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Valdés, Rodrigo O. (Rodrigo Osvaldo)

Overview
Works: 88 works in 232 publications in 2 languages and 898 library holdings
Roles: Author, Honoree
Classifications: H62.5.U5, 330
Publication Timeline
Key
Publications about Rodrigo O Valdés
Publications by Rodrigo O Valdés
Most widely held works by Rodrigo O Valdés
Lending booms : Latin America and the world by Pierre-Olivier Gourinchas( Book )
20 editions published in 2001 in English and held by 122 libraries worldwide
Recent theories of crisis put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So are lending booms dangerous? In this paper, we investigate empirically this question using a broad sample of lending boom episodes over 40 years, with a special eye for Latin America. Our results indicate that (1) lending booms are often associated with (i) a domestic investment boom; (ii) an increase in domestic interest rates; (iii) a worsening of the current account; (iv) a declines in reserves; (v) a real appreciation; (vi) a decline in output growth, (2) 'typical' lending booms do not increase substantially the vulnerability of the banking sector or the balance of payments. Comparing Latin America and the rest of the world, we find that Latin America lending booms make the economy considerably more volatile and vulnerable to financial and balance of payment crisis
The aftermath of appreciations by Ilan Goldfajn( Book )
12 editions published in 1996 in English and held by 110 libraries worldwide
This paper empirically analyzes a broad range of real exchange rate appreciation episodes. The cases are identified after compiling a large sample of monthly multilateral real exchange rates from 1960 to 1994. The objective is twofold. First, the paper studies the dynamics of appreciations, avoiding the sample selection of analyzing exclusively the crisis (or devaluation) cases. Second, the paper analyzes the mechanism by which overvaluations are corrected. In particular, we are interested in the proportion of the reversions that occur through nominal devaluations, rather than cumulative inflation differentials. We calculate the probability of undoing appreciations without nominal depreciations for various degrees of misalignment. The overall conclusion is that it is very unlikely to undo large and medium appreciations without nominal devaluations
Controls on capital inflows : do they work? by Jose De Gregorio( Book )
14 editions published in 2000 in English and held by 102 libraries worldwide
This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it is difficult to pin down long-run effects. Although after the unremunerated reserve requirement was introduced there was an increase in the interest rate differential, the econometric evidence does not show it has a significant long-run effect on interest rate differentials. There are also no effects on the real exchange rate. However, the more persistent and significant effect is on the composition of capital inflows, tilting composition toward longer maturity
Are currency crises predictable? by Ilan Goldfajn( file )
9 editions published in 1997 in English and Undetermined and held by 63 libraries worldwide
Annotation
Determinants of private capital flows in the 1970s and 1990s : is there evidence of contagion? by Leonardo Hernández( file )
7 editions published in 2001 in English and held by 61 libraries worldwide
This paper studies the determinants of private capital flows to developing countries during the last two episodes of large inflows, the late 1970-s early 1980s and the 1990s. The paper also tests for contagion effects in capital flows among recipient countries, and ries to identify specific channels through which such effects can occur. It tests for neighborhood effects, trade-related effects, and for contagion based on the countries having similar macroeconomic indicators. The results show strong evidence for the first two effects during the 1990s, and indicate that the third effect varies depending on the type of capital flow
Optimal fiscal strategy for oil exporting countries by Eduardo Engel( file )
10 editions published in 2000 in English and Spanish and held by 60 libraries worldwide
This paper develops simple guidelines for fiscal policy in oil producing countries, focusing on three issues: intergenerational oil distribution, precautionary saving, and adjustment costs. The paper presents a framework to analyze how the revenue generated by an exhaustible source of wealth that belongs to the government should be distributed between current and future generations. This framework is used to show the strengths and limitations of existing answers, which motivates a new approach for dealing with this question. The paper derives simple, closed form approximations to the optimal level of government expenditure when an important part of government revenue is generated by an uncertain and exhaustible natural resource such as oil. Price uncertainty, budget uncertainty, and the (possibly asymmetric) costs of adjusting expenditure levels are considered
