Published Papers

Working Papers


Book Chapters

  • "Crises, capital controls and financial integration", (with Sergio L. Schmukler and Neeltje van Horen), in Managing Capital Flows: The Search for a Framework, edited by Masahiro Kawai and Mario B. Lamberte, ADBI publications, 2010
  • "Risk Appetite and Emerging Market Spreads" (with Martín Gonzalez Rozada) in Financial Contagion: The Viral Threat to the Wealth of Nations, Robert Kolb, editor, John Wiley Financials, 2011.
  • “Fear of appreciation: exchange rate policy as a development strategy”, (with Federico Sturzenegger), forthcoming in Monetary Policy Frameworks for Emerging Markets (G. Hammoind, R. Kapur and E. Prassad, eds.), Edward Elgar.
  • “Monetary and Exchange Rate Policy”, (joint with Federico Sturzenegger), prepared for the Handbook of Development Economics Vol. 5: The Economics of Development Policy, (D. Rodrik and M. Rosenzweig, eds.), forthcoming, Elsevier.
  • “Liquidity Insurance in Financially Dollarized Economies”, NBER Working Paper No 12345, forthcoming in Financial Markets Volatility and Performance in Emerging Economies (S. Edwards and M. Garcia, eds.), University of Chicago Press.
  • “Managing Systemic Liquidity Risk in Financially Dollarized Economies”, (with Alain Ize and Miguel Kiguel), in Financial Dollarization: The Policy Agenda, (A. Armas, A. Ize, and E. Levy Yeyati, eds.), Palmgrave Macmillan, London, 2006.
  • “Financial De-Dollarization: Is It for Real?”, (with Alain Ize), in Financial Dollarization: The Policy Agenda, (A. Armas, A. Ize, and E. Levy Yeyati, eds.), Palmgrave Macmillan, London, 2006.
  • “Financial Dollarization”, Special Issue of the Journal of Policy Reform, Volume 8, Issue 4. Includes: “Introduction” (with Eduardo Fernández Arias), pp. 239-240.
  • “Exchange Rate Regimes in the 2000s: A Latin American Perspective”, 2005, A New Economic Development Agenda for Latin America, Fundación Cidob.
  • The Case for an IMF Insurance Facility”, (with Tito Cordella), in Reforming the IMF for the 21st Century (E. Truman, ed.), Institute of International Economics Special Report 19.
  • “Comments on Financial Dollarization and Dedollarization, by Eduardo Fernández Arias,” Economía.
  • “De jure Dollarization and Euroization,” in European Economic Integration and South-East Europe: Challenges and Prospects, (K. Liebscher, J. Christ, P. Mooslechner and D. Ritzberger-Grunwald, eds.), Edward Elgar.
  • “Recurrent Debt Problems and International Safety Nets,”in Miguel A. Centeno, Harold James, and John Londregan, eds., The Political Economy of Recurrent Debt, Princeton Institute for International and Regional Studies Monograph Series, no. 3 (Princeton: PIIRS, Princeton University, 2005).
  • “Should the Government be in the Banking Business?”(with Alejandro Micco and Ugo Panizza), in Unlocking Credit, Inter-American Development Bank, 2004.
  • “Market Discipline in Emerging Economies: Beyond Bank Fundamentals,” (with María Soledad Martínez Pería and Sergio Schmukler), in Market Discipline across Countries and Industries, W. Hunter, G. Kaufman, C. Borio and K. Tsatsaronis, eds., MIT Press, 2004.
  • “Comments on Why are capital flows so much more volatile in developing than in developed countries? The (non) role of fundamentals, by Fernando A. Broner and Roberto Rigobón,” forthcoming, Vulnerabilidad Externa y Políticas de Prevención, Banco Central de Chile.
  • “The FTAA and the Location of FDI”, (with Christian Daude and Ernesto Stein), in Integrating the Americas: FTAA and Beyond, A. Estevadeordal, D. Rodrik, A. Taylor and A. Velasco, eds., Harvard University Press, 2004.
  • “Living and Dying with Hard Pegs: The Rise and Fall of Argentina’s Currency Board,” (reprinted from Economia) in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability, Volbert A., J. Mélitz, and G. von Furstenberg, eds., Oxford University Press, 2004.
  • “Dollarization and the Lender of Last Resort,” (with Christian Broda), in Dollarization, Levy Yeyati, E. and F. Sturzenegger, eds., MIT Press.
  • “Dollarization: A Primer,” (with Federico Sturzenegger), in Dollarization, Levy Yeyati, E. and F. Sturzenegger, eds., MIT Press.
  • “Regional Integration and Foreign Direct Investment,” (with Ernesto Stein and Christian Daude), in Beyond Borders: The New Regionalism in Latin America, Inter-American Development Bank, 2002.
  • “Dolarización Financiera y Crisis Bancaria”, 2002, Revista de Economía del Banco Central del Uruguay, Vol. 9 (2).
  • “Diez Años de Covertibilidad: Evaluación y Perspectivas”, in Crecimiento y Equidad en la Argentina, FIEL, October 2001.
  • “Las Perspectivas de la Coordinación Macroeconómica,” 2000, (with Jorge Carrera and Federico Sturzenegger), in Coordinación de Políticas Macroeconómicas en el Mercosur, J. Carrera and F. Sturzenegger, eds., Fondo de Cultura Económica.
  • Three Essays on Macroeconomic Finance, 1996, Doctoral Thesis, University of Pennsylvania.