World Bank Research and Development Center in Chile

Santiago, chile. View from Cerro San Cristobal.

The Research and Development Center in Chile conducts research on financial development relevant to Chile and other countries and generates knowledge to inform policymakers, practitioners, and the academic community on how the financial sector can foster growth across the economy for a more prosperous and equitable society.

For more information contact: Sergio Schmukler.

Featured
Events
Research
Who We Are

FEATURED
Financing Firm Growth: The Role of Capital Markets in Low- and Middle-Income Countries
Joint IFC-World Bank Report, March 2025
A new book from the World Bank Group, Financing Firm Growth, explores the surge in capital market financing in low- and middle-income countries from 1990 to 2022. Drawing on data from nearly 80,000 firms worldwide, the study shows how capital markets have been a key driver of investment and job creation in developing countries. The research highlights how equity and bond markets foster growth in developing economies, contributing $4 trillion in capital and generating 5 percent more jobs over three decades.
Report Landing Page | Launch Event | Capital Markets Portal

Crisis Credit, Employment Protection, Indebtedness, and Risk
Federico Huneeus, Joseph P. Kaboski, Mauricio Larrain, Sergio L. Schmukler, Mario Vera
World Bank Policy Research Working Paper 10958, October 2024 | Central Bank of Chile Working Paper 1035

Annual Meeting of the Chilean Economic Society - SECHI 2024 | Boom in Green Finance | September 5, 2024
International Seminar on Trade (ISoT) | May 5-6, 2025 | Register here
Macro/Trade/Finance Seminar Series | The End of Oil | April 2, 2025
Capital Markets: Financing Firm Growth | March 27, 2025
Macro/Trade/Finance Seminar Series | How Globalization Changes the Level and Structure of Executive Compensation | March 27, 2025
Macro/Trade/Finance Seminar Series | Robots and Inequality Between and Within Occupations | March 20, 2025
Financing Firm Growth: The Role of Capital Markets in Low- and Middle-Income Countries Report Launch | March 13, 2025
Macro/Trade/Finance Seminar Series | The Spatial Distribution of Income in Cities: Cross-Country Evidence and Theory | March 13, 2025
Macro/Trade/Finance Seminar Series | Sectoral Development Multipliers | March 06, 2025
Macro/Trade/Finance Seminar Series | Industrial policies for multi-stage production: The battle for battery-powered vehicles | February 27, 2025
Purchasing Prosperity: The Economics of Government Procurement | January 28, 2025
Macro/Trade/Finance Seminar Series | Misallocation in Firm Production: A Nonparametric Analysis Using Procurement Lotteries | December 12, 2024
LCR Economics Seminar Series: Insights from Evidence on Colombia's Regularization Programs for Venezuelan Forced Migrants | December, 10, 2024
Macro/Trade/Finance Seminar Series | Global Conflict and Local Agricultural Policy in Rwanda | Kevin Donovan (Yale University) | Thursday December 5, 2024
Macro/Trade/Finance Seminar Series | Minimum wages, inequality and the informal sector | November 21, 2024
Designing Better Green Finance: Insights for the Next Generation of Sustainable Investment | November 26, 2024
Macro/Trade/Finance Seminar Series | World-wide Crime | Klaus Schmidt-Hebbel (Universidad del Desarrollo, Chile)| Thursday, November 7, 2024
Macro/Trade/Finance Seminar Series (joint with IMF) |The Secular Decline of Bank Balance Sheet Lending | Greg Buchak (Stanford University) | Wednesday, November 6, 2024
Macro/Trade/Finance Seminar Series | The Macroeconomic Impact of Climate Change: Global vs. Local Temperature | Adrien Bilal (Stanford University) | Thursday October 31, 2024
6th Washington Area International Finance Symposium (WAIFS) | October 11, 2024
Macro/Trade/Finance Seminar Series | Homework in Climate Economics: Household Production, Carbon Emissions, and Climate Policy | Stephie Fried (SF Fed) |Thursday October 3, 2024
6^th Annual World Bank/IFS/ODI Public Finance Conference | Driving Progress: Public Finance and Structural Transformation | September 26-27, 2024
Macro/Trade/Finance Seminar Series | Quantitative Economic Geography | Treb Allen (Dartmouth College) | Thursday September 19, 2024
View more photos of the event ›
Annual Meeting of the Chilean Economic Society - SECHI 2024 | Boom in Green Finance | September 5, 2024

