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Liliana Varela

Personal Details

First Name:Liliana
Middle Name:
Last Name:Varela
Suffix:
RePEc Short-ID:pva701
https://sites.google.com/site/lilianavarela/
Terminal Degree:2014 Paris School of Economics (from RePEc Genealogy)

Affiliation

(90%) Finance Department
London School of Economics (LSE)

London, United Kingdom
https://www.lse.ac.uk/Finance
RePEc:edi:fdlseuk (more details at EDIRC)

(10%) Centre for Economic Policy Research (CEPR)

London, United Kingdom
http://www.cepr.org/
RePEc:edi:cebruuk (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Ṣebnem Kalemli-Özcan & Liliana Varela, 2021. "Five Facts about the UIP Premium," NBER Working Papers 28923, National Bureau of Economic Research, Inc.
  2. Laura Alfaro & Mauricio Calani & Liliana Varela, 2021. "Currency Hedging: Managing Cash Flow Exposure," NBER Working Papers 28910, National Bureau of Economic Research, Inc.
  3. Vanessa ALVIAREZ & CHEN Cheng & Nitya PANDALAI-NAYAR & Liliana VARELA & YI Kei-Mu & ZHANG Hongyong, 2021. "Multinationals and Structural Transformation," Discussion papers 21100, Research Institute of Economy, Trade and Industry (RIETI).
  4. Felipe Saffie & Liliana Varela & Kei-Mu Yi, 2020. "The Micro and Macro Dynamics of Capital Flows," NBER Working Papers 27371, National Bureau of Economic Research, Inc.
  5. Sebnem Kalemli-Ozcan & Liliana Varela, 2019. "Exchange Rate and Interest Rate Disconnect: The Role of Capital Flows, Currency Risk and Default Risk," 2019 Meeting Papers 351, Society for Economic Dynamics.
  6. Felipe Saffie & Kei-Mu Yi & Liliana Varela, 2019. "Income and Substitution Effects of International Financial Integration: A Firm-Level Analysis," 2019 Meeting Papers 510, Society for Economic Dynamics.
  7. Salomao, Juliana & Varela, Liliana, 2018. "Exchange Rate Exposure and Firm Dynamics," CEPR Discussion Papers 12654, C.E.P.R. Discussion Papers.
  8. Ana Maria Santacreu & Liliana Varela, 2018. "Innovation and the Patterns of Trade: A Firm-Level Analysis," 2018 Meeting Papers 303, Society for Economic Dynamics.
  9. Varela, Liliana, 2017. "Sector heterogeneity and credit market imperfections in emerging markets," LSE Research Online Documents on Economics 102061, London School of Economics and Political Science, LSE Library.
  10. Liliana Varela & Juliana Salomao, 2016. "Foreign Currency Debt, Investment and Exit Choices in the Cross Section of Firms," 2016 Meeting Papers 1422, Society for Economic Dynamics.
  11. Liliana Varela, 2015. "Reallocation, Competition and Productivity: Evidence from a Financial Liberalization Episode," 2015 Meeting Papers 225, Society for Economic Dynamics.

Articles

  1. Juliana Salomao & Liliana Varela, 2022. "Exchange Rate Exposure and Firm Dynamics [Credit Constraints and the Cyclicality of R&D Investment: Evidence from France]," Review of Economic Studies, Oxford University Press, vol. 89(1), pages 481-514.
  2. Liliana Varela, 2018. "Reallocation, Competition, and Productivity: Evidence from a Financial Liberalization Episode," Review of Economic Studies, Oxford University Press, vol. 85(2), pages 1279-1313.
  3. Varela, Liliana, 2017. "Sector heterogeneity and credit market imperfections in emerging markets," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 433-451.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Liliana Varela, 2018. "Reallocation, Competition, and Productivity: Evidence from a Financial Liberalization Episode," Review of Economic Studies, Oxford University Press, vol. 85(2), pages 1279-1313.

