International Reserves

Browse by topic: Financial Crises and Macroprudential Policy · International Reserves · Banking · Monetary Policy · Sovereign Debt · Geoeconomics · Heterogeneous Agents
International Sanctions and Dollar Dominance
International Sanctions and Dollar Dominance
with César Sosa-Padilla (2025)
Economic Journal
[Paper][Journal link]
International Reserve Management under Rollover Crises
International Reserve Management under Rollover Crises
with Mauricio Barbosa-Alves and César Sosa-Padilla — February 2025
Quarterly Journal of Economics, 2026
[Paper][Slides][Journal link][Policy highlights] [Thread]
A Macroprudential Theory of Foreign Reserve Accumulation
A Macroprudential Theory of Foreign Reserve Accumulation
with Fernando Arce and Julien Bengui
Revise and Resubmit, American Economic Journal: Macroeconomics
[Paper]
Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk
Reserve Accumulation, Macroeconomic Stabilization and Sovereign Risk
with César Sosa-Padilla (2023)
Review of Economic Studies
[Paper] [Journal link] [Thread]
The Macroeconomic Consequences of International Financial Sanctions
The Macroeconomic Consequences of International Financial Sanctions
with César Sosa-Padilla (2023)
AEA Papers and Proceedings
[Paper][Journal link]
The Prudential Use of Capital Controls and Foreign Currency Reserves
The Prudential Use of Capital Controls and Foreign Currency Reserves
with Guido Lorenzoni (2022)
Handbook of International Economics, Vol. V
[Paper][Slides] [Journal link]
Exchange Rate Policies at the Zero Lower Bound
Exchange Rate Policies at the Zero Lower Bound
with Manuel Amador, Luigi Bocola, and Fabrizio Perri (2020)
Review of Economic Studies (Featured Article)
[Paper][Journal link][Older WP]
International Reserves and Rollover Risk
International Reserves and Rollover Risk
with Juan Carlos Hatchondo and Leonardo Martinez (2018)
American Economic Review
[Paper][Journal link]
Policy Coverage: Bank of Canada
Reverse Speculative Attacks
Reverse Speculative Attacks
with Manuel Amador, Luigi Bocola, and Fabrizio Perri (2016)
Journal of Economic Dynamics and Control
[Paper] [Journal link][Code]
Foreign Reserve Management
Foreign Reserve Management (slides)
with Manuel Amador, Luigi Bocola, and Fabrizio Perri