(Disponible en idioma inglés únicamente) Durante los últimos años se le ha dedicado una atención considerable al riesgo de descalce de los vencimientos en los mercados emergentes. Aunque este riesgo es de naturaleza microeconómico, los elementos de juicio obtenidos hasta ahora han tomado...

Latin American economies are exposed to substantial external vulnerability. Domestic imbalances and terms of trade shocks are often exacerbated by sudden financial distress. This paper explores ways of overcoming external vulnerability, drawing lessons from a detailed comparison of the response...

The paper presents a new database on sovereign debt in the Americas, describing the sources used and briefly discussing several methodological issues. The paper also highlights major trends in level and composition of public debt in the Americas, discussing debt dollarization in detail.

This dissertation addresses two aspects of firm behavior in emerging markets. Chapters 1 and 3 consider the decision of firms to borrow in domestic or foreign currency and the implications of this decision on fixed capital and inventory investment. Chapter 2 explores the effects of institutions,...