Gaston Gelos

International Monetary Fund

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

28

DOWNLOADS
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Top 4,073

in Total Papers Downloads

9,614

CITATIONS
Rank 2,335

SSRN RANKINGS

Top 2,335

in Total Papers Citations

329

Scholarly Papers (28)

1.

The Global Financial Crisis: Explaining Cross-Country Differences in the Output Impact

IMF Working Paper No. 09/280
Number of pages: 20 Posted: 05 Jan 2010
International Monetary Fund (IMF), International Monetary Fund, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 3,940 (2,254)
Citation 3

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Credit expansion, Cross country analysis, Developing countries, Economic forecasting, Economic growth, Emerging markets, Financial crisis, Financial systems, Fiscal policy, Flexible exchange rates, Global Financial Crisis 2008-2009, Trade

A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

CESifo Working Paper Series No. 564, IMF Working Paper No. 00/198
Number of pages: 39 Posted: 05 Feb 2001
Eduardo Borensztein and Gaston Gelos
Inter-American Development Bank (IADB) and International Monetary Fund
Downloads 1,111 (17,999)
Citation 2

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Mutual Funds, Contagion, Emerging Markets, Foreign Portfolio Investment, Herding, Financial Crises

A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

IMF Working Paper No. 00/198
Number of pages: 36 Posted: 11 Aug 2009
Eduardo Borensztein and Gaston Gelos
Inter-American Development Bank (IADB) and International Monetary Fund
Downloads 60 (359,390)

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Emerging markets, Stock markets, Investment, Financial crisis

A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds

Forthcoming in IMF Staff Papers
Posted: 20 Sep 2002
Eduardo Borensztein and Gaston Gelos
Inter-American Development Bank (IADB) and International Monetary Fund

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3.
Downloads 704 ( 35,151)
Citation 14

Transparency and International Investor Behavior

EFA 2003 Annual Conference Paper No. 325
Number of pages: 37 Posted: 03 Aug 2003
Gaston Gelos and Shang-Jin Wei
International Monetary Fund and Columbia Business School - Finance and Economics
Downloads 487 (56,213)
Citation 3

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financial crises, transparency, portfolio investment, emerging markets, international investors, international financial architecture, contagion

Transparency and International Investor Behavior

IMF Working Paper No. 02/174
Number of pages: 39 Posted: 03 Feb 2006
Gaston Gelos and Shang-Jin Wei
International Monetary Fund and Columbia Business School - Finance and Economics
Downloads 168 (176,634)

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financial crises transparency portfolio investment emerging markets international investors international financial architecture contagion

Transparency and International Investor Behavior

NBER Working Paper No. w9260
Number of pages: 37 Posted: 11 Oct 2002
Gaston Gelos and Shang-Jin Wei
International Monetary Fund and Columbia Business School - Finance and Economics
Downloads 49 (396,019)
Citation 2

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4.

The Asset Allocation of Emerging Market Mutual Funds

IMF Working Paper No. 01/111
Number of pages: 27 Posted: 20 Sep 2001
Piti Disyatat and Gaston Gelos
International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 617 (41,964)

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Asset allocation, portfolio choice, contagion, emerging markets

Consolidation and Market Structure in Emerging Market Banking Systems

IMF Working Paper No. 02/186
Number of pages: 30 Posted: 07 Jan 2003
Gaston Gelos and Jorge E. Roldos
International Monetary Fund and International Monetary Fund (IMF)
Downloads 569 (46,079)
Citation 5

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banking, market structure, competition, emerging markets, Panzar and Rosse methodology, contestability

Consolidation and Market Structure in Emerging Market Banking Systems

Emerging Markets Review, Forthcoming
Posted: 02 Jan 2004
Gaston Gelos and Jorge E. Roldos
International Monetary Fund and International Monetary Fund (IMF)

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Banking, market structure, competition, emerging markets, Panzar and Rosse methodology, contestability

6.
Downloads 428 ( 66,615)
Citation 8

Banking Spreads in Latin America

IMF Working Paper No. 06/44
Number of pages: 31 Posted: 23 Mar 2006
Gaston Gelos
International Monetary Fund
Downloads 425 (66,543)

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Banking spreads, financial intermediation

Banking Spreads in Latin America

Economic Inquiry, Vol. 47, Issue 4, pp. 796-814, October 2009
Number of pages: 19 Posted: 26 Oct 2009
Gaston Gelos
International Monetary Fund
Downloads 3 (654,630)
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7.

