The research on exchange rates studies the following type of questions:
What are the optimal exchange rate regimes in a financially integrated environment?
To what extent can exchange rates float in developing countries?
How do current accounts respond to shocks, and what does this imply for the sustainability of countries’ external liabilities?
Publications and Working Papers
Journal articles, book chapters, and other publications
This page lists recent scholarly publications by staff working in the area of Macroeconomics and Growth. Publications are organized by topic and appear in reverse chronological order.
Policy Research Working Papers
For more policy research working papers from the World Bank's institutional archives, search here using author’s last name, title or working paper number (“wpsxxxx”).
|WPS4636||Real exchange rates, saving and growth : is there a link ?||Montiel, Peter J.; Serven, Luis||2008/05|
|WPS3497||What does regional trade in South Asia reveal about future trade integration? Some empirical evidence||Pitigala, Nihal||2005/02|
|WPS3322||Tango with the Gringo: the hard peg and real misalignment in Argentina||Alberola, Enrique; Lopez, Humberto; Serven, Luis||2004/06|
|WPS2980||Living and dying with hard pegs : the rise and fall of Argentina's currency board||De la Torre, Augusto; Levy Yeyati, Eduardo; Schmukler, Sergio L.||2003/03|
|WPS2903||Financial globalization : unequal blessings||De la Torre, Augusto; Levy Yeyati, Eduardo; Schmukler, Sergio L.||2002/10|
|WPS2823||Real exchange rate uncertainty and private investment in developing countries||Serven, Luis||2002/04|
|WPS2815||Pricing currency risk : facts and puzzles from currency boards||Schmukler, Sergio L.; Serven, Luis||2002/03|
|WPS2424||Global transmission of interest rates : monetary independence and the currency regime||Frankel, Jeffrey; Schmukler, Sergio; Serven, Luis||2000/08|
|WPS2397||Verifying exchange rate regimes||Serven, Luis; Frankel, Jeffrey; Fajnzylber, Eduardo; Schmukler, Sergio||2000/07|
|WPS1298||Capital goods imports, the real exchange rate, and the current account||Serven, Luis||1994/05|
|WPS562||Anticipated real exchange-rate changes and the dynamics of investment||Serven, Luis||1990/12|