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

99

DOWNLOADS
Rank 1,266

SSRN RANKINGS

Top 1,266

in Total Papers Downloads

21,496

CITATIONS
Rank 349

SSRN RANKINGS

Top 349

in Total Papers Citations

1,232

Scholarly Papers (99)

Mutual Fund Investment in Emerging Markets: An Overview

World Bank Policy Research Working Paper No. 2529
Number of pages: 37 Posted: 05 Jun 2001
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 1,773 (8,468)
Citation 35

Abstract:

Loading...

Mutual Fund Investment in Emerging Markets: An Overview

World Bank Economic Review, Vol, 15, No. 2, August 2001
Posted: 07 May 2002
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

Globalization and Firms' Financing Choices: Evidence from Emerging Economies

World Bank Policy Research Working Paper No. 2323; 3rd Annual Fin. Mkt. Dev. Conf., Hong Kong 2001; William Davidson Institute Working Paper No. 388
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 1,070 (18,774)
Citation 6

Abstract:

Loading...

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 111 (243,417)
Citation 6

Abstract:

Loading...

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

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

World Bank Policy Research Working Paper No. 2678
Number of pages: 40 Posted: 25 Jan 2002
Graciela Kaminsky and Sergio L. Schmukler
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 960 (22,054)
Citation 49

Abstract:

Loading...

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 19 (535,501)
Citation 48

Abstract:

Loading...

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

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 455 (60,477)
Citation 57

Abstract:

Loading...

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 386 (73,723)
Citation 57

Abstract:

Loading...

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 (504,202)
Citation 57
  • Add to Cart

Abstract:

Loading...

Financial integration, capital flows, China, India, world economy

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, School of International & Public Affairs (SIPA), Students, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 697 (34,634)

Abstract:

Loading...

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, School of International & Public Affairs (SIPA), Students, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 115 (237,339)

Abstract:

Loading...

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

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

World Bank Policy Research Working Paper No. 2399
Number of pages: 37 Posted: 14 Aug 2000
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 573 (45,044)
Citation 50

Abstract:

Loading...

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: 02 Apr 2001
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 57 (364,303)
Citation 50

Abstract:

Loading...

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
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 11 (587,357)
Citation 49

Abstract:

Loading...

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

Journal of International Economics, Vol. 64, No. 1, pp. 113-134, October 2004
Posted: 10 Dec 2004
Graciela Kaminsky, Richard K. Lyons and Sergio L. Schmukler
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

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

World Bank Working Paper No. 2912; IMF Working Paper No. 0334
Number of pages: 67 Posted: 10 Apr 2003
Graciela Kaminsky and Sergio L. Schmukler
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 301 (98,056)
Citation 107

Abstract:

Loading...

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

NBER Working Paper No. w9787
Number of pages: 63 Posted: 23 Jun 2003
Graciela Kaminsky and Sergio L. Schmukler
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 187 (158,507)
Citation 107

Abstract:

Loading...

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 136 (208,362)
Citation 107

Abstract:

Loading...

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

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, School of International & Public Affairs (SIPA), Students, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 445 (62,136)

Abstract:

Loading...

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, School of International & Public Affairs (SIPA), Students, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 173 (170,088)

Abstract:

Loading...

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

9.

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 590 (43,975)
Citation 22

Abstract:

Loading...

10.

What Triggers Market Jitters? A Chronicle of the Asian Crisis

World Bank Policy Research Working Paper No. 2094
Number of pages: 40 Posted: 24 Apr 1999
Graciela Kaminsky and Sergio L. Schmukler
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 563 (46,706)
Citation 91

Abstract:

Loading...

11.

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

World Bank Policy Research Working Paper No. 1951
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 547 (48,451)
Citation 11

Abstract:

Loading...

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

World Bank Policy Research Working Paper No. 2980
Number of pages: 55 Posted: 18 Feb 2003
Columbia University, School of International & Public Affairs (SIPA), Students, Universidad Torcuato Di Tella - School of Business and World Bank - Development Research Group (DECRG)
Downloads 514 (51,804)

Abstract:

Loading...

