The aim of this paper is to improve one of the limitations of the fuzzy models of business failure. In this sense an application to a group of small and medium -sized enterprises (SMEs) from the construction sector is introduced in a given time horizon to test the diagnosis model capacity to...

The purpose of this paper is to examine the relationship between the financial development and economic growth in Latin American countries. First, we show the high correlation between financial system indicators and GDP. Second, we test out that regardless the financial structure of each...

The purpose of this paper is to examine the relationship between the financial development and economic growth in Latin American countries. First, we show the high correlation between financial system indicators and GDP. Second, we test out that regardless the financial structure of each...

This paper investigates the presence of long memory in corporate bond and stock indices of six European Union countries from July 1998 to February 2015. We compute the Hurst exponent by means of the DFA method and using a sliding window in order to measure long range dependence. We detect that...

The purpose of this paper is to examine the relationship between the financial development and economic growth in Latin American countries. First, we show the high correlation between financial system indicators and GDP. Second, we test out that regardless the financial structure of each...

This paper presents an estimation of Value at Risk (VaR) using Monte Carlo Simulation (MCS) under the symmetric GARCH (1,1) model in three different markets, United States, Eurozone and Japan, represented by the indexes Dow Jones Industrial Average, Euro Stoxx 50 and Nikkei 225 respectively,...

The aim of this paper is to improve one of the limitations of the fuzzy models of business failure. In this sense an application to a group of small and medium –sized enterprises (SMEs) from the construction sector is introduced in a given time horizon to test the diagnosis model capacity to...

El objetivo de este trabajo es analizar la relación que existe entre el desarrollo del sistema financiero y el crecimiento en los países de Latinoamérica. En primer lugar, pudimos evidenciar la elevada correlación que existe entre los distintos indicadores del sistema financiero y el PIB. En...

This paper analyses which variables influence the disappearance of mutual funds in the Spanish market and whether these variables vary depending on the investment objectives. The following variables are tested: age, size, investment flows, return, volatility, Sharpe ratio, Morningstar rating,...