World Bank Research and Development Center in Chile

The World Bank Research and Development Center in Chile was established by the Government of Chile and the World Bank Development Economics Vice Presidency in 2017. Following the new agreement signed on October 19, 2018, the Center is fully devoted to financial sector work.

The Center promotes and conducts research related to financial development relevant to Chile and other countries. The goal is to generate and disseminate knowledge that will inform policy makers, practitioners, and the academic community, with the idea that the financial sector can foster growth across the economy for a more prosperous and equitable society.

Papers

• Calomiris, Charles, Larrain, Mauricio, and Schmukler, Sergio, 2018. “Capital Inflows, Equity Issuance Activity, and Corporate Investment,” NBER Working Paper 24433 and World Bank Policy Research Working Paper 8405. Forthcoming in the Journal of Financial Intermediation.
• Schmukler, Sergio, Tessada, Jose, Vasquez, Cristian, and Vera, Mario, 2018. “Winners and Losers from Interest Rate Ceilings: Quasi-experimental Evidence from Chile,” mimeo.
• Calomiris, Charles, Larrain, Mauricio, Schmukler, Sergio, Williams, Tomas, 2019. "Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses," NBER Working Paper 25979 and World Bank Policy Research Working Paper 8890.

Research & Policy Briefs

• Cortina, Juan and Schmukler, Sergio, 2018. “The Fintech Revolution: A Threat to Global Banking?” Research and Policy Brief No. 14, World Bank Chile Center and Malaysia Hub.
• Cortina, Juan, Didier, Tatiana, and Schmukler, Sergio, 2018. "Corporate Borrowing in Emerging Markets: Fairly Long Term, but Only for a Few,” Research and Policy Brief No. 18, World Bank Chile Research Center and Malaysia Hub.
• Abraham, Facundo, Schmukler, Sergio, and Tessada, José, 2019. “Robo-Advisors: Investing through Machines," Research and Policy Brief No. 21, World Bank Chile Center and Malaysia Hub.
• Abraham, Facundo, Schmukler, Sergio, and Tessada, Jose, 2019. "Financial Innovation and Additionality: The Power of Economic Analysis and Data Analytics,” Research and Policy Brief No. 23, World Bank Chile Center and Malaysia Hub.
• Abraham, Facundo, Schmukler, Sergio, and Tessada, Jose, 2019. "Using Big Data to Expand Financial Services : Benefits and Risks,” Research and Policy Brief No. 26, World Bank Chile Center and Malaysia Hub.

Conferences and Workshops

• Universidad Católica de Chile, Finance Conference, June 2018, MBA UC Building, Av. Libertador Bernardo O'Higgins 440, Santiago, Chile.
• Seminar “Capital Flows, Equity Issuance Activity, and Corporate Investment,” July 4, 2018, Comisión para el Mercado Financiero, Av. Libertador Bernardo O'Higgins 1449, Santiago, Chile.
• Presentation of the Global Financial Development Report 2017/2018, July 5, 2018, Universidad Adolfo Ibáñez, Sede Presidente Errázuriz, Sala Naranja, Santiago, Chile.
• Session on Bancarization, November 8-10, 2018, LACEA-LAMES 18th Annual Meeting, Guayaquil, Ecuador. Organized with the Bank for International Settlements and ESPOL University.
• Session on Financial Development at 2019 ASSA Meetings, Atlanta, USA. Organized with the Society for the Study of Emerging Markets (SSEM).
• Session on Money, Credit and Corporate Finance in Emerging Markets, at 2019 ASSA Meetings, Atlanta, USA. Organized with the Society for the Study of Emerging Markets (SSEM).
• Session on Financial Intermediation in Emerging Economies, at 2020 ASSA Meetings, San Diego, USA. Organized with the Society for the Study of Emerging Markets (SSEM).
• Conference on Financial Development and Stability, July 24, 2020, Santiago, Chile. Jointly organized by the SBIF, CMF, the World Bank Research & Development Center in Chile, ASBA, and Universidad Adolfo Ibañez.

Coordinators

• Mauricio Larrain, Commissioner, Financial Market Commission of Chile, Assistant Professor of Finance, Universidad Católica de Chile.
• Julio Riutort, Assistant Professor, Universidad Adolfo Ibáñez.
• Sergio Schmukler (contact person), Lead Economist, Development Research Group, World Bank.
• Jose Tessada, Associate Professor, Universidad Católica de Chile.

Researchers

• Anushka Baloián Gacitua, Universidad Católica de Chile.
• José Miguel Pascual, Universidad Católica de Chile.
• Cristian Rojas Olmedo, Superintendencia de Bancos e Instituciones Financieras de Chile (SBIF).
• Cristian Vasquez, Universidad Católica de Chile.
• Mario Vera, Superintendencia de Bancos e Instituciones Financieras de Chile (SBIF).