"Liquidity Protection versus Moral Hazard: The Role of the IMF" with Leandro Arozamena2003,  Journal of International Money and Finance, Vol 22, 7, 1041,1063

“The Argentine Crisis: Bad Luck, Bad Management, Bad Politics, Bad Advice”, Brookings Trade Forum 2002, The Brookings Institution.

"Volatility and Financial Intermediation" joint with Joshua Aizenmann, Journal of International Money and Finance, 2003, Vol 22, 5, 657-679.

"On the use of portfolio risk models and capital requirements in emerging markets : the case of Argentina", joint with Veronica Balzarotti and Michael Falkenheim, World Bank Economic Review, 2002, Vol 16, 2 197-212

 "Positioning the World Bank", with Christpher Gilbert and David Vines, Economic Journal. November 1999, vol 109, no 459, pp598-633.

 "The Political Economy of Public Savings and the Role of Capital Mobility", with J. Aizenman, Journal of Development Economics, 1998, Vol 57. 67-95.

 "The World Bank and Conditionality" with C.Gilbert, R. Hopkins and A Roy, Journal of International Development, 1997, vol 9, no. 4.

 "Commodity and Developing Country Terms of Trade, What Does the Long Run Show ?"  Economic Journal, November 1991.

 "Trading forward in an imperfect market: the case of electricity in Britain", Economic Journal 1993, 103, 444-453.

 "Securitization and Commodity Contingency in International Lending" with C.L. Gilbert and R.W. Anderson in American Journal of Agricultural Economics, May 1989.

 "Pool prices, contracts and regulation in the British Electricity Supply Industry", Fiscal Studies, 1992, 13(1) 89-105. With Dieter Helm.

 "The Management of Risk in Developing Country Finance" The Oxford Review of Economic  Policy, Autumn 1989.

"A new test for the success of inflation targetin" with Verónica Cohen Sabbán and Martín Gonzalez Rozada

“Banking on Foreigners: The Behavior of International Bank Lending to Latin America, 1985-2000”joint with Maria Soledad Martinez Peria, Andrew Powell, and Ivanna Vladkova Hollar. March 2002, mimeo Universidad Torcuato Di Tella.

“A Capital Accord for Emerging Economies?” Written while Visiting Scholar at the World Bank.World Bank working paper.

"Dollarization : issues of implementation" (with Ricardo Hausmann). Mimeo. InterAmerican Development Bank. (written originally for IDB Conference on dollarization, Panama City, August 1999).

"Fundamentals, Contagion or Macroeconomic Shock: An Empirical Analysis of the 1995 Argentine Banking Problems"  with Laura D'Amato and Elena Grubisic, Working Paper No 2, Central Bank of Argentina. July 1997.

"Capital Requirements for Latin American Banks in Relation to their Market Risks: The Relevance of the Basle 1996 Amendment to Latin America", with Verónica Balzarotti, May 1997, Working Paper Series 347, Inter American Development Bank.

"On Restructuring, Regulation and Competition in Utility Industries : Experience in the United Kingdom and Implications for Latin America" December 1996, Working Paper Series 329, Inter American Development Bank.

"The World Bank : Its Functions and its Future" (written for project on Global Economic Institutions with C. Gilbert, R. Hopkins and A Roy),  July 1996, CEPR Working Paper No 15.

"Lending Interest Rates in the Argentina : A Panel Interpretation of a Search Model with Bargaining" (with A. Broda, T. Burdisso).  mimeo. BCRA.  Written as part of the project with Universidad di Tella in the IDB Red de Centros Research Program).

"BASIC Banking Oversight" mimeo. Central Bank of Argentina

"On Central Banks and their Lender of Last Resort Function : Constructive Ambiguity and Cheap Talk". mimeo. Central Bank of Argentina.

"Domestic and International Lender of Last Resort" (with Michael Gavin). Mimeo. Central abnk of Argentina.

