Author Page for Guillermo A. Calvo

Inflation Stabilization and Bop Crises in Developing Countries

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Citation 25

2

Inflation Stabilization and Bop Crises in Developing Countries

Number of pages: 89 Posted: 09 Jun 1998

Guillermo A. Calvo and Carlos A. Vegh

Columbia University - School of International & Public Affairs (SIPA) and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)

Downloads 1,802 (10,884)

Citation 4

Abstract:

Inflation Stabilization and Bop Crises in Developing Countries

NBER Working Paper No. w6925

Number of pages: 91 Posted: 12 Sep 2000 Last Revised: 05 Jun 2021

Guillermo A. Calvo and Carlos A. Vegh

Columbia University - School of International & Public Affairs (SIPA) and Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)

Downloads 86 (353,596)

Citation 5

Abstract:

2.

Rational Herd Behavior and the Globalization of Securities Markets

Duke Economics Working Paper No. 97-26

Number of pages: 46 Posted: 13 Aug 1998

Guillermo A. Calvo and Enrique G. Mendoza

Columbia University - School of International & Public Affairs (SIPA) and National Bureau of Economic Research (NBER)

Downloads 1,315 (18,226)

Citation 15

Abstract:

3.

Currency Substitution in Developing Countries: An Introduction

IMF Working Paper No. 92/40

Number of pages: 32 Posted: 15 Feb 2006

Guillermo A. Calvo and Carlos Végh

Columbia University - School of International & Public Affairs (SIPA) and affiliation not provided to SSRN

Downloads 773 (39,135)

Citation 3

Abstract:

4.

The Perils of Sterilization

IMF Working Paper No. 90/13

Number of pages: 10 Posted: 15 Feb 2006

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 544 (61,987)

Citation 2

Abstract:

5.

Varieties of Capital-Market Crises

IDB Working Paper No. 250

Number of pages: 22 Posted: 20 Apr 2011

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 455 (77,257)

Citation 47

Abstract:

6.

Empirical Puzzles of Chilean Stabilization Policy

Number of pages: 40 Posted: 13 May 1998

Guillermo A. Calvo and Enrique G. Mendoza

Columbia University - School of International & Public Affairs (SIPA) and National Bureau of Economic Research (NBER)

Downloads 399 (90,057)

Citation 5

Abstract:

7.

Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors

IMF Working Paper No. 92/62

Number of pages: 66 Posted: 15 Feb 2006

Guillermo A. Calvo, Leonardo Leiderman and Carmen M. Reinhart

Columbia University - School of International & Public Affairs (SIPA), Tel Aviv University - Eitan Berglas School of Economics and Peter G. Peterson Institute for International Economics

Downloads 394 (91,347)

Citation 129

Abstract:

8.

Fear of Floating

NBER Working Paper No. w7993

Number of pages: 64 Posted: 03 Nov 2000 Last Revised: 25 Jun 2001

Guillermo A. Calvo and Carmen M. Reinhart

Columbia University - School of International & Public Affairs (SIPA) and Peter G. Peterson Institute for International Economics

Downloads 227 (163,383)

Citation 30

Abstract:

Fear of Floating

Number of pages: 64 Posted: 08 Dec 2016 Last Revised: 22 Dec 2016

Carmen Reinhart and Guillermo A. Calvo

Harvard University and Columbia University - School of International & Public Affairs (SIPA)

Downloads 127 (270,595)

Citation 176

Abstract:

9.

Phoenix Miracles in Emerging Markets: Recovering without Credit from Systemic Financial Crises

Downloads 248 (150,464)

Citation 7

3

Phoenix Miracles in Emerging Markets: Recovering without Credit from Systemic Financial Crises

BIS Working Paper No. 221

Number of pages: 45 Posted: 20 Sep 2007

Guillermo A. Calvo, Alejandro Izquierdo and Ernesto Talvi

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 182 (200,759)

Citation 9

Abstract:

Phoenix Miracles in Emerging Markets: Recovering Without Credit from Systemic Financial Crises

NBER Working Paper No. w12101

Number of pages: 47 Posted: 14 May 2006 Last Revised: 27 Jul 2010

Guillermo A. Calvo, Alejandro Izquierdo and Ernesto Talvi

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 53 (459,892)

Abstract:

Phoenix Miracles in Emerging Markets: Recovering Without Credit from Systemic Financial Crises

IDB Working Paper No. 475

Number of pages: 42 Posted: 25 Apr 2011

Guillermo A. Calvo, Alejandro Izquierdo and Ernesto Talvi

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 13 (697,313)

Abstract:

10.

