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Sergio L. Schmukler

Lead Economist

SERGIO SCHMUKLER is Lead Economist at the World Bank. He obtained his Ph.D. from U.C. Berkeley in 1997, when he started working at the World Bank’s Development Economics Research Group. He has also been Treasurer of LACEA-the Latin America and Caribbean Economic Association (since 2004), Associate Editor of the Journal of Development Economics (2001-2004), taught at the Department of Economics, University of Maryland (1999-2003), and worked at the International Monetary Fund Research Department (2004-2005). Previously, he worked at the U.S. Federal Reserve Board, 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 many articles in leading academic journals and edited volumes on emerging market finance, financial globalization, financial crises and contagion, financial development, and institutional investors. He also co-authored and edited four books published by Elsevier, McGraw Hill, Stanford University Press, and the World Bank.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


World Bank working papers and publications

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




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