Gaston Gelos

International Monetary Fund

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

32

DOWNLOADS
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Top 7,134

in Total Papers Downloads

9,311

SSRN CITATIONS
Rank 2,675

SSRN RANKINGS

Top 2,675

in Total Papers Citations

166

CROSSREF CITATIONS

326

Scholarly Papers (32)

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 3,999 (3,831)
Citation 18

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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 1,145 (27,328)
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 64 (496,806)

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Emerging markets, Stock markets, Investment, Financial crisis

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

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

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3.
Downloads 745 ( 50,534)
Citation 15

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 University - Columbia Business School, Finance
Downloads 501 (82,789)
Citation 4

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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 University - Columbia Business School, Finance
Downloads 180 (243,563)

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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 Last Revised: 26 Oct 2022
Gaston Gelos and Shang-Jin Wei
International Monetary Fund and Columbia University - Columbia Business School, Finance
Downloads 64 (496,806)
Citation 2

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4.
Downloads 518 ( 80,242)
Citation 9

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 511 (80,786)

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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 7 (896,625)
Citation 1

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5.

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 361 (122,269)
Citation 2

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

6.

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 329 (135,766)

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Inflation, inflation expectations, inflation targeting, Brazil

7.
Downloads 312 (143,024)
Citation 10

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 312 (142,217)
Citation 10

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Financial Market Spillovers in Transition Economies

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

8.

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 220 (202,452)

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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 211 (210,113)
Citation 6

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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

Posted: 14 Mar 2002
Gaston Gelos and Alejandro M. Werner
International Monetary Fund and International Monetary Fund (IMF)

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10.

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 166 (260,960)
Citation 19

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

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 National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics
Downloads 76 (452,350)

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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 44 (590,078)
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 Last Revised: 25 Nov 2022
CREI, International Monetary Fund and National Bureau of Economic Research (NBER)World BankCentre for Economic Policy Research (CEPR)International Monetary Fund (IMF)University of Maryland - School of Public AffairsHarvard University, Harvard Kennedy School (HKS), Belfer Center for Science and International Affairs (BCSIA)Harvard University - Center for Business and GovernmentPeterson Institute for International Economics
Downloads 35 (643,464)
Citation 36

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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, Deceased
Downloads 112 (353,010)

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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, Deceased
Downloads 40 (612,926)

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

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 121 (333,951)

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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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Monetary Policy Transmission in Emerging Markets and Developing Economies

IMF Working Paper No. 20/35
Number of pages: 55 Posted: 18 Mar 2020
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 105 (369,233)

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Financial and Monetary Sector, Central bank independence, Nominal effective exchange rate, Monetary policy instruments, Exchange rate policy, Monetary Policy, Emerging markets, Exchange rate channel, Inflation targeting, Financial structure, WP, financial development, monetary policy framework, policy framework, Taylor rule, projection method

Monetary Policy Transmission in Emerging Markets and Developing Economies

CEPR Discussion Paper No. DP15931
Number of pages: 56 Posted: 31 Mar 2021
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
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15.

Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework

IMF Working Paper No. 20/123
Number of pages: 60 Posted: 12 Aug 2020
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 96 (388,787)

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Monetary policy, Economic policy, Central banks, Macroprudential policies and financial stability, Nominal effective exchange rate, Macroprudential Policy, FX Interventions, Capital Flow Management, Cost-Benefit Analysis, WP, loss function, quantile, financial condition, MPM, quantiles

16.
Downloads 88 (410,532)
Citation 2

Capital Flows at Risk: Taming the Ebbs and Flows

IMF Working Paper No. 19/279
Number of pages: 45 Posted: 23 Jan 2020
International Monetary Fund, IMF, International Monetary Fund, International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 88 (414,264)
Citation 2

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Economic conditions, Exchange markets, Financial crises, Foreign exchange operations, Capital inflows, Capital flows, macroprudential policies, foreign-exchange intervention, capital controls, emerging markets, WP, policy action, capital flow, structural characteristic, inflow, medium term

Capital Flows at Risk: Taming the Ebbs and Flows

CEPR Discussion Paper No. DP15842
Number of pages: 49 Posted: 01 Mar 2021
International Monetary Fund, IMF, International Monetary Fund, International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
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17.

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
University of Toronto - Rotman School of Management, 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 84 (422,297)
Citation 3

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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

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: 18 Nov 2021
International Monetary Fund (IMF), Johns Hopkins University - Department of Economics, International Monetary Fund, International Monetary Fund and International Monetary Fund (IMF)
Downloads 78 (440,817)

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

19.

Exchange-Rate Swings and Foreign Currency Intervention

IMF Working Paper No. 2022/158
Number of pages: 41 Posted: 10 Aug 2022
Andrew Filardo, Gaston Gelos and Thomas McGregor
Stanford University, International Monetary Fund and International Monetary Fund (IMF)
Downloads 77 (444,025)

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Foreign exchange intervention, real exchange rates, equilibrium exchange rate, classical cycles, central banking, band spectrum regression.

20.

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 75 (450,598)
Citation 1

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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

21.

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 65 (486,019)
Citation 6

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

22.

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 52 (539,797)

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

23.

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 37 (616,462)

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

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 31 (653,361)

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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.

Transparency and International Portfolio Holdings

Number of pages: 52 Posted: 11 Aug 2004
Gaston Gelos and Shang-Jin Wei
International Monetary Fund and Columbia University - Columbia Business School, Finance
Downloads 25 (696,395)
Citation 13
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Opacity, international portfolio investment

26.

Negative Interest Rate Policies: A Survey

CEPR Discussion Paper No. DP16016
Number of pages: 35 Posted: 14 May 2021
International Monetary Fund - Monetary and Capital Markets Department, Bank of ItalyInternational Monetary Fund (IMF) - International Capital Markets Department, International Monetary Fund, International Monetary Fund and International Monetary Fund
Downloads 0 (951,284)
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27.

Leaning Against the Wind: An Empirical Cost-Benefit Analysis

CEPR Discussion Paper No. DP15693
Number of pages: 55 Posted: 11 Feb 2021
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 0 (951,284)
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28.

Consolidation and Market Structure in Emerging Market Banking Systems

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

29.

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

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

30.

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

Posted: 16 Nov 2002
Gaston Gelos
International Monetary Fund

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moral hazard, financial crises, hedging, exposure

31.

Fixed Capital Adjustment: Is Latin America Different?

Posted: 30 May 2002
Gaston Gelos and Alberto Isgut
International Monetary Fund and University of Toronto

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32.

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

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