Luis Brandao-Marques

International Monetary Fund - Monetary and Capital Markets Department

Deputy Division Chief

700 19th Street, N.W.

Washington, DC 20431

United States

  • International Monetary Fund - Monetary and Capital Markets Department

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    • Tel: 2026238308
    • Fax: 2025898308
SCHOLARLY PAPERS

24

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3,450

TOTAL CITATIONS
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Top 8,870

in Total Papers Citations

51

Scholarly Papers (24)

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1.

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

Downloads 1,024 (44,721)
Citation 22

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 390/2014, Darden Business School Working Paper No. 2309117
Number of pages: 66 Posted: 13 Aug 2013 Last Revised: 07 Mar 2018
Rui A. Albuquerque, Luis Brandao-Marques, Miguel A. Ferreira and Pedro Matos
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 680 (76,357)
Citation 19

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Foreign direct investment, Corporate governance, Cross-border mergers and acquisitions, Spillovers

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

Review of Financial Studies Forthcoming, Darden Business School Working Paper No. 3151344
Number of pages: 62 Posted: 02 Apr 2018
Rui A. Albuquerque, Luis Brandao-Marques, Miguel A. Ferreira and Pedro Matos
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 342 (174,681)
Citation 2

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Foreign direct investment, Corporate governance, Cross-border mergers and acquisitions, Spillovers

International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions

CEPR Discussion Paper No. DP10917
Number of pages: 50 Posted: 04 Nov 2015
Rui A. Albuquerque, Luis Brandao-Marques, Miguel A. Ferreira and Pedro Matos
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Nova School of Business and Economics and University of Virginia - Darden School of Business
Downloads 2 (1,278,116)
Citation 1
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Corporate governance, Cross-border mergers and acquisitions, Foreign direct investment, Spillovers

2.

International Evidence on Government Support and Risk Taking in the Banking Sector

Downloads 495 (115,326)
Citation 14

International Evidence on Government Support and Risk Taking in the Banking Sector

FRB International Finance Discussion Paper No. 1086
Number of pages: 53 Posted: 21 Sep 2013
Luis Brandao-Marques, Ricardo Correa and Horacio Sapriza
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 325 (184,576)
Citation 13

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ank risk, market discipline, government support, bank regulation

International Evidence on Government Support and Risk Taking in the Banking Sector

IMF Working Paper No. 13/94
Number of pages: 37 Posted: 08 Jun 2013
Luis Brandao-Marques, Ricardo Correa and Horacio Sapriza
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 141 (408,188)
Citation 1

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Banking sector, Bank supervision, Bank regulations, Risk management, Bank risk, Market Discipline, Government Support, Bank Regulation., bank risk taking, banking, deposit insurance, foreign currency deposit, return on assets, bank regulation, bank size, bank value, bank bailouts, banking industry, bank ownership, bank managers, bank valuation, bank subsidiaries, financial strength, bank distress, banking regulations, bank holding companies, bank supervisory power, bank charter, accounting treatment, banking crises, banking markets, liquidity ratio, bank behavior, bank balance sheets, banking system, bank risk-taking, bank equity, bank debt, bank failure, bank holding, bankers, banking regul

International Evidence on Government Support and Risk Taking in the Banking Sector

International Finance Discussion Paper No. 1086
Number of pages: 48 Posted: 30 May 2017 Last Revised: 23 Aug 2021
Luis Brandao-Marques, Ricardo Correa and Horacio Sapriza
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 29 (953,637)

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3.

