Sergio L. Schmukler

World Bank - Development Research Group (DECRG)

Lead Economist

1818 H. Street, N.W.

MSN MC 3-301

Washington, DC 20433

United States

http://www.worldbank.org/en/about/people/s/sergio-schmukler

SCHOLARLY PAPERS

109

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SSRN CITATIONS
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1,182

CROSSREF CITATIONS

1,683

Scholarly Papers (109)

1.

Robo-Advisors: Investing Through Machines

World Bank Research and Policy Briefs No. 134881
Number of pages: 4 Posted: 26 Mar 2019 Last Revised: 27 Apr 2020
Facundo Abraham, Sergio L. Schmukler and José Tessada
World Bank, World Bank - Development Research Group (DECRG) and Business School, Pontificia Universidad Católica
Downloads 3,739 (5,863)
Citation 1

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Pensions & Retirement Systems, Educational Sciences, International Trade and Trade Rules, Educational Policy and Planning - Ministry of Education, Educational Institutions & Facilities, Educational Policy and Planning - Institutional Development, Educational Policy and Planning

2.

The Fintech Revolution: A Threat to Global Banking?

World Bank Research and Policy Briefs No. 125038
Number of pages: 4 Posted: 27 Sep 2018 Last Revised: 29 Mar 2019
Juan Jose Cortina Lorente and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 2,871 (8,905)
Citation 3

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Financial Structures, Armed Conflict, ICT Economics, Macroeconomic Management, Deposit Insurance

Mutual Fund Investment in Emerging Markets: An Overview

Number of pages: 37 Posted: 05 Jun 2001
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 1,907 (16,807)
Citation 3

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Mutual Fund Investment in Emerging Markets: An Overview

Posted: 07 May 2002
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)

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mutual funds, emerging markets, capital flows, equity investment, contagion, crises

4.

Addressing the SME Finance Problem

World Bank Research and Policy Briefs No. 120333
Number of pages: 4 Posted: 17 Sep 2018 Last Revised: 27 Apr 2020
Facundo Abraham, Sergio L. Schmukler and Facundo Abraham
Independent, World Bank - Development Research Group (DECRG) and World Bank
Downloads 1,555 (23,502)
Citation 2

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Capital Flows, Capital Markets and Capital Flows, Financial Sector and Social Assistance, Financial Structures, Legal Reform, Legislation, Regulatory Regimes, Judicial System Reform, Legal Products, Common Property Resource Development, Social Policy, Access to Finance, Economic Growth

Globalization and Firms' Financing Choices: Evidence from Emerging Economies

Number of pages: 37 Posted: 12 Jun 2000
Sergio L. Schmukler and Esteban Vesperoni
World Bank - Development Research Group (DECRG) and International Monetary Fund (IMF)
Downloads 1,147 (36,085)

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Globalization and Firms' Financing Choices: Evidence from Emerging Economies

IMF Working Paper No. 01/95
Number of pages: 26 Posted: 01 Feb 2006
Sergio L. Schmukler and Esteban Vesperoni
World Bank - Development Research Group (DECRG) and International Monetary Fund (IMF)
Downloads 167 (341,117)

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financing choices, financial structure, financial integration, financial globalization, international financial markets

Emerging Markets Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?

Number of pages: 40 Posted: 25 Jan 2002
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 1,004 (43,685)
Citation 4

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Emerging Markets Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?

World Bank Policy Research Working Paper No. 2678
Number of pages: 35 Posted: 29 Sep 2017
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 81 (586,036)
Citation 1

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Financial Intermediation, Environmental Economics & Policies, Banks & Banking Reform, Payment Systems & Infrastructure, Insurance & Risk Mitigation, Economic Theory & Research

7.
Downloads 1,022 (43,285)
Citation 53

Bank Involvement with SMEs: Beyond Relationship Lending

World Bank Policy Research Working Paper No. 4649
Number of pages: 75 Posted: 20 Apr 2016
Columbia University, SIPA, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 806 (59,253)

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Banks & Banking Reform, Access to Finance, Financial Intermediation, Debt Markets

Bank Involvement with SMEs: Beyond Relationship Lending

Journal of Banking and Finance, Vol. 34, Issue 9, September 2010: pp. 2280-2293
Number of pages: 14 Posted: 08 Nov 2012 Last Revised: 03 Jan 2013
Columbia University, SIPA, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 216 (269,538)
Citation 7

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Small and medium enterprises, bank finance, financial constraints, banking market structure

The International Financial Integration of China and India

IIIS Discussion Paper No. 174
Number of pages: 58 Posted: 22 Aug 2006
Philip R. Lane and Sergio L. Schmukler
Trinity College (Dublin) - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 479 (114,545)
Citation 9

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Financial integration, capital flows, China, India

The International Financial Integration of China and India

World Bank Policy Research Working Paper No. 4132
Number of pages: 55 Posted: 20 Apr 2016
Philip R. Lane and Sergio L. Schmukler
Trinity College (Dublin) - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 450 (123,719)

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Investment and Investment Climate, Economic Theory & Research, Banks & Banking Reform, Capital Flows, Financial Economics

The International Financial Integration of China and India

CEPR Discussion Paper No. 5852
Number of pages: 58 Posted: 14 Dec 2006
Philip R. Lane and Sergio L. Schmukler
Trinity College (Dublin) - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 24 (971,891)
Citation 1
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Financial integration, capital flows, China, India, world economy

9.

Growth of Global Corporate Debt: Main Facts and Policy Challenges

World Bank Policy Research Working Paper No. 9394 (2020), Oxford Research Encyclopedia of Economics and Finance (2020)
Number of pages: 44 Posted: 13 Sep 2020
Facundo Abraham, Juan Jose Cortina Lorente and Sergio L. Schmukler
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 828 (57,865)
Citation 6

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capital raising, corporate bonds, corporate financing, currency risk, debt, emerging economies, foreign currency debt, global financial crisis

Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization

Number of pages: 67 Posted: 10 Apr 2003
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 389 (146,324)
Citation 5

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Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization

NBER Working Paper No. w9787
Number of pages: 63 Posted: 23 Jun 2003 Last Revised: 30 Sep 2022
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 242 (241,666)
Citation 4

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Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization

IMF Working Paper No. 03/34
Number of pages: 60 Posted: 29 Jan 2006
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 178 (322,214)
Citation 2

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financial liberalization, capital controls, financial integration, stock market prices, booms, busts, financial cycles

Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets

Number of pages: 37 Posted: 14 Aug 2000
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 622 (82,762)
Citation 2

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Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets

NBER Working Paper No. w7855
Number of pages: 38 Posted: 19 Aug 2000 Last Revised: 19 Dec 2022
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 92 (540,603)
Citation 11

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Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets

World Bank Policy Research Working Paper No. 2399
Number of pages: 42 Posted: 29 Sep 2017
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 38 (842,229)
Citation 9

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Financial Intermediation, International Terrorism & Counterterrorism, Financial Crisis Management & Restructuring, Economic Theory & Research, Infrastructure Finance, Payment Systems & Infrastructure, Markets and Market Access

Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets

Posted: 10 Dec 2004
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)

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Mutual funds, managers, investors, trading strategies, emerging markets, momentum, feedback trading, crisis, contagion

12.

