Valentina Bruno

American University - Department of Finance and Real Estate

Professor of Finance

Kogod School of Business

4400 Massachusetts Ave., N.W.

Washington, DC 20016-8044

United States

http://www.american.edu/kogod/faculty/bruno.cfm

Centre for Economic Policy Research (CEPR)

London

United Kingdom

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • American University - Department of Finance and Real Estate

  • Centre for Economic Policy Research (CEPR)

  • European Corporate Governance Institute (ECGI)

SCHOLARLY PAPERS

24

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18,094

TOTAL CITATIONS
Rank 915

SSRN RANKINGS

Top 915

in Total Papers Citations

518

Scholarly Papers (24)

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1.

In Letter But Not in Spirit: An Analysis of Corporate Governance in the UK

Number of pages: 73 Posted: 13 Oct 2005
Sridhar Arcot and Valentina Bruno
ESSEC Business School - Finance Department and American University - Department of Finance and Real Estate
Downloads 5,274 (3,465)
Citation 30

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Corporate Governance, Comply or Explain, Combined Code

2.

Corporate Governance and Regulation: Can There be too Much of a Good Thing?

Downloads 3,141 ( 8,183)
Citation 14

Corporate Governance and Regulation: Can There be too Much of a Good Thing?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 142/2007, Journal of Financial Intermediation, Forthcoming, AFA 2008 New Orleans Meetings Paper
Number of pages: 50 Posted: 17 Jan 2007 Last Revised: 09 Nov 2018
Valentina Bruno and Stijn Claessens
American University - Department of Finance and Real Estate and Yale School of Management
Downloads 2,270 (13,466)
Citation 14

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Corporate governance, Country regulation, Company valuation, Cost of capital

Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?

World Bank Policy Research Working Paper No. 4140
Number of pages: 50 Posted: 20 Apr 2016
Valentina Bruno and Stijn Claessens
American University - Department of Finance and Real Estate and Yale School of Management
Downloads 863 (56,960)

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National Governance, Governance Indicators, Corporate Law, Microfinance, Small Scale Enterprise

Corporate Governance and Regulation: Can There Be Too Much of a Good Thing?

CEPR Discussion Paper No. DP6108
Number of pages: 57 Posted: 16 May 2008
Valentina Bruno and Stijn Claessens
American University - Department of Finance and Real Estate and Yale School of Management
Downloads 8 (1,247,716)
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Company valuation, corporate governance practices, regulatory regimes

3.

Corporate Governance in the UK: Is the Comply or Explain Approach Working?

International Review of Law and Economics, Forthcoming
Number of pages: 31 Posted: 07 Jan 2010 Last Revised: 26 Jan 2010
Sridhar Arcot, Valentina Bruno and Antoine Faure-Grimaud
ESSEC Business School - Finance Department, American University - Department of Finance and Real Estate and London School of Economics
Downloads 2,383 (12,678)
Citation 5

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Corporate Governance, Comply or Explain, Combined Code

4.

Original Sin Redux: Role of Duration Risk

Number of pages: 73 Posted: 07 Apr 2021 Last Revised: 17 Jan 2024
Carol C. Bertaut, Valentina Bruno and Hyun Song Shin
Board of Governors of the Federal Reserve System, American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 866 (57,581)
Citation 12

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Emerging Markets, US Dollar, Duration Risk, Sovereign Debt, Mutual Funds.

5.

Does Regulatory Certification Affect the Information Content of Credit Ratings?

Management Science, Forthcoming
Number of pages: 47 Posted: 22 Nov 2011 Last Revised: 02 Jun 2022
Valentina Bruno, Jess Cornaggia and Kimberly Cornaggia
American University - Department of Finance and Real Estate, Pennsylvania State University - Department of Finance and Pennsylvania State University - Department of Finance
Downloads 818 (62,247)
Citation 53

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Credit Ratings, NRSRO, Capital Markets Regulation, Certification

6.

Dollar and Exports

Downloads 612 (90,532)
Citation 20

Dollar and Exports

Review of Financial Studies, forthcoming
Number of pages: 58 Posted: 06 May 2020 Last Revised: 06 Dec 2022
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 612 (89,341)
Citation 8

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Dollar and Exports

CEPR Discussion Paper No. DP16311
Number of pages: 55 Posted: 14 Jul 2021
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
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Citation 12
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7.

Global Dollar Credit and Carry Trades: A Firm-Level Analysis

Downloads 596 (93,662)
Citation 57

Global Dollar Credit and Carry Trades: A Firm-Level Analysis

Review of Financial Studies, Forthcoming
Number of pages: 65 Posted: 04 Jun 2015 Last Revised: 08 Aug 2016
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 526 (108,150)
Citation 28

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Emerging markets, bond issuance, surrogate intermediaries, US dollar credit

Global Dollar Credit and Carry Trades: A Firm-Level Analysis

BIS Working Paper No. 510
Number of pages: 53 Posted: 28 Aug 2015
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 70 (678,580)
Citation 29

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emerging markets, bond issuance, surrogate intermediaries

8.

