Books Beck, Thorsten, Claessens, Stijn, and Schmukler, Sergio (Eds.) 2013. The Evidence and Impact of Financial Globalization, Elsevier, forthcoming. Spanish Version Desarrollo Financiero en America Latina y el Caribe:El Camino por Delante Featured in several media outlets including CNN En Español, EFE, the New York Times, Reuters, Voice of America, the Wall Street Journal (USA), BBC Mundo (UK), Infolatam (Spain), La Nacion (Argentina), El Diario, Los Tiempos (Bolivia), Estrategia and Negocios (Central America), Economia y Negocios (Chile),Caracol Radio, El Espectador, Terra, La Republica, Portafolio (Colombia), El Financiero (Costa Rica), Diario Libre, 7dias.com (Dominican Republic), El Mundo (El Salvador), Prensa Libre, Siglo XXI (Guatemala), El Economista, El Financiero, El Universal, Excelsior, La Cronica de Hoy, La Jornada, La Razon, La Reforma, Milenio, Notimex, Reporte 98.5 (Mexico), La Prensa (Panama), and Notitarde (Venezuela). Reviewed in Foreign Affairs, by Richard Feinberg, March/April 2012.
Hall, Bronwyn, and Schumukler, Sergio, 1997.TSP Handbook to Accompany Econometric Models and Economic Forecasts by Pindyck and Rubinfeld, McGraw-Hill.
Journal Articles Levy Yeyati, Eduardo, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2010. Depositor Behavior under Macroeconomic Risk: Evidence from Bank Runs in Emerging Economics, Journal of Money, Credit and Banking, 42:4, 585-614. Levy Yeyati, Eduardo, Schmukler, Sergio, and van Horen, Neeltje, 2008. Emerging Market Liquidity and Crises, Journal of the European Economic Association, 6:2-3, 668-682, April- May. - Featured in the Wall Street Journal of the Americas, October 2002 and Frontline (India's National Magazine), April 12, 2003
Didier, Tatiana, Mauro, Paolo, Schmukler, Sergio, 2008. Vanishing Contagion?, Journal of Policy Modeling, 30:5, 775-791. Featured in IMF Survey, March 2008.
Featured in Beyond Transition- The Newsletter about Reforming Economics, April- June, 2007.
Claessens, Stijn, Klingebiel, Daniela, and Schmukler, Sergio, 2007. Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors, Review of International Economics, 15:2, 370-413. Previous version appeared CEPR Discussion Paper 3789, 2003. Claessens, Stijn, Klingebiel, Daniela, and Schmukler, Sergio, 2006. Stock Market Development and Internationalization: Do Economic Fundamentals Spur Both Similarly?Journal of Empirical Finance, 13:3, 316-350. March. Previous version appeared as "Explaining the Migration of Stocks from Exchanges in Emerging Economics to International Centers," CEPR Discussion Paper 3301, April 2001. Kawai, Hiro, Newfarmer, Richard, and Schmukler, Sergio, 2005. Financial Crises: Nine Lessons from East Asia, Eastern Economic Journal, 31:2, pp 185-207, Spring. Kaminsky, Graciela, Lyons, Rich and Schmukler, Sergio, 2004. Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets, Journal of International Economics, 64:1, 113-134, October. Levy Yeyati, Eduardo, Schmukler, Sergio, and van Horen, Neeltje, 2004. The Price of Inconvertible Deposits: The Stock Market Boom during the Argentine Crisis, Economic Letters, 83:1, 7-13, April. Reprinted in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability, V. Alexander, J.Melitz and G. von Furstenberg, (eds.), Oxford University Press, 2004. Featured in The Economist, Economics Focus, August 8, 2002, Clarin (Argentina), August 11, 2002, La Nacion (Argentina), August 4, 2002.
Reprinted in European Business Organization Law Review, 3:2, 403-438, 2002.
Frankel, Jeffrey, Fajnzylber, Eduardo, Serven, Luis, and Schmukler, Segio, 2001. Verifying Exchange Rate Regimes, Journal of Development Economics, Vol. 66:2, 351-386, December. Martinex Peria, Maria Soledad, and Schmukler, Sergio, 2001. Do Depositors Punish Banks for ‘Bad’ Behavior? Market Discipline, Deposit Insurance, and Banking Crises, Journal of Finance, Vol. 56:3, 1029-1051, June. Reprinted in A Reader in International Corporate Finance, S. Claessens and L. Laeven, (eds.), World Bank, 2006. Reprinted in Financial Crises in Japan and Latin America, E. Demaestri and P. Masci, (eds.), Inter- American Development Bank, 2003. Reprinted in Banking, Financial Integration, and International Crises, L. Hernandez and K. Schmidt- Hebbel (eds.), Central Bank of Chile, 2001.