"Should the International Lender of Last Resort be Privatized" (with Michael Gavin) Mimeo Central ank of Argentina.

“Countries with international payments’ difficulties: what can the IMF do?”, in, “The IMF and the International Financial Architecture”. Cambridge University Press, eds. C.L. Gilbert and D. Vines.

"Maroeconomic and Monetary Coordination: do all roads lead to Rome?", with joint Federico Sturzenegger  in Estevadeordal, Antoni, Dani Rodrik, Alan Taylor and Andres Velasco (eds.) "Integrating the Americas: FTAA and Beyond", Harvard University Press.

“Dollarization: Argentina and Latin America” joint with Pablo Guidotti, in "International Financial Architecture", ed. L. Auerheimer, Chicago Unioversity Press.

"The use of credit bureau information in the estimation of capital and provisioning requirements" 2003 with Michael Falkenheim, in "Credit Reporting Systems and the International Economy", edited by Margaret J. Miller, Chicago Press.

 “Can Emerging Country Bank Regulators Establish Credible Discipline? The case of Argentina, 1992-1999”, Joint with Charles Calomiris, in “Prudential Sueprvision” ed. R. Mishkin, NBER & Chicago Press, 2001 and NBER working paper 7715, 2000.

“Safety First Monetary and Financial Policies for Emerging Economies” in “Financial risks, system stability and economic globalization” ed. O. Johnson, IMF publication, ashington DC, 2002.

 “Dollarization: The link between devaluation risk and default risk” (joint with Féderico  Sturzenegger), mimeo, Universidad Torcuato Di Tella, 2000 in “Dollarization”  Levy Yayeti, E. and F. Sturzenegger (eds). MIT Press, - Nov 2002.

 “The Importance of an Effective Legal System for Credit Markets: The Case of Argentina” (joint with Marcela Cristini and Ramiro Moya) in “Defusing Default”, Pagano, M (ed). (2001),  John Hopkins Press, Washington DC.

 “The World Bank, Conditionality and the Comprehensive Development Framework” joint with Raul Hopkins, Amlan Roy and Christpher Gilbert , in “The World Bank: Structure and Policies”, Cambridge University Press, 2000, London.

 "The Use of Commodity Contracts for the Management of Developing Country Commodity Risks" with C.L. Gilbert in Currie, D. and D. Vines (eds) Macroeconomic Interactions between North and South, Cambridge University Press, (1988).

 "Options to Alleviate the Costs of Uncertainty and Instability : A Case Study of Zambia" in L. Phlips (ed), 'Commodity Futures and Financial Markets', Kluwer Academic Publishers (1991)

 "Markets, Stabilization and Structural Adjustment in Eastern European Agriculture" with R. Anderson in Goldin, I. and A. Winters, 'Liberalization and Structural Adjustment in  International Agriculture' published for the OECD/CEPR by Cambridge University Press (1992).

 "The Hungarian Agricultural Commodity Exchange and Liberalization in Hungarian Agriculture"  with R. Anderson in Claessens, S. and R. Duncan (eds) 'Managing Commodity Price Risk in  Developing Countries', published for the World Bank by Johns Hopkins University Press, Washington DC (1993).

"Commodity, Currency and Interest Rate Risk in Colombia: A Preliminary Study" in Claessens, S. and R. Duncan (eds) 'Managing Commodity Price Risk in Developing Countries', published for the World Bank by Johns Hopkins University Press, Washington DC (1993).

 "Facing oil income uncertainty in Venezuela, an optimal spending rule with liquidity constraints and adjustment costs" with Ricardo Hausmann and Roberto Rigobon in Engel, E. and P. Meller (eds), 'External Shocks and Stabilization Programs' published for The Inter-American Development Bank by Johns Hopkins Press, Washington DC (1993).

 "Competition versus Regulation in British electricity generation" (with P. Gray, P and  D. Helm) in "The UK Energy Experience, A Model or a Warning" eds. C. Mackerron and P. Pearson, Imperial College Press, December 1995, London.