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Sergio L. Schmukler

Lead Economist


Sergio Schmukler bio photo 
Sergio Schmukler
Publications, working papers, and datasets.
Highlighted Research
Macroeconomics and Growth Research Group








SERGIO SCHMUKLER is Lead Economist at the World Bank Research Department. He obtained his Ph.D. from U.C. Berkeley in 1997, when he joined the World Bank. 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, capital markets, financial development, and institutional investors. He has also co-authored and edited four books published by Elsevier, McGraw Hill, Stanford University Press, and the World Bank.



















World Bank Research Dataset

Lakner-Milanovic (2013) World Panel Income Distribution (LM-WPID)
Trade Flows and Trade Disputes dataset

World Bank working papers and publications

1 .The long and the short of emerging market debt
2 .Drivers and obstacles to banking SMEs : the role of competition and the institutional framework
3 .Pension funds and capital market development
4 .Crises, capital controls, and financial integration
5 .Patterns of international capital raisings
6 .Bank involvement with SMEs : beyond relationship lending
7 .Emerging market liquidity and crises
8 .Innovative experiences in access to finance : market friendly roles for the visible hand ?
9 .Stock market development under globalization : whither the gains from reforms ?
10 .International financial integration through equity markets : which firms from which countries go global ?
11 .Capital market development : whither Latin America ?
12 .The international financial integration of China and India
13 .The World Bank research observer 22 (1)
14 .Financial development in Latin America : big emerging issues, limited policy answers
15 .Internationalization and the evolution of corporate valuation
16 .International financial integration through the law of one price
17 .Market discipline under systemic risk - evidence from bank runs in emerging economies
18 .Why do emerging economies borrow short term?
19 .Distributional effects of crises : the role of financial transfers
20 .The price of inconvertible deposits - the stock market boom during the Argentine crisis
21 .Migration, spillovers, and trade diversion : the impact of internationalization on stock market liquidity
22 .Government bonds in domestic and foreign currency: the role of macroeconomic and institutional factors
23 .Financial globalization : unequal blessings
24 .Short-run pain, long-run gain : the effects of financial liberalization
25 .Explaining the migration of stocks from exchanges in emerging economies to international centers
26 .Pricing currency risk : facts and puzzles from currency boards
27 .The World Bank economic review 16 (2)
28 .Emerging markets instability: do sovereign ratings affect country risk and stock returns?
29 .Short and long-run integration : do capital controls matter ?
30 .Crisis and contagion in East Asia : nine lessons
31 .Mutual fund investment in emerging markets - an overview
32 .Globalization and firms' financing choices - evidence from emerging economies
33 .Predicting currency fluctuations and crises - do resident firms have an informational advantage?
34 .Do depositors punish banks for "bad" behavior? : market discipline in Argentina, Chile, and Mexico