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, School of International & Public Affairs (SIPA), Students, Universidad Torcuato Di Tella - School of Business and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

13.
Downloads 503 ( 53,841)
Citation 3

Crisis and Contagion in East Asia: Nine Lessons

World Bank Policy Research Working Paper No. 2610
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 495 (54,339)
Citation 3

Abstract:

Loading...

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 8 (607,367)
Citation 3

Abstract:

Loading...

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

14.

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 478 (57,485)
Citation 29

Abstract:

Loading...

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

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

World Bank Policy Research Paper No. 2259
Number of pages: 33 Posted: 15 Nov 1999
Daniel Kaufmann, Gil Mehrez and Sergio L. Schmukler
Natural Resource Governance Institute (NRGI), International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 357 (80,795)
Citation 13

Abstract:

Loading...

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

Journal of International Money and Finance, Forthcoming
Number of pages: 33 Posted: 15 Jan 2004
Daniel Kaufmann, Gil Mehrez and Sergio L. Schmukler
Natural Resource Governance Institute (NRGI), International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 121 (228,394)
Citation 13

Abstract:

Loading...

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

16.
Downloads 466 ( 59,326)
Citation 2

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 250 (119,443)

Abstract:

Loading...

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 216 (138,291)
Citation 2

Abstract:

Loading...

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

17.

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, School of International & Public Affairs (SIPA), Students, Board of Governors of the Federal Reserve and World Bank - Development Research Group (DECRG)
Downloads 447 (62,406)
Citation 1

Abstract:

Loading...

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

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 285 (103,977)
Citation 15

Abstract:

Loading...

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 154 (188,100)
Citation 15

Abstract:

Loading...

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 (643,986)
Citation 15
  • Add to Cart

Abstract:

Loading...

Access to capital markets, globalization of financial markets, international financial integration, internationalization

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, University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 359 (80,284)
Citation 58

Abstract:

Loading...

Internationalization and the Evolution of Corporate Valuation

NBER Working Paper No. w11023
Number of pages: 49 Posted: 01 Feb 2005 Last Revised: 16 Aug 2010
Ross Levine and Sergio L. Schmukler
University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 42 (417,137)
Citation 58

Abstract:

Loading...

20.

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

World Bank Policy Research Working Paper No. 3440
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 397 (71,984)
Citation 8

Abstract:

Loading...

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

21.
Downloads 396 ( 72,205)
Citation 53

Why Do Emerging Economies Borrow Short Term?

World Bank Policy Research Working Paper No. 3389
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 216 (138,291)
Citation 53

Abstract:

Loading...

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 138 (205,918)
Citation 53

Abstract:

Loading...

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 2010
Fernando Broner, Guido Lorenzoni and Sergio L. Schmukler
CREI, Northwestern University and World Bank - Development Research Group (DECRG)
Downloads 38 (433,602)
Citation 53

Abstract:

Loading...

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 (635,419)
Citation 53
  • Add to Cart

Abstract:

Loading...

emerging market debt, financial crises, investor risk aversion, maturity structure, risk premium, term premium

22.

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 393 (72,806)
Citation 2

Abstract:

Loading...

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

Global Transmission of Interest Rates: Monetary Independence and Currency Regime

World Bank Policy Research Working Paper No. 2424
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 World Bank - Development Research Group (DECRG)
Downloads 300 (98,385)
Citation 59

Abstract:

Loading...

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: 26 Oct 2010
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and World Bank - Development Research Group (DECRG)
Downloads 43 (413,210)
Citation 59

Abstract:

Loading...

Global Transmission of Interest Rates: Monetary Independence and Currency Regime

Journal of International Money & Finance, Vol. 23, No. 5, pp. 701-733, 2004
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 World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

24.

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

World Bank Policy Research Paper No. 2058
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 318 (92,818)

Abstract:

Loading...

25.

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, School of International & Public Affairs (SIPA), Students, Board of Governors of the Federal Reserve and World Bank - Development Research Group (DECRG)
Downloads 298 (99,599)
Citation 2

Abstract:

Loading...

stock market development; bond market development; capital market

26.