International Mutual Funds, Capital Flow Volatility, and Contagion - A Survey

IMF Working Paper No. 11/92
Number of pages: 28 Posted: 02 May 2011
Gaston Gelos
International Monetary Fund
Downloads 314 (95,255)

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Asset management, Bond markets, Capital flows, Emerging markets, Financial instruments, Financial risk, International capital markets, Investment, Transparency

8.
Downloads 299 (100,419)
Citation 7

Financial Market Spillovers in Transition Economies

Number of pages: 59 Posted: 26 Jun 2000
Gaston Gelos and Ratna Sahay
International Monetary Fund and International Monetary Fund (IMF) - Developing Country Studies Division
Downloads 299 (99,911)
Citation 7

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Financial Market Spillovers in Transition Economies

Economics of Transition, Vol. 9, Issue 1, March 2001
Posted: 10 Apr 2001
Gaston Gelos and Ratna Sahay
International Monetary Fund and International Monetary Fund (IMF) - Developing Country Studies Division

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transition, currency crises, contagion, financial spillover

9.

What Drives Inflation Expectations in Brazil?: An Empirical Analysis

IMF Working Paper No. 05/109
Number of pages: 23 Posted: 03 Mar 2006
Martin D. Cerisola and Gaston Gelos
International Monetary Fund (IMF) and International Monetary Fund
Downloads 272 (111,209)

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Inflation, inflation expectations, inflation targeting, Brazil

10.

Brazil's Long-Term Growth Performance - Trying to Explain the Puzzle

IMF Working Paper No. 06/282
Number of pages: 23 Posted: 12 Jan 2007
Wellington Management Company, International Monetary Fund (IMF) and International Monetary Fund
Downloads 208 (145,339)

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Economic growth, Brazil, Economic stabilization, Economic reforms, Economic models

Financial Liberalization, Credit Constraints, and Collateral: Investment in the Mexican Manufacturing Sector

IMF Working Paper No. 99/25
Number of pages: 41 Posted: 03 May 1999
Gaston Gelos and Alejandro M. Werner
International Monetary Fund and International Monetary Fund (IMF)
Downloads 193 (155,807)
Citation 1

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investment, financial constraints, collateral, real estate, lending booms, panel data, fixed-effects tobit

Financial Liberalization, Credit Constraints, and Collateral: Investment in the Mexican Manufacturing Sector

Journal of Development Economics, Vol. 67, 2002
Posted: 14 Mar 2002
Gaston Gelos and Alejandro M. Werner
International Monetary Fund and International Monetary Fund (IMF)

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Obstacles to Disinflation: What is the Role of Fiscal Expectations?

IMF Working Paper No. 04/111
Number of pages: 35 Posted: 10 Aug 2004
Oya Celasun, Gaston Gelos and Alessandro Prati
International Monetary Fund (IMF) - Research Department, International Monetary Fund and International Monetary Fund (IMF) - Research Department
Downloads 97 (270,607)

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Disinflation, Credibility, Inflation inertia, Inflation dynamics, Expectations formation, Stabilization, Phillips Curve

Obstacles to Disinflation: What is the Role of Fiscal Expectations?

IMF Working Paper No. 04/111
Number of pages: 35 Posted: 15 Feb 2006
Oya Celasun, Gaston Gelos and Alessandro Prati
International Monetary Fund (IMF) - Research Department, International Monetary Fund and International Monetary Fund (IMF) - Research Department
Downloads 32 (466,559)

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Disinflation, stabilization, inflation dynamics, emerging markets, expectation formation

Obstacles to Disinflation: What is the Role of Fiscal Expectations?

