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Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects (with A. Erce, A. Martin and J. Ventura)

Non-technical summary at VOXEU

Journal of Monetary Economics, 61, 2014, 114-142

Gross Capital Flows: Dynamics and Crises (with T. Didier, A. Erce and S. Schmukler)

Stata data and do files to generate tables and figures

Non-technical summary at VOXEU

Journal of Monetary Economics, 60 (1), 2013, 113-133

Why do Emerging Economies Borrow Short Term? (with G. Lorenzoni and S. Schmukler)

Working paper with full model

Time series of Bond Spreads and Issuance at Different Maturities

Journal of the European Economic Association, 11 (S1), 2013, 67-100

Globalization and Risk Sharing (with J. Ventura)
Review of Economic Studies, 78 (1), 2011, 49-82

Sovereign Risk and Secondary Markets (with A. Martin and J. Ventura)
American Economic Review, 100 (4), 2010, 1523-1555

Enforcement Problems and Secondary Markets (with A. Martin and J. Ventura)
Journal of the European Economic Association: Papers and Proceedings, 6 (2-3), 2008, 683-694

Discrete Devaluations and Multiple Equilibria in a First Generation Model of Currency Crises
Working paper with appendices

Journal of Monetary Economics, 55 (3), 2008, 592-605

When in Peril, Retrench: Testing the Portfolio Channel of Contagion (with G. Gelos and C. Reinhart)
Journal of International Economics, 69 (1), 2006, 203-230

Determining Underlying Macroeconomic Fundamentals During Emerging Market Crises: Are Conditions as Bad as They Seem? (with M. Aguiar)
Journal of Monetary Economics, 53 (4), 2006, 699-724

Why are Capital Flows so much more Volatile in Emerging than in Developed Countries?(with R. Rigobon)
External Financial Vulnerability and Preventive Policies, R. Caballero, C. Calderón, and L. Céspedes (eds.), Eight Annual Conference of the Central Bank of Chile, 2006, 25-39

Desalineación y Variables Fundamentales: Tasas de Cambio de Equilibrio en Siete Paises Latinoamericanos (with N. Loayza and H. López)
Coyuntura Económica, 27 (4), 1997, 101-124

Dynamical Hysteresis without Static Hysteresis: Scaling Laws and Asymptotic Expansions (with G. Glodsztein et al.)
SIAM Journal of Applied Mathematics, 57 (4), 1997, 1163-1187

Scaling Laws for Dynamical Hysteresis in a Multidimensional Laser System  (with G. Goldsztein et. al.)

Physical Review Letters, 74 (12), 1995, 2220-2223

Fernando Broner is a Senior Researcher at CREi and a Barcelona School of Economics Research Professor. He is Co-Director of the Master in International Trade, Finance and Development at the Barcelona School of Economics and teaches in the PhD program at UPF. He is a Research Fellow at the CEPR and a Co-Editor at the Journal of International Economics. He received his PhD in Economics at MIT in 2000.

He has been Visiting Professor at MIT, Assistant Professor at the University of Maryland, Advisor at the Bank of Spain’s Division of International Economics, and Visiting Scholar at the IMF and World Bank. He was awarded a European Research Council Starting Grant in 2010 for the project “International Capital Flows and Emerging Markets”. His research interests include International Economics, Finance, and Macroeconomics.

Selected Publications

• “Rethinking the Effects of Financial Globalization” (with J. Ventura), Quarterly Journal of Economics, 131 (3), 1497-542, 2016.
• “Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects” (with A. Erce, A. Martin, and J. Ventura), Journal of Monetary Economics, 61, 114-142, 2014.
• “Gross Capital Flows: Dynamics and Crise,” (with T. Didier, A. Erce, and S. Schmukler), Journal of Monetary Economics, 60, 113-133, 2013.
• “Why do Emerging Economies Borrow Short Term?” (with G. Lorenzoni and S. Schmukler), Journal of the European Economic Association, 11 (S1), 67-100, 2013.
• “Globalization and Risk Sharing,” (with J. Ventura), Review of Economic Studies, 78 (1), 49-82, 2011.
• “Sovereign Risk and Secondary Markets” (with J. Ventura and A. Martin), American Economic Review, 100 (4), 1523-1555, 2010.

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Master’s degree in International Trade, Finance and Development
https://www.barcelonagse.eu/study/masters-programs/international-trade-finance-and-development

Barcelona CREI Macroeconomics Summer School
https://www.barcelonagse.eu/study/summer-school

Barcelona GSE Summer Forum
https://www.barcelonagse.eu/summer-forum