Ricardo Hausmann

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Ricardo Hausmann was born in Venezuela.

Hausmann received a PhD in economics from Cornell University. He is the Director of Harvard's Center for International Development and a Professor of the Practice of Economic Development at John F. Kennedy School of Government at Harvard University. At the Kennedy School he is famous for his unique style of teaching and is extremely popular among his students^{[citation needed]}.

[edit] Previous Assignments

First Chief Economist of the Inter-American Development Bank (1994-2000)
- Created a Research Department
Minister of Planning in Venezuela (1992-1993)
- Member of the Board of the Central Bank of Venezuela
Chair of the IMF-World Bank Development Committee
Professor of Economics at the Instituto de Estudios Superiores de Administracion (IESA) (1985-1991) in Caracas
- Founded the Center for Public Policy

[edit] Publications

Books

Eichengreen, Barry, and Ricardo Hausmann, eds. Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economies. Chicago: University of Chicago Press, 2005.

Fundacion Salvadorena para el Desarrollo Economico y Social. (Co-authored by Ricardo Hausmann.) Estrategia Economica y Social 2004-2009 Oportunidades, Seguridad y Legitimidad: Bases para el Desarrollo. 2003.

Hausmann, Ricardo, and Ulrich Hiemenz, eds. Global Finance from a Latin American Viewpoint. IDB/OECD Press, 2000.

Fernández-Arias, Eduardo, and Ricardo Hausmann, eds. Wanted: World Financial Stability. IDB/Johns Hopkins University Press, 2000.

Fukasaku, Kiichiro, and Ricardo Hausmann, eds. Democracía, Decentralización y Deficit Presupuestario en América Latina. IDB Press, 1999.

Fukasaku, Kiichiro, and Ricardo Hausmann, eds. Democracy, Decentralization and Deficits in Latin America. IDB Press, 1998.

Hausmann, Ricardo, and Helmut Reisen, eds. Promoting Savings in Latin America. IDB/OECD Press, 1997.

Hausmann, Ricardo, and Liliana Rojas-Suárez, eds. Banking Crises in Latin America. IDB/Johns Hopkins University Press, 1996. Published in English and Spanish.

Hausmann, Ricardo, and Helmut Reisen, eds. Securing Stability and Growth in Latin America: Policy Issues and Prospects for Shock-Prone Economies. IDB/OECD Press, 1996.

Hausmann, Ricardo, and Liliana Rojas-Suárez, eds. Volatile Capital Flows: Taming Their Impact on Latin America. IDB/Johns Hopkins University Press, 1996.

Hausmann, Ricardo, and Roberto Rigobón, eds. Government Spending and Income Distribution in Latin America. Johns Hopkins University Press, 1993.

Hausmann, Ricardo. Shocks Externos y Ajuste Macroeconómico. Ediciones IESA. Caracas: Banco Central de Venezuela, 1992. Prologue by Rudiger Dornbusch.

Journal Articles and Book Chapters

Hausmann, Ricardo, and Catriona Purfield. "The Challenge of Fiscal Adjustment in a Democracy: The Case of India." In A Sustainable Fiscal Policy for India: An International Perspective, edited by P.S. Helle, and M.G. Rao. Oxford University Press, 2006.

Hausmann, Ricardo, Lant Prichett, and Dani Rodrick. "Growth Accelerations." Journal of Economic Growth 10(4): 303-329, 2005.

Hausmann, Ricardo, and Andrés Velasco. "The Causes of Financial Crises: Moral Failure Versus Market Failure." In The Political Economy of Recurrent Debt, edited by M.A. Centano, H. James, and J. Londregan. Princeton Institute for International and Regional Studies, 2005.

Braun, Matias, Ricardo Hausmann, and Lant Pritchett. "The Proliferation of Sovereigns: Are There Lessons for Integration?" In Integrating the Americas: FTAA and Beyond, edited by A. Estevadeordal, D. Rodrik, A. M. Taylor, and A. Velasco. Cambridge: Harvard University Press, 2004.

