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

23

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SSRN CITATIONS
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Top 927

in Total Papers Citations

896

CROSSREF CITATIONS

634

Scholarly Papers (23)

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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 4,911 (3,267)
Citation 28

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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 3,055 ( 7,203)
Citation 17

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 Bank for International Settlements (BIS)
Downloads 2,242 (11,529)
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 Bank for International Settlements (BIS)
Downloads 807 (52,557)

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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 Bank for International Settlements (BIS)
Downloads 6 (1,051,118)
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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 2,188 (12,214)
Citation 5

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Corporate Governance, Comply or Explain, Combined Code

4.

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 748 (59,041)
Citation 45

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Credit Ratings, NRSRO, Capital Markets Regulation, Certification

5.

Original Sin Redux: Role of Duration Risk

Number of pages: 63 Posted: 07 Apr 2021 Last Revised: 06 Jul 2023
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 717 (62,551)
Citation 7

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

6.

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

Downloads 563 (84,763)
Citation 60

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 508 (95,255)
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 55 (640,938)
Citation 19

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emerging markets, bond issuance, surrogate intermediaries

7.

Capital Flows, Cross-Border Banking and Global Liquidity

Downloads 563 (84,763)
Citation 33

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 527 (91,086)
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 36 (767,128)
Citation 2

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8.

Dollar and Exports

Downloads 545 (88,229)
Citation 10

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 545 (87,236)
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 4
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9.

The Real Effect of Foreign Banks

Downloads 306 (101,862)
Citation 7

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 306 (169,803)
Citation 10

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10.

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 427 (118,380)
Citation 15

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

11.

Currency Depreciation and Emerging Market Corporate Distress

Downloads 423 (119,678)
Citation 17

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 339 (152,186)
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 84 (507,123)
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)
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currency mismatch, emerging market corporate debt, global financial conditions, liability dollarization

12.

The Financialization of Food?

Downloads 292 (179,432)
Citation 17

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 292 (178,409)
Citation 17

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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.

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 256 (205,010)
Citation 2

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corporate governance, dominant shareholders, code of best practice

14.

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 247 (212,283)

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Global liquidity, pricing factor, emerging market, exchange rate

15.

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 241 (217,374)
Citation 5

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

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 235 (222,843)

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Audit Fees, Credit Ratings, Economic Bonding, Information Intermediary

17.

Capital Flows and the Risk-Taking Channel of Monetary Policy

Downloads 194 (266,265)
Citation 336

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 146 (340,081)
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 48 (682,682)
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 155 (323,274)
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 145 (341,363)
Citation 43

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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 116 (404,317)

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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 104 (437,460)
Citation 11

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global value chains, dollar invoicing, global liquidity

22.

Incorporating Uncertainty Into USDA Commodity Price Forecasts

Downloads 91 (478,063)
Citation 1

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 91 (482,187)

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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 38 (732,814)

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