People

Why do Emerging Economies Borrow Short Term? (with G. Lorenzoni and S. Schmukler)

- Older version with full model

Time Series of Bond Spreads and Issuance at Different Maturities
Forthcoming in Journal of the European Economic Association

Globalization and Risk Sharing (with J. Ventura)
Review of Economic Studies, 78, 2011, 49-82

Sovereign Risk and Secondary Markets (with A. Martin and J. Ventura)
American Economic Review, 100 (4), 2010, 1523-1555

Enforcement Problems and Secondary Markets (with A. Martin and J. Ventura)
Journal of the European Economic Association Papers and Proceedings, 6 (2-3), 2008, 683-694

Discrete Devaluations and Multiple Equilibria in a First Generation Model of Currency Crises
Journal of Monetary Economics, 55 (3), 2008, 592-605
Working paper with appendices

When in Peril, Retrench: Testing the Portfolio Channel of Contagion (with G. Gelos and C. Reinhart)
Journal of International Economics, 69 (1), 2006, 203-230

Determining Underlying Macroeconomic Fundamentals During Emerging Market Crises: Are Conditions as Bad as They Seem? (with M. Aguiar)
Journal of Monetary Economics, 53 (4), 2006, 699-724

Why are Capital Flows so much more Volatile in Emerging than in Developed Countries?(with R. Rigobon)
External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006

Desalineación y Variables Fundamentales: Tasas de Cambio de Equilibrio en Siete Paises Latinoamericanos (with N. Loayza and H. López)
Coyuntura Económica, 27 (4), 1997, 101-124

Dynamical Hysteresis without Static Hysteresis: Scaling Laws and Asymptotic Expansions (with G. Glodsztein et al.)
SIAM Journal of Applied Mathematics, 57 (4), 1997, 1163-1187

Scaling Laws for Dynamical Hysteresis in a Multidimensional Laser System  (with G. Goldsztein et. al.)

Physical Review Letters, 74 (12), 1995, 2220-2223