Aaron Tornell

University of California, Los Angeles (UCLA) - Department of Economics

Box 951477

Bunche Hall 8387

Los Angeles, CA 90095-1477

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

SCHOLARLY PAPERS

36

DOWNLOADS
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SSRN RANKINGS

Top 16,003

in Total Papers Downloads

4,030

SSRN CITATIONS
Rank 1,552

SSRN RANKINGS

Top 1,552

in Total Papers Citations

77

CROSSREF CITATIONS

730

Scholarly Papers (36)

1.

NAFTA and Mexico's Economic Performance

Number of pages: 45 Posted: 07 Apr 2004
University of California, Los Angeles (UCLA) - Department of Economics, University of Osnabrueck - Department of Economics and Bank of Mexico
Downloads 577 (60,743)

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boom-bust cycles, currency mismatch, lending booms, real exchange rate, FDI, credit market imperfections and volatility

The Positive Link between Financial Liberalization, Growth and Crises

Number of pages: 59 Posted: 13 Apr 2004
University of California, Los Angeles (UCLA) - Department of Economics, University of Osnabrueck - Department of Economics and Bank of Mexico
Downloads 377 (100,569)

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The Positive Link between Financial Liberalization, Growth and Crises

Number of pages: 55 Posted: 13 Feb 2004 Last Revised: 18 Aug 2021
University of California, Los Angeles (UCLA) - Department of Economics, University of Osnabrueck - Department of Economics and Bank of Mexico
Downloads 59 (457,745)
Citation 3

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3.
Downloads 299 (130,734)
Citation 74

Systemic Crises and Growth

Number of pages: 58 Posted: 25 Apr 2005
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 163 (232,093)
Citation 1

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financial constraints, growth and institutions, bailout guarantees, volatility, emerging markets

Systemic Crises and Growth

UPF Economics and Business Working Paper 854
Number of pages: 49 Posted: 30 Nov 2005
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 100 (336,539)

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Financial constraints, growth and institutions, bailout guarantees, volatility, emerging markets

Systemic Crises and Growth

Number of pages: 71 Posted: 14 Aug 2012 Last Revised: 08 Oct 2021
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 36 (563,836)
Citation 10

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4.
Downloads 270 (145,304)
Citation 8

Crises and Growth: A Re-Evaluation

Number of pages: 65 Posted: 13 Apr 2004
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 156 (241,004)

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Crises and Growth: A Re-Evaluation

Number of pages: 61 Posted: 04 Jan 2004 Last Revised: 12 Jul 2010
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 78 (393,432)

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Crises and Growth: A Re-Evaluation

UPF Economics and Business Working Paper 852
Number of pages: 48 Posted: 30 Nov 2005
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 36 (563,836)

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Bailouts, bottlenecks, credit market imperfections, currency mismatch, financial fragility, macroeconomic voliatility

5.

Financial Crises in Emerging Markets: The Lessons from 1995

Number of pages: 65 Posted: 14 Oct 1996 Last Revised: 27 Sep 2021
Jeffrey D. Sachs, Aaron Tornell and Andrés Velasco
Columbia University - Columbia Earth Institute, University of California, Los Angeles (UCLA) - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 233 (168,038)

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6.
Downloads 184 (209,021)
Citation 4

The Credit Channel in Middle Income Countries

Number of pages: 63 Posted: 16 Jan 2003
Aaron Tornell and Frank Westermann
University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 152 (246,306)

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The Credit Channel in Middle Income Countries

Number of pages: 59 Posted: 06 Dec 2002 Last Revised: 30 Oct 2010
Aaron Tornell and Frank Westermann
University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 32 (587,025)

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7.

The Collapse of the Mexican Peso: What Have We Learned?

Number of pages: 57 Posted: 27 Jun 2000 Last Revised: 22 Jul 2021
Jeffrey D. Sachs, Aaron Tornell and Andrés Velasco
Columbia University - Columbia Earth Institute, University of California, Los Angeles (UCLA) - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 175 (218,244)
Citation 2

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Credit Market Imperfections in Middle Income Countries

Number of pages: 35 Posted: 19 Jun 2003
Aaron Tornell and Frank Westermann
University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 141 (261,805)

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Credit Market Imperfections in Middle Income Countries

Number of pages: 31 Posted: 09 Jun 2003 Last Revised: 11 Aug 2021
Aaron Tornell and Frank Westermann
University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 29 (605,996)

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Boom-Bust Cycles in Middle Income Countries: Facts and Explanation

Number of pages: 51 Posted: 29 Oct 2002
Aaron Tornell and Frank Westermann
University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 133 (274,314)

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Boom-Bust Cycles in Middle Income Countries: Facts and Explanation

Number of pages: 47 Posted: 20 Sep 2002 Last Revised: 11 Sep 2021
Aaron Tornell and Frank Westermann
University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 23 (648,870)
Citation 6

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10.

