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Publications

The Financial Center Leverage Cycle: Does It Spread around the World? (with Leandro Medina and Shiyi Wang)

AEA Papers and Proceedings, 110, May 2020, doi.org/10.1257/pandp.20201009.

Oxford Research Encyclopedia of Economics and Finance, Jonathan Hamilton, Avinash Dixit, Sebastian Edwards and Kenneth Judd (eds), Oxford University Press, July 2019, doi: 10.1093/acrefore/9780190625979.013.410.

Globalization in the Periphery and Monetary Policy: What is Gained, What is Lost

in Central Banking in Times of Change, published by the Bank of International Settlements and the Central Bank of Austria, Vienna, Austria, December 2016, 70-81.

Systemic and Idiosyncratic Sovereign Debt Crises (with Pablo Vega-García)

Journal of the European Economic Association, Volume 14, Issue 1, February 2016, 80-114.

Terms of Trade Shocks and Fiscal Cycles

in Renée Fry, Callum Jones, and Christopher Kent (eds.) Inflation in an Era of Relative Price Shocks, Reserve Bank of Australia and Centre for Applied Macroeconomic Analysis at the Australian National University, 2010, 231-250.

Thirty Years of Currency Crises in Argentina: External Shocks or Domestic Fragility? (with Amine Mati and Nada Choueiri)

Economia, Volume 10, Number 1, Fall 2009, 81-124.

Latin America’s Access to International Capital Markets: Good Behavior or Global Liquidity? (with Ana Fostel)

in Kevin Cowan, Sebastian Edwards, Rodrigo Valdés, Norman Loayza, and Klaus Schmidt-Hebbel (eds) Current Account and External Financing, Chapter 4, 117-158, Central Bank of Chile, 2008.

Financial Globalization and Exchange Rate Arrangements

in Klaus Liebscher, Josef Christl, Peter Mooslechner, and Doris Ritzberger-Grünwald (eds.) Currency and Competitiveness in Europe, Edward Elgar Publishing Ltd, 2008, 46-55.

Crises and Sudden Stops: Evidence from International Bond and Syndicated-Loan Markets

Monetary and Economic Studies, Volume 26, December 2008, 107-129.

Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles? (with Sergio Schmukler)

Review of Finance, Volume 12, December 2008, (lead article) 253-292.

The Center and the Periphery: The Globalization of Financial Turmoil (with Carmen Reinhart)

in Carmen M. Reinhart, Carlos A. Végh and Andres Velasco (eds.), Money, Crises, and Transition: Essays in Honor of Guillermo Calvo, The MIT Press, 2008, 171-216.

International Capital Flows to Emerging Countries: Short- and Long-Run Effects

in Amitava Krishna Dutt and Jaime Ros (eds) International Handbook of Development Economics, Edward Elgar Publishing Ltd, 2008, Volume Two, 71-97.

Volatility in International Financial Market Issuance: The Role of the Financial Center (with Marco Cipriani)

Open Economics Review, Volume 18, Number 2, April 2007, 157-176.

Currency Crises

in Lawrence Blume and Steven Durlauf (eds), The New Palgrave Dictionary of Economics, Second Edition, Hampshire: Palgrave Macmillan Ltd., 2007.

Currency Crises: Are They All the Same?

Journal of International Money and Finance, Volume 25, 2006, 503-527.

International Capital Flows, Financial Stability, and Growth

in José Antonio Ocampo, Jomo K. S. and Sarbuland Khan (eds.), Policy Matters: Economic And Social Policies To Sustain Equitable Development, United Nations, New York, Zed Books, London, Opus, New Delhi, 2006, 123-167.

Volatile International Capital Flows: A Blessing or a Curse?

Revue d'Economie du Développement, Centre d’Etudes et de Recherches sur le Développement International (CERDI), Paris, France: Presses Univ. de France, No. 34, December 2004, 83-119.

When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies (with Carmen Reinhart and Carlos Végh)

NBER Macroeconomics Annual 2004, Mark Gertler and Kenneth S. Rogoff (eds.), (lead article), 11-53.

Managers, Investors, and Crises: Investment Strategies of Mutual Funds (with Richard Lyons and Sergio Schmukler)

Journal of International Economics, Volume 64, Issue 1, October 2004, 113-134.

Inflation Regimes and Stabilization Policies, Spain 1962-2001 (with Juan Ayuso and David Lopez-Salido)

Investigaciones Económicas, Banco de España, Volume 27, Issue 3, 2003, 615-631.

The Unholy Trinity of Financial Contagion (with Carmen Reinhart and Carlos Végh)

Journal of Economic Perspectives, Volume 17, Issue 4, Fall 2003, 51-74.

Financial Markets in Times of Stress (with Carmen Reinhart)

Journal of Development Economics, Volume 69, Issue 2, December 2002, 451-470.

Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns? (with Sergio Schmukler)

World Bank Economic Review, Volume 16, Issue 2, September 2002, 171-195.