Capital flows and the twin crises : the role of liquidity by Ilan Goldfajn( file )
7 editions published in 1997 in English and held by 59 libraries worldwide
Annotation
What drives contagion : trade, neighborhood, or financial links? by Leonardo Hernández( file )
7 editions published in 2001 in English and held by 58 libraries worldwide
The effect of the crises in Mexico, Thailand, Russia, and Brazil on other developing countries has raised interest in the problem of cross-country contagion. Researchers and especially policy makers in developing countries, are wondering why their economies are affected when an adverse shock hits another-seemingly unrelated-economy. More specifically, why should a country like Bulgaria be affected if there are problems in Brazil, as these countries are hardly related? The answer to this question requires an examination of the channels through which disturbances are transmitted from one country to another
Fostering Growth in Europe Now by Bergljot Barkbu( file )
2 editions published in 2012 in Undetermined and English and held by 42 libraries worldwide
The SDN looks at policies to foster growth in Europe. There is substantial empirical evidence that structural reforms can lift growth markedly in the medium to long term, but the current economic slack and cyclical headwinds argue for a more supportive approach. Policy measures on both the supply and demand sides are needed, the former to anchor the medium-term growth prospects, the latter to support growth in the interim. Restoring the health of the financial system is also critical to buttressing demand, and more active policies at the central level would complement these efforts
Balance of payment crises and capital flows : the role of liquidity by Ilan Goldfajn( Book )
3 editions published in 1997 in English and held by 9 libraries worldwide
Dedollarization, indexation and nominalization : the Chilean experience by Luis Oscar Herrera( file )
4 editions published in 2004 in English and held by 9 libraries worldwide
Current account and external financing ( Book )
2 editions published in 2008 in English and held by 8 libraries worldwide
Tipo de cambio flexible con metas de inflación en Chile : experiencia y temas de interés by Jose De Gregorio( Book )
3 editions published in 2005 in Spanish and held by 8 libraries worldwide
Latin America : outlook and challenges ahead : panel discussion by Carmen M Reinhart( file )
2 editions published between 2015 and 2017 in English and held by 7 libraries worldwide
"The 2015 Per Jacobsson Lecture--a panel discussion, "Latin America: Outlook and Challenges Ahead"--was held on Sunday, October 11, in the Lima Convention Center's Pachacamac Room in Lima, Peru, in the context of the Annual Meetings of the International Monetary Fund and the World Bank. The panelists were Carmen M. Reinhart, Minos A. Zombanakis Professor of the International Financial System at Harvard University's John F. Kennedy School of Government; Rodrigo Valdés, Finance Minister of Chile; and Julio Velarde, Governor of the Central Reserve Bank of Peru. The discussion was moderated by Guillermo Ortiz, Chairman of the Board of Directors of the Foundation."--Foreword excerpt
Productividad y tipo de cambio real en Chile by Rodrigo O Valdés( file )
4 editions published in 1998 in Spanish and held by 7 libraries worldwide
Emerging markets contagion : evidence and theory by Rodrigo O Valdés( Book )
3 editions published in 1997 in English and held by 7 libraries worldwide
Transmisión de política monetaria en Chile by Rodrigo O Valdés( Book )
2 editions published in 1997 in Spanish and held by 7 libraries worldwide
Dinero y conducción de la política monetaria con metas de inflación by Pablo García S.( Book )
3 editions published in 2003 in Spanish and held by 6 libraries worldwide
The aftermath of appreciations by Ilan Goldfajn( Book )
4 editions published in 1997 in English and held by 6 libraries worldwide
Indización : historia chilena y experiencia internacional by Óscar Landerretche( Book )
3 editions published in 1997 in Spanish and held by 6 libraries worldwide
 
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Alternative Names
Valdés P, Rodrigo
Valdés-P, Rodrigo O.
Valdés-Pulido, Rodrigo
Valdés-Pulido, Rodrigo O.
Valdés, R.
Valdés, R. O.
Valdés, Rodrigo
Valdés, Rodrigo Osvaldo
Languages
English (102)
Spanish (17)
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