The Role of Bank Restructuring in Recovering from Crises: Mexico 1995-98

Number of pages: 56 Posted: 10 Apr 1999 Last Revised: 07 Oct 2021
Anne O. Krueger and Aaron Tornell
International Monetary Fund (IMF) and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 150 (248,421)

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11.

Why Do Reforms Occur in Crises Times?

USC-INET Research Paper No. 16-19
Number of pages: 37 Posted: 16 Jun 2016
Romain G. Rancière and Aaron Tornell
University of Southern California and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 110 (313,517)
Citation 3

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Structural Reforms; Trade Liberalization; Crises; Tragedy of Commons; Preemption Games.

12.

The Mexican Peso Crisis: Sudden Death or Death Foretold?

Number of pages: 32 Posted: 03 Oct 1996 Last Revised: 15 Sep 2021
Jeffrey D. Sachs, Aaron Tornell and Andrés Velasco
Columbia University - Columbia Earth Institute, University of California, Los Angeles (UCLA) - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 97 (340,793)

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13.

Exchange Rates under Robustness: An Account of the Forward Premium Puzzle

Number of pages: 58 Posted: 16 Nov 2008
Ming Li and Aaron Tornell
SFSU, Finance and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 88 (362,408)
Citation 4

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Misspecification, Momentum, Overreaction, Predictability, Robustness, Structured uncertainty, Underreaction

14.
Downloads 84 (372,839)

Voracity and Growth

Number of pages: 39 Posted: 11 Jun 2000 Last Revised: 07 Oct 2021
Aaron Tornell and Philip R. Lane
University of California, Los Angeles (UCLA) - Department of Economics and Trinity College (Dublin) - Department of Economics
Downloads 84 (376,297)

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Voracity and Growth

CEPR Discussion Paper Series No. 2001
Posted: 22 Apr 1999
Philip R. Lane and Aaron Tornell
Trinity College (Dublin) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics

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15.

NAFTA and Mexico&Apos;S Less-than-Stellar Performance

Number of pages: 41 Posted: 13 Feb 2004 Last Revised: 14 Aug 2021
University of California, Los Angeles (UCLA) - Department of Economics, University of Osnabrueck - Department of Economics and Bank of Mexico
Downloads 82 (378,189)

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16.

Decomposing the Effects of Financial Liberalization: Crises vs. Growth

Number of pages: 23 Posted: 05 Jan 2007 Last Revised: 30 Jun 2021
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 75 (398,094)
Citation 3

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17.

The Euro Area's Common Pool Problem Revisited: Has the Single Supervisory Mechanism Ameliorated Forbearance and Evergreening?

Number of pages: 47 Posted: 24 Oct 2017
Sven Steinkamp, Aaron Tornell and Frank Westermann
Universität Osnabrück - Institute of Empirical Economic Research, University of California, Los Angeles (UCLA) - Department of Economics and University of Osnabrueck - Department of Economics
Downloads 74 (401,113)

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single supervisory mechanism, evergreening, nonperforming loans, common-pool problem

18.

A New Index of Currency Mismatch and Systemic Risk

Number of pages: 26 Posted: 01 Feb 2011
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund (IMF) - European Department
Downloads 71 (410,379)

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Banking sector, Cross country analysis, Currencies, Economic models, Emerging markets, Europe, External borrowing, Financial crisis, Fiscal risk, Loans, Sovereign debt, Time series

19.

Fiscal Discipline and the Choice of Exchange Rate Regime

IDB Working Paper No. 247
Number of pages: 14 Posted: 20 Apr 2011
Aaron Tornell and Andrés Velasco
University of California, Los Angeles (UCLA) - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 70 (413,450)
Citation 4

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20.
Downloads 67 (423,275)
Citation 6

Exchange Rate Dynamics, Learning and Misperception

Number of pages: 57 Posted: 14 Dec 2002 Last Revised: 30 Aug 2021
Pierre-Olivier Gourinchas and Aaron Tornell
University of California, Berkeley - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 43 (527,031)

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Exchange Rate Dynamics, Learning and Misperception

Number of pages: 59 Posted: 14 Feb 2003
Pierre-Olivier Gourinchas and Aaron Tornell
University of California, Berkeley - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 24 (641,362)
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Forward premium puzzle, delayed overshooting, predictable returns, monetary policy

21.