DEC Chief Economist Seminar | Private Finance for Public Infrastructure: The Parable of the Emerging Markets Database | Peter Blair Henry (Hoover Institution & FSI Stanford University) | June 13, 2024 | 12:00 - 2:00pm ET
Macro/Trade/Finance Seminar Series | Anatomy of Technology and Tasks in the Establishment | Diego Comin (Dartmouth) | June 5, 2024
Macro/Trade/Finance Seminar Series | Competitive Capture of Public Opinion | Gerard Padró I Miquel (Yale University) | May 30, 2024
Macro/Trade/Finance Seminar Series | The Skyscraper Revolution: Global Economic Development and Land Savings | Remi Jedwab (George Washington University) | May 23, 2024
Macro/Trade/Finance Seminar Series | Trade-Policy Dynamics: Evidence from 60 Years of U.S.-China Trade| Shafaat Yar Khan (Syracuse University) | May 16, 2024
Macro/Trade/Finance Seminar Series | The Effects of Immigration on Places and Individuals – Identification and Interpretation | Christian Dustmann (University College London) | May 9, 2024
Macro/Trade/Finance Seminar Series (Joint with IMF)| The Baltic Exchange: Weather Risk and International Trade in Early Modern Europe | Kerem Cosar (University of Virginia) | May 2, 2024
Macro/Trade/Finance Seminar Series | The Macroeconomics of Intensive Agriculture | Hannes Malmberg (University of Minnesota) | April 25, 2024
Macro/Trade/Finance Seminar Series | Global Supply Chains: The Looming “Great Reallocation” | Laura Alfaro (Harvard Business School) | April 11, 2024
WDR 2024 Seminar Series | Open Digital Payment Infrastructure and Credit Access: Evidence from India's UPI | Pulak Ghosh (Indian Institute of Management, Bangalore) | April 9, 2024
Macro/Trade/Finance Seminar Series | No Country for Dying Firms: Evidence from India | Yingyan Zhao (George Washington University) | April 4, 2024
Macro/Trade/Finance Seminar Series | Ethnic Remoteness Reduces the Peace Dividend | Klaus Desmet (Southern Methodist University) | March 28, 2024
Policy Research Talk | Self-Arming or Self-Harming? Assessing Trade Policies in Low- and Middle-Income Countries | March 26, 2024
Macro/Trade/Finance Seminar Series | Supplier Churn and Growth: A Micro-to-Macro Analysis | Ariel Burstein (UCLA) | March 21, 2024
Macro/Trade/Finance Seminar Series | Understanding Migration Responses to Local Shocks | Kirill Borusyak (University of California, Berkeley) | March 14, 2024
Macro/Trade/Finance Seminar Series | On the Investment Network and Development | Julieta Caunedo (Cornell University) | March 6, 2024
NBER “Financial Market Frictions and Systemic Risk,” March 2024
NBER “International Finance and Macroeconomics,” March 2024
NBER “Emerging Markets,” May 2024
Macro/Trade/Finance Seminar Series (Joint with IMF) |The International Monetary System and Safe Assets| Markus Brunnermeier (Princeton University) | February 7, 2024
ASSA 2024 Annual Meeting | Paper Session: International Capital Flows, Sovereign Debt, and Financial Risks | January 5, 2024
Macro/Trade/Finance Seminar Series | Urban-Biased Growth: A Macroeconomic Analysis | Conor Walsh (Columbia Business School) | December 7, 2023
Macro/Trade/Finance Seminar Series | Earnings Inequality in Production Networks | Kory Kroft (University of Toronto and NBER) | November 30, 2023
World Development Report 2024 Seminar Series | Higher Education for Social Mobility and Talent Development: The Case of Chile | Sebastian Gallegos (Adolfo Ibáñez University) and Ricardo Paredes (Minister, Free Trade Special Court) | October 25, 2023
Ninth IMF-WB-WTO Trade Conference | October 24-25, 2023
WDR 2024 Series | Distortions and Firm Dynamics in Development Countries | Roberto Fattal Jaef (World Bank) | October 18, 2023
Macro/Trade/Finance Seminar Series | Innovation and Trade Policy in a Globalized World | Sina Ates (Federal Reserve Board) | October 19, 2023
Macro/Trade/Finance Seminar Series | Political Connections, Allocation of Stimulus Spending, and the Jobs Multiplier | Felipe Saffie (University of Virginia) | October 10, 2023
Macro/Trade/Finance Seminar Series | How Important are Investment Indivisibilities for Development? Experimental Evidence from Uganda | Joseph Kaboski (University of Notre Dame) | October 5, 2023
Macro/Trade/Finance Seminar Series | A Framework for Geoeconomics | Mateo Maggiori (Stanford University) | September 28, 2023