Hausmann, Ricardo. "The Dollarization Debate: Is It Over?" In East Asia’s Monetary Future, edited by Suthiphand Chirathivat, Emil-Maria Clasassen, and Jurgen Schroeder. London: Edward Elgar Press, 2004.

Hausmann, Ricardo. "Good Credit Ratios, Bad Credit Ratings: The Role of Debt Structure." Chapter 3 in Rules-Based Fiscal Policy in Emerging Market Economies: Background, Analysis and Prospects, edited by George Kopits. New York: Palgrave Macmillan, 2004.

Hausmann, Ricardo. "Venezuela’s Growth Implosion: A Neo-classical Story?" In In Search of Prosperity: Analytic Narratives on Economic Growth, edited by Dani Rodrik. Princeton: Princeton University Press, 2003.

Hausmann, Ricardo, and Roberto Rigobón. "An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications." In Fiscal Policy Formulation and Implementation in Oil-producing Countries, edited by Jeffrey M. Davis, Rolando Ossowski, and Annalisa Fedelino. Washington, D.C.: International Monetary Fund, 2003.

Hausmann, Ricardo, and Dani Rodrik. "Economic Development as Self-Discovery." Journal of Development Economics 72(2): 603-633, 2003.

Fernández-Arias, Eduardo, and Ricardo Hausmann. "The Redesign of the International Financial Architecture from a Latin American Perspective: Who Pays the Bills?" In Debating the Global Financial Architecture, edited by Leslie Elliott Armijo. Albany, NY: State University of New York Press, 2002.

Hausmann, Ricardo, Ugo Panizza, and Ernesto Stein. "Original Sin, Passthrough, and Fear of Floating." In Financial Policies in Emerging Markets, edited by Mario I. Blejer and Marko Skreb. Cambridge: MIT Press, 2002.

Hausmann, Ricardo, and Andrés Velasco. "Hard Money’s Soft Underbelly: Understanding the Argentine Crisis." Brookings Trade Forum, 2002.

Hausmann, Ricardo, and Matías Braun. "Financial Development and Credit Crunches: Latin America and the World." In The Latin American Competitiveness Report 2001-2002, CID-World Economic Forum. Oxford University Press, 2002.

Fernández-Arias, Eduardo, and Ricardo Hausmann. "Is FDI a Safer Form of Financing?" In Foreign Direct Investment Versus Other Flows to Latin America, edited by J.B. de Macedo and E.V. Iglesias. Inter-American Development Bank, 2001.

Hausmann, Ricardo, and Eduardo Fernández-Arias. "Foreign Direct Investment: Good Cholesterol?" In Foreign Direct Investment Versus Other Flows to Latin America, edited by Jorge Braga de Macedo and Enrique V. Iglesias. Paris: OECD, 2001.

Hausmann, Ricardo, and Miguel Székely. "Inequality and the Family in Latin America." In Population Matters: Demographic Change, Economic Growth, and Poverty in the Developing World, edited by Nancy Birdsall, Allen C. Kelley, and Steven Sinding. New York: Oxford University Press, 2001.

Hausmann, Ricardo and Patricia Cortés. "Will the FDI Boom Bring More Growth?" In Foreign Direct Investment Versus Other Flows to Latin America, edited by Jorge Braga de Macedo and Enrique V. Iglesias. Paris: OECD, 2001.

Hausmann, Ricardo, Ugo Panizza, and Ernesto Stein. "Why Do Countries Float The Way They Float?" Journal of Development Economics 66: 387-414, 2001.

Aizenman, Joshua, Michael Gavin, and Ricardo Hausmann. "Optimal Tax and Debt Policy with Endogenously Imperfect Creditworthiness." Journal of International Trade & Economic Development 9(4): 367-395, 2000.

Aizenman, Joshua, and Ricardo Hausmann. "The Impact of Inflation on Budgetary Discipline." Journal of Development Economics 63(2): 425-449, 2000.

