My broad areas of interest are international macroeconomics and the economics of emerging economies. Specific areas of interest include financial globalization, international capital flow movements, banking and currency crises in emerging markets, dollarization, exchange rate regimes, and institutions and governance. Among the questions I'm interested in are the following: why do some countries suffer more frequent financial crises, severe volatility, and contagion? How important are good institutions and governance in reducing these risks?

Another strand of my research aims to understand the role that the character of institutions, in particular the independence of the central bank, plays in determining monetary policy outcomes. For example, I have done research on the role that central bank independence plays in generating political monetary cycles. I have also looked at the effect of central bank independence on the performance of inflation targeting regimes.