Marketwide Private Information in Stocks: Forecasting Currency Returns

Downloads 278 (219,318)
Citation 3

Marketwide Private Information in Stocks: Forecasting Currency Returns

Journal of Finance, Vol. 63, 2008
Number of pages: 67 Posted: 01 Mar 2006 Last Revised: 28 Dec 2014
Rui A. Albuquerque, Eva de Francisco and Luis Brandao-Marques
Boston College, Carroll School of Management, Congressional Budget Office (CBO) - Macroeconomic Analysis Division and International Monetary Fund - Monetary and Capital Markets Department
Downloads 263 (230,406)

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Marketwide private information, firm-specific private information, order flow, principal components, currency returns, equity returns

Marketwide Private Information in Stocks: Forecasting Currency Returns

CEPR Discussion Paper No. 5604
Number of pages: 49 Posted: 05 Jul 2006
Rui A. Albuquerque, Eva de Francisco and Luis Brandao-Marques
Boston College, Carroll School of Management, Congressional Budget Office (CBO) - Macroeconomic Analysis Division and International Monetary Fund - Monetary and Capital Markets Department
Downloads 15 (1,111,448)
Citation 3
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Marketwide private information, firm-specific private information, order flow, principal components, currency returns, equity returns

4.

Monetary Policy Transmission in Emerging Markets and Developing Economies

Downloads 160 (367,459)
Citation 1

Monetary Policy Transmission in Emerging Markets and Developing Economies

IMF Working Paper No. 20/35
Number of pages: 55 Posted: 18 Mar 2020
Luis Brandao-Marques, Gaston Gelos, Thomas Harjes, Ratna Sahay and Yi Xue
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 149 (390,203)
Citation 1

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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
Luis Brandao-Marques, Gaston Gelos, Thomas Harjes, Ratna Sahay and Yi Xue
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund (IMF) - Developing Country Studies Division and International Monetary Fund (IMF)
Downloads 11 (1,162,042)
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5.

Business Cycles in Emerging Markets: The Role of Durable Goods and Financial Frictions

IMF Working Paper No. 11/133
Number of pages: 39 Posted: 14 Jun 2011
Fernando Alvarez-Parra, Manuel Toledo and Luis Brandao-Marques
Government of Venezuela - Central Bank of Venezuela, Charles III University of Madrid - Department of Economics and International Monetary Fund - Monetary and Capital Markets Department
Downloads 151 (385,579)
Citation 3

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Business cycles, Consumer goods, Economic models, Emerging markets, External shocks

6.

Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations

IMF Working Paper No. 2023/143
Number of pages: 33 Posted: 07 Jul 2023
Luis Brandao-Marques, Marco Casiraghi, Marco Casiraghi, Gaston Gelos, Olamide Harrison and Gunes Kamber
International Monetary Fund - Monetary and Capital Markets Department, Bank of ItalyInternational Monetary Fund (IMF) - International Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF) and International Monetary Fund
Downloads 132 (428,942)

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Inflation expectations, monetary policy, fiscal dominance, debt

7.

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
Luis Brandao-Marques, Gaston Gelos, Machiko Narita and Erlend Nier
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 128 (439,411)

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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

8.

International Evidence on Government Support and Risk-Taking in the Banking Sector

European Banking Center Discussion Paper No. 2012-027
Number of pages: 34 Posted: 02 Nov 2012
Luis Brandao-Marques, Ricardo Correa and Horacio Sapriza
International Monetary Fund - Monetary and Capital Markets Department, Board of Governors of the Federal Reserve System and Board of Governors of the Federal Reserve System
Downloads 127 (442,079)
Citation 4

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bank risk, market discipline, government support, bank regulation

9.

Cross-Border Spillovers from Mutual Fund Activity (Presentation Slides)

Presentation at Conference on Systemic Risk and the Organization of the Financial System, Chapman University, May 12, 2017
Number of pages: 26 Posted: 05 Oct 2017
Luis Brandao-Marques, Marco A. Espinosa-Vega and Juan A. Solé
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 123 (453,015)

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Mutual Funds, Contagion, Global Spillovers

10.

