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Privatization, Corporate Control and Regulatory Reform: The case of Telefonica

Bel, Germa; Trillas, Francesc - EconWPA - 2004

investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization … documented phenomenon both in this study and in the cross-country literature on privatization; e.g. political ends in … privatization, influence in appointments, golden shares) as the most visible part of such collusion. Liberalization and multi …

Persistent link: https://www.econbiz.de/10005413213

Privatization in Sub-Saharan Africa: Some Lessons from Experiences to Date

Buchs, Thierry - EconWPA - 2005

in privatization transactions despite some showcase transactions; fifth, regulation and competition have often been …Privatization became a central element of economic reforms in most countries in Sub-Saharan Africa during the 1990s …. Yet, empirical evidence regarding the impact of privatization remains scarce. Since the seminal work of CAMPBELL …

Persistent link: https://www.econbiz.de/10005413292

Efficiency of Delhi International Airport Using Data Envelopment

Mathur, Somesh Kumar - EconWPA - 2004

domestic airports.The latter evidence favors privatization of the Delhi Airport. We study the impact of foreign direct … of professionalization in their day to day operations. The study also discusses various models of privatization and … Airports in India.Given the limitations in India’s airport infrastructure, a more suitable method of privatization seems to be …

Persistent link: https://www.econbiz.de/10005561389

Uncovering Central Bank Monetary Policy Objectives: Going Beyond Fear of Floating

Moron, Eduardo; Castro, Juan F. - EconWPA - 2002

Highly volatile exchange rates don't come cheap in economies with large liability dollarization ratios. Therefore, central banks do not follow a unique objective of price stability but its preferences include an implicit exchange rate objective. This gives us reasons to believe that the Peruvian...

Persistent link: https://www.econbiz.de/10005126281

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Pobreza y desigualdad en el Peru: Los promedios no bastan

Mauro, Raul - EconWPA - 2005

Persistent link: https://www.econbiz.de/10005062440

Rebuilding the State in Areas Affected by Political Violence: The Case of Rural Communities in Ayacucho, Peru

Velazco, Jackeline - EconWPA - 2004

During the 1980s, the Peruvian society was deeply affected by two significant events: a) the economic crisis that ended in recession and hyperinflation and, b) the spread of political violence, in particular in Ayacucho, in the central Andean highlands. Taking this into account, the conditions...

Persistent link: https://www.econbiz.de/10005412495

Dedollarizing the Peruvian Economy

Moron, Eduardo; Castro, Juan F. - EconWPA - 2003

Financial dollarization creates design problems for economic policy as increases the level of financial vulnerability. However, countries with high levels of dollarization have done almost nothing to reduce it. In this paper we study two ways to do it and we evaluate them within a model that...

Persistent link: https://www.econbiz.de/10005412579

Financial Dollarization and the Size of the Fear

Castro, Juan F.; Morón, Eduardo - EconWPA - 2005

Based on the significance of a Minimum Variance Portfolio (MVP) for the understanding of dollarization equilibria, a significant strand of the debate concerned with the driving forces behind this phenomenon has focused on analyzing the determinants of the relative volatility of inflation...

Persistent link: https://www.econbiz.de/10005412746

Market integration for agricultural output markets in Peru: the role of public infrastructure

Escobal, Javier; Vásquez, Arturo - EconWPA - 2005

markets. Using daily price series for the most important agricultural crop in Peru (potato), in 10 cities from 1995 to 2001 …

Persistent link: https://www.econbiz.de/10005556218

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