Policy Work

IMF Policy Papers

1. Sovereign Climate Debt Instruments: An Overview of the Green and Catastrophe Bond Markets (IMF Staff Climate Notes), 2022.

2. Review of The Institutional View on The Liberalization and Management of Capital Flows, 2022.

3. Toward an Integrated Policy Framework, 2020.

4. The Fund’s Lending Framework and Sovereign Debt - Preliminary Considerations, 2014.

5. Macroeconomic Issues in Small States and Implications for Fund Engagement, 2013.

6. Sovereign Debt Restructuring - Recent Developments and Implications for the Fund's Legal and Policy Framework, 2013.

IMF Staff Reports

1. Colombia (Article IV Consultation), 2017.

2. Colombia (Review Under the Flexible Credit Line Arrangement), 2017.

3. Peru (Article IV Consultation), 2017.

4. Colombia (Article IV Consultation), 2016.

5. Colombia (Arrangement Under the Flexible Credit Line), 2016.

6. Peru (Article IV Consultation), 2016.

7. Rwanda (Third Review Under the Policy Support Instrument), 2015.

8. El Salvador (Article IV Consultation), 2013.

IMF Selected Issues Papers

1. Colombia (Monetary Policy and Financial Conditions; Housing Finance and Real Estate Markets in Colombia), 2017.

2. Colombia (Monetary and Financial Conditions in Colombia), 2016.

3. Peru (The Adjustment to Commodity Price Shocks in Chile, Colombia and Peru), 2016.

Other

1. Sovereign CoCos, IMF Research Perspectives, 2023.

2. Debt and Fiscal Commitment, Finance & Development Magazine, 2022.

3. Where are all the GDP-linked bonds? IMF Research Perspectives, 2021.

4. Peru's Future Growth Can be Lifted Through Structural Reforms, IMF Country Focus, 2017.

5. Dealing with the Gathering Clouds, Sub-Saharan Africa Regional Economic Outlook, 2015.

6. Navigating Headwinds, Sub-Saharan Africa Regional Economic Outlook, 2015.

7. Staying the Course, Sub-Saharan Africa Regional Economic Outlook, 2014.

IMF Working Papers

1. Integrated Monetary and Financial Policies for Small Open Economies, 2023.

2. How Large is the Sovereign Greenium? 2023

3. Debt Mutualization in the Euro Area: A Quantitative Exploration, 2023.

4. Sovereign Debt, 2022.

5. Sovereign Cocos, 2022.

6. Numerical Fiscal Rules for Economic Unions: the Role of Sovereign Spreads, 2021.

7. Uncertainty Premia, Sovereign Default Risk, and State-Contingent Debt, 2021.

8. Robust Optimal Macroprudential Policy, 2021.

9. Constrained Efficient Borrowing with Sovereign Default Risk, 2020.

10. A Conceptual Model for the Integrated Policy Framework, 2020.

11. Housing Finance and Real Estate Markets in Colombia, 2017.

12. The Adjustment to Commodity Price Shocks in Chile, Colombia, and Peru, 2017.

13. The Dynamics of Sovereign Debt Crises and Bailouts, 2016.

14. Fiscal Rules and the Sovereign Default Premium, 2012.