Capital Flows, Cross-Border Banking and Global Liquidity

Downloads 587 (95,492)
Citation 12

Capital Flows, Cross-Border Banking and Global Liquidity

AFA 2013 San Diego Meetings Paper
Number of pages: 50 Posted: 13 Mar 2012 Last Revised: 03 Dec 2012
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 543 (103,967)
Citation 10

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Gross capital flows, leverage, credit booms and busts

Capital Flows, Cross-Border Banking and Global Liquidity

NBER Working Paper No. w19038
Number of pages: 51 Posted: 11 May 2013 Last Revised: 08 Jan 2023
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 44 (846,025)
Citation 2

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9.

The Real Effect of Foreign Banks

Downloads 318 (113,470)
Citation 11

The Real Effect of Foreign Banks

Paolo Baffi Centre Research Paper No. 2009-50, AFA 2010 Atlanta Meetings Paper
Number of pages: 44 Posted: 26 Oct 2008 Last Revised: 25 Jun 2009
Robert B. H. Hauswald and Valentina Bruno
American University - Department of Finance and Real Estate and American University - Department of Finance and Real Estate
Downloads 318 (193,189)
Citation 11

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10.

Currency Depreciation and Emerging Market Corporate Distress

Downloads 486 (120,442)
Citation 21

Currency Depreciation and Emerging Market Corporate Distress

Number of pages: 53 Posted: 12 Dec 2016 Last Revised: 20 Nov 2017
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 355 (171,564)
Citation 6

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emerging market corporate debt, currency mismatch, liability dollarization, global financial conditions

Currency Depreciation and Emerging Market Corporate Distress

BIS Working Paper No. 753
Number of pages: 53 Posted: 07 Jan 2019
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 129 (449,946)
Citation 15

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emerging market corporate debt, currency mismatch, liability dollarization, global financial conditions

Currency Depreciation and Emerging Market Corporate Distress

CEPR Discussion Paper No. DP13298
Number of pages: 53 Posted: 05 Nov 2018
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 2 (1,312,805)
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currency mismatch, emerging market corporate debt, global financial conditions, liability dollarization

11.

The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment

BIS Working Paper No. 695
Number of pages: 43 Posted: 31 Jan 2018
Stefan Avdjiev, Valentina Bruno, Catherine Casanova and Hyun Song Shin
Bank for International Settlements (BIS), American University - Department of Finance and Real Estate, SNB and Bank for International Settlements (BIS)
Downloads 482 (121,701)
Citation 15

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financial channel, exchange rates, cross-border bank lending, real investment

12.

The Financialization of Food?

Downloads 320 (193,506)
Citation 21

The Financialization of Food?

Number of pages: 50 Posted: 17 Mar 2015 Last Revised: 10 Feb 2016
Valentina Bruno, Bahattin Buyuksahin and Michel A. Robe
American University - Department of Finance and Real Estate, CoMeX Consulting and Advising and University of Richmond - E. Claiborne Robins School of Business
Downloads 320 (191,949)
Citation 21

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Financialization, Fundamentals, Grains, Livestock, Equities, Co-movements, ADCC, Structural VAR

The Financialization of Food?

American Journal of Agricultural Economics 99 (1): 243-264, January 2017
Posted: 22 Oct 2016 Last Revised: 20 Sep 2017
Valentina Bruno, Bahattin Buyuksahin and Michel A. Robe
American University - Department of Finance and Real Estate, CoMeX Consulting and Advising and University of Richmond - E. Claiborne Robins School of Business

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Financialization, Fundamentals, Grains, Livestock, Equities

13.

Dollar Beta and Stock Returns

Number of pages: 27 Posted: 10 Jan 2022 Last Revised: 15 Feb 2022
Valentina Bruno, Ilhyock Shim and Hyun Song Shin
American University - Department of Finance and Real Estate, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 300 (208,115)

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Global liquidity, pricing factor, emerging market, exchange rate

14.

Dollar Exchange Rate as a Credit Supply Factor – Evidence from Firm-Level Exports

BIS Working Paper No. 819
Number of pages: 53 Posted: 12 Nov 2019
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 287 (217,152)
Citation 6

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global factors, risk taking channel, non-core bank funding, working capital, global value chains

15.