Crisis, Contagion, and Country Funds: Effects on East Asia and Latin America

Pacific Basin Working Paper Series, Working Paper No. PB96-04
Number of pages: 35 Posted: 13 Feb 1997
Jeffrey A. Frankel and Sergio L. Schmukler
Harvard University - Harvard Kennedy School (HKS) and World Bank - Development Research Group (DECRG)
Downloads 691 (73,431)
Citation 2

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Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework

CESifo Working Paper Series No. 2651
Number of pages: 50 Posted: 19 May 2009
Columbia University, SIPA, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 482 (113,653)

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small and medium enterprises, bank finance, financial constraints, banking market structure, institutional factors, regulation, competition

Drivers and Obstacles to Banking Smes: The Role of Competition and the Institutional Framework

World Bank Policy Research Working Paper No. 4788
Number of pages: 51 Posted: 20 Apr 2016
Columbia University, SIPA, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 203 (285,749)

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Banks & Banking Reform, Access to Finance, Financial Intermediation, Debt Markets

Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board

Number of pages: 55 Posted: 18 Feb 2003
Columbia University, SIPA, Universidad Torcuato Di Tella - School of Business and World Bank - Development Research Group (DECRG)
Downloads 631 (81,233)
Citation 32

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Exchange rate regime, currency board, dollarization, floating, currency crisis, banking crisis, convertibility

Living and Dying with Hard Pegs: The Rise and Fall of Argentina's Currency Board

Economia, Vol. 5, No. 2, pp. 43-99, 2003
Posted: 02 Jul 2004
Columbia University, SIPA, Universidad Torcuato Di Tella - School of Business and World Bank - Development Research Group (DECRG)

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Exchange rate regime, currency board, dollarization, floating, currency crisis, banking crisis, convertibility

15.

What Triggers Market Jitters? A Chronicle of the Asian Crisis

Number of pages: 40 Posted: 24 Apr 1999
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 597 (88,270)
Citation 9

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16.

Crisis Management in Argentina During the 1994-95 Mexican Crisis: How Did Markets React?

Number of pages: 28 Posted: 24 May 1999
Eduardo J.J. Ganapolsky and Sergio L. Schmukler
affiliation not provided to SSRN and World Bank - Development Research Group (DECRG)
Downloads 596 (88,443)
Citation 6

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17.
Downloads 586 (90,380)
Citation 4

Crisis and Contagion in East Asia: Nine Lessons

Number of pages: 55 Posted: 20 Apr 2016
Sergio L. Schmukler, Richard Newfarmer and Masahiro Kawai
World Bank - Development Research Group (DECRG), World Bank and Asian Development Bank Institute
Downloads 542 (98,594)

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Crisis and Contagion in East Asia: Nine Lessons

World Bank Policy Research Working Paper No. 2610
Number of pages: 60 Posted: 29 Sep 2017
Masahiro Kawai, Richard Newfarmer and Sergio L. Schmukler
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 44 (795,666)
Citation 3

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Payment Systems & Infrastructure, Fiscal & Monetary Policy, Financial Economics, Financial Crisis Management & Restructuring, Financial Intermediation, Economic Theory & Research, Banks & Banking Reform

Predicting Currency Fluctuations and Crises: Do Resident Firms Have an Informational Advantage?

Number of pages: 33 Posted: 15 Nov 1999
Daniel Kaufmann, Gil Mehrez and Sergio L. Schmukler
Results for Development, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 420 (133,809)
Citation 1

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Predicting Currency Fluctuations and Crises: Do Resident Firms Have an Informational Advantage?

Number of pages: 33 Posted: 15 Jan 2004
Daniel Kaufmann, Gil Mehrez and Sergio L. Schmukler
Results for Development, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 149 (375,722)

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Expectations, asymmetric information, local investors, financial crises, exchange rates fluctuations, prediction, survey

19.
Downloads 549 (98,145)
Citation 6

Emerging Market Liquidity and Crises

Number of pages: 11 Posted: 04 Oct 2007 Last Revised: 22 Jun 2013
Eduardo Levy Levy-Yeyati, Sergio L. Schmukler and Neeltje van Horen
Universidad Torcuato Di Tella - School of Business, World Bank - Development Research Group (DECRG) and Bank of England
Downloads 304 (191,479)

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liquidity crisis, stock markets, trading activity, trading volume, trading cost,

Emerging Market Liquidity and Crises

World Bank Policy Research Working Paper No. 4445
Number of pages: 23 Posted: 20 Apr 2016
Eduardo Levy Levy-Yeyati, Sergio L. Schmukler and Neeltje van Horen
Universidad Torcuato Di Tella - School of Business, World Bank - Development Research Group (DECRG) and Bank of England
Downloads 245 (238,745)
Citation 1

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Debt Markets, Markets and Market Access, Emerging Markets, Economic Theory & Research

20.

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Center

Number of pages: 38 Posted: 22 Dec 2004
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements (BIS), World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 526 (103,450)
Citation 2

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stock market development, internationalization of financial markets, trading migration, emerging economies

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

World Bank Policy Research Working Paper No. 4146, IMF Working Paper No. 07/138
Number of pages: 49 Posted: 20 Apr 2016
Stijn Claessens and Sergio L. Schmukler
Bank for International Settlements (BIS) and World Bank - Development Research Group (DECRG)
Downloads 315 (184,222)

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Investment and Investment Climate, Economic Theory & Research, Markets and Market Access, Microfinance, Small Scale Enterprise

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

IMF Working Paper No. 07/138
Number of pages: 48 Posted: 23 Aug 2007
Stijn Claessens and Sergio L. Schmukler
Bank for International Settlements (BIS) and World Bank - Development Research Group (DECRG)
Downloads 198 (292,312)
Citation 8

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Working Paper, Financial integration, International capital markets, Globalization, Capital accumulation, Stock markets

International Financial Integration Through Equity Markets: Which Firms from Which Countries Go Global?

CEPR Discussion Paper No. DP6137
Number of pages: 52 Posted: 19 May 2008
Stijn Claessens and Sergio L. Schmukler
Bank for International Settlements (BIS) and World Bank - Development Research Group (DECRG)
Downloads 3 (1,212,654)
Citation 4
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Access to capital markets, globalization of financial markets, international financial integration, internationalization

22.

Innovative Experiences in Access to Finance: Market Friendly Roles for the Visible Hand?

World Bank Policy Research Working Paper No. 4326
Number of pages: 82 Posted: 20 Apr 2016
Augusto de la Torre, Juan Carlos Gozzi and Sergio L. Schmukler
Columbia University, SIPA, Board of Governors of the Federal Reserve System and World Bank - Development Research Group (DECRG)
Downloads 515 (106,160)

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Debt Markets, Banks & Banking Reform, Emerging Markets, Bankruptcy and Resolution of Financial Distress

23.

How Resilient and Countercyclical Were Emerging Economies to the Global Financial Crisis?

World Bank Policy Research Working Paper No. 5637
Number of pages: 50 Posted: 20 Apr 2016
Tatiana Didier, Constantino Hevia and Sergio L. Schmukler
World Bank, Universidad Torcuato Di Tella - Departamento de Economia and World Bank - Development Research Group (DECRG)
Downloads 513 (106,671)
Citation 18

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Currencies and Exchange Rates, Economic Theory & Research, Emerging Markets, Debt Markets, Banks & Banking Reform

Internationalization and the Evolution of Corporate Valuation

World Bank Policy Research Working Paper No. 3933
Number of pages: 48 Posted: 27 Dec 2004
Juan Carlos Gozzi, Ross Levine and Sergio L. Schmukler
Board of Governors of the Federal Reserve System, Stanford University and World Bank - Development Research Group (DECRG)
Downloads 429 (130,572)
Citation 3

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Internationalization and the Evolution of Corporate Valuation

NBER Working Paper No. w11023
Number of pages: 49 Posted: 01 Feb 2005 Last Revised: 15 Aug 2022
Ross Levine and Sergio L. Schmukler
Stanford University and World Bank - Development Research Group (DECRG)
Downloads 70 (637,702)

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25.
Downloads 496 (111,152)
Citation 107

Why Do Emerging Economies Borrow Short Term?