Fernández-Arias, Eduardo, and Ricardo Hausmann. "International Initiatives to Bring Stability to Financial Integration." In Wanted: World Financial Stability, edited by Eduardo Fernández-Arias and Ricardo Hausmann. Baltimore, MD: IDB/Johns Hopkins University Press, 2000.

Gavin, Michael, and Ricardo Hausmann. "Preventing Crisis and Contagion: Fiscal and Financial Dimensions." In Wanted: World Financial Stability, edited by Eduardo Fernández-Arias and Ricardo Hausmann. Baltimore, MD: IDB/Johns Hopkins University Press, 2000.

Gavin, Michael, Ricardo Hausmann, and Eduardo Fernández-Arias. "Preventing Crisis and Contagion: The Role of International Financial Institutions." In Wanted: World Financial Stability, edited by Eduardo Fernández-Arias and Ricardo Hausmann. Baltimore, MD: IDB/Johns Hopkins University Press, 2000.

Hausmann, Ricardo, Michael Gavin, Carmen Pagés-Serra, and Ernesto Stein. "Financial Turmoil and Choice of Exchange Rate Regime." In Wanted: World Financial Stability, edited by Eduardo Fernández-Arias and Ricardo Hausmann. Baltimore, MD: IDB/Johns Hopkins University Press, 2000.

Alesina, Alberto, Ricardo Hausmann, Rudolf Hommes, and Ernesto Stein. "Budget Institutions and Fiscal Performance in Latin America." Journal of Development Economics 59(2): 253-273, 1999.

Einchengreen, Barry, and Ricardo Hausmann. "Exchange Rates and Financial Fragility (IFM)." In New Challenges for Monetary Policy. The Federal Reserve Bank of Kansas City, 1999.

Hausmann, Ricardo. "Dealing with Negative Oil Shocks: The Venezuelan Experience in the Eighties." In Trade Shocks in Developing Countries, edited by Paul Collier and Jan Willem. Cambridge, UK: Oxford University Press, 1999.

Hausmann, Ricardo, Barry Eichengreen, and Jurgen von Hagen. "Reforming Budgetary Institutions in Latin America: The Case for a National Fiscal Council." Chapter 8 in Evaluation and Development: The Institutional Dimension, edited by Robert Picciotto and Eduardo Wiesner. World Bank, 1998.

Hausmann, Ricardo. "Adoption, Management and Abandonment of Multiple Exchange Rate Regimes with Import Controls: The Case of Venezuela." Chapter 4 in Parallel Exchange Rates in Developing Countries, edited by Miguel A. Kiguel, J. Saul Lizondo, and Stephen A. O’Connell. Basingstoke: MacMillan Press; New York: St. Martin's Press, 1997.

Gavin, Michael, Ricardo Hausmann, Roberto Perotti, and Ernesto Talvi. "El Manejo de la Politica Fiscal en America Latina y el Caribe." Revista del Banco Central de Venezuela, vol. XI(1), 1997.

Gavin, Michael, and Ricardo Hausmann. "Origenes de las Crisis Bancarias: El Contexto Macroeconomico." Revista del Banco Central de Venezuela, vol. X, 1996.

Hausmann, Ricardo. "Repercususiones de las Finanzas Publicas en Materia de Distrubucion." In Politicas de Ajuste y Pobreza: Falsos Dilemas, Verdaderos Problemas, edited by J.N. del Arco. Washington, D.C.: Inter-American Development Bank, 1995.

Gavin, Michael, and Ricardo Hausmann. "Make or Buy? Approaches to Financial Market Integration." In Safe and Sound Financial Systems: What Works for Latin America, edited by L. Rojas-Suarez. Washington, D.C.: Inter-American Development Bank, 1997.

Working Papers

Hausmann, Ricardo, and Federico Sturzenegger. "Global Imbalances or Bad Accounting? The Missing Dark Matter in the Wealth of Nations." CID Working Paper No. 124. Center for International Development at Harvard University, January 2006.

Hausmann, Ricardo, Jason Hwang, and Dani Rodrik. "What You Export Matters." CID Working Paper No. 123. Center for International Development at Harvard University, December 2005.