Reprinted in International Financial Contagion, S. Claessens and K. Forbes, (eds.), Kluwer Acedemic Press, 2001.
Frankel, Jeffery, Serven, Luis, and Schmukler, Sergio, 2001. Verifiability and the Vanishing Intermediate Exchange Rate Regime, Susan Collins and Dani Rodrik (eds.), Brookings Trade Forum 2000, 59:123, February. Reprinted in The Collapse of Exchange Rate Regimes, G. Tavlas, (ed.), Kluwer Academic Press, 1996.
Book Chapters and Other Publications Beck, Thorsten, Claessens, Stijn, and Schmukler, Sergio, 2013. “Financial Globalization and Crises: Overview,” in Evidence and Impact of Financial Globalization, Thorsten Beck, Stijn Claessens, and Sergio Schmukler (Eds.), Elsevier, forthcoming. Ceballos, Francisco, Didier, Tatiana, Hevia, Constantino, and Schmukler, Sergio, 2012. “Policy Responses to the Global Financial Crisis: What Did Emerging Economies Do Differently?” Revista de Estudios Economicos, Central Bank of Peru, forthcoming. Ceballos, Francisco, Didier, Tatiana, and Schmukler, Sergio, 2012. Financial Globalizaiton in Emerging Countries: Diversification vs. Offshoring, Mario B. Lamberte and Eswar Prasad, eds., ADBI and Brookings Institution, forthcoming. de la Torre, Augusto, Didier, Tatiana, Hevia, Constantino, and Schmukler, Sergio, 2012. Latin America Copes with Volatility, The Dark Side of Globalization, World Bank Spring Meetings Report, Spring. Beck, Thorsten, Claessens, Stijn, and Schmukler, Sergio, 2012. Financial Globalization and Crises: Overview of the Empirical Chapters, Encyclopedia of Financial Globalization, Elsevier. Selected for Editors’ Choice. Featured in Interest Bearing Notes, July 2011. Featured in World Bank Research Newsletter, July 2011. Featured in World Bank Monthly Research Highlights 36, August 2011.
de la Torre, Augusto, Calderon, Cesar, Didier, Tatiana, Messina, Julian, and Schmukler, Sergio, 2011. Latin America and the Caribbean: Success Put to Test, World Bank Spring Meetings Report, Spring. Also available in Spanish. Didier, Tatiana, Hevia, Constantino, and Schmukler, Sergio, 2011. Emerging Country Responses to the Global Crisis, in Financial Contagion: The Viral Threat to the Wealth of Nations, Robert W. Kolb (Ed.), John Wiley & Sons, Inc., February, pp. 203-218. de la Torre, Augusto, Calderon, Cesar, Didier, Tatiana, Levy Yeyati, Eduordo, and Schmukler, Sergio, 2010. The New Face of Latin America and the Caribbean: Globalized, Resilient, Dynamic, with World Bank Annual Meetings Report, Fall. Also available in Spanish. de la Torre, Augusto, Calderon, Cesar, Didier, Tatiana, Messina, Julian, and Schmukler, Sergio, 2010. From Global Collapse to Recovery, World Bank Spring Meetings Report, Spring. Also available in Spanish. Schmukler, Sergio, 2010. Financial Globalization: Gain and Pain for Developing Countries, in International Political Economy (Fifth Edition), J. Frieden, D.Lake, and L.Broz (eds.), W.W. Norton and Company, 2009, 314-336. Previous version appeared in the Economic Review, Federal Reserve Bank of Atlanta. Levy Yeyati, Eduardo, van Horen, Neeltje, and Schmukler, Sergio, 2010. Capital Controls, Crises and Financial Integration, in Managing Capital Flows: Search for a Framework, M. Kawai, M. B. Lamberte (eds.), Edward Elgar. de la Torre, Augusto, Calderon, Cesar, Didier, Tatiana, and Schmukler, Sergio, 2009. Update on the Global Crisis: The Worst is Over, Latin America and the Caribbean Poised to Recover, World Bank Annual Meetings Report, Fall. Also available in Spanish version. de la Torre, Augusto, Martinez Peria, Maria Soledad, Politi, Maria Mercedes, Vanasco, Victoria, and Schmukler, Sergio, 2009. How to Banks Serve SMEs? Business and Risk Management Models, in Investing Private Capital in Emerging and Frontier Market Small and Medium Enterprises, B. Leleux, X. E. de Nogales, A. Diverse (eds.), IMD and IFC. de la Torre, Augusto, Serven, Luis, and Schmukler, Sergio, 2009. Back to Global Imbalances, in RGE Monitor and World Bank Research Digest. Featured in America Economia.