Common Fundamentals in the Tequila and Asian Crises

Number of pages: 41 Posted: 03 Feb 2000 Last Revised: 05 Jul 2021
Aaron Tornell
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 60 (447,452)

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22.

Rational Atrophy: The Us Steel Industry

Number of pages: 51 Posted: 13 Jul 2000 Last Revised: 18 Aug 2021
Aaron Tornell
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 59 (451,133)

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23.

The Political Economy of Mexico's Entry to NAFTA

Number of pages: 51 Posted: 13 Jun 2000 Last Revised: 24 Sep 2010
Aaron Tornell and Gerardo Esquivel
University of California, Los Angeles (UCLA) - Department of Economics and El Colegio de Mexico - Centro de Estudios Economicos
Downloads 56 (462,339)

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24.

Balance Sheet Effects, Bailout Guarantees and Financial Crises

Number of pages: 59 Posted: 15 Dec 2000 Last Revised: 20 Oct 2010
Martin Schneider and Aaron Tornell
Independent and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 48 (494,513)
Citation 14

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25.

Fixed Versus Flexible Exchange Rates: Which Provides More Fiscal Discipline?

Number of pages: 37 Posted: 30 Aug 2000
Aaron Tornell and Andrés Velasco
University of California, Los Angeles (UCLA) - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 47 (498,916)

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26.

Privatizing the Privatized

Number of pages: 41 Posted: 24 Mar 2000 Last Revised: 11 Sep 2021
Aaron Tornell
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 41 (526,080)

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27.

Reform from within

Number of pages: 52 Posted: 12 Jul 2000 Last Revised: 08 Apr 2008
Aaron Tornell
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 40 (530,948)

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28.

Are Windfalls a Curse? A Non-Representative Agent Model of the Current Account and Fiscal Policy

Number of pages: 44 Posted: 24 Nov 2000 Last Revised: 23 Sep 2021
Aaron Tornell and Philip R. Lane
University of California, Los Angeles (UCLA) - Department of Economics and Trinity College (Dublin) - Department of Economics
Downloads 38 (540,901)

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29.

Why Aren&Apos;T Savings Rates in Latin America Procyclical?

Number of pages: 28 Posted: 07 May 1998 Last Revised: 09 Oct 2021
Philip R. Lane and Aaron Tornell
Trinity College (Dublin) - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 36 (551,164)
Citation 1

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30.

Robust-H-Infinity Forecasting and Asset Pricing Anomalies

Number of pages: 52 Posted: 19 Jul 2000 Last Revised: 09 Sep 2021
Aaron Tornell
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 34 (561,771)

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31.

Exchange Rate Dynamics and Learning

Number of pages: 67 Posted: 21 May 1998 Last Revised: 13 Aug 2021
Pierre-Olivier Gourinchas and Aaron Tornell
University of California, Berkeley - Department of Economics and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 32 (572,693)

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32.

Money-Based Versus Exchange Rate-Based Stabilization with Endogenous Fiscal Policy

Number of pages: 39 Posted: 21 Jul 2000 Last Revised: 27 Jun 2021
Aaron Tornell and Andrés Velasco
University of California, Los Angeles (UCLA) - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 30 (584,109)

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33.

Economic Growth and Decline with Endogenous Property Rights

Number of pages: 45 Posted: 05 Jan 2002 Last Revised: 26 Nov 2021
Aaron Tornell
University of California, Los Angeles (UCLA) - Department of Economics
Downloads 28 (596,293)
Citation 2

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34.

A New Index of Currency Mismatch and Systemic Risk

Number of pages: 28 Posted: 21 Feb 2011
University of Southern California, University of California, Los Angeles (UCLA) - Department of Economics and International Monetary Fund (IMF) - European Department
Downloads 7 (750,043)
Citation 1
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Currency Mismatch, Emerging Economies, Financial Crises, Systemic Risk

35.

Financial Black-Holes: The Interaction of Financial Regulation and Bailout Guarantees

Number of pages: 60 Posted: 21 Feb 2011
Romain G. Rancière and Aaron Tornell
University of Southern California and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 6 (757,971)
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Bailout Guarantees, Derivatives, Financial Crisis, Financial Regulation

36.

Speculation and Hedging in the Currency Futures Markets: Are They Informative to the Spot Exchange Rates

Posted: 27 Feb 2013
Aaron Tornell and Chunming Yuan
University of California, Los Angeles (UCLA) - Department of Economics and University of Maryland, Baltimore County (UMBC) - Department of Economics

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Spot Exchange Rates, Currency Futures, Speculation, Hedging, Commitments of Traders