World Development Report 2024 Seminar Series | The Developmental Trinity: Institutions, Infrastructure, and Technology | Craig Chikis (University of Chicago) | September 27, 2023
Global Indicators Seminar Series | Wealth Taxes and Firms’ Capital Structures: Credit Supply and Real Effects | Miguel Sarmiento (Banco de la República, Colombia) | September 20, 2023
The 5th World Bank/IFS/ODI Tax Conference: The Political Economy of Public Finances | September 21-22, 2023
Policy Research Talk | World Development Report 2023: Migrants, Refugees, and Societies | June 29, 2023
Macro/Trade/Finance Seminar Series | Speaker: Joseph Shapiro (Berkeley) | Institutions, Comparative Advantage, and the Environment | June 22, 2023 | Webex Connection
Macro/Trade/Finance Seminar Series | Speaker: Ezra Oberfield (Princeton University & NBER) | Growth and the Fragmentation of Production | June 15, 2023
Annual Bank Conference on Development Economics (ABCDE): Growth and Resilience | June 5-6, 2023 | Register
Knowledge Seminar on Trade and Private Sector Development | June 1, 2023 | Attend In Person | Attend Virtually
Artificial Intelligence, Big Data, and Policy | May 17, 2023 | Register to attend virtually
Covid-19 Pandemic and SMEs Performance in Latin America | LCR Economics Seminar Series | April 21, 2023 | Join using Webex
Trade and Global Value Chains in Times of Insecurity | May 2-3, 2023
Policy Research Talk | The Long Term Growth Model: Fundamentals, Extensions, and Applications | Presentation | Recording | Book | March 21, 2023
Macro/Trade/Finance Seminar | Understanding the Inequality and Welfare Impacts of Carbon Tax Policies | Will Peterman (Federal Reserve Board) | March 16, 2023
Macro/Trade/Finance Seminar | Part 1: Using Large Language Models and Cognitive Automation for Research | Part 2: The Economics of Transformative Al | Anton Korinek (University of Virginia / Brookings) | March 9, 2023
World Bank-IMF Macro/Trade/Finance Seminar | Additive Growth | Thomas Philippon (New York University Stern) | March 2, 2023
20 Years of Research, Data, and Analytics on Poverty, Inequality and Human Capital
February 2, 2023 | Register (Zoom)
Services and Structural Transformation Workshop
February 1, 2023
Macro/Trade/Finance Seminar Series: The Fiscal Theory of the Price Level and Expectations and the Neutrality of Interest Rates | John Cochrane (Stanford University)
February 1, 2023
7th Urbanization and Poverty Reduction Research Conference
January 30-31, 2023
IFC Flagship Conference on Competition and Productivity: Fostering Private Sector Growth
January 23-24, 2023
The long and unequal road to recovery after COVID-19: Results of the High-Frequency Phone Surveys in Latin America and the Caribbean Region 2021
November 14, 2022
The Global Findex, Financial Inclusion & Resilience
November 15, 2022
Shocks and Global Imbalances: Conflicts, Migration and Climate Change
November 2, 2022 | Join using Zoom
The road to equality: New approaches to closing the fiscal gap
English | Español
Watch in English | Ver en español
October 6, 2022
LCR Economics Seminar Series: "Does Countercyclical Fiscal Policy Pay? The Relevance of Fiscal Acyclicality"
October 5, 2022 | Join using Webex
4th Washington Area International Finance Symposium
September 23, 2022 | Register (In Person) | Connect (Virtual)
4th World Bank Tax Conference: Global Tax Equity
September 22-23, 2022 | Virtual Registration
7ª Conferencia de Desarrollo y Estabilidad Financiera de la Comisión para el Mercado Financiero (CMF)
August 26, September 2, and September 9, 2022
Annual Bank Conference on Development Economics 2022: Recovery, Reform, and Business Environment
June 21-24, 2022
LCR Economics Seminar: The Good, the Bad, and the not-so Ugly of Credit Booms: Capital Allocation and Financial Constraints
June 27, 2022
Speaker: Claudio Raddatz (University of Chile)
Discussant: Ana Paula Cusolito (World Bank)
Chair: William Maloney (World Bank)
LCR Seminar | The Journey of Humanity: The Origins of Wealth and Inequality | Video
May 10, 2022
Speaker: Oded Galor (Brown University) | Presentation
Discussant: Felipe Valencia Caicedo (University of British Columbia) | Comments
Discussant: Sergio Schmukler (World Bank) | Comments
Chair: William Maloney (World Bank)
MTI Seminar | The Economics of Sovereign Debt and Default: An Analysis of Debt Dilution | Video
