Debt Sustainability Analysis: Version 2.0, Instruction Manual, Revised Version
    Research Department Publications, Inter-American Development Bank, Research Department

2010

32. Economic Growth and Optimal Income Tax Evasion
    EcoMod2004, EcoMod

2007

33. Monetary Policy with Liquidity Frictions
    Archivos de Economía, Departamento Nacional de Planeación
    Also in Documentos CEDE, Universidad de los Andes, Facultad de Economía, CEDE (2006)
34. Tributación óptima en un sistema PAYGO
    Archivos de Economía, Departamento Nacional de Planeación

2006

35. Fiscal Policy and Microstructure of Treasury Bonds
    Computing in Economics and Finance 2006, Society for Computational Economics
36. Imperfect Government Insurance and Treasury Securities Markets
    Archivos de Economía, Departamento Nacional de Planeación
37. The Determinants of Colombian Firm´s Debt-Asset Ratio (1997-2003)
    Archivos de Economía, Departamento Nacional de Planeación

2004

38. Economic Growth and the Household Optimal Income Tax Evasion
    Archivos de Economía, Departamento Nacional de Planeación

2002

39. Impacto macroeconómico y distributivo del impuesto de seguridad democrática
    Archivos de Economía, Departamento Nacional de Planeación

Journal Articles

2025

1. Asymmetric sovereign risk: Implications for climate change preparation
   World Development, 2025, 188, (C)
   See also Working Paper Asymmetric Sovereign Risk: Implications for Climate Change Preparation, IREA Working Papers (2024) (2024)
2. Sovereign debt cost and economic complexity
   Journal of International Financial Markets, Institutions and Money, 2025, 99, (C)

2024

3. Debt affordability in developed and emerging market economies: the role of fiscal rules
   Journal of Economics and Finance, 2024, 48, (2), 377-393
   See also Working Paper Debt Affordability in Developed and Emerging Market Economies: The Role of Fiscal Rules, IDB Publications (Working Papers) (2022) (2022)
4. Debt erosion: Asymmetric response to demand and supply shocks
   International Review of Economics & Finance, 2024, 96, (PA)
   See also Working Paper Debt Erosion: Asymmetric Response to Demand and Supply Shocks, IDB Publications (Working Papers) (2023) (2023)
5. Why don't we follow the rules? Drivers of compliance with fiscal policy rules in emerging markets
   Journal of International Money and Finance, 2024, 142, (C)
   See also Working Paper Why Don't We Follow the Rules? Drivers of Compliance with Fiscal Policy Rules in Emerging Markets, IDB Publications (Working Papers) (2023) (2023)

2023

6. Bank market power and firm finance: evidence from bank and loan-level data
   Economic Change and Restructuring, 2023, 56, (6), 4629-4660
   See also Working Paper Bank Market Power and Firm Finance: Evidence from Bank and Loan Level Data, Working papers (2019) View citations (1) (2019)
7. Does economic complexity reduce the probability of a fiscal crisis?
   World Development, 2023, 168, (C) View citations (11)
   See also Working Paper Does economic complexity reduce the probability of a fiscal crisis?, IREA Working Papers (2022) View citations (2) (2022)
8. Risk spillovers between global corporations and Latin American sovereigns: global factors matter
   Applied Economics, 2023, 55, (13), 1477-1496 View citations (3)
   See also Working Paper Risk Spillovers between Global Corporations and Latin American Sovereigns: Global Factors Matter, IDB Publications (Working Papers) (2022) (2022)

2022

9. How fiscal rules can reduce sovereign debt default risk
   Emerging Markets Review, 2022, 50, (C) View citations (13)

2021

10. A fiscal rule to achieve debt sustainability in Colombia
    Coyuntura Económica, 2021, 51, 13-35 View citations (2)
    See also Working Paper A Fiscal Rule to Achieve Debt Sustainability in Colombia, IDB Publications (Working Papers) (2021) View citations (1) (2021)

2018

11. Asymmetric behaviour of current account sustainability in Latin America
    International Finance, 2018, 21, (1), 2-22

2017

12. The role of capital requirements and credit composition in the transmission of macroeconomic and financial shocks
    Revista ESPE - Ensayos Sobre Política Económica, 2017, 35, (84), 203-221 View citations (3)
    Also in Revista ESPE - Ensayos sobre Política Económica, 2017, 35, (84), 203-221 (2017) View citations (3)
    See also Working Paper The Role of Capital Requirements and Credit Composition in the Transmission of Macroeconomic and Financial Shocks, Borradores de Economia (2016) View citations (1) (2016)

2016

13. Uncovering the portfolio balance channel with the use of sovereign credit ratings
    Revista ESPE - Ensayos sobre Política Económica, 2016, 34, (81), 191-205
    Also in Revista ESPE - Ensayos Sobre Política Económica, 2016, 34, (81), 191-205 (2016)
    See also Working Paper Uncovering the Portfolio Balance Channel with the use of Sovereign Credit Ratings, Borradores de Economia (2016) (2016)

Books

2023

1. Dealing with Debt: Less Risk for More Growth in Latin America and the Caribbean
   IDB Publications (Books), Inter-American Development Bank View citations (4)

Chapters

2023

1. Debt Sustainability: More Important than Ever
   Chapter 5 in Dealing with Debt, 2023, pp 95-122
2. Past the Tipping Point? Assessing Debt Overhang in Latin America and the Caribbean
   Chapter 8 in Dealing with Debt, 2023, pp 183-196
3. The Bottom Line on Debt
   Chapter 13 in Dealing with Debt, 2023, pp 309-318
4. The Debt Conundrum
   Chapter 1 in Dealing with Debt, 2023, pp 1-4
5. Understanding the Rise in Debt
   Chapter 4 in Dealing with Debt, 2023, pp 67-94