Number of pages: 64 Posted: 02 Sep 2004
Fernando Broner, Guido Lorenzoni and Sergio L. Schmukler
CREI, Northwestern University and World Bank - Development Research Group (DECRG)
Downloads 252 (232,163)

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Emerging market debt, maturity structure, sovereign spreads, risk premium, term premium, financial crises

Why Do Emerging Economies Borrow Short Term?

UPF Economics and Business Working Paper 838
Number of pages: 64 Posted: 29 Nov 2005 Last Revised: 21 Jun 2013
Fernando Broner, Guido Lorenzoni and Sergio L. Schmukler
CREI, Northwestern University and World Bank - Development Research Group (DECRG)
Downloads 168 (339,373)
Citation 1

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Emerging market debt, maturity structure,sovereign spreads, risk premium, term premium, financial crises

Why Do Emerging Economies Borrow Short Term?

NBER Working Paper No. w13076
Number of pages: 65 Posted: 27 Jun 2007 Last Revised: 25 Sep 2022
Fernando Broner, Guido Lorenzoni and Sergio L. Schmukler
CREI, Northwestern University and World Bank - Development Research Group (DECRG)
Downloads 72 (627,822)
Citation 49

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Why Do Emerging Economies Borrow Short Term?

CEPR Discussion Paper No. DP6249
Number of pages: 67 Posted: 21 May 2008
Fernando Broner, Guido Lorenzoni and Sergio L. Schmukler
CREI, Northwestern University and World Bank - Development Research Group (DECRG)
Downloads 4 (1,200,548)
Citation 20
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emerging market debt, financial crises, investor risk aversion, maturity structure, risk premium, term premium

26.

Market Discipline Under Systemic Risk: Evidence from Bank Runs in Emerging Economies

Number of pages: 49 Posted: 20 Apr 2016
Universidad Torcuato Di Tella - School of Business, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 436 (129,499)

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market discipline, idiosyncratic risk, systemic risk, emerging markets, depositor behavior, bank run, banking crises

Global Transmission of Interest Rates: Monetary Independence and Currency Regime

Number of pages: 50 Posted: 29 Aug 2000
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI
Downloads 330 (175,356)

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Global Transmission of Interest Rates: Monetary Independence and Currency Regime

NBER Working Paper No. w8828
Number of pages: 46 Posted: 08 Mar 2002 Last Revised: 17 Aug 2022
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI
Downloads 82 (581,632)
Citation 11

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Global Transmission of Interest Rates: Monetary Independence and Currency Regime

Posted: 17 Oct 2003
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI

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interest rates, exchange rate regime, currency regime, monetary independence, monetary policy

28.

Pension Funds and Capital Market Development

World Bank Policy Research Working Paper No. 4787
Number of pages: 94 Posted: 20 Apr 2016
Claudio E. Raddatz and Sergio L. Schmukler
University of Chile, School of Economics and Business and World Bank - Development Research Group (DECRG)
Downloads 393 (145,901)
Citation 1

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Investment and Investment Climate, Social Funds and Pensions, Capital Markets and Capital Flows

Pricing Currency Risk: Facts and Puzzles from Currency Boards

Number of pages: 77 Posted: 11 Dec 2001
Sergio L. Schmukler and Luis Servén
World Bank - Development Research Group (DECRG) and CEMFI
Downloads 296 (196,877)

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currency risk, currency premium, forward discount, currency board, term structure, covered interest parity, market segmentation, financial crises

Pricing Currency Risk: Facts and Puzzles from Currency Boards

NBER Working Paper No. w9047
Number of pages: 72 Posted: 11 Jul 2002 Last Revised: 22 Sep 2022
Sergio L. Schmukler and Luis Servén
World Bank - Development Research Group (DECRG) and CEMFI
Downloads 60 (691,709)

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30.

Do Depositors Punish Banks for 'Bad' Behavior? Market Discipline in Argentina, Chile, and Mexico

Number of pages: 53 Posted: 19 Apr 1999
Maria Soledad Martinez Peria and Sergio L. Schmukler
International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 351 (165,305)
Citation 1

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31.

Toward Successful Development Policies: Insights from Research in Development Economics

World Bank Policy Research Working Paper No. 9133
Number of pages: 45 Posted: 31 Jan 2020 Last Revised: 22 Feb 2020
World Bank, World Bank - Development Research Group (DECRG), World Bank - Development Research Group (DECRG), World Bank - Development Research Group, World BankWorld Bank - Development Research Group (DECRG), World Bank - Development Research Group (DECRG), World Bank - Agriculture and Rural Development Department, World Bank, DECDG, World Bank - Development Research Group (DECRG), World Bank, World Bank - Development Research Group (DECRG), World Bank - Research Department, World Bank - Development Research Group (DECRG), World Bank - Development Economics Research Group (DECRG), World Bank - Development Research Group (DECRG), World Bank, World Bank - Development Research Group (DECRG), World Bank - Development Research Group (DECRG), World Bank - Development Research Group (DECRG) and World Bank - Development Research Group (DECRG)
Downloads 338 (172,733)

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Health Care Services Industry, International Trade and Trade Rules, Economic Assistance, Disability, Services & Transfers to Poor, Access of Poor to Social Services, Climate Change and Environment, Climate Change and Health, Science of Climate Change, Inequality

32.

Capital Market Development: Whither Latin America?

World Bank Policy Research Working Paper No. 4156
Number of pages: 27 Posted: 20 Apr 2016
Augusto de la Torre, Juan Carlos Gozzi and Sergio L. Schmukler
Columbia University, SIPA, Board of Governors of the Federal Reserve System and World Bank - Development Research Group (DECRG)
Downloads 338 (172,159)

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stock market development; bond market development; capital market

33.

Using Big Data to Expand Financial Services: Benefits and Risks

World Bank Research and Policy Briefs No. 143463
Number of pages: 4 Posted: 28 Apr 2020
Facundo Abraham, Sergio L. Schmukler and José Tessada
World Bank, World Bank - Development Research Group (DECRG) and Business School, Pontificia Universidad Católica
Downloads 333 (175,011)

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ICT Applications, Legal Institutions of the Market Economy, Financial Structures, Financial Sector Policy

Migration, Spillovers, and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity

Number of pages: 41 Posted: 26 May 2003
Ross Levine and Sergio L. Schmukler
Stanford University and World Bank - Development Research Group (DECRG)
Downloads 266 (219,885)
Citation 2

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International finance, globalization, cross-listing, ADRs, GDRs

Migration, Spillovers,And Trade Diversion: The Impact of Internationalization on Stock Market Liquidity

NBER Working Paper No. w9614
Number of pages: 42 Posted: 11 Apr 2003 Last Revised: 10 Apr 2022
Ross Levine and Sergio L. Schmukler
Stanford University and World Bank - Development Research Group (DECRG)
Downloads 44 (795,666)
Citation 2

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35.

Government Bonds in Domestic and Foreign Currency: The Role of Institutional Factors

Number of pages: 38 Posted: 06 Aug 2003
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements (BIS), World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 308 (190,059)

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government debt, government bond markets, sovereign bonds, foreign currency debt, currency structure, institutions, exchange rate regime

36.