    Mentioned in:

    1. Reallocation, Competition and Productivity: Evidence from a Financial Liberalization Episode (REStud 2018) in ReplicationWiki ()

Working papers

  1. Ṣebnem Kalemli-Özcan & Liliana Varela, 2021. "Five Facts about the UIP Premium," NBER Working Papers 28923, National Bureau of Economic Research, Inc.

    Cited by:

    1. Javier Bianchi & Saki Bigio & Charles Engel, 2022. "Scrambling for Dollars: International Liquidity, Banks and Exchange Rates," Working Papers 182, Peruvian Economic Association.
    2. Jeanne, Olivier, 2022. "Rounding the corners of the trilemma: A simple framework," Journal of International Money and Finance, Elsevier, vol. 122(C).
    3. Javier Bianchi & Guido Lorenzoni, 2021. "The Prudential Use of Capital Controls and Foreign Currency Reserves," Working Papers 787, Federal Reserve Bank of Minneapolis.
    4. Matthieu Bussiere & Menzie D. Chinn & Laurent Ferrara & Jonas Heipertz, 2018. "The New Fama Puzzle," NBER Working Papers 24342, National Bureau of Economic Research, Inc.
      • Matthieu Bussière & Menzie Chinn & Laurent Ferrara & Jonas Heipertz, 2022. "The New Fama Puzzle," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(3), pages 451-486, September.

  2. Laura Alfaro & Mauricio Calani & Liliana Varela, 2021. "Currency Hedging: Managing Cash Flow Exposure," NBER Working Papers 28910, National Bureau of Economic Research, Inc.

    Cited by:

    1. Niepmann, Friederike & Schmidt-Eisenlohr, Tim, 2022. "Foreign currency loans and credit risk: Evidence from U.S. banks," Journal of International Economics, Elsevier, vol. 135(C).
    2. Hyeyoon Jung, 2021. "Real Consequences of Foreign Exchange Derivatives Hedging," Staff Reports 989, Federal Reserve Bank of New York.
    3. Nathan, Daniel & Ben Zeev, Nadav, 2022. "Shorting the Dollar When Global Stock Markets Roar: The Equity Hedging Channel of Exchange Rate Determination," MPRA Paper 112909, University Library of Munich, Germany.
    4. Sérgio Leão & Rafael Schiozer & Raquel F. Oliveira & Gustavo Araujo, 2022. "Lending Relationships and Currency Hedging," Working Papers Series 565, Central Bank of Brazil, Research Department.

  3. Felipe Saffie & Liliana Varela & Kei-Mu Yi, 2020. "The Micro and Macro Dynamics of Capital Flows," NBER Working Papers 27371, National Bureau of Economic Research, Inc.

    Cited by:

    1. Natalie Bau & Adrien Matray, 2020. "Misallocation and Capital Market Integration: Evidence from India," Working Papers 2020-31, Princeton University. Economics Department..
    2. Li, Xiang & Su, Dan, 2022. "Surges and instability: The maturity shortening channel," IWH Discussion Papers 23/2020, Halle Institute for Economic Research (IWH).
    3. Gianluca Benigno & Luca Fornaro & Martin Wolf, 2020. "The Global Financial Resource Curse," Staff Reports 915, Federal Reserve Bank of New York.
    4. Suah, Jing Lian, 2020. "Uncertainty and Exchange Rates: Global Dynamics (Well, I Don't Quite Know Anymore)," MPRA Paper 109087, University Library of Munich, Germany.

  4. Sebnem Kalemli-Ozcan & Liliana Varela, 2019. "Exchange Rate and Interest Rate Disconnect: The Role of Capital Flows, Currency Risk and Default Risk," 2019 Meeting Papers 351, Society for Economic Dynamics.

