Horacio Sapriza

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Identifer

Contact

Affiliations

• Federal Reserve Bank of Richmond / Economic Research Division
  • EDIRC entry
  • location:

Research profile

author of:

• Sovereign Debt Restructurings
  American Economic Journal: Macroeconomics, American Economic Association (2021)
  by Maximiliano Dvorkin & Juan M. Sánchez & Horacio Sapriza & Emircan Yurdagul
  (ReDIF-article, aea:aejmac:v:13:y:2021:i:2:p:26-77)
• Cross-Border Bank Flows and Monetary Policy: Implications for Canada
  Staff Working Papers, Bank of Canada (2017)
  by Ricardo Correa & Teodora Paligorova & Horacio Sapriza & Andrei Zlate
  (ReDIF-paper, bca:bocawp:17-34)
• Sovereign Default, Terms of Trade and Interest Rates in Emerging Markets
  Working Papers, Banco de México (2006)
  by Cuadra Gabriel & Sapriza Horacio
  (ReDIF-paper, bdm:wpaper:2006-01)
• Sovereign Default, Interest Rates and Political Uncertainty in Emerging Markets
  Working Papers, Banco de México (2006)
  by Cuadra Gabriel & Sapriza Horacio
  (ReDIF-paper, bdm:wpaper:2006-02)
• Fiscal Policy and Default Risk in Emerging Markets
  Working Papers, Banco de México (2007)
  by Cuadra Gabriel & Sapriza Horacio
  (ReDIF-paper, bdm:wpaper:2007-03)
• Whatever it takes. What's the impact of a major nonconventional monetary policy intervention?
  BIS Working Papers, Bank for International Settlements (2018)
  by Carlo Alcaraz & Stijn Claessens & Gabriel Cuadra & David Marques-Ibanez & Horacio Sapriza
  (ReDIF-paper, bis:biswps:749)
• Financially Constrained Stock Returns
  Journal of Finance, American Finance Association (2009)
  by Dmitry Livdan & Horacio Sapriza & Lu Zhang
  (ReDIF-article, bla:jfinan:v:64:y:2009:i:4:p:1827-1862)
• Indexed Sovereign Debt: An Applied Framework
  Carlo Alberto Notebooks, Collegio Carlo Alberto (2008)
  by Guido Sandleris & Horacio Sapriza & Filippo Taddei
  (ReDIF-paper, cca:wpaper:104)
• Improving Sovereign Debt Restructurings
  CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
  by Dvorkin, Maximiliano & Sanchez, Juan M. & Sapriza, Horacio & Yurdagul, Emircan
  (ReDIF-paper, cpr:ceprdp:17223)
• Whatever it takes: what’s the impact of a major nonconventional monetary policy intervention?
  Working Paper Series, European Central Bank (2019)
  by Alcaraz, Carlo & Claessens, Stijn & Cuadra, Gabriel & Marqués-Ibáñez, David & Sapriza, Horacio
  (ReDIF-paper, ecb:ecbwps:20192249)
• Improving sovereign debt restructurings
  Journal of Economic Dynamics and Control, Elsevier (2022)
  by Dvorkin, Maximiliano & Sánchez, Juan M. & Sapriza, Horacio & Yurdagul, Emircan
  (ReDIF-article, eee:dyncon:v:139:y:2022:i:c:s0165188922001403)
• Asymmetries in the bank lending channel of monetary policy in the United States
  Economics Letters, Elsevier (2020)
  by Sapriza, Horacio & Temesvary, Judit
  (ReDIF-article, eee:ecolet:v:189:y:2020:i:c:s0165176520300604)
• News, sovereign debt maturity, and default risk
  Journal of International Economics, Elsevier (2020)
  by Dvorkin, Maximiliano & Sánchez, Juan M. & Sapriza, Horacio & Yurdagul, Emircan
  (ReDIF-article, eee:inecon:v:126:y:2020:i:c:s0022199620300684)
• Wholesale funding runs, global banks' supply of liquidity insurance, and corporate investment
  Journal of International Economics, Elsevier (2021)
  by Correa, Ricardo & Sapriza, Horacio & Zlate, Andrei
  (ReDIF-article, eee:inecon:v:133:y:2021:i:c:s0022199621000994)
• Sovereign default, interest rates and political uncertainty in emerging markets
  Journal of International Economics, Elsevier (2008)
  by Cuadra, Gabriel & Sapriza, Horacio
  (ReDIF-article, eee:inecon:v:76:y:2008:i:1:p:78-88)
• News and sovereign default risk in small open economies
  Journal of International Economics, Elsevier (2013)
  by Durdu, C. Bora & Nunes, Ricardo & Sapriza, Horacio
  (ReDIF-article, eee:inecon:v:91:y:2013:i:1:p:1-17)
• Government support, regulation, and risk taking in the banking sector
  Journal of Banking & Finance, Elsevier (2020)
  by Brandao-Marques, Luis & Correa, Ricardo & Sapriza, Horacio