Financial Development in Latin America: Big Emerging Issues, Limited Policy Answers

World Bank Policy Research Working Paper No. 3963
Number of pages: 43 Posted: 20 Apr 2016
Augusto de la Torre, Juan Carlos Gozzi and Sergio L. Schmukler
Columbia University, SIPA, Board of Governors of the Federal Reserve System and World Bank - Development Research Group (DECRG)
Downloads 294 (199,623)

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Financial Economics, Economic Theory & Research, Financial Intermediation, Macroeconomic Management, Markets and Market Access

Short- and Long-Run Integration: Do Capital Controls Matter?

Number of pages: 46 Posted: 10 Jul 2001
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 247 (236,723)

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Short and Long-Run Integration: Do Capital Controls Matter?

World Bank Policy Research Working Paper No. 2660
Number of pages: 52 Posted: 29 Sep 2017
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)
Downloads 34 (876,207)

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Macroeconomic Management, Fiscal & Monetary Policy, Financial Economics, Economic Theory & Research, Banks & Banking Reform, International Terrorism & Counterterrorism, Capital Markets and Capital Flows

Short- and Long-Run Integration: Do Capital Controls Matter?

Brookings Trade Forum, 2001
Posted: 11 Sep 2001
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)

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Capital controls, restrictions on capital movement, financial integration, band-pass filter

38.
Downloads 272 (216,297)
Citation 214

Gross Capital Flows: Dynamics and Crises

Banco de Espana Working Paper No. 1039
Number of pages: 52 Posted: 29 Apr 2011
Fernando Broner, Tatiana Didier, Aitor Erce and Sergio L. Schmukler
CREI, World Bank, UPNA and World Bank - Development Research Group (DECRG)
Downloads 150 (373,638)
Citation 7

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gross capital flows, net capital flows, domestic investors, foreign investors, crises

Gross Capital Flows: Dynamics and Crises

World Bank Policy Research Working Paper No. 5768
Number of pages: 50 Posted: 20 Apr 2016
Fernando Broner, Tatiana Didier, Aitor Erce and Sergio L. Schmukler
CREI, World Bank, UPNA and World Bank - Development Research Group (DECRG)
Downloads 118 (451,844)
Citation 1

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Emerging Markets, Macroeconomic Management, Economic Theory & Research, Debt Markets, Capital Flows

Gross Capital Flows: Dynamics and Crises

CEPR Discussion Paper No. DP8591
Number of pages: 51 Posted: 12 Oct 2011
Fernando Broner, Tatiana Didier, Aitor Erce and Sergio L. Schmukler
CREI, World Bank, UPNA and World Bank - Development Research Group (DECRG)
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Citation 108
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crises, domestic investors, foreign investors, gross capital flows, net capital flows

International Asset Allocations and Capital Flows: The Benchmark Effect

World Bank Policy Research Working Paper No. 6866
Number of pages: 59 Posted: 20 Apr 2016
Claudio E. Raddatz, Sergio L. Schmukler and Tomás Williams
University of Chile, School of Economics and Business, World Bank - Development Research Group (DECRG) and George Washington University - Department of Economics
Downloads 128 (424,312)
Citation 25

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Mutual Funds, Debt Markets, Economic Theory & Research, Information Security & Privacy, Emerging Markets

40.

International Financial Integration Through the Law of One Price

World Bank Policy Research Working Paper No. 3897
Number of pages: 43 Posted: 15 May 2006
Eduardo Levy Levy-Yeyati, Sergio L. Schmukler and Neeltje van Horen
Universidad Torcuato Di Tella - School of Business, World Bank - Development Research Group (DECRG) and Bank of England
Downloads 262 (224,495)

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capital market integration, market segmentation, TAR, PPP, capital controls, crisis

41.
Downloads 255 (230,667)
Citation 6

Financial Globalization: Unequal Blessings

Number of pages: 20 Posted: 29 Nov 2002
Columbia University, SIPA, Universidad Torcuato Di Tella - School of Business and World Bank - Development Research Group (DECRG)
Downloads 255 (229,462)
Citation 6

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financial globalization, dollarization, floating, currency regime, financial crises, emerging markets

Financial Globalization: Unequal Blessings

Posted: 16 Jun 2004
Universidad Torcuato Di Tella - School of Business, Columbia University, SIPA and World Bank - Development Research Group (DECRG)

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42.

Financial Globalization: A Glass Half Empty?

World Bank Policy Research Working Paper No. 8194
Number of pages: 50 Posted: 14 Sep 2017 Last Revised: 02 Oct 2017
Facundo Abraham and Sergio L. Schmukler
Independent and World Bank - Development Research Group (DECRG)
Downloads 253 (232,427)

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Capital Flows, Capital Markets and Capital Flows

Capital Market Financing, Firm Growth, and Firm Size Distribution

World Bank Policy Research Working Paper No. 7353
Number of pages: 54 Posted: 20 Apr 2016
Tatiana Didier, Ross Levine and Sergio L. Schmukler
World Bank, Stanford University and World Bank - Development Research Group (DECRG)
Downloads 116 (457,890)

Abstract:

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Private Sector Economics, Economic Growth, Marketing, Economic Theory & Research, Industrial Economics, Private Sector Development Law

Capital Market Financing, Firm Growth, and Firm Size Distribution

ESRB: Working Paper Series No. 2016/04
Number of pages: 54 Posted: 05 Nov 2020
Tatiana Didier, Ross Levine and Sergio L. Schmukler
World Bank, Stanford University and World Bank - Development Research Group (DECRG)
Downloads 66 (658,519)

Abstract:

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access to finance, bond markets, capital market development, capital raisings, firm dynamics, firm financing, stock market

44.

Coping with Risk Through Mismatches: Domestic and International Financial Contracts for Emerging Economies

Number of pages: 41 Posted: 15 Jan 2004
Augusto de la Torre and Sergio L. Schmukler
Columbia University, SIPA and World Bank - Development Research Group (DECRG)
Downloads 211 (276,517)

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Currency mismatch, maturity mismatch, dollarization, financial development

45.

Stock Market Development Under Globalization: Whither the Gains from Reforms?

World Bank Policy Research Working Paper No. 4184
Number of pages: 38 Posted: 20 Apr 2016
Sergio L. Schmukler, Juan Carlos Gozzi and Augusto de la Torre
World Bank - Development Research Group (DECRG), Board of Governors of the Federal Reserve System and Columbia University, SIPA
Downloads 207 (281,455)
Citation 2

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Markets and Market Access, Economic Theory & Research, Access to Markets, Privatization, Corporate Law

46.

Verifiability: A Rationale for the Failure of Intermediate Exchange Rate Regimes

Number of pages: 30 Posted: 30 Mar 2000
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI
Downloads 207 (281,455)
Citation 2

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exchange rate regimes, corners, basket peg, band, target zone, verifiability, transparency, Chile

Financial Globalization in Emerging Countries: Diversification vs. Offshoring

World Bank Policy Research Working Paper No. 6105
Number of pages: 38 Posted: 20 Apr 2016
Francisco Ceballos, Tatiana Didier and Sergio L. Schmukler
International Food Policy Research Institute (IFPRI), World Bank and World Bank - Development Research Group (DECRG)
Downloads 137 (401,978)

Abstract:

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Debt Markets, Emerging Markets, Mutual Funds, Economic Theory & Research, Banks & Banking Reform

Financial Globalization in Emerging Countries: Diversification vs. Offshoring

ADBI Working Paper 389
Number of pages: 37 Posted: 20 Oct 2012
Francisco Ceballos, Tatiana Didier and Sergio L. Schmukler
International Food Policy Research Institute (IFPRI), World Bank and World Bank - Development Research Group (DECRG)
Downloads 69 (642,811)
Citation 2

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financial globalization, emerging economies, diversification, offshoring

How Firms Use Domestic and International Corporate Bond Markets

World Bank Policy Research Working Paper No. 6209
Number of pages: 46 Posted: 20 Apr 2016
Independent, Stanford University, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 141 (392,930)

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Debt Markets, Emerging Markets, Markets and Market Access, Microfinance, Currencies and Exchange Rates

How Firms Use Domestic and International Corporate Bond Markets

NBER Working Paper No. w17763
Number of pages: 50 Posted: 21 Jan 2012 Last Revised: 16 Jul 2023
Independent, Stanford University, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 48 (767,107)

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49.