    Cited by:

    1. Calomiris, Charles W. & Larrain, Mauricio & Schmukler, Sergio L. & Williams, Tomas, 2022. "Large international corporate bonds: Investor behavior and firm responses," Journal of International Economics, Elsevier, vol. 137(C).
    2. Charles W. Calomiris & Mauricio Larrain & Sergio L. Schmukler & Tomas Williams, 2020. "Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses," Mo.Fi.R. Working Papers 165, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    3. Jean-Louis Arcand & Max-Olivier Hongler & Shekhar Hari Kumar & Daniele Rinaldo, 2020. "Can one hear the shape of a target zone?," Papers 2002.00948, arXiv.org, revised Jun 2022.
    4. Ṣebnem Kalemli-Özcan, 2019. "U.S. Monetary Policy and International Risk Spillovers," NBER Working Papers 26297, National Bureau of Economic Research, Inc.
    5. Kalemli-Ozcan, Sebnem, 2019. "US Monetary Policy and International Risk Spillovers," CEPR Discussion Papers 14053, C.E.P.R. Discussion Papers.

  5. Salomao, Juliana & Varela, Liliana, 2018. "Exchange Rate Exposure and Firm Dynamics," CEPR Discussion Papers 12654, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kohn, David & Leibovici, Fernando & Szkup, Michal, 2020. "Financial frictions and export dynamics in large devaluations," Journal of International Economics, Elsevier, vol. 122(C).
    2. Delis, Manthos D. & Politsidis, Panagiotis N. & Sarno, Lucio, 2022. "The cost of foreign-currency lending," Journal of Banking & Finance, Elsevier, vol. 136(C).
    3. Bernabe Lopez-Martin, 2022. "Firm Export Dynamics and the Exchange Rate: A Quantitative Exploration," Working Papers Central Bank of Chile 935, Central Bank of Chile.
    4. Hsu, Po-Hsuan & Taylor, Mark P. & Wang, Zigan & Xu, Qi, 2022. "Currency volatility and global technological innovation," Journal of International Economics, Elsevier, vol. 137(C).
    5. Ahnert, Toni & Forbes, Kristin & Friedrich, Christian & Reinhardt, Dennis, 2018. "Macroprudential FX regulations: shifting the snowbanks of FX vulnerability?," Bank of England working papers 758, Bank of England.
    6. Eren, Egemen & Malamud, Semyon, 2018. "Dominant Currency Debt," CEPR Discussion Papers 13391, C.E.P.R. Discussion Papers.
    7. Bryan Hardy & Felipe Saffie, 2019. "From carry trades to trade credit: financial intermediation by non-financial corporations," BIS Working Papers 773, Bank for International Settlements.
    8. Uroš Herman & Tobias Krahnke, 2022. "Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis," IMF Working Papers 2022/038, International Monetary Fund.
    9. Minsuk Kim, 2019. "Financial Development, Exchange Rate Fluctuations and Debt Dollarization: A Firm-Level Evidence," IMF Working Papers 2019/168, International Monetary Fund.
    10. Chen, Su & Yin, Lu, 2022. "Why do firms issue U.S. dollar bond abroad? Evidence from Chinese non-financial listed corporations," Research in International Business and Finance, Elsevier, vol. 60(C).
    11. Sérgio Leão & Rafael Schiozer & Raquel F. Oliveira & Gustavo Araujo, 2022. "Lending Relationships and Currency Hedging," Working Papers Series 565, Central Bank of Brazil, Research Department.
    12. Omar Barbiero, 2021. "The Valuation Effects of Trade," Working Papers 21-11, Federal Reserve Bank of Boston.
    13. Felipe Benguria & Felipe Saffie & Sergio Urzúa, 2018. "The Transmission of Commodity Price Super-Cycles," NBER Working Papers 24560, National Bureau of Economic Research, Inc.
    14. Rodnyansky, A., 2018. "(Un)Competitive Devaluations and Firm Dynamics," Cambridge Working Papers in Economics 1888, Faculty of Economics, University of Cambridge.
    15. Kalemli-Ozcan, Sebnem, 2019. "US Monetary Policy and International Risk Spillovers," CEPR Discussion Papers 14053, C.E.P.R. Discussion Papers.

  6. Ana Maria Santacreu & Liliana Varela, 2018. "Innovation and the Patterns of Trade: A Firm-Level Analysis," 2018 Meeting Papers 303, Society for Economic Dynamics.