  (ReDIF-article, eee:jbfina:v:112:y:2020:i:c:s0378426618300153)
• Economic activity and the bank credit channel
  Journal of Banking & Finance, Elsevier (2024)
  by Sapriza, Horacio & Temesvary, Judit
  (ReDIF-article, eee:jbfina:v:164:y:2024:i:c:s037842662400133x)
• Sovereign debt ratings and stock liquidity around the World
  Journal of Banking & Finance, Elsevier (2016)
  by Lee, Kuan-Hui & Sapriza, Horacio & Wu, Yangru
  (ReDIF-article, eee:jbfina:v:73:y:2016:i:c:p:99-112)
• U.S. unconventional monetary policy and transmission to emerging market economies
  Journal of International Money and Finance, Elsevier (2015)
  by Bowman, David & Londono, Juan M. & Sapriza, Horacio
  (ReDIF-article, eee:jimfin:v:55:y:2015:i:c:p:27-59)
• Sovereign default and maturity choice
  Journal of Monetary Economics, Elsevier (2018)
  by Sánchez, Juan M. & Sapriza, Horacio & Yurdagul, Emircan
  (ReDIF-article, eee:moneco:v:95:y:2018:i:c:p:72-85)
• Financial frictions, trade credit, and the 2008–09 global financial crisis
  International Review of Economics & Finance, Elsevier (2013)
  by Coulibaly, Brahima & Sapriza, Horacio & Zlate, Andrei
  (ReDIF-article, eee:reveco:v:26:y:2013:i:c:p:25-38)
• Liquidity Shocks, Dollar Funding Costs, and the Bank Lending Channel during the European Sovereign Crisis
  Supervisory Research and Analysis Working Papers, Federal Reserve Bank of Boston (2016)
  by Ricardo Correa & Horacio Sapriza & Andrei Zlate
  (ReDIF-paper, fip:fedbqu:rpa16-4)
• How Does the Strength of Monetary Policy Transmission Depend on Real Economic Activity?
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2019)
  by Horacio Sapriza & Judit Temesvary
  (ReDIF-paper, fip:fedgfe:2019-23)
• Bottom-up Leading Macroeconomic Indicators: An Application to Non-Financial Corporate Defaults using Machine Learning
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2019)
  by Tyler Pike & Horacio Sapriza & Tom Zimmermann
  (ReDIF-paper, fip:fedgfe:2019-70)
• The Collateral Channel and Bank Credit
  Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (2022)
  by Arun Gupta & Horacio Sapriza & Vladimir Yankov
  (ReDIF-paper, fip:fedgfe:2022-24)
• Trade credit and international trade during the 2008-09 global financial crisis
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2011)
  by Brahima Coulibaly & Horacio Sapriza & Andrei Zlate
  (ReDIF-paper, fip:fedgif:1020)
• Liquidity shocks, dollar funding costs, and the bank lending channel during the European sovereign crisis
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2012)
  by Ricardo Correa & Horacio Sapriza & Andrei Zlate
  (ReDIF-paper, fip:fedgif:1059)
• Sovereign credit risk, banks' government support, and bank stock returns around the world
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2012)
  by Ricardo Correa & Kuan-Hui Lee & Horacio Sapriza & Gustavo A. Suarez
  (ReDIF-paper, fip:fedgif:1069)
• International evidence on government support and risk taking in the banking sector
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2013)
  by Luis Brandao-Marques & Ricardo Correa & Horacio Sapriza
  (ReDIF-paper, fip:fedgif:1086)
• Sovereign Debt Crises
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2014)
  by Ricardo Correa & Horacio Sapriza
  (ReDIF-paper, fip:fedgif:1104)
• U.S. Unconventional Monetary Policy and Transmission to Emerging Market Economies
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2014)
  by David Bowman & Juan M. Londono & Horacio Sapriza
  (ReDIF-paper, fip:fedgif:1109)
• Unconventional Monetary and Exchange Rate Policies
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2017)
  by Tamim Bayoumi & Joseph E. Gagnon & Juan M. Londono & Christian Saborowski & Horacio Sapriza
  (ReDIF-paper, fip:fedgif:1194)
• Cross-Border Bank Flows and Monetary Policy
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2018)
  by Ricardo Correa & Teodora Paligorova & Horacio Sapriza & Andrei Zlate
  (ReDIF-paper, fip:fedgif:1241)
• News and sovereign default risk in small open economies