Market Timing, Farmer Expectations, and Liquidity Constraints

Downloads 118 (467,494)
Citation 1

Market Timing, Farmer Expectations, and Liquidity Constraints

Number of pages: 47 Posted: 08 Jun 2021 Last Revised: 16 Feb 2024
Rui A. Albuquerque, Bruno Araujo, Luis Brandao-Marques, Gerivásia Mosse, Pippy Vletter and Helder Zavale
Boston College, Carroll School of Management, Eduardo Mondlane University (UEM), International Monetary Fund - Monetary and Capital Markets Department, Eduardo Mondlane University (UEM), Cooperative League of the United States of America and Eduardo Mondlane University (UEM)
Downloads 111 (492,442)
Citation 1

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Liquidity constraints, price expectations, product-market timing, storage conditions

Market Timing, Farmer Expectations, and Liquidity Constraints

CEPR Discussion Paper No. DP16220
Number of pages: 51 Posted: 14 Jul 2021
Rui A. Albuquerque, Luis Brandao-Marques, Bruno Araujo, Pippy Vletter, Gerivásia Mosse and Helder Zavale
Boston College, Carroll School of Management, International Monetary Fund - Monetary and Capital Markets Department, Eduardo Modelane University, Cooperative League of the United States of America, The International Center for Water Economics and Governance in Africa (IWEGA) and Eduardo Mondlane University (UEM)
Downloads 7 (1,213,693)
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11.

Country Transparency and the Global Transmission of Financial Shocks

IMF Working Paper No. 13/156
Number of pages: 39 Posted: 31 Jul 2013
Luis Brandao-Marques, Gaston Gelos and Natalia Melgar
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements and Universidad de la Republica
Downloads 103 (516,738)
Citation 3

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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

12.

The ECB's Future Monetary Policy Operational Framework: Corridor or Floor?

IMF Working Paper No. 2024/056
Number of pages: 40 Posted: 20 Mar 2024
Luis Brandao-Marques, Lev Ratnovski and Lev Ratnovski
International Monetary Fund - Monetary and Capital Markets Department and International Monetary FundEuropean Central Bank, Financial Research Division
Downloads 90 (564,030)

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Central bank operations, Monetary policy, The ECB

13.

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
Luis Brandao-Marques, Gaston Gelos, Hibiki Ichiue and Hiroko Oura
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 82 (596,867)

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

14.

Central Bank Emergency Support to Securities Markets

IMF Working Paper No. 17/152
Number of pages: 51 Posted: 09 Aug 2017
Darryl King, Luis Brandao-Marques, Kelly Eckhold, Peter Lindner and Diarmuid Murphy
International Monetary Fund (IMF), International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 60 (702,391)

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Liquidity, Central banks and their policies, Lender-of-last resort, market maker of last resort, fire sales, and financial stability, financial stability, Government Policy and Regulation

15.

The Riskiness of Credit Allocation and Financial Stability

IMF Working Paper No. 19/207
Number of pages: 40 Posted: 08 Nov 2019
Luis Brandao-Marques, Qianying Chen, Claudio Raddatz, Jerome Vandenbussche and Peichu Xie
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund (IMF) - Monetary and Capital Markets Department, International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 59 (707,898)

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Real effective exchange rates, Financial crises, Economic conditions, Credit booms, Credit expansion, Corporate debt, credit allocation, credit risk, financial leverage, financial vulnerability, financial crises, macro-financial stability, WP, riskiness, decile, ISS, country level, debt issuance

16.

Stock Market Liquidity in Chile

IMF Working Paper No. 16/223
Number of pages: 30 Posted: 16 Dec 2016
Luis Brandao-Marques
International Monetary Fund - Monetary and Capital Markets Department
Downloads 59 (707,898)

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Stock markets, Chile, Liquidity, Business cycles, Corporate governance, Emerging markets, Cross country analysis, Panel analysis, Market liquidity; investor protection; corporate governance; liquidity premium.

17.

Do Household Expectations Help Predict Inflation?

IMF Working Paper No. 2023/224
Number of pages: 32 Posted: 02 Nov 2023
Luis Brandao-Marques, Gaston Gelos, David Hofman, Julia Otten, Gurnain Kaur Pasricha and Zoe Strauss
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund and Independent
Downloads 56 (724,940)

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Inflation, inflation expectations, survey expectations, household expectations

18.