    Cited by:

    1. Zhang, Tao & Ma, Ying & Li, Angfei, 2021. "Scenario analysis and assessment of China’s nuclear power policy based on the Paris Agreement: A dynamic CGE model," Energy, Elsevier, vol. 228(C).

  7. Varela, Liliana, 2017. "Sector heterogeneity and credit market imperfections in emerging markets," LSE Research Online Documents on Economics 102061, London School of Economics and Political Science, LSE Library.

    Cited by:

  8. Liliana Varela, 2015. "Reallocation, Competition and Productivity: Evidence from a Financial Liberalization Episode," 2015 Meeting Papers 225, Society for Economic Dynamics.

    Cited by:

    1. Han, Minsoo, 2022. "International financial integration and total factor productivity losses from underdeveloped domestic financial markets," Economics Letters, Elsevier, vol. 212(C).
    2. Wang, Xun, 2022. "Financial liberalization and the investment-cash flow sensitivity," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    3. Norman Loayza & Amine Ouazad & Romain Ranciere, 2017. "Financial Development, Growth, and Crisis: Is There a Trade-Off?," Working Papers 2017-114, Peruvian Economic Association.
    4. Natalie Bau & Adrien Matray, 2020. "Misallocation and Capital Market Integration: Evidence from India," Working Papers 263, Princeton University, Department of Economics, Center for Economic Policy Studies..
    5. Zhang, Haiping, 2022. "Upstream financial flows, intangible investment, and allocative efficiency," Journal of Macroeconomics, Elsevier, vol. 72(C).
    6. Bose, Udichibarna & Mallick, Sushanta & Tsoukas, Serafeim, 2020. "Does easing access to foreign financing matter for firm performance?," Journal of Corporate Finance, Elsevier, vol. 64(C).
    7. Salomao, Juliana & Varela, Liliana, 2018. "Exchange Rate Exposure and Firm Dynamics," CEPR Discussion Papers 12654, C.E.P.R. Discussion Papers.
    8. Luís A.V. Catão & Daniel Marcel te Kaat, 2018. "Capital Account Liberalization and the Composition of Bank Liabilities," Working Papers REM 2018/53, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    9. Emil Verner & Győző Gyöngyösi, 2020. "Household Debt Revaluation and the Real Economy: Evidence from a Foreign Currency Debt Crisis," American Economic Review, American Economic Association, vol. 110(9), pages 2667-2702, September.
    10. Matias Covarrubias & Germán Gutiérrez & Thomas Philippon, 2019. "From Good to Bad Concentration? U.S. Industries over the past 30 years," NBER Working Papers 25983, National Bureau of Economic Research, Inc.
    11. Bau, Natalie & Matray, Adrien, 2020. "Misallocation and Capital Market Integration: Evidence From India," CEPR Discussion Papers 14282, C.E.P.R. Discussion Papers.
    12. Katja Mann, 2021. "Does foreign capital go where the returns are? Financial integration and capital allocation efficiency1," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3945-3971, July.
    13. Cingano, Federico & Hassan, Fadi, 2020. "International financial flows and misallocation," LSE Research Online Documents on Economics 108460, London School of Economics and Political Science, LSE Library.
    14. Okunade, Solomon O. & Ajisafe, Rufus A., 2021. "Nexus among Financial Openness Shocks, Institutional Development and Total Factor Productivity in Africa: A Panel SVAR Analysis," African Journal of Economic Review, African Journal of Economic Review, vol. 10(1), December.
    15. Li, Xiang & Su, Dan, 2022. "Surges and instability: The maturity shortening channel," IWH Discussion Papers 23/2020, Halle Institute for Economic Research (IWH).
    16. Salomao, Juliana & Varela, Liliana, 2018. "Exchange Rate Exposure and Firm Dynamics," CAGE Online Working Paper Series 364, Competitive Advantage in the Global Economy (CAGE).
    17. Saffie, Felipe & Varela, Liliana & Yi, Kei-Mu, 2020. "The Micro and Macro Dynamics of Capital Flows," CEPR Discussion Papers 14893, C.E.P.R. Discussion Papers.
    18. Lorena Keller, 2018. "Prudential Capital Controls and Risk Misallocation: Bank Lending Channel," 2018 Meeting Papers 129, Society for Economic Dynamics.
    19. Gutierrez, German & Philippon, Thomas, 2017. "Declining Competition and Investment in the U.S," CEPR Discussion Papers 12536, C.E.P.R. Discussion Papers.
    20. Melise Jaud & Madina Kukenova & Martin Strieborny, 2021. "Stock Market Liberalizations and Export Dynamics," Working Papers 2021_15, Business School - Economics, University of Glasgow.
    21. Eugenia Andreasen & Sofía Bauducco & Evangelina Dardati, 2019. "Capital Controls and Firm Performance," ILADES-UAH Working Papers inv331, Universidad Alberto Hurtado/School of Economics and Business.
    22. Fangfang Hou & Elisabetta Magnani & Xinpeng Xu, 2022. "International capital markets and domestic employment: Evidence from worldwide publicly listed large firms," The World Economy, Wiley Blackwell, vol. 45(1), pages 220-250, January.
    23. Bank for International Settlements, 2021. "Changing patterns of capital flows," CGFS Papers, Bank for International Settlements, number 66.
    24. Minetti, Raoul & Herrera, Ana Maria & Schaffer, Matthew, 2021. "Financial Liberalization, Credit Market Dynamism, and Allocative Efficiency," Working Papers 2021-4, Michigan State University, Department of Economics.
    25. Felipe Benguria & Felipe Saffie & Sergio Urzúa, 2018. "The Transmission of Commodity Price Super-Cycles," NBER Working Papers 24560, National Bureau of Economic Research, Inc.
    26. Bian, Bo, 2020. "Globally Consistent Creditor Protection, Reallocation, and Productivity," LawFin Working Paper Series 6, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).