Distributional Effects of Crises: The Financial Channel

World Bank Policy Research Working Paper No. 3173
Number of pages: 59 Posted: 16 Jul 2011
Marina C. Halac and Sergio L. Schmukler
affiliation not provided to SSRN and World Bank - Development Research Group (DECRG)
Downloads 185 (311,628)
Citation 9

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Financial crises, distributional effects, financial transfers, inequality, income distribution, access to finance

50.

Unexploited Gains from International Diversification

Number of pages: 70 Posted: 20 Mar 2009
Tatiana Didier, Roberto Rigobon and Sergio L. Schmukler
World Bank, Massachusetts Institute of Technology (MIT) - Sloan School of Management and World Bank - Development Research Group (DECRG)
Downloads 181 (317,848)
Citation 2

Abstract:

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financial integration, globalization, mutual funds, risk diversification

51.

Deconstructing Herding: Evidence from Pension Fund Investment Behavior

World Bank Policy Research Working Paper No. 5700
Number of pages: 54 Posted: 20 Apr 2016
Claudio E. Raddatz and Sergio L. Schmukler
University of Chile, School of Economics and Business and World Bank - Development Research Group (DECRG)
Downloads 178 (322,623)
Citation 2

Abstract:

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Debt Markets, Mutual Funds, Emerging Markets, Investment and Investment Climate, Economic Theory & Research

52.

Do Depositors Punish Banks for Bad Behavior? Market Discipline in Argentina, Chile, and Mexico

Number of pages: 53 Posted: 20 Apr 2016
Maria Soledad Martinez Peria and Sergio L. Schmukler
International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 173 (330,925)
Citation 1

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53.

Financing Firms in Hibernation during the COVID-19 Pandemic

Cowles Foundation Discussion Paper No. 2233
Number of pages: 31 Posted: 15 May 2020 Last Revised: 18 Sep 2020
World Bank, Yale University, Columbia University and World Bank - Development Research Group (DECRG)
Downloads 172 (332,603)
Citation 21

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Cash crush, Coronavirus, Credit risk, Financial policies, Firm relationships

Unexploited Gains from International Diversification: Patterns of Portfolio Holdings Around the World

World Bank Policy Research Working Paper No. 5524
Number of pages: 78 Posted: 20 Apr 2016
Tatiana Didier, Roberto Rigobon and Sergio L. Schmukler
World Bank, Massachusetts Institute of Technology (MIT) - Sloan School of Management and World Bank - Development Research Group (DECRG)
Downloads 114 (464,027)

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Mutual Funds, Debt Markets, Emerging Markets, Rural Development Knowledge & Information Systems, Access to Finance

Unexploited Gains from International Diversification: Patterns of Portfolio Holdings Around the World

NBER Working Paper No. w16629
Number of pages: 77 Posted: 27 Dec 2010 Last Revised: 10 Jun 2023
Tatiana Didier, Roberto Rigobon and Sergio L. Schmukler
World Bank, Massachusetts Institute of Technology (MIT) - Sloan School of Management and World Bank - Development Research Group (DECRG)
Downloads 53 (733,745)
Citation 5

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55.

Country Fund Discounts and the Mexican Crisis of December 1994: Did Local Residents Turn Pessimistic Before International Investors?

Number of pages: 43 Posted: 30 Oct 1996
Jeffrey A. Frankel and Sergio L. Schmukler
Harvard University - Harvard Kennedy School (HKS) and World Bank - Development Research Group (DECRG)
Downloads 164 (346,622)
Citation 4

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56.

Crises, Capital Controls, and Financial Integration

World Bank Policy Research Working Paper No. 4770
Number of pages: 38 Posted: 20 Apr 2016
Eduardo Levy Levy-Yeyati, Sergio L. Schmukler and Neeltje van Horen
Universidad Torcuato Di Tella - School of Business, World Bank - Development Research Group (DECRG) and Bank of England
Downloads 159 (355,765)
Citation 2

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57.
Downloads 157 (359,573)
Citation 30

Patterns of International Capital Raisings

World Bank Policy Research Working Paper No. 4687
Number of pages: 57 Posted: 20 Apr 2016
Juan Carlos Gozzi, Ross Levine and Sergio L. Schmukler
Board of Governors of the Federal Reserve System, Stanford University and World Bank - Development Research Group (DECRG)
Downloads 118 (451,844)
Citation 2

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Debt Markets, Emerging Markets, Economic Theory & Research, Access to Finance, Microfinance

Patterns of International Capital Raisings

NBER Working Paper No. w14961
Number of pages: 58 Posted: 19 May 2009 Last Revised: 19 Nov 2022
Juan Carlos Gozzi, Ross Levine and Sergio L. Schmukler
Board of Governors of the Federal Reserve System, Stanford University and World Bank - Development Research Group (DECRG)
Downloads 39 (834,124)

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58.

Distributional Effects of Crises: The Role of Financial Transfers

Number of pages: 36 Posted: 30 Dec 2004
Marina C. Halac and Sergio L. Schmukler
affiliation not provided to SSRN and World Bank - Development Research Group (DECRG)
Downloads 157 (359,573)

Abstract:

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Financial crises, distributional effects, financial transfers, inequality, income distribution, Argentine crisis, Mexican crisis

59.

Financial Development in Latin America and the Caribbean: The Road Ahead

World Bank Latin American and Caribbean Studies, 2012
Number of pages: 275 Posted: 16 May 2012
Augusto de la Torre, Alain Ize and Sergio L. Schmukler
Columbia University, SIPA, World Bank and World Bank - Development Research Group (DECRG)
Downloads 144 (385,703)

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Population, Health, and Nutrition: Annual Operational Review for Fiscal 1992

World Bank Policy Research Working Paper No. 1152
Number of pages: 94 Posted: 20 Apr 2016
World Bank - Development Research Group (DECRG), Universidad Adolfo Ibañez, Harvard University - Harvard Kennedy School (HKS) and CEMFI
Downloads 143 (388,367)

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Poverty Monitoring & Analysis, Urban Services to the Poor, Health Monitoring & Evaluation, Health Economics & Finance, Banks & Banking Reform

Verifying Exchange Rate Regimes

Posted: 02 Apr 2002
Jeffrey A. Frankel, Eduardo Fajnzylber and Sergio L. Schmukler
Harvard University - Harvard Kennedy School (HKS), Universidad Adolfo Ibañez and World Bank - Development Research Group (DECRG)

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Verifiability, transparency, exchange rate regimes, basket peg, bands, target zone, floating

61.

The Search for Yield and the Size Premium in Emerging Market Corporate Debt

Number of pages: 43 Posted: 20 Dec 2018
Columbia University - Columbia Business School, Columbia University, World Bank - Development Research Group (DECRG) and George Washington University - Department of Economics
Downloads 140 (394,471)
Citation 1

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benchmark indexes, corporate bonds, corporate financing, emerging markets

62.