May 5, 2022
Speaker: Mark Aguiar (Princeton University) | Presentation
Discussant: Sergio Schmukler (World Bank) | Comments
Chair: Marcello Estevão (World Bank)
Call for applications to the Robert S. McNamara Fellowships Program (due April 4, 2022)
ASSA Annual Meetings 2022
Jan 7-9, 2022, Boston
Session: Firm Performance during Crises | Watch the Video
Organizer: Sergio Schmukler (World Bank)
Chair: Jose Tessada (Pontificia Universidad Católica de Chile)
LACEA-LAMES Annual Meetings 2021
October 20-22, 2021
Universidad del Rosario, Colombia
Session: Firm Performance during Crises
Organizer: Sergio Schmukler (World Bank)
Chair: Andrea Repetto (Universidad Adolfo Ibáñez)
3rd World Bank Tax Conference: New Tax Instruments
September 30-October 1, 2021
Annual Bank Conference on Development Economics 2021: Global Unrest
June 21–25, 2021
From Micro to Macro: Using Micro Data to Understand Macroeconomics and Public Policy
May 7, 2021 | 12-1:30 pm (USA, ET / Chile) | Colombia | Español
De lo Micro a lo Macro: Usando Datos Micro para Entender la Macroeconomía y la Política Pública
7 de Mayo 2021
Call for applications to the Robert S. McNamara Fellowships Program (due April 30, 2021)
ASSA Annual Meeting, January 3-5, 2021, Session on Firm Financing in Global Markets, Society for the Study of Emerging Markets (SSEM), organized by Sergio Schmukler (World Bank) and Tomas Williams (George Washington University), eSeminar. Those registered at the conference can watch the sessions here until March 1. A video recording of this session will be available after March 1, 2021.
Recovery from the Pandemic across the World: Balancing Short-term and Long-term Concerns (en Español), November 11, 2020, eSeminar in English | Watch the video | Presentations: Loayza | Milesi-Ferretti | Parrado | Covid eSeminar Series.
Conference on Financial Development and Stability, July 24, 2020, Santiago, Chile, organized with the SBIF, CMF, the World Bank Research & Development Center in Chile, ASBA, and Universidad Adolfo Ibañez. Postponed.
The Impact of COVID-19 in Latin America, May 19, 2020, eSeminar, organized with the Universidad Adolfo Ibánez, Video (English) and event materials (Press coverage: ADN Radio, Americas Quarterly, Diario Financiero, The Economist, La Tercera, Project Syndicate).
Excerpts (in English with Spanish subtitles)
How severe will the crisis be? (Twitter|Youtube)
Should countries aim for large stimulus packages? (Twitter|Youtube)
Will payment systems be at risk? (Twitter|Youtube)
Should governments try to save firms? (Twitter|Youtube)
Will there be enough international support? (Twitter|Youtube)
Can the crisis be an opportunity for economic reform? (Twitter|Youtube)
Financial Sector Policies to Salvage Firms Hit by COVID-19, April 29, 2020, eSeminar.
Video and event materials | World Bank Research and Policy Brief No. 30, April 13, 2020.
Financiamiento de Empresas Hibernando durante el Coronavirus, April 22, 2020, eSeminar.
(Financing Firms in Hibernation during the Coronavirus Pandemic), organized with the Universidad Católica de Chile, Video (Español) and events materials, World Bank Research and Policy Brief No. 30, April 13, 2020.
ASSA Annual Meeting 2020, January 3-5, 2020, San Diego, US.
Session on Financial Intermediation in Emerging Economies, organized with the Society for the Study of Emerging Markets (SSEM).
ASSA Annual Meeting 2019, January 4-6, 2019, Atlanta, US.
Session on Money, Credit and Corporate Finance in Emerging Markets, organized with the Society for the Study of Emerging Markets (SSEM).
Session on Financial Development, organized with the Society for the Study of Emerging Markets (SSEM).
LACEA-LAMES 18th Annual Meeting, November 8-10, 2018, Guayaquil, Ecuador.
Session on Bancarization, organized with the Bank for International Settlements and ESPOL University.
Presentation of the Global Financial Development Report 2017/2018, July 5, 2018, Universidad Adolfo Ibáñez, Sede Presidente Errázuriz, Sala Naranja, Santiago, Chile.
Seminar on Capital Flows, Equity Issuance Activity, and Corporate Investment, July 4, 2018, Comisión para el Mercado Financiero, Av. Libertador Bernardo O'Higgins 1449, Santiago, Chile.
Finance Conference, June 2018, Universidad Católica de Chile, MBA UC Building, Av. Libertador Bernardo O'Higgins 440, Santiago, Chile.
Journal Articles

