Working Papers

  • "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.