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Sergio L. Schmukler

Lead Economist

SERGIO SCHMUKLER is Lead Economist in the Development Research Group of the World Bank. He obtained his Ph.D. from the University  of California at Berkeleyin 1997, when he started working as a Young Professional at the World Bank. Since joining the Bank, he has been based at the Research Department. He has also worked continuously for the Office of the Chief Economist for Latin America  and for the  East Asia and South Asia regions. Besides his work for the Bank, he has been Treasurer of LACEA (Latin America and Caribbean Economic Association) since 2004, was Associate Editor of the Journal of Development Economics (2001-2004), visited and taught at Department of Economics, University of Maryland(1999-2003), and visited and worked at the International Monetary Fund Research Department (2004-2005). Before joining the World Bank, he worked at the U.S. Federal Reserve (Board of Governors), the Inter-American Development Bank Research Department, and the Argentine Central Bank. His research area is international finance and international financial markets and institutions. He has published several articles in academic journals and edited volumes on emerging markets finance, financial globalization, financial crises and contagion, and financial development. He also co-authored the book Emerging Capital Markets and Globalization, published by Stanford University Press and the World Bank. He has served as editor and referee for many academic journals and institutions.

The list below is of World Bank working papers and publications. You can also see (and in some cases download) other publications by this author.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


World Bank working papers and publications

1 .Gross capital flows : dynamics and crises
2 .Deconstructing herding : evidence from pension fund investment behavior
3 .How resilient were emerging economies to the global crisis ?
4 .Unexploited gains from international diversification : patterns of portfolio holdings around the world
5 .The long and the short of emerging market debt
6 .Drivers and obstacles to banking SMEs : the role of competition and the institutional framework
7 .Pension funds and capital market development
8 .Crises, capital controls, and financial integration
9 .Patterns of international capital raisings
10 .Bank involvement with SMEs : beyond relationship lending
11 .Emerging market liquidity and crises
12 .Innovative experiences in access to finance : market friendly roles for the visible hand ?
13 .Stock market development under globalization : whither the gains from reforms ?
14 .International financial integration through equity markets : which firms from which countries go global ?
15 .Capital market development : whither Latin America ?
16 .The international financial integration of China and India
17 .Financial development in Latin America : big emerging issues, limited policy answers
18 .Internationalization and the evolution of corporate valuation
19 .International financial integration through the law of one price
20 .Market discipline under systemic risk - evidence from bank runs in emerging economies
21 .Why do emerging economies borrow short term?
22 .Coping with risk through mismatches : domestic and international financial contracts for emerging economies
23 .Distributional effects of crises : the role of financial transfers
24 .The price of inconvertible deposits - the stock market boom during the Argentine crisis
25 .Migration, spillovers, and trade diversion : the impact of internationalization on stock market liquidity
26 .Government bonds in domestic and foreign currency: the role of macroeconomic and institutional factors
27 .Living and dying with hard pegs : the rise and fall of Argentina's currency board
28 .Financial globalization : unequal blessings
29 .Short-run pain, long-run gain : the effects of financial liberalization
30 .Explaining the migration of stocks from exchanges in emerging economies to international centers
31 .Pricing currency risk : facts and puzzles from currency boards
32 .The World Bank economic review 16 (2)
33 .Emerging markets instability: do sovereign ratings affect country risk and stock returns?
34 .Short and long-run integration : do capital controls matter ?
35 .Crisis and contagion in East Asia : nine lessons
36 .Mutual fund investment in emerging markets - an overview
37 .Global transmission of interest rates : monetary independence and the currency regime
38 .Managers, investors, and crises : mutual fund strategies in emerging markets
39 .Verifying exchange rate regimes
40 .Globalization and firms' financing choices - evidence from emerging economies
41 .Predicting currency fluctuations and crises - do resident firms have an informational advantage?
42 .What triggers market jitters? A chronicle of the Asian crisis
43 .Do depositors punish banks for "bad" behavior? : market discipline in Argentina, Chile, and Mexico
44 .The impact of policy announcements and news on capital markets : crisis management in Argentina during the Tequila Effect
45 .Country funds and asymmetric information




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