Do Firms that State They Are Financially Constrained Tend to Reinvest More of Their Profits?
Camila Figueroa, Gonzalo Iberti, Julio Riutort, Rodrigo Wagner, International Review of Financial Analysis, 102902, November 2023
Bilateral International Investments: The Big Sur?
Fernando Broner, Tatiana Didier, Sergio L. Schmukler, Goetz von Peter, Journal of International Economics, 103795, July 2023 | Bank for International Settlements Working Paper 911 | CEPR Discussion Paper DP17656 | Bank for International Settlements Working Paper 911 | World Bank Policy Research Working Paper 9501 | Blog (English) | Blog (Español)
Replication files available here.
Large International Corporate Bonds: Investor Behavior and Firm Responses
Journal of International Economics, 103624, July 2022 | World Bank Policy Research Working Paper
Featured in the Financial Times, June 27, 2019 and in the NBER Digest, August 2019.
Replication files available upon request.
Capital Market Financing and Firm Growth
Tatiana Didier, Ross Levine, Ruth Llovet, and Sergio Schmukler, Journal of International Money and Finance 118: 102459, November 2021 | Working Paper Version
Global Corporate Debt during Crises: Implications of Switching Borrowing across Markets
Juan Jose Cortina, Tatiana Didier, Sergio Schmukler, Journal of International Economics 131: 103487, July 2021 | Working Paper Version
The Expansion of Corporate Bond Markets in East Asia and Latin America
Facundo Abraham, Juan Jose Cortina, Sergio Schmukler, Revue D'Economie Financière 141: 45-70, June 2021 | Working Paper Version | Blog
Capital Inflows, Equity Issuance Activity, and Corporate Investment
Charles Calomiris, Mauricio Larrain, and Sergio Schmukler, Journal of Financial Intermediation 46: 100845, April 2021 | Working Paper Version | NBER Working Paper 24433
Growth of Global Corporate Debt: Main Facts and Policy Challenges
Facundo Abraham, Juan Jose Cortina, and Sergio Schmukler, Oxford Research Encyclopedia of Economics and Finance, April 2021 | Working Paper Version | Blog
Financing Firms in Hibernation during the COVID-19 Pandemic
Tatiana Didier, Federico Huneeus, Mauricio Larrain, and Sergio Schmukler, Journal of Financial Stability 53: 100837, April 2021 | Working Paper Version | Central Bank of Chile Documento de Trabajo 880 | CMF Documento de Trabajo 4/20 | Cowles Foundation Discussion Paper No. 2233 | Mo.Fi.R. Working Paper 162 | Feature Story in Asia Bond Monitor, Asian Development Bank, June 2020 | World Bank Feature Story, October 1, 2020