de la Torre, Augusto, Gozzi, Juan Carlos, and Schmukler, Sergio, 2007. Financial Development in Latin America: Big Emerging Issues, Limited Policy Answers, in Visiones del Desarrollo en America Latin, J.L. Machinea and N. Serra (eds.), UN-Economic Commission for Latin America and the Caribbean (ECLAC) and Fundacion CIDOB, 433-490. Longer version appeared as World Bank Policy Research Working Paper 3963, July 2006. de la Torre, Augusto, and Schmukler, Sergio, 2008. Onda Sìsmicas del Exterior in Ejecutivos. de la Torre, Augusto, Gozzi, Juan Carlos, and Schmukler Sergio, 2008. Capital Market Development: Whither Latin America?, in Strengthening Global Financial Markets, M. Garcia and S. Edwards (eds.), IASE/NBER Volume, University of Chicago Press, 121-153. Longer version appeared as World Bank Policy Research Working Paper 4156, March 2007. Lane, Philip, and Schmukler, Sergio, 2007. The International Financial Integration of China and India, in Dancing with Giants: China, India, and the World Economy, L. A. Winters and S. Yusuf (eds.), Institute of Policy Studies and World Bank, 101-132. Longer version appeared as CEPR Discussion Paper 5852, September 2006, and as World Bank Policy Research Working Paper 4132, February 2007. Featured in The Economic Times (India), May 27, 2006 and The Economist, September 14, 2006.
de la Torre, Augusto, and Schmukler, Sergio, 2007. " Desarrollo del Mercado de Capitales:Balance y Perspectivas (Capital Market Development: Taking Stock), in Politica Monetaria y Estabilidad Financiera: De la Teoria a la Practica, Jornadas Monetarias y Bancarias del Banco Central de la Republica Argentina - Anales 2006, 181-194. May. de la Torre, Augusto, and Schmukler, Sergio, 2006/2007. Como Desarrollar Los Mercados de Capitales? Carta Financiera, 136, pp. 14-21, Asociacion Nacional de Instituciones Financieras, Colombia. November-February. Halac, Marina, Schmukler, Sergio, and Zoido-Lobaton, 2006. Financial Globalization, Crises, and Contagion, in International Macroeconomics: Recent Developments, A. Morales (ed.), Nova Science Publishers, 207-225. Reprinted in Journal of Current Issues in Globalization, 1:1-2, 2007.
de la Torre, Augusto, and Schmukler, Sergio, 2005. Small Fish, Big Pond. What Is the Future for Domestic Capital Markets in a Globalized Economy?, Finance and Development, 42:2, 47-49, June. Levy Yeyati, Eduardo, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2004. Market Discipline in Emerging Economies: Beyond Bank Fundamentals, in Market Discipline across Countries and Industries, C. Borio, W. Hunter, G. Kaufman, and K. Tsatsaronis (eds.), MIT Press , 135-146. 2004. Schmukler, Sergio, 2004. Contagion of Financial Crises, in The Social Science Encyclopedia (Third edition), A. Kuper and J. Kuper (eds.), London and New York: Routledge. Kaminsky, Graciela, and Schmukler, Sergio, 2002. Rating Agencies and Financial Markets, in Ratings, Rating Agencies, and the Global Financial System, R. Levich, G. Majnoni, and C. Reinhart (eds.), Kluwer Academic Press, 227-250.
Working Papers and Work in Progress - Gozzi, Juan Carlos, Levine, Ross, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2012. How Firms Use Domestic and International Corporate Bond Markets, World Bank Policy Research Working Paper 6209.
- NBER Working Paper 17763.
- Ceballos, Francisco, Didier, Tatiana, and Schmukler, Sergio, 2012. Overview: Emerging Issues in Financial Development - Lessons from Latin America. Mimeo.
- Broner, Fernanco, Didier, Tatiana, Erce, Aitor, and Schmukler, Sergio, 2011. Gross Capital Flows: Dynamics and Crisis, World Bank Policy Research Working Paper 5768.
- Didier, Tatiana, and Schmukler, Sergio, 2011. Financial Development in Emerging Economies: Stylized Facts and the Road Ahead, Mimeo.
- Didier, Tatiana, and Schmukler, Sergio, 2011. Financial Globalization: Some Basic Indicators for Latin America and the Caribbean, Mimeo.
- Opazo, Luis, Raddatz Claudio, and Schmukler, Sergio, 2009. The Long and the Short of Emerging Market Debt, World Bank Policy Research Working Paper 5056. 2009.
Didier, Tatiana, and Schmukler, Sergio (Eds.), 2012. Emerging Issues in Financial Development: Lessons from Latin America. Under revision, the Brookings Institution, Inter-American Development Bank, and the World Bank.
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