Articles

  1. Juliana Salomao & Liliana Varela, 2022. "Exchange Rate Exposure and Firm Dynamics [Credit Constraints and the Cyclicality of R&D Investment: Evidence from France]," Review of Economic Studies, Oxford University Press, vol. 89(1), pages 481-514.
    See citations under working paper version above.
  2. Liliana Varela, 2018. "Reallocation, Competition, and Productivity: Evidence from a Financial Liberalization Episode," Review of Economic Studies, Oxford University Press, vol. 85(2), pages 1279-1313. See citations under working paper version above.
  3. Varela, Liliana, 2017. "Sector heterogeneity and credit market imperfections in emerging markets," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 433-451.
    See citations under working paper version above.Sorry, no citations of articles recorded.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 11 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-OPM: Open Economy Macroeconomics (6) 2019-09-23 2020-07-27 2021-06-14 2021-06-28 2021-06-28 2022-10-24. Author is listed
  2. NEP-INT: International Trade (4) 2018-08-20 2020-07-27 2022-02-28 2022-10-24. Author is listed
  3. NEP-IFN: International Finance (3) 2018-09-17 2019-09-23 2021-06-28. Author is listed
  4. NEP-CNA: China (2) 2022-02-28 2022-10-24
  5. NEP-DGE: Dynamic General Equilibrium (2) 2018-09-17 2020-07-27
  6. NEP-FDG: Financial Development & Growth (2) 2020-07-27 2021-06-14
  7. NEP-BEC: Business Economics (1) 2015-08-01
  8. NEP-CBA: Central Banking (1) 2019-09-23
  9. NEP-CSE: Economics of Strategic Management (1) 2018-08-20
  10. NEP-CWA: Central & Western Asia (1) 2021-06-28
  11. NEP-INO: Innovation (1) 2018-08-20
  12. NEP-MON: Monetary Economics (1) 2019-09-23
  13. NEP-RMG: Risk Management (1) 2021-06-28
  14. NEP-SBM: Small Business Management (1) 2018-08-20
  15. NEP-TRA: Transition Economics (1) 2018-03-19

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