Country Funds and Asymmetric Information

Number of pages: 38 Posted: 20 Apr 2016
Jeffrey A. Frankel and Sergio L. Schmukler
Harvard University - Harvard Kennedy School (HKS) and World Bank - Development Research Group (DECRG)
Downloads 133 (410,666)
Citation 3

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The Price of Inconvertible Deposits: The Stock Market Boom During the Argentine Crisis

Number of pages: 12 Posted: 13 May 2003
Eduardo Levy Levy-Yeyati, Sergio L. Schmukler and Neeltje van Horen
Universidad Torcuato Di Tella - School of Business, World Bank - Development Research Group (DECRG) and Bank of England
Downloads 133 (411,731)
Citation 1

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The Price of Inconvertible Deposits: the Stock Market Boom During the Argentine Crisis

Economics Letters, Vol. 83, No. 1, pp. 7-13, 2004
Posted: 10 Sep 2003
Eduardo Levy Levy-Yeyati, Sergio L. Schmukler and Neeltje van Horen
Universidad Torcuato Di Tella - School of Business, World Bank - Development Research Group (DECRG) and Bank of England

Abstract:

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Financial crisis, banking crisis, ADRs, Argentina, capital outflows

64.

Financing Firms in Hibernation During the COVID-19 Pandemic

World Bank Policy Research Working Paper No. 9236
Number of pages: 25 Posted: 11 May 2020 Last Revised: 18 May 2020
World Bank, Yale University, Columbia University and World Bank - Development Research Group (DECRG)
Downloads 128 (422,909)
Citation 2

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Financial Crisis Management & Restructuring, Health Care Services Industry, International Trade and Trade Rules, Capital Markets and Capital Flows, Capital Flows, Financial Structures

65.

Corporate Debt Maturity in Developing Countries: Sources of Long- and Short-Termism

World Bank Policy Research Working Paper No. 8222
Number of pages: 47 Posted: 20 Oct 2017 Last Revised: 27 Apr 2018
World Bank, World Bank, World Bank - Development Research Group (DECRG) and World Bank
Downloads 128 (422,909)
Citation 2

Abstract:

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Capital Markets and Capital Flows, Capital Flows, Finance and Development, Financial Economics, Financial Sector Policy, Securities Markets Policy & Regulation, Fiscal & Monetary Policy, Consumption

66.

The Rise of Domestic Capital Markets for Corporate Financing

World Bank Policy Research Working Paper No. 8844
Number of pages: 61 Posted: 09 May 2019
Facundo Abraham, Juan Jose Cortina Lorente and Sergio L. Schmukler
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 124 (433,227)
Citation 2

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67.

The Financing and Growth of Firms in China and India: Evidence from Capital Markets

World Bank Policy Research Working Paper No. 6401
Number of pages: 63 Posted: 20 Apr 2016
Tatiana Didier and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 118 (449,767)
Citation 4

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Debt Markets, Microfinance, Economic Theory & Research, Access to Finance, Banks & Banking Reform

Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors

World Bank Policy Research Working Paper No. 2986
Number of pages: 48 Posted: 29 Sep 2017
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements (BIS), World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 85 (568,860)
Citation 5

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Banks & Banking Reform, Public Sector Economics, International Terrorism & Counterterrorism, Macroeconomic Management, Payment Systems & Infrastructure, Economic Theory & Research, Environmental Economics & Policies

Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors

Number of pages: 43 Posted: 10 Apr 2003
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements (BIS), World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 28 (931,627)
Citation 3
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Government debt, government bond markets, sovereign bonds, foreign currency debt, currency structure

69.

Financial Innovation and Additionality: The Power of Economic Analysis and Data Analytics

World Bank Research and Policy Briefs No. 138280
Number of pages: 4 Posted: 28 Apr 2020 Last Revised: 18 May 2020
Facundo Abraham, Sergio L. Schmukler and José Tessada
World Bank, World Bank - Development Research Group (DECRG) and Business School, Pontificia Universidad Católica
Downloads 112 (467,803)

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Governance Diagnostic Capacity Building, Economic Forecasting, Macroeconomic Management, Access to Finance, Conflict and Fragile States, Tertiary Education, Information Technology

70.

Latin America and the Rising South: Changing World, Changing Priorities

World Bank Latin American and Caribbean Studies, 2015
Number of pages: 249 Posted: 06 Jun 2015
Columbia University, SIPA, World Bank, World Bank, World Bank - Latin America and Caribbean Region and World Bank - Development Research Group (DECRG)
Downloads 111 (470,914)
Citation 1

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Latin America, Rise of the South, Globalization, Global Networks, Global Value Chains, Trade Integration, Financial Integration, Savings, Labor Market Dynamics

71.

Are Public Credit Guarantees Worth the Hype?

World Bank Research and Policy Briefs No. 121486
Number of pages: 4 Posted: 17 Sep 2018 Last Revised: 27 Apr 2020
Facundo Abraham, Sergio L. Schmukler and Facundo Abraham
Independent, World Bank - Development Research Group (DECRG) and World Bank
Downloads 110 (473,972)

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Private Sector Economics, Private Sector Development Law, Marketing, Labor Markets, Economic Growth, Finance and Development

72.

The Long and the Short of Emerging Market Debt

World Bank Policy Research Working Paper No. 5056
Number of pages: 54 Posted: 20 Apr 2016
Luis Opazo, Claudio E. Raddatz and Sergio L. Schmukler
Central Bank of Chile, University of Chile, School of Economics and Business and World Bank - Development Research Group (DECRG)
Downloads 109 (477,092)

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Debt Markets, Emerging Markets, Investment and Investment Climate, Deposit Insurance

On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios

World Bank Policy Research Working Paper No. 6072
Number of pages: 52 Posted: 20 Apr 2016
Claudio E. Raddatz and Sergio L. Schmukler
University of Chile, School of Economics and Business and World Bank - Development Research Group (DECRG)
Downloads 62 (680,499)
Citation 7

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Mutual Funds, Debt Markets, Emerging Markets, Investment and Investment Climate, Currencies and Exchange Rates

On the International Transmission of Shocks: Micro-Evidence from Mutual Fund Portfolios

NBER Working Paper No. w17358
Number of pages: 92 Posted: 29 Aug 2011 Last Revised: 07 Jun 2023
Claudio E. Raddatz and Sergio L. Schmukler
University of Chile, School of Economics and Business and World Bank - Development Research Group (DECRG)
Downloads 45 (788,319)

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74.

Financial Development in Asia: Beyond Aggregate Indicators

World Bank Policy Research Working Paper No. 6761
Number of pages: 46 Posted: 20 Apr 2016
Tatiana Didier and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 104 (493,545)

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Debt Markets, Emerging Markets, Banks & Banking Reform, Access to Finance, Mutual Funds

Capital Inflows, Equity Issuance Activity, and Corporate Investment

World Bank Policy Research Working Paper No. 8405
Number of pages: 59 Posted: 16 Apr 2018 Last Revised: 22 Nov 2018
Charles W. Calomiris, Mauricio Larrain and Sergio L. Schmukler
Columbia University - Columbia Business School, Columbia University and World Bank - Development Research Group (DECRG)
Downloads 69 (642,811)
Citation 2

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Capital Markets and Capital Flows, Securities Markets Policy & Regulation, Capital Flows, International Trade and Trade Rules, Mutual Funds, Non Bank Financial Institutions, Investment and Investment Climate, Fiscal & Monetary Policy, Consumption

Capital Inflows, Equity Issuance Activity, and Corporate Investment

NBER Working Paper No. w24433
Number of pages: 55 Posted: 26 Mar 2018 Last Revised: 06 Apr 2023
Charles W. Calomiris, Mauricio Larrain and Sergio L. Schmukler
Columbia University - Columbia Business School, Columbia University and World Bank - Development Research Group (DECRG)
Downloads 34 (876,207)
Citation 9

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76.