Policy Research

Financing Firm Growth: The Role of Capital Markets in Low- and Middle-Income Countries
Cesaire A. Meh, Sergio Schmukler (Eds.), March 2025
The Growth of the South in Global Finance: New Bilateral Data and Stylized Facts
Fernando Broner, Sergio Schmukler, and Goetz von Peter, VoxEU Column, March 28, 2024
The Post-2008 Boom in Foreign Currency Corporate Bonds: Why Emerging Markets Go Large
Charles Calomiris, Mauricio Larrain, Sergio Schmukler, and Tomas Williams, VoxEU Column, February 28, 2022
The Boom in Corporate Borrowing after the Global Financial Crisis: Different Tales from East Asia and Latin America
Facundo Abraham, Juan J. Cortina, and Sergio L. Schmukler, Research and Policy Brief No. 42, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, February 18, 2021
Feature Story: How to "hibernate" firms for a resilient recovery from COVID-19
Policymakers around the world have deployed a range of actions to cushion the effects of the economic shock brought on by COVID-19, while containment measures necessary to save lives continue.
Feature Story and Interview (English) | Feature Story (Español) | Working Paper | COVID-19 eSeminar Video I | COVID-19 eSeminar Video II
Hibernation: Keeping Firms Afloat During the COVID-19 Crisis
Tatiana Didier, Federico Huneeus, Mauricio Larrain, and Sergio Schmukler, VoxEU Column, April 23, 2020
Financing Firms in Hibernation during the COVID-19 Pandemic
Tatiana Didier, Federico Huneeus, Mauricio Larrain, and Sergio Schmukler, Research and Policy Brief No. 30, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, April 13, 2020
Using Big Data to Expand Financial Services : Benefits and Risks
Facundo Abraham, Sergio Schmukler, and José Tessada, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, November 2019
Financial Innovation and Additionality: The Power of Economic Analysis and Data Analytics
Facundo Abraham, Sergio Schmukler, and José Tessada, Research and Policy Brief No. 23, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, June 2019
Robo-Advisors: Investing through Machines
Facundo Abraham, Sergio Schmukler, and José Tessada, Research and Policy Brief No. 21, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, February 2019
Corporate Borrowing in Emerging Markets: Fairly Long Term, but Only for a Few
Juan Cortina, Tatiana Didier, and Sergio Schmukler, Research and Policy Brief No. 18, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, October 2018
The Fintech Revolution: A Threat to Global Banking?
Juan Cortina and Sergio Schmukler, Research and Policy Brief No. 14, World Bank Research and Development Center in Chile and East Asia & Pacific Chief Economist Research Center, April 2018

