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S. L. Schmukler - Other Publications

BOOKS

  • Didier, Tatiana, and Schmukler, Sergio, forthcoming. “The Financing and Growth of Firms in China and India: Evidence from Capital Markets,” Journal of International Money and Finance". 
  • Didier, Tatiana, and Schmukler, Sergio (Eds.), forthcoming. Emerging Issues in Financial Development: Lessons from Latin America, Inter-American Development Bank, UN-Economic Commission for Latin America and the Caribbean, and World Bank.
  • Caprio, Gerard, Beck, Thorsten, Claessens, Stijn, and Schmukler, Sergio (Eds.) 2013. The Evidence and Impact of Financial Globalization, Elsevier.
  • de la Torre, Augusto, Ize, Alain, and Schmukler, Sergio, 2011. Financial Development in Latin America and the Caribbean: The Road Ahead, World Bank.
    • Available at: www.worldbank.org/lacfinancereport
    • Spanish Version: Desarrollo Financiero en América Latina y el Caribe: El Camino por Delante, the World Bank.
    • 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), Diario Financiero, Economia y Negocios, El Mercurio, El Mostrador, Mercados (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), IP Paraguay, La Nacion, Ultima Hora, 5 Dias (Paraguay), Busqueda, Ultimas Noticias (Uruguay), and Notitarde (Venezuela).
    • Reviewed in Foreign Affairs, by Richard Feinberg, March/April 2012.
  • de la Torre, Augusto, and Schmukler, Sergio, 2006. Emerging Capital Markets and Globalization: The Latin American Experience, Stanford University Press and World Bank.
    • Spanish Version: Mercados de Capitales Emergentes y Globalización: La Experiencia de América Latina, Mayol Ediciones and World Bank.
    • Originally released as Whither Latin American Capital Markets?
    • Featured in Latin Finance and El Cronista Comercial (Argentina), December 2004, En Breve (World Bank, Latin American and the Caribbean Region Policy Note), April 2005, Finance and Development, June 2005, Diario Financiero (Chile), July 2005, USA Today, October 2008.
  • Hall, Bronwyn, and Schmukler, Sergio, 1997. TSP Handbook to Accompany Econometric Models and Economic Forecasts, McGraw-Hill.

