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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.

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FEATURED 

eSeminar: From Micro to Macro: Using Micro Data to Understand Macroeconomics and Public Policy | May 7, 2021 | 12-1:30 pm (USA, ET / Chile) | 11 am-12:30 pm, Colombia | 

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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. A critical part of the discussion is how to prevent companies hammered by a collapse in revenues and a plunge in cash flows from failing.

Feature Story and Interview (English) | Feature Story () |  | COVID-19 eSeminar Video I | COVID-19 eSeminar Video II


  • UPCOMING 

    PAST

     

    • Photo of Annual Meeting of the Chilean Economic Society (SECHI)
      Annual Meeting of the Chilean Economic Society - SECHI 2024 |  | September 5, 2024
       

    Excerpts (in English with Spanish subtitles)
    How severe will the crisis be? (|
    Should countries aim for large stimulus packages? (|)
    Will payment systems be at risk? (|)
    Should governments try to save firms? (|)
    Will there be enough international support? (|)
    Can the crisis be an opportunity for economic reform? (|)

    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).

    • , November 8-10, 2018, Guayaquil, Ecuador.
      , organized with the Bank for International Settlements and ESPOL University.
    • , July 5, 2018, Universidad Adolfo Ibá?ez, Sede Presidente Errázuriz, Sala Naranja, Santiago, Chile.
    • Seminar on Capital Flows, Equity Issuance Activity, and Corporate Investment, July 4, 2018, , Av. Libertador Bernardo O'Higgins 1449, Santiago, Chile.
    • , June 2018, , MBA UC Building, Av. Libertador Bernardo O'Higgins 440, Santiago, Chile.

    • Camila Figueroa, Gonzalo Iberti, Julio Riutort, Rodrigo Wagner, International Review of Financial Analysis, 102902, November 2023
    •  
      Fernando Broner, Tatiana Didier, Sergio L. Schmukler, Goetz von Peter, Journal of International Economics, 103795, July 2023 |  |  |  |  |  (English) |  (Espa?ol)
      Replication files available .
    •  
      Journal of International Economics, 103624, July 2022 | 
      Featured in the , June 27, 2019 and in the , August 2019.
      Replication files available upon request.

    • Tatiana Didier, Ross Levine, Ruth Llovet, and Sergio Schmukler, Journal of International Money and Finance 118: 102459, November 2021 | 

    • Juan Jose Cortina, Tatiana Didier, Sergio Schmukler, Journal of International Economics 131: 103487, July 2021 | 

    • Facundo Abraham, Juan Jose Cortina, Sergio Schmukler, Revue D'Economie Financière 141: 45-70, June 2021 | | 

    • Charles Calomiris, Mauricio Larrain, and Sergio Schmukler, Journal of Financial Intermediation 46: 100845, April 2021 |  | NBER Working Paper 24433 

    • Facundo Abraham, Juan Jose Cortina, and Sergio Schmukler, Oxford Research Encyclopedia of Economics and Finance, April 2021 |  |

    • Tatiana Didier, Federico Huneeus, Mauricio Larrain, and Sergio Schmukler, Journal of Financial Stability 53: 100837, April 2021 |  |  |  |  |  | Feature Story in , Asian Development Bank, June 2020 | World Bank Feature Story, October 1, 2020
    • The Growth of the South in Global Finance: New Bilateral Data and Stylized Facts
      Fernando Broner, Sergio Schmukler, and Goetz von Peter, VoxEU Column, forthcoming

    • Charles Calomiris, Mauricio Larrain, Sergio Schmukler, and Tomas Williams, VoxEU Column, February 28, 2022

    • 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

    • Tatiana Didier, Federico Huneeus, Mauricio Larrain, and Sergio Schmukler, VoxEU Column, April 23, 2020

    • 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

    • 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

    • 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

    • 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

    • 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

    • 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

    • Federico Huneeus, Joseph P. Kabozki, Mauricio Larrain, Sergio L. Schmukler, Mario Vera | World Bank Policy Research Working Paper 10958, October 2024

    • Matias Moretti, Lorenzo Pandolfi, Sergio Schmukler, German Villegas-Bauer, and Tomas Williams | World Bank Policy Research Working Paper 10735, March 2024

    • Federico Huneeus, Joseph Kaboski, Mauricio Larrain, Sergio Schmukler, Mario Vera |  |  |  | 
    • 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
    • Who Benefits from Green Financing?
      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

RESEARCHERS

  • Facundo Abraham, Development Research Group, World Bank
  • Anushka Baloián Gacitua, 
  • Carlos Brutomeso, Universidad Torcuato Di Tella, Argentina
  • Brian Castro Aguirre,
  • Juan Cortina, Development Research Group, World Bank
  • Rosario Cisterna Vial,
  • Juan Cortina, Development Research Group, World Bank
  • Daniel Diaz, Development Research Group, World Bank
  • Esteban Espinoza, 
  • Marta Guasch, Development Research Group, World Bank
  • Pablo Hernando-Kaminsky, Johns Hopkins University
  • Federico Huneeus, Banco Central de Chile
  • Juan Joaquin Fernández, 
  • Dmitri Kirpichev, CEMFI, Spain
  • Carlos Madeira, Banco Central de Chile
  • José Miguel Pascual, 
  • Cristian Rojas Olmedo, , Chile
  • Paolo Sabella,
  • Matias Soria, Universidad CEMA, Argentina
  • Cristian Vasquez, 
  • Mario Vera, , Chile
  • Giovanni Villa,
  • Carolina Wiegand Cruz, 
  • Patricio Yunis, Universidad Torcuato Di Tella, Argentina