About me
I am an Associate Professor of International Finance at George Washington University in Washington, D.C. My main fields of research are International Finance, Financial Economics and Empirical Banking. I have a special interest on financial intermediaries and how they affect international capital flows and economic activity. More specifically, I have been working on how the use of well-known benchmark indexes by financial intermediaries affects both financial markets and real economic activity.
More personally, I grew up in Buenos Aires, and studied economics at Universidad del CEMA. Afterwards, I moved to Barcelona and completed the Msc. in Economics at Barcelona GSE. Later on, I received my Ph.D. in Economics and Finance from Universitat Pompeu Fabra. I also spent one year as a visiting doctoral student in the Financial Markets Group (FMG) at the London School of Economics and Political Science.
Research
- “How ETFs Amplify the Global Financial Cycle in Emerging Markets”, with Nathan Converse and Eduardo Levy Yeyati, 2023, Review of Financial Studies.
- “Large International Corporate Bonds: Investor Behavior and Firm Responses”, with Charles Calomiris, Mauricio Larrain and Sergio Schmukler, 2022, Journal of International Economics.
- “Winners and Losers from Sovereign Debt Inflows”, with Fernando Broner, Alberto Martin, and Lorenzo Pandolfi, 2021, Journal of International Economics.
- “Real Effects of Sovereign Debt Inflow Shocks”, with Lorenzo Pandolfi, 2020, AEA Papers and Proceedings.
- “Capital Flows and Sovereign Debt Markets: Evidence from Index Rebalancings”, with Lorenzo Pandolfi, 2019, Journal of Financial Economics, vol. 132 (2), pp. 384-403.
- “Capital Inflows, Sovereign Debt and Bank Lending: Micro-Evidence from an Emerging Market”, 2018, Review of Financial Studies, vol. 31 (12), pp. 4958-4994.
- “International Asset Allocations and Capital Flows: The Benchmark Effect”, with Claudio Raddatz and Sergio Schmukler, 2017, Journal of International Economics, vol. 108, pp. 413-430.
- “Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds”, with Matias Moretti, Lorenzo Pandolfi, Sergio Schmukler, and German Villegas Bauer.
- “The Anatomy of Index Rebalancings: Evidence from Transaction Data”, with Mariana Escobar, Lorenzo Pandolfi, and Alvaro Pedraza.
- “Drug Money and Bank Lending: The Unintended Consequences of Anti-Money Laundering Policies”, with Pablo Slutzky and Mauricio Villamizar-Villegas.
- “Benchmark Indexing and Firm Financing”, with Fernando Broner, Juan Jose Cortina Lorente and Sergio Schmukler.
- “The Impact of Benchmark Investing by Institutional Investors on International Capital Allocations”, with Claudio Raddatz and Sergio Schmukler, Proceedings of the Sixth BIS/World Bank/Bank of Canada Public Investors’ Conference, 2018.
- “Financial Globalization in Latin America and the Caribbean: Myth, Reality, and Policy Matters”, with Eduardo Levy Yeyati, Emerging Issues in Financial Development: Lessons from Latin America, edited by Tatiana Didier and Sergio Schmukler.