Chapters in Books

After the Fall, (with Vincent R. Reinhart), forthcoming in Federal Reserve Bank of Kansas City Economic Policy Symposium, Macroeconomic Challenges: The Decade Ahead at Jackson Hole, Wyoming, on August 26-28, 2010.
Reprinted (with prologue) as:
"Después del Colapso," El Trimestre Económico, vol. LXXVII (4), núm. 304, Octubre-Diciembre, 2010.

Capital Flow Bonanzas: An Encompassing View of the Past and Present, (with Vincent R. Reinhart) in Jeffrey Frankel and Francesco Giavazzi (eds.) NBER International Seminar in Macroeconomics 2008, (Chicago: Chicago University Press for NBER, 2009).
Reprinted as: "Bonanzas de Capital:  Una Mirada que Abarca el Pasado y el Presente,"Ensayos Sobre Politica Economica, No. 20, (Bogotá: Banco de la Republica), December 2009.

Capital Controls: An Evaluation (with Nicolas Magud), in Sebastian Edwards (ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences (Chicago: Chicago University Press for the NBER, 2007).

The Center and the Periphery: The Globalization of Financial Shocks, (with Graciela  L. Kaminsky) NBER Working Paper 9479, February 2003 forthcoming in Carmen M. Reinhart, Carlos A. Végh and Andres Velasco eds. Capital Flows, Crisis, and Stabilization:  Essays in Honor of Guillermo A. Calvo. (Cambridge: MIT Press, 2008).
Reprinted in : H. Peter Gray and John R. Dilyard, eds. Globalization and International Economic Instability (Camberley: Edward Elgar, 2004).

Serial Default and Its Remedies, (with Kenneth S. Rogoff). Miguel Centeno, Harold James, and J. Londregan, eds. The Political Economy of Recurrent Debt. (Princeton, NJ: Princeton Institute for International and Regional Studies Monograph Series, Number 3, 2005). 4-18 (lead article).

FDI to Africa: The Role of Price Stability and Currency Instability (with Kenneth S. Rogoff), in Boris Pleskovic and Nicholas Stern, eds. Annual World Bank Conference on Development Economics 2002: The New Reform Agenda, (Washington, DC:  World Bank/Oxford University Press), 247-82. 

Ratings, Rating Agencies and the Global Financial System:  Summary and Policy Implications, (with Richard Levich and Giovanni Majnoni) in Richard Levich, Giovanni Majnoni, and Carmen M. Reinhart eds. Ratings, Rating Agencies and the Global Financial System  (New York: Kluwer Academic Press, 2002), 1-16.

Sovereign Credit Ratings Before and After Financial Crises, in Richard Levich, Giovanni Majnoni, and Carmen M. Reinhart, eds. Ratings, Rating Agencies and the Global Financial System, (New York: Kluwer Academic Press, 2002), 251-268.
Reprinted as: Tsao Rong Xiang, ed. Country Risk and Economic Stabilization in Developing Countries, (China: Social Sciences Documentation Publishing House, 2003).

What Hurts Most: G-3 Exchange Rate or Interest Rate Volatility? (with Vincent R. Reinhart) in Sebastian Edwards and Jeffrey Frankel, eds. Preventing Currency Crises in Emerging Markets (Chicago: University of Chicago Press for the NBER, 2001), 73-99.

Bank Lending and Contagion: Evidence from the Asian Crisis, (with Graciela L. Kaminsky), in Takatoshi Ito and Anne Krueger, eds. Regional and Global Capital Flows: Macroeconomic Causes and Consequences, (Chicago: University of Chicago Press for the NBER, 2001), 73-99.

Capital Controls During Financial Crises: The Case of Malaysia and Thailand, (with Hali Edison), in Reuven Glick ed. Financial Crises in Emerging Markets (Cambridge: Cambridge University Press, 2001), 427-456. 

Reflections on Dollarization, (with Guillermo A. Calvo), in Alberto Alesina and Robert Barro (eds.), Currency Unions (Stanford: Hoover Institute Press, 2001), 39-47.

The Dynamics of Capital Movements to Emerging Economies During the 1990s (with Peter Montiel) in Stephany Griffith-Jones, Manuel Montes, and Anwar Nasution eds. Short-term Capital Flows and Economic Crises, (Oxford: Oxford University Press, 2001), 3-28 (lead article).

When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options, (with Guillermo A. Calvo) in Peter Kenen and Alexandre Swoboda, eds. Reforming the International Monetary and Financial System, (Washington DC: International Monetary Fund, 2000), 175-201.

Saving in Latin America and Lessons from Europe: An Overview, (with William Plies), in Carmen M. Reinhart ed. Accounting for Saving: Financial Liberalization, Capital Flows, and Growth in Latin America and Europe (Washington DC: John Hopkins University Press for the Inter-American Development Bank, 1999), 3-47.

Too Much of a Good Thing: the Macroeconomic Effects of Taxing Capital Inflow, (with R.Todd Smith), in Reuven Glick, ed. Managing Capital Flows and Exchange Rates: Perspectives from the Pacific Basin, (Cambridge: Cambridge University Press, 1998), 436-464.

Some Lessons for Policy Makers Who Deal with the Mixed Blessing of Capital Inflows, (with Vincent R. Reinhart) in Miles Kahler, ed. Capital Flows and Financial Crises, Council on Foreign Relations Book (Ithaca, NY: Cornell University Press, 1998), 93-127.

Capital Flows to Latin America: Is There Evidence of Contagion Effects? (with Sara Calvo), in Guillermo A. Calvo, Morris Goldstein, Eduard Hochreiter, eds. Private Capital Flows to Emerging Markets After the Mexican Crisis (Washington, DC: Institute for International Economics, 1996), 151-171.
First very different working paper version.
Reprinted in: New World Order Series Vol. 18 Adjustment in Latin America. Hans Singer, N.Hatti, Rameshwar Tandon eds., (New Dehli: Indus Publishing Co., 1998).

Capital Inflows to Latin America with Reference to the Asian Experience, (with Guillermo A. Calvo and Leonardo Leiderman), in Sebastian Edwards, ed. Capital Controls, Exchange Rates and Monetary Policy in the World Economy, (Cambridge: Cambridge University Press, 1995), 339-382.

Capital Inflows to Latin America: The 1970s and 1990s,  (with Guillermo A. Calvo and Leonardo Leiderman), in Edmar Bacha, ed. Economics in a Changing World, Vol. 4 Development, Trade and the Environment, (London: Macmillan Press, 1994), 123-148.

A Model of Adjustment and Growth: An Empirical Analysis, in Mohsin S. Khan, Peter Montiel, and Nadeem Ul Haque, eds. Macroeconomic Models for Adjustment in Developing Countries, (Washington, DC: International Monetary Fund, 1991), 10-37 (lead article).