Corporate Governance and Ownership: Evidence from a Non-Mandatory Regulation

Number of pages: 42 Posted: 04 Sep 2012 Last Revised: 24 Jul 2014
Sridhar Arcot and Valentina Bruno
ESSEC Business School - Finance Department and American University - Department of Finance and Real Estate
Downloads 285 (218,747)
Citation 2

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corporate governance, dominant shareholders, code of best practice

16.

The Relation between Excess Audit Fees and Credit Ratings

Number of pages: 57 Posted: 01 Jul 2016 Last Revised: 29 Nov 2016
Valentina Bruno, Kimberly Cornaggia and Gopal V. Krishnan
American University - Department of Finance and Real Estate, Pennsylvania State University - Department of Finance and Bentley University
Downloads 272 (229,347)

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Audit Fees, Credit Ratings, Economic Bonding, Information Intermediary

17.

Capital Flows and the Risk-Taking Channel of Monetary Policy

Downloads 212 (292,773)
Citation 91

Capital Flows and the Risk-Taking Channel of Monetary Policy

BIS Working Paper No. 400
Number of pages: 43 Posted: 12 Apr 2013 Last Revised: 10 May 2014
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 160 (376,646)
Citation 16

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Capital flows, exchange rate appreciation, credit booms

Capital Flows and the Risk-Taking Channel of Monetary Policy

NBER Working Paper No. w18942
Number of pages: 46 Posted: 05 Apr 2013 Last Revised: 05 Apr 2023
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 52 (786,570)
Citation 75

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18.

Cross-Border Banking and Global Liquidity

BIS Working Paper No. 458
Number of pages: 47 Posted: 12 Sep 2014
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 200 (309,048)
Citation 86

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cross-border banking flows, bank leverage, global banks

19.

Comparative Assessment of Macroprudential Policies

BIS Working Paper No. 502
Number of pages: 56 Posted: 12 Jun 2015
Valentina Bruno, Ilhyock Shim and Hyun Song Shin
American University - Department of Finance and Real Estate, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 172 (354,191)
Citation 51

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macroprudential policy, capital flow management policy, interest rate policy, complementarity, Asia-Pacific

20.

Effectiveness of Macroprudential and Capital Flow Measures in Asia and the Pacific

BIS Paper No. 82k
Number of pages: 8 Posted: 19 Oct 2015
Valentina Bruno, Ilhyock Shim and Hyun Song Shin
American University - Department of Finance and Real Estate, Bank for International Settlements (BIS) and Bank for International Settlements (BIS)
Downloads 168 (361,477)

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banking inflow, bond inflow, domestic macroprudential measure, capital flow measure

21.

Exchange Rates and the Working Capital Channel of Trade Fluctuations

BIS Working Paper No. 694
Number of pages: 9 Posted: 31 Jan 2018
Valentina Bruno, Se-Jik Kim and Hyun Song Shin
American University - Department of Finance and Real Estate, Seoul National University - School of Economics and Bank for International Settlements (BIS)
Downloads 119 (477,209)
Citation 11

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global value chains, dollar invoicing, global liquidity

22.

Incorporating Uncertainty Into USDA Commodity Price Forecasts

Downloads 102 (534,141)

Incorporating Uncertainty Into USDA Commodity Price Forecasts

Number of pages: 37 Posted: 07 Jul 2019
Michael Adjemian, Valentina Bruno and Michel A. Robe
University of Georgia - Department of Agricultural & Applied Economics, American University - Department of Finance and Real Estate and University of Richmond - E. Claiborne Robins School of Business
Downloads 102 (538,798)

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USDA, forecasting, derivatives markets, option-implied volatility, WASDE, situation and outlook, grains and oilseeds

Incorporating Uncertainty into USDA Commodity Price Forecasts

American Journal of Agricultural Economics, Forthcoming
Posted: 06 Dec 2019
Michael Adjemian, Valentina Bruno and Michel A. Robe
University of Georgia - Department of Agricultural & Applied Economics, American University - Department of Finance and Real Estate and University of Richmond - E. Claiborne Robins School of Business

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USDA, forecasting, derivatives markets, option-implied volatility, situation and outlook, WASDE, grains

23.

Assessing Macroprudential Policies: Case of Korea

NBER Working Paper No. w19084
Number of pages: 37 Posted: 31 May 2013 Last Revised: 23 Feb 2023
Valentina Bruno and Hyun Song Shin
American University - Department of Finance and Real Estate and Bank for International Settlements (BIS)
Downloads 48 (796,160)

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24.

Corporate Bond Issuance Over Financial Stress Episodes: A Global Perspective

International Finance Discussion Paper No. 1390
Number of pages: 49 Posted: 14 May 2024
Valentina Bruno, Michele Dathan and Yuriy Kitsul
American University - Department of Finance and Real Estate, Board of Governors of the Federal Reserve SystemBoard of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 46 (810,666)

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Corporate bonds, Issuance, COVID, Crises