REFEREED JOURNAL ARTICLES

BOOKS CHAPTERS AND OTHER PUBLICATIONS

  • Ceballos, Francisco, Didier, Tatiana, and Schmukler, Sergio, forthcoming. “Overview: Emerging Issues in Financial Development - Lessons from Latin America,” in Emerging Issues in Financial Development: Lessons from Latin America, Tatiana Didier and Sergio Schmukler (Eds.), Inter-American Development Bank, UN-Economic Commisssion for Latin America and the Caribbean, and the World Bank.
  • Didier, Tatiana, and Schmukler, Sergio, forthcoming. “Financial Development in Emerging Economies: Stylized Facts and the Road Ahead,” in Emerging Issues in Financial Development: Lessons from Latin America, Tatiana Didier and Sergio Schmukler (Eds.), Inter-American Development Bank, UN-Economic Commisssion for Latin America and the Caribbean, and the World Bank.
  • Didier, Tatiana, and Schmukler, Sergio, forthcoming. “Financial Globalization: Some Basic Indicators for Latin America and the Caribbean,” in Emerging Issues in Financial Development: Lessons from Latin America, Tatiana Didier and Sergio Schmukler (Eds.), Inter-American Development Bank, UN-Economic Commisssion for Latin America and the Caribbean, and the World Bank.
  • Didier, Tatiana, and Schmukler, Sergio, 2013. "Finance and Growth in China and India: Have Firms Benefited from the Capital Market Expansion?" VoxEU.org, May 6.
  • Broner, Fernando, Didier, Tatiana, Erce, Aitor, and Schmukler, Sergio, 2013. “International Capital Flows during Crises: Gross Matters,” VoxEU.org, March 28.
  • Beck, Thorsten, Claessens, Stijn, and Schmukler, Sergio, 2013. “Financial Globalization and Crises: Overview,” in The Evidence and Impact of Financial Globalization, Gerard Caprio, Thorsten Beck, Stijn Claessens, and Sergio Schmukler (Eds.), Elsevier, 1-12.
  • Didier, Tatiana, Rigobon, Roberto, and Schmukler, Sergio, 2012. “Some Pitfalls in Global Investing,” VoxEU.org, November 12.
    • Featured in Let’s Talk Development Blog, November 14 2012.
    • Featured in World Bank Research Newsletter, November 2012.
  • Ceballos, Francisco, Didier, Tatiana, Hevia, Constantino, and Schmukler, Sergio, 2012. Respuestas de Política a la Crisis Financiera Global: ¿Qué Hicieron Diferente las Economías Emergentes?” Revista de Estudios Economicos, Central Bank of Peru 24, 27-43.
    • English version: “Policy Responses to the Global Financial Crisis: What Did Emerging Economies Do Differently?”
  • Ceballos, Francisco, Didier, Tatiana, and Schmukler, Sergio, 2012. “Different Facets of Financial Globalisation,” VoxEU.org, August 28.
    • Featured in World Bank Research Newsletter, September 2012.
  • Ceballos, Francisco, Didier, Tatiana, and Schmukler, Sergio, 2012. “Financial Globalization in Emerging Countries: Diversification vs. Offshoring” in New Paradigms for Financial Regulation: Emerging Market Perspectives, Mario B. Lamberte and Eswar Prasad (Eds.), ADBI and Brookings Institution, pp. 110-138.
    • Also available as World Bank Policy Research Working Paper 6105, June 2012 and Asian Development Bank Institute Working Paper 382, September 2012.
    • Featured in Let’s Talk Development Blog, September 10, 2012.
  • 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.
    • Also available in Spanish.
  • Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2011. “Triplet Crises: Lessons European Leaders Can Learn From Emerging Markets,” All About Finance Blog, September 26.
  • Raddatz, Claudio, and Schmukler, Sergio, 2011. “Do Mutual Funds Make Crises Worse?” VoxEU.org, September 22.
  • Didier, Tatiana, Hevia, Constantino, and Schmukler, Sergio, 2011. “Emerging Market Resilience,” VoxEU.org, August 9.
  • Levy Yeyati, Eduardo, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2011. “A Bank Run in Greece May Trigger an Unintended Resolution of the Crisis,” Brookings Institution, July 12.
  • Levy Yeyati, Eduardo, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2011. “Triplet Crises and the Ghost of a New Drachma,” VoxEU.org, June 29.
    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.
    • Featured in Let’s Talk Development Blog, May 21, 2012.
  • de la Torre, Augusto and Schmukler, Sergio, 2011. “Latin American Stock Markets: Recent History and Prospects,” in Handbook of Research on Stock Market Globalization, Geoffrey Poitras (Ed.), Edward Elgar, pp. 215-224.
  • 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 version.
  • 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, Eduardo, and Schmukler, Sergio, 2010. “The New Face of Latin America and the Caribbean: Globalized, Resilient, Dynamic,” World Bank, Annual Meetings Report, Fall.
    • Also available in Spanish version.
  • 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 version.
  • de la Torre, Augusto, Levy-Yeyati, Eduardo, and Schmukler, Sergio, 2010. “Varieties of Internal Devaluation: Peripheral Europe in the Argentine Mirror,” VoxEU.org, March 6.
    Selected for Editors’ Choice.
  • Levy Yeyati, Eduardo, Schmukler, Sergio, and van Horen, Neeltje, 2010. “Capital Controls, Crises, and Financial Integration,” in Managing Capital Flows: Search for a Framework, Masahiro Kawai and Mario B. Lamberte (Eds.), Edward Elgar, pp. 160-191.
  • de la Torre, Augusto, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2010. “Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework,” in Reforming Rules and Regulations, Vivek Ghosal (Ed.), MIT Press, pp. 215-253.
  • Schmukler, Sergio, 2009. “Financial Globalization: Gain and Pain for Developing Countries,” in International Political Economy, (Fifth Edition), Jeffry Frieden, David Lake, and Lawrence Broz (Eds.), W.W. Norton & Company, 2009, pp. 314-336.
    • Abridged version of a paper published in the Economic Review, Federal Reserve Bank of Atlanta.
  • 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, Schmukler, Sergio, and Vanasco, Victoria, 2009. “How Do Banks Serve SMEs? Business and Risk Management Models,” in Investing Private Capital in Emerging and Frontier Market Small and Medium Enterprises, Benoît Leleux and Anouk Lavoie Orlick (Eds.), IMD and IFC, pp. 67-97.
  • de la Torre, Augusto, Schmukler, Sergio, and Servén, Luis, 2009. “Back to Global Imbalances,” in Roubini Global Economic Monitor.
    • Featured in World Bank Research Digest 3:4, Summer 2009.
    • Featured in America Economia.
  • de la Torre, Augusto, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2009. “Banks and Small and Medium Enterprises: Recent Business Developments,” in QFinance: The Ultimate Resource, Bloomsbury, pp. 176-178. Second edition printed in 2010.
  • de la Torre, Augusto and Schmukler, Sergio, 2008. “Ondas Sísmicas del Exterior,” in Ejecutivos.
  • Schmukler, Sergio, 2008. “The Benefits and Risks of Globalization: Challenges for Developing Countries,” in Capital Markets Liberalization and Development, Joseph Stiglitz and Jose Antonio Ocampo (Eds.), Oxford University Press, pp. 48-73.
  • de la Torre, Augusto, Gozzi, Juan Carlos, and Schmukler, Sergio, 2008. “Capital Market Development: Whither Latin America”, in Strengthening Global Financial Markets, Marcio Garcia and Sebastian Edwards (Eds.), National Bureau of Economic Research and University of Chicago Press, pp. 121-153.
    • Longer version appeared as World Bank Policy Research Working Paper 4156, March 2007.
  • 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 América Latina, Jose Luis Machinea and Narcis Serra (Eds.), UN-Economic Commission for Latin America and the Caribbean (ECLAC) and Fundacion CIDOB, pp. 433-490.
    • Longer version appeared as World Bank Policy Research Working Paper 3963, July 2006.
  • de la Torre, Augusto, and Schmukler, Sergio, 2007. “Desarrollo del Mercado de Capitales: Balance y Perspectivas,” (“Capital Market Development: Taking Stock”), in Política Monetaria y Estabilidad Financiera: De la Teoría a la Práctica, Jornadas Monetarias y Bancarias del Banco Central de la República Argentina - Anales 2006, pp.181-194, May.
  • Lane, Philip, and Schmukler, Sergio, 2007. “The International Financial Integration of China and India,” in Dancing with Giants: China, India, and the World Economy, Alan Winters and Shahid Yusuf, eds., Institute of Policy Studies and World Bank, pp. 101-132, 2007.
    • Also published in Proceeding, Federal Reserve Bank of San Francisco, June 2006.
    • 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.
  • Schmukler, Sergio, 2006. “Comments on R. Cooper, M. Bordo, and H. James: Exchange Rate Arrangements and Disarrangements: Prospects for a World Currency,” International Economics and Economic Policy, 3:3-4, pp. 409-414, December.
  • de la Torre, Augusto, and Schmukler, Sergio, 2006/2007. “¿Cómo Desarrollar Los Mercados de Capitales?” Carta Financiera, 136, pp. 14-21, Asociación Nacional de Instituciones Financieras, Colombia, November-February.
  • Halac, Marina, Schmukler, Sergio, and Zoido-Lobaton, Pablo, 2006. “Financial Globalization, Crises, and Contagion,” in International Macroeconomics: Recent Developments, Amalia Morales (Ed.), pp. 207-225, Nova Science Publishers.
    • Reprinted in Journal of Current Issues in Globalization, 2007, 1:1-2.
  • 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, pp. 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, pp. 135-146.
  • Schmukler, Sergio, 2004. “Contagion of Financial Crises,” in The Social Science Encyclopedia (third edition), Adam Kuper and Jessica Kuper (Eds.), 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, pp. 227-250.
  • Vesperoni, Esteban, and Schmukler, Sergio, 2001. “Firms’ Financing Choices in Bank-Based and Market-Based Economies,” in Financial Structure and Economic Growth, Asli Demirguc-Kunt and Ross Levine (Eds.), MIT Press, pp. 347-375.
  • Ganapolsky, Eduardo, and Schmukler, Sergio, 2001. “Crisis Management in Argentina during the 1994-95 Mexican Crisis: How Did Markets React? World Bank Economists’ Forum, 1, pp. 3-30, April.
  • Frankel, Jeffrey, and Schmukler, Sergio, 1998. “Crisis, Contagion, and Country Funds,” in Managing Capital Flows and Exchange Rates, Reuven Glick (Ed.), Cambridge University Press.

