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We study the relationship between exchange rate regimes and economic growth for a sample of 154 countries over the post-Bretton Woods period (1974-1999), using a new de facto classification of regimes based on the actual...

This paper presents a model designed to study the dynamic response of the economy under a fixed peg to the dollar to an international (and exogenous) real appreciation of the dollar, when there is wage and price stickine...

"La franquicia es un sistema de distribución de productos y/o servicios, según el cual una empresa que ha logrado un éxito comercial en un área específica de negocios, transmite a otro empresario independiente todos...

I extend the traditional Diamond Dybvig framework with aggregate liquidity shocks to small open economies. Currency board may imply perfect risk sharing (with perfect credit markets), contrary to Chang and Velasco's find...

"El proyecto tiene como objetivo evaluar las ventajas de utilización de instrumentos financieros derivados, entre otras estrategias, para la administración del riesgo que enfrentan las empresas que operan en Argentina ...

This paper is based in a simultaneous equations econometric model -estimated with the help of genetic algorithms- for the depiction of the Ecuadorian economy functioning. The structural model links the traditional macroe...