We construct a new dataset of 14 emerging markets and show that sovereigns increasingly
borrow from foreigners in local currency but the private sector continues to borrow in foreign …

This paper examines a panel (1994-2014) of Chilean non-financial firms, both publicly listed
and private, which was built to analyze the determinants of the use of foreign currency debt …

How do exchange rate shocks spread across the corporate sector? I study this question by
constructing firm-specific foreign currency exposure from novel data on foreign debt and …

This paper examines a panel (1994-2014) of Chilean non-financial firms, both publicly listed
and private, which was built to analyze the determinants of the use of foreign currency debt …

The way in which governments borrow has changed dramatically over the last decade. The
first two chapters of this dissertation study the implications of the rise of local currency …

We empirically study the role of risk and uncertainty in the financial markets. In the first
chapter, we document that climate change risk and uncertainty significantly affect real estate …