Work in Progress

Capital Markets, Misallocation, and Productivity Gains: Evidence from Global Bond and Equity Issuances
Garcia-Santana, Manuel, Kirpichev, Dmitri, Moretti, Matias, Schmukler, Sergio, 2025 Mimeo
Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds
Matías Moretti, Lorenzo Pandolfi, Sergio L. Schmukler, Germán Villegas Bauer, Tomás Williams | World Bank Policy Research Working Paper 10735, March 2025 | CSEF Working Paper 173 | IMF Working Paper 2024/227
Crisis Credit, Employment Protection, Indebtedness, and Risk
Federico Huneeus, Joseph P. Kaboski, Mauricio Larrain, Sergio L. Schmukler, Mario Vera | World Bank Policy Research Working Paper 10958, October 2024
Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds
Matias Moretti, Lorenzo Pandolfi, Sergio Schmukler, German Villegas-Bauer, and Tomas Williams | World Bank Policy Research Working Paper 10735, March 2024
The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk
Federico Huneeus, Joseph Kaboski, Mauricio Larrain, Sergio Schmukler, Mario Vera | Banco Central de Chile Documento de Trabajo 942 | CEPR Discussion Paper 17061 | NBER Working Paper 29774 | World Bank Policy Research Working Paper 9937
Winners and Losers from Interest Rate Ceilings: Quasi-experimental Evidence from Chile
Sergio Schmukler, José Tessada, Cristian Vasquez
Benchmarking and Firm Financing
Fernando Broner, Juan Cortina, Sergio Schmukler, and Tomas Williams
Green Debt Transition: From Issuances to Emissions?
Juan Cortina, Claudio Raddatz, Sergio Schmukler, and Tomas Williams
Climate Shocks: Micro and Macro Implications
Mauricio Larrain, Carlos Madeira, Claudio Raddatz, Cristian Rojas, Sergio Schmukler
Financing Inclusive Growth through Capital Markets
Manuel Garcia-Santana, Matias Moretti, and Sergio Schmukler
Distribution of Financing across the Universe of Firms
Laura Alfaro, Anusha Chari, Sergio Schmukler, and Tomas Williams
COORDINATORS
Mauricio Larrain, Comisión de Mercados Financieros, Chile, Universidad Católica de Chile
Claudio Raddatz, Universidad de Chile
Julio Riutort, Universidad Adolfo Ibáñez
Sergio Schmukler, Development Research Group, World Bank
Jose Tessada, Universidad Católica de Chile
RESEARCHERS
Facundo Abraham, Development Research Group, World Bank
Anushka Baloián Gacitua, Universidad Católica de Chile
Carlos Brutomeso, Universidad Torcuato Di Tella, Argentina
Brian Castro Aguirre, Universidad de Chile
Juan Cortina, Development Research Group, World Bank
Rosario Cisterna Vial, Universidad de Chile
Juan Cortina, Development Research Group, World Bank
Daniel Diaz, Development Research Group, World Bank
Esteban Espinoza, Universidad Católica de Chile
Manuel Garcia-Santana, World Bank
Marta Guasch, Development Research Group, World Bank
Pablo Hernando-Kaminsky, Johns Hopkins University
Federico Huneeus, Banco Central de Chile
Juan Joaquin Fernández, Universidad Pompeu Fabra
Dmitri Kirpichev, CEMFI, Spain
Carlos Madeira, Banco Central de Chile
José Miguel Pascual, Universidad Católica de Chile
Matias Moretti, University of Rochester
Cristian Rojas Olmedo, Comisión de Mercados Financieros, Chile
Paolo Sabella, Universidad de Chile
Matias Soria, Universidad CEMA, Argentina
Cristian Vasquez, Universidad Católica de Chile
Mario Vera, Comisión de Mercados Financieros, Chile
Giovanni Villa, Universidad de Chile
Carolina Wiegand Cruz, Universidad Católica de Chile
Patricio Yunis, Universidad Torcuato Di Tella, Argentina