Thematic strategies have gained a lot of traction and popularity since the world economy underwent a massive transformation caused by an impactful macro event. Analysts and investment managers emphasize that some industries affected positively by the change in business conditions could generate...

Este trabajo analiza la institucionalidad del sistema de jubilaciones y pensiones en Uruguay, considerando, tanto el comportamiento global del sistema, como la situación específica de los subsistemas que lo componen. Se destaca el reciente proceso de expansión de la cobertura del sistema,...

There are two issues that are of central importance in term-structure analysis. One is the modelling and estimation of the current term structure of spot rates. The second is the modelling and estimation of the dynamics of the term structure. These two issues have been addressed independently in...