Economic Policy, Vol. 19, No. 40, pp. 441-481, October 2004
Number of pages: 40 Posted: 08 Oct 2004
Oya Celasun, Gaston Gelos and Alessandro Prati
International Monetary Fund (IMF) - Research Department, International Monetary Fund and International Monetary Fund (IMF) - Research Department
Downloads 23 (517,320)
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When in Peril, Retrench: Testing the Portfolio Channel of Contagion

IMF Working Paper No. 04/131
Number of pages: 35 Posted: 17 Sep 2004
CREI, International Monetary Fund and Peter G. Peterson Institute for International Economics
Downloads 71 (328,357)

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Contagion, international investors, risk aversion, emerging markets, portfolio choice, financial crises

When in Peril, Retrench: Testing the Portfolio Channel of Contagion

IMF Working Paper No. 04/131
Number of pages: 35 Posted: 15 Feb 2006
Fernando Broner and Gaston Gelos
CREI and International Monetary Fund
Downloads 39 (434,921)
Citation 1

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Contagion, risk aversion, emerging markets, portfolio choice, financial crises

When in Peril, Retrench: Testing the Portfolio Channel of Contagion

NBER Working Paper No. w10941
Number of pages: 36 Posted: 19 Dec 2004
CREI, International Monetary Fund and Peter G. Peterson Institute for International Economics
Downloads 28 (487,510)
Citation 22

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14.

Sovereign Borrowing by Developing Countries: What Determines Market Access?

IMF Working Paper No. 04/221
Number of pages: 42 Posted: 09 Feb 2006
Gaston Gelos, Ratna Sahay and Guido Sandleris
International Monetary Fund, International Monetary Fund (IMF) - Developing Country Studies Division and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)
Downloads 119 (233,034)
Citation 3

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Sovereign debt, international capital markets, syndicated bank loans, bond markets, developing countries

Devaluation Expectations and the Stock Market: The Case of Mexico in 1994/95

IMF Working Paper No. 00/28
Number of pages: 43 Posted: 29 Jan 2006
affiliation not provided to SSRN, International Monetary Fund and Reserve Bank of Australia - Economic Research
Downloads 105 (256,333)

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Stock market, Mexican peso devaluations, event study, exchange rate exposure, credibility of exchange rate regimes, leading crisis indicators

Devaluation Expectations and the Stock Market: The Case of Mexico in 1994/95

IMF Working Paper No. 00/28
Posted: 27 Apr 2000
affiliation not provided to SSRN, International Monetary Fund and Reserve Bank of Australia - Economic Research

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16.

Would 'Cold Turkey' Work in Turkey?

IMF Working Paper No. 03/49
Number of pages: 20 Posted: 06 May 2003
Oya Celasun, Gaston Gelos and Alessandro Prati
International Monetary Fund (IMF) - Research Department, International Monetary Fund and International Monetary Fund (IMF) - Research Department
Downloads 88 (285,979)
Citation 2

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17.

Country Transparency and the Global Transmission of Financial Shocks

IMF Working Paper No. 13/156
Number of pages: 39 Posted: 31 Jul 2013
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund and Universidad de la Republica
Downloads 63 (345,952)

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External shocks, Financial systems, Emerging markets, Stock markets, Bond markets, Transparency, Economic models, transparency, emerging markets, transmission of global financial shocks, bond, stock returns, equity markets, bond spreads, bond returns, financial economics, currency crisis, bonds, financial markets, stock markets, equity market, bond spread, bond markets, bond yields, currency crises, financial systems, financial market, sovereign bond, stock market, financial globalization, stock prices, international capital, financial stability, financial contagion, emerging markets stock, stock options, stock price, international financial markets, crowding out, currency risk, emerging mar

18.

Can Countries Manage Their Financial Conditions Amid Globalization?

