Luis Brandao-Marques

International Monetary Fund - Monetary and Capital Markets Department

Deputy Division Chief

700 19th Street, N.W.

Washington, DC 20431

United States

SCHOLARLY PAPERS

24

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3,089

SSRN CITATIONS
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Top 9,312

in Total Papers Citations

112

CROSSREF CITATIONS

67

Scholarly Papers (24)

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
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 667 (72,305)
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
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 327 (169,353)
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
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 1 (1,161,659)
Citation 1
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Corporate governance, Cross-border mergers and acquisitions, Foreign direct investment, Spillovers

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 316 (175,601)
Citation 12

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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 136 (386,028)
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 26 (913,486)

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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 256 (218,352)

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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 (1,027,586)
Citation 3
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Marketwide private information, firm-specific private information, order flow, principal components, currency returns, equity returns

4.

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 135 (387,445)
Citation 3

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

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 129 (402,699)

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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)
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6.

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 119 (426,574)

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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

7.

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 118 (429,316)
Citation 4

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bank risk, market discipline, government support, bank regulation

Market Timing, Farmer Expectations, and Liquidity Constraints

Number of pages: 47 Posted: 08 Jun 2021 Last Revised: 16 Feb 2024
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 103 (477,531)
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
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)
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9.

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 97 (493,879)
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

10.

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 85 (536,623)

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Mutual Funds, Contagion, Global Spillovers

11.

Is High Debt Constraining Monetary Policy? Evidence from Inflation Expectations

IMF Working Paper No. 2023/143
Number of pages: 33 Posted: 07 Jul 2023
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 84 (540,533)

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Inflation expectations, monetary policy, fiscal dominance, debt

12.

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 74 (581,951)

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

13.

Central Bank Emergency Support to Securities Markets

IMF Working Paper No. 17/152
Number of pages: 51 Posted: 09 Aug 2017
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 56 (671,301)

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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

14.

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 56 (671,301)

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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.

15.

The Riskiness of Credit Allocation and Financial Stability

IMF Working Paper No. 19/207
Number of pages: 40 Posted: 08 Nov 2019
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 54 (682,602)

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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.

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 51 (700,237)

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

17.

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 45 (738,136)

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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

18.

Do Household Expectations Help Predict Inflation?

IMF Working Paper No. 2023/224
Number of pages: 32 Posted: 02 Nov 2023
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 44 (751,713)

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Inflation, inflation expectations, survey expectations, household expectations

19.

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 40 (773,142)

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Central bank operations, Monetary policy, The ECB

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 20 (942,682)

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

21.

Market Timing, Farmer Expectations, and Liquidity Constraints

Number of pages: 54 Posted: 02 Dec 2022
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 20 (942,682)

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

22.

Distributional Effects of Monetary Policy

IMF Working Paper No. 2021/201
Number of pages: 47 Posted: 26 Oct 2023
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 15 (992,859)

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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

23.

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, Bank for International Settlements, International Monetary Fund and International Monetary Fund
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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 0 (1,122,944)
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