Publications-Journal Articles:
2024
SME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis, with Pierre Olivier Gourinchas, Veronika Penciakova, and Nick Sander
2023
How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts on SMEs and Aggregate Implications for Industry Concentration, with Bent E. Sørensen, Carolina Villegas-Sanchez, Vadym Volosovych, and Sevcan Yesiltas
2022
Gross Capital Flows by Banks, Corporates and Sovereigns, with Stefan Avdjiev, Bryan Hardy, and Luis Serven
Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis, with Luc Laeven and David Moreno
2021
COVID-19 and SMEs: A 2021 “Time Bomb”?∗ with Pierre-Olivier Gourinchas, Veronika Penciakova and Nick Sander
American Economic Review Papers and Proceedings, vol 111, pp. 282 –
86, May 2021
PDF
Fiscal Policy in the Age of COVID: Does it ‘Get in all of the Cracks?’, with Pierre-Olivier Gourinchas, Veronika Penciakova, and Nick Sander
Jackson Hole Symposium Proceedings 2021.
PDF
Quantifying the Productivity Gains from Foreign Investment, with Bent Sorensen, Vadym Volosovych, Carolina Villegas-Sanchez, and Christian Fons-Rosen
2020
Does Trade Cause Capital to Flow? Evidence from Historical Rainfalls, with Alex Nikolsko-Rzevhskyy
Journal of Development Economics, 147 (2020) 102537
PDF
Capital Flows and Leverage, with Jun Hee Kwak
Annual Review of Economics, 12 (2020) 833-846
PDF
2019
2017
Capital Allocation and Productivity in South Europe, with Gita Gopinath, Loukas Karabarbounis, and Carolina Villegas-Sanchez
2016
What Hinders Investment in the Aftermath of Financial Crises? Insolvent Firms or Illiquid Banks?, with Herman Kamil and Carolina Villegas-Sanchez
Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances, with Jingting Fan
IMF Economic Review, June 2016, Vol. 64(2), 239-267.
PDF
2014
Deep Financial Integration and Macroeconomic Volatility, with Bent Sorensen and Vadym Volosovych
Journal of European Economic Association, December 2014, Vol.
12(6), 1558-1585.
PDF
Sovereigns, Upstrems Capital Flows and Global Imbalances, with Laura Alfaro and Vadym Volosovych
Journal of European Economic Association, October 2014, Vol.
12(5), 1240-1284.
PDF
Debt Crisis and Risk Sharing: The Role of Markets versus Sovereigns, with Bent Sørensen and Emiliano Luttini
Scandinavian Journal of Economics, January 2014, Vol. 216,
253-276.
PDF
2013
How Big are the Gains from International Financial Integration?, with Indrit Hoxha and Dietz Vollrath
Journal of Development Economics, July 2013, Vol. 103,
90-98.
PDF
HIV and Fertility in Africa: First-Evidence from Population Based Surveys, with Chinhui Juhn and Belgi Turan
Journal of Population Economics, July 2013, Vol. 26(3),
835-853.
PDF
Financial Regulation, Financial Globalization and the Synchronization of Economic Activity, with Elias Papaioannou and Jose Luis Peydro
Journal of Finance, May 2013, Vol. 68(3),
1179-1228.
PDF
Global Banks and Crisis Transmission, with Elias Papaioannou and Fabrizio Perri
Journal of International Economics, March 2013, Vol. 89(2),
495-510.
PDF
2012
Leverage Across Firms, Banks, and Countries, with Bent Sorensen and Sevcan Yesiltas
Journal of International Economics, November 2012, 88(2),
284-298.
PDF
2011
AIDS, Reversal of the Demographic Transition and Economic Development: Evidence from Africa
Journal of Population Economics, 2011, Vol. 25(3),
871-897.
PDF
HIV and Fertility Revisited, with Belgi Turan
Journal of Development Economics, 2011, Vol.
96(1),61-65.
PDF
2010
Why Does Capital Flow to Rich States?, with Bent Sorensen, Ariell Reshef, and Oved Yosha
Review of Economics and Statistics, November 2010,
92(4), 769-783.
PDF
Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages, with Laura Alfaro, Areendam Chanda, and Selin Sayek
Journal of Development Economics, March 2010, 91(2),
242-256.
PDF
2009
FDI, Productivity and Financial Development, with Laura Alfaro and Selin Sayek
World Economy, January 2009, 32(1), 111-135.
PDF
2008
Why doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation, with Laura Alfaro and Vadym Volosovych
Review of Economics and Statistics, 90,
2008.
PDF
The Uncertain Lifetime and the Timing of Human Capital Investment,
Journal of Population Economics, 21 (3),
2008.
PDF
2007
Financial Integration within EU Countries: The Role of Institutions, Confidence and Trust, with Mehmet Fatih Ekinci and Bent Sorensen
NBER International Seminar on
Macroeconomics, 2007.
Review by VoxEU.org, November 28, 2007
PDF
Review by VoxEU.org, November 28, 2007
2004
FDI and Economic Growth: The Role of Local Financial Markets,with Laura Alfaro, Areendam Chanda, and Selin Sayek
Journal of International Economics, 64 (1),
2004.
PDF
2003
Risk Sharing and Industrial Specialization: Regional and International Evidence, with Bent Sorensen, and Oved Yosha
American Economic Review, 93 (3), 2003.
PDF
A Stochastic Model of Mortality, Fertility, and Human Capital Investment
Journal of Development Economics, 70 (1),
2003.
PDF
2002
Does Mortality Decline Promote Economic Growth?
Journal of Economic Growth, 7 (4), 2002.
PDF
2001
Economic Integration, Industrial Specialization, and the Asymmetry of Macroeconomic Fluctuations,with Bent Sorensen and Oved Yosha
Journal of International Economics, 55 (1),
2001.
PDF
2000
Mortality Decline, Human Capital Investment and Economic Growth, with Harl Ryder and David N. Weil
Journal of Development Economics, 62 (1),
2000.
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