Buscar recursos académicos

The mobility of factors of production from the very beginnings of the theory of the optimal currency area (OCA) stands out as one of the primary mechanisms for achieving a balance of payments, i.e. sustainability of th...

The aim of this paper is to verify the impact of the euro adoption on the complexity of goods in Slovenian exports. To the best knowledge of the authors, it is the first study on the consequences that the elimination o...

The paper aims to examine Croatian import demand elasticities to changes in income and relative prices while allowing time variation in parameters of import demand. Data sample consist of quarterly time series...

Background. Respiratory infections remain a major global health burden with significant economic impact. The di-versity of viral pathogens and variability in diagnostic approaches complicate etiological verification in l...

This research investigates the factors shaping willingness to pay (WTP) for ecosystem services among downstream communities in the Gamo highlands, located in southern Ethiopia. Data were collected from 381 respondents us...

El presente trabajo propone una interpretación crítica del desempeño de la economía del Perú durante el nuevo milenio, que ha sido denominada por el Banco Mundial y el Fondo Monetario Internacional como «el milagro...

Fil: González, Oscar R. Universidad de Buenos Aires; Argentina. Los historiadores del futuro quizás ubiquen el comienzo del siglo XXI en el año 2008 –del mismo modo que Eric Hobsbawm fijó el inicio del siglo XX en ...

I use a new technique to derive a closed-form solution for the price of a European call option on an asset with stochastic volatility. The model allows arbitrary correlation between volatility and spotasset returns. I in...

This paper uses an intertemporal general equilibrium asset pricing model to study the term structure of interest rates. In this model, anticipations, risk aversion, investment alternatives, and preferences about the timi...

This paper shows that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits. Investors face privately observed ris...

ABSTRACT We use data on ownership structures of large corporations in 27 wealthy economies to identify the ultimate controlling shareholders of these firms. We find that, except in economies with very good shareholder pr...

Stiglitz and Weiss explain credit rationing in markets with imperfect information.

Materias / palabras clave: Discretion; Monetary policy; Unification; Economics; Policy analysis; German; Shock (circulatory); Work (physics); Macroeconomics; Public administration; Political science; Law

We present cross-country evidence consistent with Schumpeter's view that the financial system can promote economic growth, using data on 80 countries over the 1960–1989 period. Various measures of the level of financia...

Materias / palabras clave: Stock (firearms); Economics; Financial economics; Stock market; Liberian dollar; Stock exchange; Monetary economics; Econometrics; Excess return; Expected return; Finance; Horse

Abstract We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage frequency. Several types of evidence—including human readings of 12,000 newspaper articles—indicate that our index prox...

ABSTRACT This paper documents that strategies which buy stocks that have performed well in the past and sell stocks that have performed poorly in the past generate significant positive returns over 3‐to 12‐month hold...

Materias / palabras clave: Stock market; Economics; Monetary economics; Financial economics; Business; Geography; Context (archaeology); Archaeology

Materias / palabras clave: Diversification (marketing strategy); Dominance (genetics); Economics; Growth theory; Position (finance); Market economy; Industrial organization; Economic system; Economic geography; Monetary economics; Business; Neocla...

Liberty being indivisible, there is no political without economic liberty. In spite of many deficiencies, the free economy is superior to the planned economy. The ideal from would be the social liberalism in which the ev...

Se presenta una guía para resolver y estudiar modelos de expectativas racionales dinámicas lineales (LDRE). Luego de codificar el modelo, se aplica una function simple para log-linealizarlo; simular los efectos de seri...

Este artículo se ocupa de la posibilidad y legitimidad de integrar las soluciones de dos problemas económicos internacionales. El primero es el de la reforma monetaria internacional y el segundo el de incrementar el fl...

El propósito de este trabajo es analizar los efectos comparados que sobre algunas variables macroeconómicas tiene un cambio en el coeficiente de reserva de los intermediarios financieros, bancarios y no bancarios. En l...

El enfoque del problema del pleno empleo adquiere una nueva dimensión cuando se considera el caso de economías abiertas. La existencia de un sector externo aumenta el número de opciones disponibles en materia de estra...