WORKING PAPERS AND WORK IN PROGRESS

  • Raddatz, Claudio, and Schmukler, Sergio, 2008. “Pension Funds and Capital Market Development.” World Bank Policy Research Working Paper 4787.
  • Opazo, Luis, Raddatz, Claudio, and Schmukler, Sergio, 2009. “The Long and the Short of Emerging Market Debt,” World Bank Policy Research Working Paper 5056, September.
    • Featured in World Bank Research Newsletter.
    • Featured in World Bank Research Highlights.
    • Featured in Interest Bearing Notes.
    • Featured in ENP Newswire, February 7, 2012
  • Gozzi, Juan Carlos, Levine, Ross, Martinez Peria, Maria Soledad, and Schmukler, Sergio, 2012. “How Firms Use Domestic and International Corporate Bond Markets.” NBER Working Paper 17763 and World Bank Policy Research Working Paper 6209.
    • Featured in World Bank Research Newsletter.
  • Ceballos, Francisco, Didier, Tatiana, and Schmukler, Sergio, 2010. “How Much Do Developing Economies Rely on Private Capital Markets?” Mimeo.
    • Winner of the World Bank’s Development Economics Vice-presidency Award, 2011.
  • Raddatz, Claudio, Schmukler, Sergio, and Williams, Tomas, 2013. “International Asset Allocation: The Benchmark Effect.”
  • de la Torre, Augusto, Gozzi, Juan Carlos, and Schmukler, Sergio, 2007. "Innovative Experiences in Access to Finance: Market Friendly Roles for the Visible Hand?", World Bank Policy Research Working Paper 4326, August. 


 




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