  International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2010)
  by Bora Durdu & Ricardo Nunes & Horacio Sapriza
  (ReDIF-paper, fip:fedgif:997)
• Sovereign Default and the Choice of Maturity
  Working Papers, Federal Reserve Bank of St. Louis (2014)
  by Juan M. Sanchez & Horacio Sapriza & Emircan Yurdagul
  (ReDIF-paper, fip:fedlwp:2014-031)
• Sovereign Debt Restructurings
  Working Papers, Federal Reserve Bank of St. Louis (2018)
  by Maximiliano Dvorkin & Juan M. Sanchez & Horacio Sapriza & Emircan Yurdagul
  (ReDIF-paper, fip:fedlwp:2018-013)
• News, sovereign debt maturity, and default risk
  Working Papers, Federal Reserve Bank of St. Louis (2018)
  by Maximiliano Dvorkin & Juan M. Sanchez & Horacio Sapriza & Emircan Yurdagul
  (ReDIF-paper, fip:fedlwp:2018-033)
• Improving Sovereign Debt Restructurings
  Working Papers, Federal Reserve Bank of St. Louis (2019)
  by Maximiliano Dvorkin & Juan M. Sanchez & Horacio Sapriza & Emircan Yurdagul
  (ReDIF-paper, fip:fedlwp:2019-036)
• Introducing the Credit Market Sentiment Index
  Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2022)
  by Danilo Leiva-León & Gabriel Perez-Quiros & Horacio Sapriza & Egon Zakrajšek
  (ReDIF-article, fip:fedreb:94668)
• Policies for Improving Sovereign Debt Restructurings
  Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2023)
  by Kushal Patel & Horacio Sapriza
  (ReDIF-article, fip:fedreb:95585)
• The Collateral Channel and Bank Credit
  Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2023)
  by Arun Gupta & Horacio Sapriza & Vladimir Yankov
  (ReDIF-article, fip:fedreb:97013)
• Redlining and U.S. Residential Mortgage Market Pricing
  Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2024)
  by Andrew Ellul & David Marques & Horacio Sapriza & Alex Sclip & Jack Taylor
  (ReDIF-article, fip:fedreb:98469)
• Sentiment About Business Debt as a Leading Economic Indicator
  Richmond Fed Economic Brief, Federal Reserve Bank of Richmond (2025)
  by Danilo Leiva-León & Thomas A. Lubik & Gabriel Perez-Quiros & Nathan Robino & Horacio Sapriza & Francisco Vazquez-Grande & Egon Zakrajšek
  (ReDIF-article, fip:fedreb:99646)
• The economics of sovereign defaults
  Economic Quarterly, Federal Reserve Bank of Richmond (2007)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-article, fip:fedreq:y:2007:i:spr:p:163-187:n:v.93no.2)
• Quantitative models of sovereign default and the threat of financial exclusion
  Economic Quarterly, Federal Reserve Bank of Richmond (2007)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-article, fip:fedreq:y:2007:i:sum:p:251-286:n:v.93no.3)
• Computing business cycles in emerging economy models
  Working Paper, Federal Reserve Bank of Richmond (2006)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:06-11)
• Heterogeneous borrowers in quantitative models of sovereign default
  Working Paper, Federal Reserve Bank of Richmond (2008)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:07-01)
• Fiscal policy and default risk in emerging markets
  Working Paper, Federal Reserve Bank of Richmond (2009)
  by Gabriel Cuadra & Juan M. Sanchez & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:09-01)
• On the cyclicality of the interest rate in emerging economy models: solution methods matter
  Working Paper, Federal Reserve Bank of Richmond (2009)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:09-13)
• Quantitative properties of sovereign default models: solution methods matter
  Working Paper, Federal Reserve Bank of Richmond (2010)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:10-04)
• The Collateral Channel and Bank Credit
  Working Paper, Federal Reserve Bank of Richmond (2022)
  by Arun Gupta & Horacio Sapriza & Vladimir Yankov
  (ReDIF-paper, fip:fedrwp:94253)
• Improving Sovereign Debt Restructurings
  Working Paper, Federal Reserve Bank of Richmond (2022)
  by Maximiliano Dvorkin & Juan M. Sanchez & Horacio Sapriza & Emircan Yurdagul
  (ReDIF-paper, fip:fedrwp:94347)
• Do Costly Internal Equity Injections Reveal Bank Expectations about Post-Crisis Real Outcomes?
