I study the relationship between political institutions and sovereign borrowing when constitutional constraints are systematically chosen to obtain better credit conditions. I argue that the impact of institutional constraints on country risk premia depends on the government’s concern with the...

Natural dams are caused by the blockage of streams as a result of the sudden arrival of detritus material during a glacial surge advance or fast slope collapse threatening downstream populations. Nevertheless, origin, morphological characteristics and stability of dammed lakes are frequently...

Between 2001 and 2005, a large debris rock slide occurred on the western slope of the Cordillera de Santa Cruz in the southeast Andean corner of the Province of San Juan (31°40′ S–70°16′ W). The landslide material accumulated in a downstream gorge as a natural dam of the Santa Cruz...

A large body of theoretical empirical research suggests that welfare spending reduces crime. Contrary to this dominant finding, a few recent studies conclude that there is no relationship between several measures of welfare spending and crime. This paper contributes to the debate using data from...

In this article, we use the dual long memory properties to assess the value-at-risk and expected shortfall for the Argentinean stock market under both short and long daily trading positions. We attempt to show whether considering for long memory properties in both the returns and volatility,...