Long-term finance in Latin America, report prepared for IDB, December 2015.
Foreigners vs. Natives: Bank Lending Technologies and Loan Pricing, with Vasso Ioannidou and Larissa Schäfer.
Foreign Bank Acquisitions and Outreach: Evidence from Mexico, with Maria Soledad Martinez Peria. Journal of Financial Intermediation, 19, 52-73, 2010.
State Bank Transformation in Brazil - Choice and Consequences, with J. Crivelli and W. Summerhill, Journal of Banking and Finance, 29, August-September 2005, pp. 2223-2257.
Impediments to the Development and Efficiency of Financial Intermediation in Brazil, Policy Note for the Central Bank of Brazil and World Bank Policy Research Working Paper 2382, June 2000.