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 291 (102,215)

Abstract:

Loading...

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

27.

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, School of International & Public Affairs (SIPA), Students, Board of Governors of the Federal Reserve and World Bank - Development Research Group (DECRG)
Downloads 266 (112,408)

Abstract:

Loading...

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

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

World Bank Policy Research Working Paper No. 3046
Number of pages: 41 Posted: 26 May 2003
Ross Levine and Sergio L. Schmukler
University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 241 (123,966)
Citation 43

Abstract:

Loading...

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
Ross Levine and Sergio L. Schmukler
University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 22 (516,529)
Citation 42

Abstract:

Loading...

Pricing Currency Risk: Facts and Puzzles from Currency Boards

World Bank Policy Research Working Paper No. 2815
Number of pages: 77 Posted: 11 Dec 2001
Sergio L. Schmukler and Luis Servén
World Bank - Development Research Group (DECRG) and World Bank - Development Research Group (DECRG)
Downloads 225 (132,871)
Citation 7

Abstract:

Loading...

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: 28 Oct 2010
Sergio L. Schmukler and Luis Servén
World Bank - Development Research Group (DECRG) and World Bank - Development Research Group (DECRG)
Downloads 38 (433,602)
Citation 7

Abstract:

Loading...

30.

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

World Bank Policy Research Working Paper No. 2986
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 261 (114,698)
Citation 30

Abstract:

Loading...

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

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

World Bank Policy Research Working Paper No. 2660
Number of pages: 46 Posted: 10 Jul 2001
Graciela Kaminsky and Sergio L. Schmukler
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 219 (136,398)
Citation 8

Abstract:

Loading...

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)
Downloads 11 (587,357)
Citation 8

Abstract:

Loading...

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

Financial Globalization: Unequal Blessings

World Bank Policy Research Working Paper No. 2903
Number of pages: 20 Posted: 29 Nov 2002
Columbia University, School of International & Public Affairs (SIPA), Students, Universidad Torcuato Di Tella - School of Business and World Bank - Development Research Group (DECRG)
Downloads 228 (131,125)

Abstract:

Loading...

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

Financial Globalization: Unequal Blessings

International Finance, Vol. 5, No. 3, pp. 335-357, 2002
Posted: 16 Jun 2004
Universidad Torcuato Di Tella - School of Business, Columbia University, School of International & Public Affairs (SIPA), Students and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

33.

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
Central Bank of Chile and World Bank - Development Research Group (DECRG)
Downloads 224 (133,884)
Citation 5

Abstract:

Loading...

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

34.

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 221 (135,599)

Abstract:

Loading...

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

35.

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 and Columbia University, School of International & Public Affairs (SIPA), Students
Downloads 178 (165,691)

Abstract:

Loading...

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

36.

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

World Bank Working Paper No. 3212
Number of pages: 41 Posted: 15 Jan 2004
Augusto de la Torre and Sergio L. Schmukler
Columbia University, School of International & Public Affairs (SIPA), Students and World Bank - Development Research Group (DECRG)
Downloads 178 (165,691)

Abstract:

Loading...

Currency mismatch, maturity mismatch, dollarization, financial development

International Asset Allocations and Capital Flows: The Benchmark Effect

HKIMR Working Paper No.04/2015
Number of pages: 67 Posted: 17 Feb 2015
Claudio E. Raddatz, Sergio L. Schmukler and Tomás Williams
Central Bank of Chile, World Bank - Development Research Group (DECRG) and George Washington University - Department of Economics
Downloads 89 (282,955)

Abstract:

Loading...

Benchmark Indexes, Contagion, Coordination Mechanism, ETFs, International Asset Prices, International Portfolio Flows, Mutual Funds

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
Central Bank of Chile, World Bank - Development Research Group (DECRG) and George Washington University - Department of Economics
Downloads 86 (289,193)

Abstract:

Loading...

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

38.