Hausmann, Ricardo, and Federico Sturzenegger. "U.S. and Global Imbalances: Can Dark Matter Prevent a Big Bang?" November 2005.

Hausmann, Ricardo, and Andrés Velasco. "Slow Growth in Latin America: Common Outcomes, Common Causes?" October 2005.

Hausmann, Ricardo, Dani Rodrik, and Andrés Velasco. "Growth Diagnostics." Revised March 2005.

Hausmann, Ricardo, Andrés Rodríguez-Clare, and Dani Rodrik. "Towards a Strategy for Economic Growth in Uruguay." RE1-05-003 in Economic and Social Study Series, Inter-American Development Bank, February 2005.

Hausmann, Ricardo, and Roberto Rigobón. "In Search of the Black Swan: Analysis of the Statistical Evidence of Fraud in Venezuela." September 2004. [Authors' response to the Carter Center’s answer to this report]

Hausmann, Ricardo, Ugo Panizza, and Roberto Rigobón. "The Long-Run Volatility Puzzle of the Real Exchange Rate." NBER Working Paper No. 10751. National Bureau of Economic Research, September 2004.

Eichengreen, Barry, and Ricardo Hausmann. "Original Sin: The Road to Redemption." October 2003.

Eichengreen, Barry, Ricardo Hausmann, and Ugo Panizza. "Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why It Matters." NBER Working Paper No. 10036. National Bureau of Economic Research, October 2003.

Hausmann, Ricardo, and Ugo Panizza. "The Mystery of Original Sin." Revised March 2003.

Hausmann, Ricardo, and Roberto Rigobón. "IDA in UF: On the Benefits of Changing the Currency Denomination of Concessional Lending to Low-income Countries." 2003.

Chamon, Marcos, and Ricardo Hausmann. "Why Do Countries Borrow the Way They Borrow?" Revised December 2002.

Eichengreen, Barry, Ricardo Hausmann, and Ugo Panizza. "Original Sin: The Pain, the Mystery, and the Road to Redemption." November 2002. Paper prepared for the conference “Currency and Maturity Matchmaking: Redeeming Debt from Original Sin,” Inter-American Development Bank, Washington, D.C., November 21-22, 2002.

Hausmann, Ricardo. "After 10 Years of Convertibility: Should Argentina Move to Greener Pastures?" Paper prepared for the Conference on the 10th Anniversary of the Convertibility Law, organized by the Banco Central de la Republica Argentina, Buenos Aires, April 5-6, 2001.

Hausmann, Ricardo. "La Nueva Economía y los Mercados Emergentes:10 Proposiciones Especulativas." 2001.

Fernández-Arias, Eduardo, and Ricardo Hausmann. "Getting it Right: What to Reform in International Financial Markets." IADB Research Dept. Working Paper No. 428. Inter-American Development Bank. August 2000.

Fernández-Arias, Eduardo, and Ricardo Hausmann. "What's Wrong with International Financial Markets?" IADB Research Dept. Working Paper No. 429. Inter-American Development Bank. August 2000.

Aizenman, Joshua, and Ricardo Hausmann. "Exchange Rate Regimes and Financial-Market Imperfections." NBER Working Paper No. 7738. National Bureau of Economic Research, June 2000.

Gavin, Michael, and Ricardo Hausmann. "Nature, Development and Distribution in Latin America: Evidence on the Role of Geography, Climate and Natural Resources." IADB Office of the Chief Economist Working Paper No. 378. Inter-American Development Bank, August 1998.

Gavin, Michael, Ricardo Hausmann, and Ernesto Talvi. "Saving Behavior in Latin America: Overview and Policy Issues." IADB Office of the Chief Economist Working Paper No. 346. Inter-American Development Bank, May 1997.

Gavin, Michael, Ricardo Hausmann, Roberto Perotti, and Ernesto Talvi. "Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness." IADB Office of the Chief Economist Working Paper No. 326. Inter-American Development Bank, March 1996.

Gavin, Michael, and Ricardo Hausmann. "The Roots of Banking Crises: The Macroeconomic Context." IADB Office of the Chief Economist Working Paper No. 318. Inter-American Development Bank, January 1996.

