Research

Publications

"Capital controls and firm performance" (with S. Bauducco and E. Dardati). Journal of International Economics, 2024, vol.150.

"The political economy of sovereign defaults" (with G. Sandleris and A. Van der Ghote). Journal of Monetary Economics, 2019, vol. 104.

"Capital controls and the cost of debt" (with M. Schindler and P. Valenzuela). IMF Economic Review, 2019, vol. 67 (2), 288-314.

"Financial openness, domestic financial development and credit ratings" (with P. Valenzuela). Finance Research Letters, 2016, vol. 16, 11-18. 

"Sovereign default, enforcement and the private cost of capital".  International Review of Economics and Finance, 2015, vol. 39, 411-427.

Working Papers/Work in progress

"Beware the side effects: Capital controls, trade, misallocation and welfare" (with S. Bauducco,  E. Dardati and E. Mendoza).  NBER Working Paper 30963. R&R, Journal of Political Economy: Macroeconomics.

"Capital Flow Management Measures and Dollarization" (with V. Nuguer).  New Version. (Submitted)

"Exploring the Effects of FTAs on Chilean Exports: Heterogeneous responses and Financial Constraints" (with R. Alvarez). Submitted.

"Sovereign risk, firm financing and international trade" (with D. Kohn and G. Sandleris). New version coming soon.

"The Impact of Capital Controls and Macroprudential Policies on Firm Financial Constraints: Substitution Effects in Emerging Markets" (with J. De Gregorio, M. Jara and A. Undurraga). New version coming soon.

"Investment opportunities and corporate credit risk" (with P. Valenzuela).  CEA-University of Chile Working Paper 335