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 World Bank - Development Research Group (DECRG)
Downloads 173 (170,006)
Citation 2

Abstract:

Loading...

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

39.
Downloads 168 (174,407)
Citation 15

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, European Stability Mechanism and World Bank - Development Research Group (DECRG)
Downloads 88 (285,003)
Citation 15

Abstract:

Loading...

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, European Stability Mechanism and World Bank - Development Research Group (DECRG)
Downloads 76 (311,869)
Citation 15

Abstract:

Loading...

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, European Stability Mechanism and World Bank - Development Research Group (DECRG)
Downloads 4 (635,419)
Citation 15
  • Add to Cart

Abstract:

Loading...

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

40.

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 151 (190,909)
Citation 16

Abstract:

Loading...

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

41.

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
Central Bank of Chile and World Bank - Development Research Group (DECRG)
Downloads 142 (200,692)
Citation 1

Abstract:

Loading...

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

42.

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

World Bank Policy Research Working Paper No. 2058
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 138 (205,328)

Abstract:

Loading...

43.

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

FRB International Finance Discussion Paper No. 563
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 131 (214,140)
Citation 45

Abstract:

Loading...

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 84 (293,547)

Abstract:

Loading...

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 42 (417,137)

Abstract:

Loading...

financial globalization, emerging economies, diversification, offshoring

45.

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 124 (223,289)

Abstract:

Loading...

46.

Distributional Effects of Crises: The Role of Financial Transfers

World Bank Policy Research Working Paper No. 3173
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 120 (228,882)
Citation 16

Abstract:

Loading...

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

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, University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 77 (309,460)

Abstract:

Loading...

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

Capital Market Financing, Firm Growth, and Firm Size Distribution

HKIMR Working Paper No.17/2015
Number of pages: 48 Posted: 01 Sep 2015
Tatiana Didier, Ross Levine and Sergio L. Schmukler
World Bank, University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 39 (429,248)

Abstract:

Loading...

Access to Finance, Bond Markets, Capital Market Development, Capital Raisings, Firm Dynamics, Firm Financing, Stock Markets

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, University of California, Berkeley - Haas School of Business, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 96 (269,364)
Citation 1

Abstract:

Loading...

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
Independent, University of California, Berkeley - Haas School of Business, International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)
Downloads 20 (529,079)
Citation 1

Abstract:

Loading...

49.

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 114 (237,666)
Citation 28

Abstract:

Loading...

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 World Bank - Development Research Group (DECRG)
Downloads 114 (238,866)
Citation 10

Abstract:

Loading...

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

Verifying Exchange Rate Regimes

Journal of Development Economics, Vol. 66, No. 2, December 2001
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)

Abstract:

Loading...

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

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

World Bank Policy Research Working Paper No. 3146
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 106 (251,572)
Citation 2

Abstract:

Loading...

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:

Loading...

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

52.

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 105 (251,861)
Citation 9

Abstract:

Loading...

financial integration, globalization, mutual funds, risk diversification

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 83 (295,686)
Citation 7

Abstract:

Loading...

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
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 21 (522,846)
Citation 7

Abstract:

Loading...

54.
Downloads 103 (255,235)
Citation 17

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, University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 86 (289,193)
Citation 17

Abstract:

Loading...

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: 04 Jul 2010
Juan Carlos Gozzi, Ross Levine and Sergio L. Schmukler
Board of Governors of the Federal Reserve, University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 17 (548,266)
Citation 17

Abstract:

Loading...

55.

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 98 (263,864)

Abstract:

Loading...

Capital Flows, Capital Markets and Capital Flows

56.

Addressing the SME Finance Problem

World Bank Research and Policy Briefs No. 120333
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 86 (286,720)

Abstract:

Loading...

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

57.

Robo-Advisors: Investing Through Machines

World Bank Research and Policy Briefs No. 134881
Number of pages: 4 Posted: 26 Mar 2019 Last Revised: 29 Mar 2019
Facundo Abraham, Sergio L. Schmukler and José Tessada
World Bank, World Bank - Development Research Group (DECRG) and Business School, Pontificia Universidad Católica
Downloads 81 (297,348)

Abstract:

Loading...