Financial Development in Latin America and the Caribbean: Stylized Facts and the Road Ahead

World Bank Policy Research Working Paper No. 6582
Number of pages: 61 Posted: 20 Apr 2016
Tatiana Didier and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 102 (500,272)
Citation 1

Abstract:

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Debt Markets, Emerging Markets, Banks & Banking Reform, Access to Finance, Mutual Funds

77.

Institutional Investors and Long-Term Investment: Evidence from Chile

World Bank Policy Research Working Paper No. 6922
Number of pages: 65 Posted: 20 Apr 2016
Claudio E. Raddatz and Sergio L. Schmukler
University of Chile, School of Economics and Business and World Bank - Development Research Group (DECRG)
Downloads 101 (503,725)

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Debt Markets, Mutual Funds, Emerging Markets, Deposit Insurance, Non Bank Financial Institutions

78.

Mutual Fund Investment in Emerging Markets - an Overview

World Bank Policy Research Working Paper No. 2529
Number of pages: 44 Posted: 29 Sep 2017
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
George Washington University - Department of Economics, University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 98 (513,917)
Citation 1

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Financial Intermediation, Infrastructure Finance, Economic Theory & Research, International Terrorism & Counterterrorism

79.

Corporate Borrowing and Debt Maturity: The Effects of Market Access and Crises

World Bank Policy Research Working Paper No. 7815
Number of pages: 59 Posted: 07 Oct 2016 Last Revised: 24 Aug 2018
World Bank, World Bank, World Bank - Development Research Group (DECRG) and World Bank
Downloads 94 (528,093)
Citation 1

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Financial Regulation & Supervision, Financial Sector Policy, Securities Markets Policy & Regulation, Capital Markets and Capital Flows, Capital Flows, Consumption, Fiscal & Monetary Policy, International Trade and Trade Rules

80.

Capital Market Financing and Firm Growth

Policy Research Working Paper 9337
Number of pages: 63 Posted: 15 Sep 2020
World Bank, affiliation not provided to SSRN, World Bank and World Bank - Development Research Group (DECRG)
Downloads 90 (542,907)
Citation 2

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bond markets, capital market development, capital raising, equity markets, financial structure, firm dynamics, firm financing, firm size

81.

Financial Integration in East Asia and Pacific: Regional and Interregional Linkages

World Bank Research and Policy Briefs No. 126031
Number of pages: 4 Posted: 27 Sep 2018 Last Revised: 27 Apr 2020
Ruth Llovet Montanes and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 89 (546,731)

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International Trade and Trade Rules, Private Sector Development Law, Marketing, Private Sector Economics, Urban Solid Waste Management, Treaties, International Law, Legal Reform, Legal Products, Regulatory Regimes, Social Policy, Judicial System Reform, Legislation, Macroeconomic Management

Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses

World Bank Policy Research Working Paper No. 8890
Number of pages: 74 Posted: 06 Aug 2019
Columbia University - Columbia Business School, Columbia University, World Bank - Development Research Group (DECRG) and George Washington University
Downloads 60 (691,709)
Citation 1

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International Trade and Trade Rules, Mutual Funds, Capital Flows, Capital Markets and Capital Flows, Non Bank Financial Institutions, Public Sector Economics, Public Finance Decentralization and Poverty Reduction, Commodity Risk Management

Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses

NBER Working Paper No. w25979
Number of pages: 73 Posted: 26 Jun 2019 Last Revised: 26 Jun 2023
Columbia University - Columbia Business School, Columbia University, World Bank - Development Research Group (DECRG) and George Washington University
Downloads 25 (961,431)

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83.

Firm Financing and Growth in the Arab Region

World Bank Policy Research Working Paper No. 7756
Number of pages: 41 Posted: 20 Jul 2016 Last Revised: 27 Apr 2018
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 83 (570,413)

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Industrial Economics, Economic Growth, Economic Theory & Research, Securities Markets Policy & Regulation, Capital Flows, Capital Markets and Capital Flows, International Trade and Trade Rules, Energy Demand, Energy and Mining, Energy and Environment

84.

International Financial Integration of East Asia and Pacific

World Bank Policy Research Working Paper No. 7772
Number of pages: 44 Posted: 28 Jul 2016 Last Revised: 27 Apr 2018
World Bank, World Bank, World Bank - Development Research Group (DECRG) and World Bank
Downloads 82 (574,537)
Citation 2

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International Trade and Trade Rules, Private Sector Development Law, Marketing, Private Sector Economics, Urban Solid Waste Management, Macroeconomic Management, Investment and Investment Climate

85.

A New Role for Development Banks?

World Bank Research and Policy Briefs No. 120691
Number of pages: 4 Posted: 17 Sep 2018 Last Revised: 29 Mar 2019
Facundo Abraham and Sergio L. Schmukler
Independent and World Bank - Development Research Group (DECRG)
Downloads 81 (578,705)

Abstract:

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Governance Diagnostic Capacity Building, Economic Theory & Research, Industrial Economics, Banks & Banking Reform, Food Security, Economic Forecasting, Economic Growth, Macroeconomic Management, Access to Finance

86.

Financial Development: Maturing and Emerging Policy Issues

The World Bank Research Observer, Volume 22, Issue 1, Spring 2007: pp. 67-102
Number of pages: 36 Posted: 08 Nov 2012 Last Revised: 03 Jan 2013
Augusto de la Torre, Juan Carlos Gozzi and Sergio L. Schmukler
Columbia University, SIPA, Independent and World Bank - Development Research Group (DECRG)
Downloads 79 (587,167)

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financial development, financial stability, financial crises, financial sector reform, financial globalization, access to finance, Latin America

87.

Global Corporate Debt During Crises: Implications of Switching Borrowing Across Markets

World Bank Policy Research Working Paper No. 9142
Number of pages: 63 Posted: 07 Feb 2020 Last Revised: 08 Feb 2020
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 76 (599,969)
Citation 1

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88.

Corporate Borrowing in Emerging Markets: Fairly Long Term, But Only for a Few

World Bank Research and Policy Briefs No. 130976
Number of pages: 4 Posted: 19 Oct 2018 Last Revised: 29 Mar 2019
Juan Jose Cortina Lorente, Tatiana Didier and Sergio L. Schmukler
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 75 (604,405)

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Capital Markets and Capital Flows, Capital Flows, Economic Conditions and Volatility, Macroeconomic Management, International Trade and Trade Rules, Economic Growth

Internationalization and Stock Market Liquidity

NBER Working Paper No. w11894
Number of pages: 49 Posted: 05 Feb 2006 Last Revised: 03 Jul 2022
Ross Levine and Sergio L. Schmukler
Stanford University and World Bank - Development Research Group (DECRG)
Downloads 71 (632,769)
Citation 2

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Internationalization and Stock Market Liquidity

Review of Finance, Vol. 10, Issue 1, pp. 153-187, 2006
Posted: 01 Sep 2008
Ross Levine and Sergio L. Schmukler
Stanford University and World Bank - Development Research Group (DECRG)

Abstract:

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90.