  Working Paper, Federal Reserve Bank of Richmond (2022)
  by Arun Gupta & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:95579)
• Bank Lending Standards and the U.S. Economy
  Working Paper, Federal Reserve Bank of Richmond (2024)
  by Elijah Broadbent & Huberto M. Ennis & Tyler Pike & Horacio Sapriza
  (ReDIF-paper, fip:fedrwp:98690)
• Heterogeneous Borrowers In Quantitative Models Of Sovereign Default
  International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2009)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-article, ier:iecrev:v:50:y:2009:i:4:p:1129-1151)
• Quantitative properties of sovereign default models: solution methods matter
  IMF Working Papers, International Monetary Fund (2010)
  by Mr. Leonardo Martinez & Horacio Sapriza & Juan Carlos Hatchondo
  (ReDIF-paper, imf:imfwpa:2010/100)
• International Evidence on Government Support and Risk Taking in the Banking Sector
  IMF Working Papers, International Monetary Fund (2013)
  by Mr. Luis Brandão-Marques & Mr. Ricardo Correa & Horacio Sapriza
  (ReDIF-paper, imf:imfwpa:2013/094)
• Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
  IMF Working Papers, International Monetary Fund (2017)
  by Mr. Joseph E. Gagnon & Mr. Tamim Bayoumi & Juan M. Londono & Christian Saborowski & Horacio Sapriza
  (ReDIF-paper, imf:imfwpa:2017/056)
• Direct and Spillover Effects of Unconventional Monetary and Exchange Rate Policies
  Open Economies Review, Springer (2017)
  by Joseph E. Gagnon & Tamim Bayoumi & Juan M. Londono & Christian Saborowski & Horacio Sapriza
  (ReDIF-article, kap:openec:v:28:y:2017:i:2:d:10.1007_s11079-017-9437-0)
• News and Sovereign Default Risk in Small Open Economies
  Koç University-TUSIAD Economic Research Forum Working Papers, Koc University-TUSIAD Economic Research Forum (2013)
  by C. Bora Durdu & Ricardo Nunes & Horacio Sapriza
  (ReDIF-paper, koc:wpaper:1309)
• Financially Constrained Stock Returns
  NBER Working Papers, National Bureau of Economic Research, Inc (2006)
  by Dmitry Livdan & Horacio Sapriza & Lu Zhang
  (ReDIF-paper, nbr:nberwo:12555)
• Cross-Border Bank Flows and Monetary Policy
  The Review of Financial Studies, Society for Financial Studies (2022)
  by Ricardo Correa & Teodora Paligorova & Horacio Sapriza & Andrei Zlate
  (ReDIF-article, oup:rfinst:v:35:y:2022:i:1:p:438-481.)