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

58.

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, School of International & Public Affairs (SIPA), Students, World Bank and World Bank - Development Research Group (DECRG)
Downloads 81 (297,348)

Abstract:

Loading...

59.

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 80 (299,496)

Abstract:

Loading...

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

60.

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, Central Bank of Chile and World Bank - Development Research Group (DECRG)
Downloads 65 (336,297)
Citation 1

Abstract:

Loading...

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

61.

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
Central Bank of Chile and World Bank - Development Research Group (DECRG)
Downloads 62 (344,459)

Abstract:

Loading...

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

62.

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 affiliation not provided to SSRN
Downloads 60 (350,108)

Abstract:

Loading...

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

63.

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 affiliation not provided to SSRN
Downloads 56 (362,063)

Abstract:

Loading...

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

64.

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 56 (362,063)

Abstract:

Loading...

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

65.

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 55 (365,164)

Abstract:

Loading...

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

66.

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 affiliation not provided to SSRN
Downloads 52 (374,591)

Abstract:

Loading...

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

67.

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, School of International & Public Affairs (SIPA), Students, World Bank, World Bank, World Bank - Latin America and Caribbean Region and World Bank - Development Research Group (DECRG)
Downloads 52 (374,591)

Abstract:

Loading...

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

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
Central Bank of Chile and World Bank - Development Research Group (DECRG)
Downloads 34 (451,067)
Citation 2

Abstract:

Loading...

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
Claudio E. Raddatz and Sergio L. Schmukler
Central Bank of Chile and World Bank - Development Research Group (DECRG)
Downloads 16 (554,600)
Citation 2

Abstract:

Loading...

69.

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 48 (387,875)

Abstract:

Loading...

benchmark indexes, corporate bonds, corporate financing, emerging markets

70.

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: 03 Oct 2010
Jeffrey A. Frankel and Sergio L. Schmukler
Harvard University - Harvard Kennedy School (HKS) and World Bank - Development Research Group (DECRG)
Downloads 44 (401,713)
Citation 56

Abstract:

Loading...

Internationalization and Stock Market Liquidity

NBER Working Paper No. w11894
Number of pages: 49 Posted: 05 Feb 2006 Last Revised: 03 Jul 2010
Ross Levine and Sergio L. Schmukler
University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 39 (429,248)
Citation 34

Abstract:

Loading...

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
University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

72.

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 38 (424,376)

Abstract:

Loading...

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

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

CEPR Discussion Paper No. 3789
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 (480,964)
Citation 31
  • Add to Cart

Abstract:

Loading...

Government debt, government bond markets, sovereign bonds, foreign currency debt, currency structure

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 10 (594,033)
Citation 30

Abstract:

Loading...

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

74.

Debt Markets in Emerging Economies: Major Trends

HKIMR Working Paper No.17/2014
Number of pages: 31 Posted: 22 Jul 2014
Tatiana Didier and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 32 (449,208)

Abstract:

Loading...

Financial Development, Banks, Bond Markets, Institutional Investors

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 26 (492,210)

Abstract:

Loading...

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
Charles W. Calomiris, Mauricio Larrain and Sergio L. Schmukler
Columbia University - Columbia Business School, Columbia University and World Bank - Development Research Group (DECRG)
Downloads 5 (627,993)
  • Add to Cart

Abstract:

Loading...

76.

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

CEPR Discussion Paper No. 3301
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 (453,848)
Citation 29
  • Add to Cart

Abstract:

Loading...

Stock exchange development, trading migration, emerging economies, cross-listing, ADRs, GDRs, internationalization of financial mark

77.

Verifiability and the Vanishing Intermediate Exchange Rate Regime

NBER Working Paper No. w7901
Number of pages: 74 Posted: 16 Sep 2000 Last Revised: 19 Oct 2010
Jeffrey A. Frankel, Sergio L. Schmukler and Luis Servén
Harvard University - Harvard Kennedy School (HKS), World Bank - Development Research Group (DECRG) and World Bank - Development Research Group (DECRG)
Downloads 31 (453,848)
Citation 25

Abstract:

Loading...