IMF Working Paper No. 18/15
Number of pages: 45 Posted: 20 Feb 2018 Last Revised: 21 Mar 2018
International Monetary Fund (IMF), Johns Hopkins University - Department of Economics, International Monetary Fund, International Monetary Fund and International Monetary Fund (IMF)
Downloads 48 (392,792)

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Monetary policy, Financial conditions, international policy transmission, Financial Markets and the Macroeconomy, General, General, General

19.

Inflation Responses to Commodity Price Shocks - How and Why Do Countries Differ?

IMF Working Paper No. 12/225
Number of pages: 33 Posted: 01 Nov 2012
Yulia Ustyugova and Gaston Gelos
International Monetary Fund (IMF) and International Monetary Fund
Downloads 46 (399,729)

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Commodity Prices, Pass-through, Phillips Curve, External Shocks, Governance, Inflation Targeting

20.

Changes in the Global Investor Base and the Stability of Portfolio Flows to Emerging Markets

IMF Working Paper No. 15/277
Number of pages: 37 Posted: 28 Mar 2016
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 40 (421,813)

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Capital flows, emerging markets, mutual funds, flows, portfolio, bond, equity, portfolio flows, All Countries,

21.

Fixed Capital Adjustment: Is Latin America Different? Evidence from the Colombian and Mexican Manufacturing Sectors

IMF Working Paper No. 99/59
Number of pages: 35 Posted: 17 Jun 1999
Gaston Gelos and Alberto Isgut
International Monetary Fund and University of Toronto
Downloads 32 (455,141)

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Investment, lumpiness, irreversibilities, nonconvexities, manufacturing, panel data

22.

Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database

IMF Working Paper No. 19/66
Number of pages: 58 Posted: 15 Apr 2019
International Monetary Fund (IMF), International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and University of Oxford - Said Business School
Downloads 29 (469,320)

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Mortgages, Exchange rate policy, Reserve requirements, Household credit, Credit booms, Macroprudential policy, loan-to-value ratios, propensity score, LTV, policy action, reverse causality, endogeneity, appendix IV

23.

Transparency and International Portfolio Holdings

CEPR Discussion Paper No. 4476
Number of pages: 52 Posted: 11 Aug 2004
Gaston Gelos and Shang-Jin Wei
International Monetary Fund and Columbia Business School - Finance and Economics
Downloads 25 (490,229)
Citation 5
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Opacity, international portfolio investment

24.

Has Higher Household Indebtedness Weakened Monetary Policy Transmission?

IMF Working Paper No. 19/11
Number of pages: 34 Posted: 13 Feb 2019
International Monetary Fund, International Monetary Fund, International Monetary Fund (IMF), Johns Hopkins University, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 14 (553,869)

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Monetary policy, Consumption, transmission, households, real estate, leverage, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments, and Effects), Consumer Economics: Empirical Analysis

25.

Leaders and Followers: Emerging Market Fund Behavior During Tranquil and Turbulent Times

Emerging Markets Review, Forthcoming
Posted: 10 Jan 2003
Eduardo Borensztein and Gaston Gelos
Inter-American Development Bank (IADB) and International Monetary Fund

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Emerging markets, crises, contagion, investor behavior

26.

Foreign Currency Debt in Emerging Markets: Firm-Level Evidence from Mexico

Economics Letters, Forthcoming
Posted: 16 Nov 2002
Gaston Gelos
International Monetary Fund

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moral hazard, financial crises, hedging, exposure

27.

Fixed Capital Adjustment: Is Latin America Different?

Review of Economics and Statistics, Vol. 83, No. 4, November 2001
Posted: 30 May 2002
Gaston Gelos and Alberto Isgut
International Monetary Fund and University of Toronto

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28.

Irreversibilities in Fixed Capital Adjustment - Evidence from Mexican and Colombian Plants

Economics Letters, Vol. 74, 2001
Posted: 02 Apr 2002
Gaston Gelos and Alberto Isgut
International Monetary Fund and University of Toronto

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Adjustment costs, investment, irreversibilities, plant-level evidence