In this paper we apply random matrix theory (RMT) to the analysis of cross-correlation matrix C constructed from daily returns of 65 stocks traded at the Bolsa Mexicana de Valores during a 8-year trading period. We find that the statistics of most of the eigenvalues in the spectrum of C agrees...

The Credit Default Swap (CDS) is the most popular credit derivative and it is used as an insurance against the risk of default by a particular company, known as a reference entity. If a portfolio of debt instruments is created with a complex structure where the cash flows from such portfolio are...

In this paper is analyzed the macroeconomic effects associated with increases in the capital tax rate and labor tax rate under a Neoclassical model with elastic labor supply and positive externalities due to government's spending. It is found that these policies reduce the production, the...