Publications
"Long-Horizon Exchange Rate Expectations", with Lukas Kremens and Ian Martin.
Journal of Finance, forthcoming, March 2025.
"Firms, Currency Hedging and Financial Derivatives", with Laura Alfaro and Mauricio Calani.
Handbook of Financial Integration, Chapter 15, May 2024, 340:370.
"Exchange Rate Exposure and Firm Dynamics", with Juliana Salomao, [Appendix] [Slides] [Video: 2019 IMF Annual Research Conference]
The Review of Economic Studies, 2022, Vol 89, Issue 1: 481:514.
"Reallocation, Competition and Productivity: Evidence from a Financial Liberalization Episode", [Appendix] [Slides].
The Review of Economic Studies, 2018, Vol. 85, Issue 2: 1279:1313.
"Sector Heterogeneity and Credit Market Imperfections in Emerging Markets", [Appendix].
Journal of International Money and Finance. 2017. Vol 70: 433-451.
Current Research
"The Micro and Macro Dynamics of Capital Flows", with Felipe Saffie and Kei-Mu Yi, R&R in RESTUD, NBER Working Paper 27371, July 2025.
"Global and Local Risks in Foreign Currency Operations", with Francisco Legaspe, April 2025. [Draft available upon request]
"Five Facts about the UIP Premium", with Sebnem Kalemli-Ozcan, CEPR Discussion Paper 16244, August 2024.
"Granular Corporate Hedging Under Dominant Currency", with Laura Alfaro and Mauricio Calani, CEPR Discussion Paper 16232, February 2023.
"Multinationals and Structural Change", with Vanessa Alviarez, Cheng Chen, Nitya Pandalai-Nayar, Kei-Mu Yi and Hongyong Zhang, NBER Working Paper 30494, September 2022.
"Innovation and the Patterns of Trade: A Firm-Level Analysis" , with Ana Maria Santacreu, CAGE WP 404, February 2019.
"Export Elasticities and Balance Sheet Effects: How Do Depreciations Affect Export Choices?", April 2014.