1. Publications in Refereed Journals
• China’s State-Owned Enterprises and Competitive Neutrality, World Economics Journal, Vol.22 (1), (coauthored),
2021.
• Europe in the Midst of China-US Strategic Economic Competition: What Are the European Union’s Options?
Journal of Chinese Economic and Business Studies, Vo.17 (4), 2019.
• How Does China Fare on the Russian Market? Implications for the European Union, Russian Journal of
Economics, Vol.5 (4), (co-authored), 2019.
• The Regulatory Arbitrage and Window Dressing in Shadow Banking: The Example of Chinese Wealth
Management Product, Economics and Political Studies, Vol.7 (3), (co-authored), 2019.
• Mexico’s Monetary Policy Communication and Money Markets, International Journal of Economics and Finance,
Vol.11 (2), (co-authored), 2019.
• Analyzing the Impact of Monetary Policy on Financial Markets in Chile, Revista de Análisis Económico, Vol.32
(1), (co-authored), 2017.
• Financial Inclusion, Rather Than Size, is the Key to Tackling Income Inequality, The Singapore Economic
Review, Vol.63 (1), (co-authored), 2017.
• China’s Belt and Road Initiative: Can Europe Expect Trade Gains? China and World Economy, Vol.25 (6), (coauthored),
2017.
• Do As I Do, and Also As I Say: Monetary Policy Impact on Brazil’s Financial Markets, Economía, Vol.17 (2),
(co-authored), Spring 2017.
• Determinants of Trade in Parts and Components: Latin America and East Asia, Journal of Chinese Economic
and Foreign Trade Studies, Vol. 9 (3), (co-authored), 2016.
• Internationaliser La Monnaie Tout En S’endettant Massivement: Le Cas De La Chine, Revue D'économie
Financière, Vol.119 (3), 2015.
• Some International Policy Issues for China, China Economic Policy Review, Vol. 4 (1), (co-authored), 2015.
• An Empirical Assessment of Social Unrest Dynamics and State Response in Eurasian Countries, Eurasian
Journal of Social Sciences, Vol.3 (3), (co-authored), 2015.
• RMB Bilateral Swap Agreements: How China Chooses its Partners, Asia-Pacific Journal of Accounting and
Economics, Vol.22 (4), (co-authored), 2015.
• Special Issue on the Integration between Asia and Europe, Journal of Economic Integration Vol.28 (2), (coauthored),
2013.
• French, German, and Japanese FDI on Intra-East Asian Trade, Journal of Economic Integration Vol.28 (2), (coauthored),
2013.
• International Diversification Gains and Home Bias in Banking, Journal of Banking and Finance, Vol.37 (7), (coauthored),
2013.
• Dynamic Provisioning: A Buffer Rather Than a Countercyclical Tool? Economia, Vol.13 (2), (co-authored),
2013.

• Trade In Services: East Asian and Latin American Experiences, International Journal of Services Technology
and Management, Vol.17 (2/3/4), (co-authored), 2012.
• Foreign Direct Investment Outflows from China and India, China Economic Policy Review, Vol.1 (1), (coauthored),
2012.
• The Political Economy of Exchange Rates: The Case of the Japanese Yen, Japan and the World Economy, Vol.24
(3), (co-authored), 2012.
• Les Risques Du Système Bancaire Chinois Après Le Plan De Relance De 2008-2010 Et Le Boom De L’Immobilier,
Revue D'économie Financière, Vol.102 (2), (co-authored), 2011.
• Hong Kong as an International Banking Center: Present and Future, Journal of the Asia Pacific Economy, Vol.16
(3), 2011.
• Developing Countries and the World Trade Organization: A Foreign Influence Approach, The Journal of
International Trade & Economic Development, Vol.19 (1), (co-authored), 2010;
• A Comparative Empirical Examination of Outward Foreign Direct Investment from Four Asian Economies:
People’s Republic of China; Japan; Republic of Korea; and Taipei, China. Asia Development Review, Vol.26 (2),
(co-authored), 2009.
• Why Don't Asians Invest in Asia? The Determinants of Cross-Border Portfolio Holdings, Asian Economic Papers,
Vol.8 (3), (co-authored), 2009.
• What Explains the Low Profitability of Chinese Banks?, Journal of Banking and Finance, Vol.33 (11), (coauthored),
2009.
• China Exchange Rate Policy and Asian Trade, Economie Internationale, Vol.116 (4), (co-authored), 2008. also
published in Chinese “中国的汇率政策和亚洲貿易”,新金融New Finance, Vol.9, (co-authored), 2009.
• Finance for Growth: Does a Balanced Financial Structure Matter?, Revue Economique, Vol.59 (6), (coauthored),
2008.
• Why Banks Go to Emerging Countries and What is the Impact for the Home Country?, Journal of Financial
Decision Making, Vol.4 (2), (co-authored), 2008.