Financing Firms in Hibernation During the COVID-19 Pandemic

World Bank Research and Policy Briefs No. 147598
Number of pages: 7 Posted: 28 Apr 2020
World Bank, Yale University, Columbia University and World Bank - Development Research Group (DECRG)
Downloads 65 (652,340)
Citation 1

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Financial Crisis Management & Restructuring, Health Care Services Industry, Public Health Promotion, Financial Structures, Energy and Environment, Energy Demand, Energy and Mining

91.

Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?

NBER Working Paper No. w5714
Number of pages: 44 Posted: 04 Aug 2000 Last Revised: 14 Aug 2022
Jeffrey A. Frankel and Sergio L. Schmukler
Harvard University - Harvard Kennedy School (HKS) and World Bank - Development Research Group (DECRG)
Downloads 63 (662,737)

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92.

Coping with Risks Through Mismatches: Domestic and International Financial Contracts for Emerging Economies

International Finance, Winter 2004, Vol. 7, Issue 3, pp. 349-390, DOI: 10.1111/j.1367-0271.2004.00142
Number of pages: 42 Posted: 08 Nov 2012 Last Revised: 03 Jan 2013
Augusto de la Torre and Sergio L. Schmukler
Columbia University, SIPA and World Bank - Development Research Group (DECRG)
Downloads 57 (695,017)

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currency mismatch, dollarization, financial crises, emerging markets finance, financial development, maturity mismatch, risk management

93.

Verifiability and the Vanishing Intermediate Exchange Rate Regime

NBER Working Paper No. w7901
Number of pages: 74 Posted: 16 Sep 2000 Last Revised: 05 Aug 2022
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI
Downloads 50 (736,865)
Citation 3

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94.

The Changing Patterns of Financial Integration in Latin America

World Bank Policy Research Working Paper No. 7190
Number of pages: 48 Posted: 10 Jan 2017
Tatiana Didier, Matias Moretti and Sergio L. Schmukler
World Bank, affiliation not provided to SSRN and World Bank - Development Research Group (DECRG)
Downloads 46 (762,704)

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Capital Markets and Capital Flows, Capital Flows, International Trade and Trade Rules

95.

Capital Market Financing, Firm Growth, Firm Size Distribution

NBER Working Paper No. w20336
Number of pages: 53 Posted: 28 Jul 2014 Last Revised: 25 Jan 2023
Tatiana Didier, Ross Levine and Sergio L. Schmukler
World Bank, Stanford University and World Bank - Development Research Group (DECRG)
Downloads 39 (812,540)

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96.

Global Transmission of Interest Rates: Monetary Independence and the Currency Regime

World Bank Policy Research Working Paper No. 2424
Number of pages: 40 Posted: 29 Sep 2017
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI
Downloads 33 (860,729)

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Macroeconomic Management, Environmental Economics & Policies, Economic Stabilization, Economic Theory & Research, Fiscal & Monetary Policy, Insurance & Risk Mitigation, Payment Systems & Infrastructure

97.

The Internationalization of China's Equity Markets

IMF Working Paper No. 2023/026
Number of pages: 62 Posted: 23 Feb 2023
World Bank, World Bank - Development Research Group (DECRG), University of Notre Dame - Department of Economics and International Monetary Fund (IMF)
Downloads 31 (877,801)

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equity financing, equity market liberalization, firm investment, foreign investors, international investors, issuance activity, Stock Connect, portfolio holding, internationalization process, unconnected firm, China's equity markets, Stock markets, Stocks, Foreign corporations, Emerging and frontier financial markets, Market capitalization, Global

98.

Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres

Number of pages: 42 Posted: 09 May 2002
Stijn Claessens, Daniela Klingebiel and Sergio L. Schmukler
Bank for International Settlements (BIS), World Bank - Policy Unit and World Bank - Development Research Group (DECRG)
Downloads 31 (877,801)
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Stock exchange development, trading migration, emerging economies, cross-listing, ADRs, GDRs, internationalization of financial mark

99.

The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk

NBER Working Paper No. w29774
Number of pages: 47 Posted: 25 Feb 2022 Last Revised: 10 May 2023
Central Bank of Chile, Ohio State University (OSU) - Economics, Columbia University, World Bank - Development Research Group (DECRG) and Financial Market Commission of Chile
Downloads 22 (962,685)

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100.

The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk

CEPR Discussion Paper No. DP17061
Number of pages: 76 Posted: 02 Apr 2022
Yale University, Ohio State University (OSU) - Economics, Columbia University, World Bank - Development Research Group (DECRG) and Financial Market Commission of Chile
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Citation 1
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Bank credit demand, bank credit supply, COVID-19, Crises, debt, firm risk, Macroeconomic Risk, public credit guarantees

101.

Corporate Borrowing and Debt Maturity: The Effects of Market Access and Crises

CEPR Discussion Paper No. DP13008
Number of pages: 60 Posted: 26 Jun 2018
Juan Jose Cortina Lorente, Tatiana Didier and Sergio L. Schmukler
World Bank, World Bank and World Bank - Development Research Group (DECRG)
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borrowing maturity, capital raising, corporate bonds, debt markets, firm financing, global financial crisis (GFC), syndicated loans

102.

Verifiability: A Rationale for the Failure of Intermediate Exchange Rate Regimes

Journal of Development Economics, Vol. 62, No. 2, 2001
Posted: 21 Jun 2013
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and CEMFI

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exchange rate regimes, corners, basket peg, band, target zone, verifiability, transparency, Chile

103.

Vanishing Financial Contagion?

Journal of Policy Modeling, Vol. 30, No. 5, 2008
Posted: 19 Mar 2009
Tatiana Didier, Paolo Mauro and Sergio L. Schmukler
World Bank, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)

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Crises, International Financial Integration, International Transmission of Shocks

104.

Short-Run Pain, Long-Run Gain: Financial Liberalization and Stock Market Cycles

Review of Finance, Vol. 12, No. 2, pp. 253-292, 2008
Posted: 14 Jul 2008
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)

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F30, F36, G12, G15

105.

Market Discipline in Emerging Economies: Beyond Bank Fundamentals

UTDT - CIF Working Paper No. 1/2004
Posted: 28 Jun 2004
Universidad Torcuato Di Tella - School of Business, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)

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Market discipline, emerging markets, banking crises

106.

Pricing Currency Risk Under Currency Boards

Posted: 19 Feb 2003
Sergio L. Schmukler and Luis Servén
World Bank - Development Research Group (DECRG) and CEMFI

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Currency risk, Currency premium, Forward discount, Currency board, Term structure, Covered interest parity, Market segmentation, Financial crises

107.

Emerging Market Instability: Do Sovereign Ratings Affect Country Risk and Stock Returns?

World Bank Economic Review, Vol. 16, No. 2, pp. 171-195, 2002
Posted: 21 Jan 2003 Last Revised: 15 Jul 2011
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)

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credit ratings, credit outlook, emerging markets, country risk, bonds spread, stock returns, financial markets, spillover effects, contagion

108.

Do Depositors Punish Banks for Bad Behavior? Market Discipline, Deposit Insurance, and Banking Crises

Posted: 08 Dec 2000
Maria Soledad Martinez Peria and Sergio L. Schmukler
International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)

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Market discipline, banking, banking crises, deposit insurance

109.

What Triggers Market Jitters; a Chronicle of the Asian Crisis

Journal of International Money and Finance, Vol. 18, pp. 537-560, 1999
Posted: 26 Apr 1999
Graciela Kaminsky and Sergio L. Schmukler
George Washington University - Department of Economics and World Bank - Development Research Group (DECRG)

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