Perspectives on Inflation Targeting, Financial Stability and the Global Crisis

BIS Paper No. 51

Number of pages: 40 Posted: 03 May 2010

Mar Gudmundsson, Camilo E. Tovar, Philip Turner, Jose de Gregorio, Guillermo A. Calvo, Michael P. Dooley and Vittorio Corbo

Central Bank of Iceland, International Monetary Fund, Bank for International Settlements (BIS) - Monetary and Economic Department, Central Bank of Chile, Columbia University - School of International & Public Affairs (SIPA), University of California at Santa Cruz and affiliation not provided to SSRN

Downloads 208 (177,973)

Abstract:

11.

Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina&Apos;S Lessons

Downloads 190 (193,292)

Citation 44

2

Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina&Apos;S Lessons

NBER Working Paper No. w9828

Number of pages: 50 Posted: 14 Jul 2003 Last Revised: 10 May 2021

Guillermo A. Calvo, Alejandro Izquierdo and Ernesto Talvi

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 117 (287,625)

Citation 2

Abstract:

Sudden Stops, the Real Exchange Rate and Fiscal Sustainability: Argentina's Lessons

IDB Working Paper No. 393

Number of pages: 49 Posted: 21 Apr 2011

Alejandro Izquierdo, Ernesto Talvi and Guillermo A. Calvo

Inter-American Development Bank (IDB) - Research Department, Centro de Estudios de la Realidad Economica y Social (CERES) and Columbia University - School of International & Public Affairs (SIPA)

Downloads 73 (389,871)

Citation 6

Abstract:

12.

Is Inflation Effective for Liquidating Short-Term Nominal Debt?

IMF Working Paper No. 89/2

Number of pages: 14 Posted: 15 Feb 2006

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 172 (210,882)

Citation 1

Abstract:

13.

Sudden Stop, Financial Factors and Economic Collpase in Latin America: Learning from Argentina and Chile

NBER Working Paper No. w11153

Number of pages: 36 Posted: 22 Mar 2005 Last Revised: 24 Jun 2010

Guillermo A. Calvo and Ernesto Talvi

Columbia University - School of International & Public Affairs (SIPA) and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 167 (216,166)

Abstract:

14.

On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects

Downloads 165 (218,356)

Citation 35

2

On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects

NBER Working Paper No. w10520

Number of pages: 51 Posted: 15 Jun 2004

Guillermo A. Calvo, Alejandro Izquierdo and Luis-Fernando Mejia

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and University of Chicago - Department of Economics

Downloads 125 (273,939)

Citation 6

Abstract:

On the Empirics of Sudden Stops: The Relevance of Balance-Sheet Effects

IDB Working Paper No. 422

Number of pages: 48 Posted: 25 Apr 2011

Guillermo A. Calvo, Alejandro Izquierdo and Luis Fernando Mejía

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and affiliation not provided to SSRN

Downloads 40 (517,836)

Citation 14

Abstract:

15.

Money Demand, Bank Credit, and Economic Performance in Former Socialist Economies

IMF Working Paper No. 94/3

Number of pages: 94 Posted: 15 Feb 2006

Guillermo A. Calvo and Manmohan Kumar

Columbia University - School of International & Public Affairs (SIPA) and International Monetary Fund (IMF) - Research Department

Downloads 139 (251,631)

Citation 4

Abstract:

16.

Controlling Inflation: The Problem of Non-Indexed Debt

IMF Working Paper No. 88/29

Number of pages: 28 Posted: 15 Feb 2006

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 131 (263,328)

Abstract:

17.