• The Mix of International Banks’ Foreign Claims: Determinants and Implications, Journal of Banking and
Finance, Vol.31 (6), (co-authored), 2007.
• The Laffer Curve of Macroeconomic Volatility and Growth: Can it be Explained by the Different Nature of
Crises?, Money Affairs, Vol.XX (1), (co-authored), 2007.
• Do Asian Investors Rebalance Their Portfolios and What are the Consequences?, Journal of Asian Economies,
Vol.18 (1), (co-authored), 2007.
• Does China Have an Impact on Foreign Direct Investment to Latin America? China Economic Review, Volume
18, Issue 3, Pages 266-286, 2007;
• The Role of Global Risk Aversion in Explaining Sovereign Spreads, Economia, Vol.7 (1), (co-authored), 2006.
• China’s Banking Reform: An Assessment of its Evolution and Possible Impact, CESifo Economic Studies, Vol.52
(2), (co-authored), 2006.
• Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment
in China, The Japanese Economic Review, Vol.56 (4), (co-authored), 2005.
• Determinants of the Venezuelan Banking Crisis of the Mid-1990s: An Event History Analysis, Economía
Mexicana, Vol.XIV (1), 2005.

• Book Review of Dollarization: Lessons from Europe and the Americas, Review of Middle East Economics and
Finance, Vol.2 (1), 2004.
• Balance Sheet Effects and the Country Risk Premium: An Empirical Investigation, Review of World Economics,
Vol.140 (4), (co-authored), 2004.
• Why Do Countries Develop More Financially Than Others? The Role of the Central Bank and Banking
Supervision, Moneda y Crédito, Vol.216, 2003.
• Convergencias Real Y Nominal En La Adhesión A La Unión Europea, Economía industrial, Vol.345, (coauthored),
2002.
• Advanced Indicators of Crisis and its Role in Economic Analysis, Estabilidad Financiera, Vol.3, (co-authored),
2002.
• Additional Evidence on Monetary Base and Interest Rate Linkages in the EMS, Review of World Economics,
Vol.133 (2), (co-authored), 1997.
• Commodity Prices as a Guide for Monetary Policy: Evidence from the United Kingdom, Economia
Internazionale, vol.49 (3), (co-authored), 1996.
2. Publications in Books and Other Non-refereed Publications
• EU-India trade relations: assessment and perspectives, EU Parliament, (co-authored), 2021
• What is Behind China's Dual Circulation Strategy, China Leadership Monitor, September 2021
• Competencia Estratégica EEUU-China: Del Comercio A La Tecnología, Anuario Internacional CIDOB 2021,
CIDOB, pp. 117-125, (co-authored), 2021.
• Trading Paces - How is Trade Evolving: From Tight Coupling to Loose Coupling, Global Trade in a
Transformative Era, Biz@HUST, pp. 46-48, 2021.
• Rethinking Fiscal and Monetary Policy for the New Economy, Building Back Broader: Policy Pathway to
Economic Transformation, White paper by Global Future Council on the New Agenda for Fiscal and Monetary
Policy World Economic Forum, pp. 7-15, (co-authored), 2021.
• China’s Financing of the Belt and Road Initiative During the Pandemic, Institute for International Political
Studies, 2021.
• Post-Covid Asia Will Grow Strongly in 2021 but Structural Problems to Pile up, Institute for International
Political Studies, 2021.
• Comment Fonctionne Le Système De Planification Economique Chinois?, L'economie Politique No.89, 2021.
• The Elephant in the Room of WTO Reform: China, The Urgent Need of Reforming the WTO: Why and How?,
CESifo Forum, No.22 (2), 2021.
• Assessing China’s Economic Reform and Opening-Up: Successes, Shortfalls, and What’s Next, China and the
World – The Long March Towards a Community of Shared Future for Mankind, Il Mulino, Bologna, pp.71-93,
2020
• Should Emerging Economies Embrace Quantitative Easing during the Pandemic?, Liberty Street Economics,
(co-authored), 2020.
• COVID-19’s Reality Shock for Emerging Economies: Measures to Deal with Dependence on External Funding,
Uncharted Territory: Emerging World Order Post COVID-19, ORF, pp.57-61, (co-authored), 2020.
• Credible Emerging Market Central Banks Could Embrace Quantitative Easing to Fight COVID-19, VOX CEPR
Policy Portal, (co-authored), 2020.

• China and EU’s Competition in the Russian Market: Much stronger for Trade Than for Investment, Baltic Rim
Economies, No.2/2020, Pan-European Institute, (co-authored), 2020.
• COVID-19’s Reality Shock for Emerging Economies: Solutions to Deal with Dependence on External Funding,
VOX CEPR Policy Portal, (co-authored), 2020.
• EU-China trade and investment relations in challenging times, EU Parliament, (co-authored), 2020.