• Online Appendix to "Quantitative properties of sovereign default models: solution methods"
  Online Appendices, Review of Economic Dynamics (2010)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-paper, red:append:08-133)
• Code and data files for "Fiscal Policy and Default Risk in Emerging Markets"
  Computer Codes, Review of Economic Dynamics (2009)
  by Gabriel Cuadra & Juan Sanchez & Horacio Sapriza
  (ReDIF-software, red:ccodes:07-61)
• Code and data files for "Quantitative properties of sovereign default models: solution methods matter"
  Computer Codes, Review of Economic Dynamics (2010)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-software, red:ccodes:08-133)
• Fiscal Policy and Default Risk in Emerging Markets
  Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010)
  by Gabriel Cuadra & Juan Sanchez & Horacio Sapriza
  (ReDIF-article, red:issued:06-71)
• Quantitative properties of sovereign default models: solution methods
  Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-article, red:issued:08-133)
• Fiscal Policy, Inflation Tax and Default Risk in Emerging Economies
  2006 Meeting Papers, Society for Economic Dynamics (2006)
  by Horacio Sapriza & Gabriel Cuadra
  (ReDIF-paper, red:sed006:727)
• Sovereign default risk with heterogenous borrowers
  2006 Meeting Papers, Society for Economic Dynamics (2006)
  by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
  (ReDIF-paper, red:sed006:845)
• Indexed Sovereign Debt: An Applied Framework
  2008 Meeting Papers, Society for Economic Dynamics (2008)
  by Horacio Sapriza & Filippo Taddei & Guido Sandleris
  (ReDIF-paper, red:sed008:1064)
• Fiscal Policy and Default Risk in Emerging Markets
  2009 Meeting Papers, Society for Economic Dynamics (2009)
  by Juan M. Sanchez & Horacio Sapriza & Gabriel Cuadra
  (ReDIF-paper, red:sed009:701)
• News and sovereign default risk in small open economies
  2010 Meeting Papers, Society for Economic Dynamics (2010)
  by Ricardo Nunes & Horacio Sapriza & Ceyhun Bora Durdu
  (ReDIF-paper, red:sed010:1224)
• News and sovereign default risk in small open economies
  2011 Meeting Papers, Society for Economic Dynamics (2011)
  by Ricardo Nunes & Horacio Sapriza & Bora Durdu
  (ReDIF-paper, red:sed011:1355)
• Sovereign Default and Government’s Bailouts
  2014 Meeting Papers, Society for Economic Dynamics (2014)
  by Sandra Lizarazo & Horacio Sapriza & Javier Bianchi
  (ReDIF-paper, red:sed014:1297)
• Sovereign default and the choice of maturity
  2014 Meeting Papers, Society for Economic Dynamics (2014)
  by Horacio Sapriza & Emircan Yurdagul & Juan Sanchez
  (ReDIF-paper, red:sed014:799)
• Cross-border Flows and Monetary Policy
  2017 Meeting Papers, Society for Economic Dynamics (2017)
  by Teodora Paligorova & Horacio Sapriza & Andrei Zlate & Ricardo Correa
  (ReDIF-paper, red:sed017:335)
• Sovereign Debt Restructuring: A Dynamic Discrete Choice Approach
  2018 Meeting Papers, Society for Economic Dynamics (2018)
  by Maximiliano Dvorkin & Emircan Yurdagul & Horacio Sapriza & Juan Sanchez
  (ReDIF-paper, red:sed018:1273)
• News, sovereign debt maturity, and default risk
  2019 Meeting Papers, Society for Economic Dynamics (2019)
  by Maximiliano Dvorkin & Emircan Yurdagul & Horacio Sapriza & Juan Sanchez
  (ReDIF-paper, red:sed019:918)
• International Evidence on Government Support and Risk-Taking in the Banking Sector
  Other publications TiSEM, Tilburg University, School of Economics and Management (2012)
  by Brandao-Marques, L. & Correa, R. & Sapriza, H.
  (ReDIF-paper, tiu:tiutis:4a9756af-eb63-4867-ae29-3c8e431f18fb)
• Indexed Sovereign Debt: An Applied Framework
  Business School Working Papers, Universidad Torcuato Di Tella (2009)
  by Guido Sandleris & Horacio Sapriza & Filippo Taddei
  (ReDIF-paper, udt:wpbsdt:2009-01)
• Sovereign Credit Risk, Banks' Government Support, and Bank Stock Returns around the World
  Journal of Money, Credit and Banking, Blackwell Publishing (2014)
  by Ricardo Correa & Kuan‐Hui Lee & Horacio Sapriza & Gustavo A. Suarez
  (ReDIF-article, wly:jmoncb:v:46:y:2014:i:s1:p:93-121)