Gavin, Michael, and Ricardo Hausmann. "Securing Stability and Growth in a Shock Prone Region: The Policy Challenge for Latin America." IADB Office of the Chief Economist Working Paper No. 315. Inter-American Development Bank, January 1996. Paper prepared for the IDB/OECD conference on "Securing Stability and Growth in Latin America: Policy Issues and Prospects for Shock-Prone Economies," Paris, November 9-10, 1995.

Gavin, Michael, Ricardo Hausmann, and Leonardo Leiderman. "Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues." IADB Office of the Chief Economist Working Paper No. 310. Inter-American Development Bank, October 1995.

Aizenman, Joshua, and Ricardo Hausmann. "Why Is Inflation Skewed? A Debt and Volatility Story." NBER Working Paper No. 4837. National Bureau of Economic Research, August 1994.

Opinion Editorials and Essays

Hausmann, Ricardo, and Federico Sturzenegger. "'Dark Matter' Makes the U.S. Deficit Disappear." Financial Times, December 7, 2005.

Hausmann, Ricardo. "China Must Reduce Its Excessive Savings Rate." Financial Times, June 15, 2005.

Hausmann, Ricardo. "An Interview for Valor Econômico." February 2003.

Hausmann, Ricardo. " Chávez Must Yield to Election Calls." Financial Times, January 7, 2003.

Eichengreen, Barry, and Ricardo Hausmann. "How to Eliminate Original Financial Sin." Financial Times, November 22, 2002.

Hausmann, Ricardo. "Venezuela Needs an Electoral Solution -- Soon." Miami-Herald, October 2002.

Hausmann, Ricardo. "Patience is a Virtue for Argentina's Creditors." Financial Times, October 2, 2002.

Hausmann, Ricardo. "Baffled by Brazil." Financial Times, August 13, 2002.

Hausmann, Ricardo. "Argentina's Route to Salvation." Financial Times, January 4, 2002.

Hausmann, Ricardo. "A Way Out for Argentina: The Currency Board Cannot Survive Much Longer." Financial Times, October 29, 2001.

Hausmann, Ricardo. "Prisoners of Geography." Foreign Policy, no. 122 (January/February 2001): 44.

Fernández-Arias, Eduardo, and Ricardo Hausmann. "Is FDI a Safer Form of Financing?" Emerging Markets Review 2(2001): 34-39.

Hausmann, Ricardo. "Should There Be Five Currencies or One Hundred and Five?" Foreign Policy, Fall 1999.

Hausmann, Ricardo. "Managing Terms of Trade Volatility." PREMnotes: Economic Policy, No. 18. World Bank, February 1999.

Hausmann, Ricardo. "Will Volatility Kill Market Democracy?" Foreign Policy, no. 108 (Fall 1997): 54-67.

Major Reports

2000 Economic and Social Progress in Latin America Report: Development Beyond Economics. Chapter 3: Geography and Development. Washington, D.C.: Inter-American Development Bank / Johns Hopkins University Press, 2000. Published in English and Spanish. [Available online and as a downloadable zip file]

1998-1999 Economic and Social Progress in Latin America Report: Facing Up to Inequality in Latin America. Washington, D.C.: Inter-American Development Bank / Johns Hopkins University Press, 1998. Published in English and Spanish. [Available online and as a downloadable zip file]

1997 Economic and Social Progress in Latin America Report: Latin America After a Decade of Reforms. Washington, D.C.: Inter-American Development Bank / Johns Hopkins University Press, 1997. Published in English and Spanish.

1996 Economic and Social Progress in Latin America Report: Making Social Services Work. Washington, D.C.: Inter-American Development Bank / Johns Hopkins University Press, 1996. Published in English and Spanish. [Available as a downloadable zip file]

1995 Economic and Social Progress in Latin America Report: Overcoming Volatility. Washington, D.C.: Inter-American Development Bank / Johns Hopkins University Press, 1995. Published in English and Spanish.