• El Covid-19 En Las Economías Emergentes, Politica exterior, No. 195, 2020.
• The Pandemic Requires a Coordinated Global Economic Response, Intereconomics, Vol.55 (2), 2020.
• Zwischen Baum und Borke, Journal für Internationale Politik und Gesellschaft (IPG), 2020.
• From Globalization to Deglobalization: Zooming Into Trade, Las Claves De La Globalization 4.0, Economistas,
pp. 33-42, 2019.
• La China Real, Sin Cuentos Chinos, La China de Xi Jinping, REVISTA de Libros, 2019.
• La Guerra Comercial Entre EEUU y China y Sus Implicaciones: China, Asia y América Latina, Las Turbulencias
Del Comercio Internacional, Revista de la Secretaria General Iberoamericana, Vol.3, 2019.
• To the commissioner responsible for trade, Braver, Greener, Fairer: Memos to the EU leadership 2019- 2024,
Bruegel, pp. 178-191, (co-authored), 2019.
• US-China Strategic Economic Competition: Impact on EU-China Relations, Trade and Economic Connectivity
in the Age of Uncertainty, Konrad-Adenauer-Stiftung, 2019.
• Africa's Rising Commodity Export Dependency on China, Routledge Handbook of Africa–Asia Relations,
Routledge, Chapter 11, (co-authored), 2017.
• East Asian Trade in Services, Trade, Globalization, Development, and Security in Asia, World Scientific
Publishing, pp. 91-103, (co-authored), 2014.
• Indonesia y Filipinas: Dos Estrellas de Asia, Política Exterior, Vol.27 (153), (co-authored), 2013.
• Dynamic Provisioning to Reduce Procyclicality in Spain, Handbook of Safeguarding Global Financial Stability,
Elsevier, pp.297-308, (co-authored), 2013.
• Foreign Direct Investment in Financing Regional Infrastructure, Infrastructure for Asian Connectivity, Edward
Elgar, pp.402-431, (co-authored), 2012.
• An Assessment of China's banking system reform, China and the Global Financial Crisis, Routledge, Part I,
Chapter 4, 2011.
• Los Eagles: Las Economías Emergentes Que Serán Las Protagonistas Del Crecimiento Mundial, Las Economías
Emergentes y el Reequilibrio Global: Retos y Oportunidades Para España, Papeles de la Fundación de Estudios
Financieros No 43, pp.81-88, (co-authored), 2011.
• China Como Receptor de Inversión Extranjera Directa, Economía Exterior, No.56, Estudios de Política Exterior,
pp.103-107, 2011.
• Las Economías Emergentes Que Liderarán el Crecimiento, ICE Revista de economía No.859, Ministerio de
Economía y Competitividad, págs. 7-19, (co-authored), 2011.
• Internacionalización Del Renminbi: ¿Qué Está Sucediendo y Qué Hemos de Esperar?, ICE Boletín Económico
3005, ICE Boletín Económico, pp.16-31, 2011.
• Emerging Countries' Sovereign Risk: Balance Sheet Effects, Global Risk Aversion, and Contagion, in Financial
Contagion, Revista 03, Fondo Latinoamericano de Reservas, pp.59-72, 2011.

• ¿Cuando Saltará Fronteras el Renminbi, El Papel de China en el Sistema Monetario Internacional, en Crisis
Financiera y Arquitectura Financiera Internacional, ICE no.855, Ministerio de Economía y Competitividad, (coauthored),
2010.
• Comments on “Who Saw Sovereign Debt Crises Coming?”, Economía, Vol.10 (1), (co-authored), 2009.
• Annual Report 2009 of the Boao Forum for Asia on Progress of Asian Economic Integration, University of
International Business and Economics (UIBE), (co-authored), 2009.
• Una Valoración de la Reforma del Sistema Bancario Chino, Boletín Económico del ICE No.2972, Ministerio de
Economía y Competitividad, (co-authored), 2009.
• Finanzas Islámicas: Desarrollo Reciente y Oportunidades, Revista de Estabilidad Financiera No.15, Banco de
España Estabilidad Financiera, pp.119-135, (co-authored), 2008.
• Las Economías Emergentes ante la Desaceleración Mundial”, Cuadernos de Economía 205, julio-agosto 2008,
published by Ethics Resource Kit, 2008;
• Desarrollo e Integración Financiera en Asia, Boletín Económico de ICE, Ministerio de Economía y
Competitividad, pp.117-130, (co-authored), 2008.
• Global and Regional Financial Integration: Progress in Emerging Markets, BIS Quarterly Review, BIS
Quarterly Review, (co-authored), pp.57-70, 2007.
• The Latin American Financial System in Perspective, Papeles de Economía Española No.110, Fundación de las
Cajas de Ahorros, pp.103-115, (co-authored), 2016.
