Dra. Eugenia Andreasen

This paper examines how capital controls (CCs) impact firms differently depending on their production technology and export status. Using evidence from Chile's encaje (1991–1998), we show that exporting firms in capital-intensive sectors are more negatively affected than those in less capital-intensive sectors.

This paper examines the impact of Free Trade Agreements (FTAs) on Chilean exports over the past 30 years. Using a difference-in-differences approach and detailed trade data, we find that FTAs significantly increase export levels and product diversification.

This paper examines how income distribution and the tax system influence sovereign borrowing and default decisions, considering the political constraints governments face when raising revenue.

This paper examines how capital inflow restrictions impact corporate bond spreads using a panel dataset of international corporate bonds and capital account restrictions in advanced and emerging economies.

This paper examines how financial openness influences corporate and sovereign credit ratings, showing that its impact depends on the development of the domestic financial market.

This paper develops a signaling model in which a government's sovereign debt repayment decision informs lenders about its ability to enforce contracts.

This paper examines how capital controls distort capital allocation across firms. Using a dynamic general equilibrium model with heterogeneous firms, monopolistic competition, and borrowing constraints, we show that capital controls increase misallocation through static, dynamic, and general equilibrium effects.

This paper examines the aggregate and bank-level effects of increasing foreign currency reserve requirements (RRFC) in a partially dollarized economy. Using data from Peru (2008–2017), we show that RRFCs effectively reduced overall credit.

This paper combines empirical and quantitative analysis to examine how higher sovereign risk affects international trade. Using industry-level trade data, we show that rising sovereign spreads reduce imports.