Buscar recursos académicos

Most practitioners add the country risk to the discount rate when valuing projects in Emerging Markets. In addition to the problems already pointed out in the literature, in this paper we claim that such practice leads t...

Using a utility based measure and under a conditional mean-variance framework this paper analyzes the economic value of diversifying into emerging market. Depending on risk tolerance characteristics, the value of diversi...

This paper focuses on capital flow volatility in Emerging Market Economies, EMs. Capital inflows rose to unprecedented heights in the first part of the 1990s, and collapsed very rapidly in the second. Volatility could pa...

The agricultural sector of many countries shows increasing farm size with corresponding decrease in farm numbers. Despite abundant research, the determinants of these changes have not been clearly identified. This paper ...

This paper studies the interest-rate-driven business cycles of a small open economy (SOE). For than end a costly operated banking system is added to the standard real-business-cycles model. Banks are the only domestic ag...

The 1990s emerging-markets crises were characterized by sudden reversals in inflows of foreign capital followed by unusually large declines in current account deficits, private expenditures, production, and prices of non...

Sustainability challenges (Brundtland, 1987) often include significant social dimensions, particularly in integrating bottom-of-the-pyramid (BOP) or informal sellers into formal markets (Pels et al., 2022). This issue al...

This paper evaluates the unemployment duration and labor mobility using data from the household surveys provided by the National Statistical office (INDEC) for the period 1998 to 2005. The paper aims to understand and ex...

This paper studies the effect of welfare programs on work incentives and the labor supply of adults in developing countries. The document builds on the experimental evaluations of three programs implemented in rural area...