• China y Los Desequilibrios Globales, Cuadernos de Información Económica No.193, Fundación de las Cajas de
Ahorros, pp.45-52, 2006.
• El Efecto Catalítico del Fondo Monetario Internacional Sobre Los Flujos de Capital Privado Hacia Las
Economías Emergentes, Boletín Económico, Banco de España, pp.3-12, (co-authored), 2006.
• Efectos de Balance y Riesgo Soberano en Las Economías Emergentes, BOLETÍN ECONÓMICO, BANCO DE
ESPAÑA, pp.99-106, (co-authored), 2005.
• Comments to “Argentina: Monetary Policy by Default” by George T. McCandless, in Monetary Policy and
Macroeconomic Stabilization in Latin America, Springer, 2005;
• Central Banks as Monetary Authorities and Financial Stability, Handbook of Central Banking and Financial
Authorities in Europe, Edward Elgar, Chapter 1, (co-authored), 2005.
• The Argentine Banking Crisis, in Banking Crises in the Americas, Experiences and Lessons, ICFAI, 2005;
• The Paraguayan Banking Crisis, in Banking Crises in the Americas, Experiences and Lessons, ICFAI, 2005;
• The Venezuelan Banking Crisis, in Banking Crises in the Americas, Experiences and Lessons, ICFAI, 2005;
• La Reforma Del Sistema Financiero Chino, Boletín Económico, Banco de España, pp.101-111, (co-authored),
2004.
• Foreign Banks and Financial Stability in the New Europe, Financial Internationalization in the New Europe:
Banks, Markets and Regulation in EU Accession Countries, Edward Elgar, (co-authored), 2004.
• Stability and Efficiency Perspective, Financial Stability and the Design of Monetary Policy in Financial Markets
in Central and Eastern Europe, Routledge, pp.319-349, (co-authored), 2004.
• Situación de Partida de Los Nuevos Miembros: La Convergencia Económica y Las Reformas Estructurales, La
Ampliación Europea: Desafíos y Oportunidades, FCAVN, pp.104-123, (co-authored), 2004.
• Banca Extranjera y Estabilidad Financiera en Los Países en Proceso de Adhesión a la Unión Europea, Boletín
Económico, Banco de España, pp.75-80, (co-authored), 2004.

• Las Pruebas de Estrés en Los Programas de Evaluación del Sistema Financiero, Estabilidad Financiera No.6,
Banco de España, pp.107-121, (co-authored), 2004.
• Banking Crises in Latin America in the 1990s: Lessons from Argentina, Paraguay and Venezuela. Latin
American Economic Crises, Pages 40-57. 2004;
• Latin American Financial Development in Perspective, Regional Integration in Europe and Latin America:
Monetary and Financial Aspects, Ashgate, Part III, (co-authored), 2003.
• Investing in the Financial Sector of Emerging Countries: Potential risks and how to manage them, Estabilidad
Financiera No.5, Banco de España and BIS, (co-authored), 2003.
• La Internacionalización de la Economía Española: La Experiencia del Sector Bancario, Revista Iberoamericana,
Universidad de Alcalá, pp.104-111, 2003.
• La Ampliación de la Unión Europea, La Estabilidad Macroeconómica, Las Reformas Estructurales y el Sistema
Financiero en el Proceso de Convergencia Real, Información Comercial Española No.809, Ministerio de
Economía y Competitividad, pp.135-152, (co-authored), 2003.
• Los Sistemas Bancarios en Asia y Europa: Unacomparación de su Evolución, Boletín Económico, Banco de
España, pp.45-57, (co-authored), 2002.
• El Desarrollo Financiero en América Latina en Perspectiva, Boletín Económico, Banco de Espana, pp.83-90,
(co-authored), 2002;
• Indicadores Adelantados de Crisis y su Papel en el Análisis Economic, Estabilidad Financiera No.3, Banco de
España, pp.45-57, (co-authored), 2002.
• Características Diferenciales de las Crisis en las Economías Emergentes: Lecciones Para Prevenir y Manejar
Crisis, Perspectivas del Sistema Financiero No.73, FUNCAS, pp.111-129, 2001.
• L´Amerique Latine face á la mondialisation: union monétaire régionale ou dollarisation?, Problème d’Amerique
Latine No.41, ESKA, 2001.
• La Nueva Política Monetaria del Eurosistema, Papeles de Economía Española No.84-85, Fundación de las Cajas
de Ahorros, pp.25-33, 2000.
• La Banca in America Latina, Latin America 2000: From Stabilisation to Growth, Studi & Reserche dell´Instituto
per gli Studi di Politica Internazionale, 2000;
• El Sistema Bancario Latinoamericano: Desarrollo a Pesar de las Crisis, Cuadernos de Información Económica
No.148-49, Fundación de las Cajas de Ahorros, pp.129-148, 1999.