Inflows of Capital to Developing Countries in the 1990s: Causes and Effects

IDB Working Paper No. 246

Number of pages: 15 Posted: 20 Apr 2011

Guillermo A. Calvo, Leonardo Leiderman and Carmen M. Reinhart

Columbia University - School of International & Public Affairs (SIPA), affiliation not provided to SSRN and Peter G. Peterson Institute for International Economics

Downloads 121 (279,390)

Citation 63

Abstract:

18.

The Mirage of Exchange Rate Regimes for Emerging Market Countries

Downloads 119 (282,796)

Citation 8

2

The Mirage of Exchange Rate Regimes for Emerging Market Countries

NBER Working Paper No. w9808

Number of pages: 42 Posted: 03 Jul 2003 Last Revised: 21 Apr 2021

Guillermo A. Calvo and Frederic S. Mishkin

Columbia University - School of International & Public Affairs (SIPA) and Columbia Business School - Finance and Economics

Downloads 119 (284,103)

Citation 8

Abstract:

The Mirage of Exchange Rate Regimes for Emerging Market Countries

Journal of Economic Perspectives, Vol. 17, No. 4, Fall 2003

Posted: 13 May 2004

Guillermo A. Calvo and Frederic S. Mishkin

Columbia University - School of International & Public Affairs (SIPA) and Columbia Business School - Finance and Economics

Abstract:

19.

Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort

Downloads 96 (327,186)

Citation 7

2

Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort

NBER Working Paper No. w12788

Number of pages: 31 Posted: 24 Dec 2006 Last Revised: 12 Jun 2021

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 68 (405,599)

Citation 2

Abstract:

Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort

IDB Working Paper No. 499

Number of pages: 25 Posted: 25 Apr 2011

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 28 (585,375)

Citation 2

Abstract:

20.

Systemic Sudden Stops: The Relevance of Balance-Sheet Effects and Financial Integration

Downloads 91 (338,492)

Citation 20

2

Systemic Sudden Stops: The Relevance of Balance-Sheet Effects and Financial Integration

NBER Working Paper No. w14026

Number of pages: 47 Posted: 29 May 2008 Last Revised: 30 Apr 2021

Guillermo A. Calvo, Alejandro Izquierdo and Luis-Fernando Mejia

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and University of Chicago - Department of Economics

Downloads 51 (467,965)

Citation 1

Abstract:

Systemic Sudden Stops: The Relevance of Balance-Sheet Effects and Financial Integration

IDB Working Paper No. 537

Number of pages: 43 Posted: 25 Apr 2011

Guillermo A. Calvo, Alejandro Izquierdo and Luis Fernando Mejía

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and affiliation not provided to SSRN

Downloads 40 (517,836)

Citation 9

Abstract:

21.

Crises in Emerging Market Economies: A Global Perspective

NBER Working Paper No. w11305

Number of pages: 41 Posted: 08 Jun 2005

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 84 (355,505)

Citation 1

Abstract:

22.

Costly Trade Liberalizations: Durable Goods and Capital Mobility

IMF Working Paper No. 87/79

Number of pages: 18 Posted: 15 Feb 2006

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 73 (385,517)

Abstract:

23.

Nominal Exchange Rate Anchoring Under Inflation Inertia

IMF Working Paper No. 02/30

Number of pages: 37 Posted: 29 Jan 2006

Guillermo A. Calvo, Oya Celasun and Michael Kumhof

Columbia University - School of International & Public Affairs (SIPA), International Monetary Fund (IMF) - Research Department and CEPR

Downloads 70 (394,466)

Abstract:

24.

Inflation Inertia and Credible Disinflation - the Open Economy Case

NBER Working Paper No. w9557

Number of pages: 33 Posted: 06 Oct 2005 Last Revised: 12 Feb 2021

Guillermo A. Calvo, Oya Celasun and Michael Kumhof

Columbia University - School of International & Public Affairs (SIPA), International Monetary Fund (IMF) - Research Department and CEPR

Downloads 68 (400,632)

Citation 1

Abstract:

25.