Welfare Implications of Exchange Rate Changes

AFFI/EUROFIDAI, Paris December 2008 Finance International Meeting AFFI - EUROFIDAI
Number of pages: 42 Posted: 13 Oct 2008
Luis Brandao-Marques
International Monetary Fund - Monetary and Capital Markets Department
Downloads 55 (730,813)

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trade effect, valuation effect, wealth effect, exchange rate, incomplete markets

19.

How Financial Conditions Matter Differently Across Latin America

IMF Working Paper No. 17/218
Number of pages: 28 Posted: 01 Dec 2017
Luis Brandao-Marques and Esther Perez Ruiz
International Monetary Fund - Monetary and Capital Markets Department and European Union - European Commission
Downloads 47 (781,859)

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Economic conditions, Spillovers, Financial cycles, Financial crisis, Econometric models, Cross-country analysis, Latin America, Argentina, Brazil, Chile, Colombia, Mexico, Peru, Financial conditions indexes, TVP-FAVAR, financial spillovers, Forecasting and Simulation, Financial Markets and the Macroeconomy, General

20.

Monetary Policy with Uncertain Inflation Persistence

IMF Working Paper No. 2024/047
Number of pages: 32 Posted: 14 Mar 2024
Luis Brandao-Marques, Roland Meeks and Huong (Vina) Nguyen
International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund and International Monetary Fund (IMF)
Downloads 46 (788,796)

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Robust policy, monetary policy, uncertainty, inflation persistence, wage and price dynamics.

21.

Distributional Effects of Monetary Policy

IMF Working Paper No. 2021/201
Number of pages: 47 Posted: 26 Oct 2023
Valentina Bonifacio, Luis Brandao-Marques, Nina T. Budina, Balazs Csonto, Chiara Fratto, Philipp Engler, Davide Furceri, Deniz Igan, Rui C. Mano, Machiko Narita, Murad Omoev, Gurnain Kaur Pasricha and Hélène Poirson
International Monetary Fund (IMF), International Monetary Fund - Monetary and Capital Markets Department, International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) - Financial Studies Division, International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF) - Research Department
Downloads 32 (898,852)

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asset price channel, easing affect income, A. central bank mandate, wealth channel, A. savings-redistribution channel, Income inequality, Income distribution, Income, Wages, Consumption, Global, Caribbean

22.

Market Timing, Farmer Expectations, and Liquidity Constraints

Number of pages: 54 Posted: 02 Dec 2022
Rui Albuquerque, Bruno Araujo, Luis Brandao-Marques, Gerivásia Mosse, Pippy Vletter and Helder Zavale
Boston College, Eduardo Modelane University, International Monetary Fund - Monetary and Capital Markets Department, The International Center for Water Economics and Governance in Africa (IWEGA), Cooperative League of the United States of America and Eduardo Mondlane University (UEM)
Downloads 23 (985,643)

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Liquidity constraints, household expectations, market timing, storage, household finance, developing economies

23.

Negative Interest Rate Policies: A Survey

CEPR Discussion Paper No. DP16016
Number of pages: 35 Posted: 14 May 2021
Luis Brandao-Marques, Marco Casiraghi, Marco Casiraghi, Gaston Gelos, Gunes Kamber and Roland Meeks
International Monetary Fund - Monetary and Capital Markets Department, Bank of ItalyInternational Monetary Fund (IMF) - International Capital Markets Department, Bank for International Settlements, International Monetary Fund and International Monetary Fund
Downloads 1 (1,236,898)
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24.

Leaning Against the Wind: An Empirical Cost-Benefit Analysis

CEPR Discussion Paper No. DP15693
Number of pages: 55 Posted: 11 Feb 2021
Luis Brandao-Marques, Gaston Gelos, Machiko Narita and Erlend Nier
International Monetary Fund - Monetary and Capital Markets Department, Bank for International Settlements, International Monetary Fund (IMF) and International Monetary Fund (IMF)
Downloads 1 (1,236,898)
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