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• "The African Financial Development and Financial Inclusion Gaps" (with Franklin Allen, Elena Carletti, Robert Cull, Jun "QJ" Qian and Lemma Senbet), Journal of African Economies, 2014.


• “Sovereign Ceilings “Lite”? The Impact of Sovereign Ratings on Corporate Ratings in Emerging Market Economies” (with Kevin Cowan and Eduardo Borensztein), Journal of Banking and Finance, 2013.


• "Financial Openness, Market Structure and Private Credit: An Empirical Investigation" (with Ronald Fischer), Economics Letters,  2013.


• “Who Benefits From Capital Account Liberalization? Evidence From Firm-Level Credit Ratings Data” (with Alessandro Prati and Martin Schindler), Journal of International Money and Finance, 2012.


• "The Determinants of Corporate Risk in Emerging Markets: An Option-Adjusted Spread Analysis” (with Eduardo Cavallo), International Journal of Finance and Economics, 2010.


• “Debt Sustainability under Catastrophic Risk: The Case for Government Budget Insurance” (with Eduardo Borensztein and Eduardo Cavallo), Risk Management and Insurance Review, 2009.


• Evaluación del Impacto de la Capacitación en la Productividad (with Eduardo Soto and Hugo Vergara), Serie Vector Nº 9, Fundes, 2003.


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