Financial Crises and Liquidity Shocks: A Bank-Run Perspective

NBER Working Paper No. w15425

Number of pages: 23 Posted: 26 Oct 2009 Last Revised: 24 Feb 2021

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 66 (407,024)

Citation 1

Abstract:

26.

The Growth-Interest Rate Cycle in the United States and its Consequences for Emerging Markets

IDB Working Paper No. 385

Number of pages: 29 Posted: 21 Apr 2011

Carmen M. Reinhart, Guillermo A. Calvo, Eduardo Fernandez-Arias and Ernesto Talvi

Peter G. Peterson Institute for International Economics, Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 60 (427,031)

Citation 1

Abstract:

27.

Debt Relief and Default Penalties in an International Context

IMF Working Paper No. 89/10

Number of pages: 28 Posted: 15 Feb 2006

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 60 (427,031)

Abstract:

28.

Fixing for Your Life

NBER Working Paper No. w8006

Number of pages: 64 Posted: 17 Nov 2000 Last Revised: 19 May 2021

Guillermo A. Calvo and Carmen M. Reinhart

Columbia University - School of International & Public Affairs (SIPA) and Peter G. Peterson Institute for International Economics

Downloads 59 (430,521)

Citation 2

Abstract:

29.

Regional Contagion and the Globalization of Securities Markets

NBER Working Paper No. w7153

Number of pages: 42 Posted: 21 Sep 1999 Last Revised: 12 Oct 2010

Guillermo A. Calvo and Enrique G. Mendoza

Columbia University - School of International & Public Affairs (SIPA) and National Bureau of Economic Research (NBER)

Downloads 55 (445,096)

Citation 15

Abstract:

30.

Explaining Sudden Stops, Growth Collapse and Bop Crises: The Case of Distortionary Output Taxes

NBER Working Paper No. w9864

Number of pages: 37 Posted: 20 Jul 2003 Last Revised: 16 Jun 2021

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 34 (536,410)

Citation 1

Abstract:

31.

Uncertain Duration of Reform: Dynamic Implications

NBER Working Paper No. w5925

Number of pages: 24 Posted: 09 May 2000 Last Revised: 12 Mar 2021

Guillermo A. Calvo and Allan Drazen

Columbia University - School of International & Public Affairs (SIPA) and University of Maryland - Department of Economics

Downloads 34 (536,410)

Abstract:

32.

Relative Price Volatility Under Sudden Stops: The Relevance of Balance Sheet Effects

NBER Working Paper No. w11492

Number of pages: 43 Posted: 29 Aug 2005 Last Revised: 28 May 2021

Guillermo A. Calvo, Alejandro Izquierdo and Rudy J. Loo-Kung

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and Inter-American Development Bank (IADB)

Downloads 31 (552,296)

Citation 2

Abstract:

33.

Growth and External Financing in Latin America

IDB Working Paper No. 384

Number of pages: 42 Posted: 21 Apr 2011

Carmen M. Reinhart, Guillermo A. Calvo, Eduardo Fernandez-Arias and Ernesto Talvi

Peter G. Peterson Institute for International Economics, Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) and Centro de Estudios de la Realidad Economica y Social (CERES)

Downloads 30 (557,891)

Citation 1

Abstract:

34.

Interest Rate Rules, Inflation Stabilization, and Imperfect Credibility: The Small Open Economy Case

NBER Working Paper No. w13177

Number of pages: 30 Posted: 27 Jun 2007 Last Revised: 05 Jul 2010

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 30 (557,891)

Abstract:

35.

Optimal Time-Consistent Fiscal Policy with Uncertain Lifetimes

NBER Working Paper No. w1593

Number of pages: 32 Posted: 22 Jun 2004 Last Revised: 10 May 2021

Guillermo A. Calvo and Maurice Obstfeld

Columbia University - School of International & Public Affairs (SIPA) and University of California, Berkeley

Downloads 28 (569,560)

Citation 5

Abstract:

36.

Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries

Downloads 24 (594,810)

Citation 5

2

Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries

NBER Working Paper No. w18480

Number of pages: 34 Posted: 20 Oct 2012

Guillermo A. Calvo, Fabrizio Coricelli and Pablo Ottonello

Columbia University - School of International & Public Affairs (SIPA), University of Siena - Department of Political and International Sciences and University of Michigan at Ann Arbor - Department of Economics

Downloads 20 (642,451)

Citation 2

Abstract:

The Labor Market Consequences of Financial Crises with or Without Inflation: Jobless and Wageless Recoveries

CEPR Discussion Paper No. DP9218

Number of pages: 44 Posted: 01 Feb 2013

Guillermo A. Calvo, Fabrizio Coricelli and Pablo Ottonello

Columbia University - School of International & Public Affairs (SIPA), University of Siena - Department of Political and International Sciences and University of Michigan at Ann Arbor - Department of Economics

Downloads 4 (772,764)

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Abstract:

37.

The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back

NBER Working Paper No. w18285

Number of pages: 31 Posted: 10 Aug 2012

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 23 (601,403)

Abstract:

38.

Obstacles to Transforming Centrally-Planned Economies: The Role of Capital Markets

NBER Working Paper No. w3776

Number of pages: 27 Posted: 19 Jun 2004 Last Revised: 28 Apr 2021

Guillermo A. Calvo and Jacob A. Frenkel

Columbia University - School of International & Public Affairs (SIPA) and Merrill Lynch & Co. - Sovereign Advisory Group and Global Financial Institutions Group

Downloads 23 (601,403)

Abstract:

39.

Jobless Recoveries During Financial Crises: Is Inflation the Way Out?

NBER Working Paper No. w19683

Number of pages: 46 Posted: 28 Nov 2013 Last Revised: 14 Apr 2021

Guillermo A. Calvo, Fabrizio Coricelli and Pablo Ottonello

Columbia University - School of International & Public Affairs (SIPA), University of Siena - Department of Political and International Sciences and University of Michigan at Ann Arbor - Department of Economics

Downloads 20 (621,747)

Citation 2

Abstract:

40.

Optimal Holdings of International Reserves: Self-Insurance Against Sudden Stop

NBER Working Paper No. w18219

Number of pages: 28 Posted: 14 Jul 2012 Last Revised: 14 Apr 2021

Guillermo A. Calvo, Alejandro Izquierdo and Rudy J. Loo-Kung

Columbia University - School of International & Public Affairs (SIPA), Inter-American Development Bank (IDB) - Research Department and Inter-American Development Bank (IADB)

Downloads 17 (642,469)

Citation 2

Abstract:

41.

From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since Wwii

NBER Working Paper No. w22535

Number of pages: 38 Posted: 22 Aug 2016 Last Revised: 28 Jan 2021

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 15 (656,900)

Abstract:

42.

From Centrally-Planned to Market Economies: The Road from Cpe to Pcpe

NBER Working Paper No. w3698

Number of pages: 49 Posted: 11 Aug 2010 Last Revised: 08 Feb 2021

Guillermo A. Calvo and Jacob A. Frenkel

Columbia University - School of International & Public Affairs (SIPA) and International Monetary Fund (IMF)

Downloads 14 (664,194)

Abstract:

43.

On Dollarization

Number of pages: 11 Posted: 06 May 2003

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 12 (679,264)

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Abstract:

44.

Sudden Stop and Sudden Flood of Foreign Direct Investment: Inverse Bank Run, Output, and Welfare Distribution

The Scandinavian Journal of Economics, Vol. 116, Issue 1, pp. 5-19, 2014

Number of pages: 15 Posted: 31 Dec 2013

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Downloads 1 (770,353)

Citation 1

Add to Cart

Abstract:

45.

Economic Policy in Stormy Waters: Financial Vulnerability in Emerging Economies

Posted: 02 Jul 2004

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

Guillermo A. Calvo

Columbia University - School of International & Public Affairs (SIPA)

National Bureau of Economic Research (NBER)

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The Labor Market Consequences of Financial Crises with or Without Inflation: Jobless and Wageless Recoveries

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On Dollarization

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Sudden Stop and Sudden Flood of Foreign Direct Investment: Inverse Bank Run, Output, and Welfare Distribution

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