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
National Bureau of Economic Research (NBER), University of California, Berkeley and World Bank - Development Research Group (DECRG)
Downloads 29 (463,231)
Citation 35

Abstract:

Loading...

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

79.

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: 29 Mar 2019
Ruth Llovet Montanes and Sergio L. Schmukler
World Bank and World Bank - Development Research Group (DECRG)
Downloads 26 (478,374)

Abstract:

Loading...

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

80.

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 26 (478,374)

Abstract:

Loading...

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

81.

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, School of International & Public Affairs (SIPA), Students, Independent and World Bank - Development Research Group (DECRG)
Downloads 23 (494,678)

Abstract:

Loading...

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

82.

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

Review of International Economics, Vol. 15, No. 2, pp. 370-413, May 2007
Number of pages: 44 Posted: 02 May 2007
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 22 (500,346)
Citation 30
  • Add to Cart

Abstract:

Loading...

83.

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: 29 Mar 2019
Facundo Abraham and Sergio L. Schmukler
Independent and World Bank - Development Research Group (DECRG)
Downloads 21 (506,032)

Abstract:

Loading...

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

84.

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, School of International & Public Affairs (SIPA), Students and World Bank - Development Research Group (DECRG)
Downloads 21 (506,032)

Abstract:

Loading...

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

85.

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
World Bank, affiliation not provided to SSRN and World Bank - Development Research Group (DECRG)
Downloads 18 (523,221)

Abstract:

Loading...

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

86.

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 15 (540,433)

Abstract:

Loading...

87.

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 14 (546,291)

Abstract:

Loading...

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

88.

Capital Market Financing, Firm Growth, Firm Size Distribution

NBER Working Paper No. w20336
Number of pages: 53 Posted: 28 Jul 2014
Tatiana Didier, Ross Levine and Sergio L. Schmukler
World Bank, University of California, Berkeley - Haas School of Business and World Bank - Development Research Group (DECRG)
Downloads 13 (552,249)

Abstract:

Loading...

89.

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 World Bank - Development Research Group (DECRG)
Downloads 6 (594,645)
Citation 51

Abstract:

Loading...

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

90.

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

The World Economy, Vol. 41, Issue 12, pp. 3288-3316, 2018
Number of pages: 29 Posted: 18 Dec 2018
Juan J. Cortina, Tatiana Didier and Sergio L. Schmukler
World Bank, World Bank and World Bank - Development Research Group (DECRG)
Downloads 0 (655,519)
  • Add to Cart

Abstract:

Loading...

capital raising, corporate bonds, developing countries, domestic and international debt markets, firm financing, issuance maturity, long‐term debt, short‐term debt, syndicated loans

91.

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)
Downloads 0 (655,519)
  • Add to Cart

Abstract:

Loading...

borrowing maturity, capital raising, corporate bonds, debt markets, firm financing, global financial crisis (GFC), syndicated loans

92.

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 World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

93.

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)

Abstract:

Loading...

Crises, International Financial Integration, International Transmission of Shocks

94.

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

F30, F36, G12, G15

95.

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)

Abstract:

Loading...

Market discipline, emerging markets, banking crises

96.

Pricing Currency Risk Under Currency Boards

Journal of Development Economics, Vol. 69, No. 2
Posted: 19 Feb 2003
Sergio L. Schmukler and Luis Servén
World Bank - Development Research Group (DECRG) and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

97.

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

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

98.

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

Journal of Finance, Vol. 56, No. 3, June 2001
Posted: 08 Dec 2000
Maria Soledad Martinez Peria and Sergio L. Schmukler
International Monetary Fund (IMF) and World Bank - Development Research Group (DECRG)

Abstract:

Loading...

Market discipline, banking, banking crises, deposit insurance

99.

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
National Bureau of Economic Research (NBER) and World Bank - Development Research Group (DECRG)

Abstract:

Loading...